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GenNx360 Capital Partners Supports Salford Group Inc. in Acquisition of BBI Spreaders
Supported by GenNx360 Capital Partners, Salford Group Inc. (“Salford”), a manufacturer of tillage, seeding and fertilizer application equipment, acquired BBI Spreaders (“BBI”), a leading manufacturer of precision dry material applicators for the agriculture, construction, and golf industries. The transaction closed on October 2, 2014.
“BBI is a great fit for us because they come to the market with the same philosophy as Salford, which is to create simple, durable equipment with innovations that improve the profitability of farm businesses,” says Geof Gray, President of Salford. “By adding the strengths and expertise of BBI to Salford, we’ll be able to offer even more innovative products that improve productivity of field operations,” he added.
The two company’s equipment lines are complementary to one another and allow each business to reach new markets. In addition to the larger product offering, both companies gain access to new sales territories and will strengthen their network of hundreds of farm equipment dealerships across the United States, Canada and overseas. Their engineering departments will collaborate on new product development initiatives to leverage each business’ unique strengths and manufacturing capabilities.
“This acquisition represents the latest step towards aggressively expanding Salford’s market presence through product and geographic expansion. We are very excited to support Salford in this acquisition and look forward to continuing to grow the company,” stated Matt Guenther, Partner at GenNx360.
About GenNx360 Capital Partners
For more information about GenNx360, please visit: www.gennx360.com
About Salford Group, Inc.
About BBI Spreaders
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