28/07/05 CrimStone Partners has acquired North Texas AAA
Pallet Co., Inc. and Oklahoma AAA Pallet Co., Inc. ("AAA Pallet").
Transaction terms were not disclosed (COSTA MESA, Calif)
RSM EquiCo Capital Markets, the broker-dealer subsidiary of RSM EquiCo Inc., initiated the transaction, led the negotiations and acted as the exclusive financial advisor to AAA Pallet.
"The acquisition of AAA Pallet will aid CrimStone in its strategic pursuit of regional consolidation in the recycled pallet industry," said Paul Weisbrich, senior managing director for RSM EquiCo Capital Markets. "The founders of AAA Pallet will stay on, assisting with accounts and operations, and maintain a minority interest in the company."
About RSM EquiCo Inc.
RSM EquiCo is a global provider of investment banking services to private companies with annual revenues of up to $500 million. We bring together companies, capital and creativity on a national and international scale to help our clients achieve their personal and strategic objectives. The firm is part of RSM McGladrey Inc., a business segment of H&R Block.
About AAA Pallet
Based in Irving, Texas, with branch offices in Oklahoma City and Tulsa, AAA Pallet is a manufacturer and provider of new and recycled, standard and custom-sized wood pallets. The company also provides custom crates, logistical transport services and decorative mulch. Since its founding in 1989, the company has focused on supplying high-quality pallets, pallet services and related products at competitive prices. AAA Pallet has a strong regional presence and sells to over 230 customers in several southern states including Texas, Oklahoma, Kansas, Missouri and Louisiana.
About CrimStone Partners
CrimStone Partners is a special purpose private equity partnership designed
to find, acquire and build companies. The fund's investors consist of more
than 35 highly distinguished business leaders, senior investment bankers
and private equity professionals from firms such as Morgan Stanley, Lazard,
Dresdner Kleinwort Wasserstein, Bain Capital, AEA investors, Allied Capital,
Seven Rosen Funds, Blum Capital and CIBC. CrimStone's largest investor is
Reynolds, DeWitt & Co., an investment firm in Cincinnati, Ohio, whose
current holdings include basic manufacturing businesses, national franchise
holding companies, real estate developments and a professional sports franchise.