At GCP we
pride ourselves on our diversity of business
partners and businesses we handle. Below is a
list of those business segments and the deals
we've made:
| Company
Sales |
| Company |
Description |
Transaction |
| American Auto Exchange, Inc. |
American Auto Exchange, Inc.
(“AAX”) is a leading software
provider to the automotive dealer marketplace.
Founded in 2001 in Dallas, TX, AAX’s
systems provide automotive dealers with decision
support, analytical tools and online trade
functionality to optimize management of pre-owned
vehicle inventory. |
Sold a controlling interest
in its equity to JM Dealer Services, Inc.,
a subsidiary of JM Family Enterprises, Inc. |
| American
Central Gas Technologies, Inc. |
American Central, headquartered in Tulsa,
Oklahoma, provides gas gathering and processing
services to producers by constructing pipelines
to gather gas from individual wells and then
aggregating that gas for compression, dehydration
and processing through centralized facilities.
American Central then delivers the gas to
various inter- and intrastate long-haul transmission
pipelines where it is then transported for
sale. |
Western Oklahoma Gas Gathering and Processing
Assets acquired by MarkWest Energy Partners,
L.P. |
| East Texas Gas Gathering and Processing
Assets of Panola County acquired by MarkWest
Energy Partners, L.P. |
| Atlantia
Offshore Limited |
Atlantia Offshore Limited is a leading
full service provider of offshore production
platforms for the oil and gas industry. Atlantia
also has a strong position in the deepwater
market with its proprietary SeaStar® Deepwater
Tension Leg Platform. |
Acquired by IHC/Caland |
| The
Baxter Group |
John L. Cox, Wing Corporation, Murphy H.
Baxter, Inc. and BJGB Holdings, Inc., collectively
are known as The Baxter Group |
Sold oil & gas properties
and related corporate interest to Empire
Energy III, Ltd. d/b/a Alpine Resources |
| Boots & Coots
International Well Control, Inc. |
Boots & Coots International Well Control,
Inc. is an American Stock Exchange-listed
company (AMEX: WEL) that provides a suite
of integrated oilfield services for the prevention,
emergency response, and restoration of blow
outs and well fires worldwide. |
Acquired HWC, the hydraulic well control
business of Oil States International, Inc. |
| Boring
Specialties, Inc. |
BSI is the leading provider of steel bar
precision deep hole boring and finishing
services to the domestic and international
oil and gas industry. |
Has been acquired by The Timken Company |
| Canyon
Cafe |
|
Acquired by Apple South, Inc. |
| Champion
Elevators, Inc. |
Champion Elevators, Inc. is a leading international
manufacturer of rack-and-pinion industrial
elevators headquartered in Houston, Texas. |
Acquired by McDonough Corporation |
| Compass
Bank |
Albrecht & Associates, Inc. provides
specialized divestment and advisory services
to the upstream oil and gas industry, operating
from the Company’s headquarters
in Houston and a satellite office in Denver.
The Company was founded in 1987 and has represented
sellers in asset sale transactions ranging
from $2 million to over $500 million in size.
Albrecht was a wholly-owned subsidiary of
Compass Bancshares, Inc. since late 1998. |
Sold Albrecht & Associates, Inc. to Morgan
Keegan, Inc., a division of Regions Financial
Corporation |
| Consumer
Credit Associates, Inc. |
Consumer Credit Associates is a repository
of consumer credit information. |
Acquired by First Data Corporation |
| Corlac,
Inc. |
Corlac Equipment Ltd., Alberta, Canada,
manufactures and services a broad line of
field production equipment. |
Acquired by National Oilwell |
| Crimson
Energy, L.P. |
Crimson Energy, L.P. is engaged in the
production of oil and natural gas reserves
from its properties located in the Gold River,
Austin Chalk and X-Ray/Sipe Springs fields. |
Sold its Texas oil and gas properties to
Huber Energy |
| Enerpro International, Inc. |
|
Sold its Cementing Products Division to
Weatherford Enterra |
| Acquired by Energy Ventures, Inc. |
| Flow
Design, Inc. |
Flow Design, Inc. is an industry leader
in the design and manufacture of flow control
devices for hydronic systems in the heating,
ventilating and air conditioning (“HVAC”)
industry. |
Acquired by IMI |
| Foodsource,
Inc. |
The FoodSource entitiesbased in Monterry,
California, provide a variety of produce
sourcing and distribution services including
produce procurement, contract management,
private label brand management, new item
development, merchandising, packaging and
transportation of produce. |
Operations and certain assets have been
acquired by C.H. Robinson Worldwide, Inc. |
| GDS
Engineers, Inc. |
GDS Engineers, Inc. is a leading full-service
engineering firm serving the refining, chemical
and petrochemical industries. |
Acquired by
SNC-Lavalin |
| Golfsmith
International, Inc. |
Golfsmith International, Inc.
