Former Portfolio Companies
American Appraisal Associates, Inc. – Milwaukee, WI
Provider of financial, real estate management and industrial valuation services to government entities, healthcare providers and financial institutions. The firm focuses on valuations for mergers, acquisitions, divestitures, financial reporting and joint venture; litigation support; insurance placement; property records and tax planning consultations; machinery and equipment valuations; and fixed asset management. In addition, American Appraisal offers cost studies, purchase price allocations, valuations for health care provider purchases and consolidations, and environmental audits. The investment was exited via a recapitalization transaction.
The Charlton Group, Inc. – Madison, WI
Provider of outbound and inbound telemarketing services. The Charlton Group serves various markets including cable television, Internet sales and services, total call center solutions, financial services, foreign language campaigns, market research, publishing and fundraising. The investment was exited via a recapitalization transaction.
Converting, Inc. – Clintonville, WI
Designer, printer, converter and marketer of paper “partyware” in the form of disposable tableware products such as napkins, plates, bowls and cups. Founded in 1968, Converting’s core printing and converting processes include flexographic tissue printing with in-line packaging, flexographic printing with multiple plate, cup and bowl forming and packaging lines, as well as proprietary tableskirt and tablecover converting.
CNR Health – Milwaukee, WI
Provider of health benefits serving the needs of approximately 34 million medical members nationwide. CNR Health also offers a broad range of medical and specialty products.
Creative Forming, Inc. – Ripon, WI
Vertically integrated manufacturer of custom thermoformed plastic packaging products and an extruder of plastic sheet. Creative Forming sells custom designed and engineered packaging to the food, food service and consumer products industries.
CPI Engineering Services – Midland, MI
Developer, manufacturer (blends) and marketer of synthetic and semi-synthetic lubricants for original equipment manufacturers. CPI has sales, service and technical personnel around the world.
Duralam, Inc. – Appleton, WI
Provider of flexible packaging. Duralam offers plastic packaging films and paper for packaging meat, cheese, candy and other food products. It also provides laminating and pouch-making with optional zipper re-close features.
Eder Industries – Oak Creek, WI
Provider of electronic manufacturing services (EMS) focusing on the design and manufacturing of electronic assemblies for original equipment manufacturers (OEMs). Eder Industries offers its products to the industrial control, wireless, transportation and instrumentation markets.
Electrotek Corporation – Oak Creek, WI
Manufacturer of complex double-sided circuit boards through high-density, high-layer-count multilayer boards. Electrotek works with a wide range of customer requirements ranging from Planar Magnetics to high-reliability medical components. The investment was exited via a recapitalization transaction.
Encore Paper Company – South Glens Falls, NY
Manufacturer and marketer of tissue, towel and napkin products made of 100% recycled waste paper. Encore is a 100% recycled tissue paper producer. Additionally, Encore products are 100% chlorine-free.
GAMFG Precision, LLC – Franklin, WI
Manufacturer of highly engineered, tight-tolerance, precision-machined components for diesel engines, diesel fuel injection systems and other industrial applications. GAMFG sells directly to leading diesel OEMs and fuel system suppliers. GAMFG is the sole source supplier of diesel engine and fuel injection components on a number of diesel engine platforms characterized by high volume production and long part lives.
General American Corporation – Pittsburgh, PA
Provider of mortgage loan settlement services and a leading provider of mortgage fulfillment services connectivity software. General American offers its services over a proprietary Internet-enabled electronic gateway to mortgage lenders, settlement companies, title agencies and broker closing agencies nationwide.
GDXI, Inc. – Wauwatosa, WI
Provider of telemedical EKG testing and information services, data management and diagnostic services in the home healthcare and other non-hospital environments.
Gendex Corporation – Milwaukee, WI
Engages in the research and development, production and distribution of imaging equipment for the dental market. Gendex offers radiology and imaging products, including panoramic x-ray, intraoral x-ray, digital imaging, cameras and software.
Great Lakes Packaging Corporation – Germantown, WI
Supplier of corrugated and plastic corrugated containers, point-of-purchase products, foam and specialty packaging, fulfillment/contract packaging and related services to a broad range of customers and industries. Great Lakes Packaging is an industry leader and one of the largest independent packaging converting operations in its marketing area, building its reputation on state-of-the-art design capabilities and technology. The investment was exited via a recapitalization transaction.
HK Systems, Inc. – New Berlin, WI
Provider of material handling and supply chain execution software solutions. HK Systems develops, implements and supports solutions for the management of enterprise-wide inventory, distribution, logistics management and material handling systems. HK Systems manufactures automated guided vehicles, automated storage and retrieval machines, conveyors, von gal palletizers and picking systems. HK Systems also offers warehouse, transportation and event management systems.
