Aerospace, Defense & Space, Manufacturing & Distribution
CLA Meridian Capital Advises Berg Companies in Sale to HDT Global
Published October 11, 2019
FOR IMMEDIATE RELEASE // SEATTLE, WASHINGTON
CLA Meridian Capital, a Seattle-based middle market corporate finance and M&A advisory firm is excited to announce the successful sale of its client, Berg Companies Inc. (“Berg”), to HDT Global (“HDT”, a portfolio company of Charlesbank Capital Partners, LLC). CLA Meridian Capital served as the exclusive financial advisor to Berg on the transaction.
Founded in 1883 and headquartered in Spokane, Washington, Berg is a leading provider of hard-wall and soft-wall remote camp solutions for military and commercial applications across the globe. The Company has developed a strong track record of multi-year government program execution and a reputation for specialized product development, which have fostered collaborative relationships with key customers and military procurement offices.
Over its 135-year history, the Company’s best-in-class engineering capabilities and deep commitment to the end users of the product have positioned it as a leader in the industry.
Don Myers, President and CEO of Berg, shared: “CLA Meridian Capital was instrumental in helping us reach a successful outcome. The team’s long-term approach and deep understanding of the dynamics within the government contracting and defense industries played a vital role in driving the transaction to close. We look forward to the next chapter with HDT.”Brian Murphy, President and Managing Director at CLA Meridian Capital, stated: “CLA Meridian Capital has had the pleasure of working with the Berg team over the past several years providing strategic advice and serving as a sounding board for the shareholders. We’re proud to have represented the Company and are excited about the new opportunities offered through the combination with HDT.”
This transaction represents continued momentum for CLA Meridian Capital’s Aerospace and Defense and Diversified Industrials teams. Other recent transactions include MetalFX, Allpak Container, Apollo Technologies, Thortex, Smith & Greene Company, and Blast Deflectors, Inc
ABOUT HDT
Headquartered in Solon, Ohio, USA, HDT Global is widely recognized for its industry-leading production of state-of-the-art, fully integrated expeditionary solutions, including shelters, generators, heaters, air filtration devices, robotics and other engineered technologies, currently used by U.S. and allied military units worldwide, as well as civilian government and commercial customers.
Michael Barber, Managing Director
CLA Meridian Capital
For more information, please contact:
Managing Principal of Investment Banking
About CLA Meridian Capital
CLA Meridian Capital is the investment banking division of CliftonLarsonAllen (CLA) Wealth Advisors, LLC, an SEC registered investment advisor and broker dealer, member FINRA/SIPC. With 30+ years of middle-market M&A and financial advisory experience, $22 billion in total transaction value, and deep industry knowledge across the Consumer, Industrials, and Technology sectors, CLA Meridian Capital helps our clients preserve the value they’ve built and the legacies they leave behind.
