News

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Tranzonic, A Portfolio Company of Silver Oak Services Partners, Completes Add-on Acquisition

Jun. 17, 2017 -Portfolio Company News

Evanston, IL – June 27, 2017

The Tranzonic Companies (“Tranzonic” or the “Company”), a portfolio company of Silver Oak Services Partners, LLC, announced today that it has acquired ERC Wiping Products, Inc. (“ERC”).  Headquartered in Lynn, MA, ERC is a leading processor and distributor of wiping cloths, towels and wipes to customers operating across a broad spectrum of industries in the U.S.

“ERC has been a premier supplier to its customers for over 95 years, and it was important for us to find a partner with the same level of commitment to quality and service that has allowed us to be successful over our history. We believe we have found that partner in Tranzonic,” stated Larry Groipen, President of ERC.

“We are thrilled to have ERC join the Tranzonic family. Larry and his team have built a strong business with a reputation for offering a wide array of high quality products, timely and efficient delivery, and consistent customer satisfaction, and we look forward to continuing that same level of service post-transaction,” said Tom Friedl, Chief Executive Officer of Tranzonic. “Additionally, ERC’s distribution capabilities in the Northeast U.S. will enable us to provide greater value and more expeditious service to our customers across the country.”

Overview of Tranzonic

Headquartered in Cleveland, OH, Tranzonic is a leading supplier of disposable maintenance, cleaning, personal care and safety products to the “away-from-home” marketplace.  The Company supplies a variety of disposable sanitary and safety supplies including gloves, industrial wipers, toilet seat covers, feminine hygiene products, air care products, restroom supplies, sorbents and other safety products used by customers in janitorial / office supply, healthcare, dentistry, automotive, foodservice, industrial, safety and a range of other end markets. The Company has a differentiated business model with proprietary brands and global sourcing capabilities and is well-diversified across suppliers, customers and end markets.

Please contact Tom Friedl of Tranzonic or Greg Barr or Andrew James of Silver Oak for additional information.

Silver Oak invests in business, consumer and healthcare services companies in the lower middle market, typically with EBITDA of $4 million to $20 million.

Silver Oak Services Partners, LLC 
1560 Sherman Ave, Suite 1200
Evanston, IL 60201
Phone: 847-332-0400
www.silveroaksp.com