is a leading catalog and specialty retailer
of golf clubs, golf club components and golf
apparel. |
Acquired the assets of Lynx Golf, Inc. |
| Gravel
Pack Rental, Inc. |
Gravel Pack Rental, Inc., New Iberia, Louisiana,
is a leading supplier of completion and workover
rental equipment used to optimize oil and
gas well productivity. Gravel Pack specializes
in the supply of gravel pack equipment, handling
tools, blowout prevention and coiled tubing
rental equipment. |
Acquired by a subsidiary of Oil States
International, Inc. |
| GreyStar Corporation |
GreyStar was established in 1995 and has
grown into one of the leading providers of
facilities management, operations, maintenance
and asset management services to the oil
and gas industry in the USA, Venezuela and
Mexico, including deepwater Gulf of Mexico.
GreyStar operates onshore oil and gas fields,
process plants and treating facilities as
well as deep and shallow water platforms
offshore. |
Sold a controlling interest to Penspen
Ltd. |
| HAL
Oilfield Equipment and Pump Company (“HALCO”) |
HAL Oilfield Equipment and Pump Company
(“HALCO”) is a leading designer,
manufacturer and distributor of centrifugal
mud slurry pumps and pump packages sold to
the drilling industry. |
Acquired by
National Oilwell |
| Hugoton
Energy Corporation |
|
Merged with Chesapeake Energy Corporation |
| Independent
Packaging, L.P. |
Independent Packaging, L.P. is a leading
designer and manufacturer of plastic packaging
for the wholesale bread bag market. |
Acquired by Printpack, Inc. |
| IPEC,
Ltd. |
IPEC Ltd., operates through two divisions;
pipeline & oilfield construction and
petroleum equipment & services. IPEC
is active principally in the Western Canadian
Sedimentary Basin and U.S. Rocky Mountain
region. |
Merged with Flint Energy Services, Ltd. |
| Integrated Services Company LLC |
Based in Tulsa, Oklahoma, Integrated Service
Company LLC (“InServ”) is an
integrated, full-service specialty contractor
providing construction, turnaround, repair
and maintenance services to the downstream
energy infrastructure market, which consists
primarily of refineries and petrochemical
facilities. InServ’s core competencies
include turnkey project execution through
program management and engineering, procurement
and construction services. |
Acquired by Willbros Group, Inc. for $225,000,000 |
| INTEREX,
Inc. |
INTEREX, Inc. is an international developer
and marketer of accessories, peripherals,
connectivity, surge suppression, power purification
and performance enhancement devices for PC
and MAC computers. |
Acquired 100% of the assets and business
of XLR8, Inc. and has established an Austin,
Texas office |
| R.P.
Kincheloe Co. |
Founded in 1919, Dallas, Texas based R.P.
