Victor Capital Partners Recapitalizes Tender Corporation

Victor Capital Partners Invests in CodeGreen Solutions

October 8, 2019

Environmental Services

Victor Capital Partners has made a minority growth investment in CodeGreen Solutions, a New York–based provider of energy management and sustainability services for commercial real estate. The capital will support CodeGreen’s geographic expansion, innovation in technology-enabled services (including its ProAct software), and pursuit of add-on acquisitions while management retains a significant ownership stake.

Tender Corporation Acquires RapidPure

October 22, 2019

Consumer Products

Tender Corporation, a Victor Capital Partners-backed outdoor consumer products platform, has acquired RapidPure, a maker of portable water purification systems using UltraCeram technology. The deal adds virus- and bacteria-removing purification products to Tender’s portfolio and expands RapidPure’s distribution into Tender’s outdoor specialty, mass market, and online channels.

Vestar Capital and Windhover Capital Recapitalize Titan Frozen Fruit

January 5, 2023

Food & Beverage

Vestar Capital Partners and Windhover Capital provided a recapitalization to Titan Frozen Fruit, a Santa Maria, California-based frozen berry processor and value-added ingredient provider, with management and existing shareholders retaining a significant stake. The investment will provide financial backing to support Titan’s growth, internal expansion projects, product diversification and potential add-on acquisitions.

Progress Equity Partners Leads Recapitalization of Hanson Lab Solutions

April 20, 2023

Building Products

Progress Equity Partners led a recapitalization of Hanson Lab Solutions, LLC with subordinated debt and equity provided by First Capital Partners and NewSpring Mezzanine, and debt support from Enterprise Bank & Trust. The capital package will support Hanson Labs — a Camarillo, California-based manufacturer and full-service supplier of laboratory casework, fume hoods and lab interiors — in its continued growth and geographic expansion, including recent entry into the Denver market.

Merit Capital Partners Recapitalizes Kemper Equipment, Inc.

March 22, 2024

Manufacturing

Merit Capital Partners has completed a recapitalization of Kemper Equipment, Inc., a Honey Brook, Pennsylvania-based provider of material handling and mineral processing equipment and system design services. The transaction brings a value-added private equity partner to support Kemper’s continued organic growth and pursue add-on acquisitions; Founders Advisors acted as financial advisor to the company.

Victor Capital Partners Acquires The Coats Company from Vontier

January 9, 2024

Automotive

Victor Capital Partners completed the acquisition of The Coats Company from Vontier Corporation in an all-cash divestiture that closed January 8, 2024 for $72.5 million. Coats, headquartered in La Vergne, Tennessee, is a 75-year-old manufacturer and distributor of wheel service, alignment, lift and inspection equipment with projected 2023 revenue of approximately $110 million and EBITDA of about $10 million; Victor Capital said it will invest to expand the product portfolio and national service offering.