Horizon Bradco Delivers Hamilton Robinson's
Latest Acquisition to the Check-Out Line
June 22, 2015 - Schenectady, New York
Horizon Bradco, a portfolio company of Hamilton Robinson Capital Partners Fund III, has acquired Burke Food Equipment, Inc. The acquisition brings together two strategically aligned businesses to better support supermarkets and other customers in the region. The acquisition provides Horizon Bradco with a physical location in South Carolina and an expanded service network.
"The acquisition of Burke Food Equipment is the second add-on acquisition completed by Horizon Bradco since HRCP's initial investment. Not only does it enhance our food equipment solutions and expertise to the supermarket industry, but it is also testament to our investment thesis of Horizon as a platform for both organic and acquired growth," stated Chris Lund, Partner at Hamilton Robinson.
"We are very excited to be joining the Horizon Bradco team and are confident that existing and prospective customers will recognize the benefits brought about by combining our resources and talent. Horizon Bradco is highly respected in the market and the perfect partner to drive growth in the Southeast," said J.D. Burke, President, Burke Food Equipment.
Mark Panozzo, CEO, Horizon Bradco commented, "J.D. Burke has built a thriving business in the Carolinas and beyond, providing equipment and service solutions to the supermarket industry. With a shared commitment to providing equipment, installation and service, we are confident that the business combination will deliver greater value to customers in the Southeast. The acquisition follows other recent investments including a facility in South Florida and the Foley & Wallace acquisition in Massachusetts."
ABOUT HORIZON BRADCO
Horizon Bradco is a leading food equipment solutions and service provider to the supermarket, meat processing, bakery and food commissary markets. Founded in 1987, the company is headquartered in Schenectady, New York with additional office locations in Massachusetts, South Carolina, and Florida.
ABOUT HAMILTON ROBINSON
Hamilton Robinson Capital Partners was founded in 1984 to invest directly in small, privately held manufacturing, distribution and service businesses. The firm has maintained its singular focus on this dynamic market to become a valued resource for equity capital and growth strategies for small businesses. Based in Stamford, CT, the firm has completed over $1.3 billion in transactions supporting 42 companies. Investors include leading financial institutions, funds, family offices, and individuals in the United States and Europe.