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Charger Investment Partners Announces Acquisition of SBG

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LOS ANGELES, February 22, 2024-- Charger Investment Partners (“Charger”) announced today it has partnered with management to complete the acquisition of SBG Holdings, Inc. (“SBG”), a leading manufacturer of consumables and highly specialized equipment used in the maintenance, conversion, and placement of polished concrete flooring. Financial terms of the transaction were not disclosed.

Headquartered in Rockford, TN, SBG serves its addressable markets through its industry-leading brands of SASE® and Bartell Global®.

SASE® directly serves surface preparation and concrete polishing contractors with a comprehensive offering of consumables, equipment, and related solutions. Bartell Global® serves a wide range of distributors and rental providers with a complete range of solutions for concrete site preparation, surface placement, finishing, and polishing. SBG’s products are used within a diverse range of end markets, including polished concrete flooring solutions within: grocery, warehouse, big box retail, industrial, education, healthcare and datacenters.

“We are thrilled to enter into this partnership with Charger,” commented SBG CEO Karl Moritz. “The Charger team has a deep appreciation for SBG’s long history of innovation, quality and customer service in the polished concrete sector. Charger shares our commitment to delivering best-in-class products and new innovations to our market. We look forward to leveraging Charger’s expertise and operational insights to accelerate growth and continue our track-record of success.”

“We are excited to continue SBG’s remarkable heritage in the fast-growing polished concrete sector. SBG’s talented leadership team has built an exceptional platform, and we look forward to providing the resources to capitalize on the numerous growth opportunities ahead,” said Aaron Perlmutter, co-founder and Partner at Charger.

Massumi + Consoli LLP acted as legal advisor to Charger and BlackArch Partners served as the investment banking advisor to SBG.

About Charger Investment Partners

Based in El Segundo, California, Charger Investment Partners is a private equity firm that invests in dynamic mid-sized companies primarily in the industrial, services, and consumer industries that can benefit from Charger’s partnership and value enhancement expertise. The firm’s principals have decades of experience successfully building market-leading companies and utilizing an operationally focused, flexible capital approach that encompasses a variety of transaction types including ownership transitions, corporate carve-outs, and recapitalizations. For more information, please refer to the Charger website at www.chargerinv.com/.

About SBG

SBG Holdings, Inc. manufactures consumables and associated equipment for the ongoing maintenance, conversion and placement of concrete flooring and other hardscapes through its industry-leading brands of SASE® and Bartell Global®. SASE® directly serves surface preparation and concrete polishing contractors with a comprehensive offering of consumables, equipment, and related solutions. Bartell Global® serves a wide range of distributors and rental providers with a comprehensive offering of solutions for site preparation and surface placement, finishing and polishing. For more information, please refer to the SBG website at https://www.sbg-corp.com/.

Contact:
Paul Wolf
Managing Director, Charger
(310) 372-5525
pjw@chargerinv.com

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