News

November 21, 2016
JD Beauty/Wet Brush is featured in a two page spread in the current issue of the Beauty Industry Report, a monthly newsletter for executives in the professional beauty business.

November 7, 2016
Topspin Partners today announced that it has acquired a majority interest in Palmetto Moon, a specialty retailer in the Lifestyle Merchandising segment in the southeastern U.S., from its owners and founders Bob and Karen Webster.

September 7, 2016
PlayMonster LLC (formerly Patch Products), announces its third acquisition in less than two years with the closing of Automoblox®, an award-winning line of high-quality, collectible toy vehicles that innovate the classic wooden toy car category. Automoblox puts kids and adults in the driver’s seat with collectable build-and-mix interchangeable parts that reinvent play.

August 15, 2016
Topspin Partners today announced that it has acquired a majority interest in Texas Family Fitness (TFF), an operator of high amenity, high value health and fitness clubs in the suburban Dallas, TX area, from its owner and founder Trevor Rogers. Mr. Rogers retains a significant ownership stake in the company, and will remain on the board of directors of the company to provide strategic guidance on the company’s expansion strategy.

February 18, 2016
Topspin Partners (“Topspin”), a Mamaroneck, NY-based private equity firm focused on the lower-middle market, has exited its portfolio company Stagnito Business Information (“Stagnito”), a leading business information services company providing the grocery and convenience store industries with leading print, digital, research and event offerings.

January 15, 2016
Patch expands from puzzles, toys and games into a new category of STEM with the acquisition of Roominate™. STEM (Science, Technology, Engineering and Math) has become a prominent topic within the toy industry, as it builds important education through play with the children of today who could be the scientists and engineers of tomorrow.

January 12, 2015
Topspin Partners today announced that it has acquired Polder Housewares (“Polder” or the “Company”), a leading designer, marketer and distributor of branded, innovative housewares products in the kitchen storage and prep, home organization, and laundry categories.

October 21, 2015
Topspin Partners today announced that it has acquired a majority interest in JD Beauty (“JD” or the “Company”), a leading designer and marketer of branded, professional-quality hair brushes and beauty care accessories. The Company’s flagship detangling brush, the Wet Brush, is the number one hair brush brand in the professional channel and the fastest-growing hair brush brand in the consumer retail channel. JD was advised in the transaction by Intrepid Investment Bankers.

January 8, 2014
Topspin Partners LBO today announced that it has acquired HCOA Fitness, the largest operator of fitness clubs and personal training services in Puerto Rico. HCOA is headquartered in Miami, FL. “After evaluating many health and wellness opportunities in recent years, we are excited to have found this outstanding company,” said Topspin Managing Director Leigh Randall.

December 19, 2013
Topspin Partners LBO, a Long Island, NY-based private equity firm focused on the lower middle market, has exited its portfolio company Hart Systems, LLC, the leading global provider of self-managed inventory counting services to retailers. The acquirer, Zebra Technologies, is a global leader in barcode printing and RTLS technology including printers, RFID, software and supplies.

May 10, 2013
Industry veteran Steve Baker, who has served in executive roles at ADT, Monitronics and Westec, announced May 22 that his corporation, GHS Interactive Security, has acquired LifeLine Security and Automation as a platform for growth. LifeLine uses a year-round door-knocking sales model and is formerly one of Monitronics’ largest dealers.

April 1, 2013
Blick Art Materials, a multi‐channel retailer with 39 locations, has purchased the stock of Utrecht Art Supplies, a 45‐store multi‐channel retailer. Both businesses are leading participants in the art supply industry.

January 12, 2012
Topspin LBO today announced that it has completed the acquisition of Stagnito Media, a rapidly growing business-to-business media company serving the grocery and convenience store industries. Based in Deerfield, Illinois, Stagnito operates several industry-leading trade publications including Convenience Store News, Progressive Grocer, The Gourmet Retailer, Hispanic Retail 360 and Retail Leader.