HyperEdge Corp. – Batavia, IL
Designs and markets equipment and systems that enable broadband access within the “last mile” of the telecommunications network. HyperEdge is an established provider of T1-based broadband access products. The T1 access lines enabled by HyperEdge’s products are the primary means of delivering broadband access to large and medium-sized commercial customers. HyperEdge has assembled a blue-chip customer base with sales to large telecommunication service providers such as Verizon, SBC and Bell South, accounting for more than 80% of the Company’s revenue.
Jordan Controls, Inc. – Milwaukee, WI
Designer and manufacturer of a broad range of rotary, valve, and linear electric and electro-hydraulic actuators for process control and industrial automation. These products are used in the power generation, oil and gas, chemical, utilities, pulp and paper, and process industries. The investment was exited via a recapitalization transaction.
The Kelch Corporation – Cedarburg, WI
Designer and manufacturer of plastic products for holding, transferring and measuring fuel and other fluids. Kelch specializes in manufacturing plastic tanks, caps, gauges and sensors for non-automotive applications.
Kisco Water Treatment – Greendale, WI
Provider of industrial, municipal, commercial, and consumer water and wastewater treatment systems, products and services. Kisco markets various waterworks distribution products and services.
KraftSeal Corporation – Lake Forest, IL
Producer of tear-off lids and seals used for ready-to-serve food products in portion-controlled size containers for food products such as juice, puddings and desserts.
The Medalcraft Mint, Inc. – Green Bay, WI
Manufacturer of high-quality die struck medals, medallions, coins, awards, key chains, lapel pins, belt buckles, golf tools, money clips, ornaments and coasters. Complete in-house capabilities within a 32,000-square-foot facility gives Medalcraft artistic and manufacturing control over the production of die struck items. The investment was exited via a recapitalization transaction.
Oliver Products Company – Grand Rapids, MI
Oliver Products Company provides medical packaging solutions for Class II and III medical device OEM’s, meal packaging products for foodservice markets and niche food processing equipment with aftermarket support services.
Premix, Inc. – North Kingsville, OH
Manufacturer of thermoset composite molding compounds and custom molded composite parts. Premix is the second largest commercial thermoset compounder and is one of the largest independent custom molders of thermoset plastics in the U.S. Quantum Composites, Inc., a wholly-owned subsidiary of Premix, develops and manufactures state-of-the-art, high-performance, engineered structural composites utilizing advanced resins and fiber reinforcements.
Prime Distribution Services, Inc. – Indianapolis, IN
Non-asset based third-party logistics (3PL) provider specializing in warehousing, multi-vendor consolidation, cross-docking, transportation management and other value-added logistics services. The company services medium-sized suppliers to large retailers.
Industry: Outsourced Business Services
Red Arrow Products, LLC – Manitowoc, WI
Manufacturer of flavor enhancers, browning agents and non-contact grill marking machines for the corporate food and meat industries. Red Arrow Products also offers grill, roast and flavor enhancers, as well as develops liquid smoke application equipment, including drenching and atomization technologies. The investment was exited via a recapitalization transaction.
Sells Printing Company – New Berlin, WI
Provider of commercial lithographic printing services, with special emphasis on interfacing with customers’ desktop publishing capabilities. Examples of printed products include catalogs, annual reports, direct-mail programs, newsletters, publications and printed premiums. The investment was exited via a recapitalization transaction.
Shade-Allied, Inc. – Green Bay, WI
Manufacturer and distributor of stock computer forms, including 4-part, carbonless and plain sheet.
Specialized Medical Services, Inc. – Milwaukee, WI
Provider of quality oxygen and nutritional supplement products and consulting services to long-term, renal and oncological healthcare organizations. Healthcare organizations range from hospitals, dialysis and oncology clinics to nursing homes, hospices and rehabilitation agencies. The investment was exited via a recapitalization transaction.
Sturm Foods – Manawa, WI
Producer and packager of private label food products. Sturm provides a broad line of dry food products including hot cereals, hot cocoa, drink mixes, instant dry milk and side dishes. Sturm’s core products enjoy a #1 or #2 private label market share and are perceived to have quality as good as or better than the national brands. Sturm sells to leading supermarket chains, mass merchandisers and food service providers.
Tekra Corporation – New Belin, WI
Supplier of plastic films, adhesive products and hardcoated films. Tekra serves the appliance, automotive, consumer electronics, industrial and medical industries. Tekra has strategic partnerships with Bayer Polycarbonate Films, DuPont Teijin Films and 3M Laminating Adhesives. The investment was exited via a recapitalization transaction.
Tomah Products, Inc. – Tomah, WI
Manufacturer of specialty chemicals. Producer of ether amines and derivatives and a major producer of alcohol ethoxylates. Tomah is also a supplier of cationic, nonionic and amphoterics surfactants to a variety of markets in typically specialized applications. The investment was exited via a recapitalization transaction.