BFG Supply Co., a leading full-line horticultural distributor serving customers in the Great Lakes, Midwest and Great Plains regions of the United States, has been acquired by Tricor Pacific Capital, Inc., a Vancouver private equity firm with offices in Vancouver, B.C. and Lake Forest Ill.
Headquartered in Burton, Ohio, BFG operates a total of 14 fully-stocked and fully-staffed service centers providing local delivery routes and servicing the needs of customers in 17 states.
“We couldn’t be more excited about beginning our association with Tricor," said BFG President Rob Glockner. "They are partnering with us because of our consistent track record of success, the fantastic team of people at BFG that is responsible for it and the opportunities that lie ahead. Tricor’s strategic and capital resources will enable BFG to further strengthen its financial position and continue to invest in the company and its operations.”
Added Tricor Managing Director Bradley Seaman, “We are proud to partner with BFG and its outstanding leadership team. BFG has the exceptional business fundamentals that we look for when making acquisitions, including a lengthy history of organic growth and stability. Tricor is very pleased to add such a high-quality company to our portfolio.”
About Tricor
Tricor Pacific Capital is one of Canada’s leading private equity firms, based in Vancouver, B.C. with an office in Chicago, Ill. Tricor’s investment portfolio consists of profitable, well-managed, middle-market companies located in the West and Midwest regions of Canada and the United States, primarily in the manufacturing, service and distribution business sectors. Tricor currently manages approximately $1 billion in committed capital.
About BFG
BFG Supply Co. has served the needs of greenhouse and nursery growers in key bedding plant-producing states in the U.S. for nearly 40 years. Operating 14 fully-stocked service centers covering a 17-state region, BFG has grown into the largest horticultural distributor in the Midwest and one of the three largest in the entire U.S., earning an outstanding reputation for operational excellence and superior customer service.
Source: Tricor Pacific Capital