REPRESENTATIVE INVESTMENTS
-
Lambent Holdings, LLC
Past InvestmentLambent Holdings, LLC (“Lambent” or the “Company”) is a holding company created to own and operate premier lighting companies within the rapidly growing LED lighting space.
Lambent’s initial platform investment was Delray Lighting, LLC (“Delray”) headquartered in Burbank, California. Delray is a leading manufacturer of energy-efficient, specification grade, architectural LED lighting fixtures. The Company’s core product families include circular, linear, pendants, and cylinders. Delray sells its products across the U.S. and Canada with a strong presence in Los Angeles, San Francisco, New York City, Seattle, and Chicago.
Lambent subsequently added LF Illumination, LLC (“LFI”) based in Chatsworth, California. LFI is a leading manufacturer of technologically-advanced LED architectural lighting fixtures. LFI has a strong presence in the high-end retail and hospitality markets and also sells its products to various other end markets, including healthcare, museum, commercial, and high-end residential.
SAC exited our investment in Lambent in May 2022.
-
ICS Holding, LLC
ICS Holding, LLC (“ICS”) is one of the leading providers of electrical and instrumentation contractor services in the Southeastern U.S. and Gulf Coast regions. The Company specializes in both industrial and heavy commercial end markets. Across its four operating subsidiaries, the ICS platform consists of more than 1,000 non-union employees working across 15 offices and 7 states.
The ICS platform consists of 4 businesses:
ICS’ initial platform investment was Electrical and Instrumentation Unlimited, LLC (“EIU”), acquired in September 2018. EIU is a leading provider of industrial electrical and instrumentation services throughout the U.S. Gulf Coast, Mid-Atlantic and Southeastern regions of the U.S. EIU provides a variety of electrical maintenance, installation, and construction services, as well as asset integrity services (e.g., cathodic protection and A/C mitigation services) to a diverse customer base in the heavy industrial and midstream markets. EIU operates from five facilities (Broussard, LA; Metairie, LA; La Porte, TX; Orlando, FL and Charlotte, NC) located throughout the Gulf Coast. Unique to ICS, the Broussard, LA team is almost 100% travel, allowing ICS to bid and work for customers across the U.S.
South Ark Electric, LLC (“SAE”), acquired in September 2019, offering electrical maintenance and construction services primarily to the poultry processing, rubber manufacturing and wood products markets. SAE operates from two facilities (Hope, AR and Siloam Springs, AR) and operates in Arkansas and the surrounding states.
Funderburk Electrical Services, LLC (“FES”), acquired in October 2020, offering electrical construction and maintenance services to the consumer products manufacturing, automotive and OEM, plastics, food & beverage, aerospace & defense, multi-unit housing and data center companies throughout Tennessee and the surrounding states. FES operates from two facilities (Knoxville, TN and Sevierville, TN).
Bright Future Electric, LLC (“BFE”), acquired in September 2021, offering electrical construction and maintenance services to the heavy commercial markets. BFE customers include institutional and education, healthcare, hospitality, multi-unit dwellings, retail, and other general heavy (high voltage) commercial clients primarily in Alabama and Florida. BFE operates from five facilities (Birmingham, AL; Huntsville, AL; Orlando, FL; Sarasota, FL; Fort Myers, FL; and Destin, FL.)
ICS continues to aggressively pursue growth opportunities organically and via acquisition. For more complete information, please visit the Company’s websites at www.eiuinc.com, www.southarkelectric.com, www.funderburkelec.com, and www.brightfutureelectric.com.
-
Marshall Goldman
With facilities in both Cleveland, OH and Beverly Hills, CA, Marshall Goldman Motor Sales (“Marshall Goldman”) is one of the largest dealers of used investment grade, collectible and highline exotic automobiles in North America. The Company specializes in sourcing high quality, unique, rare, low mileage and limited production vehicles from around the world. The team has over 300 years of market knowledge and experience working with Ferrari, Porsche, Lamborghini, Aston Martin and other premium automotive brands. Founded in 1978 as a vehicle wholesaler and retailer, Marshall Goldman has grown to become the leading provider of modern collectible and highline exotic cars to the auto enthusiast community. Over its history, Marshall Goldman has sold and shipped billions of dollars of vehicles to thousands of customers in all 50 states and multiple international locations.
For more complete information, please visit the Company’s website at www.marshallgoldman.com.
-
Helix Traffic Solutions
Past InvestmentHelix Traffic Solutions is a leading provider of traffic control services and traffic control devices to private and public entities with service offerings that include flagging, installation and maintenance of work zones, installation of temporary and permanent signage, and other related traffic management services. The Company operates throughout the U.S.
