COIL PARTNERS Announces Acquisition of AB Technology by SureKap

We are pleased to announce that our client AB Technology, Inc. ("AB Technology" or “the Company") has been acquired in an all-cash transaction by SureKap, LLC, a portfolio company of LFM Capital ("LFM”). Coil Partners acted as the exclusive financial advisor to AB Technology for the transaction.

Based in Los Angeles, California, AB Technology is an automation engineering company and an industry leader for high-speed labeling and padding systems focused primarily on the food packaging industry. The Company’s equipment is regarded as best-in-class due to its high performance labeling system and expert design/engineering. The Company has established a ~30-year history of manufacturing/engineering excellence and brand value serving the packaging industry's leading customers.

According Ante Baskovic Jr., AB Technology owner and EVP, "The alignment of AB Technology's and SureKap's business models and cultures is compelling. We are excited to extend our family legacy with SureKap to further serve our customers and scale the combined companies."

Advising the owners of AB Technology, Coil Partners was successful in managing a sell side M&A process that included positioning the Company’s value proposition to industry buyers, leading to structuring and negotiating the Company sale to SureKap.  

Baskovic Jr. added, "Coil Partners, led by Paul Donnelly, was instrumental in navigating the transactional and relational process with our leaders and those of SureKap and LFM. They were very effective in communicating our Company's value proposition to buyers, while walking alongside us at every stage of the process."

COIL PARTNERS Announces Acquisition of Krieger Specialty Products by Allegion

We are pleased to announce that our client Krieger Specialty Products LLC ("Krieger” or “the Company") has been acquired in an all-cash transaction by Allegion plc. Coil Partners acted as the exclusive financial advisor to Krieger Specialty Products for the transaction.

Based in Los Angeles, California, Krieger is a leading U.S. manufacturer of high-performance special purpose doors and windows for industrial, commercial and institutional markets. Krieger’s solutions include security, radio frequency, acoustical, forced entry, bullet, blast and thermal applications. The Company’s products are installed in a wide range of facilities ranging from data centers, hospitals, power plants and government offices to broadcasting stations, theaters, museums and banks.

According to Bob McCluney, Krieger’s owner and CEO, “The alignment of Allegion’s and Krieger's cultures is striking.” Allegion Americas’ Senior Vice President Dave Ilardi stated, “Krieger’s high-quality specialty products will add to the breadth of Allegion’s solutions, while our specification and institutional market expertise will fuel demand creation and growth for Krieger. Our businesses will also create greater manufacturing scale, leveraging our combined talented teams to best serve customers.” 

Advising the owner of Krieger Specialty Products, Coil Partners was successful in managing a sell side M&A process that included positioning the Company’s value proposition to industry buyers, leading to the structuring, and negotiating the Company sale to Allegion plc.  

COIL PARTNERS Announces Acquisition of Industrial Valco by Texas Pipe & Supply

We are pleased to announce that Texas Pipe & Supply has acquired our client Industrial Valco, Inc. ("the Company") located in California. Coil Partners acted as financial advisor to Industrial Valco for the transaction.

Industrial Valco is a 75-year branded Master Distributor serving the industrial and commercial pipes, valves, and fittings (“PVF”) market. The Company inventories ~25,000 PVF SKUs from longstanding strategic relationships with domestic and international manufacturers to provide PVF products “as needed.” Industrial Valco’s e-commerce platform ivalco.com and direct sales channel serve over 2,000 industrial and commercial distributors. Operating out of nine fulfillment centers nationwide, Industrial Valco’s market success is directly attributed to its branded speedability® guarantee of “in stock, error free, 2 hours or less.” 

The Texas Pipe Family of Companies is an industry leader in the manufacturing of fittings and distribution of pipe, fittings, flanges, valves, and instrumentation tubing - in all grades. Founded in 1918, the Texas Pipe family now operates over 20 sales and distribution facilities and 3 manufacturing facilities in the U.S. with 3 international sales offices in the U.K., Singapore, and Abu Dhabi. The acquisition of Industrial Valco complements its Dodson Global subsidiary and helps strengthen its combined market position by adding inventory, people, and technology to its platform.

