Chartwell is pleased to announce Blackstone has successfully completed a minority equity investment in Salas O’Brien, a leading employee-owned engineering and technical services firm.


Chartwell Advises Oxbow Industries on Acquisition Financing

December 2020

Chartwell is pleased to announce that Oxbow Industries and Arcspring Capital have acquired Vectair Systems. Chartwell acted as the exclusive financial advisor to Oxbow and Arcspring throughout the transaction, providing counsel and facilitating negotiations to ensure the acquisition financing was in place. Supporting the transaction and providing bank and non-bank capital were HSBC Bank and Northstar Capital.

Vectair Systems is a world-renowned innovator, manufacturer, and supplier of aircare, washroom, skincare, surface cleaning, feminine hygiene, and infant care products. Vectair has its own in-house engineering and design team, developing both private label and customer OEM products from initial concept to final tooling approval. Vectair Systems was founded in 1988 and services over 130 countries across the globe.

Oxbow Industries is a private equity firm that specializes in investing in high-quality businesses within the middle market. Oxbow assists portfolio companies in numerous ways, including raising capital for corporate growth and providing liquidity for owners. Based in Minneapolis, Minnesota, Oxbow has successfully invested over $2.5 billion in corporate finance transactions.

Arcspring Capital is a private equity firm based in Atlanta, Georgia that utilizes a micro-vertical approach in areas that are undergoing a fundamental shift driven by technology. Arcspring partners with companies in the industrial, services, transportation and logistics, sport, and health and wellness sectors. Arcspring supports management buyouts and provides growth capital in the range of $5.0 million to $50.0 million.

“Chartwell is a trusted advisor to Oxbow and has acted as the primary agent in a number of transactions over the years. We were again pleased with Chartwell for providing critical assistance during the capital raise process. Thanks to Chartwell’s hard work, we have achieved an optimal outcome and can now focus on developing our partnership with Vectair.”

— Andy Coulter, Partner, Oxbow Industries

“Chartwell’s guidance was instrumental in securing a new facility for the transaction. Chartwell ran an efficient process to secure financing for a time-sensitive acquisition that generated value for all parties involved. We are grateful for Chartwell’s advice throughout the process and look forward to working with them again in the future.”

— Jordan Lamb, Partner, Arcspring Capital

Chartwell Contact

For additional information on this transaction, please contact Will Bloom. To learn more about Chartwell’s corporate finance capabilities, please contact Greg Fresh.

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