Kincheloe Company is the largest and oldest
distributor of medical imaging equipment
in North America. |
Acquired by the Medical Systems Division
of Philips Electronics North America Corporation,
a member of the group of companies of Koninklijke
Philips Electronics NV |
| KTM
Products, Inc. |
KTM Products, Inc. is the exclusive North
American distributor of ball valves manufactured
by Kitamura Valve Manufacturing Company,
Ltd., of Tokyo for servere-service applications
to the chemical and petroleum industry. |
Acquired by an affiliate of Tyco Flow Control |
| LEDCO,
Inc. |
An affiliate of The Steinhardt Organization |
Acquired by an affiliate of Tejas Gas Corporation |
| The
Meadows of Wickenburg |
The Meadows of Wickenburg specializes
in the treatment of affective disorders and
compulsive behaviors. |
Substantially all of the assets
of The Meadows of Wickenburg have been acquired
by American Capital Strategies, a NASDAQ
Stock Exchange listed company |
| Merkel McDonald, Inc. dba Chippery |
Chippery manufactures frozen cookie
dough and thaw-n-serve cookies in a single
97,000 square foot facility in Austin,
Texas. Chippery serves national and regional
restaurant and hotel chains, stadium and
sports arenas, and is one of the largest
suppliers of frozen cookie dough to schools
and fundraising organizations. |
Acquired by
Otis Spunkmeyer, Inc. |
| MGM
Well Service, Inc. |
MGM Well Service, Inc., Corpus Christi,
Texas, is a provider of specialized oilfield
swabbing and plunger lift services. Additionally,
MGM manufactures and markets the Pacemaker
Plunger, a patented artificial lift system
which enhances well production. |
Acquired by Integrated Production Services,
Inc. An SCF Partners Portfolio Company. |
| MYTECH
Corporation |
MyTech Corporation designs,
manufactures and markets microprocessor-based,
digital, self-adjusting occupancy sensors,
HID dimming controls, photocells and other
lighting related electronic control products. |
Acquired by Hubbell Incorporated. |
| Nichols
Advanced Technologies, Inc. |
Nichols Advanced Technologies, Inc. develops
and markets PC-based library automation systems
to school, public, academic, business and
special libraries. |
Acquired by Sagebrush Technology, Inc. |
| NOVA Technology Corporation |
NOVA Technology Corporation, based in Broussard,
LA., supplies permanent monitoring, chemical
injection systems and multiline services
for deepwater and subsea oil & gas well
applications. |
Acquired by Baker Hughes, Inc. |
| ObjectSpace,
Inc. |
ObjectSpace provides technical
consulting, educational services and software
for designing distributed, object-oriented
computing systems. ObjectSpace Fab Solutions
provides factory level Advanced Process Control
software for yield enhancement to the global
semiconductor manufacturing industry. |
Acquired by KLA-Tencor |
| Precision
Flamecutting and Steel, L.P. |
Precision Flamecutting and Steel, L.P.
is a premium provider of value-added services
in the processing of steel plate to ustomers
in the
global oil and gas industry. |
Acquired by PNA Group, a portfolio company
of Platinum Equity |
| Prescott
Legal Search, Inc. and Prescott Legal Professionals,
L.P. |
Prescott Legal Search and Prescott Legal
Professionals are Texas’ premier providers
of permanent and contract legal staffing
services. Based in Houston and with branch
offices in Dallas and Austin, Prescott provides
full-time and contract attorneys to law firms
and corporate legal departments throughout
Texas. |
Acquired by Special
Counsel a division of MPS Group, Inc. |
| Red
Fox Environmental Services, Inc. |
Red Fox Environmental Services, Inc. is
a manufacturer of marine sanitation devices
and modular land-based wastewater treatment
systems in the U.S. and overseas. |
Acquired by Red Fox Management Services,
Inc. |
| Reef Chemicals |
Reef Chemical is an oilfield service company
providing production and stimulation chemicals
and services |
Acquired the Oilfield Downhole Acidizing
division of Freemyer Company, Inc. |
| RTRON,
Ltd. |
RTRON, Ltd is a Contract Manufacturer (“CM”)
that specializes in cable / harness assemblies,
electro-mechanical sub-assemblies and systems
integration. RTRON was established in 1998
and is headquartered in Stafford, Texas. |
Acquired by Flextronics |
| Ryan
Energy Technologies |
Ryan Energy Technologies, Inc. is a leader
in the development and provision of horizontal
and directional drilling technology and services
including Measurement While Drilling, Logging
While Drilling, Downhole Drilling Motors
and Well Site Data Management services. |
Acquired by Nabors Industries Ltd. |
| SeaCAT
Corporation |
SeaCAT Corporation, Houston, Texas, produces
and sells specialized coiled tubing products
that are a key component of umbilicals used
to control and service subsea oil and gas
production facilities. |
Acquired by Maverick Tube Corporation |
| Shower
Solutions, Inc. |
Shower Solutions, Inc., based in Houston,
Texas, manufactures and markets a patented,
curved shower curtain rod that is sold through
the retail channel, the catalog channel,
and to the hospitality market. |
Acquired by Focus Products Group, LLC a
portfolio company of Waveland Investments
LLC and Sterling Capital Partners |
| Silver
Eagle Distributors, L.P. |
Silver Eagle, based in Houston, Texas,
is one of the nation’s largest distributors of Anheuser-Busch products. |
Completed an acquisition of incremental
territory representing an approximate annual
volume of 2,090,000 case equivalents. |
| Acquired all of the assets of BudCo Limited |
| Spax
Incorporated |
Southwestern Pipe, Inc. and P&H Tube
Corporation (affiliates of Spax, Inc.) are
manufacturers and marketers of Mechanical
and Structural Steel Tubing, Galvanized and
Powder Coated Structural Tubing and Sign
Posts Systems, respectively. |
Acquired by Northwest Pipe Company |
| Staffing Now, Inc. |
Staffing Now, Inc., based in Des Moines,
Iowa, is
one of the fastest growing staffing companies
in the
United States, with offices throughout the
Midwest,
Northeast, Mid-Atlantic, Southeast and Texas.