“The Coil Partners team led by Paul Donnelly proved valuable in helping navigate the Company selling process, leading us from the transaction preparation and outreach through the LOI negotiation and execution of the definitive agreements. They stayed fully connected through all stages of the deal, which was critical and comforting for a first time seller," said Rob Raban, owner and CEO of Industrial Valco.

Advising the owner of Industrial Valco, Coil Partners was successful in structuring and negotiating the sale of the Company to the privately held strategic buyer, Texas Pipe & Supply, which continues to build on its operating portfolio consisting of 11 branded companies for the manufacturing and distribution of PVF related products.

COIL PARTNERS Announces Acquisition of Crown Components by U.S. LBM

We are pleased to announce that U.S. LBM has acquired our client Crown Components ("the Company") located in Arizona. Coil Partners acted as financial advisor to Crown Components for the transaction.

Founded in 2014, Crown Components serves framing and building contractors for residential, multi-family and light commercial projects. Crown Components manufactures all types of pre-assembled roof and floor wood trusses in a variety of shapes and systems, and provides full turn-key manufacturing services including materials takeoffs, truss design and jobsite delivery. Crown Components operates a nine-acre facility in Tolleson, Arizona that services the Phoenix-Mesa-Scottsdale market.

U.S. LBM is the largest privately owned, full-line distributor of specialty building materials in the United States. Offering a comprehensive portfolio of specialty products, including windows, doors, millwork, wallboard, roofing, siding, engineered components and cabinetry, U.S. LBM combines the scale and operational advantages of a national platform with a local go-to-market strategy through its national network of locations across the country.

“The Coil Partners team proved valuable in helping us navigate the Company selling process and leading us from the LOI negotiation to the execution of the definitive agreements. They stayed fully connected through all stages of the deal, which was critical and comforting for first time sellers," said Jeff Oitzman, Co-Founder of Crown Components.

Advising the owners of Crown Components, Coil Partners was successful in structuring and negotiating the sale of the Company to the private equity-backed strategic buyer, U.S. LBM, which continues to build on its operating portfolio and expertise within the building materials industry.

COIL PARTNERS Announces Acquisition of Harbor Division by KC Piggyback Holdings

We are pleased to announce that KC Piggyback Holdings ("KCP") has acquired the stock of our client Harbor Division ("the Company") located in Southern California. Coil Partners acted as financial advisor to Harbor Division for the transaction.

Founded in 1986, Harbor Division provides drayage services of ocean containers and intermodal equipment storage serving the Los Angeles market and regions in Southern California. The Company’s core competencies include the efficient navigation of the port gauntlet to expedite container delivery. Harbor Division complements it drayage operations with 27 acres of paved, secure storage space for intermodal equipment such as trucks, containers and chassis. The Company’s market leadership and customer loyalty stem from a reputation as “the hardest working guys in the harbor.”

KCP is a holding company formed by the private equity group Arc Industries, Inc. Through its operating companies located in Kansas City, MO and Northern California, KCP provides drayage trucking services for steamship lines, freight forwarders and other customers requiring transport of cargo.   

Advising the owner of Harbor Division, Coil Partners was successful in structuring and negotiating the sale of the Company to the private equity-backed strategic buyer, KCP, which continues to build on its operating portfolio and expertise within trucking services.

COIL PARTNERS Announces Acquisition of Lisi Medical Jeropa by ARCH Global Precision

We are pleased to announce that ARCH Global Precision ("ARCH”) acquired our client LISI Medical Jeropa ("the Company") located in Escondido, California. Coil Partners acted as financial advisor to LISI Medical for the transaction.

A subsidiary of LISI Medical, the Company is a leading contract manufacturer of high-precision medical implants, instruments, and other devices serving a variety of segments in the orthopedic, dental, and cardiovascular markets. The newly acquired plant and operations will join ARCH Medical Solutions, bolstering ARCH as a diversified supplier noted for growth and scale within the medical device market.

“LISI Medical Jeropa broadens the portfolio of products and end markets served by ARCH Medical Solutions,” said Paul Barck, president of ARCH Medical Solutions. “We are excited about this new location, which becomes ARCH Medical Solutions – Escondido, and the capable team that will be joining AMS. The added capabilities in micro-machining, tight-tolerance instrument assemblies, and operations that span prototype to production scale dovetail nicely with our growing customer base and medical device contract manufacturing service offerings.”

