Exited Portfolio

Company

Description

Industry

Status

Exit Date: 2021

Lignetics
Lignetics is the leading manufacturer of premium wood pellets and Pres-to-LogsĀ® fire logs used as a renewable fuel for home heating, in addition to manufacturing animal bedding, absorption products and barbeque wood pellets. Lignetics manufactures and distributes branded wood pellets from its three U.S. production facilities.

Headquarters: Louisville, Colorado

Add-on Acquisitions:
FEC (expected June, 2021)
GLRE (April, 2021)
Energex (February, 2020)
Woodpellets.com (January 2019)
New England Wood Pellet (February 2018)
Marth Companies (May 2017)
Geneva Wood Fuels (September 2015)
Bear Mountain Forest Products (January 2015)

Co-Investor: Gladstone Capital
Southfield Mezzanine

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Wood Pellets

Current

Exit Date: 2019

Fiber-Line
Fiber-Line is a market leading manufacturer of high-performance, coated fibers in the U.S. with a growing international presence. Fiber-Line takes raw fiber and applies proprietary, innovative coatings in a specialized manufacturing process which includes twisting, winding and splicing to enhance the performance characteristics of the fiber for use in a variety of industries, including fiber optics, oil & gas, composites and industrial.

Headquarters: Hatfield, Pennsylvania

Add-on Acquisitions:
Harding Yarns Advanced Fibers Business (August 2018)

Co-Investor: Ironwood Capital

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Coated Fibers Manufacturer

Exit

Exit Date: 2018

Defiance Metal Products
DMP is a full-service metal stamper, fabricator and painter of medium volume components and assemblies for the military vehicle, commercial vehicle, construction equipment and agricultural equipment OE Markets. DMP manufactures out of four facilities.

Headquarters: Defiance, Ohio

Add-on Acquisitions:
Medalist Laserfab (December 2009)

Co-Investors: John Hancock Life Insurance

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Metal Fabrication

Exit

Exit Date: 2015

Wholesale Floors (WFI)
WFI is the largest provider, design and installer of commercial flooring projects in the state of Arizona. WFI serves a diverse customer base ranging from hospitals and schools to restaurants and sports stadiums with a focus on the education, healthcare, municipal and corporate sectors.

Headquarters: Phoenix, Arizona

Co-Investors: SPP Mezzanine Partners II

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Commercial Flooring

Exit

Exit Date: 2014

ABC Peanut Butter
ABC manufactures peanut butter, peanut paste and other peanut by-products for a host of institutional and consumer markets. ABC also offers peanut blanching and roasting services. ABC was built as a custom blancher for the peanut industry serving many leading companies as a source of quality cleaned, blanched and sorted peanuts.

Headquarters: Fitzgerald, Georgia

Co-Investor: Ironwood Capital

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Peanut Butter Production

Exit

Exit Date: 2012

Williams Controls
Williams Controls is the leading manufacturer of electronic throttle controls for commercial vehicles. Its customers include many of the global leaders in the truck, bus, and off-road markets. It supports its customers in North America, Europe, and Asia with production facilities in Portland, Oregon, USA, Suzhou, China, and Pune, India.

Headquarters: Portland, Oregon

Co-Investor: American Capital Partners

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Electronic Throttle Controls

Exit

Exit Date: 2012

Fab-Tech
Fab-Tech is a manufacturer of modular fume exhaust and fluid transfer systems for highly corrosive environments. Fab-Tech is the preferred solution provider and the dominant worldwide market leading supplier to the semiconductor industry. Fab-Tech’s systems are marketed under the PermaSheild brand.

Headquarters: Burlington, Vermont

Add-on Acquisition:
Composities USA

Co-Investors: Midwest Mezzanine Fund IV, Parkway Capital Investors & Argosy Investment Partners III

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Fluid Control Systems

Exit

Exit Date: 2010

Cattron-Theimeg
Cattron is the world’s largest provider of industrial portable radio remote controls, with an estimated 100,000 installed systems serving more than 10,000 customers across several industries. Cattron’s RCT technology is used for cranes, locomotives, material handling equipment, mining machinery, mobile equipment, shiploaders, agricultural machinery, and virtually any equipment where the operator can be moved to a safer, more efficient location.

Headquarters: Sharpsville, Pennsylvania

Add-on Acquisitions:
Remtron and Beltpack Remote Control Technologies (2004)

Co-Investors: RFE Investment Partners & Argosy Investment Partners

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Industrial Controls

Exit

Exit Date: 2008

Boston Ship Repair
BSR is a vessel repair company specializing in repairing military/naval vessels and cruise ships. BSR has one of the largest dry docks with deep draft capabilities in the United States and its graving dock is the deepest in the Northeast serving customers on the East Coast of the U.S.

Headquarters: Boston, Massachusetts

Add-on Acquisitions:
Philadelphia Ship Repair (September 2007)

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Ship Repair

Exit

Exit Date: 2008

Aladdin Food Management Services
AFM is a leading regional provider of contract food management services with an aggressive business plan for growth in its geographic territory of the eastern United States, including schools, colleges, businesses, and health care facilities throughout the Mid-Atlantic and Southeast.

Headquarters: Wheeling, West Virginia

Add-on Acquisitions:
RFitz, Vogt, & Associates (April 2007)
Ameriserve Food Service Management (January 2007)
Dowling Food Service Management (December 2004)
Collegiate Catering (January 2004)

Co-Investors: Argosy Investment Partners and Parkway Capital Investors

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Food Management

Exit