Northborne Partners

MINNEAPOLIS, MN, July 15, 2024 – Northborne Partners is pleased to announce that it served as the exclusive financial advisor to BETE, a renowned engineered spray nozzle and spraying systems manufacturer, in connection with its strategic merger with EXAIR, a leader in engineered compressed air solutions and static elimination. Financial terms were not disclosed.

Tom Fitch, President of BETE, commented, “As we embark on this exciting new chapter, EXAIR and BETE are committed to a seamless integration process, focused on our shared vision of quality, advanced engineering and service. We look forward to bringing together our teams, cultures and communities to build a stronger future. We are, without a doubt, better together.”

Eric Nicholson, Managing Director at Northborne, commented, “It was an honor to work on behalf of BETE, a fourth-generation, family-owned company founded in 1950, on this landmark combination. We look forward to following BETE’s continued success.”

About Northborne Partners

Northborne Partners is a preeminent middle market investment banking firm focused on providing M&A advisory services to companies in the food & consumer, healthcare, industrials and business services sectors. It specializes in advising private-equity-owned and closely held businesses on complex sell-side transactions. Northborne Partners is headquartered in Minneapolis, MN. For more information, please visit: https://northborne.com/.

About BETE

Founded in Greenfield, MA, in 1950, BETE’s spray nozzles and spraying systems are used all over the world to optimize processes in a variety of markets, including food, beverage, petrochemical, chemical, and pollution control. For more information, please visit: https://bete.com/.