Radnor, PA, August 8, 2013 – Milestone Partners is pleased to announce that its portfolio company Pancon Corp. completed a highly strategic add-on acquisition of Sunstone Components Group on August 2, 2013.Read more about Pancon Acquires Sunstone Components Group; Continues Add-On Search
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.Read more about Martex Fiber Acquires JBM Fibers
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.Read more about Milestone Partners Completes the Sale of Mariner Finance, LLC
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.Read more about Milestone Announces Final Closing of Milestone IV and Senior Level Promotions
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.Read more about Milestone Portfolio Company Pancon Seeks Add-on Acquisitions
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.Read more about Milestone Partners 2012 Review: Transaction Activity
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.Read more about Milestone Portfolio Company Machine Laboratory Seeks Add-on Acquisition Candidates
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.Read more about Milestone Partners Acquires Southern Management 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.Read more about Milestone Partners and Management Recapitalize Martex Fiber Southern Corp.
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.Read more about Milestone Partners and Management Recapitalize Image API, LLC