Castle Harlan Buying Baker & Taylor15 May, 2006 By: Jessica Wolf
Chicago-based private equity fund Castle Harlan Inc. is buying distributor Baker & Taylor for $455 million from Willis Stein & Partners.
Also a private investment firm, Willis Stein & Partners originally acquired the Charlotte, North Carolina-based video distributor in July of 2003.
"Baker & Taylor is a very successful investment for our firm,” said Daniel Blumenthal, Managing Partner of Willis Stein & Partners. “Working closely with management, we were able to build on the outstanding Baker & Taylor legacy by improving and streamlining the company's overall operations, delivering new and innovative products and services to customers, and gaining market share through organic growth and strategic acquisitions."