News / Articles

The Courtney Group Leads Acquisition Of Peninsulators

San Jose, CA, September 8, 2020 –  An investor group led by The Courtney Group, Incorporated has acquired a controlling interest in Peninsulators Inc. along with its affiliates Peninsulators Northwest and A Shade Above. 

Based in San Jose, California, Peninsulators is a leader in the sale and installation of commercial window coverings. The Company also provides engineering, design, and maintenance services. Founded in 1985, Peninsulators has long served many of the leading technology companies in Silicon Valley, and expanded to serve these companies in Seattle, Washington. Peninsulators is known for providing solutions within the office, healthcare, hospitality, education, and public sectors. In the healthcare sector, the Company installs both manual and automated window coverings, as well as privacy curtains for hospitals and clinics. In addition to its commercial clients, the Company, through the A Shade Above division, provides homeowners with high-end window coverings, audiovisual systems, and home automation solutions. 

Partners Tom Courtney, Alan Macksey and Ed McKenna, PhD of The Courtney Group led the transaction and will assist the Company in establishing and executing its strategic growth plan. Other investors include Lake Country Capital, a  debt and equity provider based in Minneapolis, MN and Los Angeles, CA.

Co-Founder and CEO Ross Haisley, along with Co-Founder and COO John Thomas, will maintain an ownership stake and will continue in their full-time management roles. Mr. Haisley commented, “We are very pleased to have partnered with The Courtney Group and are excited about what Tom, Alan, and Ed bring to the table. Their experience in backing founder-owned businesses and their expertise in strategic acquisitions, geographic expansion, and technology will be invaluable as we seek the next level of success.” Mr. Thomas added, “We founded Peninsulators 35 years ago in a garage, but, from the very beginning, have enjoyed a reputation for excellent work and attention to detail. We intend to maintain and build on that foundation as we work with The Courtney Group to pursue some ambitious new strategic growth initiatives.”

Tom Courtney said, “Peninsulators is an outstanding company with proven leadership. We are looking forward to a strong partnership, and we have identified many exciting opportunities for growth.”

Mr. Courtney, founder of The Courtney Group, has invested in or served as an advisor to many companies, including American Piping Products. Dr. McKenna was previously Chief Scientist and Engineer at Covidien, where he was responsible for the development of innovative, technology-driven products. Mr. Macksey has extensive experience in acquiring and growing middle market companies, including those in the business services, healthcare, and contracting sectors.

Terms of the transaction were not disclosed.

About Peninsulators  

With an extensive history in providing superior service, Peninsulators has raised the bar in the window coverings industry thanks to its innovative thinking, engineering, reliability and experience. With offices in three locations and 80+ employees across the West Coast, the Peninsulators’ team of experts is ready to provide their customers with unique solutions. From manual and motorized shades, to exterior solutions, and fully automated buildings – no project is too small or too difficult. For more information, visit: www.peninsulators.com

About A Shade Above

A Shade Above offers integration systems for the highest quality home automation products. Since 2010, A Shade Above has been solving problems for architects, designers, contractors, and homeowners who want their spaces and lives to be effortless, uncluttered and comfortable – all at the touch of a button. A Shade Above sells and installs custom residential products including motorized window shades and coverings, lighting systems, home theaters, sound systems, and design products. For more information, visit: www.ashadeabove.com

About The Courtney Group, Inc.

The Courtney Group, Incorporated is a private investment firm based in Newport Beach, California. Since 1999 the firm has acquired or invested in 22 companies. The Courtney Group seeks to invest in companies with revenues of $10 million to $500 million, cash flow of $2 million to $50 million, with equity investments of $1 million to $200 million. Targeted industries include business services, consumer, chemical, financial services, healthcare, manufacturing, and technology. The Courtney Group has a focus on working with founders of businesses to help them meet their goals. For further information please visit www.thecourtneygroup.com

