Linsalata Capital Partners has acquired a majority interest in Signature Holding Corp. and its subsidiaries from private equity firm Dubin Clark and Company. Signature’s founder and CEO, Arnon Rosan, re-invested alongside Linsalata in the transaction. The acquisition of Signature is the second platform investment in the recently raised sixth fund of Linsalata Capital Partners.
Signature is a designer, manufacturer and distributor of specialty ground surfaces and coverings such as temporary flooring, event turf and carpet, permanent specialty flooring and industrial matting. The company sells to a range of domestic and international end markets including oil, gas, mining and construction, special events, stadiums and arenas, sporting and athletic facilities, convention and conference centers and general commercial. Signature sells to over 3,000 customers and ships approximately 10,000 orders a year. The company is headquartered in New York (www.eventdeck.com).
“Signature is a great opportunity for Linsalata Capital Partners. Arnon and his team have done a wonderful job building a platform that leverages strong product development, a unique sales and marketing driven culture and exceptional service capabilities. We believe the growth prospects for Signature are very strong,” said Daniel DeSantis, Managing Director at Linsalata Capital Partners.
Linsalata Capital Partners invests from $10 million to $50 million of equity in middle market companies in an array of industries that have $7 million to $50 million of EBITDA and at least $300 million in enterprise value. The firm is currently investing from its seventh fund, Linsalata Capital Partners Fund VI, L.P., with $427 million in committed equity capital. The firm was founded in 1984 and is based in Mayfield Heights, OH (www.linsalatacapital.com).
Dubin Clark & Company is a private equity investment firm whose sole activity is buying and building businesses in partnership with their management teams. The firm was founded in 1984 and is based in Greenwich, CT (www.dubinclark.com).
BB&T Capital Markets Commercial & Industrial Investment Banking Group served as the exclusive financial advisor to Signature in this transaction. The Group provides M&A advisory and capital raising services across a variety of sectors including commercial and consumer durable goods, engineering and construction, building materials, industrial equipment and distribution, and flow control. BB&T Capital Markets is headquartered in Richmond, VA with offices in Boston, MA and Reston, VA (www.bbtcapitalmarkets.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 3-19-13
