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Press releases > Generational Equity Advises Seam Seal International in its Sale to Westbridge Capital

Generational Equity Advises Seam Seal International in its Sale to Westbridge Capital

By Generational Equity

Jul 20, 2021, 06:00 et
Seam Seal International

Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the acquisition of its client, Seam Seal International, L.L.C., by Westbridge Capital. The transaction closed June 30, 2021.

Seam Seal International, L.L.C. (SSI), located in Guntersville, Alabama, designs and outsources the manufacture of a proprietary line of branded (ProtectEase) and private label bedding products. The Company also maintains its legacy seam sealing business through the sale of seam sealing tape and the sale and service of seam sealing machines. SSI was wholly owned by Chris Wright and Chris Resha.

Primary bedding products include fitted mattress covers, mattress pads, zippered mattress protectors, and pillow covers. In 2019, the product/sales mix comprised private label home textiles, own-brand home textiles, and textile trim items. The ProtectEase family of products offers a complete range of bedding protection solutions with the perfect combination of price and effectiveness.

Westbridge Capital (Westbridge) is a private equity firm based in Saskatoon, Saskatchewan, Canada. Westbridge manages several funds and have invested in over a dozen companies in their portfolio. Westbridge is industry agnostic with a diversified portfolio. Westbridge acquires mature operating businesses. They often structure their deals with management as their partners to ensure a long-term alignment of interests. Their unique model allows them to provide liquidity to an underserved market, benefiting both owners and management.

Generational Equity Managing Director Don Ho was the lead dealmaker who successfully closed the transaction. “We are very honored to be able to represent Chris Wright, Chris Resha, and Seam Seal in an M&A capacity and to achieve the sale of their business,” said Ho.

Mr. Ho added, “During this process, we had tremendous buyer interest from some phenomenal PEGs and strategics and we’re very honored to be able to do a transaction with Westbridge Capital. The expertise, resources, capital, and experience Westbridge Capital will bring to Seam Seal will position the business for tremendous growth, which will also allow the Company to better serve its customers and employees.”

Mr. Ho is a seasoned dealmaker who is supported by Generational Equity Executive Managing Director of M&A - Central Region, Michael Goss. Senior Managing Director DeWayne Nelon established the original relationship with SSI.

“We always have and will continue to admire the commitment and dedication shown by Mr. Don Ho, as well as Mr. Michael Goss who also provided background support, during the entire process with our company. They advised on business industry best practices, but also acted as my sounding board on multiple occasions. I have heard that going through the M&A process can be the most stressful time of a business owner’s life. Thanks to Don, this process went by smoothly as he coached us through the whole process,” stated Chris Wright.

Seam Seal will be supplementing their continuing management team—original founding members Chris Wright and Chris Resha—with a new CEO, Ryan Fisher. Originally from Alberta, Canada, Ryan moved to the U.S. to earn an MBA from Columbia University and his CPA designation, and he now resides in California. Ryan has held senior management positions as both President and CFO at various companies in the US. In a former role as CFO of an apparel company, Ryan navigated their expansion into large retail markets and the major department stores throughout the U.S.

“I’m excited to be building on the foundation that Seam Seal has laid and partner with their team to drive sales,” said Ryan Fisher. “We’ll be looking for opportunities to expand into additional major retailers and new sales channels throughout the US. Although Seam Seal is already in international markets, I’d like to push harder into Canada and Europe and focus on growing those areas.”

Chris Wright added: “I’m extremely pleased to be associated with a company such as Westbridge Capital now; they can bring the “big company” backing we’ve been searching for to take us to the next level. This transaction also now gives our customers the comfort knowing that Seam Seal is committed to the future and can enhance the R&D and marketing to move ahead to new heights.”

About Generational Equity

Generational EquityGenerational Capital Markets (member FINRA/SIPC), Generational Wealth Advisors, Generational Consulting Group, and DealForce are part of the Generational Group, which is headquartered in Dallas and is one of the leading M&A advisory firms in North America.

With over 250 professionals located throughout North America, the companies help business owners release the wealth of their business by providing growth consulting, merger, acquisition, and wealth management services. Their six-step approach features strategic and tactical growth consulting, exit planning education, business valuation, value enhancement strategies, M&A transactional services, and wealth management.

The M&A Advisor named the company the 2017 and 2018 Investment Banking Firm of the Year and Valuation Firm of the Year in 2020. For more information, visit https://www.genequityco.com/ or the Generational Equity press room.