About Lake Country Capital

Lake Country Capital (LC2) is a debt and equity investment firm providing transitional and growth capital to U.S.-based lower middle market companies. LC2 targets businesses with EBITDA of at least $2 million across a variety of industries, including the manufacturing, business services, consumer-related and medical/healthcare sectors.  The firm invests primarily in debt securities encompassing a range of senior and subordinated, as well as structured equity securities. The firm works in partnership with management teams, business owners and private equity firms to finance growth initiatives, recapitalizations and ownership transitions. LC2 maintains offices in Minneapolis and Los Angeles. For more information, please visit www.lakecountrycapital.com


Media Contact:
Stephanie Haisley
Marketing Director, Peninsulators
Email: This email address is being protected from spambots. You need JavaScript enabled to view it. 
Tel: 831-601-4538

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The Courtney Group Acquires Tenacore

Santa Ana, CA –February 14, 2020 An investor group led by The Courtney Group, Incorporated has acquired the medical device repair and service business of Tenacore Holdings, Inc. based in Santa Ana, California. Tenacore repairs and services medical devices including patient monitors, infusion pumps, portable ventilators, and telemetry transmitters.

Investors in the transaction include The Courtney Group, Centerfield Capital Partners and Jim Willett, a seasoned healthcare executive whom The Courtney Group recruited to join Tenacore as CEO. Mr. Willett brings relevant experience in the manufacture and design of medical devices as well as the outsourced management of hospital equipment. Peter Bonin and Brand Caso, who founded Tenacore in 2000, will continue to retain significant ownership in the company.

“Tenacore has established a reputation for excellent work and fast turnaround times,” said Jim Willett, the company’s newly appointed CEO. “Our plan will be to maintain that commitment to quality and service as we seek to grow our business geographically.”

Partners Tom Courtney, Ed McKenna and Alan Macksey of The Courtney Group led the transaction and will serve on the board of Tenacore.

“We are looking forward to our partnership with Jim Willett, an accomplished executive who has built and managed successful businesses, in addition to the strong team Peter Bonin and Brand Caso have built at Tenacore,” said Tom Courtney.

Mr. Courtney, founder of The Courtney Group, has invested in or served as an advisor to many companies, including those in the clinical laboratory, healthcare IT, medical device and pharmaceutical sectors. Dr. McKenna was previously Chief Scientist and Engineer at Covidien, where he was responsible for the development of innovative medical devices. Mr. Macksey has extensive experience in acquiring and growing middle market companies, including those providing repair and maintenance, testing and compliance, telemedicine and healthcare services.

“Tenacore has an impressive and highly skilled team in place,” said Mr. Willett. “As we execute our strategic growth plan, we intend to expand and complement the existing team, with the goal of providing an increased breadth of products and services to our customers. We look forward to pursuing growth opportunities that the company did not previously have the resources to pursue.”

Terms of the transaction were not disclosed.

About Tenacore
Tenacore is an ISO 13485:2016 certified medical device service and repair company that operates across all 50 states. It has been providing repair and maintenance to hospitals for the last 20 years. For more information please visit www.tenacore.com/

About The Courtney Group
The Courtney Group provides investment banking and private equity services to middle market companies in consumer, chemical, financial services, healthcare, manufacturing, and technology industries. Our transactions are generally in the range of $20 million to $1 billion. The firm has offices in Newport Beach, California and Phoenix, Arizona. Our telephone number is 949-706- 3600. Please visit our website for more information: www.thecourtneygroup.com

About Centerfield Capital Partners
Centerfield Capital Partners is national provider of mezzanine debt and equity financing to lower middle market companies. Located in Indianapolis, Indiana, Centerfield is currently investing from its fourth fund with commitments of $335 million and leads junior capital investments of $7 million to $35 million. For more information please visit www.centerfieldcapital.com/

For additional information contact:

Ms. Tara Stack
​ VP Sales and Operations
Tenacore, LLC
1525 East Edinger Avenue | Santa Ana | California 92705
(800) 297-2241Tel
This email address is being protected from spambots. You need JavaScript enabled to view it.

www.tenacore.com

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The Courtney Group Advises FNB Bancorp on sale to TriCo Bancshares

NEWPORT BEACH, Calf. – The Courtney Group, LLC announced the acquisition of FNB Bancorp (NASDAQ: FNBG) by TriCo Bancshares (NASDAQ: TCBK) in a stock transaction valued at approximately $315.3 million in aggregate, or $40.81 per share based on the closing price of TriCo’s common stock of $41.64 per share on December 8, 2017. The transaction extends Tri Counties Bank’s meaningful presence throughout Northern California into the San Francisco peninsula adding key growth markets and opportunities to serve customers in and around the Bay Area.

