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Invest, Build and Hold A trusted partner in private equity investing
Overview <ul><li>Objective : With an “invest, build and hold” strategy, PS Capital Partners seeks investments in manufactu...
Investment Criteria <ul><li>Transaction size- $5 to $30 million </li></ul><ul><li>Annual revenue- $10 to $50 million </li>...
Investment Considerations <ul><li>Management Friendly   </li></ul><ul><ul><li>Patient capital gives time to execute long-t...
Investment Capabilities “ Invest, Build and Hold” PS Capital Partners, LLC
Portfolio Companies <ul><li>Superior Health Linens, LLC   (Cudahy, Wisconsin) </li></ul><ul><ul><ul><li>Buyout of entrepre...
Portfolio Companies <ul><li>Sharp Packaging Systems, LLC   (Sussex, Wisconsin) </li></ul><ul><ul><ul><li>Buyout of entrepr...
Portfolio Companies (Continued) <ul><li>Waukesha Tool & Stamping, LLC (Sussex, Wisconsin) </li></ul><ul><ul><ul><li>Buyout...
Portfolio Companies (Continued) <ul><li>Milwaukee Sign Company, LLC ( Grafton, Wisconsin) </li></ul><ul><ul><ul><li>Recapi...
Acquisition Experience As partners, Sweeney and Stewart participated in the completion of 18 platform investments and 12 a...
Biography: Paul Stewart <ul><li>Past Experience :  For over the past twenty years, Paul has developed significant experien...
Biography: Paul Sweeney <ul><li>Past Experience :  Over the past twenty years, Paul has developed significant experience i...
Contact Us  We welcome a phone call or email.  Please contact us with any questions, comments or opportunities. Paul Stewa...
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Biography: Paul Stewart

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  1. 1. Invest, Build and Hold A trusted partner in private equity investing
  2. 2. Overview <ul><li>Objective : With an “invest, build and hold” strategy, PS Capital Partners seeks investments in manufacturing and processing businesses in the Upper Midwest with revenues of $10 to $50 million. </li></ul><ul><li>Concept : After over a decade as partners, Paul Stewart and Paul Sweeney formed PS Capital in 2001 with the belief that this segment of the market was generally underserved by private equity investors who instead were focusing on larger acquisitions of quickly scalable businesses. The concept was that this market segment could benefit greatly from a longer-term approach to private equity investing. </li></ul><ul><li>Strength : The critical combination of access to patient capital through their loyal investor network and a long-term outlook, allows PS Capital Partners to invest in and help build middle market businesses without the pressure of a predetermined timeframe for exiting. Also, Mr. Stewart and Mr. Sweeney strongly believe in aligning their interest with management through performance-based compensation and equity. Win, win, win is at the heart of the firm's investment philosophy where the investors, management teams and sellers accomplish their objectives. </li></ul><ul><li>Experience : Both Mr. Sweeney and Mr. Stewart are seasoned private equity investment professionals who possess over forty years combined experience. They have been partners in private equity investing since 1990, and possess diversified backgrounds and experiences that enable them to actively source, quickly assess, reach mutually acceptable terms and close investments. </li></ul>“ Invest, Build and Hold” PS Capital Partners, LLC
  3. 3. Investment Criteria <ul><li>Transaction size- $5 to $30 million </li></ul><ul><li>Annual revenue- $10 to $50 million </li></ul><ul><li>Profitable- Cash flow margin 10% or greater </li></ul><ul><li>Type- Manufacturing oriented businesses </li></ul><ul><li>Target Industries- Opportunistic, but prefer food processing, OEM equipment, consumer products, packaging </li></ul><ul><li>Location- Upper Midwest </li></ul><ul><li>Preferences: </li></ul><ul><ul><li>Structure: </li></ul></ul><ul><ul><ul><li>Majority or minority ownership </li></ul></ul></ul><ul><ul><ul><li>Management co-investment with equity incentives </li></ul></ul></ul><ul><ul><li>Transaction types: </li></ul></ul><ul><ul><ul><li>Buyout or recapitalization of entrepreneur led business </li></ul></ul></ul><ul><ul><ul><li>Divestiture of subsidiary or division from parent company </li></ul></ul></ul><ul><ul><ul><li>Growth capital investment </li></ul></ul></ul><ul><ul><ul><li>Sale of family-owned business </li></ul></ul></ul>“ Invest, Build and Hold” PS Capital Partners, LLC
