Portfolio

 

Private Credit

Family Office Platform

Value-Added Distribution


  • Supply Chain Services

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    Founded in 2002 and headquartered in Oakdale, MN, Supply Chain Services is a provider of automated data collection solutions. SCS offers technology and customized products, including mobile computers, robotics, and RFID, to automate supply chains of high-growth industries.

    • Status: Active
    • HQ Location: Midwest
    • Industry: Value-Added Distribution
    • Fund: Private Credit Fund II
    • Deal Team: Tyson Smith, Jack Surma, and Paul Oris, CPA
    • Investment Date: 11/05/2020
  • Midwest Equipment Sales

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    Midwest Equipment Sales ("MWE") is a diversified distributor of branded and private label consumer and industrial products selling through third-party eCommerce, direct eCommerce, and wholesale channels. The Company operates two primary divisions, organized by product offering, Tracks & Tires (aftermarket replacement tracks, tires, wheels, and components) and Outdoor Power Equipment (portable generators, pressure washers, etc.).

    • Status: Active
    • HQ Location: Midwest
    • Industry: Value-Added Distribution
    • Fund: Private Credit Fund II
    • Deal Team: Matt Harnett, Sean Edmonson, and Austin Montevecchio
    • Investment Date: 03/06/2020
  • Primetac

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    Primetac is a leading distributor of industrial packaging materials including acrylic tapes, hot-melt adhesives, converted stretch films, strapping tapes and other related products. The Company serves its customers through its headquarter location in New Jersey as well as four distribution centers located in Florida, Texas, California and Washington.

    • Status: Active
    • HQ Location: Northeast
    • Industry: Value-Added Distribution
    • Fund: Private Credit Fund II
    • Deal Team: Stephen J. Gurgovits, Jr., CPA, CFA, Ian Frazier, and Austin Montevecchio
    • Investment Date: 06/14/2019
  • FSC Lighting

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    FSC Lighting is an energy-efficient lighting manufacturer for industrial, commercial, and retail clients across the country. The Company’s mission is to “go beyond efficiency” at every level of its business. For clients, this means providing comprehensive product support, fast and cost-efficient customization, cutting-edge technology like advanced controls, and innovative, application-specific lighting solutions.

    • Status: Active
    • HQ Location: West
    • Industry: Value-Added Distribution
    • Fund: Private Credit Fund II
    • Deal Team: Matt Harnett, Sean Edmonson, and Matt Sweet
    • Investment Date: 08/31/2018
  • Connecticut Electric, Inc.

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    Connecticut Electric is the exclusive U.S. provider of aftermarket residential and commercial circuit breakers and accessories for legacy brand electric service panels. The Company effectively serves its customers through several key channels, including e-commerce, brick-and-mortar retail, and electrical distributors.

    • Status: Active
    • HQ Location: Midwest
    • Industry: Value-Added Distribution
    • Fund: Private Credit Fund II
    • Deal Team: Matt Harnett, Sean Edmonson, and Austin Montevecchio
    • Investment Date: 03/18/2018
  • Stock'd Supply (Fund II Investment)

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    Stock'd Supply, formerly Bolts & Nuts Corp. is as an ISO certified, value-added distributor of high quality commercial and construction fasteners. The Company’s primary location is in Chattanooga, TN, with additional locations in Macon, GA, Chicago, IL, Lincoln, NE, Mocksville, NC, Louisville, KY, and Hayward, CA. Stock'd Supply serves 500 active customers in three primary end markets: original equipment manufacturing/OEM, construction, and plant maintenance. Stock'd Supply offers over 30,000 SKUs of fasteners and MRO supplies.

    • Status: Exited
    • HQ Location: South
    • Industry: Value-Added Distribution
    • Fund: Private Credit Fund II
    • Deal Team: Stephen J. Gurgovits, Jr., CPA, CFA, Jack Surma, and Paul Oris, CPA
    • Investment Date: 08/28/2017
  • Hoodmart

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    HoodMart specializes in the design, manufacture and sale of ventilation systems (exhaust hoods) for the large and growing commercial cooking industry. The company manufactures both traditional mounted systems, which tie into the existing HVAC network as well as portable, ventless hoods, which feature replaceable charcoal filters. The company's hoods are manufactured as a complete system and include exhaust fans and fire suppression systems. Through its www.hoodmart.com website, the company was the pioneer of the direct-to-end-user business model for commercial cooking exhaust hoods. By going direct to the end-user, HoodMart is able to avoid heavy dealer markups and thus pass the savings on to its customers. HoodMart's primary customers include individual restaurateurs, small restaurant groups, HVAC installers and smaller commercial kitchens such as those found in convenient stores and office cafeterias.

    • Status: Active
    • HQ Location: Midwest
    • Industry: Value-Added Distribution
    • Fund: Private Credit Fund I
    • Deal Team: Matt Harnett, Sean Edmonson, and Paul Oris, CPA
    • Investment Date: 03/31/2016
  • Burrell Reagents

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    Burrell Reagents is a leading manufacturer and distributor of a wide range of specialty chemicals, supplies, and equipment used in analytical testing labs and production operations throughout North America. With an offering that includes over 50,000 SKUs, Burrell Reagents serves over 1,500 customers and is dedicated to delivering outstanding customer service and technical support while adhering to stringent quality standards.