C. Matthew Allen of The Courtney Group, LLC advised the FNB board of directors on the transaction and provided a fairness opinion. This is the fourth transaction Mr. Allen has completed with FNB since 2001.

For more information please see:
https://www.businesswire.com/news/home/20171211006325/en/TriCo-Bancshares- Enters-San-Francisco-Bay-Area

About The Courtney Group
The Courtney Group provides investment banking and private equity services to middle market companies in consumer, chemical, financial services, healthcare, manufacturing, and technology industries. Our transactions are generally in the range of $20 million to $1 billion. The firm has offices in Newport Beach, California and Phoenix, Arizona. Our telephone number is 949-706- 3600. Please visit our website for more information: www.thecourtneygroup.com

Contact:
The Courtney Group, LLC
Carmela Daniels
Office Manager
949-706- 3600
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Flojos Under New Ownership, Positions Brand For Continued Growth

The Courtney Group Acquires 30 Year-Old Sandal Brand

Thousand Oaks, CA, Jan 9, 2017 – The Courtney Group, Inc. has acquired Flojos (“flo-hos”) a family owned business from husband/wife team Nellie and Sheng Yen Lin. John Dickinson, a Footwear industry executive is an investor and CEO of the company.

Flojos was established in the early 1970’s by the Santana Family in Guadalajara, Mexico. Its flip-flops were made in Mexico and introduced to the surf community in San Diego, California. Early on, the company introduced its classic sandal 101 Flojos, a crisscross style with cross straps that became an iconic product and helped Flojos grow rapidly. Nellie and Sheng Yen Lin acquired Flojos in 1996 and experienced steady growth, expanding the brand from predominantly men’s to both men’s and women’s footwear.

The Courtney Group, Inc. is a private equity firm based in Newport Beach, California, with a track record of successfully backing CEOs in acquisitions. Tom Courtney, President of The Courtney Group said, “We acquired Flojos with a focus on building upon the rich heritage of the brand. Our strategy will include expanding the men’s division, bringing back limited edition styles, including some of the original sandals from Mexico, and expanding internationally.”

John Dickinson, CEO of Flojos, added, “As one of the original sandal companies, Flojos has strong brand recognition which was attractive to us. The brand was doing well, the owners just wanted to retire and leave the brand with someone who could build upon the heritage. We see a tremendous opportunity to expand not only here in the U.S., but the international opportunities are equally great.”

With a team of talented athletes supporting the brand, including Paul Pugliesi (WSL competitor), Paul Pence, Cole Harmening, Raya Walker (wakeboard), Jake Maki, Melia Haller, and Scott Strong. Flojos will continue to support the industry and develop marketing and social media strategies meant to expand brand awareness.

About Flojos:
Founded in the early 1970’s, Flojos is one of the original sandal companies. All Flojos products are designed with attention to detail and comfort with materials that include top quality leather, nylon, rubber and canvas. Flojos are distributed through national retailers such as Tillys, Flip Flop Shops and through other independent retailers nationwide, as well as its website at www.flojos.com. Price points range from $20 to $60.

About The Courtney Group:
The Courtney Group provides private equity and investment banking services. The principals at The Courtney Group have advised hundreds of companies on transactions and have been successful starting, buying, selling and financing dozens of businesses as entrepreneurs themselves.

For private equity investments, The Courtney Group, Inc. seeks to invest between $1 million to $100 million in businesses with revenues of $10 million to $500 million and cash flow of $2 million to $50 million. The firm seeks to invest in businesses with attractive growth prospects and high quality management teams. The Courtney Group has completed 20 private equity investments since 1999. The firm often acquires businesses from sellers seeking to retire or entrepreneurs seeking a partner to help them reach the next level of success. The Courtney Group team is comprised of partners and professionals with substantial operational experience. The firm is flexible its level of involvement and support depending on a company's needs.

