David N. Deutsch & Company Completes Sale of Shrinkfast for Carlyle Group

David N. Deutsch & Company completed the divestiture of NH-based ShrinkFast (the world’s leading maker of high-BTU, propane-powered thermal heat tools from Houston-based AFGlobal Corporation, a portfolio company of The Carlyle Group) to The Purcell Companies (the Chicago-based family office of Greg Purcell, founder of private equity leader Arbor Investments). Commencing in late 2019 with prep-for-sale, target identification, development of a re-articulated business strategy, recasting of financial statements and projections, through target discussions and meetings, mid-Covid, through negotiation of LOI and closing, DNDCo and its client prevailed in one of the most uncertain times in recent history.