The companies below represent Cyprium team investments made and exited since 2006.
- Advanced Decorative Systems
- Alpha Sintered Metals, Inc.
- AMPAM Parks Mechanical
- Anomatic Corporation, Inc.
- Asimco Technologies Limited
- ATIS Group
- Charah, Inc.
- Cloud Packaging Solutions
- Clover Technologies Group
- Convergint Technologies, LLC
- CV Holdings, LLC
- Energy Conversion Systems
- Film Technologies International
- Gourmet Boutique
- Hobbico, Inc.
- Home Market Foods
- Ice River Springs
- Imperial Bag & Paper Company, LLC
- Irvin Automotive Products, Inc.
- Isagenix Worldwide
- Kellermeyer Building Services
- M-D Building Products
- MC Assembly
- Network Hardware Resale, Inc
- NuVox Communications
- Paper Machinery Corporation
- Phantom Fireworks
- Plastival, Inc.
- QPM Aerospace, Inc.
- Sagus Acquisition Corp.
- Trantech Radiator Products, Inc.
- VyTech Industries
- Western Express
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.
Alpha Sintered Metals, Inc. – Ridgway, PA
Alpha Sintered Metals (ASM) is a designer and manufacturer of highly precise powdered metal components, such as spur, bevel, and helical gears; sprockets, cams, and flanges. These components are used primarily in small engines, transmissions and mechanical drive applications for the outdoor power equipment (including lawn and garden), automotive, and general industrial markets. Cyprium Partners teamed up with a fundless sponsor to acquire a controlling interest in ASM. Most recently, Cyprium invested additional capital in the Company to establish new Chinese manufacturing operations and to enhance its high–margin small–engine cam shaft business.
AMPAM Parks Mechanical – Wilmington, CA
AMPAM Parks Mechanical is a plumbing contractor in Southern California serving large multi–family housing developments. The Company competes primarily in Los Angeles, Orange County, Riverside/San Bernardino, and San Diego and is the sole source supplier for many large real estate developers and REITs. Cyprium Partners provided capital to fund AMPAM’s ongoing growth and to finance a dividend recapitalization for its two owners.
Anomatic Corporation, Inc. – Newark, OH
Anomatic is a provider of high-volume anodized aluminum components and a provider of custom decorative assemblies to the packaging companies serving the global cosmetics industry. Cyprium Partners’ investment was made to facilitate the recapitalization of the Company. Most recently, Cyprium invested additional capital to support the refinancing of Anomatic’s senior debt and to complete the construction of its Chinese manufacturing facility.
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.
ATIS Group – Montreal, Quebec
ATIS is a leading designer, manufacturer and distributor of windows and doors selling throughout Canada’s residential and commercial new build and renovation markets. The Company sells through distributors, retailers, direct and through telemarketing. In addition to its original investment, Cyprium Partners, to date, has supported the Company through ten add–on acquisitions which has allowed it to expand outside of Quebec and into Western Canada and into the lucrative architectural market for high-rise buildings.
Charah, Inc. – Louisville, KY
Charah is an environmental services provider to coal-based utilities. The Company specializes in the handling, disposal, and beneficial reuse of coal combustion residuals (CCRs). Cyprium’s investment enabled the Company and its founders to refinance a portion of its existing indebtedness and fund its ongoing growth.
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.
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.
Convergint Technologies, LLC – Schaumburg, IL
Convergint designs, installs, and services electronic security, fire alarm and life safety, and building automation systems. Cyprium’s 2011 subordinated debt investment assisted the management team of Convergint in the repurchase of a minority equity stake from a publicly traded partner.
CV Holdings, LLC – Albany, NY
CV Holdings designs and manufactures high-performance plastic packaging products supplied primarily to the pharmaceutical and food industries. The Company is the global leader within its primary market niche of packaging for the blood glucose test strip market. Cyprium invested subordinated debt in order to refinance a portion of the Company’s existing indebtedness and to provide growth capital.
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.
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.
Gourmet Boutique – Jamaica, NY
Gourmet Boutique is a USDA–approved provider of high quality, preservative-free prepared foods to national supermarket chains, regional grocery stores and food distributors. The Company produces more than 250 distinct fresh and frozen, ready-to-eat entrees, side dishes, salads and wrap sandwiches from both East Coast and West Coast processing facilities. In two separate investments, Cyprium Partners provided growth capital for Gourmet Boutique in support of its national expansion.
Hobbico, Inc. – Champaign, IL
Hobbico is a manufacturer and distributor of radio-controlled (R/C) models and other general hobby products. The Company carries more than 52,000 SKUs, which consist of R/C airplanes, cars, boats, radio systems, accessories and software. Cyprium Partners’ 2010 investment supported Hobbico’s refinancing of its existing debt.
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.
