News

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.

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.

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.

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.

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.

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.

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.

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”)

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.

After a strong recovery in the global credit markets, Milestone Partners is pleased to announce that four portfolio companies have recently completed refinancing transactions.