Estex Joins Shorehill Capital's Portfolio
Deal News | Feb 25, 2025 | Shorehill Capital LLC
Shorehill Capital LLC has acquired Estex Manufacturing Company Incorporated, a leading manufacturer based in Fairburn, Georgia, known for its industrial sewn products. The acquisition, concluded in late 2024, sees Estex, founded in 1900, transitioning from its roots as a horse and buggy product manufacturer to a forefront provider in utility, airline, and military markets. With a legacy in power utility products dating back to the 1940s, Estex now delivers over 4,000 quality products. Shorehill announced the deal with enthusiasm, emphasizing collaboration with Estex's management under President Mike Scott to drive growth and innovation. Key strategic goals include increasing manufacturing capacity and enhancing efficiency. Fidus Investment Corporation financed the deal, while Katten Muchin Rosenman LLP acted as Shorehill’s legal advisor. Estex is looking to further expand through acquisitions, inviting interest from business owners and M&A intermediaries.
Sectors
- Manufacturing
- Private Equity
- Utilities
Geography
- United States – Both Shorehill Capital and Estex Manufacturing are based in the United States, with Estex located in Fairburn, Georgia.
- Georgia – Estex Manufacturing is based in Fairburn, Georgia, where it operates its manufacturing business.
Industry
- Manufacturing – Estex Manufacturing operates in the manufacturing sector, producing industrial sewn products for various sectors, including utilities and airlines.
- Private Equity – Shorehill Capital is a private equity firm involved in the acquisition of Estex Manufacturing as part of its portfolio expansion strategy.
- Utilities – Estex is heavily involved in the utility industry, providing products such as tool bags and safety equipment.
Financials
- Not disclosed – The financial terms of the transaction between Shorehill Capital and Estex Manufacturing were not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Estex Manufacturing Company Incorporated | Target Company | Company | Estex is a manufacturer and supplier of industrial sewn products, primarily serving the utility sector as well as the airline and military markets. |
| Shorehill Capital LLC | Bidding Company | Company | Shorehill is a private equity firm based in Chicago that has acquired Estex Manufacturing to expand its portfolio. |
| Fidus Investment Corporation | Financing | Company | Fidus Investment Corporation provided financing for the acquisition of Estex by Shorehill. |
| Katten Muchin Rosenman LLP | Legal Advisor | Company | Katten Muchin Rosenman LLP provided legal advisory services to Shorehill Capital for the transaction. |
| Mike Scott | President of Estex | Person | Mike Scott is the President of Estex Manufacturing, responsible for leading the company post-acquisition. |
| Robert Jackson | Managing Director at Shorehill Capital | Person | Robert Jackson is a Managing Director at Shorehill Capital, involved in the Estex acquisition. |
| Rob Hogan | Related to Acquisitions | Person | Rob Hogan is associated with Estex and related to acquisition opportunities post-acquisition by Shorehill. |