News


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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Milestone Partners Forms Pancon Corporation

Milestone Partners is pleased to announce that on October 24, 2011 it completed the acquisition of two connector businesses (Pancon and Ark-Les Connectors) and a capacitor business (Paktron) from Illinois Tool Works Inc. The three businesses will be combined to form a new Company known as Pancon Corporation (“Pancon” or “Company”), which will be headquartered in Stoughton, MA. Milestone acquire the net assets of the businesses in the United States and the shares of related operations in Europe.

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Former Silver Lake Managing Director Joins Milestone Partners

Milestone Partners, a leading investor in lower middle market private equity, announced today that Ric Andersen, former Managing Director at Silver Lake Partners, has joined the firm. Mr. Andersen joins Milestone as a Partner and a member of the firm’s senior leadership team. He will also serve on the firm’s Investment Committee.

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Blaschak Coal Corp. Establishes New Mining Operations

Milestone Partners in pleased to announce that in late 2010 its portfolio company Blaschak Coal Corp. (“Blaschak” or the “Company”) completed an add-on transaction in Lattimer, PA, where it purchased a processing plant and secured long-term rights to mine coal.

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