BBH Capital Partners Invests in Wolter Inc.

February 09, 2024
  • Capital Partners
Strategic Growth Investment from BBH Capital Partners

NEW YORK, February 9, 2024 – BBH Capital Partners (BBHCP), the private equity strategy of Brown Brothers Harriman & Co. (BBH), today announced that it has completed a minority equity investment in Wolter Holdings, LLC (Wolter or the Company). Terms of the transaction were not disclosed. Founded in 1962 and headquartered in Brookfield, WI, Wolter is family-owned and operated regional dealer and servicer of mission-critical new and used material handling and industrial productivity equipment. Wolter is known for its dedication to enhancing productivity, safety, and efficiency within the operations of its clients across its extensive network of facilities.

Regarding the newly formed partnership, Wolter’s President, Jerry Weidmann, commented, “The partnership with BBHCP has empowered us with the capital necessary to broaden our acquisition strategy and enhance our facilities. BBHCP’s involvement will also bring additional expertise to our board, further assisting us in our growth endeavors.”

Patrick Kruczek, Principal of BBH and Co-Manager of BBHCP added, “We appreciate the opportunity to partner with Otto Wolter, his family members, and the Wolter management team. What they have accomplished over the past 60 years is truly remarkable, and we are excited to support the company through the next chapter of their long-term growth strategy.”

“The reshoring of manufacturing and industrial activity in the U.S., combined with innovation and increasing investments in manufacturing technology and automation, create attractive tailwinds for businesses like Wolter. We look forward to working with Jerry and the rest of the Wolter team as they continue to expand the business.” added Matt Salsbury, Principal of BBH and Co-Manager of BBHCP.

Baird served as exclusive financial advisor to Wolter in this transaction.

About Wolter, Inc.

Wolter, Inc. (Wolter) is a family-owned and operated company offering new and used material handling equipment, service and training to robotics and automation, overhead cranes and hoists, standby power and generators, railcar movers, storage solutions, complete engineered systems, and more. Wolter has a highly trained staff of over 590 employees and serves more than 25,000 industrial, construction, and commercial customers in Wisconsin, Upper Michigan, Indiana, Illinois, Ohio, Kentucky, and Missouri. For more information, visit www.wolterinc.com

About BBH Capital Partners

BBH Capital Partners (BBHCP), a private equity strategy of Brown Brothers Harriman & Co., provides friendly capital solutions to growth-oriented middle-market companies. Our flexible investment mandate gives us the ability to act as a control or non-control investor and to structure our investments as a combination of equity and subordinated debt securities as needed. BBHCP targets platform investments between $40 million and $150 million. Our capital is used to support a variety of transactions, including management or leveraged buyouts, growth financings, recapitalizations, buy-and-build strategies, and acquisitions.

Brown Brothers Harriman & Co. (“BBH”) may be used to reference the company as a whole and/or its various subsidiaries generally. This material and any products or services may be issued or provided in multiple jurisdictions by duly authorized and regulated subsidiaries. This material is for general information and reference purposes only and does not constitute legal, tax or investment advice and is not intended as an offer to sell, or a solicitation to buy securities, services or investment products. Any reference to tax matters is not intended to be used, and may not be used, for purposes of avoiding penalties under the U.S. Internal Revenue Code, or other applicable tax regimes, or for promotion, marketing or recommendation to third parties. All information has been obtained from sources believed to be reliable, but accuracy is not guaranteed, and reliance should not be placed on the information presented. This material may not be reproduced, copied or transmitted, or any of the content disclosed to third parties, without the permission of BBH. All trademarks and service marks included are the property of BBH or their respective owners.© Brown Brothers Harriman & Co. 2024. All rights reserved. PB-07128-2024-02-08

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