ErgoGenesis, LLC, a portfolio company of Independent Bankers Capital Fund, L.P. (“IBCF”), has been acquired by Freestone Partners, Patriot Capital and management. Quarton Partners acted as the exclusive financial advisor to ErgoGenesis and IBCF.
ErgoGenesis, based in Navasota, Texas, manufactures and markets premium-priced, highly customizable, ergonomic chairs and a full line of ergonomic workspace accessories. The Company’s products are designed to enhance posture, alleviate pain and reduce stress on the musculoskeletal system. ErgoGenesis’ flagship seating brand is BodyBilt, which is considered the premium brand by end-users, including Fortune 1000 corporations, government agencies and individual consumers. BodyBilt’s premium reputation has been forged over the last 25 years as the Company led the industry in introducing a number of innovative solutions addressing the need for ergonomics, posture and pain relief.
Freestone Partners is a private equity firm located in Houston, Texas. Freestone principally targets companies in manufacturing, distribution, and commercial and industrial services. The firm’s geographic focus for platform investments is the southwestern and southeastern United States. Patriot Capital provides capital for change of control transactions, recapitalizations, acquisitions, refinancings and growth initiatives. Since 1999, the Patriot Capital Family of Funds has invested in over 92 middle market transactions and has over $550 million in assets under management. Patriot Capital maintains offices in Baltimore, Maryland; Chicago, Illinois and Dallas, Texas.