Current Portfolio Companies
- Allen Edmonds Shoe Corporation
- Date of investment: July 2006
Allen Edmonds is a manufacturer of premier quality, branded men’s footwear and accessories. The Company was founded in 1922 and markets products through a wholesale channel as well as 38 Company-owned retail stores. The Company is headquartered in Port Washington, Wisconsin.
- Houlihan’s Restaurants, Inc.
- Date of investment: January 2006
Houlihan’s Restaurants develops, operates and franchises a system of restaurants specializing in high-quality, moderately-priced food and alcoholic beverages. The Company operates 46 corporate and 55 franchised restaurants under the Houlihan’s, Devon and J.Gilbert’s brand names. The Company is headquartered in Leawood, Kansas.
- Imperial Plastics, Inc.
- Date of investment: July 2012
Imperial Plastics is a contract custom single and multi-shot injection molder specializing in the production of highly engineered plastic components, in a high volume environment. Its corporate headquarters is located in Lakeville, Minnesota with facilities in Lakeville and West St. Paul. The Company serves end markets including recreation, industrial, medical and consumer.
- Mid Valley Industries, LLC
- Date of investment: September 2008
Mid Valley Industries is a manufacturer of precision machined components and subassemblies that are custom manufactured for equipment used in the surface mining, oil and gas drilling, electrical power generation, and commercial and industrial construction industries. The Company was established in 1966 in Kaukauna, Wisconsin.
- Specialty Commodities, Inc.
- Date of investment: October 2008
Specialty Commodities is a global supplier and distributor of specialty food ingredients, providing customers with sourcing, logistics, and market intelligence. Products offered include nuts, dehydrated vegetables, oilseeds, edible grains and seeds, dried fruits, and spices. The Company is headquartered in Fargo, North Dakota.
- Transport Corporation of America, Inc.
- Date of investment: February 2006
Transport America provides a wide range of truckload freight carriage and logistics services to customers in the United States, Mexico and Canada. The company focuses on providing time-definite and other responsive services with the support of its dedicated employees, state-of-the-art technology and information systems. The Company is headquartered in Eagan, Minnesota.
- Universal Turbine Parts, LLC
- Date of investment: December 2012
Universal Turbine Parts is one the world’s largest dealers of aftermarket turboprop aircraft engines and engine parts. The Company specializes in the PT6 and PW100 engine platforms manufactured by Pratt & Whitney Canada that power more than 14,000 aircraft worldwide. The Company is headquartered in Prattville, Alabama.
PRIOR PORTFOLIO COMPANIES
- American Engineered Components
- Date Acquired: April 1999
Date Exited: January 2004
Fund: Marathon Fund IV
AEC was a leading designer and manufacturer of complex, custom-designed stamped metal components, disc springs and engineered industrial fasteners, including sealer plugs, Carr Plug Buttons and Teenuts. The company served primarily the automotive, truck, electronics and industrial products markets. Customers included General Motors Truck and Bus, Ford, Chrysler Corporation, TRW, Autoliv, and Schlumberger.
- American Lock
- Date Acquired: August 1998
Date Exited: April 2003
Fund: Marathon Fund III
American Lock manufactured and distributed high quality security hardware to both the industrial and consumer markets. In addition to being the world’s largest manufacturer of solid steel padlocks and the second largest manufacturer of padlocks in the United States, its product line included solid body steel, aluminum, brass, composite fiber, and laminated steel padlocks, as well as combination locks.
- Bankers Systems
- Date Acquired: December 1994
Date Exited: August 1999
Fund: Marathon Fund I & II
Bankers Systems was the country’s leading supplier of products and services designed to assist banks and other financial institutions conduct business in compliance with legal and regulatory requirements.
- Byerly’s
- Date Acquired: October 1990
Date Exited: April 1997
Fund: Marathon Fund I & II
Byerly’s, Inc. was a leading premium grocery format in the Minneapolis-St. Paul metropolitan area. The company’s successful format featured a collection of high-margin specialty retail centers, such as deli counters, bakeries, seafood and meat counters, a broad product selection and exceptional customer service.
- Claire-Sprayway
- Date Acquired: September 1997
Date Exited: July 2005
Fund: Marathon Fund III
Claire-Sprayway was a custom manufacturer of aerosol packaged chemical products for household, institutional and industrial cleaning agents and adhesives.
- Crescent Sleep Products
- Date Acquired: March 1998
Date Exited: June 2000
Fund: Marathon Fund III
The Crescent Sleep Products was a leading producer and distributor of Serta brand mattresses and box springs. The company manufactured and distributed its products from three highly automated facilities in Clear Lake, Iowa, Grovetown, Georgia, and Greensboro, North Carolina.
- Deltak
- Date Acquired: May 1990
Date Exited: January 1994
Fund: Pre-Fund
Deltak was a world-wide supplier of custom-designed heat recovery steam generators for gas turbine combined cycle power generation and specialty boilers for waste heat recovery applications. The company also provided installation, start-up, operation training and after-market services for all operating units.
- Hartzell Manufacturing
- Date Acquired: June 1993
Date Exited: April 1997
Fund: Marathon Fund I & II
Hartzell Manufacturing provided services in plastic injection molding, structural foam molding, aluminum, zinc and magnesium die casting, and electro-mechanical assembly. The company offered a complete tooling package of assembly projects, from packaging and drop shipments to individual accounts.
