Broadtree Partners Acquires Seanair Machine Co. Inc.

Partners with AE Industrial Partners to Acquire Long-Time Manufacturer of Aerospace Parts

Charlotte, NC – October 12, 2020 – Broadtree Partners LLC (“Broadtree”), a lower-middle market private equity firm, announced today that it has acquired Seanair Machine Co. Inc, (“Seanair” or the “Company,”) a family-run, 63-year-old manufacturer of OEM precision machined parts for the aerospace industry. The acquisition was completed in strategic partnership with AE Industrial Partners Structured Solutions I, LP and supported by Live Oak Bank (“LOB”). AE Industrial Partners Structured Solutions I, LP is an affiliate of AE Industrial Partners, LP (“AEI”), a private equity firm specializing in Aerospace, Defense & Government Services, Power Generation, and Specialty Industrial markets.

Founded in 1957, Seanair has a strong history of innovation, producing high-quality precision parts for the aerospace industry. The Company produces structural parts, flight controls, material handling, ground support, fuel systems, landing gears, wing structure parts, removable panels, and weapon-delivery components. Seanair’s long body of work includes the A-6 Intruder, EA-6B Prowler, E-2C Hawkeye, C-2A Greyhound, F-14 Tomcat, the Lunar Module, C-130 Hercules, F-16 Viper, F22 Raptor, U2 Dragon Lady, SH-60 Sea Hawk, V-22 Osprey and several classified programs. Based in Farmingdale, New York, the Company produces high-quality components in support of operational readiness and force projection of the US Armed Forces and their allies throughout the world.

Avi Das, who previously led Strategy & Corporate Development for Tata Group, has been appointed CEO of the Company, which will be rebranded as Seanair, LLC. Current owners Laura Abel Nawrocki and Thomas Nawrocki will continue to support Seanair’s high-quality operations and provide meaningful leadership and guidance in the growth of the new company as outside consultants.

“Broadtree is excited to continue the Seanair legacy. The Nawrockis have created an impressive company, and we look forward to building on a strong foundation,” said Johannes Zwick, Managing Partner at Broadtree. “We’re also happy to partner with AEI to further accelerate growth and continue to drive excellence in manufacturing and customer service.”

“Seanair is a great company with an inspiring history and an exciting future,” said Mr. Das of Seanair. “I look forward to working closely with Laura, Tom, the entire Seanair family and AEI, our strategic partner. Together, we are well positioned to usher in a new era of excellence and growth in this hidden gem.”

“We are proud of Seanair and its accomplishments. We are looking forward to seeing it soar and achieve great success under Avi’s leadership,” said Laura and Tom Nawrocki, the current owners.

“AEI is proud to partner with Seanair, a family-owned business that has both an established track record as well as a reputation for excellence in our target markets,” said Kirk Konert, Partner at AEI. “With the backing of an impressive group, including Tom, Laura, Avi and the Broadtree team, we are confident that the Company will have the resources to achieve its next stages of growth.”

Moore & VanAllen served as legal advisor to Broadtree and Kirkland & Ellis served as legal advisor to AEI. Mr. Kenneth S. Magida, ESQ served as the legal advisor to Seanair.

 

About Broadtree Partners

Broadtree Partners, headquartered in Charlotte, North Carolina, is a lower-middle market PE firm with an operator-centric model. Broadtree’s unique executive-in-residence approach allows owners to either smoothly exit their companies and seamlessly change leadership while preserving their legacy; or to bring operational and financial resources to a founder-led team to further accelerate growth. Broadtree’s team of operators and entrepreneurs work very closely with owners throughout the transaction process and transition to running the day-to-day operations after an acquisition. Broadtree seeks to partner with business owners and entrepreneurs to provide operational resources and institutional capital to transform and grow founder-owned businesses in the lower-middle market. Broadtree’s goal is to fuel stable, long-term growth while preserving the company’s core values.

Learn more at www.broadtreepartners.com

 

About AE Industrial Partners

AE Industrial Partners is a private equity firm specializing in Aerospace, Defense & Government Services, Power Generation, and Specialty Industrial markets. AE Industrial Partners invests in market-leading companies that can benefit from its deep industry knowledge, operating experience, and relationships throughout its target markets.

Learn more at www.aeroequity.com.

 

About Live Oak Bank

Live Oak Bank is a direct bank headquartered in Wilmington, North Carolina. The bank specializes in originating business loans that are guaranteed by the Small Business Administration (SBA) to companies in 16 specific industries.

