FOR IMMEDIATE RELEASE – February 25, 2025
Shorehill Capital LLC (“Shorehill”) is excited to announce that Estex Manufacturing Company Incorporated (“Estex”) joined the portfolio in late 2024. Based in Fairburn, Georgia, Estex is a branded manufacturer and supplier of industrial sewn products including tool bags, personal protective equipment, and other products mainly serving the utility sector in addition to airline, government/military, and sports markets.
Estex was founded in 1900 as a manufacturer of products for the horse and buggy market. Estex evolved with the times, entering the power utility industry in the 1940s by repurposing their feed bags as lineman tool buckets. Estex remains active in the utility space, selling a variety of safety products including but not limited to arc blankets, vests, and bags. The company also serves the airline market selling baggage cart curtains and accessories, loading bridge solutions, and ramp and safety products. Today the business sells over 4,000 products to the major US utilities and airlines and is recognized as the leader in quality and service within its core end markets.
Estex President Mike Scott said, “We have built a legacy of trust, quality, and dedication to our employees and our customers. This partnership with Shorehill marks an exciting new chapter for our company, providing the resources to drive growth and innovation while preserving the values that have defined our success. We look forward to the future with great enthusiasm and confidence in the opportunities ahead.”
“Shorehill is thrilled to partner with Mike Scott and the rest of the Estex Team. This partnership reflects our commitment to collaborating with management teams to achieve shared success. Together, we are enhancing manufacturing capacity, improving efficiency, and working to accelerate growth,” said Robert Jackson, Managing Director at Shorehill Capital.
Fidus Investment Corporation provided financing for the transaction. Katten Muchin Rosenman LLP served as legal advisor to Shorehill. Terms of the transaction were not disclosed.
Estex is actively seeking acquisitions. Business owners, executives, and M&A intermediaries are encouraged to contact Robert Jackson or Rob Hogan regarding acquisition opportunities. To learn more about Estex, please visit their website at www.estexmfg.com.
About Shorehill Capital LLC
Shorehill Capital LLC is a Chicago-based private equity firm with a passion for creating superior companies. Shorehill is focused on making control equity investments in North American engineered industrial products, industrial services, and value-added distribution companies with enterprise values ranging from $20 million to $150 million, and add-ons of any size. Shorehill seeks opportunities with differentiated business models where its experience, network and investment management approach can have a significant impact on the performance of the business. For nearly 30 years Shorehill’s partners have worked with middle market business leaders to accelerate growth and improve operational performance through structured investment management plans. For additional information, please visit www.ShorehillCapital.com.