Investment Portfolio - Prior Investments

• Investment Portfolio
• Current Investments
• Prior Investments

The companies below represent Cyprium team investments made and exited since 2006.

• Advanced Decorative Systems
• Asimco Technologies Limited
• Cloud Packaging Solutions
• Clover Technologies Group
• Energy Conversion Systems
• Film Technologies International
• Home Market Foods
• Kellermeyer Building Services

• NuVox Communications
• Procare
• QPM Aerospace, Inc.
• Sagus Acquisition Corp.
• Trantech Radiator Products, Inc.
• VyTech Industries
• Western Express
• Xaloy

Advanced Decorative Systems - Millington, MI and Bishopbriggs, Scotland

Advanced Decorative Systems (ADS) is a global manufacturer of instrument dials and appliqués for speedometers, oil gauges, gasoline gauges and various other gauges on the dashboard of an automobile. The Company is also a designer and manufacturer of a range of other decorative products for automotive cockpits and interiors. Cyprium Partners invested in ADS in 2005 and, in 2007, invested additional capital to support the expansion of the Company's manufacturing operations into China.

Asimco Technologies Limited - Beijing, China

ASIMCO is an independent manufacturer of automotive and heavy-duty truck components in China. The Company produces a broad range of powertrain and chassis components, including piston rings, camshafts, cylinder blocks, and heads; brake system components; and diesel fuel injection systems and compressors. Cyprium Partners led an investment to recapitalize the Company, converting its organizational structure from a partnership format to a corporation. The investment also provided liquidity to existing investors and helped to expand the Company's global business.
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Cloud Packaging Solutions - Des Plaines, IL

Cloud is a provider of outsourced packaging services for customers in the food and beverage, consumer, industrial, OTC pharmaceutical and personal care industries. It also designs and manufactures high-speed packaging equipment, and has developed solutions for packaging machinery based on continuous-motion horizontal form-fill-seal (HFFS) technology. Cyprium Partners originally invested in Cloud to refinance its debt. As a follow-on, Cyprium made two additional investments in Cloud to help it acquire Automated Packaging, a contract manufacturer of bottled liquids for consumer and industrial products, and Toll Packaging, a medium speed contract packager specializing in canister and stand–up pouch formats for the pet food and treat end markets.
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Clover Technologies Group - Ottawa, IL

Clover is a remanufacturer of toner and inkjet cartridges sold to national office supply wholesalers and distributors, contract stationers, retailers, and independent office and computer supply dealers. The Company operates manufacturing facilities in Illinois, Kentucky, Mexico, Vietnam and Portugal. Cyprium Partners invested in Clover to support a partial liquidity event for the founder and members of the management team. After our original investment, Cyprium assisted the Company with the acquisition of both General Ribbon Company and Cartridges Are Us.
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Energy Conversion Systems - Cary, NC

Energy Conversion Systems (ECS) developed and supplied components (brushes, commutators, electrical harnesses and magnets), integrated systems, and design solutions for AC and DC electric fractional horsepower motors. ECS sold its products to motor manufacturers, auto OEMs, auto Tier I suppliers, power tool manufacturers, and vacuum cleaner manufacturers. Cyprium provided subordinated debt and follow-on equity to assist in the original buyout of the Company from its strategic parent as well as the ongoing working capital needs of the business.
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Film Technologies International - St. Petersburg, FL

Film Technologies International (FTI) manufactured, marketed, and distributed branded window films for installation on cars, residential homes, and commercial buildings through worldwide automotive film and building aftermarkets. The Company produced ultra thin solar control films (commonly known as window tint) and thicker safety and security films, which protect against glass shattered by accident, weather, or crime. Along with a co-investor, Cyprium invested preferred and common equity in FTI to allow for the majority recapitalization of the Company. In addition, Cyprium invested follow-on capital in FTI to assist with the ongoing working capital requirements of the business.
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Home Market Foods, Inc. - Norwood, MA

