Estex Welcomes New Chapter with Shorehill Capital Acquisition
Deal News | Feb 25, 2025 | Shorehill Capital LLC
Shorehill Capital LLC has announced the acquisition of Estex Manufacturing Company Incorporated, a manufacturer based in Fairburn, Georgia, which joined its portfolio in late 2024. Estex, founded in 1900, specializes in industrial sewn products serving sectors such as utilities, airlines, and government/military. The company's president, Mike Scott, highlights a legacy of trust, quality, and growth under this new partnership. Shorehill, led by Managing Director Robert Jackson, aims to enhance Estex's manufacturing capacity, efficiency, and growth potential. The transaction was financed by Fidus Investment Corporation with legal advisory from Katten Muchin Rosenman LLP. Although specific terms were undisclosed, Estex is seeking further acquisitions, marking a future-focused strategy for expansion.
Sectors
- Manufacturing
- Private Equity
- Utilities
- Aerospace and Defense
Geography
- United States – The main country of operation for Estex Manufacturing and Shorehill Capital, as well as the market for the acquisition.
- Georgia – Specific state where Estex Manufacturing is based (Fairburn, Georgia).
Industry
- Manufacturing – The primary focus of Estex Manufacturing Company, involved in producing industrial sewn products.
- Private Equity – Shorehill Capital operates within the private equity sector, investing in and acquiring companies like Estex Manufacturing.
- Utilities – Estex Manufacturing serves the utility sector by providing specialized products like tool bags and safety gear.
- Aerospace and Defense – Estex also supplies products to the airline and government/military markets, aligning it with aerospace and defense industries.
Financials
- Undisclosed – The financial terms of Shorehill Capital's acquisition of Estex Manufacturing were not revealed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Estex Manufacturing Company Incorporated | Target Company | Company | A manufacturer of industrial sewn products based in Fairburn, Georgia, serving utility, airline, government/military, and sports markets. |
| Shorehill Capital LLC | Bidding Company | Company | A Chicago-based private equity firm that recently acquired Estex Manufacturing. |
| Fidus Investment Corporation | Financier | Company | Provided financing for the transaction between Shorehill Capital and Estex Manufacturing. |
| Katten Muchin Rosenman LLP | Legal Advisor | Company | Served as the legal advisor to Shorehill Capital during the acquisition. |
| Mike Scott | President of Estex | Person | Leader of Estex Manufacturing, continuing to steer the company under new ownership. |
| Robert Jackson | Managing Director at Shorehill Capital | Person | Involved in managing the acquisition and strategic oversight for Estex under Shorehill. |
| Rob Hogan | Contact Person | Person | Point of contact for acquisition opportunities related to Estex. |