Adva-Lite is the world's
largest manufacturer of penlights for the promotional
Adva-Lite sets themselves apart from their competition
through their ability to quickly design, print
and ship small, highly customized orders. In addition,
the company provides a broad array of very high
quality products to its distribution network.
Management Buyout - Adva-Lite was a "step-child"
division of a diversified manufacturing conglomerate.
FCP backed the division's top five managers in
a management buyout.
| Aquarium Systems
ASI is a leader in
the formulation and design of aquarium products.
The company manufactures, imports and markets
a full line of high quality aquarium products
for the pet supply industry. The company primarily
markets its products to manufacturers' reps and
distributors who in turn sell to independent pet
specialty stores and pet superstores.
Aquarium Systems is also the nation's largest
manufacturer of synthetic sea salt used in aquariums.
In addition, the company is a leading marketer
of electrical aquarium products including heaters
Owner Recapitalization - FCP acquired
Aquarium Systems through a recapitalization. This
structure allowed the owner to take significant
cash out of his business while still retaining
operating control and a large block of common
A leading contract
provider of tape and reel packaging services for
electronic component manufacturers. In addition,
Argosy offers its customers value-added services
including carrier tape fabrication and electronic
component inspection, programming, reconditioning,
Recapitalization - The owner partnered
with FCP to take some cash out of the business,
as well as to transfer some of the company's ownership
to his son.
Aspen is a leading
manufacturer, importer and marketer of high quality
dog and cat products for the pet supply industry.
The company produces a full line of innovative
collars, leashes and related accessories and selected
toy products that are uniquely packaged and attractively
merchandised through independent pet specialty
stores and pet superstores.
Owner Recapitalization - FCP acquired Aspen
through a recapitalization. This transaction allowed
the two owners to take significant cash out of
their business while still retaining operating
control. In addition, the company gained FCP as
an experienced financial partner to help fund
and manage the aggressive growth of the business.
Only three months after investing in Aspen, FCP
funded the acquisition of Booda Products, a Los
Angeles based manufacturer of dog and cat products
which complemented Aspen's product mix. The add-on
acquisition effectively doubled Aspen's annual
Coast Fire Protection
Atlantic Coast Fire
Protection (ACFP) is one of the Southeast's largest
designers, fabricators and installers of fire
protection systems for commercial, industrial
and residential buildings.
The fire protection industry is an extremely fragmented
market. ACFP sets itself apart from its competition
by providing "one stop" services to
its customers. The company uses its sophisticated
CAD/CAM capabilities to design entire systems.
ACFP fabricates the complete sprinkler system
and then provides turn key installation and maintenance
Owner Recapitalization/ Management Buy-In - This transaction was brought to FCP by a high
quality and experienced CFO. We structured a recapitalization
which allowed the founder to gain personal liquidity
while continuing to run the company as CEO. In
addition, this transaction afforded the opportunity
for the CFO to become an equity shareholder as
Bell'O is the design
trend leader in ready to assemble home theater
furniture offering a full line of home
entertainment furnishings, centered on the
burgeoning market for large screen, plasma,
digital light projection, and liquid crystal
Family Succession Recap - Bell'O's owner
partnered with FCP to gain liquidity and allow
certain family members of senior management to
participate in equity ownership.
The largest national
coordinator of land title surveys for the commercial
real-estate market. The company serves as a one-stop
source of surveys for multi-site transactions
throughout the U.S. The company also has three
regional offices that provide both commercial
and residential surveys.
Recapitalization - The two owners recapitalized
Bock & Clark to provide personal liquidity
and to transfer some ownership to two senior managers.
Club of America
Hauppage, New York
Book Club is an outsource
service provider to the publishing industry that
enables publishers to efficiently sell their surplus
inventory. Book Club alleviates the significant
costs incurred by publishers in the warehousing,
sales effort, and destruction of surplus books.
Recapitalization - The owners partnered
with FCP to diversify their net worth and gain
a financial partner who would help grow the company
to the next level.
