Building Products and Infrastructure


Durcon, Inc.
Sold: September 2010

Durcon, Inc. was the leading provider of epoxy resin laboratory countertops, sinks and related accessories to educational, industrial and commercial institutions as well as government agencies. Stonebridge’s investment in Durcon was a result of its acquisition of Laboratory Tops, Inc. and subsequent merger with its longstanding competitor, the Durcon Company. The combined entity known as Durcon significantly expanded its product offering to include phenolic resin products for the lab market together with engineered stone and advanced epoxy resin surfaces for use in the adjacent commercial and residential markets. The combination of Stonebridge guidance and management initiatives resulted in a compounded annual EBITDA growth rate of approximately 15% during Stonebridge’s ownership period.

Alpine Engineered Products, Inc.
Sold: February 2006

Alpine was the second largest manufacturer and supplier of products and services to the pre-manufactured, residential truss industry in the United States. The company’s integrated product offering provided its customers, truss manufacturers, with a total building solution for designing and manufacturing roof and floor truss components and wall panels. Alpine’s product and service offerings included its proprietary truss design software, engineering and design support services, truss manufacturing equipment, and metal connectors used in the construction of wood truss components. Alpine grew substantially during Stonebridge’s ownership and was sold to Illinois Tool Works (ITW-NYSE).

Joelson Taylor Concrete Products, Inc.
Sold: May 2000

The company was formed through the initial acquisition of Joelson Concrete Pipe Company in June 1995 and the subsequent acquisitions of Taylor Precast in July 1998, and two other smaller acquisitions. Joelson Taylor grew from a $17 million business at the time of acquisition to an $85 million business at the time of sale. The company became the leading manufacturer of concrete pipe and precast concrete structures and bridges in the State of Florida. Joelson Taylor’s state-of-the-art facilities and its manufacturing and product technology served as an excellent base for profitable growth.

Hunter Fan Company
Sold: December 2003

Hunter was the leading manufacturer and distributor in the branded ceiling fan category. Ceiling fans, including the Hunter and Casablanca brands, are the main products of the company, while home comfort products, which consist of air purifiers, humidifiers, thermostats and lighting, comprise the remainder. Hunter had a very strong management team that was highly successful in maintaining the company’s market leadership position, reducing manufacturing costs through ongoing strategic initiatives, and growing the business by extending the product lines of current home comfort products, as well as introducing new products utilizing the company’s highly recognized brand names.

Titan Tool, Inc.
Sold: August 1999

The company was the second largest manufacturer of spray painting accessories, parts and equipment sold into the professional painter, decorator and contractor segment of the paint industry. Titan sold a high quality line of professional spray paint tips, guns, pumps and peripheral equipment. The company’s primary painting systems were recognized within the industry for their innovative design, excellent performance and good value. Titan had revenues at the time of sale of approximately $35 million.

The D.S. Brown Company
Sold: March 1998

D.S. Brown was a manufacturer of bridge expansion joints, structural bearings and concrete highway paving seals, and was the only vertically integrated manufacturer serving its markets. D.S. Brown built a dominant market share in a number of its product lines and furthered its growth through two acquisitions under Stonebridge’s ownership. A fourth generation family owned enterprise, under Stonebridge’s ownership the business was continued to be run by a member of the Brown family. The company had revenues at the time of sale of approximately $40 million.

Chase Doors
Sold: March 2006

With sales of approximately $35 million, Chase was a leading producer and supplier of high impact traffic doors sold throughout the U.S. to commercial and industrial customers. The company also manufactured sliding doors, fire doors, cold storage doors, strip doors and motorized door operators. Chase completed three add-on acquisitions under Stonebridge’s management.

 


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