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Windjammer Capital Investors has been awarded "Middle Market Firm of the Year: North America" in two consecutive years, 2011 and 2012, by DealMakers Monthly magazine.

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Nov, 2015 - Windjammer Awarded Deal of the Year by M&A Advisor


Windjammer Capital Investors is pleased to announce that the sale of Protective Industries, Inc. (“Caplugs” or the “Company”) was awarded “Industrial Goods and Basic Resources Deal of the Year (over $100 million)” at the 14th Annual M&A Advisor Awards.  In April of 2015, Windjammer announced the successful exit of its investment in Caplugs in a sale to Berwind Consolidated Holdings, Inc.  Houlihan Lokey acted as Caplugs’ financial advisor, and Choate Hall & Stewart LLP provided legal counsel.

 

The 14th Annual M&A Advisor Awards Gala gave recognition to the transactions, firms and individuals that represented the highest levels of achievement and set the standard for the M&A industry. Over 280 nominees, representing over 690 companies, became finalists for the awards.  A panel consisting of 25 top M&A industry experts determined the recipients of the awards.

 

In May of 2011, Windjammer partnered with management and certain other investors to acquire Caplugs.  During the firm’s ownership period, revenues and EBITDA more than doubled. With the strong support of Windjammer, the Company achieved these financial results through a number of initiatives both organic and M&A related. 

 

Through Windjammer’s disciplined M&A approach the firm was able to augment the Caplugs’ business through four acquisitions which increased the Company’s product breadth, geographic reach and positioned the Company to take share in high growth markets. This M&A plan was complemented by a series of organic market initiatives that added significant earnings momentum as well, such as the implementation of a New Product Development program, a reorganization of the sales and marketing functions, and the construction of a purpose built Chinese manufacturing facility.

 

The M&A Advisor award represents the second “Deal of the Year” award Windjammer has received in less than 18 months.  In June of 2014, the firm was awarded “Manufacturing Deal of the Year (over $75 million)” at the 4th Annual ACG New York Champion’s Awards shortly after exiting its investment in Maxcess International, a manufacturer of highly engineered, mission critical components used in web process manufacturing applications.
 

About Caplugs: Founded in 1948, with headquarters in Buffalo, NY, Caplugs is a leading manufacturer of plastic protection products. The Company’s low-cost-to-value, highly engineered products include a wide range of molded and extruded caps, plugs, masking, and other application specific solutions that are critical for protecting customers’ higher cost components and finished goods. The Company serves its diverse, global customer base from facilities in North America and China. Caplugs’ products are primarily consumed in use during customers’ manufacturing processes or while transporting and/or storing products, creating a highly recurring revenue base. Visit www.caplugs.com for more information.

 

About Windjammer: Windjammer Capital Investors, with offices in Newport Beach, California and Waltham, Massachusetts, is a private investment firm that makes control and non-control investments in leading middle market businesses in partnership with management.  Founded in 1990, Windjammer's institutional funds total roughly $2.0 billion of committed capital. Since its formation, Windjammer has invested nearly $1.4 billion in over 50 companies across a broad range of industries.  Windjammer is currently investing out of its $726 million Windjammer Senior Equity Fund IV which closed in 2013.  More information on Windjammer can be found at www.windjammercapital.com.

"We were very fortunate to have Windjammer as our partner. Their expertise in working with niche-oriented, leading companies in the middle market, as well as their strategic guidance and resources were valuable to us as we expanded the business."



Dale Schulz, CEO
ST Specialty Foods