CIT Backs Altamont Buy of Douglas Products

CIT Backs Altamont Buy of Douglas Products

CIT nf1CIT Group has provided a senior secured credit facility to back the July 2015 acquisition of Douglas Products by Altamont Capital Partners.  As part of this transaction, Douglas Products simultaneously acquired the assets of the Vikane and ProFume gas fumigant business from Dow AgroSciences.  The owners of Douglas Products – CEO Bill Fuller and CFO and COO Wes Long – have retained significant equity stakes in the combined company.

Douglas Products is a manufacturer and distributor of specialty chemical products for pest management, thermal fluids, and sanitary sewer applications. The Vikane and ProFume businesses expands Douglas’ presence in both the structural pest control and post-harvest commodity fumigation markets.  The company was founded in 1916 and is headquartered northeast of Kansas City in Liberty, MO (

jeff kilrea nf3“This acquisition financing highlights Altamont’s commitment to growing its portfolio of companies as Douglas’ experienced management team looks to capitalize on the opportunity to build a leading specialty chemicals platform,” said Jeff Kilrea, Group Head and Managing Director of CIT Sponsor Finance.

CIT Corporate Finance provides lending, leasing and other financial and advisory services to the small business and middle market sectors with a focus on specific industries, including: chemicals, commercial real estate, communications, energy, entertainment, gaming, healthcare, industrials, information services & technology, restaurants, retail, and sports & media ( The corporate finance group is part of CIT, a bank holding company with more than $65 billion in assets. CIT was founded in 1908 and is based in New York (

“Douglas has built an impressive business and we believe Vikane and ProFume are great additions. We are excited to partner with their management team to consummate this transaction, and continue to develop Douglas into a leading specialty chemicals platform. CIT was a strong financial partner for us in this transaction,” said Randall Eason, Managing Director of Altamont.

Altamont Capital Partners invests in middle-market businesses with specific interest in the financial services, government services, consumer/retail, industrials and healthcare sectors. Altamont was formed in 2010 by Jesse Rogers, Randall Eason and Keoni Schwartz who previously worked together at Golden Gate Capital and Bain & Company. The firm has over $1 billion of capital under management and is based in Palo Alto (

© 2015 PEPD • Private Equity’s Leading News Magazine • 8-5-15

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