  4. 4. Investment Considerations <ul><li>Management Friendly </li></ul><ul><ul><li>Patient capital gives time to execute long-term growth strategies. </li></ul></ul><ul><ul><li>Partners with extensive experience in corporate development and capital markets. </li></ul></ul><ul><ul><li>Equity investment and incentives for management are highly encouraged. </li></ul></ul><ul><ul><li>Retention of operational control by the management team. </li></ul></ul><ul><li>Seller/Owner Friendly </li></ul><ul><ul><li>Ensure long-term viability of business. </li></ul></ul><ul><ul><li>Understanding and willingness to address critical seller/owner deal points. </li></ul></ul><ul><ul><li>Emphasis on sustained profitable growth over long-term. </li></ul></ul><ul><ul><li>Experienced in working through complex transaction issues to avoid “deal killers”. </li></ul></ul><ul><ul><li>Established track record of follow through, honoring commitments, and closing deals. </li></ul></ul><ul><li>Investor Friendly </li></ul><ul><ul><li>No blind fund- investors develop unique portfolio of private company investments. </li></ul></ul><ul><ul><li>Lower minimum equity capital requirement provides greater access to individual investors. </li></ul></ul><ul><ul><li>Investments are professionally managed by experienced principals. </li></ul></ul><ul><ul><li>Direct access to private equity investment opportunities. </li></ul></ul><ul><ul><li>Elimination of upfront legal funding commitments and ongoing money management fees. </li></ul></ul>“ Invest, Build and Hold” PS Capital Partners, LLC
  5. 5. Investment Capabilities “ Invest, Build and Hold” PS Capital Partners, LLC
  6. 6. Portfolio Companies <ul><li>Superior Health Linens, LLC (Cudahy, Wisconsin) </li></ul><ul><ul><ul><li>Buyout of entrepreneur led business, December 2007 </li></ul></ul></ul><ul><ul><ul><li>Provides textile rental and maintenance for the healthcare marketplace. </li></ul></ul></ul><ul><ul><ul><li>Utilizes the latest laundry technology and system controls for rapid turnaround and delivery of linens and other textiles. </li></ul></ul></ul><ul><ul><ul><li>Website: http://www.superiorhealthlinens.com </li></ul></ul></ul><ul><li>Cardinal Packaging Products, LLC (Crystal Lake, Illinois) </li></ul><ul><ul><ul><li>Recapitalization of management-owned business, June 2007 </li></ul></ul></ul><ul><ul><ul><li>Distributes packaging products for industrial and retail customers. </li></ul></ul></ul><ul><ul><ul><li>Provides full, turn-key solutions including custom packaging design and development services. </li></ul></ul></ul><ul><ul><ul><li>Website: http://www.cardinalpkproducts.com </li></ul></ul></ul>“ Invest, Build and Hold” PS Capital Partners, LLC
  7. 7. Portfolio Companies <ul><li>Sharp Packaging Systems, LLC (Sussex, Wisconsin) </li></ul><ul><ul><ul><li>Buyout of entrepreneur led business, April 2006 </li></ul></ul></ul><ul><ul><ul><li>Manufactures packaging equipment for low-to-medium volume commercial/industrial applications. </li></ul></ul></ul><ul><ul><ul><li>Provides specialty consumable plastic pre-opened bags in continuous form. </li></ul></ul></ul><ul><ul><ul><li>Website: http://www.sharppackaging.com </li></ul></ul></ul><ul><li>Nekoosa Coated Products, LLC (Nekoosa, Wisconsin) </li></ul><ul><ul><ul><li>Buyout of division of publicly traded company, June 2005 </li></ul></ul></ul><ul><ul><ul><li>Manufactures carbonless paper products used by corporate in-house print production departments, commercial printers and independent forms producers. </li></ul></ul></ul><ul><ul><ul><li>Provides contract converting and packaging services. </li></ul></ul></ul><ul><ul><ul><li>Website: http://www.nekoosacoated.com </li></ul></ul></ul>“ Invest, Build and Hold” PS Capital Partners, LLC
