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retail displays

Grey Mountain Acquires Fleetwood Industries

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fleetwood nf1Grey Mountain Partners has invested in Fleetwood Industries, a provider of retail display systems.

“Our new financial partnership with Grey Mountain Partners provides us access to the capital required to continue to grow and lead our industry through innovation and the highest possible quality and service levels. We are proud of our legacy and now proud to have Grey Mountain supporting our path into the future,” said Don Doherty, Fleetwood’s President and CEO.

Fleetwood Industries (dba Fleetwood Fixtures) is a provider of retail display systems and related program management services. The company sells its products globally to retailers and consumer products brands. Services include design, engineering, program management, global sourcing and logistics support.  The company was founded in 1968 and is headquartered in Leesport, PA (a 287,000 sq. ft. facility).  Fleetwood also has service locations in New York and Chicago as well as an Asian headquarters in Shanghai (www.fleetwoodfixtures.com).

“We are thrilled to partner with Don Doherty and his team as they execute upon an exciting business plan and continue serving Fleetwood’s diverse customer base,” said Will Pucillo, Senior Associate at Grey Mountain.

Grey Mountain Partners invests up to $75 million in control acquisitions of companies with enterprise values between $30 million and $150 million. Sectors of interest include aerospace & defense, building products & materials, business process outsourcing, diversified manufacturing, energy & power, financial services, food & beverage, healthcare services & technology, industrial services, packaging, professional services, specialty chemicals, technology, transportation & logistics, wholesale and distribution.  The firm has approximately $700 million of assets under management and is currently investing from its third fund, which was raised in 2013.  Grey Mountain was founded in 2003 by Managing Partners Rob Wright and Jeff Kuo and is based in Boulder with an additional office in Minneapolis (www.greymountain.com).

© 2014 PEPD • Private Equity’s Leading News Magazine • 4-29-14

Barton Creek and Tuckerman Acquire Pacific Northern

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pacific nfPacific Northern, a designer and manufacturer of product displays and fixtures, has been acquired by Barton Creek Equity Partners and Tuckerman Capital. Pacific Northern’s management team will retain a significant ownership interest in the company.

Pacific Northern is a designer and manufacturer of product displays and fixtures for the luxury retail industry. Sectors served include watch, optical, jewelry, clothing, and accessory brands.  The company operates manufacturing facilities in Asia and sales activities in the Americas, Europe, and Asia. The company was founded in 1987 and is headquartered in Dallas (www.pacificnorthern.com).

pacific f

“We are excited to have Barton Creek and Tuckerman Capital as our new partners. Their experience and expertise helping founders and management teams build and grow great companies that serve customers exceedingly well are an excellent fit for the next stage of our growth,” said Eddie Lee, Founder & CEO, of Pacific Northern.

Barton Creek Equity Partners invests in companies based in Texas, Oklahoma, and the surrounding states, that have revenues of $5 million to $50 million, EBITDAs of $2 million to $10 million, and enterprise values of $5 million to $50 million. Sectors of interest include aerospace & defense; automotive; building products/construction/infrastructure; energy; environmental; food; healthcare; media/publishing; and transportation/value-added distribution. The firm is based in Austin, TX (www.bartoncreekequity.com).

“Eddie, his family, and the Pacific Northern team have built a top-notch company that provides critical services to world class customers in several luxury goods markets. A number of opportunities exist to expand and improve the company’s offerings, and we are thrilled to work with the team to pursue these growth and development opportunities,” said Ron Duncan, Founder & Managing Partner of Barton Creek Equity Partners.

Tuckerman Capital invests in companies with enterprise values between $8 million and $30 million. Specific areas of interest include companies that manufacture highly-engineered, non-commodity products across a range of industries, as well as niche service and distribution businesses. Tuckerman Capital is based in Hanover, NH (www.tuckermancapital.com).

“Partnering with Barton Creek Equity Partners and the Pacific Northern team is a great fit for Tuckerman. Our strategy has always centered on investing behind great management teams supported by experienced deal partners, and we’re excited to add Pacific Northern to our portfolio,” said Nick Russell, a Partner of Tuckerman Capital.

Amegy Bank (www.amegybank.com) provided financing for this transaction.

© 2013 PEPD • Private Equity’s Leading News Magazine • 11-12-13

H.I.G. Capital Exits DIAM International

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H.I.G. Capital has sold its portfolio company, DIAM International, a designer and manufacturer of point-of-purchase displays, to LBO France, a French private equity firm. H.I.G. had invested in DIAM in 2007, through its European affiliate H.I.G. Europe, and its credit affiliate Bayside Capital.

DIAM is a designer and manufacturer of high quality luxury and retail point of purchase displays. The company’s primary business segments include prestige retail displays, mass-market displays, non-cosmetic displays and installation services. DIAM has more than1,300 employees in 13 countries throughout Europe, Asia, Africa, North America, and Australia and is based in Paris (www.diaminternational.com).

“H.I.G. has been a tremendous partner to DIAM and has been instrumental in helping us execute our growth strategy,” said Michel Vaissaire, Chief Executive Officer of DIAM. “In the last five years, we’ve significantly expanded our international sales, made a key acquisition, and made sizeable investments to improve our market leading customer support and manufacturing efficiency. We are very happy to now welcome LBO France as a shareholder.”

H.I.G. Capital specializes in providing capital to small and medium-sized companies and invests in management-led buyouts and recapitalizations of manufacturing or service businesses. Since its founding, H.I.G. has invested in and managed more than 200 companies and the firm’s current portfolio includes companies with combined revenues in excess of $8 billion. H.I.G. Capital has more than $8.5 billion of equity capital under management and is based in Miami, FL and has other offices in Atlanta, GA; Boston, MA; San Francisco, CA; London, UK; Rio de Janeiro, Brazil; Hamburg, Germany; and Paris, France (www.higcapital.com).

“DIAM was an extremely successful investment for H.I.G.,” said Olivier Boyadjan, Managing Director of H.I.G. in Paris. “Michel Vaissaire and his team significantly increased sales and earnings over the past five years, and the team has driven DIAM to the forefront of the global POP market under his leadership. We have no doubt that the company will enjoy continued long-term success.”

© 2012 PEPD • Private Equity’s Leading News Magazine • 9-19-12

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