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January 27, 2017

PR-Logo-NewswireRYE, N.Y., Jan. 27, 2017 /PRNewswire/ — Dunes Point Capital, LLC has acquired Power Distribution, Inc. (“PDI”) from Smiths Group plc. Located in Richmond, VA, PDI designs, manufactures, and services mission critical power distribution, static switching, and power monitoring equipment for corporate data centers, industrial and commercial customers sold under the PDI and Onyx Power brands. PDI has operating facilities in Virginia and California and employs approximately 450 people. For more information, please visit www.pdicorp.com and www.onyxpower.com.

DPC Investment Partners, LLC provided the controlling equity for the transaction. The debt for the transaction, together with an equity co-investment, was provided by certain funds advised by FS Investments and sub-advised by GSO Capital Partners LP; and Bank of America Business Capital.

Kirkland & Ellis LLP served as legal advisor to DPC, and Alvarez & Marsal Transaction Advisory Group served as financial advisor to DPC. Harris Williams & Co. served as financial advisor to Smiths Group plc.

About DPC: Founded in 2013, DPC is a family office and private investment firm, pursuing control investments in companies operating in the general industrial sector. DPC targets companies with enterprise values of up to $500 million. For more information, please visit www.dunespointcapital.com.

About Power Distribution, Inc. (“PDI”): Founded in 1978, PDI designs, manufactures, and services mission critical power distribution, static switching, and power monitoring equipment for corporate data centers, industrial and commercial customers sold under the PDI and Onyx Power brands. PDI has operating facilities in Virginia and California and employs approximately 450 people. For more information, please visit www.pdicorp.com and www.onyxpower.com.

SOURCE Dunes Point Capital, LLC

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December 23, 2016

PR-Logo-NewswireRYE, N.Y., December 23, 2016 /PRNewswire/ — Dunes Point Capital, LLC (“DPC”) has acquired the assets of Floors, Inc. (“Floors”) and Malibu Acceptance Corporation (“Malibu”), which will be combined to create a diversified flooring platform.

Located in Southlake, TX, Floors is a full service designer, installer and retailer of flooring products to home builders and homeowners throughout Texas. Floors was founded in 1983 and operates six retail centers, four design centers and four builder operation centers throughout Texas. For more information, please visit www.floorsinc.com.

Located in Richardson, TX, Malibu is a full service designer and installer of flooring products to multifamily builders throughout the country. Founded in 1995, Malibu operates in 13 states.

DPC Investment Partners, LLC provided the equity for the transaction. The debt for the transaction was provided by Cerberus Business Finance, LLC.

Kirkland & Ellis LLP served as legal advisor to DPC, and Alvarez & Marsal Transaction Advisory Group served as financial advisor to DPC. MAB Corporate Advisors served as financial advisor to Floors and Malibu.

About DPC: Founded in 2013, DPC is a family office and private investment firm, pursuing control investments in companies operating in the general industrial sector. DPC targets companies with enterprise values of up to $500 million. For more information, please visit www.dunespointcapital.com.

SOURCE Dunes Point Capital, LLC

Copyright © 2016 PR Newswire. All rights reserved

 


December 21, 2016

PR-Logo-NewswireRYE, N.Y., December 21, 2016 /PRNewswire/ — Harvey Building Products (“Harvey”), a portfolio company of Dunes Point Capital, LLC (“DPC”), has acquired Soft-Lite Windows (“Soft-Lite”), a manufacturer of vinyl replacement windows. Soft-Lite is headquartered in Streetsboro, OH and distributes its products throughout much of the United States. DPC previously acquired Harvey in 2015. Harvey is a leading manufacturer and distributor of high quality building products, with a deep presence in the Northeast.

About DPC: Founded in 2013, DPC is a family office and private investment firm, pursuing control investments in companies operating in the general industrial sector. DPC targets companies with enterprise values of up to $500 million. For more information, please visit www.dunespointcapital.com.

About Soft-Lite: Soft-Lite is a vinyl replacement window manufacturer headquartered in Streetsboro, OH. Soft-Lite sells its products directly to its customers, specializing in large, private label window dealers. For more information, please visit www.soft-lite.com.

