LabTops is a leading molder, fabricator, and marketer of customized, cast epoxy resin-based work surfaces and related products that have exceptional durability, chemical resistance, and strength which make them ideal for harsh work environments. The Company’s products are sold to the global scientific/R&D and education vertical markets.
Stonebridge Partners is a private investment firm founded in 1986 to acquire middle market companies in conjunction with management. Managed by a small group of seasoned partners, the firm has acquired over 45 companies with combined revenue in excess of $1.3 billion, representing approximately $400 million of equity capital.
Laboratory Tops, Inc. (Taylor, Texas), the leading supplier of solid surface products for laboratory and education applications, announced that it has been recapitalized with a controlling equity investment made by Stonebridge Partners, a prominent middle market private equity investment firm. Additional capital was provided by Company Management, Antares Capital Corporation, CIT Group Inc., and Brown Brothers Harriman & Co.
“We couldn’t have done it without Bigelow. Staying “on task” after a plant fire shut us down in mid-process, and leading us to a very successful conclusion is a testament to their high level of commitment. We definitely made the right choice when we retained Bigelow.” Charlie Heinzelman, President Laboratory Tops, Inc.
This transaction is the conclusion of an initiative led by Bigelow LLC to provide a liquidity event for the majority shareholder, Metapoint Partners, while simultaneously ensuring the growth capital necessary to support Management’s continuing growth plan.
“Bigelow was much more than a facilitator of the process. They knew the company and the business so well, helping us quickly get up to speed, and have even added value by identifying certain opportunities we didn’t see for the business plan going forward” Michael Steinback, Operating Partner Stonebridge Partners
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White Plains, New York
The undersigned acted as M+A advisor to Laboratory Tops, Inc.