Denver, CO - Platte River Equity (“Platte River”) is pleased to announce the sale of Vertical Supply Group (“VSG” or the “Company”) to Gridiron Capital, LLC (“Gridiron Capital”). VSG is a leading, vertically integrated manufacturer, distributor and direct retailer of work-at-height products for professional and recreational users requiring solutions that enhance safety, performance and ergonomics.
“It has been a great partnership with Tripp and the entire VSG team,” said Peter Calamari, Platte River Managing Director. “We believe it is the right time to bring in a new partner to help take the company to the next level but are excited to be retaining an ongoing stake in the business.”
“We are proud of the many milestones we have achieved during Platte River’s ownership,” said Tripp Wyckoff, CEO of VSG. “We have known the Gridiron Capital team for a number of years and are excited to move forward with them given their track record and PPE sector expertise.”
BlackArch Partners served as lead financial advisor to VSG and Platte River, and Canaccord Genuity served as co-advisor. Bartlit Beck LLP served as legal counsel to Platte River. Gridiron Capital was advised by EC Mergers & Acquisitions and Benesch, Friedlander, Coplan & Aronoff LLP on the partnership.