For investment banking advice, The Courtney Group, LLC advises clients on buying and selling businesses, and raising capital for growth and acquisitions. Securities are offered through The Courtney Group, LLC, a broker-dealer, member FINRA/SIPC.

The Courtney Group specializes in the following industries: consumer, chemical, financial services, healthcare, manufacturing, and technology. For more information please see: www.thecourtneygroup.com/

 

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Media Contact:
Staci Levine
S+L PR
310-994-8437
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The Courtney Group Announces Acquisition and Financing of Henkel Corporation's Paper Chemicals and Construction and Processing Chemicals by GEO Chemicals

The Courtney Group, Incorporated announced the closing of the acquisition by GEO Chemicals, Inc. of the Paper Chemicals and Construction and Processing Chemicals Divisions of Henkel Corporation. The transaction was structured as a sale of assets. The Courtney Group acted as financial advisor to GEO Chemicals in the transaction. The Paper Chemicals business, based in Cedartown, Georgia, produces and markets additives and coating lubricants to the paper coating industry; defoamers and dispersants to the pulping industry; defoamers, felt conditioners, cleaners and niche wet strength resins to the papermaking industry; and deinking chemicals to the recycling segment.

The Construction and Processing Chemicals business, located in Harrison, New Jersey, manufactures and markets specialty chemicals which provide performance benefits to the construction, oil field, SBR/latex polymerization, and ceramics industries. GEO Chemicals, Inc. operates twelve plant locations in North America. Its primary markets are in specialty chemicals for the paper industry, industrial and waste water treatment, and other specialty areas. The businesses GEO acquired had revenues in 1997 of approximately $70 million. Terms of the transaction were not disclosed.

As part of the assignment, The Courtney Group assisted GEO in securing a substantial equity investment from Charter Oak Partners, in Westport, Connecticut. Charter Oak is a private equity investment firm which invests in manufacturing and service companies with outstanding management teams, strong growth potential and healthy operating profits.

About The Courtney Group

The Courtney Group, is an investment banking firm which specializes in advising clients on mergers & acquisitions as well as raising capital for buyouts, acquisitions, recapitalizations and growth. The Courtney Group's targeted industry areas are: (1) chemical, (2) healthcare, (3) technology and (4) investment management. The firm typically works with companies that have revenues between $5 million to $500 million. For further information on the firm please visit www.thecourtneygroup.com.

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The Courtney Group Completes Acquisition of The Input Technologies Division of Calcomp, a Subsidiary of Lockheed Martin

The Courtney Group, Incorporated announced the closing of the acquisition by GTCO Corporation of the Input Technologies Division of CalComp, Incorporated, a subsidiary of Lockheed Martin Corporation. The transaction was structured as a sale of assets. The Courtney Group acted as financial advisor to GTCO in the valuation, structuring and negotiation and financing of the transaction. The Input Technologies Division ("ITD") of CalComp is a leading designer and manufacturer of digitizers and scanners, and is based in Scottsdale, Arizona. In 1998 ITD had revenues of approximately $50 million. GTCO Corporation manufactures digitizers, and digital whiteboards. GTCO is based in Columbia, Maryland and was founded in 1975. GTCO has completed six acquisitions in the last five years.

About The Courtney Group

The Courtney Group is an investment banking firm which specializes in advising clients on mergers & acquisitions as well as raising capital for buyouts, acquisitions, recapitalizations and growth. For further information on the firm please visit www.thecourtneygroup.com.

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The Courtney Group Announces Buyout of Califone International, Inc. Secures Investments from Madison Investment Partners, Emigrant Capital and Management Team

The Courtney Group, in conjunction with senior management, Madison Investment Partners and Emigrant Capital, announced the completion of a buyout of Califone International, Inc. today. The transaction was made at an undisclosed price. Califone is a leading manufacturer of electronic audio products for the educational market in the United States and abroad.

"The transaction will further strengthen our company and market position," said Terry Soley, President and CEO. "All Califone managers and employees are extremely pleased with the transaction, and are committed to continuing to be an industry leader in the development of innovative products and the delivery of unsurpassed service and quality."

