BV Investment Partners Announces Investment In C.F. Stinson

BOSTON — June 22, 2016 — BV Investment Partners — a middle-market private equity firm focused on the information business services and communications sectors — today announced that it has made a sizable investment in C.F. Stinson, a tech-enabled designer and marketer of textiles to the commercial interiors industry. BV is investing in partnership with Keith and Glenn Stinson, the third generation of family ownership. Keith and Glenn will continue to run the business and maintain a significant ownership interest in the company.

Founded in 1952 and based in Rochester Hills, Mich., Stinson is a leading tech-enabled and value-added designer and marketer of fabric to the commercial interiors industry. Central to its business and its success, Stinson leverages a patented, tech-enabled sample system developed by its wholly owned subsidiary, Sample Technologies. This system allows customers at all levels of the supply chain to easily access Stinson’s fabrics and order samples which is integral to the  design and specification process across multiple market segments.

Andrew C. Davis, Managing Director of BV, said, “Stinson is the Fund’s third investment with a tech-enabled distribution theme and has a number of attractive characteristics that align well with BV’s investment strategy and philosophy.  The Company is mission critical to its suppliers and customers, uniquely positioning it within the textile supply chain.  Furthermore, Stinson serves diverse commercial markets including the attractive hospitality and healthcare industries, with a substantial percentage of its business derived from the growing demands of the U.S. healthcare delivery industry.  We are thrilled with this opportunity to invest in an exceptional business and partner with industry veterans and true domain experts, Keith and Glenn.”

Keith Stinson, president and CEO, said: “As third-generation family owners, my brother and I were careful in selecting a financial partner that aligns with our culture, values and vision for the future. It is clear to us we have found this in BV and we look forward to collaborating with the BV team to continue to accelerate the growth of C.F. Stinson.”

Glenn Stinson, vice president and COO, added: “BV has experience within the tech-enabled distribution segment and has a long and successful track record of working with market leading firms. We are looking forward to the next phase of Stinson’s growth in partnership with BV and we are confident the BV team will help us continue to better serve our customers, suppliers and employees.”

Sean Wilder, principal, BV, said: “Stinson has a very strong brand and reputation in its industry, established over the course of several decades. We are honored and thrilled to be partnered with Keith, Glenn and the rest of the Stinson team to help build upon Stinson’s strong legacy and success to date. Stinson is a pioneer and leader when it comes to leveraging data and technology to efficiently and reliably deliver best-in-class services.  BV’s successful investments in ECRM and Plasco ID represent B2B, software-driven businesses that we have helped grow exponentially, both organically and through acquisition, and we look forward to pursuing and accomplishing similar results with C.F. Stinson.”

Posted June 22, 2016

Source: BV Investment Partners