Battenfeld Technologies, Inc. Comes Under New Ownership
The Potterfield Family announces that they have sold their entire interest in Battenfeld Technologies, Inc. to Clearview Capital (a private equity group based in Connecticut) and to members of Battenfeld’s existing management team.
Battenfeld Technologies Inc. is an industry leading manufacturer of shooting, reloading, gunsmithing and gun cleaning supplies. Battenfeld manufactures accessories under several popular brands including; Caldwell Shooting Supplies, Wheeler Engineering, Tipton Gun Cleaning Supplies, Lockdown Vault Accessories, Past Recoil Protection, Non-Typical Wildlife Solutions and others.
“New ownership is going to be able to take Battenfeld in new and exciting directions, helping them to continue their proud heritage of innovation and market-leading new product introductions,” says Russell Potterfield, former CEO of Battenfeld Technologies. “I’m hugely proud of what the Battenfeld team has been able to accomplish and what they will be able to accomplish as an entity outside of the Potterfield Group umbrella of companies.”
VP of Products and Marketing, Jim Gianladis, stated “We are extremely excited about the future of Battenfeld; we have always been committed to designing high quality, innovative products and look forward to continuing that legacy. We are proud to be a part of the Clearview Capital family.”
Battenfeld will continue to operate from its current facility and all contact information will stay the same. The management team and workforce will remain unchanged.
“Respecting our customer’s loyalty and making their needs top priority remains our focus; there will be absolutely no disruption to customer service or shipping,” says VP of Sales, Bob Zara.
The Potterfield Family was advised by Mesirow Financial through a team led by Andrew Carolus, Managing Director in Mesirow's Investment Banking Group. Mesirow's transaction and industry expertise proved very important in the identification and development of exit partners and ultimately in achieving a successful transaction. Legal advice was provided by Seth Katz of Sidley Austin LLP.
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