Ancor Acquires Transhield
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Ancor Acquires Transhield

transhield nf1Ancor Capital Partners has acquired Transhield, a maker of protective covers for boats, vehicles and equipment during storage or transit.  Midwest Mezzanine provided subordinated debt and equity and the senior management team of the company also participated in the transaction.

raymond kingsbury nf1“Transhield is led by a strong management team who chose to reinvest with us and we are excited to partner with them as we continue to expand the markets which the company addresses,” said Raymond Kingsbury, Ancor Managing Partner.  “Corrosion protection is a growing market that is becoming increasingly important to our customer base and Transhield’s products are the most advanced in the market to protect its customers’ products and equipment.”

Transhield develops and engineers protective and corrosion inhibiting covers for the protection of boats, vehicles and equipment during storage or transit. The company’s products are sold into the marine, military and industrial markets. Transhield is based in Elkhart, IN (www.transhield-usa.com).

 “The ability to team with an equity sponsor such as Ancor and Midwest Mezzanine is exciting to us, especially due to Ancor’s operational experience and their success with other portfolio companies that are similar to Transhield,” said Jim Glick, President of Transhield.  “The company is at an important inflection point in its growth and to have the expertise of these groups will help us achieve our growth initiatives.”

randall keene nf1“The purchase of Transhield is exciting for Ancor as it is the second acquisition of a platform company for Ancor in 2014,” said Randall Keene, Managing Partner of Ancor.  “This year we have acquired two platform companies, Transhield and Identity Group, sold one platform, Carex Health Brands, and have strengthened a number of our other portfolio companies.”

Ancor Capital Partners invests in companies with enterprise value of $25 million to $150 million that have EBITDAs from $5 million to $15 million. Sectors of interest include manufacturing, distribution, health care, consumer staples, and outsourcing. The firm is based in Fort Worth (www.ancorcapital.com).

“2014 is shaping up to be one of Ancor’s best years and we appreciate the confidence our investors and management teams have placed in us as we continue to build our firm,” added Mr. Keene.

2014 PEPD • Private Equity’s Leading News Magazine • 11-6-14

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