Lambertville, New Jersey
Breen is a producer
of custom plastic colorants, primarily for blow
molders of consumer packaging and wire and cable
manufacturers. The high level of custom work and
extremely fast turnaround of samples and products
make Breen a leader in its field.
Management Buy-In - At the request
of the retiring seller, FCP brought to Breen a
leader in the plastic colorant industry to serve
as the new CEO. To the seller, the need for competent,
friendly leadership was just as important as economic
| Classic Rope
Classic is the nation's
largest manufacturer of lariats for Western roping
sports. Capitalizing on the Classic name, which
is widely recognized within the industry, the
company has successfully begun consolidating the
equestrian industry. Since the initial recapitalization
in 1996, Classic has acquired four companies.
Today, in addition to lariat manufacturing, Classic
sponsors and sanctions rodeos, manufactures saddles,
and publishes a magazine dedicated to roping enthusiasts.
The company also manufactures an extensive line
of equine and rider orthopaedic products.
Classic's operation is vertically integrated,
allowing the company to provide a broad array
of high quality ropes, accessories, and rodeo
shows to its customer base.
Owner Recapitalization - FCP backed
the founder in recapitalizing his company. Our
structure allowed him to take cash out of his
business while gaining FCP as a deep-pocketed
financial partner for growth. Since the initial
recapitalization, Classic has acquired four companies
within the equestrian industry.
| Coastal Resources, Inc.
is a provider of comprehensive repair, maintenance,
and depot services of intermodal containers, chassis,
and refrigeration units at intermodal transportation
terminals. Coastal provides these services to
a blue-chip customer base consisting of the major
steamship lines from four facilities located throughout
Recapitalization - Through FCP’s recapitalization,
the owner of Coastal Resources gained liquidity
to diversify his personal net worth, while also
maintaining daily operating control and a significant
ownership position in his company. With this ownership,
he will be able to capitalize on the company's
future expansion through organic growth, and add-on
acquisitions of similar companies competing within
the same industry niche.
Union, South Carolina
CPE is the nation's
largest manufacturer of craft felt for the arts
and crafts industry.
CPE markets uniquely packaged craft products
to arts and crafts retailers throughout North
Management Buy-in - The retirement of
this division's key operator created a management
void at the company. FCP backed a seasoned hobby
and craft executive in buying this entity from
the parent company.
the nation's largest manufacturer of disposable
aprons and sleeves used in a wide variety of applications
including food processing, electronics manufacturing
CPP provides its customers with
an extremely broad line of high quality products.
In addition, the company's automated manufacturing
facility also made the company the leading low
cost producer within its niche.
Owner Recapitalization - The two owners of CPP had been approached by
a large international buyer. The owners were not
ready to cash out entirely. Instead, they partnered
with FCP to recapitalize the company. The transaction
allowed the owners to take cash out of the business
while retaining significant equity ownership and
operating control of their company.
Custom Molded Products is a leading manufacturer of injection molded plastic components used in the spa, pool and jetted tub industries. Products include consumer facing pieces that are integral to the aesthetics of the spa, pool or tub such as jets, fittings and other various plastic components.
Recapitalization- the two owners sought a financial partner to diversify their net worth while maintaining operational control of the company. FCP supports growth through help developing organizational initiatives and assisting with add-on acquisitions.
Charleston, South Carolina
Environmental Express is the leading developer, manufacturer, and marketer of consumable supplies for the environmental laboratory testing market. Environmental Express is one of the only laboratory products companies to focus exclusively on the environmental testing market, supplying an entire range of products used in applications such as water/wastewater analysis, oil and grease analysis, metals concentration analysis, and hazardous waste analysis.
Recapitalization- The owner of Environmental Express pursued a recapitalization in order to diversify his estate, allow certain members of senior management to participate in the equity post-closing, capitalize on significant growth opportunities, and transition his role at the Company to focus more directly on product development.
| EP Pro
New York, New York
EP Pro is a premier
designer and marketer of branded ladies golf sportswear.
