Announced
Financials
Tags
heavy machinery
Pending
Acquisition
Friendly
United States
Private
baling wire
Machinery: Specialty
Minority
Private Equity
Single Bidder
Synopsis
Crossplane Capital, a Dallas-based private equity firm, agreed to invest in Accent Family of Companies, the value-added distributor of baling wire, wire ties and wire tier machines into the waste and recycling industries. Financial terms were not disclosed. "Our family and the Accent management team are excited to enter into this new partnership with Crossplane Capital. Accent has a number of avenues to continue growing, and we believe Crossplane is the ideal financial and operational partner to work alongside us during our next phase of growth. Crossplane understands our unique culture and the importance of investing in people and infrastructure to be a market leading industrial distribution company," Bill Sims, Accent CEO.
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