Media
A Clean Slate - Interview with Keith Favre, November 1, 2007
Forgive Keith Favre if he's experiencing deja vu. As soon as previous employer Speedline Technologies was sold by its private equity owners, he joined another private equity-backed venture: stencil maker Photo Stencil.
Genesee Group Acquired by Kachi Partners, August 28, 2007
Kachi Partners, a private equity firm in Boulder, Colorado announced today that it has acquired Genesee Group, a precision metal stamping and fabricating company with operations in Tennessee and Texas, in a leveraged buy-out transaction.
Kachi Partners, a private equity firm in Boulder, Colorado announced today that it has acquired Genesee Group, a precision metal stamping and fabricating company with operations in Tennessee and Texas, in a leveraged buy-out transaction. The acquisition was financed with debt from Citibank in Dallas, and Adler & Company, a boutique investment banking firm specializing in “lower middle-market” companies, advised Kachi Partners.
“This transaction represents an important step in Genesee’s long-term strategy, which will ultimately include expanding our high quality capabilities to new customers and segments. We look forward to working with Kachi to grow Genesee’s business” said Dan Fergus, President of Genesee.
“Genesee is an extremely well managed company with a solid management team, excellent operational processes and long-standing customer relationships” added John Helson, a managing director at Kachi Partners. “Kachi specializes in helping junior middle market manufacturing and distribution companies achieve their full potential, so this relationship is a great fit.”
About Genesee Group
Genesee specializes in stamping and fabricating light to medium gauge precision metal components for customers in the new domestic automotive, aerospace, communications and exercise segments. Genesee can dependably meet customer requirements for assemblies and fabricated or stamped metal components in prototypes, fabrications, short run, medium volume, or mass production quantities, making Genesee an ideal supplier for today’s demanding and quality oriented OEM’s. For more information, visit www.geneseegroup.com.
About Kachi Partners
Kachi Partners is a private equity firm providing equity capital to leading junior middle market companies, usually in connection with the acquisition of the company. Kachi invests West of the Mississippi River, with an emphasis on companies located in the Rocky Mountain Region. Kachi seeks to invest in profitable well-run companies with superior management teams. We seek out companies with a leadership position in stable niche markets or some competitive advantage in growth industries. For more information visit www.kachipartners.com.
Interview With Photo Stencil CEO, Keith Favre, August 23, 2007
We caught up with newly minted Photo Stencil CEO, Keith Favre to talk about his move to Photo Stencil and what he sees as challenges and opportunities for his new company going forward.
Photo Stencil Names New President and CEO, August 20, 2007
Effective immediately, Photo Stencil has named Keith Favre as president and CEO. Favre will assume full stewardship for the company, which was recently acquired by Kachi Partners.
Photo Stencil Acquired by Kachi Partners, June 26, 2007
Kachi Partners, a private equity firm in Boulder, Colorado announced today that it has acquired Photo Stencil, a manufacturer of stencils and precision tooling used in the printed circuit board assembly process, in a leveraged buy-out transaction.
Kachi Partners, a private equity firm in Boulder, Colorado announced today that it has acquired Photo Stencil, a manufacturer of stencils and precision tooling used in the printed circuit board assembly process, in a leveraged buy-out transaction. The acquisition was financed with debt from Fifth Third Bank in Denver, and Mirus Capital Advisors, a middle-market investment bank based in Massachusetts that advised Photo Stencil.
“This transaction represents an important step in Photo Stencil’s long-term growth strategy, which will ultimately include the introduction of new products and services, and geographic expansion that will help us to better serve our customers worldwide” said Bill Moerbe, President of Photo Stencil.
“Photo Stencil is an extremely well managed company with a highly scalable business model. Its comprehensive services and cutting edge technology will support organic and strategic growth,” added Eric Weissmann, a managing director at Kachi Partners.
Based in Colorado Springs and with operations in Mexico and Malaysia, Photo Stencil’s extensive line of precision tooling includes electroformed, laser-cut and chemically etched stencils, as well as screens and templates for the manufacturing, assembly and inspection of PCBs. Significant and on-going R&D efforts have made the Company a technology leader in the market for over 20 years, and the Company holds six key patents.
About Photo Stencil
Founded in 1979, Photo Stencil is a world-class manufacturer of PCB assembly and inspection tools. The Company differentiates itself with high performance products, consistent technology leadership, award winning quality, and best-in-class technical support for its customers. The company’s products serve multiple industries such as computers, hand-held devices, set-top boxes, medical devices and telecommunications equipment. Photo Stencil is an ISO 9001:2000 certified manufacturing and design company employing over 100 people worldwide. For more information visit www.photostencil.com.
About Kachi Partners
Kachi Partners is a private equity firm providing equity capital to leading middle market companies, usually in connection with the acquisition of the company. Kachi invests West of the Mississippi River, with an emphasis on companies located in the Rocky Mountain Region. Kachi seeks to invest in profitable well-run companies with superior management teams. We seek out companies with a leadership position in stable niche markets or some competitive advantage in growth industries.
For more information visit www.kachipartners.com.
Chase Lumber to Acquire Premium Door and Trim Company, May 12, 2006
Chase Lumber Company of Aurora, a leading regional building materials distributor and truss manufacturer, announced today its plan to acquire Platte Valley Lumber (PVL) of Ft. Collins, one of the nation’s premier manufacturers of high-end architectural solid wood doors, trim and moulding.
Chase Lumber Company of Aurora, a leading regional building materials distributor and truss manufacturer, announced today its plan to acquire Platte Valley Lumber (PVL) of Ft. Collins, one of the nations’ premier manufacturers of high-end architectural solid wood doors, trim and moulding.
Chase Lumber, an affiliate of LBM Holdings, was founded in 1948 and is led by CEO Jim Adams. “We are thrilled to be partnering with Platte Valley Lumber to provide our customers with a more comprehensive array of products and service excellence,” said CEO Adams. “PVL products are of exceptional quality, and provide our customers with the added products and capabilities, enabling us to meet and exceed their expectations.”
Platte Valley Lumber, founded by Keith Gressman in 1981, will continue to grow using its innovative approach to high-end architectural millwork products and doors. “We are very excited about the future of our business and its alliance with Chase and LBM Holdings,” said Platte Valley’s Shari Murdock. “We will now have the capital and human resources we need to bring our business and customer service to the next level, while continuing to produce the great products we developed and have delivered over the last 25 years.”
Platte Valley Lumber will continue to operate out of its new state-of-the-art manufacturing facility in Ft. Collins, and retain its name and brand. No Chase or Platte Valley personnel changes are expected with the acquisition and additional hiring is expected later in the year due to planned sales growth. For further information please contact Chase Lumber’s Jim Adams, (303) 363-1010 ext 110.