  8. 8. Portfolio Companies (Continued) <ul><li>Waukesha Tool & Stamping, LLC (Sussex, Wisconsin) </li></ul><ul><ul><ul><li>Buyout of entrepreneur led business, March 2005 </li></ul></ul></ul><ul><ul><ul><li>Provides custom designed, high quality precision metal stamping dies and stamped metal products for the automotive, appliance, electrical, lawn and garden, and aerospace industries. </li></ul></ul></ul><ul><ul><ul><li>Website: http://www.waukeshastamping.com </li></ul></ul></ul><ul><li>Milwaukee Composites, Inc. (Oak Creek, Wisconsin) </li></ul><ul><ul><ul><li>Growth capital of entrepreneur led business, October 2004 </li></ul></ul></ul><ul><ul><ul><li>Designs and manufactures lightweight passenger car flooring used in the mass transit industry with applications in other niche markets utilizing a patented and proprietary phenolic composite material. </li></ul></ul></ul><ul><ul><ul><li>Website: http://www.milwaukeecomposites.com </li></ul></ul></ul>“ Invest, Build and Hold” PS Capital Partners, LLC
  9. 9. Portfolio Companies (Continued) <ul><li>Milwaukee Sign Company, LLC ( Grafton, Wisconsin) </li></ul><ul><ul><ul><li>Recapitalization of family business, April 2004 </li></ul></ul></ul><ul><ul><ul><li>Manufactures signage products including standard main ID signs, fascia systems, and automated LED and scrolling price change units. </li></ul></ul></ul><ul><ul><ul><li>Provides turn-key re-images and installation services to large multi-site retailers. </li></ul></ul></ul><ul><ul><ul><li>Website: http://www.milwaukeesign.com </li></ul></ul></ul><ul><ul><ul><li>Sold to strategic buyer, March 2005 </li></ul></ul></ul><ul><li>Midwest Stainless Process Systems, LLC ( Menomonie, Wisconsin) </li></ul><ul><ul><ul><li>Buyout of entrepreneur led business, June 2003 </li></ul></ul></ul><ul><ul><ul><li>Provides design and fabrication of specialty stainless steel products and systems for the food, dairy, beverage and biopharmaceutical industries. </li></ul></ul></ul><ul><ul><ul><li>Distributes spare parts and provides field installation, maintenance, and repair. </li></ul></ul></ul><ul><ul><ul><li>Website: http://www.midweststainless.com </li></ul></ul></ul><ul><ul><ul><li>Sold to industry experienced investor, February 2006 </li></ul></ul></ul>“ Invest, Build and Hold” PS Capital Partners, LLC
  10. 10. Acquisition Experience As partners, Sweeney and Stewart participated in the completion of 18 platform investments and 12 add-on acquisitions: <ul><li>Platform Investments </li></ul><ul><li>Gelber Industries (1991) </li></ul><ul><li>Surface Systems (1992) </li></ul><ul><li>Xymox Technologies (1993) </li></ul><ul><li>Orval Kent Food Company (1994) </li></ul><ul><li>Image Conversion Systems (1995) </li></ul><ul><li>Multiplex Display Fixture Company (1996) </li></ul><ul><li>Tubbs Snowshoe Company (1998) </li></ul><ul><li>Universal Blanchers (1999) </li></ul><ul><li>Lantor, Inc. (2001) </li></ul><ul><li>H&K Partners, LLC (2002) </li></ul><ul><li>Midwest Stainless Process Systems, LLC (2003) </li></ul><ul><li>Milwaukee Sign Company, LLC (2004) </li></ul><ul><li>Milwaukee Composites, Inc. (2004) </li></ul><ul><li>Waukeshau Tool & Stamping, Inc. (2005) </li></ul><ul><li>Nekoosa Coated Products, LLC (2005) </li></ul><ul><li>Sharp Packaging Systems, LLC (2006) </li></ul><ul><li>Cardinal Packaging Products, LLC (2007) </li></ul><ul><li>Superior Health Linens, LLC (2007) </li></ul><ul><li>Add-on Acquisitions </li></ul><ul><li>R.W. Fox (1994) </li></ul><ul><li>Byarly Foods (1994) </li></ul><ul><li>Weather Corp. (1995) </li></ul><ul><li>Atlas Snowshoe (1995) </li></ul><ul><li>Mrs. Crocketts (1996) </li></ul><ul><li>Paneltec (1998) </li></ul><ul><li>Silver Cloud (1999) </li></ul><ul><li>Display Products (1999) </li></ul><ul><li>Little Bear (2000) </li></ul><ul><li>Seabrook Ingredients (2000) </li></ul><ul><li>Nashua’s carbonless paper unit (2006) </li></ul><ul><li>Seal-Tec Packaging (2008) </li></ul>PS Capital Partners, LLC “ Invest, Build and Hold”
