Kinderhook Industries, LLC announced today the sale of SJ Holdings, Inc. to a U.S. subsidiary of Carlisle Companies Incorporated (NYSE:CSL). Financial terms of the transaction were not disclosed.
San Jamar is a leading provider of universal dispensing systems and food safety solutions for the foodservice and hygiene markets. San Jamar designs and distributes dispensers for paper towels, tissue, soap and air purification systems as well as personal and food safety products for commercial and institutional foodservice customers. San Jamar features strong brand recognition, well-entrenched sales channels and leading market positions in several hygienic, food safety and food management product categories. San Jamar is headquartered in Elkhorn, Wisconsin.
Carlisle is a global diversified company that designs, manufactures and markets a wide range of products that serve a broad range of niche markets including commercial roofing, energy, agriculture, lawn and garden, mining and construction equipment, aerospace and electronics, dining and food delivery, and healthcare.
San Jamar will operate as a separate unit within Carlisle FoodService Products, a provider of professional-grade products for the restaurant, healthcare and janitorial sectors, including foodservice permanentware, table coverings, cookware, displayware, catering equipment and meal delivery systems. Carlisle’s FoodService Products segment is headquartered in Oklahoma City, Oklahoma.
Bill Roehrick, President of San Jamar, said, “San Jamar is excited to build upon its previous track record of success with its new partner, Carlisle. Kinderhook has been an outstanding partner over the past four years and we greatly appreciate all the support and strategic guidance that they have provided.”
Paul Cifelli, Managing Director at Kinderhook, stated, “We are thankful to have partnered with San Jamar’s first class management team to capitalize on the Company’s leading market position and grow earnings over 3x during the course of Kinderhook’s ownership period. The sale of San Jamar is another successful example of Kinderhook’s investment strategy of partnering with strong management teams and providing them with the capital and resources to drive growth.”
Kirkland & Ellis LLP served as exclusive legal counsel to San Jamar. Baird served as the exclusive financial advisor to San Jamar.
About Kinderhook Industries
Kinderhook Industries, LLC is a private investment firm that manages over $2.0 billion of committed capital. We have made in excess of 150 investments and follow-on acquisitions since inception. Kinderhook’s investment philosophy is predicated on matching unique, growth-oriented investment opportunities with exceptional financial expertise and our proprietary network of operating partners. Our focus is on middle market businesses with defensible niche market positioning in the healthcare services, environmental / business services and automotive / light manufacturing sectors. We have a track record of successfully and consistently building industry leaders. In addition, Kinderhook is a licensed Small Business Investment Company (SBIC) with the U.S. Small Business Administration.
For more information, please visit: www.kinderhook.com
About San Jamar
San Jamar is a leading provider of universal dispensing systems and food safety solutions for the foodservice and hygiene markets. San Jamar designs and distributes dispensers for paper towels, tissue, soap and air purification systems as well as personal and food safety products for commercial and institutional foodservice customers. San Jamar features strong brand recognition, well-entrenched sales channels and leading market positions in several hygienic, food safety and food management product categories. San Jamar is headquartered in Elkhorn, Wisconsin.
For more information please visit: www.sanjamar.com
About Carlisle
Carlisle Companies Incorporated is a global diversified company that designs, manufactures and markets a wide range of products that serve a broad range of niche markets including commercial roofing, energy, agriculture, lawn and garden, mining and construction equipment, aerospace and electronics, dining and food delivery, and healthcare.
For more information please visit: www.carlisle.com
