Tag: Midwest Innovative Products

Rhino Cart Wins 2019 Most Innovative Product

The Rhino Cart all-terrain moving cart was created from the frustrations faced when using a traditional moving dolly. Door thresholds, small stones, cracks in the sidewalk, and uneven surfaces all stop a traditional dolly in its tracks. When you’re moving an awkward and heavy item, abrupt stops can be dangerous. We set out to simplify the effort needed to move large and heavy items at home, in the shop, and on the job.  

The Rhino Cart is specifically designed to conquer uneven and rough surfaces such as uneven hard pack dirt & gravel while carrying up to 1,000 lbs. With 8 heavy-duty urethane wheels, the Rhino Cart can roll up and over cracks, thresholds, ramps, transitions, stones, cords, and even 2×4’s. Moving just got easier. 

Rhino Cart is a division of Midwest Innovative Products. MIP has a long and successful history of manufacturing and sales in the tool and hardware industry. Rhino Cart and all MIP products are proudly made in the USA. 

After over a year of product development and research, Rhino Cart was officially unveiled at the National Hardware Show in May of 2019. Rhino Cart was an immediate hit at the show and won two prestigious awards: Most Innovative New Product and Retailers Choice Award. 

ABOUT

Rhino Cart is an all-terrain moving cart specifically designed to conquer thresholds, uneven surfaces, and even hard pack dirt & gravel. Rhino Cart is a division of Midwest Innovative Products. Visit: midwestinnovativeproducts.com


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What is Twist and Seal Anyway?

Over the last two years, I have been doing my best to explain the Twist and Seal products and now I have a great Twist and Seal video to do that for me.

Based in the Chicago suburb of Frankfort, Twist and Seal designs and manufactures patented devices that protect electrical cords from water damage. The device snaps over where two cords plug together or where cords plug into a multi-plug power strip to keep snow, rain, and ice from affecting the connection. Twist and Seal serves a wide range of customers, including homeowners hanging holiday lights, zoos, industrial operations, entertainment venues, construction sites, and municipalities.

Each Twist and Seal product has gone through rigorous lab testing, has been certified to industry standards and is manufactured in the U.S. Twist and Seal is a three-time recipient of the Most Innovative Product of the Year award at the National Hardware Show. Twist and Seal products can be found at most hardware stores, including Lowe’s, Home Depot, and Walmart and online at Amazon or twistandseal.com.

Twist and Seal Mini

Twist and Seal products are specifically designed to protect your outdoor extension cord connections. Perfect for holiday lights, outdoor lighting, and the job site.

  • APPLICATIONS – Perfect for keeping water, mud and melting snow away from extension cord connections. No more tripped outlets or lights going off when it rains or snows.
  • EASY TO USE – Unique and patented design will keep typical extension cord connections dry all season long. Simply place your connections inside and clamp latches down!
  • SAFETY – Helps prevents tripped outlets and reduce the risk of electrical shock. Independently lab tested to meet and exceed NEMA standards for protection against rain, sleet and ice.
  • HEAVY DUTY – Proudly made in USA! Constructed from commercial grade plastic that has UV protection.

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Colfax Creek Leads Recapitalization of Twist and Seal

Finding the right investor makes a difference. Any firm can invest in a company and provide capital, but Colfax Creek invests as a dedicated, long-term partner to drive business growth. That personal touch helped Colfax Creek founder Jason Duzan stand out against the competition in leading a recent recapitalization of Midwest Innovative Products, who does business as Twist and Seal, with the management team.

“After entertaining numerous offers from investment partners, Jason instantly rose to the top,” Twist and Seal founder and CEO Bryan Nooner said. “As a seasoned entrepreneur and founder of Midwest Innovative Products, I was looking for a partner that offered more than just capital. Having a partner that provided access to the appropriate funding was certainly important; however, it was not the key decision-making factor. Having the ‘right fit’ partner that understood both our current and future business needs was actually the critical hurdle that needed to be overcome.”

Colfax Creek’s investment will support Nooner in his vision to grow the Twist and Seal product line into more retailers, expand into new end markets, and introduce new products.

Based in the Chicago suburb of Frankfort, Twist and Seal designs and manufactures patented devices that protect electrical cords from water damage. The device snaps over where two cords plug together or where cords plug into a multi-plug power strip to keep snow, rain, and ice from affecting the connection. Twist and Seal serves a wide range of customers, including homeowners hanging Christmas lights, zoos, industrial operations, entertainment venues, construction sites, and municipalities.

Each Twist and Seal product has gone through rigorous lab testing, has been certified to industry standards and is manufactured in the U.S. Twist and Seal is a three-time recipient of the Most Innovative Product of the Year award at the National Hardware Show. Twist and Seal products can be found at most hardware stores, including Lowe’s, Home Depot, and Walmart.

“I am excited to partner with Bryan Nooner to continue to grow the Twist and Seal business,” Jason said. “I believe Twist and Seal is a real gem that has innovative and unique products, fantastic retail partners and, most importantly, a passionate CEO. Twist and Seal is a good fit for Colfax Creek, as we can leverage my experiences and resources leading investments in numerous consumer products businesses.”

The Colfax Creek Difference

  • The Colfax Creek difference starts before a deal has ever been made. Jason shows up at the table with 20 years of private equity experience, a willingness to develop a plan that works well for Colfax Creek and the company, and the drive to create an even better company together.
  • “Jason’s straight-forward and insightful demeanor demonstrated a tremendous amount of business acumen along with respect and caring for me and our growing organization,” Nooner said. “I really appreciated the ‘stick-to-it’ intensity level that Jason brought to the due diligence and acquisition process. He has developed a very efficient and thorough acquisition methodology that does not overburden the management team, allowing the company to focus on its operations. From the first meeting to closing, Jason kept his team on task and always followed through with what he said he would do. As a result of our partnership with Jason and his Colfax Creek organization, I am confident that our company is now positioned with the necessary strategic leadership and capital to grow.”

A Friend in the Business

  • As a private investment firm, Colfax Creek focuses on “smaller” middle market companies in the Great Lakes states where the team’s expertise can have the most impact and utilizing relationships to find outstanding operating partners and companies.
  • Andrew Chidester, an investment banker with Metolius Partners Inc., introduced Jason to Twist and Seal and the opportunity to recapitalize the company. Metolius helps companies find the best solution for their liquidity needs by assisting business owners with raising capital, selling assets, merging, and purchasing other businesses.
  • “It was a pleasure working with Colfax Creek on the successful closing of Twist and Seal,” Chidester “Jason and the Colfax Creek team were consummate professionals throughout the transaction process and delivered on the deal terms they initially proposed. Twist and Seal has gained a valuable partner in Colfax Creek, and I expect Twist and Seal to achieve significant success in the near future.”

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