Learn more at www.liveoakbank.com
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Contacts:

Lambert & Co.
Jennifer Hurson
845-507-0571
jhurson@lambert.com

or

Caroline Luz
203-656-2829
cluz@lambert.com

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Broadtree Partners acquires CanSource, a Leader in Craft Beverage Shrink-Sleeved Cans

December 23, 2019 – Broadtree Partners announced today the acquisition of CanSource. Headquartered in Longmont Colorado, CanSource is one of the nation’s largest suppliers of shrink-sleeved cans to craft beverage businesses across the beer, wine, spirits, energy drinks, coffee, kombucha and CBD industries.

“CanSource has a vast national footprint and supports every can size our customers need, but it’s the company’s people and customer service that sets it apart,” said CanSource CEO, Paige Sopcic. “An expert team from Sales, through Design and Production ensure that customer success is at the heart of every decision we make.”

Founded in 2011, today hundreds of customers coast-to-coast trust CanSource to deliver a high-quality product with dependable service and low minimum orders.

“Our customers operate in increasingly competitive markets. Our mission is to make certain their products stand-out on the shelf with distinguished brands and compelling designs,” said Dan Reese, general manager of CanSource. “Customers need a partner that understands their business and the criticality of quality and on-time delivery.”

“We have built lasting relationships with our customers by offering quality products, expertise, available inventory and reliable delivery,” said CanSource founder Pat Hartman. “Broadtree Partners shares our commitment to serve the craft beverage community and our conviction in the future growth of cans!”

Ms. Sopcic said Broadtree Partners will support CanSource’s long-term ambitions. “We plan to continue growing the business and team, with an emphasis on serving new markets and delivering more value to our current and future customers,” Ms. Sopcic added.

CanSource founders, Pat Hartman and Ron Popma, will advise CanSource as part of the Board of Directors. They will also be focused on growing the other businesses they’ve founded, Vertical Distilling and Vertical Wineries, contract beverage manufacturers for canned ready-to-drink and wine products.

About Broadtree Partners
Broadtree Partners is a private equity firm consisting of entrepreneurial investors focused on acquiring and growing lower-middle market businesses. For more information, visit www.broadtreepartners.com.

About CanSource
CanSource is a can supply solution for the craft beverage space. With four production facilities located strategically across the nation, CanSource delivers Just Enough and Just in Time inventories for craft beverage producers. For more information, visit www.cansource.com or follow the company on Instagram @CanSourceCo

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Broadtree Partners Announces Strategic Investment in RedCAT Systems

Today, Broadtree Partners, a private equity firm focused on acquisitions in the middle markets, announced an investment in RedCAT Systems a human resources software as a service provider. This strategic investment by Broadtree Partners was completed on May 31, 2019, and was the fourth investment for the firm. The investment is intended to help our portfolio company scale its operations organically.

Strategic Investment

The strategic investment by Broadtree Partners is intended to help this company grow its organization through scaling its internal team and its sales organization, as well as enabling the team to continue to offer new value-added modules to its existing platform.

About Broadtree Partners

Broadtree Partners is a group of entrepreneurial investors focused on acquiring businesses looking invest in long term growth. Broadtree specializes in providing options for owners to smoothly exit their companies if desired with seamless change in leadership and at the same time ensuring each company reaches their full potential. This is facilitated by our Operating Partners, who work with owners throughout the process and transition to running the day-to-day operations after an acquisition.

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Broadtree Partners Announces Strategic Investment in Management Services Organization

Today, Broadtree Partners, a private equity firm focused on acquisitions in the middle markets, announced an investment in a management services organization (MSO). This strategic investment by Broadtree Partners was completed in April, 2019, and was the third investment for the firm. The investment is intended to help our portfolio company scale its operations both organically and inorganically.

Strategic Investment

The strategic investment by Broadtree Partners is intended to help this company, a MSO, grow its organization through targeted growth acquisitions, the continued move to value-based care, and streamlining of revenue cycle management.

About Broadtree Partners

Broadtree Partners is a group of entrepreneurial investors focused on acquiring businesses looking invest in long term growth. Broadtree specializes in providing options for owners to smoothly exit their companies if desired with seamless change in leadership and at the same time ensuring each company reaches their full potential. This is facilitated by our Operating Partners, who work with owners throughout the process and transition to running the day-to-day operations after an acquisition.

Image credit: Flickr

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Broadtree Partners Announces Strategic Investment in ListEngage

In July, 2018, Broadtree Partners announced an investment in ListEngage. This strategic investment is intended to help the company, an award-winning Salesforce consulting partner, grow its organization to enable it to provide not only more services to its existing customers, but also to service more Salesforce customers on their path of digital transformation. The investment is intended to help the company scale its operations and provide management support to realize the growth potential of the industry.

