Eureka Equity Partners (“Eureka”) today announced that its portfolio company, McCue Corporation (“McCue”), a leading global provider of damage prevention and safety product solutions, has completed the acquisition of Product Innovations, LLC d/b/a Banner Stakes (“Banner Stakes”). Located in Dublin, California, Banner Stakes is a rapidly growing, leading innovator in temporary safety and hazard communication barriers, selling its products through an extensive network of industrial and safety product distributors throughout North America. With over 250 SKUs across five product categories, Banner Stakes’s products are used across numerous industries including the material handling, industrial, healthcare, facilities maintenance, construction, and retail sectors.
David DiAntonio, CEO of McCue said, “I am excited to begin this new partnership with Banner Stakes, whose innovative products will add to McCue’s already strong portfolio of offerings and provide relationships with new distributors. With our extensive global sales and marketing capabilities, we expect to continue growing the Banner Stakes business both domestically and internationally while ensuring the highest level of support for our customers’ needs.”
Jennifer Thenemann, General Manager of Banner Stakes prior to the acquisition, has joined McCue’s senior management team. Ms. Thenemann stated, “McCue is the perfect partner to further strengthen Banner Stakes’s position in the safety industry. McCue’s resources and operational support will enable Banner Stakes to expand and better serve our customers by leveraging McCue’s sourcing capabilities, global operations, and research & development competencies.”
“The Banner Stakes acquisition is another step in the development of McCue as a premier provider of safety products across a broad range of categories,” said Jonathan Chou, a Partner with Eureka and a Director of McCue. “We have the right management team, infrastructure, and capabilities at McCue to continue making strategic acquisitions, in addition to the company’s organic growth initiatives, that will yield immediate benefits and accelerate the growth of the platform.”
M&T Bank provided debt financing to support the acquisition.
About Eureka Equity Partners Eureka Equity Partners is a private equity firm targeting niche market leaders with up to $100 million in revenue across industry segments in which Eureka brings significant experience and operating resources, including business services, health care services, specialty industrials and consumer products. Eureka focuses on partnering with proven managers to drive the growth of promising companies into outstanding enterprises. Eureka leads buyouts that bring significant ownership to the operators driving the success of the business. With this core principle that aligns the interests of our operators and our investors, Eureka is also experienced and comfortable effecting minority recapitalizations with flexible investment structures designed to uniquely meet the needs of the company, its management team and other shareholders. More information about Eureka Equity Partners can be found at www.eurekaequity.com.