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Altamont Capital Partners is excited to announce that we have been selected by BluWave as a 2024 Top Private Equity Innovator. This award recognizes our innovative and proactive approach to due diligence, value creation, and corporate citizenship. 

The Top Private Equity Innovator Award Recipients were selected by a cross-functional committee that assessed candidates in consultation with a broad universe of limited partners, investment bankers, industry thought leaders and service providers in the private equity ecosystem. As part of their selection process, the committee evaluated more than 5,000 private equity firms and utilized more than 75 different factors, incorporating more than 400,000 data points.

We are very proud to receive this recognition for the third year in a row, and want to thank our dedicated team, advisors, LPs, and partners for their continued support.

Learn more about the awards and see the full list of honorees here: https://www.bluwave.net/awards/

Palo Alto, CA, February 8, 2024 – Altamont Capital Partners (Altamont) today announced that Billy Medof has joined the firm as an Operating Partner. In his new role, Billy will accelerate Altamont’s investment thesis within the corrugated packaging industry, drawing on his nearly 20 years of executive leadership experience in the industry. Billy previously served as both President of Georgia Pacific (GP) Corrugated and business leader for GP’s Sheet Feeders, which are subsidiaries of Koch Industries. Most recently, Billy was CEO of Procure Analytics, a group purchasing organization (“GPO”) and Genstar portfolio company, helping its 1,000+ member companies achieve needle-moving savings across categories including MRO, packaging, and freight.

Billy’s industry expertise will allow Altamont to dedicate new focus and capabilities to the pursuit of partnerships in a growing and sustainable industry. Customer needs are evolving and intensifying – from growing eCommerce channels and direct-to-consumer brands, to manufacturers seeking supply chain resiliency while maintaining working capital discipline. This demands packaging suppliers stay nimble, capable, reliable, and customer-first always. Altamont and Billy’s shared vision is to build a national corrugated business that combines the best of what makes independents great with the latest in digital production technologies, automation, workflows, and software.

“We believe Billy’s experience will be a key factor as we continue developing our thesis,” said Randall Eason, a Managing Director and co-founder of Altamont. “We’re excited to connect with founders and owners who share our commitment to people-driven cultures, including through broad-based equity programs in concert with our role as a founding partner of Ownership Works, and want to join us in growing their business.”

“Independent, nimble corrugated box manufacturers are on the cutting edge in delivering services, products, branding, and value to their customers,” said Chase Beeler, a Principal at Altamont. “We likewise believe that there is substantial value and opportunity in building a platform capable of delivering the benefits of national scale with local presence in the industry.”

“I’m looking forward to working closely with Altamont as they continue building world-class businesses, particularly within the corrugated packaging market,” said Billy. “Altamont’s partnership-first approach, talented team, and committed, patient capital are a winning combination for founders and owners looking to grow their business and offer even greater value to their customers, employees, and investors. I’m excited to apply this approach alongside my experience as we build partnerships within the packaging industry. Serving independent box makers as the leader of GP’s Sheet Feeders was incredibly fulfilling, and I am excited to work again with the great people in our industry.”

At GP, Billy’s business supplied corrugated sheets to independent box makers across the country and finished boxes to some of the most sophisticated, demanding industrial and consumer packaging consumers in the U.S. Billy’s team led the U.S. corrugated market in developing and deploying wide-web digital printing. Passionate about the packaging industry, Billy also served five years on the executive committee of the Fibre-Box Association, including his role as Vice-Chair.

He has also held roles at Delta Air Lines, Citigroup, and GE Capital. Billy is a veteran of the United States Army and received his undergraduate degree from the United States Military Academy at West Point. He received his MBA from Columbia University.

Investment to Focus on Distribution Channel Growth and Further Geographic Expansion

Palo Alto, CA, January 9, 2024 – Altamont Capital Partners (Altamont) today announced an investment into Mini Melts USA, LLC (Mini Melts), a leading brand in premium, beaded, single- and bulk-serve frozen novelty products based in the Philadelphia area. Altamont is partnering with the CEO and Founder of Mini Melts USA, Dan Kilcoyne, to provide growth capital to support the ongoing expansion of the company’s distribution footprint and manufacturing capabilities. Dan will remain CEO of the business and a major investor alongside Altamont and existing shareholders.

From its humble beginnings two decades ago with a single vending machine, Mini Melts now serves over 30 million cups per year of its premium frozen novelty products. The company distributes nationally to over 15,000 locations, including convenience and drug stores, family entertainment centers, zoos, amusement parks, malls, sports venues, and more. The brand is experiencing incredible growth and momentum and is currently the second fastest growing frozen handheld treat in the convenience store channel (according to IRI data; 52 weeks ending September 30, 2023). Mini Melts was also selected as one of Bain & Company’s 2023 Insurgent Brands, which recognizes accomplished companies in the fast-moving consumer goods sector that outgrow their category by 10 times.

“Mini Melts has established itself as a leader in frozen novelties. The brand’s products are some of the highest selling single-serve products in on-the-go locations today. We believe the beaded ice cream category has expandable growth potential,” said Altamont Principal Kabir Mundkur. “Mini Melts brings moments of joy to life with a product that’s quite simply delicious. We are excited to invest in the brand and bring Mini Melts into more consumers’ hands while fostering new and exciting innovation in the future.”

Mini Melts manufactures in Connecticut using a proprietary cryogenic freezing process and distributes across its network of over 20 distribution centers. The company expects to open numerous new distribution centers in 2024 and continue to expand its fully integrated, white glove distribution model. Mini Melts delivers its frozen novelty products by hand, ensuring customers receive the highest quality product.      

“The fully integrated white glove distribution model is a real difference maker. It enables an entirely seamless experience for the company’s channel partners, and a better quality product for consumers,” said Altamont Managing Director Kevin Mason. “This model is made possible by the world class team supporting the Mini Melts brand, a team that we felt an immediate cultural connection with and that we are honored and thrilled to be partnering with.”

“Our partnership with Altamont will bolster our growth plans, allowing us to spread into new markets and grow with new customers,” said Mini Melts USA CEO and Founder Dan Kilcoyne. “We have experienced exponential growth over the past several years and are focused on reaching across the entire country and innovating for our valued customers. We are excited to leverage Altamont’s experience scaling family-owned businesses and in multi-unit operations, food manufacturing, and distribution to support our next phase of growth.”

Capital Southwest Corporation and Main Street Capital Corporation provided financing for the transaction and Ropes & Gray LLP and Morrion & Foerster LLP served as legal advisors to Altamont. Raymond James acted as an exclusive financial advisor and Stradley Ronon served as a legal advisor to Mini Melts USA.

For more information on Mini Melts or to request a sample, please contact [email protected].

About Mini Melts Ice Cream

Mini Melts is one of the fastest-growing ice cream novelties nationwide. The company distributes Mini Melts ice cream – including popular flavors, such as Cotton Candy, Cookies & Cream, and fan favorite, non-dairy Rainbow Ice – through Automated Kiosks, Grab and Go Freezers, custom serving carts, and huts all with -40F cryogenic freezers. A premium ice cream experience, Mini Melts is made with 14% butterfat, a competitive advantage in the space and a contributing factor to their customer’s increased sales. Mini Melts is headquartered in the Philadelphia Metro Area with a manufacturing facility in Norwich, Connecticut, and distribution centers located across the United States.

