Halifax West® acted as exclusive financial advisor to Daboosh Investments, LLC in its acquisition of GS Industries of Bassett, Ltd, a custom injection molding manufacturer based in Bassett, Virginia.
Daboosh Investments, LLC (“Daboosh”) has completed its acquisition of GS Industries of Bassett, Ltd (“GSIB”), a custom injection molding manufacturer headquartered in Bassett, Virginia.
Halifax West served as exclusive financial advisor to Daboosh Investments, led the debt financing process, and made a co-investment as part of the transaction. Daboosh Investments is a Cleveland-based independent sponsor that focuses on lower middle-market companies across the Midwest.
Established in 1966, GS Industries of Bassett is a custom injection molding manufacturer serving a range of industrial and consumer end markets. GSIB produces high-margin, recurring-use components for buried power, telecom, and broadband infrastructure, serving utilities and communications providers across the U.S. Operating from a 148,000 sq. ft. facility with 16 installed presses and meaningful operational capacity, the company benefits from strong gross margins, long-standing customer relationships, and a production platform capable of significant scale.
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Under new ownership, GSIB is positioned to expand its customer reach, deepen its presence in critical infrastructure markets, and unlock the full potential of its underutilized manufacturing footprint.
“Halifax West’s integrated approach played an important role in executing this transaction. Their leadership in the debt process, deep debt market relationships, and co-investment reflect a high level of alignment and partnership.”
— Scott Berlin, Managing Partner of Daboosh Investments LLC
In addition to advisory services, Halifax West structured and coordinated the debt market process and co-invested alongside Daboosh Investments, reinforcing alignment of interests across the transaction.
“Daboosh’s strong operating capabilities and focus on value creation align well with our merchant banking model for partnering with independent sponsors. We are pleased to support the acquisition both through debt execution and minority co-investment.”
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