Califone has reinvented itself over the last three years under the leadership of Terry Soley. The company has introduced fourteen major new products, including multi-media headphones, cordless headphones, CD/cassette units, and our CVSS computer control system. Management and the new equity investors remain committed to introducing three to five new wireless and digital products each year.

"The strength of the management team was the prime consideration for the investment group," said Madison Investment Partners' Martha Cassidy. "Califone will continue to provide excellent products and service to the educational market."

Thomas W. Courtney, Jr., President of The Courtney Group and Managing Director of Emigrant Capital, said, "We are excited by the tremendous opportunities that are available to the company, as we expect significant increases in public and private sector spending on education and educational technology." Mr. Courtney added, "We have been tremendously impressed with the educational community's high regard for the Califone name, and the reputation of the company's management team in the industry"

 

About Califone

Califone has produced high quality audio equipment since 1946. The company specializes in designing and manufacturing audio equipment to meet the specific needs of the educational market, and enjoys the leading market share in many of its products. Additional information about the company and its products is available on *www.califone.com.

About Madison Investment

Partners Madison Investment Partners Inc., headquartered in New York, provides private equity financing for management buyouts, recapitalizations and growth. The company was founded in 1993.

About The Courtney Group

The Courtney Group is an investment banking firm which specializes in advising clients on mergers & acquisitions as well as raising capital for buyouts, acquisitions, recapitalizations and growth. For further information on the firm please visit www.thecourtneygroup.com.

Disclaimer: The Courtney Group does not endorse this site, its sponsors, or any of the policies, activities, products, or services offered on the site or by any advertiser on the site.

*The Courtney Group does not endorse this site, its sponsors, or any of the policies, activities, products, or services offered on the site or by any advertiser on the site.

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The Courtney Group is pleased to announce that Barry-Wehmiller Companies, Inc. has acquired the Ward Machinery Company.

The Courtney Group is pleased to announce that Barry-Wehmiller Companies, Inc. has acquired the Ward Machinery Company. The Courtney Group acted as financial advisor to Ward, a manufacturer of equipment for the die cutting, printing and folding of corrugated board. Barry-Wehmiller Companies, Inc. plans to unite The Ward Machinery Company with Wisconsin-based Marquip to become MarquipWard, with annual revenues of approximately $150 million.

"I have long felt that the combination of Marquip and Ward Machinery would result in a dynamic, more efficient global supplier to the corrugated industry," stated William F. Ward, Jr., owner of Ward Machinery. "I'm very encouraged that Barry-Wehmiller has entered the corrugated market. In addition to providing enhanced operational strategies, Barry-Wehmiller has made a positive commitment to the corrugated industry."

"MarquipWard will emerge as a leader in the corrugated equipment industry with a solid operational foundation to address market challenges and create new opportunities for technical innovation and growth," said Timothy J. Sullivan, CEO of MarquipWard and Group Executive of Barry-Wehmiller Companies, Inc. Terms of the transaction were not disclosed.

About the Deal

The two companies first had talks about a year earlier. Subsequently, Barry-Wehmiller Companies, Inc. followed Ward Machinery's continuing strong results and rekindled their pursuit of Ward. The merged business will become one of the largest global suppliers of equipment to the corrugated industry. Barry-Wehmiller Companies, Inc., plans to integrate Ward Machinery Company with Wisconsin-based Marquip to become MarquipWard, with annual revenues of approximately $150 million. Barry-Wehmiller is a clear leader in the packaging automation industry and will also become a leader in the corrugated equipment industry with the acquisition of Ward Machinery.

About Ward Machinery

Ward Machinery was founded in 1961 by William F. Ward, Sr., who also created the first practical rotary die cutter 35 years ago. Under the leadership of his son, William F. Ward, Jr., the company has continued to produce high quality die cutters as well as a diverse product line of machines that fold, glue and print for the corrugated packaging industry.The company has grown to over $100 million in annual sales and more than 500 employees. Much of that growth is a result of successful expansion into foreign markets, particularly in Latin America and East Asia.

