Highlander Partners Announces Acquisition of Twitchell Technical Products, LLC
By PRN NewsWire
By PRN NewsWire
DALLAS, July 9, 2015 /PRNewswire/ — Highlander Partners, L.P., a leading middle market private investment firm based in Dallas, Texas, today announced the acquisition of Twitchell Technical Products, LLC (“Twitchell”) from a Capital Partners affiliate. Twitchell is a Dothan, Alabama-based manufacturer of engineered polymer fabrics and coatings that are inputs in a diverse set of end products, including interior window shades, awnings, screens, wall and floor coverings, environmental protection and containment products, surgical gowns, absorbents, automotive components and industrial packaging.
Twitchell will continue to operate under its existing operating structure with its current management team, led by President and CEO, Jeff Register, an industry veteran with 28 years of experience in engineered fabrics and coated films. Since assuming their current positions in 2008, the Company’s management team has executed upon numerous growth initiatives and positioned the business as an industry leader.
Mr. Register commented, “We are excited to be working with Highlander Partners, which has a strong track record of building long-term value for its portfolio companies. With Highlander’s financial, strategic and operational support, we will continue to expand upon our leading market position.”
In connection with Highlander’s investment in Twitchell, Highlander President Mike Nicolais will join Twitchell’s board and serve as Chairman. Mr. Nicolais stated, “Twitchell’s superior service and customized solutions have formed a loyal and growing customer base. We are excited to partner with such an experienced and proven management team to continue growing and developing innovative solutions for the Company’s customers. In addition, similar to our other portfolio companies, we intend to supplement organic growth with strategic acquisitions that will help us increase scale and broaden product offerings.”
Mr. Register, who will continue to lead the business as Twitchell’s President and Chief Executive Officer, added, “While our ownership has changed, our commitment to our customers remains stronger than ever. We look forward to working with our new partners to accelerate our positive momentum in the marketplace–driving growth by better understanding our customers’ needs and providing differentiation through product innovation and customer service.”
Piper Jaffray served as the exclusive financial advisor to Capital Partners in connection with this transaction. Regions Capital Markets arranged the senior credit facilities in support of the transaction.
About Highlander PartnersHighlander Partners, L.P. is a Dallas-based private investment firm with over $1 billion of assets under management. The firm focuses on making investments in businesses in targeted industries in which the principals of the firm have significant operating and investing experience, including basic manufacturing, food, chemicals, building materials, consumer products, and more. Highlander Partners uses a “buy and build” investment approach, creating value by helping companies grow organically and through acquisitions. For more information, visit www.highlander-partners.com.
About Twitchell Technical Products, LLCTwitchell is a manufacturer of fibers, textiles and coatings. The company offers a broad range of specialty woven and knit fabrics, as well as technical coatings and laminates for a wide variety of applications from designer outdoor furniture to commercial products. For more information about Twitchell, please visit www.twitchellcorp.com.
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CONTACT: Mark Blanchat, 214-213-0832, email@example.com
Web site: http://www.twitchellcorp.com/http://www.highlander-partners.com/