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WIT Postal Logistics, Inc.
$2,000,000 subordinated note with equity interests
WIT is a comprehensive postal logistics Company that provides products and services to companies with significant postal or delivery needs. ACF's investment was made in conjunction with a buyout led by a private equity sponsor.
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Stainless Foundry & Engineering, Inc.
$2,000,000 subordinated note with warrants
Stainless is a provider of sand and investment castings of stainless steel and other high alloy compositions used in the marine, military, agricultural, and energy industries. ACF's investment was made in conjunction with a buyout led by a private equity sponsor.
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Beverage House, Inc.
$3,000,000 subordinated note and $550,000 equity-co invest
Beverage House develops and produces liquid iced tea concentrate for the food service and retail markets. ACF's investment was made in conjunction with a buyout led by a private equity sponsor.
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LaCrosse Forage & Turf Seed, LLC
$3,000,000 subordinated note with equity interests
LaCrosse is engaged in the testing, selection and wholesale distribution of seeds. The Company markets its proprietary alfalfa and other forage products under the "Farm Science Genetics ® " brand, while its turf seed products are marketed under the "La Crosse" and "Palmer's Pride ® " labels. ACF's investment was made in conjunction with a buyout led by a private equity sponsor.
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Adco, Inc.
$3,750,000 subordinated note with warrants
Adco is a manufacturer of an extensive line of specialty cleaning chemicals (Dry Cleaning Detergents, Spotters, Softeners, Brighteners, etc.) generally used in commercial laundry and dry cleaning applications. ACF's investment was made in conjunction with an acquisition.
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Gold Standard Baking, Inc.
$7,000,000 subordinated note with equity interests
Gold Standard is a manufacturer and marketer of fresh and frozen premium baked goods (croissants & danishes) that primarily sell to foodservice customers. ACF's investment was made in conjunction with a buyout led by a private equity sponsor.
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Koontz-Wagner Electric Company, Inc.
$5,250,000 subordinated note and $800,000 equity co-invest
Koontz-Wagner is a diversified electrical company engaged in fabricating packaged control rooms and electrical panels for power generation applications and gas pipelines; repairing industrial-size electric and mechanical motors for institutional customers; manufacturing fluid control products for the aerospace and medical device industries; and providing electrical construction and maintenance services to industrial and commercial clients. ACF's investment was made in conjunction with a buyout led by a private equity sponsor.
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MVD Communications, LLC
$3,000,000 subordinated note with warrants
MVD is a national telecommunications company providing full-service solutions to small, mid-size and large businesses, including business telephone/voicemail systems; new voice mail systems for existing telephone systems; voice over IP telephone/data systems; telephone system software; computer networking software; hardware to connect computer networks to internal/external business applications; and add-on accessories for all telephone systems and technical support. ACF's investment financed the Company's recapitalization.
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Seeds 2000, Inc.
$1,500,000 subordinated note with warrants
Seeds 2000 is a privately held company specializing in the research and development of sunflower hybrids and direct marketing of sunflower, corn and soybean varieties primarily in Minnesota, North and South Dakota and sunflower hybrids in Canada. In addition, the Company is developing markets for its sunflower products in Argentina, China, Turkey, and Eastern Europe.
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Arens Control Company, LLC
$5,000,000 subordinated note with warrants
Arens Controls is a world leader in the development of precision operator interface control systems as well as power management products and systems for commercial vehicles. Arens' focus is on the rapidly developing hybrid vehicle market where they have proven to be a leader in creating innovative solutions and next generation technology.
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Lanair Products, LLC
$4,750,000 subordinated note
$1,750,000 equity investment
Lanair is a manufacturer of waste oil fired heaters and boilers. The Company was founded in 1976 and pioneered the current technology for the burning of waste motor oil for use in heaters. It is currently the second largest manufacturer of these heaters in North America.
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PECM, LLC
$4,000,000 subordinated note
$1,000,000 equity investment
PEC is a prestressed/precast concrete manufacturer of structural products for the infrastructure market - primarily highway, railway and waterway bridge beams and sound-walls in Illinois. In the northern half of the state, they are the recognized #1 supplier.
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