CHARLOTTE – July 19, 2019
Mosaic Capital Partners, LLC (“Mosaic”) announced today the ESOP acquisition of Boston Barricade Holdings, Inc. (“Boston Barricade”, or the “Company”), a nationwide, vertically integrated provider of barricade systems, graphic displays and related services for the retail and print industries.
“We were really struck by the close bond Boston Barricade has with its customers, forged over many years of delivering consistently outstanding service”, remarked Dabney Smith, a partner with Mosaic who led the transaction. “These relationships provide an excellent foundation for growth. As the retail channel continues its quest to meet the modern shopper’s demand for near-constant store refresh, retailers need reliable, single-source service providers. Boston Barricade fits this bill perfectly.”
Founded in 1992 by Bob Putnam and his wife Cynthia, Boston Barricade manufactures and rents temporary, modular wall systems, prints graphics, and provides full installation and teardown services for retail projects. Headquartered in Vero Beach, FL, the Company has 13 service centers throughout the country and operates print facilities in both Florida and California resulting in short lead times nationwide. The Company’s barricade panels are fully reusable, creating a far more sustainable option than competing drywall solutions.
Bob, who will remain in place as Boston Barricade’s CEO, remarked, “We evaluated many different options for choosing our next partner. When we discovered Mosaic and their ESOP solution, we immediately knew it was the right fit. Our employees are so critical to our success and many have been with the business for a long time. Cynthia and I are incredibly excited for them to participate meaningfully in the value we create with Mosaic from here.”
The ESOP provides a substantial retirement benefit to all eligible, full-time employees. Research shows that companies with an ESOP tend to be environmentally conscious, experience less voluntary turnover, and perform better in times of economic downturn.
Boxwood Partners served as the Company’s financial advisor during the transaction.
About Boston Barricade
Boston Barricade Holdings, Inc. (“Boston Barricade”), is the leading provider of modular construction enclosures and graphics, providing environmentally friendly graphical barricade solutions to retailers, mall developers and more. For more information, visit www.bostonbarricade.com.
About Mosaic Capital Partners, LLC
Mosaic Capital Partners, LLC (“Mosaic”) is a private equity firm investing in privately held middle market companies. Based in Charlotte, NC, Mosaic employs private equity buyout strategies that incorporate the partners’ unique expertise in Employee Stock Ownership Plans (ESOPs). Mosaic aims to help business owners achieve liquidity, wealth transfer and ownership transition with its PE-ESOP product.