  11. 11. Biography: Paul Stewart <ul><li>Past Experience : For over the past twenty years, Paul has developed significant experience in a wide range of private equity investing from venture capital to leveraged buyouts and recapitalizations. Before forming PS Capital, Paul was one of three partners at Horizon Partners, Ltd, a middle market buyout firm, where he was involved in all aspects of its operation including investment decisions and portfolio management. Prior to joining Horizon in 1990, he was vice president in the venture capital subsidiary of Republic Bank, which was acquired by NationsBank (now Bank of America). His primary focus at Republic was the development and management of a diversified venture capital investment portfolio comprised of companies in the medical, computer, electronic, software, and telecommunications industries. </li></ul><ul><li>Education : Paul received his bachelor's of science degree in mechanical engineering from the State University of New York at Buffalo in 1982 and a master's degree of business administration, with a finance concentration summa cum laude from Texas A&M University in 1984. In addition, Paul completed the 13th Annual Venture Capital Institute Seminar in 1987. Currently, Paul serves as an Adjunct Professor for the University of Wisconsin Milwaukee teaching classes in Entrepreneurship and Venture Capital Finance. </li></ul><ul><li>Organizations : Paul currently serves on all the Boards of the PS Capital Partners portfolio companies including Milwaukee Composites, Waukesha Tool & Stamping, Nekoosa Coated Products, Sharp Packaging Systems, Cardinal Packaging Products and Superior Health Linens. Paul also serves on the Board of H&K Partners (a group of fifty quick service restaurants including KFC), Medical College of Wisconsin Office of Technology Development (advisory board), US Bank Wisconsin (advisory board) and the Association for Corporate Growth (past Chairman) and its Wisconsin Chapter, ACG WI (past President). </li></ul>“ Invest, Build and Hold” PS Capital Partners, LLC
  12. 12. Biography: Paul Sweeney <ul><li>Past Experience : Over the past twenty years, Paul has developed significant experience in a wide range of private equity investing from venture capital to leveraged buyouts and recapitalizations. Before forming PS Capital, Paul was a founding partner at Horizon Partners, Ltd, a middle market buyout firm, where he was involved in all aspects of its operation including investment decisions and portfolio management. Prior to forming Horizon in 1988, he worked for The Corporate Development Group of Arthur Young. </li></ul><ul><li>Education : Paul received his bachelor's of science degree in finance from Georgetown University's School of Business Administration in 1987. In addition, Paul completed the 16th Annual Venture Capital Institute Seminar in 1990. Currently, Paul is a member of the Association of Corporate Growth and serves as Chairman for Georgetown University's Alumni Interview Program in Wisconsin. </li></ul><ul><li>Organizations : Paul currently serves on the Boards of all of PS Capital Partners portfolio companies including Milwaukee Composites, Waukesha Tool & Stamping, Nekoosa Coated Products, Sharp Packaging Systems, Cardinal Packaging Products and Superior Health Linens. Paul also serves on the Board of H&K Partners (a group of fifty quick service restaurants including KFC), Trustway Homes (an upscale home builder in Southeastern Wisconsin), Community Bank and Trust (a privately owned bank headquartered in Sheboygan Wisconsin with approximately $500 million in assets), Milwaukee Athletic Club (former President), Metropolitan Milwaukee Association of Commerce, MMAC's Council of Small Business Executives (current Chairman), Skylight Opera Theatre, Children's Service Society of Wisconsin, Children’s Health Education Center, and the Center for Blind and Visually Impaired Children. </li></ul>“ Invest, Build and Hold” PS Capital Partners, LLC
  13. 13. Contact Us We welcome a phone call or email. Please contact us with any questions, comments or opportunities. Paul Stewart Direct: 414-831-1802 Cell: 414-617-1802 Email: [email_address] Paul Sweeney Direct: 414-831-1804 Cell: 414-331-1804 Email: [email_address] PS Capital Partners, LLC 205 E. Wisconsin Avenue Mezzanine - Suite 100 Milwaukee, WI 53202 p: 414.831.1801 f: 414.831.1803 Website: www.pscapitalpartners.com “ Invest, Build and Hold” PS Capital Partners, LLC
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