Align Collaborate is pleased to announce it completed an equity investment in Carlton Industrial Solutions (“Carlton” or the “Company”) in partnership with Reynolda Equity Partners (“Reynolda”), CEO Chris Trevey and management. Carlton is a leading provider of calibration, repair and automation services for mission-critical industrial weighing, precision measurement, crane & hoist and safety training solutions to customers across a variety of regulated end markets. The Company provides products and services to solve for quality, uptime, process control, throughput, safety and variance reduction for its customers.
“Carlton is a market leader with a long history of success and a highly experienced management team. We are thrilled to partner with Reynolda, Chris Trevey and management on this investment,” said Align Collaborate Partner Michael Kornman. “At Collaborate, we strive to support high-performing sponsors with a flexible, partnership-centric approach and we are excited to be a part of this rapidly growing company,” said Align Collaborate Partner Grant Kornman.
“Our long tenured relationship with the Align Collaborate team and their flexible structure made them ideal partners for this exciting investment,” said Reynolda’s Marshall White. Steele Windle of Reynolda added, “Growth through acquisition is a major initiative for Carlton and Align Collaborate is a perfect fit to support the Company’s M&A strategy alongside Reynolda.”
Vice President Kurt Smentek and Senior Associate Scott Weiss worked alongside Michael and Grant Kornman on the transaction. Carlton was advised by Tuggle Duggins P.A., Reynolda was advised by McGuireWoods LLP, while Align Collaborate was advised by Calfee, Halter & Griswold LLP.
Reach out to Michael Kornman (mkornman@aligncollaborate.com) or Grant Kornman (gkornman@aligncollaborate.com) with add-on ideas or to learn more about Collaborate’s purpose-built strategy for supporting the unique needs of independent sponsors, or those investing on a deal-by-deal basis.