Deal radar ·
Branford Castle buys turf-nutrition maker Floratine as first Fund III deal
Specialty plant nutrition
Lower-middle-market PE firm Branford Castle Partners has acquired Floratine Products Group, a Tennessee maker of specialty plant-nutrition products for golf courses, sports turf and agriculture, as the first deal of its Fund III.
News: A first platform deal from a new LMM fund, backed by senior and mezzanine debt, in a niche turf inputs market.
Why it matters: Branford Castle plans growth through new products, deeper distributor ties and possible expansion, with Marubeni named as a strategic partner.
Radar: Watch for add-ons in turf and plant nutrition under Floratine. Deal value was not disclosed.
People involved
- Kevin Cavanaugh – Management.
- Mike Cavanaugh – Management.
- Ceon Francis – Buyer.
- John S. Castle – Buyer.
A name here does not mean that person signed the purchase agreement.
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