About Barry-Wehmiller Company

Barry-Wehmiller Companies, Inc. is a leader in the packaging automation industry with over 100 years of experience as a world-wide provider of advanced technologies in filling, closing, labeling, conveying, cartoning, case packing and shrink-wrapping. With annual revenues of over $350 million, Barry-Wehmiller Companies, Inc. is the largest packaging automation group in the Western Hemisphere.Headquartered in St. Louis, Missouri, Barry-Wehmiller has developed a unique strategy for complete systems integration capabilities made possible through nine interactive divisions: Accraply, *barrywehmiller.com, Design Group, Fleetwood, Hayssen, MarquipWard, Pneumatic Scale, Thiele Technologies, and Zepf. Each division operates independently, yet has the ability to interface with one another in order to best serve the growing needs of Barry-Wehmiller's customers.

About The Courtney Group

The Courtney Group is an investment banking firm which specializes in advising clients on mergers & acquisitions as well as raising capital for buyouts, acquisitions, recapitalizations and growth. For further information on the firm please visit www.thecourtneygroup.com.

Disclaimer: The Courtney Group does not endorse this site, its sponsors, or any of the policies, activities, products, or services offered on the site or by any advertiser on the site.

*The Courtney Group does not endorse this site, its sponsors, or any of the policies, activities, products, or services offered on the site or by any advertiser on the site.

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Interflex Completes Recapitalization with Red Diamond

The Courtney Group is pleased to announce that The InterFlex Group, a specialist in flexible packaging for food customers, has completed a leveraged recapitalization financing in which Red Diamond Capital has become a major shareholder in InterFlex.

Prior to the transaction, Stephen Doyle, CEO and President of InterFlex, had owned 100% of InterFlex stock. "This transaction brings to InterFlex the resources to continue to grow our successful business both under our won expansion initiatives and through possible acquisitions." Mr. Doyle said.

"We selected Red Diamond as a partner because of their knowledge of the packaging sector, their strong ties with companies we can do business with around the world that are connected to the Mitsubishi group, and their support for our vision for InterFlex." Said Mr. Doyle.

Bret Russell at Red Diamond said, "InterFlex has many exciting growth opportunities and we look forward to working with Steve Doyle and his team to help the company continue to prosper." Terms of the transaction were not disclosed.

About the Deal
Stephen Doyle, the 100% owner of InterFlex, was able to diversify his holdings by selling some of his shareholdings and at the same time to increase the capital available to InterFlex for growth and acquisitions by bringing in Red Diamond Capital as a substantial partner.

About InterFlex
InterFlex, based in Wilkesboro, North Carolina, provides value-added specialty packaging to customers in the poultry, meat, produce and bakery sectors. The Company has plants in the US, UK and Brazil. The company was founded in 1975 and today employs about 220. For more information please visit www.interflexgroup.com.

About Red Diamond
Capital Formed in 2002, Red Diamond Capital is an independent $150 million private equity fund that invests in middle-market distribution, manufacturing, service businesses in North America. With its committed capital provided primarily by Mitsubishi Corporation, Japan's leading trading company, through its U.S. subsidiary, Mitsubishi International Corporation, Red Diamond offers a unique mix of strategic resources, industry-focused capital and management expertise to fuel the growth of its portfolio companies. 

About The Courtney Group
The Courtney Group, Incorporated is a merchant banking firm, working with companies in some cases as an advisor on capital raising and M&A assignments and in other cases as principal, investing for its own account. Formed in 1995 The Courtney Group specializes in working with middle market companies with revenues of $5 million to $500 million in the following industries: manufacturing, technology, health care, financial services, and environmental services. Investment banking activities are carried out by The Courtney Group, LLC, member FINRA and SIPC. For further information on the firm please visit www.thecourtneygroup.com.

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Chemical Company Bastech Acquired By Investor Group

BasTech, Inc., based in Jacksonville, Florida has been acquired by an investor group led by The Courtney Group, Incorporated and Cave Creek Capital Management, LLC in cooperation with management. BasTech produces chemical products for customers in paper, pulp, mining and fertilizer sectors. Investors in the transaction included The Courtney Group, Cave Creek, Jerry Rex and Gary Durrant, former executives at Dow Chemical and Union Carbide.

