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Transaction Experiences Bigelow Advises BSC Industries, Inc. on its Recapitalization by Benford Capital Partners

Transaction Experience

Bigelow Advises BSC Industries, Inc. on its Recapitalization by Benford Capital Partners

BSC Industries, Inc. (“BSC”) announced it has been recapitalized by Benford Capital Partners (“Benford” or "BCP").  BSC is a leading independent value-added distributor and engineered-solutions provider of industrial automation & motion control products (controls, motors, bearings, power transmission).  Benford is a private equity investment firm focused on industrial technology, consumer products and food, B2B e-commerce, and agricultural products and services. This transaction is the successful culmination of an initiative led by Bigelow LLC.

Originally founded in 1919, BSC ( provides industrial products and services for customers nationally and internationally.  BSC was originally acquired by the Fitzpatrick family in 1962 and has been led by brothers Jim and Peter Fitzpatrick since 1992.  Headquartered in Canton, MA, with six additional New England locations, BSC serves as an integral extension of their OEM and MRO customers’ engineering teams.  The recapitalization allows Jim Fitzpatrick to transition out of his management role while Peter Fitzpatrick will become CEO and the rest of the management team will remain in place.

Shareholder, Jim Fitzpatrick commented, “Our family has owned BSC for two generations and my brother and I felt the time was right to bring in a new investment partner for future growth.  We chose Benford due to their experience scaling family-owned companies as supportive stewards.”

“I look forward to working with the team at Benford to help grow BSC’s capabilities, continue to expand our service offerings, and better serve our customers. At BSC we are seeing a multitude of opportunities to expand our offerings into additional segments and end markets, and partnering with a firm like Benford that has experience supporting private company growth will only improve our likelihood of success. I’m excited for this next chapter.” Peter Fitzpatrick, Shareholder & Chief Executive Officer BSC Industries, Inc.

Headquartered in Chicago, IL, Benford ( specializes in buying and building leading lower middle market companies in partnership with founders and management.  Founded in 2004, Benford’s goals are to help companies scale and continue to realize their potential, while preserving their culture and legacy.  Benford will support BSC’s organic growth through investment in ancillary products and services, sales execution, and operational capabilities. In addition, the Company will actively pursue add-on acquisitions of related value-added distributors of industrial components sold to OEM and MRO customers.

Commenting on the new investment, BCP Principal Brendan Green said, “With its more than 100-year history, BSC is a great company with an impressive track record of growth. We look forward to partnering with Peter to execute our value creation plan and build upon BSC’s successful foundation.”

“BSC has developed long-tenured customer relationships by providing unique solutions through its product expertise and excellent customer service. We are excited to partner with the BSC team, and to bring additional resources to the Company to accelerate growth.” Edward Benford, Managing Director Benford Capital Partners

Originally established in 1935, Bigelow LLC is widely known as the M+A Advisory Boutique that deals exclusively with private Entrepreneur Owner-Managers. Bigelow has a reputation for having a unique understanding of the special requirements of the owner-managed, entrepreneurial operating company in building and ultimately capturing Enterprise Value.

Canton, Massachusetts

has been recapitalized by

Chicago, Illinois

The undersigned initiated this transaction
and acted as M&A advisor to
BSC Industries, Inc.

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