Bruce and I wanted to take this opportunity to thank Generational Equity for assigning Musa Jagne to our transaction. In Bruce’s words, “Musa did one hell of a job for us!”
Karen S. Williams, CFO, BW Manufacturing
I wanted to write you a quick letter to express our appreciation and our delight on the outcome of helping us through the process of our recent sale. We are very happy with the end result, and are very happy to be able to move forward with all of our future growth plans.
Terry D. Wickman, President, Keytroller
Michael worked tirelessly, He followed every lead meticulously and urgently to make sure nothing was missed.
Robert Evans, President and CEO of Mealtracker Dietary Software
I quickly recognized that Don was working for Sharpe Mixers above all else, and held our interests above others.
Jay Dinnison, Owner of Sharpe Mixers
We are extremely pleased with the way Generational Equity handled the sale of our company. Your associates, Tom and Chris, did an outstanding job of getting us (me) through the process.
Michael J Polarek, President, Paragon Packaging
Dear Chris and Andre, I just wanted to say thanks for all your help. Even though this process was not an easy one, it was comforting to know that I had a capable team standing beside me. You made me feel like we were almost your only client or at least the most important one. Thanks again, and I will recommend your service in the future.
Shenille Engelhart, Owner – CLS Technology
We knew it would be a difficult task to have someone really understand our business and our market, prior to researching a possible buyer, so it was imperative that we found someone of your caliber, with definite proven experience in this area.
Rick Nowak, President/CEO, Kurz Electric Solutions, Inc.
I must say that I have never worked with a more driven, competent and focused individual as Don Ho.
Jay Dinnison, Owner of Sharpe Mixers
Your wisdom and experience were invaluable to me during this once-in-a-lifetime transaction.
Ralph Noblin, President of Noblin & Associates
We thank you Eric and Generational Equity making our dream come true.
Larry Moore, Owner, A Company Portable Restrooms
Tom Staszak is one of the most professional people I have dealt with in my last forty years of business. You’ve got a great group of people and you have built a truly professional organization.
Michael J Polarek, President, Paragon Packaging
Generational Equity educated and informed us – so that we could be on the upside of a good decision (to sell).
Bil MacLeslie, CEO, ipHouse
I couldn’t have asked for a better team than Michael and Deborah. We couldn’t have done it without them.
Robert Evans, President and CEO of Mealtracker Dietary Software
Thank you again for all your guidance and support. Any company will achieve what they intend, if they have you on their team!
Rick Nowak, President/CEO, Kurz Electric Solutions, Inc.
We were happy to see the interest in our company and what we cherished has not just a valuable company but an important company to the communities we served in.
Larry Moore, Owner, A Company Portable Restrooms
Thanks again Phil and feel free to have a future client call me if they would like a referral. You are a true professional!
Andy Graham, Vice President, Modern Heating & Plumbing
T.D., thank you so much! You are a great leader! I love how you are using your gifts and talents to better others. You are clearly a GREAT COACH! This 3 day session undoubtedly changed the future of our business, and very well may have been the sole catalyst to save my company, my health and my marriage! A genuine “thank you” from the bottom of my heart.
Bryan D. Horn, Owner, Over Under Clothing
I would like to thank you and your firm, Generational Equity, for being our valued advisors in our journey.
Bil MacLeslie, CEO, ipHouse
I need to say an immense thank you to Don Ho for his stellar work ethic, attention to detail, and tireless effort. Also thank you to the whole crew at GE! Without you, Don could not do such a phenomenal job. We were shooting for closing and funding before the end of 2020, due to the uncertainty of the political landscape and taxes. I am happy to report we closed last week and will be funding tomorrow.
Dr. Caty J. Catron PhD, RN, VA-BC – Owner, Vic The Picc, LLC
Generational Equity’s assistance was invaluable in compiling and marketing our business.
Bil MacLeslie, CEO, ipHouse
We are very happy with the end result, and are very happy to be able to move forward with all of our future growth plans.
Rick Nowak, President/CEO, Kurz Electric Solutions, Inc.
I am pleased that I was able to work with Andrew Byrd throughout this experience. From the first meeting we had in Minneapolis I felt that I was in good hands. His knowledge and expertise is second to none. He guided the process consistently throughout. I feel lucky that I was pared with Andrew and could not be happier that I chose Generational Equity to handle this major life event. Thank you Andrew and GenEq for everything!
Eric Erlandson, Owner, Action Fastenings, Inc.
Greetings Mike. Thank you for the captivating and compelling presentation you made at the Phoenix presentation last week. Over many years in business yours was the most informative and well-presented presentation, on any subject, that I have ever attended! Your energy and enthusiasm combined with your concise and captivating support of your positions with easily understood examples and data was compelling.
Pete L.
The process was much more involved than I expected and your help, experience and advice was a big factor in making the negotiations go as smoothly as possible.
Terry D. Wickman, President, Keytroller
We will highly recommend Generational Equity and Musa Jagne to any business owner about to embark on the same process.
Karen S. Williams, CFO, BW Manufacturing
The help you provided us during each step of this process made us feel very comfortable and confident we were selecting the right approach to transition our Company.
Andy Graham, Vice President, Modern Heating & Plumbing