Builtrite Handler line under new ownership

The Chicago-based private equity firm TJM Capital Partners has announced the acquisition of Builtrite Handlers from Northshore Manufacturing, Two Harbors, Minnesota.

 

According to a news release from Builtrite and TJM, the business will now operate under the name Builtrite Manufacturing and “will continue to design and manufacture the brand’s market-leading material handler and attachment products.” Administrative and manufacturing operations will remain in Two Harbors in a facility leased from Northshore.

 

Builtrite Manufacturing’s management team includes Tom Cavallin, who recently assumed the role of president and CEO; and Uwe Kausch, who has been appointed senior vice president of sales and marketing. Bill Van Sant will serve as executive chairman of the company’s board of directors. Northshore founder John Anderson will be retained as a consultant to Builtrite Manufacturing.

 

“TJM Capital Partners and its investors are particularly pleased to have the opportunity to acquire Northshore’s Builtrite Handler business,” says Van Sant. “One of the many benefits that will result from this change in Builtrite’s ownership is the availability of growth capital to support the company’s plan to grow and build value for all stakeholders, and most importantly, its base of loyal customers,” he adds.

 

Builtrite is exhibiting at the 2015 Institute of Scrap Recycling Industries Inc. (ISRI) Annual Convention in Vancouver in April and at 2015 WasteExpo in Las Vegas in June.