Daily News: June 5, 2019

Madison Capital Supports High Road’s John Henry Foster Buy


High Road Capital Partners completed the acquisition of John Henry Foster Minnesota, marking the tenth platform acquisition for High Road Capital Partners Fund II.

Founded in 1938, John Henry Foster Minnesota is a distributor of motion control parts and accessories, compressed air systems, collaborative robots, industrial robotics, and electrical automation products to manufacturers in the Upper Midwest. The company is headquartered in Eagan, MN.

“The acquisition of this differentiated regional market leader builds upon our strong experience in value-added distribution and advanced manufacturing,” said Ben Schnakenberg, partner, High Road Capital Partners. “With its extensive inventory and sought-after design, integration and technical expertise, JHFoster is well positioned to capitalize on small and mid-sized manufacturers’ flourishing interest and investment in automated manufacturing systems.”

Madison Capital Funding provided financing for the transaction. Jones Day provided legal counsel to High Road. BMO Capital Markets advised the sellers on the transaction.

Formed in 2007, High Road Capital Partners is a private equity firm focused on smaller middle market transactions.