Class VI Partners (“Class VI”, formerly known as “CapitalValue Advisors” or “CVA”) is pleased to announce the recapitalization of NucFil, LLC dba NFT (“NFT”, or the “Company”) by Benford Capital Partners (“Benford Capital”, or “Benford”). Class VI served as the exclusive financial advisor to NFT. “To represent NFT and find a partner passionate about the Company, its people, legacy, and next chapter of growth was a great honor,” said Peter Bessone, Associate for Class VI. “The Brassell family and Terry Wickland have built a truly mission-critical business deeply rooted in both environmental safety and national security. NFT has found a world-class partner in Benford and we are enthusiastic about the future and continued success for Terry and the NFT team.”
Founded in 1984 and headquartered in Golden, CO, NFT (https://www.nftinc.com/) is the leading manufacturer, fabricator, and service provider dedicated to the safe handling, transportation, storage, and analysis of nuclear material and waste in the United States with a growing presence internationally. NFT’s mission-critical products and services are used in various applications across government funded plutonium research, development, and production, and transuranic waste storage, transportation, and long-term disposal.
Terry Wickland, President & CEO, commented, “The Class VI Team expertly guided us through a very competitive M&A process, worked closely with our team, the Brassell Family owners, and our trusted advisors to find the perfect partner in Benford Capital. Benford is as eager to launch NFT into the next level of growth as we are. Our entire workforce has embraced this change and importantly, our customers will benefit too as we are better positioned to bring out new capabilities and technologies to serve the growing nuclear and environmental cleanup industry.”
“The Class VI team did the best job of any investment bank I have dealt with in the last 45 years. Knowing Gil and Cindy Brassell for over 35 years, they would have appreciated the Class VI team’s hard work in having their lifelong labor of love sold in the manner they handled it in,” said Dave Steiner, Founding Partner of EKS&H and tenured advisor to NFT.
“Terry Wickland and the NFT team have developed a strong portfolio of proprietary products with a reputation for extremely high quality and reliability,” added Brian Behm, Principal at Benford Capital. “We look forward to building NFT with Terry and leveraging Benford Capital’s pool of resources, including our operating partners, sector expertise, and M&A capabilities, to evolve the business to meet ongoing customer needs. In addition to expanding capacity and developing new products, we are excited to pursue M&A opportunities in our core market as well as adjacent products and services.”
The Company will continue to operate under the NFT name, providing industry leading products and services to the nuclear industry out of its locations in Golden, CO and Carlsbad, NM.
The transaction closed on June 18, 2021. Davis Graham & Stubbs LLP served as legal counsel to NFT, and Honigman LLP served as legal counsel to Benford Capital Partners.
For more information about the transaction, please contact Peter Bessone at (303) 243-5606 or pbessone@classvipartners.com.