Wipfli Corporate Finance advises Bauer Industries on its sale to Tyrian Capital
March 21, 2022
Wipfli Corporate Finance Advisors, LLC is pleased to announce its client, Bauer Industries, Inc. has sold its subsidiaries, Modern Insulation, Champion Insulation, and two additional transportation entities, (in total, the “Company”) to Tyrian Capital, LLC (“Tyrian Capital”), an independent sponsor headquartered in Chicago, Illinois.
With production facilities in Spencer and Fond du Lac, Wisconsin, Bauer Industries is a leading manufacturer of cellulose insulation. With many in the industry knowing of the Company’s product by its distinctive yellow bag, its flagship product, Weather Blanket®, has been an industry leader in terms of quality, consistency, and performance for nearly 45 years. For three generations, the Bauer family has consistently put the needs of their customers ahead of their own, cementing many long-term relationships.
Wipfli Corporate Finance Advisors, LLC acted as exclusive financial advisor to Bauer Industries in connection with the sale. Anderson O’Brien, LLP served as legal counsel.
About Bauer Industries
Founded in 1977, Bauer Industries is a multi-generational family-owned holding company of two industry-leading cellulose insulation manufacturers, Modern Insulation and Champion Insulation, and two transportation companies, Spencer Transport and Champion Transport. With locations in Spencer and Fond du Lac, Wisconsin, the Company provides its flagship product, Weather Blanket®, to distributors, contractors, and lumberyards throughout the Midwest. For more information, visit www.moderninsulationinc.com or www.championinsulation.com.
About Tyrian Capital
Tyrian Capital is an independent sponsor located in Chicago, Illinois, leveraging an extensive network of institutional investors, family investment offices, and ultra-high net worth individuals to finance its investments. Founder and managing director Andy Baker has over 25 years of experience investing in and operating businesses. For more information, visit www.tyriancapital.com.
About Anderson O’Brien Law Firm
Anderson O’Brien is a full-service law firm based in Stevens Point, Wisconsin. David James was the lead attorney for Bauer Industries on this transaction and was assisted by Keith Pilger and Heather Huebner. For more information, visit www.andlaw.com.