    • Status: Exited
    • HQ Location: Northeast
    • Industry: Value-Added Distribution
    • Fund: Private Credit Fund I
    • Deal Team: Matt Harnett and Ian Frazier
    • Investment Date: 11/02/2015
  • Convenience Valet

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    Convenience Valet ("CV") is the originator and leading value-added distributor of blister pack (windowed) branded convenience / travel size health and beauty care products, over-the-counter drugs, personal care products and sundries sold in small-portion packages. CV acquires branded products from the manufacturer and then repackages the products in convenient size (single / double dose) and trial / travel size packages for over 100,000 retail locations, which include grocery stores, convenience stores, drug stores, gas stations, mass merchants, warehouse clubs, travel centers, airports, hotels and cruise lines. The company distributes over 500 branded products and has established an expansive distribution network, through which its partners' products can efficiently reach consumers on a nationwide basis.

    • Status: Exited
    • HQ Location: Midwest
    • Industry: Value-Added Distribution
    • Fund: Private Credit Fund I
    • Deal Team: Matt Harnett, Husnain Safdar, and Austin Montevecchio
    • Investment Date: 03/02/2015
  • Powertrack International

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    Powertrack is a value-added distributor of industrial & hydraulic hose and fittings products. With 1,000+ Unique SKUs across 8+ product types, Powertrack is able to provide mission-critical components to customers in the industrial, construction, oil & gas, original equipment manufacturers, and other end-markets.

    • Status: Active
    • HQ Location: Northeast
    • Industry: Value-Added Distribution
    • Fund: Private Credit Fund I
    • Deal Team: Tyson Smith, Jack Surma, and Dan Drew
    • Investment Date: 10/28/2014
  • Kitchen Cabinet Distributor

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    Kitchen Cabinet Distributor ("KCD") manufactures and distributes low-cost, high quality, ready-to-assemble (“RTA”) cabinets throughout the Southern United States.

    • Status: Active
    • HQ Location: South
    • Industry: Value-Added Distribution
    • Fund: Private Credit Fund I
    • Deal Team: Tyson Smith, Husnain Safdar, and Austin Montevecchio
    • Investment Date: 03/03/2014
  • Stock'd Supply (Fund I Investment)

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    Stock'd Supply, formerly Bolts & Nuts Corp. is as an ISO certified, value-added distributor of high quality commercial and construction fasteners. The Company’s primary location is in Chattanooga, TN, with additional locations in Macon, GA, Chicago, IL, Lincoln, NE, Mocksville, NC, Louisville, KY, and Hayward, CA. Stock'd Supply serves 500 active customers in three primary end markets: original equipment manufacturing/OEM, construction, and plant maintenance. Stock'd Supply offers over 30,000 SKUs of fasteners and MRO supplies.

    • Status: Exited
    • HQ Location: South
    • Industry: Value-Added Distribution
    • Fund: Private Credit Fund I
    • Deal Team: Stephen J. Gurgovits, Jr., CPA, CFA, Jack Surma, and Paul Oris, CPA
    • Investment Date: 11/09/2013
  • Glunt Industries

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    Glunt Industries is a world-renowned remanufacturer and service provider of equipment to U.S. steel and aluminum mills. From its two manufacturing locations, the Company reconditions, rebuilds, upgrades and extends the service life of virtually all of the equipment that is used in the production of steel and aluminum, with industry-leading expertise restoring mandrels, mandrel bars, chocks and rolls.

    • Status: Exited
    • HQ Location: Midwest
    • Industry: Value-Added Distribution
    • Fund: Legacy Fund
    • Deal Team: Stephen J. Gurgovits, Jr., CPA, CFA, Matt Harnett, and Tyson Smith
    • Investment Date: 10/15/2011
  • Tri-Tech Forensics Inc.

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    Tri-Tech Forensics Inc. is a leading designer, manufacturer, and distributor of over 4,000 law enforcement products. It is also one of the largest manufacturers of forensic evidence collection kits, DNA collection kits used in crime laboratories and other customized crime scene investigation kits.

    • Status: Exited
    • HQ Location: South
    • Industry: Value-Added Distribution
    • Fund: Legacy Fund
    • Deal Team: Stephen J. Gurgovits, Jr., CPA, CFA, Matt Harnett, and Tyson Smith
    • Investment Date: 07/01/2011
  • Marwas Steel Company (“MLP Steel”)

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    Marwas Steel Company (“MLP Steel”) is one of the area’s leading manufacturers and fabricators of specialty steel wire and rod products for use in a variety of end markets such as industrial construction, roads and infrastructure, mining, transportation, automotive, aviation and consumer products. Marwas operates two distinct divisions: Fayette Steel Company, which manufactures various types of cold drawn rod (i.e. “heavy wire”) in round, hexagon, square, and flat configurations from wire stock, and Laurel Steel Products Company, which manufactures various types of standard and specialty grating, such as heavy duty steel bar grating used in a variety of industrial applications, walkway grating and roadway inlet frames and grates.

    • Status: Exited
    • HQ Location: Northeast
    • Industry: Value-Added Distribution
    • Fund: Legacy Fund
    • Deal Team: Stephen J. Gurgovits, Jr., CPA, CFA, Matt Harnett, and Tyson Smith
    • Investment Date: 01/01/2008

Case Studies

Burrell | Reagents

Burrell Scientific, LLC manufactures and distributes laboratory equipment and supplies. Reagents, LLC is located in Charlotte, NC and has been blending, packaging, and distributing custom laboratory solutions for over 40 years.

Uncle Charley's

Uncle Charley’s Sausage Company (“UCSC”) is a Western Pennsylvania based pork sausage producer with a strong market share in the Greater Pittsburgh Region.

Hometown Hospice

Hometown is a provider of hospice and home-care services to skilled nursing facilities, assisted living facilities, and residents in the greater Milwaukee area.​