Champlain Capital Partners has sold its portfolio company JSI Store Fixtures, a manufacturer of refrigerated wood merchandising displays, to RFE Investment Partners.
JSI Store Fixtures is a designer and manufacturer of refrigerated and non-refrigerated wood merchandising displays for the supermarket industry. JSI’s products are designed to showcase “fresh” merchandise in the produce, bakery, floral, wine and other high-traffic sections of the store perimeter. The company is based in Milo, ME (www.jsistorefixtures.com).
Prestwick Partners acted as the exclusive advisor to JSI and Champlain Capital Partners. Prestwick Partners is an investment banking firm that provides lower middle-market companies with merger and acquisition advisory services. The firm focuses on sales of entrepreneur-owned businesses; private equity divestitures; corporate divestitures; private placements of debt and equity; and strategic and financial advisory assignments. The firm was founded in 2003 and is located in Minneapolis (www.prestwickpartners.net).
RFE Investment Partners makes control equity investments of $10 million to $25 million in North American small market companies with at least $5 million in EBITDA and enterprise values of $20 million to $100 million. Sectors of interest include business services, niche manufacturing and healthcare services. Since its founding in 1979, RFE has made investments in more than 135 companies. RFE’s investment capital has spanned eight partnerships, collectively amounting to more than $1 billion of invested and available capital, and is currently investing from RFE Investment Partners VIII. RFE is based in New Canaan, CT (www.rfeip.com).
Champlain Capital Partners invests in middle-market companies with revenues of $20 million to $100 million and EBITDA of at least $3 million. Since 1992, the partners of Champlain have invested over $750 million in more than 45 companies. The firm has offices in San Francisco and Boston (www.champlaincapital.com).
© 2012 PEPD • Private Equity’s Leading News Magazine • 12-19-12