Advising the LISI Medical executive team and the leadership at Jeropa, Coil Partners was successful in running a M&A process that led to structuring and negotiating the sale of the Company to strategic buyer ARCH, a private equity-backed consolidated contract manufacturer delivering engineering expertise and precision-machining technologies to serve the medical, aerospace and defense, and industrial markets.

COIL PARTNERS Announces Acquisition of ISLAND TRUSS by CANWEL

We are pleased to announce that CanWel Building Materials Group Ltd. (“CanWel”) has acquired our client Island Truss (the “Company”), through its Honsador Group of Companies. Coil Partners acted as financial advisor for the transaction.

Established in 1995, privately owned Island Truss has been Kauai’s only on-island truss manufacturing plant, providing the entire island with a great assortment of truss designs and products. With a reputation of distinction, Island Truss services many of Kauai’s top hotels, resorts, homes and schools.

“Island Truss is a very reputable and well-respected brand on Kauai and in surrounding markets, and we are very pleased to be able to further solidify and expand our presence in the Hawaiian market with this acquisition,” said Amar Doman, Chairman and CEO of CanWel.

Advising the owner of Island Truss, Coil Partners was successful in structuring and negotiating the sale of the Company to strategic buyer, Canwel, a fully integrated national distributor of building materials with annual revenues of $1.3 billion. CanWel operates multiple treating plant and planning facilities in Canada, the United States, and in 14 locations across the State of Hawaii through its wholly owned Honsador Building Products Group. continues to strengthen its balance sheet to support its organic growth and acquisition initiatives.

COIL PARTNERS Announces $40 Million Debt Financing for Trend Offset Printing

We are pleased to announce the $40 million senior debt financing for our client, Trend Offset Printing. Coil Partners acted as financial advisor for the transaction.

Established in 1955, Trend Offset Printing (the "Company") is a leading fully integrated commercial and retail printer specializing in offset and digital print services. Through its eight locations, Trend services clients' print media needs including magazines, catalogs, direct mail, and retail inserts on both a national and local level.

Advising the owners and Trend management, Coil was successful in positioning the Company and its integration plan to commercial lenders pursuant to Trend's recent acquisition of LSC's retail offset printing facilities. The completion of this debt financing provided by Bank of America represents an important milestone for both the Company and its management team, as the Company continues to strengthen its balance sheet to support its organic growth and acquisition initiatives.

COIL PARTNERS Announces Majority Recapitalization of Reliant Account Management

We are pleased to announce a majority recapitalization for our client, Reliant Account Management, by Westshore Capital Partners. Coil acted as exclusive financial advisor to Reliant Account Management.

Founded in 2009, Reliant Account Management ("RAM" or the "Company") is a specialized independent third-party payment processor and trust accounting company. Utilizing a best-in-class software platform that seamlessly integrates into multiple counterparty management information systems, RAM is rapidly growing into the industry leader and gaining market share as the payment processor of choice for consumers and debt resolution companies.

"The Coil team proved to be uniquely invaluable in navigating us through all stages of the transaction," said Greg Winters, President of RAM. "We now understand the importance of retaining an investment banking team that has the depth of knowledge and capabilities in managing both the transactional and the relational elements of bringing on institutional capital partners."

Advising the owners and RAM management, Coil was successful in sourcing the Company's first institutional capital partner with Westshore Capital Partners, a leading private equity firm focused on small-to-midsized growth companies. The completion of this majority recapitalization, which included debt financing from Capitala Group, represents a significant milestone for both the Company and its management team and positions RAM to aggressively pursue its growth objectives.

90 transactions from COIL PARTNERS principals representing over $3.75 billion in value delivered to clients and shareholders

Current Client Engagements Include:

• Location Based Entertainment/Casual Dining Restaurant Company

• C&D Waste Processing Company

• Video Centric Creative Agency Company

• Value Added Distributor of Rubber Based Compounds and Polymers

(Click on image above to enlarge/view pdf.)

Coil Partners Announces Callaway Golf Company Acquisition of TravisMathew, LLC

We are pleased to announce the acquisition of our client, TravisMathew, LLC, by Callaway Golf Company for $125.5 million in an all cash transaction. Coil Partners acted as financial advisor to TravisMathew.

