Belfans Technologies Acquired by David Bart in Strategic Sale
Deal News | Jan 06, 2025 | EIN
Belfans Technologies, renowned for its innovative portable fly-repellent fans, has been acquired by David Bart in a strategic transaction carried out by Website Closers. The company, founded by Tim Krull, offers a product that cleverly uses holographic dots on fan blades to create light patterns that keep insects away, providing a chemical-free solution for outdoor activities. Eric Pittman from Website Closers facilitated the successful sale, highlighting the growing demand for eco-friendly outdoor leisure products. Tim Krull expressed satisfaction with the sale and optimism about the company’s future under David Bart's leadership. David Bart plans to expand the brand’s reach globally, building on the solid foundation established by Krull.
Sectors
- Consumer Goods - Outdoor Equipment
- Technology - Consumer Electronics
- Mergers & Acquisitions
Geography
- United States – The companies and participants involved in the transaction, including Belfans Technologies and Website Closers, operate within the United States.
Industry
- Consumer Goods - Outdoor Equipment – Belfans Technologies is involved in the creation and sale of outdoor leisure products, specifically portable fans designed to repel insects during outdoor activities.
- Technology - Consumer Electronics – The company's fly-repellent fans incorporate a unique technology using holographic dots to create insect-deterring patterns, which places it within the consumer electronics sector.
- Mergers & Acquisitions – The article discusses the acquisition process facilitated by Website Closers, emphasizing the role of M&A in business expansion and succession.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Belfans Technologies | Target Company | Company | A company known for its portable, insect-repellent fans designed for outdoor use. |
| Tim Krull | Selling Company | Person | The founder and previous owner of Belfans Technologies. |
| David Bart | Bidding Company Buyer | Person | The new owner of Belfans Technologies. |
| Website Closers | M&A Advisor | Company | The world's largest Technology and Internet-focused Business Brokerage firm that facilitated the acquisition. |
| Eric Pittman | Broker | Person | The broker at Website Closers who facilitated the deal. |