Patch Products Acquired by Topspin

We were just talking about Stratego and Patch Products last week while I was in Canada (posted here), and now I see the news that Patch has been sold to private equity fund Topspin Partners. According to the news post:

“Under the new ownership, Bob Wann will remain CEO of Patch Products. The company will remain at its Beloit headquarters under the the same management team. There are no plans to lay off employees or restructure the company following the acquisition, a spokesperson for Patch told Playthings.”

This should mean “business as usual” for the company, which fits the Topspin site’s statement that:

“We hold firmly to the principle that if a company is managed with the long-term in mind, good things will come to all involved. We serve as trusted advisors to our management teams, collaborating with them on strategic, financial and operational initiatives.”

This all sounds like it could be great news for Patch Products. Good luck with the new owners!