EP Pro's products are sold in over 2,000 golf
professional shops, country clubs and resorts
throughout North America and the United Kingdom.
Recapitalization - The two owners of
EP Pro partnered with FCP in an effort to diversify
their estates and gain a financial partner who
would support organic growth opportunities.
Shipper Racks, Inc.
Westlake Village, California
EZ Shipper Racks,
Inc. is the nation’s only reusable rack
rental, recovery, and closed loop logistics management
company for the efficient bulk shipping and display
of live goods from nurseries to retailers. The
company is currently branching into non-nursery
recoverable displays in the nation's leading home
Recapitalization - The three owners
partnered with FCP to diversify their net worth
and gain a financial partner who would support
growth in the nursery and hard goods markets.
Katzenberg is a leading
manufacturer of customized physical education
and team sports jerseys and shorts.
This 90 year old family business specializes
in selling customized, short run orders to high
schools, recreational leagues and sporting goods
Family Succession - FCP backed the third
generation in buying the company from the second
generation. This structure allowed the retiring
family members to take cash out of the business,
while also permitting the operating family members
to retain significant ownership and operating
Manufacturer of aftermarket
leather seating kits. The individual kits are
designed by the company, and are tailored specifically
to fit into a broad array of foreign and domestic
automobiles. The kits are installed in the aftermarket
by professional trim shops.
Recapitalization – The owner was
able to diversify his personal net worth and transfer
some equity ownership to two key executives at
Delray Beach, FL
Levin HomeCare is
one of Florida's largest nurse registries,
providing private duty home care services through
an independent contractor caregiver network
of home health aides and certified nurse
aides. Levin matches these caregivers with
the elderly and others needing assistance with
daily living activities. The company serves
a client base from Jacksonville to Miami,
Management Buyout- Levin's CEO
partnered with FCP in purchasing the company from
the owners. FCP will support Levin with new
systems and policies implementation, recruiting
key senior management positions, and growing the
company through opening new locations and
completing add on acquisitions.
| Lorvic Corporation
St. Louis, Missouri
Lorvic is a niche
manufacturer and distributor of disposable and
consumable dental products including a wide range
of oral cleaning solutions and infection control
Lorvic makes an extensive line of niche products
which are overlooked by large manufacturers because
of their lower unit volumes.
Management Buyout - The original founder
of the business sold the company to an international
medical company. FCP backed the founder's son
in buying the business back through a management
| M&R Marking Systems
Piscataway, New Jersey
M&R designs, manufactures
and markets a full line of high quality hand stamps
for the office supply industry.
The company is a leading innovator in the application
of new technologies to this market. In addition,
the company is the low cost producer of high quality
products due to its highly automated manufacturing
Family Recapitalization - FCP partnered
with the father and his two sons who owned and
operated the business. Our structure allowed the
family to take some cash out of the business without
giving up control of the company. The father and
two sons continue to operate the business just
as they had in the past. They also have the advantage
of working with a well funded financial partner.
Manan is a leading
manufacturer of a complete line of specialized
biopsy needles for mammography, hematology and
urology. In addition, the company produces a full
line of automatic biopsy guns used to obtain tissue
The company was founded in 1966 as a tool and
die manufacturer and has evolved into a specialty
medical company over the last three decades. The
company's cash flows are solidified by its diverse
customer base, its broad array of products and
the rigors of complying with FDA regulations.
Owner Recapitalization - FCP structured
a transaction which allowed the founding brothers
to take cash out of their business while still
running the company and retaining significant
Nations is one of
the largest fence installation companies in the
US. The company serves both the residential and
commercial markets and offers customers a wide
variety of fence products including wood, chain-link,
and PVC. Today, Nations has 11 branches from West
Palm to Philadelphia.
