Paine Schwartz Partners, a private equity firm specializing in sustainable food chain investing, has completed the purchase of Registrar Corp from Bertram Capital. Registrar, headquartered in Hampton, VA, is a provider of U.S. Food and Drug Administration compliance software and services to food, medical device, drug, and cosmetic facilities all over the world.
“Registrar represented the perfect intersection of a growing market, an excellent leadership team, and an opportunity to fully deploy our Bertram High 5 strategy,” said Tom Beerle, partner at Bertram Capital. “We leveraged the capabilities of our in-house IT services team, Bertram Labs, completed six strategic add-on acquisitions and expanded the overall market opportunity for the Company. David Lennarz, Tommy Fass and the talented team at Registrar have been outstanding partners. Working together, we built a scalable, industry-leading platform that is poised for continued success.”
“The Bertram team, led by Tom Beerle, was the right partner at the right time for Registrar. They delivered what they promised to deliver to help support our growth initiatives,” said David Lennarz, co-founder and president of Registrar Corp. He added, “Not only did Bertram bring exceptional technology talent in the form of Bertram Labs, but they also helped us strategically grow the business to become a meaningful platform by supporting our team through targeted acquisitions, new product development initiatives and key hires.”
Houlihan Lokey assisted Bertram in the transaction. Morrison & Foerster represented Paine Schwartz.