Exited Portfolio
Company
Description
Industry
Status
Exit Date: 2021
Lignetics
Lignetics is the leading manufacturer of premium wood pellets and Pres-to-Logs® 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
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
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
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
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
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
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
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
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)
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
Food Management
Exit