Consolidation - The owner sought a financial
partner experienced in consolidations. As of December
2002, FCP had backed the owner in making 10 add-on
| New Horizon Auto Paint/ Thompson Paint & Body Supply
Clearwater, Florida /
Los Angeles, California
Thompson is the nation's
dominant distributor of aftermarket auto paint
and related auto body repair supplies.
The aftermarket auto paint distribution business
is extremely fragmented. The company's extensive
distribution infrastructure allows Thompson to
provide rapid, high quality service to customers
within its region.
Industry Consolidation - FCP recapitalized
a large distributor in Clearwater and then funded
the acquisition of a competitor in Orlando. This
transaction allowed the founder to take cash out
of his business and continue to run the company
as he had in the past. At the same time, he gained
FCP as a financial partner to fund an aggressive
growth program which resulted in more than a dozen
acquisitions and a very successful initial and
secondary public offering. Thompson now generates
more than $200 million in annual sales.
| Niemand Industries
Statesville, North Carolina
Niemand is a leading
manufacturer of spiral wound paperboard packaging
for the cosmetics industry.
Niemand's niche centers around the company's
ability to quickly complete short runs of highly
decorated packaging for its customers.
Management Buyout - Niemand was run by
the second generation of absentee family owners.
FCP backed an industry expert in acquiring the
business and providing liquidity for the family.
| Perfecto Manufacturing
Perfecto is the nation's
second largest manufacturer of aquariums and related
accessories including hoods, stands, lights and
other decorative items.
Operating out of a 400,000 square foot plant
in Indiana, the company offers the most complete
line of aquariums available, with tanks ranging
in size from 5 to 300 gallons. In addition, the
company's Midwest location creates significant
Management Buyout - FCP backed the top
seven members of the incumbent management team
in acquiring Perfecto from its founder.
| Perky-Pet Products
Perky-Pet is one of
the nation's leading manufacturers of wild bird
feeders. From its 200,000 square foot facility
in Denver, Colorado, the company produces a complete
line of wild bird feeders and accessories. The
company is a leading supplier to the lawn and
garden, hardware and pet industries.
Owner Recapitalization - FCP partnered with
the two owners of the company in a recapitalization.
The transaction provided significant personal
liquidity for the owners. In addition, they continue
to own and operate the company just as they had
in the past. FCP will continue to provide strategic
support and additional capital for growth through
| Polymer Extruded
Newark, New Jersey
Polymer Extruded Products,
or PEP, is a premier manufacturer of specially
engineered and niche marketed plastic films and
sheets. PEP holds strong market shares in each
of its core product lines. Products manufactured
by PEP include Korad acrylic films which are used
as decorative and UV protective surfacing, and
plate polished cellulose acetate sheets which
are of optical quality and are used in safety
eye-wear such as face shields or ski goggles.
PEP's products are ultimately sold to "converters"
who perform additional operations on the product
or incorporate the material into a composite product,
which is then offered for sale to consumers.
Recapitalization - FCP partnered with
the company owner/operators in a recapitalization.
The transaction generated personal liquidity for
the owners, and more importantly, provided them
with a partner to back them in the acquisition
of strategically appropriate add-on acquisitions.
Aviation Group, Inc.
Group (PAG) is a leading provider of aircraft
parts and maintenance, repair and overhaul (MRO)
services for Rotary and Fixed-Wing aircraft.
The company operates two FAA certified Repair
Stations in Atlanta, GA and Transport Canada
approved Distribution / AMO facilities in
Vancouver, BC. PAG focuses on component
overhaul of Avionics, Instrumentation, and
Recapitalization - The owners
partnered with FCP in a recapitalization to gain
an experienced financial partner to assist PAG
with acquisitions and organizational development
initiatives such as systems implementation and
augmenting its’ management team.
| Prodelin Corporation
Hickory, North Carolina
Prodelin is the world's
largest manufacturer of composite VSAT antennas
used in satellite communications.
Prodelin provides a broad line of high quality,
custom engineered antennas for satellite system
Owner Recapitalization - FCP recapitalized
Prodelin with the two owners of the business.
