Spring Capital Closes New Investment in Forfend Industries Inc.
SPRING CAPITAL PARTNERS IV, L.P.
is pleased to announce the closing of an investment in
Forfend Industries Inc.
Subordinated Debt and Common Equity
Spring Capital Partners IV, L.P. (“SCP IV”) is a Small Business Investment Company (“SBIC”) as licensed by the United States Small Business Administration in accordance with the Small Business Investment Act of 1958, as amended.
Transaction Overview
Spring Capital Partners IV, L.P. (“SCP IV”) invested subordinated debt and common equity to support Forfend Industries’ (“Forfend” or the “Company”), a portfolio company of Hampton River Holdings and Telson Capital, LLC, acquisition of FiberTex & Supply (“Fibertex”), a manufacturer of hand safety tools for the marine and offshore industries. SCP IV partnered with Merion Investment Partners in financing this transaction.
About Forfend Industries.
Forfend Industries was formed in 2024 as a platform for acquisitions in the marine safety industry. Its first acquisition was Billy Pugh Corporation, a provider of marine safety solutions based in Corpus Christi, TX, specializing in personnel transfer and offshore safety equipment. Forfend is focused on building an ecosystem of nice-leading manufacturers whose products are “mission critical” to their customers.
About Spring Capital Partners
Spring Capital Partners (www.springcap.com) was founded in 1999 to provide mezzanine capital to growing small and medium sized businesses. The firm is currently investing out of its fourth fund, SCP IV, a $250 million SBIC. SCP IV invests subordinated debt and minority equity, typically in the range of $2 million to $20 million per investment, in change of control/buyout transactions, often with committed private equity funds and independent sponsors, as well as in support of acquisitions, growth, and minority recapitalizations.