News


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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Milestone Partners and Management Recapitalize Martex Fiber Southern Corp.

Milestone Partners is pleased to announce that on April 30, 2012, it completed a recapitalization of Martex Fiber Southern Corp. (“Martex” or the “Company”). Milestone and Martex President Jimmy Jarrett provided equity capital for the transaction, while Sovereign Bank, N.A. provided senior debt facilities and THL Credit, Inc. provided subordinated debt.

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Milestone Partners and Management Recapitalize Image API, LLC

Milestone Partners is pleased to announce that on March 7, 2012 it partnered with management to complete the recapitalization of Image API, LLC (“Image API” or the “Company”), a leading provider of electronic content management solutions (“ECM”) and related outsourced services to state and local government agencies.

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Milestone Partners and Management Acquire Machine Laboratory, LLC

Milestone Partners is pleased to announce that on December 29, 2011 it partnered with management to complete the acquisition of Machine Laboratory, LLC (“Machine Lab” or the “Company”), a leading 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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Safemark Systems Acquires Best Lockers

Milestone Partners in pleased to announce that on October 28, 2011 its portfolio company Safemark Systems, Inc. (“Safemark”) acquired Best Lockers L.L.C. (“Best Lockers”)

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