Founded in 2007, TravisMathew is an iconic men's sportswear brand with premium domestic distribution in better department stores, high-end country clubs, resorts and TravisMathew's experiential retail stores. TravisMathew draws its inspiration from all aspects of Southern California culture and lifestyle. With a focus on constant innovation and extraordinary quality, TravisMathew designs and sells premium men's apparel for work and play. "TravisMathew is throwing a party, and you're invited."

Callaway Golf Company creates products designed to make every golfer a better golfer. Callaway Golf Company manufactures and sells golf clubs and golf balls, and sells bags, accessories and apparel in the golf and lifestyle categories, under the Callaway Golf, Odyssey and OGIO brands worldwide.

Coil Partners Announces Growth Equity Investment for Insight Genetics, Inc. and Corporate Sale of Monk Development

Coil Partners is pleased to announce the successful completion of two financial advisory engagements, Insight Genetics, Inc. and Monk Development.

Headquartered in Nashville, TN, Insight Genetics is a full service precision healthcare company offering a combination of cancer diagnostic products and patient treatment services designed to assist oncologists and clinicians in identifying the specific genetic drivers for a patient's tumor and selecting best treatments, including monitoring patients for drug effectiveness. Coil, in alliance with The Bethesda Group, was retained to assist in structuring and negotiating a convertible note investment on behalf of an investor group.

Monk Development, Inc., headquartered in San Diego, CA, is a SaaS based technology solutions provider for churches and ministries looking to leverage technology to grow and build their ministry. Monk's web and content management solutions help churches do ministry online with applications such as community networking and online giving. Optivest IB was retained by the Company to advise the three founders related to strategic options, which ultimately led to a corporate sale to Ministry Brands.

These transactions exemplify Coil's commitment to developing customized client solutions. Whether our engagements are transaction based such as capital formation and mergers & acquisitions or advisory based such as strategic and financial advisory, our team is experienced and capable in helping define our client's needs and executing results.

Coil Partners Announces Growth Equity Financing for CVE Technology Group, Inc.

Coil Partners is pleased to announce the successful completion of a growth equity financing for its client, CVE Technology Group, Inc. ("CVE"). Acting as the Company's exclusive financial advisor, Coil was responsible for structuring, negotiating and closing the transaction.

Headquartered in Allen, Texas, CVE is an industry leading high volume provider of carriergrade repair and refurbishment solutions for smartphones and mobile devices for industry leading OEMs, wireless carriers, major retailers and resellers. CVE specializes in the repair and refurbishment of both Android and Apple smartphones for in and out of warranty repair and exchange programs, customer insurance and extended warranty claims.

Leveraging its proprietary manufacturing capabilities along with favorable industry trends, CVE has rapidly expanded its customer base, unit volumes and earnings growth and in turn, its need for growth capital.

Advising both senior management and the Company's founder and owner, Coil was successful in sourcing CVE's first institutional capital raise with Bison Capital, an industry leading private equity firm focused on minority investments in middle-market companies. The completion of this financing along with capital from its commercial lender represents a significant milestone for the Company and its senior management team and positions CVE to further pursue its expansion and sales growth objectives.

Coil Partners Announces Corporate Sale of FEX DMS to DealerSocket

Coil Partners is pleased to announce the sale of its client, Finance Express, LLC, (aka FEX DMS) to DealerSocket, an industry leading provider of business and CRM software solutions for automotive dealerships world-wide. Acting as FEX DMS' exclusive strategic and financial advisor, Coil was responsible for structuring, negotiating and closing the transaction.

Established in 2001, FEX DMS is the first and only fully integrated web-based automotive dealer management system (DMS) that includes an integrated loan-servicing platform designed exclusively for the independent car dealer market. Positioned to become the de facto industry standard business portal, FEX DMS' SaaS delivered DMS is a best-in-class end-to-end technology solution that seamlessly supports all critical dealer functions related to inventory management, loan servicing and portfolio management for "buy here pay here" dealer models, and customer-to-lender approval and electronic payment processes.