Home Market Foods is a specialty manufacturer of fully-cooked and frozen entrees, appetizers and snacks for both retail and foodservice customers. The company provides products under both private label and its own brands, including Cooked Perfect®, RollerBites®, Freezer Queen™, and Family Buffet®. Cyprium Partners’ investment supported the refinancing of the Company's capital structure to one that allowed it to more aggressively pursue its operating strategy.
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Kellermeyer Building Services - Toledo, OH

Kellermeyer is a provider of "self perform" contract cleaning services primarily to large format retailers throughout the U.S. Its customers include major department stores, non-mall based big box retail chains, as well as grocery stores and specialty retailers. Cyprium Partners’ capital allowed the incumbent management team to acquire Kellermeyer from its private equity owner through an MBO and allowed management to retain majority ownership of the business.
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NuVox Communications - Greenville, SC

NuVox was a competitive local exchange carrier (“CLEC”) providing telecommunications and data services principally to small- and medium-sized enterprises (“SMEs”) in Tier II and Tier III markets throughout the Southeastern and Midwestern United States. Cyprium’s minority preferred equity investment in NuVox assisted with the Company’s continued growth. In 2009, NuVox was purchased by Windstream Communications (NASDAQ: WIN).
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ProCare - Cleveland, OH

ProCare operated a network of full-service automotive service centers in Ohio, Pennsylvania, North Carolina, and California. Cyprium Partners’ investment allowed for the divestiture of ProCare from its large corporate parent.
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QPM Aerospace, Inc. - Bellevue, WA
QPM Aerospace is a leading designer and manufacturer of precision machined parts for the commercial, defense, and general aerospace industries. The Company engages in two business segments: precision machined parts and sheet metal components and assemblies. Cyprium Partners’ investment was made to support the Company's growth strategy, facilitate a dividend recapitalization by QPM's owner, and pay down senior debt.
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Sagus Acquisition Corp. - Chicago, IL

Sagus is a designer and manufacturer of school furniture and fixtures in the U.S. The Company offers a wide range of loose furniture including desks, chairs, cafeteria tables, and computer stations. In addition, Sagus provides customized casework for use in science laboratories and school libraries. While the majority of the Company's products are targeted at the K-12 market, other sectors served include colleges/universities, hospitality, healthcare, and religious institutions. Cyprium Partners’ investment was used to support the recapitalization of the Company by a group of private equity investors.
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Trantech Radiator Products, Inc. - Edgefield, SC

Trantech is a North American supplier of specialty radiators (heat exchangers) to the electric power transmission and distribution industry. The Company's products are predominantly used in medium-to-large transformer units to dissipate heat, increase the effectiveness of the more costly transformers and to prolong their useful life. Cyprium Partners invested subordinated debt and preferred equity in Trantech to provide growth capital and to facilitate a dividend recapitalization for existing shareholders.
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VyTech Industries - Anderson, SC

VyTech manufactured vinyl wall coverings for the manufactured housing and recreational vehicle markets. In addition, the Company produced vinyl, fiberglass and polyester fiber window coverings sold to both domestic and international customers and vinyl vapor barriers for metal building construction and HVAC insulation applications. Cyprium’s investment assisted in the refinancing of the company’s balance sheet as well as the repurchase of preferred stock from the company’s two owners. Cyprium also made follow-on investments in VyTech to assist with its ongoing working capital needs.
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Western Express - Nashville, TN

Western Express is a truckload carrier providing dry van, flatbed, dedicated and third party logistics transportation services. Western's trucks primarily serve the garden equipment, clothing and accessories, building products, paper manufacturing, and computer and electronics manufacturing sectors. Cyprium Partners’ investment assisted the Company in its acquisition and integration of Smithway Motor Express Corp., a publicly-traded competitor.

 

Xaloy - Pulaski, VA

Xaloy is a manufacturer of bimetallic barrels and feed screws for the plastics machinery industry. The Company has six manufacturing facilities in the U.S., and another in Thailand which serves the Asian market. Xaloy's management team, in partnership with a private equity investor, acquired the non-European Xaloy subsidiaries from Saurer LTD, a Swiss corporation. Cyprium Partners invested senior subordinated debt and equity in support of the acquisition.