January 4, 2011
Topspin LBO, together with Gotham Private Equity Partners, L.P., today announced that they have acquired Two-Twenty Records Management, LLC. In conjunction with this investment, Two-Twenty has acquired two successful regional platform businesses, Storetrieve Inc. in Los Angeles, CA and Arizona Records Storage Centers in Phoenix, AZ.

June 5, 2009
Topspin Partners LBO has bought a division of medical device maker Sanuwave Inc. whose products treat chronic pain and arthritis-related pain in a non-surgical setting, primarily in horses. The VersaTron product line uses sound waves to trigger an animal’s own repair mechanisms, helping it to heal.

June 3, 2009
Topspin LBO today announced that it had partnered with Integris, LLC to acquire the veterinary business of SANUWAVE, Inc. The acquired veterinary business will be named Pulse Veterinary Technologies, LLC. Pulse Veterinary Technologies will focus solely on the veterinary market opportunity, with improved service to the equine market and expansion of the technology into the small animal market.

January 28, 2009
Topspin LBO today announced that it has completed the acquisition of Hart Systems, Inc. from the company’s founders, Harvey and Jared Goldsmith. Hart Systems is a leading provider of inventory counting equipment and services to retailers, primarily in the U.S. and Canada. The company, based in Hauppauge, New York, owns a fleet of mobile scanning devices that its customers use to count store inventories.

December 15, 2008
Topspin LBO today announced that it has completed the acquisition of a majority stake in IDS Sports from the company’s founding partners. IDS, a sports nutrition company based in Oviedo, Florida, sells a portfolio of nutritional products through GNC, Vitamin Shoppe, Vitamin World and a variety of distributors and on‐line retailers

June 30, 2008
Topspin Partners LBO, a leading investment firm focused on the lower middle market, announced today that it has closed a new $132 million equity fund, exceeding its initial target of $100 million. The new fund is the successor to the buyout practice of Topspin Partners, a fund formed in 2000.

September 13, 2007
Topspin LBO today announced that it has completed the acquisition of Utrecht Manufacturing Corporation from Brynwood Partners. Utrecht is a leading multi‐channel retailer of art supplies, with 35 stores nationwide.

June 22, 2007
Yes, Virginia, there is venture capital on Long Island. And it’s growing. Long Island-based VC and private equity firms are investing close to home, taking stakes in successful local companies, rescuing troubled Island firms and rolling out new funds. And they’re doing so well, they’re looking across the country for more investment opportunities.

June 15, 2007
Jim Simons is investing in a leveraged buyout fund from private equity firm Topspin Partners, according to a report. The report did not reveal how much capital the scientist-turned-hedge fund-billionaire would invest in the LBO fund.

June 14, 2007
Principals behind Topspin Partners have raised $115 million for a new leveraged buyout fund that will take a hard look at Long Island companies among potential acquisitions and investments. Leo Guthart, Stephen Lebowitz and Leigh Randall are managing directors behind the new fund, Topspin Partners LBO, based in Roslyn Heights.

November 10, 2005
Devcon International Corp. (NASDAQ: DEVC) announces that Devcon Security Holdings, Inc., a wholly owned subsidiary, has acquired all of the outstanding capital stock of Coastal Security Company, a leading provider of electronic security services, in a cash for stock transaction valued at approximately $50.4 million. Coastal, headquartered in Boca Raton, Florida, provides retail electronic security services to commercial and residential customers principally in South Florida, and wholesale monitoring service to dealers throughout.

January 4, 2005
Audiovox Corporation today announced that its subsidiary, Audiovox Electronics Corp. has completed its purchase of assets of Terk Technologies Corp. Terk is a leading provider of satellite radio receivers and digital antenna products.

June 21, 2004
Never forget where you came from: a timeless piece of advice whose origin has most likely –and most ironically- been lost in time. Nevertheless, the phrase enforces the importance of a strong foundation and provides its adherers with a more clear vision of where next to go. Long Island, New York based Topspin Partners LP is a case-study in how the proof of this philosophic counsel is in the pudding

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