About Altamont Capital Partners 

Altamont Capital Partners is a private investment firm based in the San Francisco Bay Area with over $4 billion in assets under management. Altamont is focused on investing in middle market businesses where it can partner with leading management teams to help its portfolio companies reach their full potential. The firm’s principals have significant experience building business success stories across a range of industries, including multi-unit consumer, specialty manufacturing and distribution, industrials, financial services and business services. For more information, visit www.altamontcapital.com. 

The premium brand is one of the fastest-growing ice-cream makers in the U.S.

By Rod James | Jan. 8, 2024 6:30 am ET | WSJ PRO

Altamont Capital Partners is backing Mini Melts USA, a Philadelphia-area business that has gone from operating a single vending machine to one of the fastest-growing ice-cream brands in the country.

The Palo Alto, Calif.-based private-equity firm said it acquired a controlling interest in the company. Mini Melts, founded in 2004, serves 30 million prepackaged ice-cream cups a year from more than 15,000 locations, Altamont said. Mini Melts Chief Executive Dan Kilcoyne remains in charge and is still invested in the business, alongside other shareholders.

The brand offers its beaded frozen confections in flavors such as Cotton Candy and Rainbow Ice, operating a manufacturing plant in Norwich, Conn., that feeds distribution points nationwide, according to its website. Convenience retailers sell Mini Melts as grab-and-go freezer items while the company also sells cups through stand-alone vending machines.

“We did a test with a national retailer which started with 50 locations. They came back and said, ‘This is going really well, we want to roll you into 9,000 locations,’ but we didn’t have the ability to do it,” said Kilcoyne about the decision to bring in a private-equity partner.

Mini Melts appeared on consulting firm Bain & Co.’s Insurgent Brands list for last year, a roster of fast-expanding consumer goods businesses that have outgrown their peers by an average of 10 times.

Private-equity and venture-capital deals in the consumer discretionary sector fell 67% in the first half of last year to $13.49 billion compared with the same period of 2022, according to data from S&P Global Market Intelligence, which cited the effects of higher inflation and rising interest rates.

Kilcoyne sees the premium segment as less vulnerable than others as consumers prioritize quality over convenience. Consumers are willing to pay more for something that tastes good, he said.

The popularity of the product with customers and retailers, and Mini Melts’ unusual distribution model, were among the main selling points for Altamont, according to Managing Director Kevin Mason. Mini Melts moves its products from its manufacturing plant to sale points through company vehicles and warehouses.

The model lets the business respond more quickly to demand from the convenience stores, malls and sports venues where its products are sold, he said. Mini Melts’ priorities include expanding the company’s distribution network, widening its product array, and extending its sales channels to venues such as cruise ships and hardware stores, all while boosting advertising and marketing.

Altamont will use Tacala/Boom Foods as a model, Mason added. The operator of Taco Bell fast-food restaurants grew from 150 locations to 350 after Altamont’s initial investment about 11 years ago, becoming the largest Taco Bell franchisee.

The deal was in line with Altamont’s strategy of writing checks of $15 million to $150 million or more to businesses with earnings before interest, tax, depreciation and amortization of as much as $100 million, Mason said. He declined to be more specific.

Industry publication The Spoon reported in August that Mini Melts has estimated annual sales of $150 million or more, in an article where Kilcoyne discussed the origins of the business.

Altamont has more than $4 billion of capital under management in sectors such as business services, consumer, financial services, industrials and healthcare.

We’re excited to announce that Altamont Capital Partners has been named as one of Inc. Magazine’s 2023 Founder-Friendly Investors for the second year in a row. The annual honor highlights private equity and venture capital firms with exceptional track records of backing entrepreneurs and accelerating the growth of their businesses.

Our work with portfolio companies is truly rewarding, and we have been honored to have the opportunity to support their growth and accomplishments. We look forward to continued success together.

See the full list: https://lnkd.in/e4rWGhDg

Palo Alto, CA – Altamont Capital Partners (Altamont) today announced the sale of Douglas Products (“Douglas”), a specialty products manufacturer and marketer of high-quality brands in the global agriculture production and structural pest control markets, to private equity firm Brightstar Capital Partners (“Brightstar”).

Altamont first invested in Douglas Products in 2015 and has worked closely with leadership to support its growth both organically and through acquisitions. In 2022, Altamont sold Duke’s Root Control Inc., previously a division of Douglas, to Comvest Partners.  

“We’re proud to have partnered with such a strong team at Douglas over the years,” said Altamont Capital Partners Managing Director Randall Eason. “Our partnership has seen immense growth and success for Douglas since we carved the business out from Dow, and we look forward to continued success in its partnership with Brightstar.”

“Our partnership with Altamont has positioned us for long-term growth as we look to continue to expand the business,” said Wes Long, CEO of Douglas Products. “We are grateful for the strong support from Altamont and are excited to continue this trajectory and our dedication to quality solutions, expertise, and collaboration for distributors and customers with Brightstar.”

About Douglas Products

Douglas Products is a specialty products manufacturer and marketer of high-quality brands in the global agriculture production and structural pest control markets. For more than 100 years, Douglas Products has partnered with customers who seek to build and protect mutually beneficial business value. We create quality solutions backed by expertise in training, stewardship, regulatory affairs and industry support. For more information, please visit https://douglasproducts.com.

About Altamont Capital Partners 

Altamont Capital Partners is a private investment firm based in the San Francisco Bay Area with more than $4.5 billion of assets under management. Altamont is focused on investing in middle market businesses where it can partner with leading management teams to help its portfolio companies reach their full potential. The firm’s principals have significant experience building business success stories across a range of industries, including consumer, restaurants and multi-unit, financial services, healthcare, industrials, and business services. For more information, visit www.altamontcapital.com. 

Altamont Capital Partners is excited to share that BluWave, LP has recognized us as a 2023 Top Private Equity Innovator. This award recognizes our continued innovation across due diligence and value creation efforts, and our commitment to improving the communities where we and our portfolio companies operate.

We are proud to have been recognized for our dedication to better serving our portfolio companies, employees, and investors, and for our part in championing industry best practices. We look forward to finding new ways to do so in the coming year!

Learn more about the awards and see the full list here: https://www.bluwave.net/awards/

Palo Alto, CA – Altamont Capital Partners today announced the promotion of Casey Shamma to Principal; Jun Liang to Principal; and Jordan Mallen to Vice President. These promotions recognize the crucial role these team members played in upholding and elevating the firm’s mission and values in today’s rapidly evolving landscape.   

“Casey, Jun, and Jordan embody the firm’s culture of teamwork, transparency, integrity, and passion for results,” said Altamont Co-Founder & Managing Director Jesse Rogers. “We’re grateful for the dedication of these talented team members, and we’re excited to see their continued success at Altamont.”

Altamont Capital Partners is proud to announce that we have been selected by GCI Publishing as a 2023 Top 50 PE Firm in the Middle Market. The award recognizes small and mid-sized private equity firms in the middle market with great teams and exceptional track records.

