Thompson Street Capital Partners has acquired Stone Panels, a producer of natural stone composite panels and stone veneers. Brookside Mezzanine Partners provided subordinated debt and an equity co-investment in support of the transaction.
Stone Panels is a producer of natural stone composite panels and stone veneers. The company manufactures natural stone composite panels for a wide variety of building construction, retrofit and design applications worldwide and is best known for its StoneLite® brand of panels, which can be as much as 80% lighter than traditional “heavy” stone, resulting in significantly lower structural building and installation costs. The company was founded in 1983 and is headquartered outside Dallas in Coppell, TX (www.stonepanels.com).
Thompson Street Capital Partners makes investments in manufacturing, service and distribution businesses with annual revenues between $20 million and $200 million, and a minimum EBITDA of $5 million. Thompson Street partners with management in recapitalizations, management buyouts, corporate divestitures, family businesses in transition, and take-private transactions. Founded in 2000, the firm has managed more than $800 million in private equity capital and is currently investing its third fund. Thompson Street Capital Partners is based in St. Louis (www.tscp.com).
Brookside Mezzanine Partners manages in excess of $500 million across three mezzanine funds. The firm is a provider of subordinated debt and minority equity capital to small and mid-sized companies throughout the United States. The firm invests in both sponsored and non-sponsored transactions and provides junior capital and unitranche financing to support buyouts, leveraged recapitalizations, strategic acquisitions, dividends and growth capital. Brookside will invest up to $20 million per transaction, with the resources to complete larger transactions as well. Brookside was founded in 2001 and has offices in Stamford, CT and Boston, MA (www.brooksidemp.com).
2014 PEPD • Private Equity’s Leading News Magazine • 11-25-14