Cyprium Partners is pleased to announce its portfolio company Bensussen Deutsch & Associates, LLC (BDA) has completed three complementary acquisitions during the last few months. In July, BDA acquired Boston-based SwervePoint, a complementary business to BDA’s Merchandise Agency™ model for promotional and branded merchandise. Founded in 2004, SwervePoint brings a boutique approach to a diverse…
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Monroe’s Own Backyard Products Expanding Nationally
Backyard Products, which moved its plant to Monroe from Warren 10 years ago, continues to expand its market and products…
Cyprium Partners Announces New Investment in ACT Lighting, Inc.
Cyprium Partners, a non-control private equity firm, has completed a preferred equity investment in ACT Lighting, Inc. Cyprium’s capital was used to facilitate a strategic acquisition, redeem outstanding debt, and provide growth capital. Founded in 1993, ACT Lighting, Inc. is a specialized distributor of lighting control consoles, lighting fixtures and ancillary products for the live…
Cyprium Partners Hires Wes Owen
Cleveland, Ohio—Cyprium Partners is pleased to announce the appointment of Wes Owen as a Managing Director to the firm’s New York office, where he will oversee East Coast new investment originations and further develop the organization’s existing network of referral sources, including investment banks, lenders and trusted company advisors.
M-D Building Products: DIY Stuff with Staying Power
M-D Building Products Inc. provides essential weatherproofing products for residential homeowners—basic DIY offerings that help position the company itself to be somewhat impervious to economic fluctuations in the broader economy.
Cyprium Partners Promotes Nicholas Stone to Managing Director
Cleveland, Ohio: Cyprium Partners is pleased to announce the promotion of Nicholas Stone to Managing Director. Mr. Stone oversees Cyprium’s Chicago office and will lead the firm’s origination and marketing related activities. The promotion is in recognition of Mr. Stone’s significant contributions to the success of the firm, particularly the current $460 million non-control focused fund, Cyprium Investors IV. The firm will rely on his expertise and energy to continue building the business development effort critical to Cyprium’s investment model and future growth.
Cyprium Partners Announces New Investment in Irvin Automotive Products, Inc.
Cleveland, Ohio: Cyprium Partners, a non-control private equity firm, is pleased to announce its new subordinated debt and equity investment in Irvin Automotive Products, Inc. (Irvin). The investment was used to facilitate an acquisition of the business by Detroit entrepreneur Vinnie Johnson from Takata Corporation. Irvin will operate separate from Piston Group, another automotive business owned by Mr. Johnson, and will continue to be run by Irvin’s current management team led by Joseph Finn. This investment was the twelfth transaction from the firm’s Cyprium Investors IV fund, which closed in December 2014.
Cyprium Partners Announces New Investment in Paper Machinery Corporation (PMC).
Cleveland, Ohio: Cyprium Partners, a non-control private equity firm, is pleased to announce its new subordinated debt investment in Paper Machinery Corporation (PMC). The capital was used to facilitate an acquisition of the business by a newly formed Employee Stock Ownership Plan (ESOP) from the Baumgartner family. The selling shareholders, Donald Baumgartner and John Baumgartner, will continue to serve on the company’s board of directors.
Cyprium Partners Announces New Sponsorless Mezzanine Investment in Bensussen Deutsch & Associates, LLC (BDA)
Cleveland, Ohio: Cyprium Partners, a non-control private equity firm, is pleased to announce its new sponsorless mezzanine investment and commitment in Bensussen Deutsch & Associates, LLC (BDA). This investment was the eleventh transaction from the firm’s Cyprium Investors IV fund, which closed in December 2014.
Baumgartners turn over Paper Machinery to surprised employees
By Rick Barrett of the Journal Sentinel A family with some of Milwaukee’s deepest manufacturing roots has decided to turn its company over to the people it credits most for its success. The families of Donald Baumgartner and his son, John, owners of Paper Machinery Corp., handed the 65-year-old Milwaukee company over to stunned employees…