We are exceptionally proud to be recognized for our strong leadership, winning culture, and commitment to our partners, and are excited for our continued work together to build long-term success.

Learn more and see the full list of honorees here: https://gcipublishing.com/top-50-pe-firms

Sale of Leading Wastewater Services Platform Marks Altamont’s Third Successful Exit This Year

Palo Alto, CA – Altamont Capital Partners (Altamont) today announced the sale of Duke’s Root Control Inc. (Duke’s), a leading sanitary sewer root control and maintenance services platform, to private equity fund Comvest Partners, marking yet another successful exit this year.

In 2018, Altamont invested in Duke’s via the firm’s specialty chemicals platform, Douglas Products. Duke’s, a previously founder-owned business, has operated independently as a division within Douglas. The company specializes in environmentally friendly products that help maintain municipal wastewater and sewer systems while reducing maintenance and construction costs for municipalities. Altamont has worked closely with the Duke’s team and has recruited key leaders as the Company has nearly doubled EBITDA over the course of the partnership. The growth was driven both organically and through acquisitions of four complementary businesses since 2018.

Evercore acted as a financial advisor and Ropes & Gray LLP served as a legal advisor to Altamont. Raymond James acted as a financial advisor and Akerman LLP served as a legal advisor to Comvest.

“We have been proud to partner with Duke’s to help drive their growth and position the company for long-term success as a provider of innovative, industry-leading environmental and infrastructure services,” said Altamont Capital Partners Managing Director Randall Eason. “We strive to make long-term investments with founder-owned companies like Duke’s, especially when sustainability is at the core of their mission. We are proud to mark this sale of Duke’s as another success story in our infrastructure services and environmental services portfolio and look forward to the company’s continued success in its partnership with Comvest Partners.”

“Our partnership with Altamont has allowed us to strengthen existing service offerings and position the company strategically for long-term growth,” said Duke’s CEO Matt Fishbune. “We are especially grateful for Altamont in their support for us to focus on both organic and inorganic growth, ensuring our root control and sewer services remain highly trusted by our clients. We look forward to continuing this critical work with Comvest Partners.”

About Duke’s Root Control, Inc.

Duke’s is a leading, national sanitary sewer root control and maintenance services platform, having been in the sewer business for over 80 years, and 40 plus years doing chemical root control. Today, Duke’s continues to build on its innovative culture with a range of expanded technology solutions that transition clients’ operations and maintenance programs from reactive to proactive by identifying and pinpointing potential critical defects, and ultimately prolonging the life of existing infrastructure assets.

About Altamont Capital Partners

Altamont Capital Partners is a private investment firm based in the San Francisco Bay Area with more than $4.5 billion of assets under management. Altamont is focused on investing in middle market businesses where it can partner with leading management teams to help its portfolio companies reach their full potential.

Altamont Capital Partners is very pleased to announce that we have been selected by Mergers and Acquisitions – themiddlemarket.com as one of the 2022 PE Workplace Pioneers. This award recognizes PE firms who demonstrate leadership and innovation in transforming their workplaces cultures, policies and environments to acknowledge the changing demands in a post-pandemic world.

Altamont’s success is due to the hard work of our team, and we’re proud to cultivate a positive workplace environment that supports employees personally and professionally. We look forward to building upon these efforts and continuing to advance ESG and DEI in the workplace.

Learn more: https://www.themiddlemarket.com/uncategorized/mergers-acquisitions-introduces-the-2022-pe-workplace-pioneers

Altamont Capital Partners is proud to announce that we have been named to Inc. Magazine’s 2022 List of Founder Friendly Investors. The annual honor highlights the private equity and venture capital firms with the best track records of success backing entrepreneurs and supporting the business they invest in.

Since our founding, we have been truly honored to partner with such dedicated and focused entrepreneurs. Working directly with these founders to meet our shared goals is exceptionally rewarding, and we are proud of the strong, sustained relationships we have built and of the success we have created together.

Learn more and check out the full list: https://www.inc.com/magazine/202210/graham-winfrey/founder-friendly-investors-2022.html

SPG Expands Capabilities and Reach in ProtecPac Division With Addition of West Coast Molded Pulp Product Manufacturer

San Diego – Specialized Packaging Group (SPG), a leading, vertically integrated provider of protective packaging products, announced today that the company has acquired San Diego, California-based Pacific Pulp Molding, Inc. (Pacific Pulp). Pacific Pulp is a leading manufacturer of molded pulp and molded fiber products – packaging made from recycled material, such as paperboard or newsprint – for applications across a diverse array of end markets and a nationwide customer base.

SPG, one of the largest independent protective packaging manufacturers in North America, is a portfolio company of Altamont Capital Partners. The acquisition will enhance SPG’s existing capability set in its ProtecPac division, expanding the company’s product offerings and geographic reach while adding approximately 50 employees to its 1,600-person workforce. Pacific Pulp leadership and the company’s full workforce will continue to operate in their current locations in San Diego and Tijuana, Mexico.

“The addition of Pacific Pulp to our ProtecPac division means we will be adding world-class molded pulp and molded fiber capabilities to an operation that is already an industry leader. Pacific Pulp has been the go-to provider of molded pulp solutions for almost 30 years,” said SPG CEO Paul Budsworth. “We are excited to strengthen our presence in the growing sustainable packaging market, allowing us to better serve our customers. We are looking forward to bringing the Pacific Pulp team fully on board and integrating them into a footprint that extends across North America and provides high-quality products to a diverse customer base.”

“Over the last several years, Pacific Pulp has grown by focusing on highly engineered molded pulp and molded fiber solutions geared towards adding more sustainable packaging products to our customers’ global supply chains,” said Pacific Pulp President John McNeil. “With SPG, we have found a partner that shares our vision and has the resources to accelerate our growth plans in new and existing markets. The Pacific Pulp team is thrilled to join SPG, and we look forward to taking our combined business to the next level.”

About Specialized Packaging Group
Specialized Packaging Group, Inc. is a vertically integrated provider of protective packaging products and one of the largest independent manufacturers of protective packaging in North America. The company operates under three divisions: ProtecPac, IVEX, and Packaging Concepts & Design (PC&D). ProtecPac designs and manufactures customized packaging solutions at ten facilities in the U.S. and Mexico, IVEX manufactures a range of packaging materials at six facilities across the U.S., Canada and Mexico, and PC&D is a leader in the design and delivery of highly engineered packaging products and solutions. For more information, visit https://spg-ges.com/.

About Pacific Pulp Molding, Inc.
Pacific Pulp Molding, Inc. is a leader in the design and manufacturing of highly engineered molded pulp and molded fiber packaging products and solutions. Founded in 1998, Pacific Pulp provides molded fiber and molded pulp packaging to companies located throughout North America. Its innovative approach to packaging provides customers with a sustainable, biodegradable solution throughout their supply chains. For more information, visit http://pacificpulp.com/

About Altamont Capital Partners
Altamont Capital Partners is a private investment firm based in the San Francisco Bay Area with more than $4.5 billion of assets under management. Altamont is focused on investing in middle market businesses where it can partner with leading management teams to help its portfolio companies reach their full potential. The firm’s principals have significant experience building business success stories across a range of industries, including consumer, restaurants and multi-unit, financial services, healthcare, industrials, and business services. For more information, visit www.altamontcapital.com.

