BDO Capital Advises Speedrack Products Group, Ltd. on the sale to a newly formed ESOP

Atlanta, GA – April 28, 2023 – BDO Capital Advisors, LLC (BDO Capital) is pleased to announce the sale of Speedrack Products Group, Ltd. (Speedrack or the Company) to an Employee Stock Ownership Plan. BDO Capital served as exclusive financial advisor to Speedrack on this transaction, which builds on BDO Capital’s experience working with family-owned businesses in the manufacturing sector. Blake Head, Managing Director, and Mark Weisheipl, Director, led the client engagement for BDO Capital.

Founded in 1954 and headquartered in Quincy, MI, Speedrack has been at the forefront of the material handling industry for more than 65 years. Speedrack manufactures material handling systems and equipment that help maximize a customer’s use of space and contribute to effective warehouse logistics solutions. In addition to a manufacturing capacity of over 165M lbs. per year, they have an in-house engineering and design team that provides custom solutions for their customers. Speedrack has now grown to three locations, including Walker, MI; Quincy, MI; and Litchfield, MI, as well as approximately 260 employees.