Sverica International closed on its third acquisition since
launching its first fund on 2/20/02. Sverica acquires controlling stakes in
profitable “low-tech” companies with EBITDA of $2 million to 5 million.
VCS Capital Partners LLC is pleased to announce
the acquisition of Noreastco Door & Millwork, Inc. by Steven Lang Door &
Millwork, Inc. VCS acted as financial advisor to Noreastco in this transaction.
Stonebridge Associates, LLC recently acted
as financial advisor to Uponor Oyj in the sale of its subsidiary, Uponor ETI
Company, to PW Eagle Inc. ETI is the recognized technology leader in the North
American polyvinyl chloride (PVC) pipe market for municipal engineering applications.
Uponor Oyj, a publicly traded company based in Helsinki, Finland, is one of
the world’s leading producers of plastic pipe. PW Eagle Inc. is a publicly-traded
manufacturer of PVC pipe for municipal, industrial, and commercial applications.
Stonebridge Associates, LLC acted as advisor
to the Dead River Company in executing a recapitalization of the company to
provide liquidity to one of Dead River’s major shareholders. Dead River,
based in Portland Maine, is a leading distributor of petroleum products to Northern
New England and operator of convenience food stores.
Stonebridge Technology Associates, a division
of Stonebridge Associates, recently acted as financial advisor to Nabi Biopharmaceuticals
in its $100 million acquisition from Braintree Laboratories of the worldwide
rights to PhosLo, a prescription drug which is currently approved for the control
of elevated phosphate levels in patients with end-stage kidney failure. Nabi
is a publicly–traded developer and marketer of vaccines and antibody-based
therapies used to treat infectious, autoimmune, and addictive diseases.
Stonebridge Technology Associates recently
completed an advisory assignment for MARKEM Corporation of Keene, New Hampshire.
MARKEM is a leading designer and manufacturer of technologically advanced printing
systems used in the food packaging, beverage, pharmaceutical, semiconductor,
and general manufacturing industries.
Hammond, Kennedy, Whitney & Co. (HKW) acquired
Polyten, LLC from Bison Investments, Inc. The acquisition is the third for the
HKW-sponsored private equity fund, HKW Capital Partners II, L.P. (HKW Capital
Partners). The acquired business will operate as Coeur, Inc. Coeur is a leading
producer of proprietary disposable power injection syringes used primarily during
cardiac, diagnostic and therapeutic imaging procedures, such as angiography,
Computed Tomography (“CT”) and Magnetic Resonance Imaging (“MRI”).
Hammond, Kennedy, Whitney & Co. (HKW) acquired
UCAR Composites Inc. from GrafTech International Ltd. The acquisition is the
fourth for the HKW sponsored private equity fund, HKW Capital Partners II, L.P.
The acquired business will operate as Coast Composites, Inc. ("Coast").
Coast is a leading designer and manufacturer of large, tight tolerance tooling
systems for the defense, commercial aerospace and space/satellite industries.