All in a day's (plus one) work - Clearview Capital completes three transactions in a two day period 

 Two divestitures and the first investment by Fund III 

 

Old Greenwich, CT, October 4, 2013- Clearview Capital today announced the acquisition of St. Croix Hospice, LLC of Oakdale, MN, the first transaction in its new $325 million Clearview Capital Fund III, LP ("Fund III"), as well as the sale of its majority ownership in Rowmark, LLC and its minority stake in CPG International.  The St. Croix transaction closed on October 1 while Rowmark and CPG closed a day earlier.

St. Croix Hospice, LLC ("St. Croix") is a rapidly-growing provider of high quality, end -of-life palliative care for patients suffering from a l ife-limiting illness or terminal disease.  "We are very excited to partner with St. Croix's management team, who reinvested a significant portion of their proceeds in the recapitalization," commented Matt Blevins, Principal, of Clearview Capital.  "The hospice sector will continue to benefit from an aging population and increasing utilization given its position as the low-cost setting for end-of-life care, and we believe St. Croix and its management team represent the perfect platform to take advantage of what we see as numerous opportunities for continued growth, both organically and through acquisitions." 

 

Rowmark, LLC ("Rowmark") is a world leader in the manufacture of specialty plastic sheet and related products for the awards/recognition, engraving, signage and thermoforming markets.  "Rowmark's management team did a terrific job building the business organically and through acquisition during our ownership, while diversifying into new regions and markets," said Calvin Neider, Co-Founder and Managing Partner of Clearview Capital.  "The company expanded into Europe, increased its manufacturing capacity and built its nascent PMC division, which serves thermoforming customers, into a rapid engine of growth for the business."  The sale, which was the fourth complete realization from Clearview Capital Fund II, LP, was made to private equity firm Bertram Capital.

 

CPG International ("CPG") is an innovative manufacturer of polyolefin and PVC sheet products sold primarily under the AZEK�, Timbertech and Scranton Products brands.  During Clearview Capital's ownership, which began as a majority investment in 2001 and transitioned to minority ownership in 2005, the company was the industry leader in creating the low maintenance PVC trim and decking category.  Over the last twelve years the company also established itself as the dominant manufacturer of solid plastic bathroom partitions.  "We are extremely proud of our long association with CPG and our role in creating and developing AZEK� into the industry leading brand it is today," said James G. Andersen, Co-Founder and Managing Partner of Clearview Capital, "The more than six-fold increase in revenue and EBITDA we enjoyed during our tenure are testament to the quality of the company's brands, products and people.  We are sad to part ways, but also confident the company will have continued success."


Clearview's other holdings include QC Supply, LLC, a leading wholesale distributor to the swine and poultry markets; Battenfeld Technologies, Inc., a designer, developer and supplier of branded shooting and hunting accessories to the outdoor sporting goods industry; GCR, Inc., a professional services firm delivering consulting services and technology solutions to governmental and commercial clients; Child Health Holdings, Inc. d.b.a. Pediatric Health Choice, the country's largest provider of prescribed pediatric extended care ("PPEC") centers for medically complex children; Pyramid Healthcare, Inc., a provider of substance abuse and mental health treatment programs for adults and adolescents; The Results Companies, LLC, a rapidly growing provider of customer relationship management solutions; QualSpec Group (f.k.a. All Tech IESCO), a provider of mechanical integrity inspection and non-destructive examination services for the refining, petrochemical, power generation and other industries; and Active Day/Senior Care, Inc., the country's largest operator of adult day care centers. 
                                                                  
Clearview Capital, LLC is a private investment firm based in Old Greenwich, CT that invests in and develops mid-sized, North American companies in partnership with management. Clearview Capital invests exclusively alongside management in manufacturing and service companies that have dominant market positions and strong prospects for growth. The firm has a long history of assisting strong management teams in the execution of their growth strategies.

  For additional information, please visit www.clearviewcap.com  

 

To discuss investment proposals, please contact: 

Tony Veith

Partner

(203) 698-2777 x 18

[email protected] 

Larry Simon

Principal

(310) 806-9555

[email protected] 

Jim Tucker

Principal

(312) 288-0123

[email protected] 

Nick Berry

VP, Business Development

(203) 698-2777 x 22

[email protected]

  

 

 

 

 

Clearview Capital, LLC 

1445 East Putnam Avenue | Old Greenwich, CT 06870
Phone: 203-698-2777 | Fax: 203-698-9194

[email protected]

 

  

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Disclaimer

This press release is for informational purposes and is not an offer to sell, or a solicitation of an offer to buy, securities in the United States or elsewhere. Clearview Capital is not utilizing this release to provide investment or other advice, and no information disclosed herein is to be relied upon for the purpose of making investment decisions. Any transactions described are included as representative transactions and are not necessarily reflective of overall performance.   

 

  
Main Office 
1445 East Putnam Avenue 
Old Greenwich, CT 06870 
 
Tel: 203-698-2777 
Fax: 203-698-9194

James G. Andersen
Managing Partner & Founder 

[email protected]


Calvin A. Neider
Managing Partner & Founder

[email protected]
 

William F. Case, Jr.
Partner

[email protected]

Paul M. Caliento
Partner

[email protected]

Anthony J. Veith
Partner
[email protected]
 
  
Lawrence R. Simon
Principal

[email protected]

Mathias Rumilly  
Principal
[email protected]


Matthew W. Blevins
Principal
[email protected]

James C. Tucker
Principal
  
Nicholas M. Berry
VP, Business Development
[email protected]
  
Geoffrey L. Faux
Associate
[email protected]
  
Mark A. Adams
Associate
[email protected]

Brent A. Simon
Associate
 
John Cerra 
CFO & CCO  
[email protected] 


Visit our Website at

www.ClearviewCap.com