Houston – Bishop Lifting Products, a portfolio company of Altamont Capital Partners, announced today the completed acquisition of Westech Rigging Supply, with locations in Eugene and Salem, OR. Founded in 1956, Westech has been family owned and operated by the Anderson family, serving customers throughout Oregon with an online presence that serves customers across the country. Following the closing, current Westech owner Nick Anderson will assume a leadership role at Bishop Lifting Products.

Westech marks Bishop’s tenth acquisition since 2012 and is part of Bishop’s ongoing strategy to become the country’s leading provider of lifting products and services. Including Westech, Bishop provides the scale and footprint of 30 locations across the country.

“We’re excited to continue our growth through acquisition as we reach the milestone of 30 locations to serve our customers,” said Harold King, President of Bishop Lifting Products. “Westech expands on our service of the logging, utility, and related industries in the Northwest. We look forward to working with Nick and the Westech team as we continue to build out our national footprint to serve customers locally with our deep industry knowledge while providing our high-quality products to customers throughout the country via our online platforms.”

“We are excited to join Bishop to continue the work that my family has been doing for more than 65 years,” said Nick Anderson of Westech and newly appointed Director of Ecommerce for Bishop Lifting. “Bishop provides the reach to best serve our nationwide online customer base while also expanding our product and service offerings locally.”

About Bishop Lifting Products, Inc.
Founded in 1984, Bishop Lifting Products, Inc. (BLP) is one of the largest providers of wire rope, slings, rigging, and related products in the United States. Bishop’s dedicated employees help leading companies across all industries solve their lifting and industrial needs. With 30 branches located strategically across the country, customers have the advantage of accessing Bishop’s large breadth of products from any location. In addition to Bishop, the BLP family of brands includes Delta Rigging and Tools, Morgan City Rentals, Matex, Woods Logging, American Wire Rope and Sling, Western Sling, Louisiana Crane, All-Lifts, and Silver State.

About Altamont Capital Partners
Altamont Capital Partners is a private investment firm based in the San Francisco Bay Area with more than $4.5 billion of assets under management. Altamont is focused on investing in middle market businesses where it can partner with leading management teams to help its portfolio companies reach their full potential.

Houston – Bishop Lifting Products, a portfolio company of Altamont Capital Partners, announced today the completed acquisition of Silver State Wire Rope and Rigging, headquartered in Las Vegas, NV. Silver State was founded in 1991 with an initial focus on the mining, industrial, and construction sectors. Since then, the company has expanded to also become a leading supplier of rigging and safety critical equipment for the entertainment industry.

Silver State marks Bishop’s ninth acquisition since 2012 and is part of Bishop’s ongoing strategy to become the country’s leading provider of lifting products and services. Through scale and an expanding geographic scope, Bishop will be able to deliver even greater service and lifting solutions to customers. Including Silver State, Bishop has 28 locations across the country offering a full line of lifting products and services. Following the closing, Pete Rogers will continue in his leadership role as General Manager over Silver State with Andrew Rogers serving as Operations Manager.

“We’re excited to continue our growth through acquisitions under our partnership with Altamont Capital,” said Harold King, President of Bishop Lifting Products. “Silver State has built a reputation as a trusted partner to mining and entertainment customers in Nevada and across the nation. We look forward to working with Pete, Andrew, and the Silver State team as we continue to build out our national footprint while remaining focused on high quality products and customer service.”

“Silver State is a business that has focused on the development, and at times, customization of our offerings as we serve the current and developing needs of our markets,” said Pete Rogers of Silver State. “I am personally very excited about working with the Bishop team as their national reach and breadth of products and services will further strengthen our ability to serve our markets and customers.”

About Bishop Lifting Products, Inc.
Founded in 1984, Bishop Lifting Products, Inc. (BLP) is one of the largest providers of wire rope, slings, rigging, and related products in the United States. Bishop’s dedicated employees help leading companies across all industries solve their lifting and industrial needs. With over 25 branches located strategically across the country, customers have the advantage of accessing Bishop’s large breadth of products from any location. In addition to Bishop, the BLP family of brands includes Delta Rigging and Tools, Morgan City Rentals, Matex, Woods Logging, American Wire Rope and Sling, Western Sling, Louisiana Crane, and All-Lifts.

About Altamont Capital Partners
Altamont Capital Partners is a private investment firm based in the San Francisco Bay Area with more than $4.5 billion of assets under management. Altamont is focused on investing in middle market businesses where it can partner with leading management teams to help its portfolio companies reach their full potential.

Altamont Capital Partners is pleased to announce that we have been selected as one of GrowthCap’s Top 25 Private Equity Firms of 2022. GrowthCap recognizes firms for their ability to enact transformational sustained business expansion, prescient investment selection, transcendent firm cultures and networks, and more.

Learn more and see the full list of recipients: https://growthcapadvisory.com/the-top-25-private-equity-firms-of-2022/

Palo Alto, CA – Altamont Capital Partners (Altamont) today announced an equity investment in Nutrition 101, Inc. (“101 Inc.” or “101”), a leading provider of eco-friendly, waste management services for food processors and retailers. Founded by Ross Peter, and owned and operated by the Peter family for more than 30 years, 101 Inc. has become a go-to partner for regional, national, and global food manufacturers seeking end-to-end waste management solutions that reflect their own sustainability goals. 101’s service offering involves the repurposing of food residuals from manufacturers and retailers into nutritious livestock feed, compost, and green energy products like bio-gas – reducing waste, landfill usage, and greenhouse gas emissions. Altamont’s investment will allow 101 to continue providing best-in-class service, reach new customers, and expand its geographic footprint.

“101 is a pioneer in responsible waste management, and the company’s relentless focus on service, sustainability, and investment in people is well-aligned with the principles that guide Altamont as a firm and the partnerships we pursue,” said Wande Olabisi, Principal at Altamont.

Casey Lynch, Managing Director at Altamont added: “We are thrilled to partner with the 101 team to strengthen their position as a leading provider of innovative solutions for the food processing lifecycle.”

The company currently operates three state-of-the-art facilities, allowing it to efficiently support customers and strong demand across the Unites States. 101’s CEO, Cory Peter, will continue in that role following Altamont’s investment.

“We pride ourselves in not only creating value for food processors, retailers, and livestock producers, but in taking a proactive approach to protecting the environment,” Cory Peter said. “The partnership with Altamont will allow us to continue delivering high-quality products and services to our customers while expanding our reach to new markets. We’re excited by this partnership and look forward to what’s ahead.”

Terms of the transaction were not disclosed. Brown Gibbons Lang & Company acted as exclusive financial advisor while Ropes & Gray and Morrison & Foerster served as legal counsel to Altamont on the transaction. Mesirow acted as exclusive financial advisor and Dentons Bingham Greenebaum served as legal counsel to 101 Inc. Financing for the transaction was provided by Churchill Asset Management and Maranon Capital.

About Altamont Capital Partners
Altamont Capital Partners is a private investment firm based in the San Francisco Bay Area with more than $4.5 billion of assets under management. Altamont is focused on investing in middle-market businesses where it can partner with leading management teams to reach their full potential. The firm’s principals have significant experience building business success stories across a range of industries, including business services, financial services, healthcare, consumer/retail, and industrials.

