CFB INVESTS IN GREENVILLE TUBE, LLC ST. LOUIS, MO - Capital For Business, Inc. (CFB) has invested $2.0 million and led four other investment firms to provide $8.5 million in capital for the purchase of Greenville Tube, LLC, Clarksville, Arkansas. CFB's co-investors in the venture are MidStates Capital, Alpha Capital Partners, Diamond States Ventures, and Hickory Venture Partners. Greenville is a niche manufacturer of high-precision, stainless steel tubing used in the petrochemical, food, oil refining, and medical industries. The company specializes in just-in-time, short-run, non-standard, odd lot, and special grade orders that are difficult for larger competitors. "Greenville's customer base is large and diversified. The management team has worked together to build Greenville into a strong, profitable company. In fact, the company has never had an annual loss in its 50-year existence," Steve Broun, Senior Vice President for CFB, said. "Greenville is a great example of the type of business CFB looks to invest in," he added. Capital For Business (CFB) is a private equity firm that buys companies, backs buyers, and funds growing manufacturers or distributors of industrial products in the Central and Southern U.S. CFB currently manages approximately $100 million in invested and committed capital, and has offices in St. Louis, Chicago and Kansas City.
CFB INVESTS IN McNALLY ST. LOUIS, MO - Capital For Business, Inc. (CFB) has invested $1.3 million in the purchase of McNally Industries, Inc., based in Grantsburg, Wisconsin. CFB's partners in the acquisition included Treval Holdings, MidStates Capital, and Kansas Venture Capital, Inc. McNally manufactures mechanical systems and precision machined parts for the Department of Defense and several of the country's largest defense contractors, including Boeing, General Dynamics and Lockheed Martin. The company was founded 60 years ago and employs 85 people. With over 80% of its revenues derived from military applications, McNally has an unusually strong franchise for a company of its size. It is a certified supplier to the Navy, Army and the Air Force, and virtually all of the major military contractors. "In addition to revenue generated from ongoing military programs, McNally is an innovator in new systems design and development and in upgrading versions of existing systems," said Greg Gaeddert, Senior Vice President of CFB. "Participating in these programs is vital to the long-term prospects of industry suppliers, so we are very optimistic about the company's potential for growth." Capital For Business (CFB) is a private equity firm providing capital for buyouts and expansions of manufacturers or distributors of industrial products or parts and providers of business-to-business services in the Central U. S. CFB buys companies, backs buyers, and helps growing companies expand. The firm currently manages over $100 million in invested and committed capital, and has offices in St. Louis, Chicago, and Kansas City.
CFB INVESTS IN TECHNO-AIDE ST. LOUIS, MO - Capital For Business, Inc. (CFB) has invested $1.5 million to purchase Techno-Aide, LLC, based in Nashville, Tennessee. CFB's co-investors Northstar Capital, LLC, Hudson Valley Capital Partners, Inc., and management were also significant investors. Techno-Aide, a marketer and manufacturer of accessory products for the medical imaging and radiology markets, enjoys the industry's majority market share for domestic X-ray identification markers. The company is the leading manufacturer of assembled radiology carts, cabinets, and X-ray and mammography film duplicators. Techno-Aide's products also include protective apparel and support devices, plus metal shelves and racks for the storage of X-ray images. "Techno-Aide has a strong reputation built through its quality catalog and exceptional customer service," said Holly Huels, Senior Vice President of CFB. "In addition," Huels continued, "historical market growth in the medical imaging industry, including the accessories and supplies sector, has been steady, and we're forecasting continued opportunity." Capital For Business (CFB) is a private equity firm that buys companies, backs buyers and finances growth from offices in St. Louis, Chicago and Kansas City. CFB specializes in manufacturers or distributors of industrial and medical products and providers of business-to-business services in the Central U. S.
ST. LOUIS, MO - Capital For Business, Inc. (CFB) has invested $1,500,100 in Broadcast Electronics, Inc. of Quincy, Illinois, a global leader providing digital audio delivery and management system solutions to the broadcasting industry. This investment was made in conjunction with a recapitalization of the Company with FB Commercial Finance, Inc. Founded in 1959, BE designs and manufactures radio frequency "RF" transmitters, remote broadcasting equipment, and station automation equipment for the worldwide radio market. The company has been a pioneer in the development of many leading broadcast technologies, including broadcast automation systems, FM exciters and high power FM transmitters. Earlier this year, BE was chosen for two Radio World 2002 Reader's Choice awards. Its 20k solid state FM transmitter won the prestigious "Cool Stuff" award in 2001. And its equipment was used in the search for World Trade Center survivors. "We're very excited about the opportunity to be a part of Broadcast Electronics' growth," commented Steve Broun, Senior Vice President, CFB. "Innovative, reliable products and superior customer service have made BE one of the most respected companies in the radio industry," he added. Capital For Business (CFB) is a private equity firm providing capital for buyouts and expansions of manufacturers or distributors of industrial products and providers of business-to-business services in the Central U. S. CFB buys companies, backs buyers, and helps growing companies expand. The firm currently manages over $100 million in invested and committed capital, and has offices in St. Louis, Chicago, and Kansas City.
August 20, 2001 ST. LOUIS, MO - Capital For Business (CFB) has partnered with Mr. Jay Bartling to purchase Surgical Instrument Manufacturers, Inc., St. Louis, MO. The company manufactures hand-held micro-instruments used primarily in ophthalmic surgical procedures. CFB invested $750,000 in a combination of subordinated debt and preferred stock. Surgical manufactures instruments under a microscope, for surgery performed under a microscope. The Company currently offers over 240 different instruments, some of the smallest and most precise manufactured anywhere. Working closely with its customers, Surgical Instrument Manufacturers is continually expanding and evolving its product line to meet market needs. Paul Novak, CFB Investment Officer, comments, " With a new aggressive management team, the Company is well positioned to take advantage of projected increases in surgical procedures due to the aging of the world population and the growing requirement for extremely small and precise instruments." Capital For Business is a private equity firm providing capital for buyouts and expansions of manufacturers and distributors of industrial products and providers of business services in the Central U.S. CFB buys companies, backs buyers, and helps growing companies expand. The firm currently manages over $100 million in invested and committed capital and has offices in St. Louis, Chicago, and Kansas City.
August 16, 2000 ST. LOUIS, MO -- Capital For Business, Inc. (CFB),has invested $1 million in expansion capital to Hook Up, Inc., a transportation company that provides ""driveaway"" delivery services to the transportation industry. CFB joined three other equity firms to provide a total investment of $4 million. Kansas Venture Capital, Inc.; MorAmerica Capital Corporation/NDSBIC, LP; and MidStates Capital, L.P were CFB's partners in the transaction. The company's principal business is to pick up tractors rolling off the production line at the manufacturing plant, ""hook up"" the tractor units piggy-back style, and transport them to dealer lots around the country. Hook Up is fast becoming one of the larger used and specialty truck driveaway companies in North America. Hook Up, which has grown revenues to over $70 million, is known for its excellent customer service and reliability. It is positioned for continued expansion into the used truck and specialty vehicle OEM-delivery business, and, ultimately, into the Internet auction used-truck business. Established in 1959, Capital For Business is a private equity investment firm providing capital for buyouts and expansions of manufacturing companies in the central United states. The firm currently manages over $100 million in invested and committed capital. Capital For Business has executive offices in St. Louis, Chicago, and Kansas City.
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