- Havco Wood Products
- Date Acquired: August 1999
Date Exited: August 2002
Fund: Marathon Fund IV
Havco WP, Inc. was the leading domestic manufacturer of laminated oak hardwood flooring used in the assembly of dry freight van trailers. The company’s strong relationships with its customers reflected its commitment to superior product quality, exceptional customer service, substantial manufacturing capacity and low cost solutions.
- Jacobson Machine Works
- Date Acquired: May 1992
Date Exited: December 1997
Fund: Marathon Fund I & II
Jacobson was a manufacturer of industrial size reduction equipment, including shredders, crushers, lump breakers, air swept pulverizers, hammer mills and grinders, which were used in a variety of processing applications.
- Knutson Mortgage
- Date Acquired: October 1992
Date Exited: May 1997
Fund: Marathon Fund I & II
Knutson Mortgage Corporation was a full service banker that originated and serviced residential one- to four-family mortgage loans. Knutson also provided sub servicing and master servicing for others and serviced a portfolio of approximately $6 billion exclusive of sub servicing provided by the company for the Resolution Trust Corporation.
- Lancaster Laboratories
- Date Acquired: September 2000
Date Exited: August 2005
Fund: Marathon Fund IV
Lancaster Labs performed analytical chemical and microbiological testing to support the development and manufacturing of pharmaceuticals.
- Mark VII Equipment
- Date Acquired: January 1996
Date Exited: February 2006
Fund: Marathon Fund III
Mark VII introduced the United States’ first fully-automatic touch-free car wash in the early 1980′s. The company manufactured and sold self-service and automatic “rollover” and tunnel car wash systems to gasoline retailers and independent care wash operators.
- Michael Foods
- Date Acquired: April 2001
Date Exited: November 2003
Fund: Marathon Fund IV
Michael Foods was a diversified producer and distributor of specialty egg, potato and dairy products to the foodservice, retail and industrial ingredients markets.
- Mid-America Entertainment
- Date Acquired: May 1992
Date Exited: June 1995
Fund: Marathon Fund I & II
Mid-America Entertainment Co. was formed as the exclusive Blockbuster Video franchisee for the Minneapolis/St. Paul metropolitan area, as well as numerous counties in Southern Minnesota, Northern Iowa and Des Moines.
- Petermann Bus Company
- Date Acquired: December 2004
Date Exited: September 2008
Fund: Marathon Fund V
Petermann was a Cincinnati-based provider of transportation services for school districts and special needs county agencies.
- Remmele Engineering, Inc.
- Date Acquired: March 2007
Date Exited: February 2012
Fund: Marathon Fund V
Remmele Engineering is a leader in the design and production of highly engineered, precision-manufactured components and complex automated assembly systems. Founded in St. Paul, Minnesota in 1949 as a two-person tool and die shop, the company has grown to become a leading provider of highly complex and close tolerance parts, tooling and assembly systems for some of the largest companies in the pharmaceutical, medical, aerospace and defense industries.
- Samuel Lawrence Furniture Company
- Date Acquired: January 1997
Date Exited: August 2006
Fund: Marathon Fund III
Samuel Lawrence was a leading designer and distributor of furniture for the home.
- Union Metal
- Date Acquired: August 2000
Date Exited: July 2011
Fund: Marathon Fund IV
Union Metal designed and manufactured steel and aluminum poles for traffic lights, roadway lighting, cellular communications and other commercial applications.
- VICORP Restaurants
- Date Acquired: May 2001
Date Exited: June 2003
Fund: Marathon Fund IV
VICORP was a leading operator of family-style restaurants under the brand names Village Inn and Bakers Square.
- Vitality Foodservice
- Date Acquired: September 2004
Date Exited: December 2009
Fund: Marathon Fund IV
Vitality Foodservice provided non-alcoholic beverages to 18,000 foodservice customers throughout the world. Based in Tampa, Vitality offered a broad selection of high quality beverages through its “total beverage system” which included state-of-the-art dispensing machines, proprietary packaging and a dedicated international sales and service network.
- Western Reserve Products
- Date Acquired: August 1997
Date Exited: January 2000
Fund: Marathon Fund III
Western Reserve Products (WRP) was the second largest manufacturer of doorlites, sidelites, and transoms. Serving the building industry since the 1960′s, WRP became a market leader and established strong relationships with a diverse base of OEM’s, distributors, and home centers by delivering its broad product line efficiently and cost-effectively.
- Westlake Hardware, Inc.
- Date Acquired: January 2006
Date Exited: December 2012
Fund: Marathon Fund V
Westlake Hardware, based in Lenexa, Kansas, was founded in 1905. It is the largest Ace Hardware dealer in the country and one of the largest retail hardware chains nationwide. The company currently operates over 90 stores in a seven state region of Missouri, Kansas, Nebraska, Iowa, Oklahoma, Texas and New Mexico.
- Wilsons Leather
- Date Acquired: June 2007
Date Exited: September 2008
Fund: Marathon Fund V
Wilsons Leather was a leading specialty retailer of leather outerwear, accessories and apparel in the United States.
- Woodcraft Industries
- Date Acquired: February 1996
Date Exited: April 2003
Fund: Marathon Fund III
Woodcraft was the leading manufacturer of hardwood components, fully-assembled solid wood doors and various laminated and profile-wrapped components for the kitchen cabinet, furniture and millwork industries.