Tuesday, October 19, 2021

Behrman Capital to Promote Portfolio Firm Pelican Merchandise to Platinum Fairness

Printed: Oct. 19, 2021 at 6:30 AM CDT|Up to date: 26 minutes in the past NEW YORK, Oct. 19, 2021…

By Staff , in Platinum , at October 19, 2021

Printed: Oct. 19, 2021 at 6:30 AM CDT|Up to date: 26 minutes in the past

NEW YORK, Oct. 19, 2021 /PRNewswire/ — Behrman Capital, a non-public fairness funding agency based mostly in New York, at present introduced that it has reached a definitive settlement to promote its portfolio firm Pelican Merchandise, Inc. (the “Firm”), together with the Peli BioThermal division, to Platinum Fairness. Monetary phrases of the transaction weren’t disclosed.

Headquartered in Torrance, California, Pelican Merchandise is a worldwide producer of extremely engineered protecting instances and lighting merchandise for all kinds of client, industrial, industrial, bio-pharmaceutical, and authorities finish markets. Its Peli BioThermal division provides the widest vary of temperature-controlled, thermally-protected packaging and repair options to the worldwide life sciences business. Over its 45-year historical past, the Firm has established its market management with a complete portfolio of high-value, mission-critical options for each type of use, in addition to a deep dedication to offering prospects all over the world with high quality services and products.

Grant G. Behrman, Managing Accomplice of Behrman Capital, stated: “Pelican has been an distinctive funding for Behrman, and we’re very pleased with our function in driving the Firm’s business management and worth creation story. Underneath our 17 years of possession, Pelican has accomplished quite a few strategic acquisitions, pioneered progressive new merchandise together with temperature-controlled packaging options, and expanded its footprint globally. We commend Phil and the group for his or her glorious work main Pelican’s growth efforts and have each confidence the Firm is poised for continued success.”

Phil Gyori, President and CEO of Pelican Merchandise, stated: “We’re very grateful to Behrman Capital for his or her help and partnership since their preliminary funding in 2004. The Behrman group’s experience and assets have been invaluable as Pelican has pursued our technique to be the worldwide main safety options firm. We imagine Pelican at present is effectively positioned to drive worthwhile development for the good thing about our group and prospects all over the world, and we sit up for embarking on this subsequent chapter of development underneath Platinum’s possession.”

The transaction is anticipated to be accomplished by the top of this yr. Credit score Suisse served as unique monetary advisor and Latham & Watkins LLP served as authorized counsel to Pelican Merchandise. Gibson Dunn & Crutcher LLP is offering authorized counsel and Willkie Farr & Gallagher LLP is offering debt financing counsel to Platinum Fairness. BofA Securities is the lead underwriter for the debt financing.

About Behrman Capital
Based mostly in New York Metropolis, Behrman Capital was based in 1991 by Grant G. and Darryl G. Behrman. The agency invests in administration buyouts, leveraged buildups and recapitalizations of established development companies. The corporate’s investments are centered in three industries: protection and aerospace, healthcare providers, and specialty manufacturing and distribution. The agency has raised $3.5 billion since inception and is presently investing out of its sixth fund. For extra data, please go to www.behrmancap.com.

About Pelican Merchandise and Peli BioThermal
Pelican Merchandise, Inc. is the worldwide chief within the design and manufacture of high-performance protecting instances, temperature-controlled packaging options, superior transportable lighting techniques and rugged gear for professionals and outside fanatics. Their merchandise are utilized by professionals in probably the most demanding markets together with fireplace security, regulation enforcement, protection / army, aerospace, leisure, industrial and in quite a few outside markets. Pelican™ merchandise are designed and constructed to final a lifetime. The corporate operates in 25 international locations, with 23 worldwide gross sales workplaces and twelve manufacturing amenities across the globe. In Europe, the corporate does enterprise underneath the identify Peli Merchandise, S.L.U.

Peli BioThermal is a division of Pelican Merchandise, Inc., providing the widest vary of temperature managed packaging and repair options to the worldwide life sciences business. The division is the recipient of two Queen’s Awards for Enterprise: Worldwide Commerce in 2018 and Innovation in 2017. The division’s merchandise be sure that delicate organic supplies arrive intact and efficient, regardless of exterior environments. Peli BioThermal is devoted to creating progressive merchandise designed to fulfil the advanced wants of the worldwide life sciences business. The division’s prospects profit from its intensive experience in making certain that temperature stability is maintained all through the distribution chain. The division additionally provides an entire portfolio of providers and software program to help end-to-end temperature-controlled packaging asset administration.

For extra data, go to www.pelican.com or www.pelibiothermal.com.

Ross Lovern / Daniel Hoadley
Kekst CNC
[email protected] / [email protected]

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SOURCE Behrman Capital

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