The Anderson Group

The Anderson Group LLC is a private equity firm established in 1985 and headquartered in St. Petersburg, Florida, with additional offices in Shanghai, China, and Bloomfield Hills, Michigan. The firm specializes in acquiring control positions in niche manufacturing, distribution, and service companies within the lower end of the middle market. It targets investments in companies with annual sales and revenues ranging between $10 million and $100 million, and typically seeks to invest in firms that have been operational for at least five years. Although the firm is industry agnostic, it generally avoids sectors such as technology, biotech, natural resources, restaurants, retail, and healthcare. The Anderson Group is particularly focused on turnaround situations, management buyouts, and corporate divestitures, and it engages in private recapitalization and industry consolidation. The firm aims to take an active role in its portfolio companies, seeking voting control and opportunities for operational improvements.

Justin Flood

Partner

Thomas Gaffney

Co-Founder and Partner

Cory Gaffney

Partner

Scott Hukari

Partner

Joe Maddox

CFO

Marc Schechter

Operating Partner

Barry Shapiro

Managing Partner

3 past transactions

Double B Foods

Acquisition in 2024
Double B Foods, Inc. specializes in the development, processing, and production of frozen food products, including hand-held appetizers, entrées, desserts, dough-enrobed kolaches, and dips. Founded in 1971 and headquartered in Arlington, Texas, with an additional facility in Meridian, Texas, the company serves a diverse clientele that includes restaurants, schools, specialty food segments, co-packers, private label brands, and retail grocery markets. By focusing on high-quality offerings, Double B Foods enables its partners to provide fresh and healthy meal options, catering to the needs of casual dining chains and supermarkets alike.

Fosbel

Acquisition in 2019
Fosbel is a global service provider that focuses on the inspection, maintenance, repair, and reconstruction of refractory furnaces, primarily serving the steel and glass industries. The company specializes in ceramic welding and offers comprehensive inspection services tailored for coke oven and glass furnace operators. Fosbel provides daily condition monitoring, preventative maintenance, and remedial repair solutions, ensuring optimal performance and longevity of industrial ovens. Through its expertise, Fosbel aims to enhance operational efficiency and reliability for its clients in these critical sectors.

Perfect Fit Industries

Acquisition in 2010
Perfect Fit Industries, LLC is a manufacturer and supplier of home textile products, specializing in a range of bedding items. Its product line includes mattress pads, toppers, pillows, heated blankets, warming throws, and both down and down alternative products. The company serves retailers across the United States and Canada, providing both proprietary and licensed brands. Founded in 1932, Perfect Fit Industries is headquartered in Charlotte, North Carolina, with an additional office in New York City and manufacturing facilities located in New Hampshire, Indiana, North Carolina, and California. As of December 2015, the company operates as a subsidiary of Cross River, LLC.
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