Transom Capital Group sells Uncle Milton Industries
Transom Capital Group has sold Uncle Milton Industries to KCB Management.
The sale represents Transom Capital's second successful exit within the last 12 months.
Founded in 1946, Uncle Milton creates, develops and markets science and nature-based toys for children of all ages.
Uncle Milton's flagship Ant Farm ant habitat was first introduced in 1956. Since then, Uncle Milton has broadened its portfolio of proprietary and licensed product lines including the In My Room, Star Wars Science, and National Geographic brands.
Uncle Milton distributes its toys through a wide range of retail channels including mass merchant, specialty toy, online, hobby, gift, and department stores throughout the US.
"Uncle Milton has been a tremendous success story for Transom Capital and we're happy to see it in the hands of its new owner, KCB Management, who will shepherd it through its next stage of growth with the current management team," says Ken Firtel, managing director of Transom Capital. "Uncle Milton is special to us; there was plenty of blood, sweat and tears that the Transom Capital team poured into making this investment a success. Above all, we're excited to see the many successes that the company will achieve in coming years."
"The strides that Uncle Milton has made under Transom Capital's ownership cannot be understated," says Uncle Milton president Frank Adler. "Without a doubt, Transom Capital has been a key strategic sounding board to Uncle Milton's management team. The Transom Capital team helped us think through a wide variety of complex issues affecting the business and always maintained confidence in our ability to execute. I'm grateful for Transom Capital's support during the past couple of years and look forward to working with our new owners."
Terms of the transaction have not been disclosed.
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