Becker Boiler Co., Inc. has been acquired by Fox River Capital, LLC, a private equity firm based in Appleton.
The transaction was led by Kreshmore Group’s Managing Partner Joseph Wabick.
Becker is a regional full-service boiler company serving the surrounding areas of Madison and Milwaukee. The company, founded in 1956, sells both hot water and steam boilers for various applications, including food processing, industrial, agriculture, commercial real estate, and education.
Fox River is a group of experienced Wisconsin-based investors and business owners who are intentionally focused on Wisconsin. This investment firm uses its combined investing and business operating experience to promote strategic opportunities for those looking to diversify portfolios or take on new business roles.
Kreshmore’sThomas G. Varga said, “The acquisition of Becker fits in with the long-term strategy of Fox River and its founder, Jason Salisbury. Under Jason’s leadership, Becker will continue to maximize growth and market share – we wish the entire Becker team continued success within Fox River’s family of companies.”
