Berwind completed the acquisition of Maxcess from Bertram.

Berwind, a provider investment management services, completed the acquisition of Maxcess, a manufacturer of systems and equipment for web-handling applications, from Bertram. Financial terms were not disclosed. "The sale of Maxcess is a prime example of Bertram's ability to drive and successfully implement our High Five investment strategy. Through selective and accretive acquisitions and execution of a well-defined value creation plan, Bertram built a powerful industry leader. I would like to specifically recognize Bertram's Industrial Team, led by Kevin Yamashita, Tim Heston, Cory Landerfelt, and Soraya Hoberman. We successfully built a global market leader by supporting the vision and tireless work of the Maxcess management team. Our technology specialists at Bertram Labs succeeded in developing end-to-end solutions for Maxcess that improved operational efficiencies and opened pathways for significant future growth," Jeff Drazan, Bertram Capital Managing Partner.