Boston, MA - Capstone Partners LLC, a leading national investment banking firm, announced that it has successfully advised Saman, Inc. on its partnership with Branford Castle, Inc. Saman, doing business as American Condenser and American Coil, manufactures and distributes aftermarket heat exchange equipment, including automotive air conditioning condensers and commercial and industrial coils.
Headquartered in Gardena, California, American Condenser offers industry-leading fill rates on the largest and most extensive line of automotive condensers, covering 40,000 applications of new as well as older, hard-to-find condensers. American Coil, which operates from a separate manufacturing facility in Gardena, custom-manufactures coils used in the HVAC, refrigeration, laundry/dry-cleaning and general industrial markets.
Kevin Jolley, Managing Director of Capstone’s Specialty Product Group, commented, “Saman’s custom manufacturing capabilities, extensive sourcing network and strong client relationships will provide Branford Castle with a partnership for growth in both the automotive and industrial heat exchange industries. American Condenser and American Coil have achieved tremendous success by identifying underserved segments of their respective markets. This partnership will provide Saman with additional resources necessary to maintain a strong customer focus while it continues to grow and expand into new markets.”
Saman, Inc. is a leading manufacturer and distributor of automotive, commercial and industrial heat exchange equipment. Founded in 1995, Saman provides air conditioning condensers to the automotive and heavy-duty truck aftermarket under the American Condenser trade name. American Coil, launched in 2000, provides custom-manufacturing of commercial and industrial coils for any application.
Branford Castle Inc., founded in 1986, is a long-term investor in small to medium sized businesses. Branford partners with businesses that have a leadership position in a definable market niche, a proprietary competitive advantage, and a top-rate management team committed to growth. With each new investment, Branford builds on its senior management's 35-year history of growing businesses.