"With the completion of this transaction, we will be able to expand our horizon further, and still maintain the strong relationships we have built with customers and vendors over the past 46 years," said Jerry Rex, BasTech's President. "We will have a strong focus on providing quality products and a commitment to the highest level of customer service."

"We are excited to work with the team at BasTech. Our goal is to provide BasTech's productivity-enhancing products to a broader base of customers," said Tom Courtney, President, The Courtney Group.

"BasTech has some great technology and we look forward to pursuing growth opportunities that the company previously did not have the resources to go after," said Jerry Rex. "We are bringing in new resources which will allow us to grow and provide solutions to a wider range of customers. Terms of the transaction were not disclosed.

About the Deal

The previous owner of BasTech, who founded the company in 1961, sought a sale as part of his retirement planning. Meanwhile, Jerry Rex, BasTech's president who had been with the company since November 2005, was looking for a partner to help continue to grow and build BasTech. Management invested in the transaction alongside The Courtney Group and Cave Creek Capital Management.

About BasTech

BasTech is an innovative company with unique, proprietary technology for pulp, paper, mining and fertilizer markets. For more information please see: www.bastechllc.com

Disclaimer: The Courtney Group does not endorse this site, its sponsors, or any of the policies, activities, products, or services offered on the site or by any advertiser on the site.

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PNC Proactive Completes Financing with Medley Capital Partners

The Courtney Group is pleased to announce the completion of a $25 million debt financing for Proactive Packaging, a specialist in high-quality color printing directly on corrugated and paperboard packaging. Medley Capital, a private investment management firm, provided senior and subordinated debt for Proactive Packaging. Terms of the transaction were not disclosed.

About the Deal

Proactive Packaging sought capital to buy new equipment that would help extend its competitive advantage and grow its business. It needed capital that was creative and flexible.

About Proactive Packaging

Proactive Packaging produces high-quality color printing directly on corrugated and paperboard materials resulting in lower costs than comparable methods and just-in-time delivery while eliminating warehouse and stocking expenses. Proactive is based in Ontario, California and also has a plant in Stockton, California. The company serves customers in a range of industries including food, beverage, consumer goods, and electronics. For more information please visit www.proactivepkg.com.

About Medley Capital

Medley Capital is a private investment management firm with offices in New York, San Francisco and Hong Kong. It makes investments in debt and equity securities. For more information please visit *www.medleycapitalcorp.com.

About The Courtney Group

The Courtney Group provides private equity and investment banking services. We help companies raise debt and equity capital, make divestitures and acquisitions. Industries of interest include: financial services, energy, healthcare, technology, and manufacturing. Private equity opportunities of interest generally have cash flow of $2 million to $50 million. Investment banking activities are carried out by The Courtney Group, LLC, member FINRA and SIPC. For further information on the firm please visit www.thecourtneygroup.com.

Disclaimer: The Courtney Group does not endorse this site, its sponsors, or any of the policies, activities, products, or services offered on the site or by any advertiser on the site.

*The Courtney Group does not endorse this site, its sponsors, or any of the policies, activities, products, or services offered on the site or by any advertiser on the site.

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The Courtney Group Transaction Announcement - American Piping Products, Inc.

The Courtney Group, Incorporated is pleased to announce that American Piping Products, Inc. ("APP") has received a multi-million dollar growth equity investment from a leading private equity consortium. The equity investment was led by The Edgewater Funds and APP's senior management and included The Courtney Group, Pegasus Capital Group and Stewart Capital Management.

APP is a rapidly growing distributor of specialty steel pipe, fittings and flanges to global infrastructure customers in the energy, manufacturing and construction industries. APP is recognized for its in-stock availability of niche products that meet its customers' demands in a complex, international supply chain. APP sources and stocks inventory from a worldwide network of qualified producers and suppliers with whom it enjoys long-standing relationships. Other services include logistics support, quality assurance, export packaging, production saw cutting and same day shipments.

