On Aug. 1, Canton, Massachusetts-based BSC Industries announced its recent recapitalization with Benford Capital Partners, which is expected to “support its long-term growth and success.”

BSC said the recapitalization enables Jim and Peter Fitzpatrick — who have owned and led the company for over 30 years — to retain material ownership stakes in the company. Peter will continue as CEO, while Jim will step away from his day-to-day management role after a transition period, according to a news release.

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BSC provides industrial products and services for customers in diverse end markets. BSC was originally acquired by the Fitzpatrick family in 1962 and has been led by brothers Jim and Peter Fitzpatrick since 1992. With six additional New England locations, BSC serves as an integral extension of their OEM and MRO customers’ engineering teams. 

“Our family has owned BSC for two generations and my brother and I felt the time was right to bring in a new investment partner for future growth,” Jim Fitzpatrick commented. “We chose Benford due to their experience scaling family-owned companies as supportive stewards.” 

BCP will support BSC’s organic growth through investment in ancillary products and services, sales execution, and operational capabilities. In addition, the company will actively pursue add-on acquisitions of related value-added distributors of industrial components sold to OEM and MRO customers. 

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