Chicago, IL – September 18, 2024 – Sun Acquisitions, a leading mergers and acquisitions firm, is pleased to announce the successful sale of Spill-Stop Mfg. LLC, a renowned manufacturer and distributor of bar supplies, to North Park Group, a private family office investment group.
Spill-Stop, founded by Fritz Katsky in 1935, boasts a rich history. Daniel Silverstein joined the company in 1945 and eventually took ownership in 1951. Daniel’s son, Robert, began working at Spill-Stop during high school summers and transitioned to full-time after serving in the US Coast Guard. Robert’s dedication culminated in his purchase of the company 1986, shaping it into the industry leader it is today.
Spill-Stop has carved a niche with its premium liquor pourers manufactured in a Chicago suburb. These pourers are recognized for their unmatched consistency, a testament to Spill-Stop’s rigorous quality control measures. This commitment to precision has earned them the prestigious distinction of being the official pourer for any Flair Bartenders’ Association competition where pouring accuracy is paramount.
The acquiring entity, North Park Group, is a perfect fit for Spill-Stop’s legacy. This private family office, with a focus on acquiring and holding American manufacturing and distribution businesses, prioritizes long-term growth and value creation. Their philosophy resonates seamlessly with the principles established by the Silverstein family: a focus on people, exceptional customer service, teamwork, continuous improvement, and long-term success. This alignment bodes well for the future of Spill-Stop under North Park Group’s ownership.
“Spill-Stop embodies a thriving, family-owned business built on a foundation of quality and customer satisfaction,” stated Kevin Collins, Senior Advisor at Sun Acquisitions. “We are confident that North Park Group will provide Spill-Stop with the resources and expertise needed to flourish in the coming years.”
Sun Acquisitions played a crucial role in facilitating this successful transaction. Their team of experienced professionals provided comprehensive guidance throughout the M&A process, ensuring a smooth and seamless transition.
About Sun Acquisitions
Sun Acquisitions is a premier mergers and acquisitions firm dedicated to assisting clients with confidential sales, acquisitions, and valuations of privately held companies. With a proven track record of over 500 successful transactions across diverse industries, Sun Acquisitions provides comprehensive guidance throughout the buying or selling process with its seasoned professionals.
Those interested in buying or selling a business can schedule a free consultation with Sun Acquisitions’ expert team by contacting [email protected]