Staffing
Now specializes in temporary and permanent
high-end office clerical and finance and
accounting staffing, primarily to small and
mid-sized companies. |
Acquired Q&A Recruiting, L.L.P. |
| Standard
Fruit and Vegetable Co., Inc. |
Standard Fruit and Vegetable
is a Dallas-based provider of procurement,
repacking, warehousing and distribution services
of fresh produce and other refrigerated products
for customers in the retail and food service
business. |
Acquired by Del Monte Fresh Produce Co. |
| Acquired a controlling interest in Arizona
Tomato Company, L.L.C. |
| Acquired a potato packing and distribution
facility from Chiquita Brands International |
| Southwestern
Wire Cloth, Inc. |
Southwestern Wire Cloth, Inc. is the second
largest distributor and manufacturer of industrial
wire cloth in North America with a strong
position in the markets for oilfield drilling
screens, filter packs for fibers and polymer
extrusions, and industrial separators and
screens. |
Acquired by Madison Filter |
| Synergy
Oil & Gas, Inc. |
Synergy Oil & Gas, Inc.
is a Houston-based independent energy company
engaged in exploration, development, acquisition,
exploitation and production of natural gas
and crude oil reserves. |
Acquired by Penn Virginia Corporation |
| Tech Spray, L.P. |
Tech Spray, L.P. is a world-class marketer and manufacturer of
specialty repair, maintenance, and production support products
for industrial, electronic and consumer markets worldwide. |
Acquired by Illinois Tool Works, Inc. |
| Tesco Corporation |
Tesco Corporation is a global leader in
the design, manufacture and service of technology-based
solutions for the upstream energy industry.
Tesco is a major supplier of Top Drive Drilling
Systems and is focused on the commercialization
of its patented Casing Drilling™ process. |
Acquired Bo Gray Casing and A&M Tubular
Maintenance |
| Tobin
International, Inc. |
Tobin International, Inc. is recognized
as the leading provider of geo-business information
systems technology to both the domestic and
international oil and gas industries. Tobin
offers a comprehensive array of land management
applications. |
Acquired by P2 Energy Solutions |
| TSG
IT Resources |
TSG IT Resources (“TSG”) is
a leading independent provider of information
technology (“IT”) staffing services.
Based in Stoneham, Massachusetts, and with
offices in Chicago, Illinois and Charlotte,
North Carolina, TSG offers a full range of
IT consulting services to its customers,
with a particular focus on clients in the
healthcare, financial services, government,
and retail industries. Among the specialized
skill sets provided by TSG are project managers,
business systems analysts, and quality assurance
engineers. |
Acquired by TEKsystems |
| Tulsa Industries, Inc. |
Tulsa Industries, through its subsidiary,
Mathey-Leland Manufacturing, Company, manufactures
wireline units and heavy duty oilfield truck
bodies. |
Acquired Quality Machine and Supply, Inc. |
| Acquired Cooper |
| Acquired Specialty Machine and Supply |
| Utex Industries, Inc. |
Utex Industries, Inc., a privately owned
company based and founded in Houston, Texas
in 1940, is a total solution provider of
fluid sealing products. The Company designs,
manufactures and services molded packing
and seals for reciprocating pumps, hydraulics,
proprietary high-tech O-ring seals, custom
rubber molded products, mechanical seals,
compression packing, gaskets, sheet gasket
products, and maintenance products. |
Acquired by Grey Mountain Partners |
| Wyndham Jade, L.P. |
Founded in 1983, Wyndham Jade is recognized
as a premier provider of travel and event
services to associations, trade groups, Fortune
1000 corporations and middle market companies.