About Nutrition 101, Inc.
101 Inc. is a private food waste and recycling company headquartered in Pendleton, Indiana. The company develops custom programs for food manufacturers to proactively manage residuals from their process, maximize opportunities for recovery and upcycling, and develop high quality feeds for end users to create long term solutions for waste reduction and reuse.

Palo Alto, CA – Altamont Capital Management, L.P is pleased to announce that it has become a signatory to the Institutional Limited Partners Association’s (ILPA) Diversity in Action initiative. Through its participation, Altamont reaffirms its commitment to advancing diversity, equity, and inclusion in the private equity industry.

“At Altamont, we believe that DEI and our core values are inextricably linked,” said Kristin Johnson, Managing Director at Altamont. “We are very proud to be a signatory of ILPA’s Diversity in Action Initiative and of our continued dedication to advance diversity and inclusion in our firm, across our portfolio, and in our communities.”

The Diversity in Action initiative’s goal is to motivate market participants to engage in the journey to become more diverse and inclusive and to build momentum around the adoption of specific actions that advance DEI over time. Signatories undertake essential DEI actions that span talent management, investment management and industry engagement.

Altamont joins the list of ILPA signatories four months after joining Ownership Works, a nonprofit with a mission to increase prosperity through shared ownership at work, as a founding partner. Altamont is also a signatory of the United Nations’ Principles for Responsible Investment (UNPRI), a global network of investors committed to advancing ESG principles to develop a more sustainable global financial system.

Altamont looks forward to working with ILPA, its industry peers, and partner companies as the firm continues to integrate DEI into its investment activities and organizational practices through its constant refinement and enhancement of its approach.

About Altamont Capital Partners

Altamont Capital Partners is a private investment firm based in the San Francisco Bay Area with more than $4.5 billion of assets under management. Altamont is focused on investing in middle-market businesses where it can partner with leading management teams to reach their full potential. The firm’s principals have significant experience building business success stories across a range of industries, including financial services, healthcare, business services, consumer/retail, and industrials.

About ILPA

With more than 590 member institutions representing over 2 trillion USD of private equity assets under management, the Institutional Limited Partners Association (ILPA) is the only global organization dedicated exclusively to advancing the interests of LPs and their beneficiaries. Our members include public and private pensions, insurers, endowments and foundations, family offices, development finance institutions, and sovereign wealth funds. Our policy agenda is focused on strengthening the private equity asset class through strong governance, alignment of interests, and transparency.

Fox Racing Employees to Receive Bonus Upon Finalization of Sale to Vista Outdoor

Palo Alto, CA – After eight years of partnership with Fox Racing, Altamont Capital Partners (Altamont) has exited its investment with a sale of the company to Vista Outdoor. As part of that transaction, Altamont and Fox Racing announced a broad-based employee bonus program providing payments to Fox Racing employees upon the completion of the company’s sale. Qualifying employees will receive bonuses in recognition of their role in building the company into one of the world’s leading outdoor brands.

“The success of Altamont’s partnership with Fox Racing is a testament to the hard work of their leadership and employees in building a strong business and an iconic brand,” said Altamont Capital Partners Co-Founder and Managing Director Keoni Schwartz. “Fox Racing employees are a significant reason why the company is not only in a strong position today but poised for future growth. Altamont is proud to partner with Fox Racing to support a broad-based bonus program that rewards employees for their role in making the company a success story.”

Altamont Capital Partners originally invested in Fox Racing via majority recapitalization in 2014. Fox Racing grew net sales by a compound annual growth rate of approximately 20 percent from calendar year 2019 to 2021 and is expected to exceed that number this year. Through its partnership with Altamont, Fox Racing’s projected revenue will reach approximately $350 million in calendar year 2022.

“We believe in sharing success because at its core, Fox is a family business,” said Fox Racing CEO Jeff McGuane. “Our team has tirelessly built, shaped, and preserved the legacy of Fox Racing and put us in a great position for the future. We’re grateful for all our employees have done to make Fox Racing a success and we’re proud to partner with Altamont to ensure they’re rewarded for all their hard work.”

Altamont is a founding partner of Ownership Works, a nonprofit dedicated to developing broad-based employee ownership programs to create better work environments and financial opportunities for employees, and to help businesses improve their performance by attracting and retaining engaged employees who are invested in their company’s success. As part of its partnership with Ownership Works, Altamont will continue working with its partner companies to build upon existing efforts and implement shared ownership more broadly in its portfolio.

About Altamont Capital Partners 
Altamont Capital Partners is a private investment firm based in the San Francisco Bay Area with more than $4.5 billion of assets under management. Altamont is focused on investing in middle-market businesses where it can partner with leading management teams to reach their full potential. The firm’s principals have significant experience building business success stories across a range of industries, including financial services, healthcare, business services, consumer/retail, and industrials.

About Fox Racing 
Since 1974, when Geoff Fox first introduced the world to our iconic logo, Fox Racing has been all about family. Not just in name—a legacy that continues to this day—but the idea of celebrating and sharing the passion of life on two wheels with the world. This is what drives us, inspires us, and keeps us close. Because “skulk” is more than just a word for a family of foxes—it’s the adventure, the fidelity of friends, and everything that happens along the way.

Houston, TX – Bishop Lifting Products, a portfolio company of Altamont Capital Partners, announced today the completed acquisition of All-Lifts, Inc., headquartered in Albany, New York. All-Lifts was founded in 1966 and has been owned and operated by the Dewey family since 1978. Since then, the company has grown into a leading fabricator of wire rope slings, synthetic slings, alloy chain slings, and below-the-hook lifting devices. Following the closing, Brian Dewey will assume a leadership role at Bishop Lifting Products.

All-Lifts marks Bishop’s eighth acquisition since 2012 as part of Bishop’s ongoing strategy to build the company into the country’s leading provider of lifting products and services. Through scale and an expanding geographic footprint, Bishop will be able to deliver even greater service and lifting solutions to customers. Including All-Lifts, Bishop has 26 locations across the country offering a full line of lifting products and services. All-Lifts will continue to operate with its full workforce. 

“We’re excited about our first acquisition with our new partner Altamont Capital and to continue our successful strategy of building Bishop through acquisitions and sound business strategies,” said Harold King, President of Bishop Lifting Products. “All-Lifts has a rich history as a family-owned and -operated business and we are proud to welcome Brian Dewey into the Bishop Lifting family, working with him to continue his family’s legacy and leaning on him and his team to help fuel the growth of our combined platform. All-Lifts will be a great addition to our footprint in New York and the Northeast as we continue to build out our national footprint and continue our focus on high quality products and customer service.”

“All-Lifts is a family business at its core and we are excited to join Bishop to continue the work we’ve been doing for decades,” said Brian Dewey of All-Lifts and newly appointed Northeast Regional Vice President for Bishop Lifting. “Bishop is a great home for All-Lifts and we are confident that they will be a great steward of our family’s legacy. We will be even stronger as part of the Bishop team and look forward to accessing their national reach and broad set of products and services to better serve our current customers and add new customers.”