Advising both the Company's owners and senior management, Coil successfully negotiated a transaction through a parallel marketing process that included select institutional investors and strategic buyers. The completion of this transaction represents a significant milestone for both the Company and its senior management team. "We are pleased with the opportunities to more aggressively promote and distribute our best-of-industry dealer management software as part of DealerSocket," said David Huber, President and CEO of Finance Express. "Coil played a valuable role in negotiating and structuring the transaction while advising me and our team through the process." For more information about our client, visit www.fexdms.com.

Coil Partners Announces TS Restaurants Valuation Analysis and Financial Advisory Services

We are pleased to announce the successful completion of our valuation analysis and financial advisory services for the largest minority shareholder group of TS Restaurants.

TS Restaurants is comprised of 13 upscale-casual waterfront restaurants located in Hawaii and California and operate under the concept names of Duke's, Duke's Beach House, Hula Grill, Kimo's, Leilani's on the Beach, Keoki's Paradise, Jake's Del Mar, Sunnyside Restaurant and Lodge, and Sandy's Beach Grill. The TS Restaurant Companies' focus and key to their success is in their people with the spirit of Aloha.

Advising the family of the Company's late cofounder, Coil completed a valuation of TS Restaurants and related entities. The valuation and our advisory services supported the process leading to the buyout of the minority ownership interests among the family. Patty Thibaut, wife of the late co-founder Rob Thibaut, stated, "the family is really excited to move forward with the new plan. Having my children take over my shares has always been my dream. Now that they are back in the TS future, I believe everyone will benefit." The completion of this transaction represents another milestone for Coil Partners as we continue to deliver transaction based advisory services that address a range of corporate finance options including growth financings, recapitalizations, mergers & acquisitions, valuations, financial advisory and independent sponsored buyouts.

Coil Partners Announces Corporate Sale of Enerliance

Coil Partners is pleased to announce the acquisition of our client, ENERLIANCE, INC., by YARDI SYSTEMS. Acting as the Company's exclusive strategic and financial advisor, Coil was responsible for structuring, negotiating and closing the transaction.

Founded in 2005 and headquartered in Irvine, CA, ENERLIANCE is the developer of LOBOS, an intelligent HVAC optimization software solution that is revolutionizing the way comfort systems in large commercial facilities consume energy and participate in automated demand response. As the only fully integrated software solution on the market, the Company's solution improves tenant comfort as it optimizes both the air handling system and chiller plant to deliver energy efficiency (EE), automated demand response (Auto-DR) and fault detection & diagnostics (FDD).

Enerliance has earned numerous industry accolades, including being named to CIO Magazine's prestigious list of the 20 most promising utilities solutions providers for 2013. 

Advising both the Company's owners and senior management, Coil successfully negotiated a transaction that benefited from a parallel marketing process that included both institutional investors and strategic buyers. The completion of this transaction represents a significant milestone for the Company and its senior management team as they partner with Yardi Systems to scale the LOBOS platform. For more information, visit
www.enerliance.com.

Coil Partners Announces Alive Brands Acquisition of Earthbar

We are pleased to announce the acquisition of Earthbar, Inc, a specialty foods and nutritional juice bar, by our client Alive Brands, a consumer-focused private investment firm. Coil acted as the exclusive financial advisor to Alive Brands and was responsible for successfully structuring, negotiating and closing the transaction.

Earthbar was founded in 2007 by Bernie Bubman, a leading innovator in nutrition, pharmacy and health foods. Earthbar develops and delivers healthy living solutions in the form of superfood smoothies, organic cold-pressed juices, nutritional supplements, prepared food and healthy snacks. Earthbar currently operates in 13 locations throughout Los Angeles, including 10 Equinox health clubs. The Principals of Optivest and Alive Brands partnered together to structure and negotiate the acquisition of Earthbar with a plan to collaborate with Earthbar's management group to further develop the Earthbar healthy living solutions concept into a national and global brand with a large-scale retail footprint.

Alive Brands is a consumer retail-focused private equity firm founded by veteran Panda Group restaurant executive, Robert Lustig, along with Arturo Sneider, founder of Primestor Development and Ricardo Sneider, President of One World Apparel. Alive Brands seeks to leverage its domain and operating expertise by investing in and/or acquiring emerging restaurant, retail and food service brands that are not fully developed, yet represent compelling growth opportunities.