Wyndham Jade’s services include incentives,
meetings, business travel fulfillment, and
convention housing and registration services. |
Acquired by An Investor Group led by the
Executive Management of the Company |
Back to
Top
| Private Equity |
| Company |
Description |
Transaction |
| Ambion, Inc. |
Ambion, Inc., “The RNA
Company,” is a market leader in the
development and supply of innovative RNA-based
life science research, diagnostic and therapeutic
products. |
Privately issued $10,000,000
of Preffered Stock to Telegraph Hill Partners |
| Austin
Innovations, Inc. |
Austin Innovations, Inc. is
an Austin, Texas, based company that designs,
manufactures and markets innovative nightlights
and other consumer lighting products based
on electroluminescent materials, a highly
energy-efficient and safe lighting technology. |
Privately issued Common Stock to General
Electric |
| BridgePoint
Technical Manufacturing |
BridgePoint provides
a variety of outsourced services to the semiconductor
industry, including semiconductor testing,
hi-end failure analysis, quick-turn packaging
and board assembly. |
Privately issued Preferred
Stock to a group of private investors |
| Privately issued $9,000,000 in Preferred
Stock to EOS Partners, L.P. |
| C&J Specialty Rental Tools, L.P. |
C&J Specialty Rental Tools, L.P. based
in Robstown, Texas, is a provider of coiled
tubing and pressure pumping services to the
oil & gas
industry in South Texas. |
Sold an interest in its equity to Hammond,
Kennedy, Whitney & Company |
| eCORP |
eCORP is engaged in the development
and operation of high deliverability natural
gas storage projects and gas-fired power
generation projects in strategic locations
throughout the United States. |
Privately issued Preferred Equity |
| FSV
Payment Systems, Ltd. |
FSV Payment Systems, Ltd. (“FSV” or
the “Company”) is a leading provider
of stored-value solutions, including payroll
cards, healthcare cards, gift cards, incentive
cards and check cashing cards. The Company
is headquartered in Houston, TX. |
Privately issued $10,000,000 of Series
A Convertible Preferred Stock to Berkley
Capital Investors, L.P. |
| Golfsmith
International, Inc. |
Golfsmith International, Inc.
is a leading catalog and specialty retailer
of golf clubs, golf club components and golf
apparel. |
Raised $30,000,000 in a Private Placement
from DLJ Investment Partners, L.P. |
| Hugoton
Energy Corporation |
|
Issued $20,000,000 in Common Stock to Odyssey
Partners, L.P. |
| INTEREX,
Inc. |
INTEREX, Inc. is an international developer
and marketer of accessories, peripherals,
connectivity, surge suppression, power purification
and performance enhancement devices for PC
and MAC computers. |
Privately issued $2,500,000 Subordinated
Debt with Warrants to Stratford Capital |
| MYTECH
Corporation |
MyTech Corporation designs,
manufactures and markets microprocessor-based,
digital, self-adjusting occupancy sensors,
HID dimming controls, photocells and other
lighting related electronic control products. |
Privately issued Preferred Stock to The
Austin High-Tech Trust. |
| Privately issued Preferred
Stock to The LBJ Holding Company. |
| Privately issued Preferred
Stock to MagneTek. |
| Netier
Technologies, Inc. |
Netier Technologies develops and delivers
customer-driven solutions focused on networked
devices and centralized management software. |
Privately issued $4,500,000 in Preferred
and Common Stock to a group of investors
led by Goff Moore Strategic Partners, L.P. |
| Oil & Gas
Asset Clearinghouse, L.P. |
The Oil & Gas Asset Clearinghouse markets
a comprehensive line of oil & gas property
acquisitions and divestiture services enabled
through Internet technology. |
Equity Investment in Company
by Petroleum Place |
| ObjectSpace,
Inc. |
ObjectSpace provides technical
consulting, educational services and software
for designing distributed, object-oriented
computing systems. ObjectSpace Fab Solutions
provides factory level Advanced Process Control
software for yield enhancement to the global
semiconductor manufacturing industry. |
Privately issued $10,000,000 in Preferred
Stock to Galileo International, Inc. |
| Progressive
System Technologies, Inc. |
Progressive System Technologies, Inc. manufactures
minienvironments, isolation technology and
automated material handling equipment for
the semiconductor and flat panel display
industries. |
Privately issued Preferred Stock to Advent
International Corporation |
| RenewData
Corporation |
RenewData Corporation is a leading provider
of electronic evidence, retention and data
recovery services for law firms and corporations
dealing with criminal, civil and regulatory
investigations. |
Privately issued $5,000,000 of Preferred
Stock to an undisclosed investor |
| SigmaTel,
Inc. |
SigmaTel, Inc. is a leading “fabless” semiconductor
company which designs and markets integrated
circuits for PC audio, infrared data transmission
and broadband modems for high-speed Internet
access. |
Privately issued $12,500,000 in Preferred
Stock to a group of investors led by Battery
Ventures |
| Symtx,
Inx. |
Symtx is a leading provider
of custom test equipment for the telecommunications,
wireless, RF/microwave and fiber optic industries.
