BGL Announces the Sale of Edsal Manufacturing to Monomoy Capital Partners

Chicago – Brown Gibbons Lang & Company (BGL) is pleased to announce the sale of Edsal Manufacturing Company, Inc. (Edsal) to an affiliate of Monomoy Capital Partners (Monomoy). BGL’s Consumer & Retail and Metals & Metals Processing teams served as the exclusive financial advisor to Edsal. Terms of the transaction were not disclosed.

Positive trends in the domestic housing and remodel markets present Edsal and its investors with positive tailwinds. Spending on home environment products is highly correlated with disposable income and consumer confidence and these measures have returned to sustained high levels. Further, urbanization and growth of the 65+ population will drive demand for organizational and storage items as the US population ages, people live in smaller homes and apartments and the ability to efficiently utilize space is at a premium.

Speaking on behalf of the shareholders of Edsal, Bruce Saltzberg commented, “BGL did a fantastic job assisting Edsal in finding the right partner in Monomoy to continue our mission of serving our customers with innovative storage systems at competitive prices. We are confident this transaction will greatly benefit our company, our employees and our customers.”

Edsal manufactures, sources and distributes branded and private label storage products for garages, tool sheds and basements. The company is the market leader in residential steel shelving sold through the home improvement, big box and mass retail channels with a growing presence in eCommerce sales. Edsal also manufactures steel cabinets and lockers for homes and small businesses; industrial racking products and free-standing tool boxes; and a variety of related products for garage and basement organization. The Company operates 14 facilities in Illinois, Indiana, Pennsylvania, Tennessee, California and China and currently employs over 1,000 team members.

Monomoy Capital Partners is an operationally focused New York-based private equity firm with $1.5 billion in committed capital in a family of private equity funds. Monomoy Capital Partners is focused on investing in middle market companies with revenue between $100 million and $700 million and has acquired over 40 companies since its founding in 2005. For more information on Monomoy, please visit www.mcpfunds.com.