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RH Brown Co. has received a majority investment from Bastian Solutions

TRANSACTION ANNOUNCEMENT | INDUSTRIAL AUTOMATION / DIST. | NOVEMBER 2021

SEATTLE, WA -- Alexander Hutton is very pleased to announce the majority recapitalization of its client RH Brown Co. by Bastian Solutions of Indianapolis, Indiana. The transaction will enhance RH Brown Co.’s capacity to serve its industrial

automation clients while expanding Bastian’s presence in the Pacific Northwest.


RH Brown Co. owner and President Scott Larsen offered, “We found the team at Alexander Hutton to be a great partner. Completing a transaction is already difficult, but as former operators, they

understand the challenges I faced as I ran my company and closed the deal. I could not have done it without them.”


Commenting on the transaction Alexander Hutton Managing Director, James Thompson, said “We are thrilled to have served Scott Larsen and the RH Brown Co. team in this successful transaction. Despite the Covid impact, there continues to be very high interest from strategic acquirers to partner with strong management teams with durable business models. There was complete alignment throughout the transaction, and we appreciate the professionalism exhibited by the Bastian team.”

“RH Brown Co. has been providing their customers with top of the line material handling solutions for more than one hundred years”, said President Aaron Jones of Bastian Solutions, “The similarities in mission and core values between our two companies are remarkable. We are confident that the synergies between our two companies will lead to great success in the years to come.”

RH Brown Co.’s legal counsel was Stoel Rives of Seattle and Bastian was represented by Faegre Drinker of Indianapolis. Financial terms of the transaction were not disclosed.

MORE ABOUT RH BROWN CO.

Headquartered in the Georgetown neighborhood of Seattle, R.H. Brown’s roots can be traced back to 1904 and is owned by Scott Larsen. As the 4th generation owner of R.H. Brown, Scott spearheaded its expansion beyond its original bicycle importing focus into one Seattle’s premier advanced logistics design and integration companies. The company serves some of the largest manufacturing and distribution companies in the Pacific Northwest.


MORE ABOUT BASTIAN SOLUTIONS

Bastian Solutions, a Toyota Advanced Logistics company, is a trusted supply chain integration partner committed to providing clients a competitive advantage by designing and delivering world-class distribution and production solutions. By combining data-driven designs, scalable material handling systems, and innovative software, the company helps clients across a broad spectrum of markets become leaders in their industries. For more information, visit bastiansolutions.com


MORE ABOUT ALEXANDER HUTTON

Alexander Hutton is the oldest Middle Market Investment Banking firm in the Pacific Northwest. Since its founding in 1986, the firm has worked on behalf of entrepreneurs and boards of directors to help them divest and acquire their companies and to serve as their advocates to the complex capital markets. Alexander Hutton clients reflect the Northwest region’s global expertise in manufacturing, technology, services, healthcare, and logistics. As the Seattle office of Oaklins, the world's leading M&A specialist with 70 offices worldwide, Alexander Hutton provides clients global reach as they explore strategic alternatives. With 220 successful M&A transactions, Alexander Hutton have gained the appreciation and trust of clients by being strong, thoughtful and effective teammates.


For more details on this transaction, connect with the deal team!

James Thompson Scott Hardman Shane Jansen Jorge Espinosa

Managing Director Managing Director Sr. Associate Analyst

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To View/Download the Full Announcement Press Release, click the link below!

AH Transaction Announcement - RH Brown Co.
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