Gen Cap America has sold its portfolio company Van Pool Transportation to Fort Point Capital. Gen Cap America acquired Van Pool in October 2008 and realized more than eight times its original investment on the sale.
Van Pool Transportation provides transportation to and from school for special needs children in more than 100 school districts across New England. The company was founded in 1980 and is headquartered in Wilbraham, MA (www.vanpooltransportation.com).
“The relationship between Gen Cap and Van Pool was very successful for both companies,” said Gen Cap America Senior Vice President Matt Lane. “Van Pool’s differentiated service model and its strong management team, led by CEO Kevin Hinkamper, were key factors in Gen Cap’s investment in Van Pool nearly six years ago, and we believe those same resources will usher in its next successful chapter of growth.”
Gen Cap America invests in companies with revenue between $5 million and $100 million that are active in the manufacturing, distribution or service sectors. The firm is actively investing Southwest Fund VI, a $165 million fund which began making investments in May 2010. Gen Cap was founded in 1985 and is based in Nashville (www.gencapamerica.com).
The buyer, Fort Point Capital, invests from $5 million to $25 million in service-oriented, lower middle market companies across a range of sectors, including business services, healthcare, consumer, and software and information. Fort Point Capital is currently investing from FPC Small Cap Fund I. The firm is based in Boston (www.fortpointcapital.com).
© 2014 PEPD • Private Equity’s Leading News Magazine • 4-21-14
