Pacific Northern, a designer and manufacturer of product displays and fixtures, has been acquired by Barton Creek Equity Partners and Tuckerman Capital. Pacific Northern’s management team will retain a significant ownership interest in the company.
Pacific Northern is a designer and manufacturer of product displays and fixtures for the luxury retail industry. Sectors served include watch, optical, jewelry, clothing, and accessory brands. The company operates manufacturing facilities in Asia and sales activities in the Americas, Europe, and Asia. The company was founded in 1987 and is headquartered in Dallas (www.pacificnorthern.com).
“We are excited to have Barton Creek and Tuckerman Capital as our new partners. Their experience and expertise helping founders and management teams build and grow great companies that serve customers exceedingly well are an excellent fit for the next stage of our growth,” said Eddie Lee, Founder & CEO, of Pacific Northern.
Barton Creek Equity Partners invests in companies based in Texas, Oklahoma, and the surrounding states, that have revenues of $5 million to $50 million, EBITDAs of $2 million to $10 million, and enterprise values of $5 million to $50 million. Sectors of interest include aerospace & defense; automotive; building products/construction/infrastructure; energy; environmental; food; healthcare; media/publishing; and transportation/value-added distribution. The firm is based in Austin, TX (www.bartoncreekequity.com).
“Eddie, his family, and the Pacific Northern team have built a top-notch company that provides critical services to world class customers in several luxury goods markets. A number of opportunities exist to expand and improve the company’s offerings, and we are thrilled to work with the team to pursue these growth and development opportunities,” said Ron Duncan, Founder & Managing Partner of Barton Creek Equity Partners.
Tuckerman Capital invests in companies with enterprise values between $8 million and $30 million. Specific areas of interest include companies that manufacture highly-engineered, non-commodity products across a range of industries, as well as niche service and distribution businesses. Tuckerman Capital is based in Hanover, NH (www.tuckermancapital.com).
“Partnering with Barton Creek Equity Partners and the Pacific Northern team is a great fit for Tuckerman. Our strategy has always centered on investing behind great management teams supported by experienced deal partners, and we’re excited to add Pacific Northern to our portfolio,” said Nick Russell, a Partner of Tuckerman Capital.
Amegy Bank (www.amegybank.com) provided financing for this transaction.
© 2013 PEPD • Private Equity’s Leading News Magazine • 11-12-13