The transaction allowed the owners to take cash
out of the company while retaining significant
equity ownership and operating control of their
business. In addition, a handful of other key
managers obtained equity ownership as a result
of the recapitalization structure.
Melville, New York
PTN is a leader in
the monthly trade magazine publishing business.
The company produces 68 monthly trade magazines
for 45 different industries.
PTN's magazine titles are typically the number
one or number two magazine within their field.
Industry Consolidation - FCP structured
a management build-up starting with three magazine
titles. Over a seven year period, the company
has grown through an aggressive acquisition program,
acquiring six trade shows and 65 additional magazine
serves as a one-stop source for a total business
solution. The company’s five core business units
- document management, promotional marketing,
fulfillment and distribution, technology services
and commercial printing, offer customers a
Recapitalization - The owner sought
to gain a strong financial partner to help his
company in growing through acquisitions. Source4
has completed six add-ons to date.
A leading independent
compounder, blender, packager, and marketer of
specialty lubricants. Products include 2-cycle
and small engine 4-cycle oils, bar and chain oil,
and hydraulic fluid, which are all commonly used
in power lawn and garden equipment.
Recapitalization - The owners sought
a liquidity event that would allow them to diversify
their personal net worth, while maintaining daily
operating control of the company.
Red Hawk is the nation’s
2nd largest provider of transaction / access security
(TAS) products and services. The company offers
sales, repair, and maintenance services on all
types and brands of TAS equipment including safes,
ATMs, safe deposit boxes, and CCTV systems. Red
Hawk’s customer base consists of financial
institutions and retail establishments.
Consolidation – The owner sought
an experienced financial partner who could back
him in an industry consolidation. Red Hawk and
FCP completed 14 add-on acquisitions during the
investment period growing revenues and profits
Pineville, North Carolina
Rutland is a leading
manufacturer of plastisols, which are additives
used to enhance the features of a variety of materials
including printing inks, adhesives, molding compounds,
sealants and coatings.
Rutland sells primarily to the textile, automotive
and industrial markets and has secured a leading
market share in each of these fragmented segments.
The company has established a well recognized
brand name over the past 30 years by producing
the finest specialized plastisols, providing innovative
solutions to customer problems and pioneering
many technological developments in the industry.
Management Buyout - FCP backed the top
seven members of the incumbent management team
in acquiring Rutland from its corporate parent.
| Standard Tool, Inc.
Greensboro, North Carolina
the industry’s most complete line of specialized
equipment, tools and accessories for automotive
collision repair shops, including the nation’s
best selling drive-on frame straightening racks.
More than 80% of the company’s sales are
generated by the Tools USA catalog, which is mailed
free of charge to independent, franchised and
dealership owned collision repair shops across
Owner Recapitalization/Management Buy-In - The founder of the business was looking for
the opportunity to reduce his duties at the company
without sacrificing his upside. FCP structured
a combination recapitalization/management buy-in.
This arrangement permitted the founder to take
cash out of his business and reduce his day-to-day
United States Environmental
Services offers oil and hazardous material emergency
spill response, tank and pipeline cleaning, utility
sector support, demolition, NORM cleaning, site
remediation and restoration, hydroblasting, and
in-plant maintenance services to customers in
the petrochemical, industrial, oil, and transportation
industries. The company operates nine locations
throughout the Gulf States region.
Recapitalization - Two owners sought
a liquidity event and a financial partner who
would support growth efforts spearheaded by the
Company’s president and senior management
Wheel Pros is the
country's largest independent distributor of custom
aftermarket wheels, performance tires, and related
accessories for cars, SUVs, and light trucks.
Wheel Pros operates 15 warehouse locations across
the U.S. and services a customer base consisting
primarily of retail tire shops.
Recapitalization - The two owners partnered
with FCP to diversify their net worth and gain
a financial partner who would support growth through
the opening of new warehouse locations across
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