President & CEO Bridge Industries
Chairman, CEO, Shareholder, TransTech Energy
Chairman, Multi Products
Jeff has a passionate belief in the viability of American manufacturing, especially privately held entrepreneurial companies.
Jeff is building Bridge based on the idea that manufacturing in the U.S. can thrive.
To date, this belief has created hundreds of jobs and significant returns for owners and shareholders.
The latest acquisition (2013) is TransTech Energy. The company designs, builds, installs and services storage systems for LPG (liquid petroleum gas) and NGL (natural gas liquids).
Jeff formed a partnership with the existing ownership and management team with a plan for continued expansion through capital investment, product development, geographic expansion, and strategic acquisitions.
Jeff invested in Multi Products in 2004, and has seen the company through the financial crisis and the Great Recession. The owner sold the company to Jeff because Bridge was the only firm committed to keeping the company in its hometown, Millersburg, OH.
Ongoing investments in people and equipment are making Multi stronger than ever.
Bridge and Cimarron Gas
Bridge sold its equity position in Cimarron Gas in 2012, after helping the company grow from about $10 million a year to more than $120 million in sales from 2005 to 2012.
Cimarron Gas was a customer of Multi Products. John Moore, President and Chief Executive Officer of Cimarron, and Jeff Berlin struck up a relationship and envisioned how Cimarron could grow quickly if they acquired its major vendor, Central Tank.
Jeff and John partnered and Bridge structured and led the October 2005 acquisition of Cimarron Gas and Central Tank, resulting in a fully integrated market leader in oil and gas dehydrator and separation equipment in the Rocky Mountain region.
After tripling revenue, John and Jeff decided to bring on an investor, Linx Partners, to continue the long-term growth of the business. Linx purchased control of Cimarron, forming a partnership with management and Bridge while creating a significant liquidity event.
After several years of robust growth and development, Cimarron was sold to Curtiss Wright Industries for $135 Million in 2012
Jeff earned his way through Miami of Ohio paying 100% of his education … and graduating with a degree in Accounting in 1984.
After a starting at Parker Hannifin in finance then American Consumer Products in acquisitions, Jeff was recruited by Ron Weinberg, CEO of Hawk Corporation, as VP of Corporate Development and VP of Sales and Marketing to grow that business.
Hawk Corporation Highlights:
1991: Sales $21 million, 120 employees, shareholders equity of $1.8 million
1991: Jeff Berlin joined Hawk
1994 – 2000 11 acquisitions, more than doubling the friction business and building the Precision Components Group
1998: Sales: $182 million, shareholders equity of $64.4 million
1998: IPO market capitalization of $151M and enterprise value of $254M.
2003: Sales of $235 million, 1600 employees in 16 plants around the world
Hawk sold the Friction business to the Carlisle Group for $400 million, and Precision Components to Net Shape Technologies for $94 million.
If you want a partner to provide good value for your business, while growing the value of your remaining share, talk to Jeff Berlin.