A Stamford-based private equity firm has raised $27.1 million to help fund the growth of one of its portfolio companies. Hamilton Robinson Capital Partners raised the funds to partially finance an acquisition by Sani-Matic, a portfolio company that makes automated cleaning equipment for the food, beverage, pharmaceutical and personal care sectors. Wisconsin-based Sani-Matic, which Hamilton […]
A Stamford-based private equity firm has raised $27.1 million to help fund the growth of one of its portfolio companies.
Hamilton Robinson Capital Partners raised the funds to partially finance an acquisition by Sani-Matic, a portfolio company that makes automated cleaning equipment for the food, beverage, pharmaceutical and personal care sectors.
Wisconsin-based Sani-Matic, which Hamilton Robinson acquired in 2022, announced earlier this month it acquired Douglas Machine, a Florida-based manufacturer of automated cleaning systems for the food, beverage and pharmaceutical industries.
“We saw the opportunity to combine their services to expand the portfolio company’s offerings,” said Brandon Richter, Hamilton Robinson’s managing partner. “We liked the business because they automate cleaning tasks for their customers. They replace the old lady with the hairnet.”
Hamilton Robinson invests in U.S. and Canadian companies that earn between $15 million and $100 million in revenue and between $5 million and $15 million in earnings before interest, taxes, depreciation and amortization, according to its website. Its focus includes companies that provide business-to-business services, specialty niche manufacturing, process equipment, specialty chemicals and robotics.
