Current Investments in Manufacturing/Other
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Capital Assurance Holdings, LLC, Prospect, KY, provides annuity products through its wholly owned subsidiary, Standard Life Insurance of Indiana, utilizing a nationwide network of independent agents. With nearly $2 billion in assets, Capital Assurance is committed to building Standard Life by offering safe, easy-to-understand, value-oriented long-term savings products. Northwood co-invested in this buyout in 2005. |
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EzGov Europe, Inc., Atlanta, GA, is a software company that enhances production and service through the delivery of e-government solutions. With FlexFoundation™, the company offers a proven, flexible, and secure software solution that enables the rapid automation of government business processes and delivers a substantial return on investment. Northwood invested in later stage financings in 2000 and 2003. www.ezgoveurope.com |
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Hygrade Metal Moulding Manufacturing Corporation, Bethlehem, PA, is a leading manufacturer of aluminum roll-formed products used as components in insulated glass window units. Northwood led the management buyout of Hygrade in 1992. Hygrade completed recapitalizations in 1995, 1999 and 2006 and also acquired Stalnaker-Elliott in 1998. www.hygrademetal.com |
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Interboro Insurance Company, Mineola, NY, is a personal lines property and casualty insurer offering automobile and homeowners insurance to residents of New York City, Long Island and the state of New York. The company provides insurance to consumers through over one hundred independent brokers. Northwood co-led the recapitalization of Interboro out of rehabilitation from the Liquidation Bureau of the New York State Insurance Department in 2007. |
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Michigan Seamless Tube, LLC, South Lyon, MI, is a highly specialized manufacturer of seamless mechanical and pressure steel tubing for demanding industrial applications. Michigan Seamless Tube's products are used in a variety of industries such as automotive, oil field, steam and power generation, chemical processing, and aerospace. Northwood led a growth financing for this leveraged, post-bankruptcy, company in 2004. Michigan Seamless Tube completed recapitalizations in 2005 and 2007. |
Realized Investments in Manufacturing/Other
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Advanced Technology Services, Inc., Peoria, IL, offers computer services, industrial parts services, manufacturing maintenance services, storeroom management services, and machinery and equipment sales. This unique combination of services allows for an integrated service solution to many large corporate customers throughout the United States, as well as to medium- and smaller- sized regional and local customers. Northwood invested in this buyout in 1997 and sold its position for cash in 1999. |
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Amplicon, Inc., Cold Spring Harbor, NY, is a biotechnology company specializing in the identification of cancer genes. Northwood invested in several rounds of equity financing, beginning in 1995. Amplicon was acquired in 1997 by Tularik, Inc. for stock. Tularik completed its initial public offering in December 1999, raising $97 million, and a secondary offering in April 2000, raising $71 million. Tularik was subsequently acquired by Amgen. www.amgen.com |
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Arcon Coating Mills, Inc., Oceanside, NY, is a leading producer of tapes and edge covering materials used to bind, reinforce, protect, and decorate office and school supply products, checkbooks, and hard- and soft- cover books. Arcon was acquired in a Northwood-sponsored leveraged buyout in 1994 and sold several years later for cash to FiberMark, Inc., a public company. www.fibermark.com |
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Argencard S.A., Buenos Aires, Argentina, is an electronic transaction processing company and a merchant network administrator. The company also holds the license of MasterCard International for issuing, processing and acquiring MasterCard cards both in Argentina and Uruguay. Through one of its subsidiaries, Posnet, S.A., the company also operates the largest POS devices network of Argentina, which captures credit card and other types of transactions. We participated in the leveraged recapitalization of Argencard in 1995 and sold our position for cash in 2006 to First Data Corporation. www.argencard.com |
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Capital IQ, Inc., New York, NY, enables lending financial and advisory professionals to efficiently make more intelligent business decisions. The company's products integrate public and private market information with software applications for research, analysis, idea generation, workflow management, and relationship development. Northwood invested in an early round of financing in 2000 and made a follow-on investment in 2002. The company was sold in 2004 to Standard & Poor’s, a division of the McGraw-Hill Companies, for cash. www.capitaliq.com |
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Cell Pathways, Inc., Horsham, PA, develops and commercializes drugs for the prevention and treatment of cancer. The company has several compounds in various stages of clinical trials. Cell Pathways has research aimed at colon cancer, breast cancer, prostate cancer, and other areas. Northwood led the company's first two rounds of financing beginning in 1990 and participated in a number of subsequent rounds of financing. Cell Pathways became a publicly traded company in 1998. In 2003, Cell Pathways was acquired by OSI Pharmaceuticals, Inc. for stock, and Northwood liquidated its position through open market sales. www.osip.com |
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Cincinnati Coca-Cola Bottling, Inc., Cincinnati, OH, primarily bottles and distributes Coca-Cola and its allied products in the greater Cincinnati and Dayton areas. In 1984, Northwood participated in a leveraged buyout of the company from its previous owners. The company was sold a few years later for cash to an entity that is now part of Coca-Cola Enterprises, Inc. www.cokecce.com |
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Conair Group, Inc., Pittsburgh, PA, is a leading supplier and integrator of plastics processing systems, including granulators, silos and pelletizers. Conair's "Power of One" strategy has positioned the company as a single integrated organization providing service for all Conair product lines. Northwood participated in the management buyout of Conair in 1986. Our position was repurchased by the company in 2000. www.conairnet.com |
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Flohr Metal Fabricators, Inc., Seattle, WA was purchased in a 1988 management buyout. Northwood, together with a new CEO, purchased the company from its founding family. Flohr supplies custom-fabricated metal parts and systems to industrial customers and is also a leading manufacturer and installer of seafood processing equipment for offshore fishing vessels. Northwood's equity position was repurchased by the company in 1991. |
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J-U Rig 200 Partnership 1993, L.P., Dallas, TX, was formed to acquire a group of jack-up oil drilling rigs operated by the Huthnance Division of W.R. Grace & Co. in the Gulf of Mexico. Northwood invested in this buyout in 1993. The company was sold in 1994 for cash to Falcon Drilling, Inc, which subsequently merged with Transocean Sedco Forex Inc. www.deepwater.com |
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The Lion Brewery, Inc., Wilkes-Barre, PA, is a regional brewer and bottler of premium beers, malta, and other nonalcoholic beverages. It operates as both a contract bottler as well as selling proprietary products under the Lion, Olde Philadelphia, and Stegmaier brands. Northwood invested in this buyout in 1993, took the company public, and sold its position to management in 1999. www.lionbrewery.com |
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MECC, Inc. (formerly Midwest Employers Casualty Co.), Cincinnati, OH, was formed in 1988. Northwood participated in the first round of financing for this start-up insurance company providing excess worker's compensation for self-insured employers. MECC became a leader in its field and was sold to W.R. Berkley Corp. in 1995 and a final escrow distribution was received in 1999. www.wrberkley.com |