News


Milestone Partners Announces Two New Platform Investments and Other Activity in 2013

Radnor, PA, January 9, 2014 – Milestone Partners remained an active participant in lower middle market private equity in 2013 as exemplified by some key events shown below. We are grateful for the continued support of our limited partners, management teams, financing partners, investment banking partners, operating partners, professional advisors and other friends of the firm, and we are excited to build on these relationships in 2014.

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Martex Fiber Acquires Bollag International

Radnor, PA, November 14, 2013 – Milestone Partners is pleased to announce that on November 13, 2013, its portfolio company Martex Fiber Southern Corp. (www.martexfiber.com) completed an add-on acquisition of Bollag International Corporation and certain affiliated entities.

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Martex Fiber Acquires JBM Fibers

Milestone Partners is pleased to announce that on June 24, 2013, its portfolio company Martex Fiber Southern Corp. (www.martexfiber.com) completed an add-on acquisition of JBM Fibers, a shoddy (recycled fiber) manufacturing business in Brownsville, Texas. JBM is a major regional player in the post-consumer textile waste industry, providing recycled textile products to a diversified customer base nationwide.

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Milestone Partners Completes the Sale of Mariner Finance, LLC

Milestone Partners is pleased to announce that in May 2013 it completed the sale of Mariner Finance, LLC (“Mariner” or the “Company”) to an investment group. The sale transaction generated a gross return in excess of 5x Milestone’s invested capital and a compounded annual growth rate of approximately 60%. Headquartered in Baltimore, Maryland, Mariner (www.marinerfinance.com) is a leading provider of consumer installment loans operating 57 branches in seven states from New York through Tennessee.

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Milestone Announces Final Closing of Milestone IV and Senior Level Promotions

Radnor, PA, April 4, 2013 – Milestone Partners (“Milestone”) is pleased to announce the final closing of Milestone Partners IV, L.P. (“Milestone IV”) with total commitments of $300 million, representing a 25% increase over its predecessor fund, Milestone Partners III, L.P. (Milestone III). Milestone is also pleased to announce the promotions of John Nowaczyk to Partner and Dan Ryan to Principal and Head of Business Development.

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Milestone Portfolio Company Pancon Seeks Add-on Acquisitions

Milestone Partners is actively seeking potential add-on acquisitions for Pancon Corporation (www.panconcorp.com). Based in Stoughton, MA, with additional operations in Illinois, Virginia, Germany and Slovenia, Pancon is a leading global designer and manufacturer of industry standard and custom cable connectors (discrete and mass terminated) and their associated board mount interfaces.

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Milestone Partners 2012 Review: Transaction Activity

Milestone Partners remained active in lower middle market private equity transactions in 2012, as detailed below. All of us at Milestone wish you a happy holiday season and a prosperous 2013.

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Milestone Portfolio Company Machine Laboratory Seeks Add-on Acquisition Candidates

Milestone Partners is actively seeking potential add-on acquisitions for Machine Laboratory, LLC (“Machine Lab” or the “Company”). Machine Lab is a Lenexa, KS based provider of engineering solutions and high-precision manufacturing capabilities for a variety of end markets, including aerospace and defense, automotive and medical.

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Milestone Partners Acquires Southern Management Corp.

Milestone Partners is pleased to announce that on May 31, 2012, it completed the acquisition of Southern Management Corporation and certain affiliates (“Southern” or the “Company”). Milestone, the management team of Southern and other co-investors provided equity capital for the transaction, while Wells Fargo Bank, N.A. provided a senior credit facility.

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