About Harvey: Founded in 1961, Harvey is a leading manufacturer of high quality building products. Headquartered in Waltham, MA, Harvey sells directly to contractors, builders, general contractors and other building industry professionals. In addition to manufacturing vinyl windows and doors, they also distribute siding, roofing, decking and trim. The company has approximately 1,500 employees and operates two manufacturing facilities, 35 distribution centers and 14 product showrooms that are open to the public. For more information, please visit www.harveybp.com.

SOURCE Dunes Point Capital, LLC

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May 16, 2016

PR-Logo-NewswireRYE, N.Y., May 16, 2016 /PRNewswire/ — Industrial Group Holdings, LLC, a portfolio company of Dunes Point Capital, LLC has acquired MultiSource Manufacturing LLC (“MultiSource”). Located in Minnetonka, MN, MultiSource is a supply chain partner and end-to-end provider of precision machining and assembly solutions to leading original equipment manufacturers in the medical, aerospace, food and industrial end markets. MultiSource has eight manufacturing facilities in Minnesota and Colorado and employs approximately 330 people. For more information, please visit www.multisourcemfg.com.

Houlihan Lokey advised MultiSource through the sale.

About Dunes Point Capital, LLC (“DPC”): Founded in 2013, DPC is a family office and private investment firm, pursuing control investments in companies operating in the general industrial and energy sectors. DPC targets companies with enterprise values of up to $500 million. For more information, please visit www.dunespointcapital.com.

About Industrial Group Holdings, LLC (“IGH”): Located in Rye, NY, IGH is a holding company that oversees and manages nine industrial companies.

SOURCE Dunes Point Capital, LLC

Copyright © 2016 PR Newswire. All rights reserved

 


November 2, 2015

PR-Logo-NewswireRYE, N.Y., Nov. 2, 2015 /PRNewswire/ — Industrial Group Holdings, LLC, a portfolio company of Dunes Point Capital, LLC has acquired Standard Locknut, LLC (“Standard”). Standard is a leading manufacturer of bearing accessories used in OEM and replacement applications, including locknuts, lock washers, sleeves, and pillow blocks.

About Dunes Point Capital, LLC (“DPC”): Founded in 2013, DPC is a family office and private investment firm, pursuing control investments in companies operating in the general industrial and energy sectors. DPC targets companies with enterprise values of up to $500 million. For more information, please visit www.dunespointcapital.com.

About Standard Locknut, LLC (“Standard”): Founded in 1949, Standard is a leading manufacturer of bearing accessories that serves a variety of end markets including bearing, heavy construction, paper, mining, oil field, energy, and automotive. Standard is located in Westfield, IN. For more information, please visit www.stdlocknut.com.

SOURCE Dunes Point Capital, LLC

Copyright © 2015 PR Newswire. All rights reserved


  October 5, 2015

PR-Logo-NewswireRYE, N.Y., Oct. 5, 2015 /PRNewswire/ — Dunes Point Capital, LLC (“DPC”) announced today that it has acquired Harvey Building Products (“Harvey”). Harvey is a leading manufacturer and distributor of high quality building products. Harvey manufactures windows and doors under the Harvey brand name and also distributes siding, roofing and other building products. Headquartered in Waltham, MA, Harvey enjoys a dominant footprint in the Northeast.

DPC Investment Partners, LLC provided the controlling equity for the transaction. The debt for the transaction was provided by entities managed by affiliates of Franklin Square Capital Partners and sub-advised by an affiliate of GSO Capital Partners LP, Blackstone’s credit platform; Ladder Capital Finance LLC; and Bank of America Merrill Lynch.

Kirkland & Ellis LLP served as legal advisor to DPC; Alvarez & Marsal Transaction Advisory Group served as financial advisor to DPC; and Friedman Integrated Real Estate Solutions served as real estate advisor to DPC. Nutter McClennen & Fish served as legal advisor to Harvey, and Harris Williams & Co. served as financial advisor to Harvey.