SAC exited our investment in Helix in August 2021.
-
Stueve Holdings, LLC
Stueve Holdings, LLC (“Stueve” or the “Company”) is a design, engineering and construction firm focused primarily on the construction of dry fertilizer storage facilities. The Company is the dominant leader in the North American market providing a full-service approach that includes pre-construction planning, design, engineering, construction and project management capabilities. Stueve has developed a market-leading reputation in the industry due to its in-house engineering capabilities and ability to execute on all types of projects. Stueve was founded in 1958 and is headquartered in Algona, Iowa. In 2018, Stueve acquired CCS, a design, engineering and construction company focused primarily on the construction of animal confinement facilities across the United States. The Company sold CCS in July of 2022.
For more complete information, please visit the Company website at www.stueve.com.
-
Bulk Lift International, LLC
Past InvestmentHeadquartered in St. Charles, IL, Bulk Lift International, LLC (“BLI” or the “Company”) is a leading manufacturer and supplier of customized flexible intermediate bulk containers (“FIBCs”), bulk bags, totes, small packaging and dry bulk container liners serving the chemical, food, minerals, agriculture, waste and pharmaceuticals markets. BLI manufactures a wide array of packaging products – most of which are configured to meet individual customer specifications. Products are customized according to the transportation, filling, emptying, material and strength needs of the customer’s applications and meet food safety, electrostatic and contamination-free requirements.
SAC exited our investment in BLI in November 2022.
-
Toy Investments, Inc.
Headquartered in Sumner, WA, Toy Investments, Inc., d/b/a Toysmith (“Toysmith” or the “Company”) is a leading supplier and virtual manufacturer of impulse and novelty toy and gift products. The Company’s product categories include outdoor adventure, science, active play, vehicles, dolls, light-up toys and role play, among others. Toysmith distributes products under a number of brands, including “Toysmith”, “4M”, “B.Toys”, “Battat”, “NightZone”, “FlashBanz” and “Spy Gear”, among others. In addition, Toysmith supplies promotional products, such as kids’ meal toys, executive gifts, trade show premiums, components for kits and corporate product advertising. The Company sells to mass retailers, distributors, specialty retailers, museums, zoos, hospital gift shops, educational dealers and internet retailers primarily in North America with additional distribution capabilities throughout the world.
For more complete information, please visit the Company’s website at www.toysmith.com.
-
East Iowa Machine Company, LLC
Past InvestmentHeadquartered in Farley, IA, East Iowa Machine Company, LLC (“EIMCo” or the “Company”) is a leading manufacturer of metal components and assembled products predominantly used in agricultural, industrial, housing, heavy construction and food processing applications. EIMCo utilizes a full suite of manufacturing capabilities, including CNC plasma and flame cutting, CNC milling, turning, grinding, laser cutting, heat treating and robotic welding, to serve as a one-stop shop for its customers’ product needs. The Company serves as a key supplier to a number of blue chip OEM customers located throughout the Midwest, East Coast and Canada.
SAC exited our investment in EIMCo in October 2023.
-
Mid-State Restoration, Inc.
Past InvestmentMid-State Restoration, Inc. (“Mid-State” or the “Company”), headquartered in Lakeville, MN with additional operations in Spearfish, SD, St. George, UT and Denver, CO, is a leading pavement preservation contractor providing road reconstruction solutions to public and private enterprises throughout the United States. The Company’s service lines include milling, full depth reclamation (“FDR”), soil stabilization, and cold-in-place recycling (“CIR”). Compared to traditional road reconstruction methods (where the road and its base are crushed, hauled away, and new road materials are hauled back to the roadway for application), CIR is more cost effective and environmentally-friendly, as less aggregate material, fuel, and labor hours are used in the process, which crushes and reapplies the materials on-site. The majority of Mid-State’s business is conducted in Minnesota, Michigan, Colorado, Utah, South Dakota, North Dakota, Iowa, Nebraska and Oklahoma.
SAC exited our investment in Mid-State in August 2021.
-
Greenlite 360, LLC
Past InvestmentGreenlite 360, LLC (Troy, Michigan) was initially founded in 1983 as Personal Care Products, Inc. In 2017, the majority of the Personal Care Products assets were sold and the company was reorganized under Greenlite 360, LLC as a supplier of private label and branded solutions within the health & beauty and household products segments. Since 2017, Greenlite 360, which utilized the d/b/a of GL 360 as part of its business, launched a variety of naturally inspired products with consumer validated product performance. The company wound down operations in 2019 and the remaining Greenlite 360 assets were sold.