The investment positions APP for continued growth by providing capacity for expanding its product offering. Since its founding in 1994, APP has developed a strong competitive position in the supply of heavy-wall, seamless pipe. The company currently employs 34 people in its headquarters in Chesterfield, Missouri; its service center in Houston, Texas; and sales office in Philadelphia, Pennsylvania.

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The Courtney Group Completes Sale of Mach Speed

The Courtney Group announced the completion of a transaction in which Transition Capital Partners acquired a majority interest in Mach Speed Technologies, Inc. The Courtney Group acted as a financial advisor to Mach Speed Technologies, Inc., a leading digital media supplier including MP3 players and other consumer electronics. Bill Howells, Founder and CEO of Mach Speed Technologies, said, "The transaction exceeded my goals and expectations and I couldn't have done it without The Courtney Group. I'm extremely pleased with how everything turned out. I'd recommend The Courtney Group to anyone considering a sale of their business. They found me great partners and we're off to a terrific start." Terms of the transaction were not disclosed.

About Mach Speed Technologies

Mach Speed Technologies, Inc. designs electronics, was founded in 1998, and is headquartered in Ada, Oklahoma. The Company is committed to providing its customers with the highest quality components and the best possible service. 

About Transition Capital Partners

Transition Capital Partners is a private equity firm based in Dallas, Texas. The firm invests in leveraged recapitalizations and management buyouts of well-managed, entrepreneurial, middle market service oriented businesses. The firm has been successful investing in high growth companies. See *www.tcplp.com.

About The Courtney Group

The Courtney Group, Incorporated provides investment banking and private equity services. We help companies raise debt and equity capital and advise on divestitures and acquisitions. Industries of interest include: financial services, energy, healthcare technology and manufacturing. Private equity opportunities of interest generally have cash flow of $2 million to $50 million. Securities transactions are handled by The Courtney Group, LLC, a member of FINRA and SIPC. For further information on the firm please visit www.thecourtneygroup.com.

Disclosure: The Courtney Group does not endorse this site, its sponsors, or any of the policies, activities, products, or services offered on the site or by any advertiser on the site."

*The Courtney Group does not endorse this site, its sponsors, or any of the policies, activities, products, or services offered on the site or by any advertiser on the site.

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Investor Group led by The Courtney Group and Pegasus Capital Group Acquires Plansee Thermal Management Solutions

A private investor group led by The Courtney Group and Pegasus Capital Group today announced they have acquired Plansee TMS, a world-class designer and manufacturer of custom components from engineered materials for microelectronics, from the Plansee Group. The business will now be known as SANTIER and will continue to operate out of its facilities in San Diego and be led by its current President & CEO Vimal Dutt.

"We are very pleased to acquire Plansee's custom components for microelectronics business as it perfectly fits our business model of investing in growth-oriented, mid-sized manufacturing companies with strong leadership teams, proven technology and a customer-centric solutions focus," said Thomas W. Courtney, Jr., President, The Courtney Group. "We have a history of acquiring businesses from large, corporate parents. Working with our team of operating executives we have often set up new systems for businesses to operate on a stand-alone basis."

Patrick Whelan of Pegasus Capital said, "SANTIER is already a strong business, and we look forward to support its continued growth by investing in new equipment, systems and capabilities while looking for complementary acquisitions."

As part of SANTIER's new ownership group, Steve Kaye, has joined as a director and investor. Mr. Kaye has a strong background in leading technology companies and was previously CEO of eInstruction, Centice and GTCO Calcomp. Bernhard Schretter, President, PLANSEE SE, said, "In recent years, the focus of the PTMS activities has shifted away from the core competencies of the Plansee Group. Therefore PLANSEE SE was looking for a new owner who is able and willing to further develop this promising business much better than we can do. We wish SANTIER much continued success under its new ownership."

Founded in 1991, SANTIER has produced more than 2 million components, device packages and assemblies for leading companies in the aerospace, defense, telecommunications and medical markets. SANTIER President & CEO Vimal Dutt said, "We are a build-to-spec solutions company dedicated to the success of our customers. We are excited about the opportunity to further expand our capabilities to the benefit of our customers." Terms of the transaction were not disclosed.

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