has been acquired by

Capstone Headwaters Advised Caliendo-Savio Enterprises, Inc. on its sale to Halo Branded Solutions, a portfolio company of Audax Private Equity

January 2018

Boston, MA – Capstone Headwaters advised Caliendo-Savio Enterprises, Inc. (“CSE” or the “Company”), a leading provider of promotional merchandise and workwear products, on its sale to Halo Branded Solutions, a portfolio company of Audax  Private Equity.

Founded in 1979 and headquartered in New Berlin, WI, CSE is a branded merchandise agency delivering best-in-class service, worldwide distribution and custom products to leading name brand customers. The Company operates from a 70,000 square feet warehouse that includes creative design offices and over 100 employees. Additionally, the Company offers unique website hosting for many customers’ website and e-commerce order fulfillment needs.

Paul Janson, COO of Capstone Headwaters, said, “This is a perfect example of a strong strategic fit between buyer and seller leading to a transaction that is compelling for both parties. We are very pleased to have advised and worked closely with CSE to make this combination happen.”

CSE was represented in the transaction by Capstone Headwaters and the law firm of Brownstein Hyatt Farber Schreck, LLP. Terms of the transaction were not disclosed.


Lead Professionals

Paul Janson

Chief Operating Officer

Bob Balaban

Managing Director
"The team at Capstone Headwaters was responsible for maximizing our value in the market.  They exceeded my expectations and most importantly found the perfect partner in Halo Branded Solutions."      
Tom Savio