Prospect Partners' prior portfolio companies include the following holdings:
Representative Former Investments
Before coming together to form Prospect Partners in 1998, our founding principals already had substantial investment expertise and experience in the lower middle market. Their former investments include the following companies:
ARNOLD PALMER GOLF MANAGEMENT CO.
Orlando, Florida
Operator and manager of golf courses throughout U.S.
- Acquired in 1993 from Mr. Palmer and International Management
Group by the CEO, a group of individual investors, and an institutional
partner
- Sold in 1996 to a Hicks Muse Tate & Furst affiliate
- Mr. Kenter formerly served
the Company as a Director
COPPERFIELD CHIMNEY SUPPLY, INC.
Fairfield, Iowa
Dominant specialty catalog
supply company serving chimney sweep trade; warehouses in Bridgeport,
NJ, Cleveland, OH, Tulsa, OK and Livermore, CA.
- Acquired in 1990 from founder and now-CEO
- Add-on acquisitions include:
- 1992 FlueTech
- 1992 Westminster Chimney Supply, Ltd.
- 1995 Gelco, Inc.
- 1997 Lymance International Inc.
- Sold in 2000 to Harbour Group
- Mr. Glastris formerly served
the Company as Chairman
DEFLECTA-SHIELD CORPORATION
Indianola, Iowa
The leading manufacturer
of light duty and heavy-duty truck accessories, including bug deflectors,
running boards, tool boxes and lift kits.
- Acquired in 1990
- IPO Completed in 1994 (TRUX-NASDAQ)
- Sold in 1997 to Lund Industries
- Mr. Glastris formerly served
the Company as a Director
ELM PACKAGING COMPANY, L.P.
Memphis, Tennessee
Manufacturer of foam polystyrene packaging for foodservice and
consumer markets, including foam plates and carryout containers;
plants in Fullerton, CA., Troy, OH., and Memphis, TN.
- Acquired in 1993 by Donald C. McCann and principals of Kenter,
Glastris & Tuttle to purchase the former Fripp Fibre Corporation
from Hong Kong Shanghai Bank
- Sold in 1998 to Code Hennessy & Simmons
- Mr. Glastris formerly served
the Company as a Director
EQUESTRIAN PRODUCTS CORPORATION
Hazelton, Pennsylvania
Largest wholesale supplier of English-style riding equipment and
apparel in North America.
- Acquired in 1995 through consolidation of 3 equestrian suppliers
(Foxwood Manufacturing and Distributing Company of Olney, IL,
Eiser's, Inc. of Hazleton, PA, and Cavalier Equestrian Supply,
LTD. of Stratford, Ontario)
- Sold in 2000 to Miller Harness
- Mr. Glastris and Mr.
Kenter formerly served as Co-Chairmen of the Board
GEOSYSTEMS, INC.(d/b/a MapQuest.com)
Lancaster, Pennsylvania
Producer of custom cartography (maps) products and integrated business
systems based on proprietary software and cartographic database.
- Majority stake acquired in 1994 from R.R. Donnelley & Sons
Company by Mr. Kenter, management, and an institutional investor
- Leader in producing map-to-user interface systems for the travel
industry
- Became MapQuest.com
and sold to AOL in 1999
- Mr. Kenter formerly served
the Company as a Director
GOLFMARK L.P./ LRI GROUP
Plano, Texas
Acquires, develops and manages golf course properties in Texas
and western U.S.
- Formed in 1991 by Jeffrey M. Silverstein and principals of Kenter,
Glastris & Tuttle
- Sold in 1998 in a transaction involving Cobblestone Golf and
a REIT
- Mr. Glastris formerly served
the Company as a Director
JOHN BOOS & CO.,INC.
Effingham, Illinois
Manufacturer of butcher tops, cutting boards, and work tables for
consumers and commercial foodservice markets; separate, wholly-owned
subsidiary manufactures wood furniture for education market.
- Acquired in 1996 from a private holding company
- In 1997, the company acquired Diversified Woodcrafts, Inc. (Suring,
WI)
- Mr. Kenter serves the Company
as Chairman
KIFCO, INC.
Havana, Illinois
The leading manufacturer and marketer of reel irrigation equipment
in the United States serving agriculture, industrial, and professional
turf markets through an extensive dealer network.
- Acquired in 1998 from its founder in a leveraged recapitalization
- Sold to management in 2001
- Mr. Kenter serves the Company
as a Director
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