Symtx specializes in the design and development
of turnkey test systems and software in the
final-test of leading-edge electronic devices
following production. |
Privately issued $8,000,000 in Preferred
Stock to EOS Partners, L.P. |
| Synergy
Oil & Gas, Inc. |
Synergy Oil & Gas, Inc.
is a Houston-based independent energy company
engaged in exploration, development, acquisition,
exploitation and production of natural gas
and crude oil reserves. |
Issued $20,000,000 of common stock to Natural
Gas Partners V, L.P. |
| Tulsa
Industries, Inc. |
Tulsa Industries, through its subsidiary,
Mathey-Leland Manufacturing, Company, manufactures
wireline units and heavy duty oilfield truck
bodies. |
Privately issued Preferred and Common Stock
to a group of investors, Equus II Incorporated |
| U.S.
Creative |
U.S. Creative has become the largest and
most extensive on-line resource for the creative
services industry. Uscreative.com is a unique
portal and infomediary servicing multiple
creative industry verticals by connecting
marketing and communications professionals
with suppliers of creative services, and
serving as a comprehensive on-line tool for
community information, interaction and e-commerce. |
Privately issued $5,000,000 in Preferred
Stock to Convergence Partners |
| iDirect,
Inc. / dba World.Hire |
World.Hire, based in Austin,
Texas, develops and markets Internet and
intranet recruiting software and services. |
Privately issued $1,500,000 of Preferred
Stock to a group of private investors |
| Privately issued $6,000,000 of Preffered
Stock to TL Ventures, Crosspoint Ventures,
and Kleiner Perkins Canfield and Byers |
Back
to Top
| Recapitalization |
| Company |
Description |
Transaction |
| AdPlex |
AdPlex serves consumer-related companies
that represent everything from high-end fashion
to grocery. AdPlex offers an array of services
including enterprise-wide retail application
software, rich media asset management, automatic
online ad production utilities as well as
database driven technologies that allow advertisers
to apply a more effective methodology to
versioning promotional material. |
Executed a majority recapitalization transaction
with Windward Capital |
| C&J
Specialty Rental Tools, L.P. |
C&J Specialty Rental Tools, L.P. based
in Robstown, Texas, is a provider of coiled
tubing and pressure pumping services to the
oil & gas industry in South Texas. |
Has executed a majority recapitalization
with a group led by Energy Spectrum Partners
IV LP, an affiliate of Energy Spectrum Capital |
| Gateway Energy Corporation |
Gateway Energy Corporation owns and operates
natural gas gathering systems, processing
plants and producing wells. |
Completed a recapitalization plan involving
the exchange of $19,508,000
of Preferred Stock for securities including
Subordinated Notes, Common Stock and Warrants. |
| JAG flocomponents n.a. |
JAG flocomponents n.a. (JAG), based in
Edmonton,
Alberta, is a leading manufacturer of industrial
valves used
to service the North American oil and gas
markets. |
Executed a majority recapitalization with
HSBC Capital (Canada) Inc. and Bear Growth
Capital Partners, LP |
| Newco Valves, L.P. (dba Newmans) |
Newco Valves, L.P. (“Newmans”),
headquartered in Houston, Texas, is a leading
manufacturer of commodity and specialty valves
under its NEWCO®, OIC® and COOPER® brand
names. Newmans also serves as an integrator
of specialty valves for the OEM market under
its MAJOR® brand and provides valve actuation
and modification services through its Precision
Actuation Systems business unit. |
Completed
a recapitalization led by Argonaut Private
Equity with a co-investment by BOKF Capital
Services Corp |
