OBBCO Safety and Supply Partners with Boathouse Capital and Agincourt Capital Partners for Next Phase of Growth
July 11, 2013
Boathouse Capital of Wayne, PA and Agincourt Capital Partners of New York, NY are delighted to announce that they have made a growth capital investment alongside management in OBBCO Safety and Supply of Chesapeake, VA.
Founded in 1983, OBBCO designs and distributes personal safety equipment to customers predominantly in southeastern Virginia engaged in the shipbuilding, utility and consumer industries. The Company offers a wide ranging product line that includes basic protective necessities such as gloves, hats and glasses as well as more complex items like fire retardant suits and fall protection gear.
Mike Bryant, CEO and co-founder of OBBCO, said, “With the closing of this investment, OBBCO is poised to take on a new phase of growth with existing and new customers. We look forward to continuing to provide our customers with outstanding products and services as well as leveraging the support of our new capital partners to expand our capabilities.”
Steve Gord, Partner at Boathouse Capital, added, “Mike has done a tremendous job building outstanding customer relationships that go back, in some cases, decades. OBBCO is exactly the kind of specialized niche business we look for, and we are proud to be partners in the Company’s growth going forward.”
Andrew Spence, Managing Partner at Agincourt Capital Partners, said, “When we met Mike Bryant, we knew we had found a talented leader; Mike’s reputation with his customers and within the safety products industry is second to none. OBBCO’s customers find the regulatory knowledge and product expertise that OBBCO provides, along with its superior delivery and service, to be unsurpassed. We are enthusiastic about supporting the Company’s growth.”
Boathouse’s and Agincourt’s investment will enable OBBCO to add additional sales and administrative personnel as well as move into a larger facility adjacent to their current site.