February 4, 2025 – Chicago, IL – LaSalle Capital (“LaSalle”) is pleased to announce the sale of its portfolio company, BOF Corporation (“B-O-F” or the “Company”), to Victor Capital Partners (“Victor Capital”). B-O-F, headquartered in Aurora, IL, is a leading manufacturer and provider of customized gravity-flow shelving and merchandising solutions for grocery, convenience, and alcohol retailers across North America. Terms of the transaction were not disclosed.
B-O-F’s CEO, Howard Topping, will continue to lead the Company in its next phase of growth. Under LaSalle’s ownership, B-O-F strengthened its senior management team, invested in upgrading and expanding the Company’s manufacturing facility, accelerated new product development and innovation, and further expanded its leading market position, driving significant revenue and earnings growth over LaSalle’s approximately 3-year investment period. Mr. Topping stated, “LaSalle provided strategic support and capital resources that helped us broaden our capabilities, better serve our customers, and accelerate our growth plan. We greatly valued the partnership and expertise that allowed our management team and our company to execute at the highest level.”
Andrew Dzwonchyk, Partner at LaSalle Capital, commented, “It has been a pleasure working with Howard and his team and assisting B-O-F in its continued evolution as the premier provider of gravity-flow shelving and merchandising solutions. We’re proud to be a part of the Company’s continuing legacy of quality, innovation, and customer service.” Kelly Cornelis, Senior Advisor at LaSalle Capital, added, “The entire team did an excellent job building a bigger and better B-O-F, and we wish the team continued success moving forward.”
Lincoln International served as financial advisor and Barclay Damon LLP served as legal advisor to B-O-F in connection with the transaction.
If you have any questions regarding this transaction or would like to discuss opportunities in the food & beverage industry, please contact Andrew Dzwonchyk, David Murav, or David Taiclet of LaSalle Capital at (312) 236-7041.
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