Bradford Equities Management has sold Professional Plumbing Group to Dunes Point Capital
Lincoln International (“Lincoln”), a leading global mid-market investment bank, is pleased to announce that Professional Plumbing Group, Inc. (“PPG” or the “Company”) has been sold to Dunes Point Capital (“Dunes Point”), a private equity firm based in Rye, New York. PPG is the parent company of two legendary brands operating in the plumbing supply industry: Wolverine Brass and PlumbMaster. PPG was a portfolio company of Bradford Equities Management (“Bradford”), a private equity firm based in White Plains, New York. The terms of the transaction were not disclosed.
Wolverine Brass, which was founded in 1896, manufactures branded, high quality plumbing products and sells them directly to professional plumbers and tradesmen throughout the United States. PlumbMaster, founded under a predecessor name in 1932, distributes an array of high quality plumbing fixtures and fittings to the institutional and repair plumbing markets throughout the United States.
Lincoln International acted as the exclusive financial advisor to Bradford and PPG, working closely with the management team and shareholders throughout the sale process. This included providing advisory expertise and managing the preparatory, marketing, negotiation and due diligence phases of the transaction.
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