Tricor’s will help BFG strengthen its financial position.
BFG Supply Co. (“BFG”), a 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. (“Tricor”), a Vancouver private equity firm with offices in Vancouver, B.C. and Lake Forest (Chicago), Ill. Headquartered in Burton, Ohio, BFG operates a total of 14 service centers providing local delivery routes and servicing the needs of customers in 17 states.
Rob Glockner, BFG president, said, “We couldn’t be more excited about beginning our association with Tricor. 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.”
Tricor managing director, Bradley Seaman, said, “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.”