About Bishop Lifting Products, Inc.

Founded in 1984, Bishop Lifting Products, Inc. (BLP) is one of the largest providers of wire rope, slings, rigging, and related products in the United States. Bishop’s dedicated employees help leading companies across all industries solve their lifting and industrial needs. With over 25 branches located strategically across the country, customers have the advantage of accessing Bishop’s large breadth of products from any location. In addition to Bishop, the BLP family of brands includes Delta Rigging and Tools, Morgan City Rentals, Matex, Woods Logging, American Wire Rope and Sling, Western Sling, and Louisiana Crane.

About Altamont Capital Partners

Altamont Capital Partners is a private investment firm based in the San Francisco Bay Area with more than $4.5 billion of assets under management. Altamont is focused on investing in middle market businesses where it can partner with leading management teams to help its portfolio companies reach their full potential.

Palo Alto, CA – Altamont Capital Partners announced today that it has entered into a definitive agreement to sell Fox Racing, a leading global performance motocross, mountain bike and lifestyle gear brand, to Vista Outdoor Inc. (NYSE: VSTO). Altamont originally invested in Fox via majority recapitalization in 2014.

“Altamont has been proud to partner with the Fox Racing team to build upon the legacy and leadership of the brand,” said Altamont Capital Partners Co-Founder and Managing Director Keoni Schwartz. “Altamont believes in making purposeful, long-term investments that allow us to build strong businesses through collaborative work with our partners. We are grateful for the leadership of CEO Jeff McGuane and all the efforts of the entire Fox Racing family. We are proud of what we accomplished together over the course of our partnership.”

Kabir Mundkur, a Principal at Altamont, added, “Fox Racing has long been recognized as an iconic outdoor brand. We saw an opportunity to support continued innovation, invest in strategic distribution and enhance brand engagement. We are confident that Fox Racing is well positioned for continued success in this next chapter of growth.”

“Our partnership with Altamont has been crucial in strengthening our brand, driving growth, and building on a successful legacy that dates back to 1974,” said Fox Racing CEO Jeff McGuane. “Altamont has been a great partner supporting our business and our employees and has put us in a position for continued success going forward. We’re grateful to Altamont for their support and excited for the future as part of the Vista Outdoor family.”

Through its partnership with Altamont, Fox Racing’s projected revenue will reach approximately $350 million in calendar year 2022. Fox Racing grew net sales by a compound annual growth rate of approximately 20 percent from calendar year 2019 to 2021 and is expected to exceed that number this year. The terms of the sale were disclosed at $540 million with an additional $50 million in potential earnout. The transaction is expected to close in the third quarter of calendar year 2022.

Robert W. Baird & Co. acted as financial advisor and Ropes & Gray provided legal advice to Fox Racing and Altamont Capital Partners on the transaction. Morgan Stanley & Co. LLC served as financial advisor and Reed Smith LLP served as legal advisor to Vista Outdoor in connection with the transaction.

About Altamont Capital Partners

Altamont Capital Partners is a private investment firm based in the San Francisco Bay Area with more than $4.5 billion of assets under management. Altamont is focused on investing in middle-market businesses where it can partner with leading management teams to help its portfolio companies reach their full potential. The firm’s principals have significant experience building business success stories across a range of industries, including financial services, healthcare, business services, consumer/retail, and industrials.

About Fox Racing

Since 1974, when Geoff Fox first introduced the world to our iconic logo, Fox Racing has been all about family. Not just in name—a legacy that continues to this day—but the idea of celebrating and sharing the passion of life on two wheels with the world. This is what drives us, inspires us, and keeps us close. Because “skulk” is more than just a word for a family of foxes—it’s the adventure, the fidelity of friends, and everything that happens along the way.

About Vista Outdoor Inc.

Vista Outdoor (NYSE: VSTO) is the parent company of more than three dozen renowned brands that design, manufacture and market sporting and outdoor products. We serve a broad and diverse range of consumers around the globe, including outdoor enthusiasts, golfers, cyclists, backyard grillers, campers, hunters, recreational shooters, athletes, as well as law enforcement and military professionals. Our reporting segments, Outdoor Products and Sporting Products, provide these consumers with a wide range of performance-driven, high-quality and innovative outdoor and sporting products. Our operating model leverages shared resources across brands to achieve levels of excellence and performance that would be out of reach for any one brand on its own. Brands include Remington Ammunition, Bushnell, CamelBak, Bushnell Golf, Foresight Sports, Fiber Energy Products, Bell Helmets, Camp Chef, Giro, QuietKat, Stone Glacier, Federal Ammunition and more. Vista Outdoor products are sold at leading retailers and distributors across North America and worldwide. For news and information, visit our website at www.vistaoutdoor.com.

Palo Alto, CA – After six years of partnership with Excel Fitness, Altamont Capital Partners (Altamont) has exited its investment with a sale of the company to Olympus Partners. As part of that transaction, completed last month, Excel’s management team and founders, along with Altamont, established a bonus pool that provided every employee at the company – more than 1,500 individuals – with a payment at closing, in recognition of their contributions.

“We are proud of what we have accomplished with the Excel Fitness team throughout our partnership and we are thrilled that every one of our dedicated team members participated in this exciting event,” said Altamont Managing Director Kevin Mason. “Excel Fitness has seen tremendous success in recent years, building upon its proven history of operational excellence and industry-leading member service. Excel wouldn’t be where it is today without the hard work and commitment of its team members, and we are confident that because of them the company is well-positioned for continued growth.”

Altamont acquired the Planet Fitness franchisee business in 2016, building on its prior multi-unit consumer investing experience, including with Tacala, the largest Taco Bell franchisee in the country. At the time, Excel Fitness operated 18 Planet Fitness locations in Austin and Dallas. Today, Excel operates 90 locations across Texas, Oklahoma, Arkansas, Missouri, North Carolina, and Virginia and was named the 2019 Franchisee of the Year by Planet Fitness.

“We have always prioritized delivering value to both our club members and our employees,” said Excel Fitness CEO CJ Bouchard. “We have had a fantastic run these past six years and are looking forward to embarking on this next chapter as we continue expanding our business and providing world-class experiences for our members.”

“Our partnership with Excel Fitness fueled tremendous growth thanks to great leadership and great employees,” added Altamont Managing Director Casey Lynch. “The organization fully embodies its core values of integrity, dedication, and team culture and that commitment to core values really enabled the company’s success.”

Altamont is a founding partner of Ownership Works, a new nonprofit dedicated to developing broad-based employee ownership programs to create better work environments and financial opportunities for employees, and to help businesses improve their performance by attracting and retaining engaged employees who are invested in their company’s success. As part of its partnership with Ownership Works, Altamont will continue working with its partner companies to build upon existing efforts and implement shared ownership more broadly in its portfolio.

Terms of the transaction were not disclosed. Harris Williams acted as financial advisor, and Ropes & Gray and Lathrop GPM served as legal counsel to Excel Fitness on the transaction. Fifth Third Bank acted as advisor to management.

About Excel Fitness Holdings, Inc.  

