Bigham Brothers Sold To TVV Capital

TVV Capital, an established, value-oriented, lower middle-market buyout firm focused on niche manufacturing, announced that it has acquired Bigham Brothers, Inc., based in Lubbock, TX. A manufacturer of premium agricultural tillage and cultivating equipment, the company’s products are marketed through the Bigham Brothers and Lilliston product brands. Terms of the transaction were not disclosed.

The acquisition, which was completed in December 2012, is in keeping with TVV’s steady focus on acquiring companies in the niche manufacturing industry that hold sustainable competitive advantages in
stable and growing market segments.

In September 2012, TVV acquired Big 3 Precision Products, Inc., a manufacturer of injection blow molds, tooling and fabrication products for the pharmaceutical and automotive industries.

Bigham customers are commercial farm operators who purchase the company’s equipment through an independent dealer network of over 1,400 locations, with strengths in Texas, the Southwest and Mississippi Delta regions. The company’s innovative products are used in both flat and raised bed planting environments and serve to reduce tractor fuel consumption, control soil and water erosion and aerate the soil.

“The acquisition of Bigham Brothers is a continuation of TVV Capital’s focused approach, ability to independently source deals and cultivate relationships to identify and invest in high-growth opportunities on behalf of our investors,” said Andrew W. Byrd, TVV Capital’s President. “Given its management team, current market penetration and future product strategy in the sustainable agriculture movement, Bigham is poised for considerable growth and market expansion.”

“TVV Capital approached us as a true partner would. From the onset, they brought a unique understanding of our market, management style and future vision,” said Sandy Kimball, retiring President of Bigham Brothers. “TVV’s acquisition of Bigham will enable us to not just maintain, but also aggressively expand our U.S.-based manufacturing facility to keep pace with market demand and continue our growth trajectory.”

Bigham Brothers, Association member since 1986; bighambrothers.com.