Posts made in 2006

Trivest Partners, L.P.  Completes The Recapitalization Of Box-Board Products, Inc.

Trivest Partners, L.P.  Completes The Recapitalization Of Box-Board Products, Inc.

MIAMI, FL – (DECEMBER 12, 2006) – Trivest Partners, L.P.  (“Trivest Partners”) today announced that it has completed the recapitalization of Box-Board Products, Inc.  (“Box-Board” or “the Company”), a leading manufacturer of custom corrugated products.  The Company, which was founded in 1968, operates from its headquarters in Greensboro, North Carolina. Since the mid-1990’s, Box-Board’s management team has invested heavily in quick setup, high throughput machinery and established an expertise in just-in-time delivery.  This strategy enables the Company to deliver...

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Trivest Partners Completes Sale Of Herbal Magic To Torquest Partners

Trivest Partners Completes Sale Of Herbal Magic To Torquest Partners

MIAMI, FL (NOVEMBER 2, 2006) – Trivest Partners, L.P. today announced the sale of Herbal Magic ULC (“Herbal Magic” or the “Company”) to TorQuest Partners, a leading Canadian-based manager of private equity funds.  Herbal was one of two franchisors in Trivest’s current portfolio and is Canada’s largest chain of weight loss centers with over 330 centers across North America. Trivest acquired Herbal in December 2003 from the Company’s founder, Dieter Decker, with funds from Trivest Fund III, a $316.5 million private investment fund.  During its ownership period, Trivest bolstered the management...

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Trivest Partners Completes Sale Of Superior International Industries, Inc.

Trivest Partners Completes Sale Of Superior International Industries, Inc.

Miami, FL (September 27, 2006) Trivest Partners, L.P. (“Trivest”) today announced the sale of Superior International Industries, Inc. (“Superior” or the “Company”) to MCG Capital (NASDAQ: MCGC) and Boyne Capital Advisors. Superior, Inc. of Carrollton, Georgia, is the leading manufacturer and distributor of commercial playground equipment and components.  The Company offers a complete line of recreational products, including rotationally molded plastic parts, turnkey soft style playground and park amenities.  Trivest acquired Superior with capital from Trivest Fund III, a $316.0 million...

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Trivest Affiliate Directed Electronics, Inc. Acquires Polk Audio

Trivest Affiliate Directed Electronics, Inc. Acquires Polk Audio

MIAMI, FL (SEPTEMBER 26, 2006) – Trivest Partners, L.P.  today announced that its affiliate Directed Electronics, Inc.  (“Directed” or the “Company”) has acquired Polk Audio (“Polk”), a leading provider of high performance home and mobile audio equipment, for approximately $136 million in cash.  Including Polk Audio’s approximately $86 million in net sales for the twelve months ended June 30, 2006, Directed’s net sales would have been approximately $435 million for the same period. Trivest initially acquired Directed from the Company’s founder, Congressman Darrell E.  Issa, over...

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Trivest Partners Completes Sale Of Jet Industries, Inc. To MCG Capital

Trivest Partners Completes Sale Of Jet Industries, Inc. To MCG Capital

Miami, FL (September 25, 2006) Trivest Partners, L.P. (“Trivest”) today announced the sale of Jet Industries, Inc. (“Jet Plastica” or the “Company”) to MCG Capital (NASDAQ: MCGC) and Boyne Capital Advisors.  The sale price, together with a prior dividend recapitalization, generated a return of more than three times Trivest’s original equity investment. Jet Plastica of Hatfield, Pennsylvania, is the largest independent manufacturer of injection molded disposable plastic cutlery, tumblers, dinnerware and extruded drinking straws.  The Company pioneered the manufacture of plastic cutlery 50...

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