Excel Fitness Holdings, Inc. is a leading Planet Fitness franchise group based in the Austin area with over 90 locations across Texas, Oklahoma, Arkansas, Missouri, North Carolina, and Virginia. Excel Fitness has built a team culture that focuses on elevating the member experience by developing exceptional health clubs and delivering world-class customer service. The team is passionate about building communities through fitness and supporting their local markets through employment and memberships opportunities that positively impact lives.

About Altamont Capital Partners

Altamont Capital Partners is a private investment firm based in the San Francisco Bay Area with more than $4.5 billion of assets under management. Altamont is focused on investing in middle-market businesses where it can partner with leading management teams to help its portfolio companies reach their full potential. The firm’s principals have significant experience building business success stories across a range of industries, including financial services, healthcare, business services, consumer/retail, and industrials.

Investment Furthers Altamont’s Multi-Unit Consumer Sector Leadership

Palo Alto, CA – Altamont Capital Partners (“Altamont”) today announced the acquisition of Service Minds, a leading provider of electrical, plumbing and HVAC services based in Sarasota, Florida. Owned and operated by David Connolly since 2014, Service Minds has been a leading franchisee in the Mister Sparky system since its inception and today also operates in the One Hour Heating & AC and Benjamin Franklin Plumbing systems, servicing the Southeastern United States across all three trades.

The Service Minds transaction represents Altamont’s most recent multi-unit franchisee investment, following its successful investments in Tacala and Excel Fitness, leading franchisees in the Taco Bell and Planet Fitness systems, respectively. Similar to the approach with those investments, Altamont plans to invest heavily in the Service Minds team and infrastructure to drive growth and further build upon the company’s reputation for operational excellence.

“Service Minds holds great potential for growth thanks to a strong business model that provides critical services, delivers industry leading customer service, has developed best-in-class training and apprenticeship programs, and offers exciting career development opportunities for its team members,” said Kevin Mason, Managing Director of Altamont. “David built an impressive playbook and strong team that allow us to now scale the business to additional branches and service offerings. We could not be more excited to have an opportunity to partner with this team and leverage our experience driving growth through infrastructure investment, team member recruitment and retention, organic sales drivers, and mergers and acquisitions within franchise systems.”

At the time of acquisition, Service Minds was the largest franchisee of the Mister Sparky brand, a leading provider of residential electrical services. In conjunction with the investment by Altamont, Service Minds acquired multiple franchisees operating under the One Hour Heating & AC and Benjamin Franklin Plumbing brands. Along with Mister Sparky, both brands operate under the Authority Brands portfolio of home services businesses. The transaction creates one of the largest providers of residential services across the electrical, heating and cooling, and plumbing trades in the Southeastern United States. Service Minds currently operates over 20 locations across Florida and Alabama.

Going forward, David Connolly will remain a shareholder and serve as Executive Chairman of the board of directors. Service Minds has also already added a number of seasoned senior leaders to the business to support business scaling, including CEO Brannan Lahoda, who formerly served as Senior Vice President of Operations at Driven Brands, and CFO Magda Farren, who served as CFO at W.S. Badcock Corporation and Colorado Boxed Beef Company, a prior Altamont Capital portfolio company. David Cox joined the company as Chief Growth Officer, having previously been CEO of About Time Management, a One Hour Heating & AC and Benjamin Franklin Plumbing franchisee acquired by Service Minds.

“The leaders we’ve brought in, along with continued guidance from David Connolly, will make a strong company even stronger,” Randall Eason, Managing Director of Altamont said. “Service Minds has always provided best-in-class training, mentorship, company culture, and incentives for its talented team members and we endeavor to continue that tradition.”

“I’m pleased to be working with such a talented team as we work to make Service Minds the employer of choice for industry professionals across the electric, HVAC, and plumbing trades,” Lahoda added. “Going forward, we’re focused first and foremost on delivering the absolute best customer service and employee experience and we plan to bring our services to more branches, more states across the southeast, and more residential service lines.”

Terms of the transaction were not disclosed. Boxwood Partners acted as exclusive financial advisor, and Ropes & Gray and Morrison & Foerster served as legal counsels, to Altamont on the transaction. Truist Securities acted as exclusive financial advisor, and Shumaker, Loop and Kendrick, LLP served as legal counsel, to Service Minds. Financing for the transaction was provided by Varagon Capital Partners, L.P., Stellus Capital Management, LLC, and Principal Alternative Credit.

About Service Minds

Service Minds is headquartered in Sarasota, Florida, where it was founded in 2007 as a single Mister Sparky location. The company grew from one Mister Sparky branch in 2014 to 13 branches by April 2022 before acquiring multiple franchisees in the One Hour Heating & AC and Benjamin Franklin Plumbing systems. Service Minds currently operates over 20 locations across Florida and Alabama, currently servicing brands in the Authority Brands system, a leading home service franchisor.

About Altamont Capital Partners

Altamont Capital Partners is a private investment firm based in the San Francisco Bay Area with more than $4.5 billion of assets under management. Altamont is focused on investing in middle market businesses where it can partner with leading management teams to help its portfolio companies reach their full potential. The firm’s principals have significant experience building business success stories across a range of industries, including healthcare, business services, financial services, consumer/retail, and industrials.

PALO ALTO, CA – Altamont Capital Partners today announced that the firm has acquired a majority stake and made a $150M growth capital commitment to Fleming Holdings (“Fleming”). The partnership will allow Fleming to grow into an all-encompassing capital solutions provider to property and casualty (P&C) insurance companies.

Fleming is a P&C insurance capital solutions provider with a current focus on run-off and legacy reserve transactions. The company, run by Eric Haller, was founded by Fleming Corp, a private equity fund based in Greenwich, CT. Haller is a seasoned industry executive with experience working at XL, Athene, R&Q, and Safe Harbor Re. Fleming brings a unique level of sophistication and creativity to its specific market segment, focusing on smaller or more complicated transactions that are not typically the priority of legacy insurers.

“This investment will help accelerate Fleming’s growth with a focus on innovation in the secondary market for insurance liabilities,” said Stephen Minor, Founder, and CEO of Fleming Corp. “Altamont’s experience and expertise in the financial services and insurance industries make them a great partner for our long-term growth.”

“Our partnership with Fleming is the first step in a long-term plan to become a best-in-class capital solutions provider to the P&C industry,” added Altamont Managing Director Sam Gaynor. “There is a tremendous amount of value we can add through taking a sophisticated and tailored approach to insurance capital management, and we look forward to rolling our solutions out to the market.”

Joe Zuk, an Operating Partner with Altamont, added, “Across prospective and retrospective strategies, as well as insurance-linked investment solutions, we plan to further establish Fleming as specialists in helping clients find innovative ways to grow their returns on equity.”  

“We are proud to partner with Fleming and build on our record of success in backing proven teams who understand specific financial services markets and know how to deliver much-needed products to an underserved customer base,” said Altamont Managing Director Keoni Schwartz.  “As in similar investments, we anticipate realizing a number of mutually-beneficial opportunities for partnership with our other portfolio companies.”

Altamont was advised on the transaction by RBC Capital Markets LLC as financial advisor and Sidley Austin LLP as legal counsel.