ListEngage

The strategic investment by Broadtree Partners is intended to help this ListEngage, a Salesforce certified expert, grow its organization to enable it to provide not only more services to its existing customers, but also to deepen its relationship with Salesforce to allow it to serve more Salesforce customers with their integrations and with their strategic marketing campaigns.

About Broadtree Partners

Broadtree Partners is a group of entrepreneurial investors focused on acquiring businesses looking invest in long term growth. Broadtree specializes in providing options for owners to smoothly exit their companies if desired with seamless change in leadership and at the same time ensuring each company reaches their full potential. This is facilitated by our Operating Partners, who work with owners throughout the process and transition to running the day-to-day operations after an acquisition.

Arwood Waste Logo

Broadtree Partners Announces Investment in Arwood Waste

Jacksonville, FL: Today, Broadtree Partners, a private equity firm focused on acquisitions in the middle markets, announced that they have completed a significant investment in Arwood Waste, a Jacksonville, Florida-based site services business. Arwood Waste provides temporary and permanent disposal, garbage collection, demolition, portable sanitation, and storage rental services across the United States and Canada.

About Arwood Waste

The Arwood family built Arwood Waste on the foundation of hard work, faith-based values, honesty, and humility. As a result, Arwood Waste became known for its dependability and the company’s innovative ideas drove positive change within the industry. The Arwood family is passionate about serving the waste space and have personally fund several initiatives such as National Garbage Man Day and Recycle Guide.

In 1997, seeing the potential of the internet as a tool for future business growth, Arwood Waste launched its first website. In 2004, Arwood Waste began establishing a nationwide network of waste management and portable sanitation companies. Today, Arwood Waste is one of the largest waste management companies in North America, serving thousands of customers in the residential, construction and industrial sectors with a focus on mid-sized and local accounts.

Strategic Investment

The strategic investment by Broadtree Partners is intended to help Arwood Waste invest in technology, grow its footprint with vendors, and expand its offerings to not only its existing customers, but also new customers as well. Through the investment Arwood Waste will look to increase its footprint in many of the largest regions of the United States and Canada. Arwood Waste will also look to add more national, regional, and local accounts into its network and increase the product and service offerings currently available.

CEO Comments

Sean Mahon will join Arwood Waste as the CEO. According to Sean,

“I am impressed by how Arwood Waste has consistently shown itself to be an early adopter of digital innovations and apply technology to the waste industry. I am extremely excited to have the opportunity to join its founder, John Arwood, and work together with him to continue to build upon Arwood Waste’s reputation for customer service and to help grow the company.”

About Broadtree Partners

Broadtree Partners is a group of entrepreneurial investors focused on acquiring businesses looking invest in long term growth. Broadtree specializes in providing options for owners to smoothly exit their companies if desired with seamless change in leadership and at the same time ensuring each company reaches their full potential. This is facilitated by our Operating Partners, who work with owners throughout the process and transition to running the day-to-day operations after an acquisition.

Please visit www.arwoodwaste.com to see all our offerings. If you would like to learn about how you can partner with arwoodwaste.com please contact us at team at arwoodwaste dot com.

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About Us

Broadtree Partners is a group of entrepreneurial investors focused on acquiring businesses where the owners are looking to transition from their current roles. We specialize in providing opportunities for owners to smoothly exit their companies and seamlessly change leadership, while preserving their legacy. 

This is facilitated by our Operating Partners, who work with owners throughout the process and transition to running the day-to-day operations after an acquisition.

 

 

The information on this site is intended solely for the benefit of firms and companies seeking private equity investment capital by providing general information on our services and philosophy. The material on this site is for informational purposes only and does not constitute an offer or solicitation to purchase any investment solutions or a recommendation to buy or sell a security nor is it to be construed as legal, tax or investment advice. Unless otherwise indicated, any information available through this site is as of the date indicated therein and may not be updated or otherwise revised to reflect information that subsequently becomes available. Broadtree Partners is under no obligation to update the information contained on this site. Additionally, the material on this site does not constitute a representation that the solutions described therein are suitable or appropriate for any person and Broadtree Partners does not accept any liability with respect to the information. By using this site you agree to this disclaimer.

Contact Info

Broadtree Partners, LLC
101 S. Tryon Street, Suite 2700
Charlotte, NC 28280

 

Dallas Office
2828 Lemmon Ave E #1140
Dallas, TX 75204

 

(704) 228-1262

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