Cleveland, Ohio – December 12, 2014 — Cyprium Partners (Cyprium), a private equity firm focused on making non-control investments, announced today an exit from its investment in Honsador Holding LLC (Honsador) in a sale to Grey Mountain Partners.
Honsador Holding LLC, head quartered in Kapolei, Hawaii, is the holding company that was formed to acquire three related subsidiaries: Honsador Lumber, Ariel Truss, and Honolulu Wood Treating. Following Cyprium’s original investment, the company purchased Alpha Electric Supply, the largest independent electrical supply distributor in Hawaii, and acquired the assets of Aloha Lumber to expand its presence on the island of Kauai. Today, Honsador is the largest independent distributor of building products and electrical supplies in the state of Hawaii. Find out more about Honsador at www.honsador.com.
“The Honsador-Cyprium team proved to be a formidable one as the Company has increased its revenue, end-markets, geographic footprint and employee base since our original investment,” said John Sinnenberg, Chairman of Cyprium Partners and leader of the Honsador investment team for Cyprium. “We thank the management team and employees of Honsador for making this investment a successful one for Cyprium and wish them the best as they continue with their growth.”
Duff & Phelps was retained by Cyprium and the Company to lead the Honsador sale process.
About Cyprium Partners
Cyprium Partners is a private equity firm focused on making non-control (minority ownership) investments. Cyprium utilizes a combination of subordinated debt, preferred stock and/or common stock to enable privately-held businesses, entrepreneurs and management teams to achieve their financial and/or strategic objectives. With offices in Cleveland, New York and Chicago, the firm invests $10 million to $60 million per transaction in U.S. and Canadian companies that have $10 million or more of EBITDA. Learn more about Cyprium Partners at www.cyprium.com.
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