Ice River Springs – Shelburne, Ontario
Ice River Springs is a leading North American bottled water company with eleven manufacturing plants located in Canada and the U.S. The Company primarily provides private label bottled water to both national and regionally-focused grocery retailers, drug stores, mass merchandisers and dollar stores. Cyprium’s 2010 investment in Ice River Springs supported a capital expenditure program and facility expansion that allowed the Company to produce recycled PET resin, which is subsequently utilized in its water bottle production process.
Imperial Bag & Paper Company, LLC – Bayonne, NJ
Imperial Bag & Paper Company is an independent distributor of consumable paper and plastic packaging and supplies sold primarily to the restaurant and retail industries in the New York City Tri-State area. The Company sells foodservice products, healthcare supplies, bags and liners, chemicals, janitorial goods, and safety supplies. Cyprium Partners provided capital to assist an experienced packaging industry executive to acquire and operate Imperial and is assisting the Company as it seeks to expand geographically through acquisition.
Irvin Automotive Products, Inc. – Pontiac, Michigan
Irvin Automotive is a leading Tier I and Tier II producer of automotive trim products, including seat covers, headrests, cargo shades, center and door armrests, sun visors and bolsters primarily to the North American automotive industry. Cyprium’s investment was used to facilitate an acquisition of the business by Detroit entrepreneur Vinnie Johnson.
Isagenix Worldwide – Chandler, AZ
Isagenix develops and distributes a portfolio of natural nutritional products that include cleansing systems, nutritional supplements, skin care, and anti-aging products. The Company is a global network marketing company with over 146,000 active members. Cyprium Partners’ 2010 investment enabled the Company to refinance its existing indebtedness. In 2011, Cyprium made an additional equity investment in Isagenix to provide partial liquidity to certain shareholders.
Kan-Pak – Arkansas City, KS
Kan-Pak is a manufacturer of low-acid, shelf stable beverages, frozen dessert mixes, smoothies and nutritional drinks in both ready-to-use and concentrated formulas. The Company primarily serves quick service restaurants (QSRs), convenience stores, drug stores, retail chains, and private label food manufacturers. Cyprium Partners’ investment supported a meaningful equipment and facility expansion program that was necessary for the Company to meet anticipated future demand.
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.
M-D Building Products – Oklahoma City, OK
M-D Building Products is the U.S. market leader in do-it-yourself (DIY) weatherization products used to reduce energy leaks around windows and doors. In addition to weatherization, M-D manufactures and distributes flooring tools and accessories, professional grade caulk and adhesives, and engineered components. Cyprium’s investment was used to refinance existing indebtedness and to fund the company’s growth.
MC Assembly – Melbourne, FL
MC Assembly provides customized printed circuit board (PCB) assembly for companies in a wide variety of industries, including the gaming, industrial, computer, medical, and telecom/networking markets. Initially, Cyprium Partners invested in the Company’s subordinated debt, in partnership with another private equity firm, to help fund an Employee Stock Ownership Plan (ESOP). Funds provided were used by the ESOP to purchase a significant minority position from the existing Company owners. More recently, Cyprium increased our investment in the Company by purchasing a controlling interest in MC and we continue to assist them with growing both organically and by acquisition.
Network Hardware Resale, Inc – Santa Barbara, CA
Network Hardware Resale is an independent supplier of used, pre-owned and new IT networking equipment. The Company also offers cost-effective network management, asset management, alternative maintenance, and technical support services. Cyprium Partners provided subordinated debt and common equity in 2011 to refinance existing indebtedness, provide liquidity to an existing shareholder, and fund growth initiatives.
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).
Paper Machinery Corporation – Milwaukee, WI
Paper Machinery Corporation is a manufacturer of complex, high-speed forming machines and ancillary equipment utilized by paper and packaging companies to produce paper cups, paperboard canisters, and custom paperboard packages. Cyprium’s capital was used to facilitate an acquisition of the business by a newly formed Employee Stock Ownership Plan (ESOP).
Phantom Fireworks – Youngstown, OH
Phantom Fireworks is the largest retailer of consumer (“1.4G”) fireworks in the United States. The company operates over 70 permanent Phantom Fireworks showroom stores in 17 states and provides products to approximately 1,200 seasonal locations throughout the U.S. Cyprium provided capital to refinance the company’s existing indebtedness and to fund its continued growth.
Plastival, Inc. – Montreal, Quebec
Plastival is a designer, manufacturer, and distributor of vinyl and other railing and fencing systems to the North American building products market. Plastival products are sold through home improvement retailers throughout the U.S. and Canada. The Company’s manufacturing process allows it to co-extrude its products, utilizing re-ground or scrap resin for the majority of the raw material content, resulting in a meaningful marketplace cost advantage. Cyprium Partners’ investment allowed for the combination of two separate companies, one in Canada and the other in the U.S.
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.
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.
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.
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.
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.
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.