According to Peter Tkachuk, vice president sales and marketing Baldwin Asia-Pacific, the acquisition will give Baldwin the synergies to expand in to new markets. He says, “When you look at the tough conditions in the industry, this is a positive outcome for Baldwin.

There will be little change to Baldwin. We will continue to operate as a standalone business, and the security provided by Forsyth will enable us to focus on what we do best, process automation.”

As part of the transaction, Kyle Chapman, co-founder and managing director of Forsyth Capital Investors, will become Baldwin’s president, CEO and chairman of the Board.

Mark Becker, outgoing Baldwin President and CEO, continues as an operating advisor to both Baldwin and Forsyth Capital, and assumes a position on Baldwin’s new Board of Directors.

Commenting on the transaction with Forsyth Capital, Chapman says, “This new partnership significantly improves the financial strength of Baldwin and ensures our ability to continue to aggressively support our customers, employees and strategic partners.

“With the management support and capital provided by Forsyth, Baldwin can accelerate its plans for growth and improved profitability.”

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