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PORTFOLIO
COMPANIES |
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Wholesale Floors, Inc.
Initial Purchase: 2008 |
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Wholesale Floors (WFI) is
the largest provider of design and installation services
for 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. Representative end clients include
PetSmart, Houston’s Restaurants, Peter Piper,
Monster.com, Avnet, Prudential, Cardinal’s Stadium,
Phoenix Convention Center and Mayo Clinic. WFI’s
strategy is to leverage its dominant position in the
Phoenix market by expanding through add-on acquisitions
in the Southwest and West regions. |
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LTN Staffing, LLC.
Initial Purchase: 2007 |
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LTN is a regional provider
of temporary employees for companies requiring light
industrial and assembly workers in the Northern Chicago
and Milwaukee markets. The Company provides
light-industrial staffing for low risk job
classifications. LTN’s temporary employees work in a
variety of manual and unskilled jobs including: light
assembly, wrapping, picking, packaging, customer
service, machine operations and inventory control as
well as medium and high skilled labor including fork
lift operators, quality control supervisors and clerical
technicians. |
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Fitz Vogt & Associates, LTD.
Initial Purchase: 2007
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Headquartered in Walpole,
NH, Fitz, Vogt, & Associates is one of the leading
independent providers of customized food management
services in the Northeast. The company’s customer base
includes assisted living facilities, senior nutrition
programs, schools and colleges, summer camps, county
health and correctional facilities, and business dining
facilities. |
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Fab-Tech, Inc.
Initial Purchase: 2007 |
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Located just outside of Burlington, VT,
Fab-Tech, Inc. is a developer and producer of
PermaShield Pipe systems; fully engineered, modular fume
exhaust and fluid transfer systems for highly corrosive
environments. The company is the preferred solution
provider and the dominant worldwide market leading
supplier to the semiconductor industry. |
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Defiance Metal Products
Initial Purchase: 2006
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Defiance
Metal Products is headquartered in Defiance, OH with two
production facilities in Defiance and one each in Heber
Springs, AR and Bedford, PA. The company is a leading
full-service, precision manufacturer of low- to
medium-volume, complex, engineered components and
assemblies for the commercial vehicle market. Defiance
serves leading original equipment manufacturers in the
medium to heavy duty commercial truck, bus, military
vehicle and commercial construction equipment markets.
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Gulfstream
International Airlines, Inc. Initial Purchase: 2006
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Gulfstream International
Airlines (“Gulfstream”) is a commercial air carrier
operating 220 flights per day to and from destinations in
Florida (11) and the Bahamas (9) with its fleet of 25
Beechcraft 1900D (19 seat) and 7 Embraer EMB-120 Brasilia
(30 seat) turbo-prop aircraft. Now flying as Continental
Connection in Florida, Gulfstream has become the 16th
largest regional air carrier in the US in terms of number of
passengers flown. The operation also includes a successful
flight training academy, many of whose graduates become
Gulfstream pilots. |
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Investment Theme: Expand
existing footprint, Proper Capitalization and Fleet
Financing
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Initial Investment: March
2006
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Orchids
Paper Products, Inc. Initial Purchase: 2004
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Orchids Paper Products,
based near Tulsa, Oklahoma, is a low-cost, value-oriented
manufacturer of tissue products, including private labeled
bathroom tissues, paper towels and napkins, and has been
successful in securing a market niche in serving the
“extreme value” retail channel. |
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Cattron-Theimeg, Inc. Initial Purchase: 2003
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Cattron-Theimeg founded
in 1946 and headquartered in Sharpsville, Pennsylvania,
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. |
| Add-Ons: |
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In 2004, Cattron-Theimeg
purchased Remtron and Beltpack Remote Control
Technologies, solidifying its position in the railroad
segment of the wireless remote control business. The
combined companies will also be able to offer a greater
range and depth of products to the industrial segment of
the radio remote control industry. |
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Aladdin Food Management Services, Inc. Initial Purchase: 2001
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Aladdin
Food Management Services, Inc 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. |
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In January of 2007, Aladdin
purchased Ameriserve Food Service Management, a strong
regional food service provider for colleges and
secondary schools. Headquartered in Columbia, Missouri,
Ameriserve’s clients span seven bordering states.
Aladdin acquired Ameriserve to gain additional market
share in this region of the country and expects to
realize significant operational and financial synergies.
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In December of 2004, Aladdin
purchased Dowling Food Service Management, a strong regional
food service provider for colleges, private K-12 schools,
healthcare facilities and businesses geographically
dispersed in the mid-Atlantic and mid-western regions. By
teaming up with Dowling, Aladdin secures a strong franchise
in the New Jersey public school market and expects to gain
significant operational and financial synergies. |
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In January of 2004, Aladdin
purchased Collegiate Catering, a strong regional food
service provider for colleges and business geographically
dispersed in the mid-Atlantic and mid-western regions.
Aladdin acquired Collegiate Catering to gain significant
operational and financial synergies. |
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