ARCHIVES
2013    2012    2011    2010    2009    2008    2007    2006    2005    2004    2003    2002    2001    2000    1999   

Current Articles

News
06/08/2010
Stonehenge Growth Capital Invests in Col-Met Spray Booths
DALLAS, TEXAS June 8, 2010 – Stonehenge Growth Capital (“Stonehenge”) announced a $1.95 million mezzanine debt investment in Col-Met Spray Booths. Founded in 1997 as a division of Collier Metals, and incorporated in 1999, Col-Met manufactures paint spray booths, batch ovens, and related products for heavy-duty construction and fabrication, automotive repair, heat containment, and product finishing.

Stonehenge will fund working capital requirements to support continued growth in Col-Met, as revenues rebound from the impact of the economic downturn. As large customers invest in updating production and expanding product lines, Col-Met’s robust product offerings provide value to both new and existing customers by allowing their specific needs to be met. The additional working capital will also allow Col-Met to expand and enhance their product line to continue to add value to its customers.

Col-Met has established itself as a national leader in the industry, aiming to provide cleaner, safer, and functional workplaces. Its products control overspray, reduce prep time and arrive at the customer with all the hardware, filters and sealants required for installation. Utilizing a network of qualified distributors, Col-Met is able to serve a diverse and large customer base.

About Col-Met
Col-Met Spray Booths is a manufacturer of paint finishing equipment for industrial uses. The company operates two divisions including a paint booth division and an industrial finishing enclosure division. The paint booth division specializes in paint and powder applications, open-ended and close-ended enclosures and washers. The industrial finishing enclosure division offers several products including batch ovens, customized garages and various finishing products. The company’s products are exclusively marketed through a large network of qualified distributors. The company serves aerospace and industrial manufacturers, automotive dealers and body shops, energy service companies, and trailer and RV-makers. Col-Met’s customer base is diverse and represents many large companies, including Auto Body Toolmart, Caterpillar and Sherwin Williams.

About Stonehenge Growth Capital
Stonehenge Growth Capital (SGC) represents the principal investing arm of Stonehenge Capital Company, LLC. SGC directly manages over $500 million in private equity, debt and venture capital investment funds across the country. The group supports both emerging and established middle market businesses from its offices in the Northeast, Southeast, Southwest, Mountain West and Gulf Coast regions. SGC invests up to $15 million in transactions supporting growth-oriented working capital, buyouts, recapitalizations and acquisitions in a wide range of industries, including information technology, manufacturing, distribution, business services, and energy services. To date, the group has invested more than $387 million in over 150 companies. For more information, visit www.stonehengegc.com.

Associated Company
Col-Met Spray Booths
 
Associated Office
Dallas