Stonebridge Fund IV portfolio company, Exal Corporation, announced the closing of the sale of its European operations to Ardaugh Group on February 28, 2012 for aggregate value exceeding $110 million. The sale included can manufacturing plants in France, the Netherlands and Hungary, as well as a joint venture slug plant based in France. Proceeds from the sale will be…
Stonebridge Partners (“Stonebridge”) is pleased to announce the sale of Boyd Corporation (“Boyd” or the “Company”) to LTI Flexible Products on July 26, 2011. Boyd was acquired from its majority owner and certain key managers and has grown its earnings by over five times since its acquisition by Stonebridge in February 2008. The transaction has resulted in a seven…
Stonebridge Partners (“Stonebridge” or the “Firm”) is pleased to announce the recent sales of its portfolio companies, Alpha Packaging (“Alpha”) and Durcon Laboratory Tops, Inc. (“Durcon”) for a combined value approaching $400 million. Alpha was acquired by Irving Place Capital, while Durcon was sold to Quad-C Management, Inc., two well-known, longstanding private equity firms. As both companies generated significant…
Stonebridge Partners (“Stonebridge”) is pleased to announce that it has recently completed the recapitalization of Specialty Bakers LLC (“Specialty Bakers” or the “Company”). John Piotrowski remains President and CEO and retains a significant ownership position. Specialty Bakers is the fourth equity investment made by Stonebridge Partners Equity Fund IV, L.P. Tracing its roots back to 1901, Specialty Bakers is the…
Stonebridge Partners (“Stonebridge”) is pleased to announce that it has completed the acquisition of Attica Hydraulic Exchange (“Attica” or the “Company”) on August 2, 2010. Attica is the third equity investment made by Stonebridge Partners Equity Fund IV, L.P. Attica is a leader in rebuilding and repairing hydraulic components including pumps, motors, valves and electronic fluid controls, which are…
Stonebridge Partners is pleased to announce that it completed a growth equity recapitalization of Exal Group, the largest manufacturer of shaped aluminum containers in the world, in conjunction with Teachers Private Capital (TPC), a division of Ontario Teachers’ Pension Plan. The transaction closed on April 1, 2010, and represents the second equity investment of Stonebridge Partners Equity Fund IV….
