MPE Partners, a preferred partner for entrepreneur-, family-, and ESOP-owned companies, is signing a definitive agreement to sell Bettcher Industries to KKR. Headquartered in Birmingham, Ohio, Bettcher is a trusted provider of semi-automated handheld tools, automated equipment, and aftermarket consumables for beef, pork, poultry, and seafood processing plants globally. Bettcher's innovative and industry-leading products serve to improve customer yield, while enhancing worker safety and comfort.
MPE recapitalized Bettcher in October 2017, which at the time was owned 100% by the Company's Employee Stock Ownership Plan.
The pending sale of Bettcher builds on a productive and rewarding year for MPE. Thus far in 2021, MPE has closed five new investment platforms and one add-on acquisition.
Baird, Guggenheim Securities, LLC, BakerHostetler, and Alvarez & Marsal Transaction Advisory Group served as advisors to Bettcher. Terms of the transaction were not disclosed.