| Rennhack
Marketing Services, Inc. |
RMS is a leading business services
company focused on providing national premium
and incentive marketing services to the domestic
financial institution industry. |
Completed a majority recapitalization with
Brazos Partners |
| RockBit
International, L.P. |
RockBit International, L.P., based in Forth
Worth, Texas, is a leading designer and manufacturer
of a wide range of drill bits and measurement-while-drilling
tools and systems primarily used in the oil
and gas industry. |
Has executed a majority recapitalization
with Cherington Capital |
| Roofing
Supply Group, Inc. |
Roofing Supply Group, Inc. is one of the
largest wholesale distributors of roofing
supplies and related materials in the United
States, providing one-step distribution services
from the manufacturer to the contractor or
end purchaser. Founded in 1981, Roofing Supply
Group, Inc. operates 55 branches in 21 states. |
Has completed a majority recapitalization
with The Sterling Group |
| The
SCOOTER Store |
The SCOOTER Store, Inc. (“TSS”)
is a sales, distribution and service business
whose primary focus is providing mobility
equipment primarily power wheelchairs and
scooters to Medicare dependent elderly and
disabled patients throughout the United States.
TSS was founded in 1991 and is headquartered
in New Braunfels, Texas. |
Obtained a $30,000,000 Revolving Credit
Facility from Healthcare Business Credit
Corporation |
| Spitzer
Industries, Inc. |
Spitzer Industries, Inc. (“SII”),
headquartered in Houston, Texas, is a leading
custom fabricator of specialized equipment
and systems, pressure vessels and other custom
weldments. SII fabricates products for the
gas transmission and processing, onshore/offshore
oil and gas production, subsea oil and gas
tie-back, ASME Code pressure vessel and other
segments of the energy services industry |
Executed a recapitalization with The
Stephens Group, LLC |
| Supercircuits,
Inc. |
Supercircuits, Inc., based in Austin, Texas,
is the largest direct distributor of video
surveillance
components and systems. Supercircuits generates
product sales through its website and through
hundreds of thousands of catalogs that are
periodically
distributed to corporations, government
organizations, law enforcement agencies,
retailers,
schools, homeowners and other end-users with
security needs. |
Completed a majority recapitalization
with The Carlyle Group |
| Symtx,
Inc. |
Syntx is a leading provider
of custom test equipment for the telecommunications,
wireless, RF/microwave and fiber optic industries.
Symtx specializes in the design and development
of turnkey test systems and software in the
final-test of leading-edge electronic devices
following production. |
Obtained a $5,000,000 Revolving Credit
Facility from Comerica Bank |
| Trinity
Hospice, L.L.C. |
Trinity Hospice L.L.C. is one
of the nation’s largest independent
providers of healthcare services to the terminally
ill. |
Completed a majority recapitalization with
KRG Capital Partners, L.L.C. |
| U.S.
Legal Support, Inc. |
U.S. Legal Support, Inc., of
Houston, Texas, is one of the largest providers
of litigation support services in the United
States. The company offers court reporting,
certified record retrieval, temporary attorney
staffing, permanent attorney placement and
related services to law firms and corporations. |
Obtained a $9,000,000 Revolving Credit
Facility from Comerica Bank and $6,000,000
of Subordinated Debt with Warrants from Hubert
Management Corporation and Morgan Keegan |
| W-H
Holdings, Inc. |
The senior debt financing will be used
to acquire Thomas Tools, Inc., refinance
existing indebtedness and fund working capital.