-
Mail Communications Group, LLC
Past InvestmentMail Communications Group, LLC (MCG), was a leading presort mailing service company with capabilities in laser printing, letter processing, data collection and electronic document presentation. The Company served clients in financial services, health care, insurance and other industries and had four subsidiaries, Mail Services, LLC, located in Urbandale, Iowa, Qualified Presort Service, LLC, located in Sioux Falls, South Dakota, Presort Plus, LLC, located in Bismarck, North Dakota, and Ozark Mailing Services, LLC, located in Springfield, Missouri.
SAC exited our investment in MCG in August 2017.
-
AMS Holding, LLC
AMS Holding, LLC (“AMS” or the “Company”) is a leading global direct marketing company within the collectible coin sector with offices in Minnesota, Florida, Utah, Shanghai and Hong Kong. AMS sells rare, shipwreck, series, and special event coins to an established client base. AMS markets its collectible coins through a broad range of direct marketing channels, including print ads, direct mail, financial newsletters, multi-title catalogs, internet websites (GovMint.com, ModernCoinMart.com and www.lpm.hk), email and direct telemarketing.
For more complete information, see the Company’s websites at www.govmint.com, moderncoinmart.com and www.lpm.hk.
-
Norwesco, Inc.
Past InvestmentHeadquartered in St. Bonifacius, MN, Norwesco, Inc. (“Norwesco” or the “Company”) was the largest manufacturer of polyethylene tanks in North America. The Company designed, manufactured, and marketed a broad assortment of polyethylene tanks primarily to the agricultural and septic tank markets, and was the market leader in each of these respective categories. The Company also sold a line of valves, couplers, and adapters for use with its tanks.
SAC exited our investment in Norwesco in September 2008.
-
Ontario Drive and Gear, Ltd.
Past InvestmentOntario Drive and Gear, Ltd. (“ODG” or the “Company”), based in New Hamburg, Ontario, was the world’s leading manufacturer of amphibious all-terrain utility vehicles. Known primarily for its “Avenger” line, the Company produced approximately 70 percent of all amphibious UTV/ATV’s in the world. Founded in 1962, the Company built dominant market share around its specialized and proprietary transmission technology, core to the “Argo” product line of amphibious ATV/UTV’s.
SAC exited our investment in ODG in August 2014.
-
ALCO Manufacturing Corporation LLC
Past InvestmentALCO Manufacturing Corporation LLC (“ALCO” or the “Company”) was a premier manufacturer of engineered hydraulic hose fittings, quick disconnect couplings, air conditioning and refrigeration couplings, tube fittings, and other fluid power components. The Company operated as a preferred provider for a global, blue chip customer base demanding high quality turned screw and CNC products. ALCO was formed in 1971 and was headquartered in Elyria, Ohio, thirty miles west of Cleveland.
SAC exited our investment in ALCO in June 2011.
-
Natural Resource Group, LLC
Past InvestmentNatural Resource Group, LLC (NRG) was founded in 1992 and distinguished itself from other environmental consulting firms by focusing solely on energy projects. NRG was a market leader in providing public affairs support and environmental permitting and compliance services for natural gas, crude oil, and refined products pipelines. NRG also provided environmental and public affairs services for new and expanded gas storage facilities, including LNG terminals; the electric generation, transmission, and utilities sector; as well as all aspects of renewable energy. NRG had offices in Minneapolis, Houston, Denver, Providence, Charlotte, Baton Rouge, Portland, Las Vegas, Anchorage, Syracuse and Chicago and Calgary, Alberta.
SAC exited our investment in NRG in September 2014.
-
Wholesale Produce Supply, LLC
Past InvestmentWholesale Produce Supply, LLC (“WPS”) was a leading distributor of fresh fruits and vegetables to grocery wholesalers and foodservice distributors. Based in Minneapolis, MN, the company was one of the largest tomato suppliers in the country and offered over 100 additional produce items to customers primarily in the Upper Midwest.
SAC exited our investment in WPS in November 2011.
-
Mitchell’s Oil Field Service, Inc.
Past InvestmentMitchell’s Oil Field Service, Inc. (“Mitchell’s”), headquartered in Sidney, MT, was a leading oil field services provider to major and independent oil producers throughout the Williston Basin. The Company had additional facilities in Glendive, MT, Baker, MT, Watford City, ND, Bowman, ND, Killdeer, ND, and Williston, ND.
SAC exited our investment in Mitchell’s in October 2012.