About Harvey Building Products (“Harvey”): Founded in 1961, Harvey is a leading manufacturer and distributor of high quality building products that sells directly to contractors and builders. The company has approximately 1,500 employees and operates two manufacturing facilities, 33 warehouse locations and 14 product showrooms that are open to the public. For more information, please visit www.harveybp.com

About Dunes Point Capital, LLC (“DPC”): Founded in 2013, DPC is a family office and private investment firm, pursuing control investments in companies operating in the general industrial and energy sectors. DPC targets companies with enterprise values of up to $500 million. For more information, please visit www.dunespointcapital.com

SOURCE Dunes Point Capital, LLC

Copyright © 2015 PR Newswire. All rights reserved


June 2, 2014

PR-Logo-NewswireRYE, N.Y., June 2, 2014 /PRNewswire/ — Dunes Point Capital, LLC (“DPC”) announced today that it has acquired the assets or stock of a group of industrial and chemical businesses owned by Alco Industries Inc. (“Alco”).

DPC Investment Partners, LLC provided the equity for the transaction. The debt for the transaction was provided by an entity sub-advised by an affiliate of GSO Capital Partners LP (“GSO”), Blackstone’s credit business, and PNC Bank.*

Kirkland & Ellis LLP served as legal advisor to DPC, and Alvarez & Marsal Transaction Advisory Group served as financial advisor to DPC. Pepper Hamilton LLP served as legal advisor to Alco, and Houlihan Lokey served as financial advisor to Alco.

About Dunes Point Capital, LLC (“DPC”): Founded in 2013, DPC is a family office and private investment firm, pursuing control investments in companies operating in the general industrial and energy sectors. DPC targets companies with enterprise values of up to $500 million. For more information, please visit www.dunespointcapital.com

*The group of entities sub-advised by GSO are advised by affiliates of Franklin Square Capital Partners.

SOURCE Dunes Point Capital, LLC

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August 1, 2013

PR-Logo-NewswireCONWAY, S.C., Aug. 1, 2013 /PRNewswire via COMTEX/ — The Professional Plumbing Group Inc. (“PPG”) announced today that it has been acquired by Dunes Point Capital. PPG is the parent company of two legendary brands operating in the plumbing supply industry: Wolverine Brass and PlumbMaster. PPG was previously owned by affiliates of Bradford Equities (“Bradford”) and management.

Wolverine Brass, which was founded in 1896, manufactures branded, high-quality plumbing products in the United States and sells them directly to professional plumbers and tradesmen throughout the United States. PlumbMaster, founded under a predecessor name in 1932, distributes an array of high quality plumbing fixtures and fittings to the institutional and repair plumbing markets throughout the United States.

The debt for the transaction was provided by an entity sub-advised by an affiliate of GSO Capital Partners LP (“GSO”), Blackstone’s credit business, and PNC Bank.* Dunes Point Capital is the controlling equity shareholder. Other equity participants include an entity sub-advised by GSO and the PPG management team.

Lloyd Coppedge, Chief Executive Officer of PPG, stated: “We are very excited about the acquisition. Dunes Point Capital brought a unique perspective, with a long-term and committed vision to grow the Company. We are eager to start our new journey with DPC.”

Richard Rudolph, Managing Director of Bradford, stated: “We thoroughly enjoyed working with such a dedicated and talented management group and we appreciate their efforts. They have a great new partner in DPC and we wish them nothing but the best in their future endeavors.”

Kirkland & Ellis LLP served as legal advisor to Dunes Point Capital. Dechert LLP served as legal advisor to PPG and Bradford. Lincoln International represented the sellers, and Isleworth Capital served as a consultant to PPG.

About Professional Plumbing Group (“PPG”): PPG is the parent company of Wolverine Brass, Inc. and PlumbMaster, Inc. PPG has its headquarters in Conway, S.C., with additional operations in Concordville, Pa., and Oceanside, Calif. PPG employs approximately 310 people. For more information, please visit www.ppg-inc.com.

About Dunes Point Capital (“DPC”): Founded in 2013, Dunes Point Capital is a private investment firm, pursuing control investments in companies operating in the general industrial and energy sectors. DPC targets companies with enterprise values of up to $300 million. For more information, please visit www.dunespointcapital.com

*The entity sub-advised by GSO Capital Partners is FS Investment Corp II, and it is advised by FB Income Advisors, LLC.

SOURCE Kirkland & Ellis LLP

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