Thomas Tools is an oilfield equipment rental
company operating primarily in the Gulf Coast
region of the United States. |
Obtained a $6,500,000 Senior Loan Term
and a $3,500,000 Revolving Credit Facility
from First Interstate Bank of Texas, N.A. |
| Executed a recapitalization with The Jordan
Company, LP - $75,000,000 |
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| Subordinated
Debt |
| Company |
Description |
Transaction |
| Canyon
Cafe |
|
Privately issued Subordinated Notes with
Warrants to Petra Capital, LLC and Phillips-Smith
Specialty Retail Group III, L.P. |
| Malachi
Mattress America, Inc. |
Malachi Mattress America, Inc.
is one of the largest and fastest growing
franchises of specialty sleep shops in the
nation, with 147 franchise stores in the
United States. |
Obtained $10,000,000 of Subordinated Debt
with Warrants from Finova Financial Innovations |
| Recompute
Corporation |
Recompute™ Corporation remanufactures
and markets top-tier, commercial grade Intel® 486
and Pentium® class Microsoft® Windows-based
personal computer systems. The Company sells
these pre-owned, excess, and off-lease personal
computers from Dell®, Compaq®, IBM®,
AST®, etc., at prices from 20%-70%
below new systems, directly to schools, businesses,
and consumers. |
Privately issued $3,100,000 of Subordinated
Debt with Warrants and Common Stock to Sirrom
Capital Corporation |
| Reef
Chemicals |
Reef Chemical is an oilfield service company
providing production and stimulation chemicals
and services |
Privately issued $3,000,000 of Subordinated
Debt with Warrants to Sirrom Capital Corporation |
| Surgimedics,
Inc. |
The proceeds raised were used to reduce
debt incurred by the acquisition of Denver
Biomaterials, Inc. |
Privately issued $2,000,000 Subordinated
Note with Warrants |
| Trinity
Hospice, L.L.C. |
Trinity
Hospice L.L.C. is one of the nation’s
largest independent providers of healthcare
services to the terminally ill. |
Obtained
$6,000,000 Revolving Credit Facility and
a $3,000,000 Subordinated Debt with Warrants
from Finova Financial Innovations |
| Tulsa Industries, Inc. |
Tulsa Industries, through its subsidiary,
Mathey-Leland Manufacturing, Company, manufactures
wireline units and heavy duty oilfield truck
bodies. |
Privately issued $6,000,000 of Subordinated
Debt with Warrants to Sirrom Capital Corporation |
| U.S.
Legal Support, Inc. |
U.S. Legal Support, Inc., Houston, Texas,
is one of the largest providers of litigation
support services in the United States. The
company offers court reporting, certified
record retrieval, temporary attorney staffing,
permanent attorney placement and related
services to law firms and corporations. |
Obtained a $9,000,000 Revolving Credit
Facility from Comerica Bank and $6,000,000
of Subordinated Debt with Warrants from Hubert
Management Corporation and Morgan Keegan |
| XServ,
Inc. |
XServ, Inc. is the second largest
U.S. provider of industrial scaffolding rentals
and labor services to the petrochemical,
power and pulp and paper industries. The
private placement enabled XServ to complete
the acquisition of Anco Industries and retire
some existing subordinate debt. |
Privately issued $5,000,000 in Preferred
Stock and $20,000,000 of Subordinated Debt
with Warrants |
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| Management-Led
Buyouts |
| Company |
Description |
Transaction |
| BridgePoint
Technical Manufacturing |
BridgePoint provides a variety
of outsourced services to the semiconductor
industry, including semiconductor testing,
hi-end failure analysis, quick-turn packaging
and board assembly. |
Acquired the manufacturing assets and legacy
products business of Ross Technology, Inc. |
| Enerpro
International, Inc. |
|
Acquired the threading and cementing products
businesses of Baker Hughes, Inc. |
| Noble
Logistics, Inc. |
Noble Logistics, Inc., based in Houston,
Texas, is a leading provider of niche local
and regional logistic/delivery services from
large wholesale automotive dealerships and
parts distributors to other wholesalers,
smaller dealerships and repair shops. Similarly,
the Company also applies its niche model
to the pharmaceutical industry, delivering
products to end users from regional distribution
facilities. |
Completed a management buy-out led by Pine
Creek Partners |
| Paradigm Buyout Corp. |
Paradigm Valve Services, Inc.
is a Houston-based valve remanufacturer serving
customers engaged in hydrocarbon refining
and petrochemical production. |
Acquired Paradigm Valve Services, Inc. |
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|