Our low-leverage approach and focus on family and management held businesses helped make 2018 a productive year for Capital Partners:
- Four new platform investments
- Two add-on investments
- Successful exit of Roll Rite investment
- Additions to the Capital Partners team
FOUR NEW PLATFORM INVESTMENTS COMPLETED
In 2018 we invested in four new platform companies. In each investment we were fortunate to purchase family and management held businesses in partnership with incumbent management teams who continue to lead the business. We seek to identify and close corporate add-on acquisitions for each.
1. FLETCHER-TERRY
Capital Partners completed an acquisition of The Fletcher-Terry Company, (www.fletcher-terry.com) on January 23, 2018. Headquartered in East Berlin, Connecticut with additional operations in Italy, Fletcher has a focus on manufacturing equipment and supplies related to cutting, joining and forming operations. Fletcher-Terry markets its products under six globally recognized brands: Fletcher, Alfamacchine, Albin, AMP, Picture Perfect, and Atlas Saw & Tool, and is a recognized leader across a diverse range of industries, including custom and OEM picture framing; sign and digital graphics; hardware; woodworking; and float and glass fabrication industries.
2. CHROMASCAPE
We completed an investment in ChromaScape (www.chromascape.com) on April 6, 2018. ChromaScape is a premier producer of color dispersions and additives serving landscaping, building materials, and graphic arts , and food markets from its headquarters in Twinsburg, Ohio, and additional locations in Kentucky, Texas and Arizona.
3. SUR-SEAL
Capital Partners invested in Sur-Seal (www.sur-seal.com) on June 1, 2018. Headquartered in Cincinnati, Ohio, Sur-Seal is a leading provider of custom-designed sealing solutions along with related components and assemblies. Its products are used in critical applications by OEMs in the lighting, heating and cooling, medical, and various industrial end-markets.
4. MINIMIZER
Capital Partners completed an investment in Minimizer (www.minimizer.com) on August 31, 2018. Minimizer, headquartered in Blooming Prairie, Minnesota, is a leading manufacturer and distributor of branded heavy-duty truck aftermarket products including fenders, brackets, floor mats, and seats. Minimizer uses creative marketing and ecommerce strategies to reach end users, grow brand awareness, and drive sales growth through its extensive distributor network.
TWO PORTFOLIO COMPANIES COMPLETED CORPORATE ADD-ON ACQUISITIONS
1. CMI ACQUIRED MANTLE
On October 31, 2018 CMI Limited Co. (www.cmisheetpiling.com) a manufacturing of polymer sheet piling and aluminum marine products purchased Mantle Industries, a leading producer of aluminum ramps, gangways, catwalks and bridges. Mantle serves the northwest United States, Alaska, and Canada from their facility based in Blaine, Washington. Mantle, along with CMI’s existing aluminum fabrication division, Gator (GatorDock and GatorBridge), will continue to serve the aluminum marine access and pedestrian bridge markets with an expanded product offering and geographical reach.
2. M&Q ACQUIRED FLAVORSEAL
M&Q Holdings, LLC acquired Flavorseal, LLC on February 8, 2018. In addition to Flavorseal’s flexible packaging, netting, packaging equipment, and consumables products, M&Q was especially excited by Flavorseal’s Seasoning Transfer Technology, which incorporates seasonings and bold flavors into various forms of flexible packaging for its food processing customers.
ROLL-RITE SALE TO SAFEFLEET
On December 5, 2018, Capital Partners Private Equity Income Fund, LP, co-investors, and Roll·Rite management owners sold Roll·Rite®, LLC (www.rollrite.com) to SafeFleet Holdings, LLC. Roll·Rite designs and manufactures state-of-the-art, automated tarp systems for the heavy duty trucking industry serving the construction, agriculture, waste, and recycling markets.
STRENGTHENED OUR TEAM
Taylor Perry joined Capital Partners as a Senior Associate, Morgan Murray as Associate, and Hongbo Chen and Berat Rifati each joined our team as Fund Controllers. Capital Partners also promoted three executives based on their contributions, with Anastasia Kowal becoming Chief Financial Officer and Mark Langer and James Sidwa becoming Managing Directors.
We are actively seeking new platforms and add-on investments.
Please contact John Willert with opportunities:
jwillert@capitalpartners.com
203-625-0770