Transaction Overview
- Represented Gryphon Investors in their acquisition of Kano Laboratories.
- Kano Labs is the manufacturer and marketer of Kroil, an iconic branded family of penetrating oils and lubricants sold into MRO markets.
- Kano represented the first deal closed by Gryphon’s Heritage Fund.
Key Observations
- Kano’s Kroil and AeroKroil brands boasted an incredibly loyal customer base.
- Gryphon, with a history of successful investments in specialty chemicals and enthusiast brands, saw an excellent opportunity to accelerate organic growth.
Drivers of Interest
- The value of the Kroil brand was unparalleled in the market.
- Gryphon identified a CEO candidate with extensive experience in the lubricants and MRO distribution sectors to work alongside management to develop a comprehensive growth plan.
- Market sector was ripe with potential add on acquisition candidates.