Somera Private Equity LLC (“Somera”), alongside strategic partner Entrepreneurial Equity Partners (“e2p”), announced today that it has, through a new holding company vehicle Gardian Holdings LLC (“Gardian”), acquired a majority stake of the underlying entities that develop and manufacture Ty-Gard® and Shock-Gard® products. Somera and e2p will partner with the business’ existing owner, Matthew Bullock, to accelerate growth, continue innovative product development, and maintain leading service to Gardian’s customer base, composed mainly of Fortune 500 companies.
“We are thrilled to partner with Matthew and the Gardian team to bring innovative cargo securement technologies to customers focused on optimizing their logistics in a safe and responsible manner,” said Eric Hauser, Managing Partner of Somera. “We intend to leverage our deep and industry-relevant networks to support Gardian’s exciting growth potential, while continuing the outstanding product and service quality the Company has achieved to-date.”
Bullock, who will retain a significant equity stake and remain as the company’s CEO, added, “Over the last 50 years, our mission has always been to leverage patented technology to prevent damage and improve safety in the workplace. This partnership allows us to remain focused on what we are passionate about, delivering the quality products and service we are known for, as we scale and pursue exciting growth avenues. It has been a privilege to serve this industry throughout my career, and we look forward to this next chapter.”
PSP Capital Partners (“PSP”) have also acquired a minority stake in the business, bringing tremendous strategic value and industry experience to Gardian.
Mayer Brown LLP acted as legal counsel for e2p.