Press Releases

Cyprium Partners Hires Wes Owen

Cleveland, Ohio—Cyprium Partners is pleased to announce the appointment of Wes Owen as a Managing Director to the firm’s New York office, where he will oversee East Coast new investment originations and further develop the organization’s existing network of referral sources, including investment banks, lenders and trusted company advisors.

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Cyprium Partners Promotes Nicholas Stone to Managing Director

Cleveland, Ohio: Cyprium Partners is pleased to announce the promotion of Nicholas Stone to Managing Director. Mr. Stone oversees Cyprium’s Chicago office and will lead the firm’s origination and marketing related activities. The promotion is in recognition of Mr. Stone’s significant contributions to the success of the firm, particularly the current $460 million non-control focused fund, Cyprium Investors IV. The firm will rely on his expertise and energy to continue building the business development effort critical to Cyprium’s investment model and future growth.

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Cyprium Partners Announces New Investment in Irvin Automotive Products, Inc.

Cleveland, Ohio: Cyprium Partners, a non-control private equity firm, is pleased to announce its new subordinated debt and equity investment in Irvin Automotive Products, Inc. (Irvin). The investment was used to facilitate an acquisition of the business by Detroit entrepreneur Vinnie Johnson from Takata Corporation. Irvin will operate separate from Piston Group, another automotive business owned by Mr. Johnson, and will continue to be run by Irvin’s current management team led by Joseph Finn. This investment was the twelfth transaction from the firm’s Cyprium Investors IV fund, which closed in December 2014.

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Cyprium Partners Announces New Investment in Paper Machinery Corporation (PMC).

Cleveland, Ohio: Cyprium Partners, a non-control private equity firm, is pleased to announce its new subordinated debt investment in Paper Machinery Corporation (PMC). The capital was used to facilitate an acquisition of the business by a newly formed Employee Stock Ownership Plan (ESOP) from the Baumgartner family. The selling shareholders, Donald Baumgartner and John Baumgartner, will continue to serve on the company’s board of directors.

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Cyprium Partners Promotes Nicholas Stone to Principal

Cleveland, Ohio: Cyprium Partners is pleased to announce the promotion of Nicholas Stone to Principal. Mr. Stone is based in Cyprium’s Chicago office. The promotion is in recognition of the exemplary work by Mr. Stone as a leader of the firm’s investment activities. He will continue to play a significant role in Cyprium’s continued growth as well as investing the firm’s current $460 million non-control focused fund, Cyprium Investors IV.

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Cyprium Partners Announces New Preferred Equity and Subordinated Debt Investment in Weaber, Inc.

Cleveland, Ohio: Cyprium Partners, a non-control private equity firm, is pleased to announce a preferred equity and subordinated debt investment in Weaber, Inc. The capital was used to facilitate the acquisition of the company by third generation President and CEO, Matthew G. Weaber. This investment was Cyprium’s sixth transaction from its Cyprium Investors IV fund, which closed in December 2014.

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Cyprium Partners Announces New Sponsorless Mezzanine Investment in B.J. Alan Company

Cleveland, Ohio: Cyprium Partners, a non-control private equity firm, is pleased to announce its new sponsorless mezzanine investment in B.J. Alan Company, dba Phantom Fireworks. The capital was used to refinance existing indebtedness and to fund continued growth. This investment was Cyprium’s fourth transaction from its Cyprium Investors IV fund, which closed in December 2014.

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Cyprium Partners Adds Paul Smucker Wagstaff To Its Advisory Council

Cleveland, Ohio: Cyprium Partners, a private equity firm that makes non-control investments in privately held companies, has added Paul Smucker Wagstaff to its Advisory Council. The Council is made up of experienced operating executives who provide support and advice to Cyprium portfolio investments (for more information see http://cyprium.com/advisory-council.php).

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Cyprium Partners Exits Atis Group Investment

Cleveland, Ohio: Cyprium Partners is pleased to announce the sale of Atis Group Inc., a leading Canadian window and door manufacturer, to a Quebec-based investment group led by Fonds de solidarite FTQ, Capital regional et cooperative Desjardins, and Fondaction CSN.

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Cyprium Partners Adds John Ward To Its Advisory Council

Cleveland, Ohio: Cyprium Partners, a private equity firm that makes non-control investments in privately held companies, has added John Ward to its Advisory Council. The Council is made up of experienced operating executives with diverse and complimentary industry and functional expertise (for more information see www.cyprium.com/advisory-council.php).

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Cyprium Partners Promotes Three Investment Professionals

Cleveland, Ohio: is pleased to announce three promotions: Daniel Kessler and Beth Haas Laschinger to Partner, and Patrick Rond to Principal; all three are based in Cyprium’s Cleveland headquarters. The promotions are in recognition of the exemplary work by these three investment professionals with the expectation that they will continue to meaningfully contribute to Cyprium’s growth and success as the firm invests its $460 million non-control focused fund, Cyprium Investors IV.

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Cyprium Partners Closes Its Fourth Fund at $460 Million, Continuing Its Long-Time Focus on Non-Control Investments.

Cleveland, Ohio: Cyprium Partners, a private equity firm focused on making non-control investments, announced the closing of its fourth fund, Cyprium Investors IV, raising $460 million. The fund continues the firm’s long-time strategy of making sponsorless non-control investments of equity and/or subordinated debt. The firm focuses on middle-market companies with $10 million or more of EBITDA headquartered in the U.S. or Canada. Investors in Cyprium’s fund include domestic and foreign pension funds, insurance companies, family offices and entrepreneurs who the firm has backed in previous investments.

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Cyprium Partners Exits Investment in Honsador Holding LLC, the Largest Building Products Distributor in Hawaii

Cyprium Partners exits its investment in Honsador Holding LLC, the largest building products distributor in the state of Hawaii, in a sale to Grey Mountain Partners. During Cyprium’s investment period, the company acquired Alpha Electric Supply, an electrical distribution business, and expanded its building products distribution operations to include a significant presence in each of the five major Hawaiian markets.

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Cyprium Partners Announces New Subordinated Debt Investment in Hobbico.

Cyprium Partners has completed a new subordinated debt investment in Hobbico with the proceeds used to refinance the company’s existing indebtedness and for the ongoing growth of the business. It was Cyprium’s second investment in the company since 2010 and was made out of the firm’s Cyprium Investors IV fund.

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Media Contact

Cori Farris

Marketing Coordinator
Cyprium Investment Partners LLC

216.453.4500 cfarris@cyprium.com