About Fleming Holdings

Fleming Holdings is a P&C insurance capital solutions business that includes a Bermuda-based class 3A reinsurance company. Fleming has built a track record of providing a full range of reinsurance structures and finality solutions for legacy liabilities, as well as liquidity and risk transfer alternatives to the middle market insurance  industry. Fleming and its management team have extensive experience working on capital strategies for insurance companies in the U.S., Bermuda, Cayman, the U.K., and European Union. www.flemingreinsurance.com

About Altamont Capital Partners

Altamont Capital Partners is a private investment firm based in the San Francisco Bay Area with more than $4.5 billion of assets under management. Altamont is focused on investing in middle-market businesses where it can partner with leading management teams to help its portfolio companies reach their full potential. The firm’s principals have significant experience building business success stories across a range of industries, including financial services, healthcare, business services, consumer/retail, and industrials.  Altamont has been an active investor in the insurance industry, with current investments in Accelerant Holdings, Kuvare Holdings, and Embark General, in addition to Fleming.  Altamont was formerly an investor in Celestite Holdings and McLarens Global. 

Ownership Works, a new nonprofit with a mission to increase prosperity through shared ownership at work, launched today with the support of 60 partners across the private, public and nonprofit sectors. Ownership Works will develop and help implement broad-based employee ownership programs to create better work environments and financial opportunities for employees, and to help businesses improve their performance by attracting and retaining engaged employees who are invested in their company’s success. This new movement is particularly timely as many Americans are leaving jobs to seek better pay, benefits and corporate cultures.

“Altamont Capital Partners is proud to be a founding partner of Ownership Works,” said Altamont Co-Founder and Managing Director Jesse Rogers. “We are believers in the power of employee ownership to energize the workforce and contribute to a healthy company culture that materially benefits both employees and businesses. We plan to continue working with our partner companies to implement shared ownership more broadly in our portfolio.”

Read more about Ownership Works and Altamont’s involvement and commitment as a founding partner in the full press release here.

Palo Alto, CA – BluWave, a private equity-focused B2B Intelligent Marketplace, announced that Altamont Capital Partners is a recipient of the inaugural 2022 Top 50 Private Equity Innovator Awards. The awards were created by BluWave to recognize select private equity firms for exemplary innovation and leadership. The BluWave 2022 Top 50 Private Equity Innovator Awards recognizes firms that represent the top 1% in the PE industry (as determined by BluWave) for innovative practices in due diligence, value creation, PE firm operations, and ESG.*

“Altamont is honored to be selected as one of BluWave’s top firms for this inaugural award,” said Altamont Capital Partners Co-Founder and Managing Director Jesse Rogers. “We pride ourselves not only in creating value for our partners and communities, but also actively seeking opportunities for improvement and innovation across the firm. We look forward to what the future holds as we continually refine our processes and let our passion for results lead our mission as a firm.”

The Top 50 Private Equity Innovator Award recipients were selected by BluWave based upon a rigorous assessment in consultation with leading limited partners, investment bankers, and other thought leaders in the private equity ecosystem. BluWave partners with more than 500 leading private equity firms and has a one-of-a-kind perspective that enables it to uniquely understand best practices and innovation in private equity. 

The private equity firms considered for this recognition were assessed across the following criteria:

• Proactive Due Diligence Practices
• Transformative Value Creation
• Progressive Private Equity Firm Operations
• ESG

“The private equity industry is rapidly evolving, and we applaud the award-winning firms for their leadership across the four areas measured to achieve new levels of business success,” says Sean Mooney, Founder and CEO, BluWave. “They are transforming the way private equity helps businesses grow and develop and deserve this well-earned recognition.” 

For further information on the BluWave 2022 Top 50 Private Equity Innovator Awards, including the selection process, selection criteria, and recipients, please visit https://www.bluwave.net/awards/.  

ABOUT ALTAMONT

Altamont Capital Partners is a private investment firm based in the San Francisco Bay Area with more than $4.0 billion of assets under management. Altamont is focused on investing in middle market businesses where it can partner with leading management teams to help its portfolio companies reach their full potential. The firm’s principals have significant experience building business success stories across a range of industries, including healthcare, business services, financial services, consumer/retail, and industrials.

ABOUT BLUWAVE

BluWave, LP is an innovative B2B Intelligent Marketplace that uses technology, data, and human ingenuity to connect more than 500 leading private equity firms and thousands of proactive businesses with best-in-class, pre-vetted, third parties for critical due diligence, value creation, and sale preparation needs. BluWave’s invitation-only Intelligent Marketplace includes private equity-grade service provider groups, independent consultants and interim executives. Visit www.BluWave.net for more information.

Palo Alto, CA – Altamont Capital Partners announced numerous promotions, recognizing the contributions of team members who have helped elevate the firm as a leader in the middle market. Pete Meyerdirk has been named Executive Director, Kabir Mundkur as Principal, Wande Olabisi as Principal, Pierce Coticchia as Director, and Anna Garsia as Vice President.

“Each of our team members provides invaluable contributions to our firm, the investments we make, and the businesses we are proud to call partners,” said Altamont Co-Founder & Managing Director Jesse Rogers. “We’re grateful for the dedication of these talented and hard-working individuals, and we’re excited for their contributions to both Altamont and our partner companies in the years ahead. Pete, Kabir, Wande, Pierce, and Anna all embody the culture of collaboration, integrity, transparency, and passion for results that we embrace as a firm.”

PALO ALTO, CA – Altamont Capital Partners (Altamont) today completed its acquisition of Houston-based Bishop Lifting Products, Inc. (BLP) – a market-leading, value-added distributor of lifting products and solutions – from SBP Holdings. The transaction encompasses the entire BLP business.

Altamont’s approach is to invest in companies with strong business models and great teams that have opportunities for tremendous growth. Altamont has extensive experience partnering with middle-market companies like BLP, supporting management and providing resources to enable them to grow and succeed.  

“We are thrilled to join with the BLP team to solidify their position as a leading value-add distributor of lifting and rigging products and position the company for near- and long-term success,” said Randall Eason, Managing Director at Altamont. “As a market leader with a strong core product and service offering, a track record of successfully integrating prior acquisitions, and a world-class team, the partnership between BLP and Altamont is a great fit.”

“We are excited by this partnership and look forward to working with Altamont to strengthen and grow our business,” said Harold King, CEO of BLP. “We are in a great position to build and improve upon the areas of our business that are already thriving as we continue to provide excellent service and products for all of BLP’s clients.”

As part of the transaction, King will continue as CEO of BLP going forward and BLP will retain all its current employees.

“The partnership between Altamont and BLP will allow us to build from the robust foundation that has already been laid by Harold and the rest of the team. We’re excited to support BLP’s current operations while also looking to grow stronger through adding new customers, end markets, and capabilities, including through the pursuit of strategic acquisitions,” added Chase Beeler, Principal at Altamont.

Jefferies, LLC acted as financial advisor to Altamont. PricewaterhouseCoopers, LLC served as accounting advisor to Altamont for the transaction and Ropes & Gray, LLC and Morrison & Foerster, LLC served as their legal advisors.

About Bishop Lifting Products, Inc.
Founded in 1984, Bishop Lifting Products, Inc. (BLP) is one of the largest providers of wire rope, slings, rigging, and related products in the United States. Bishop’s dedicated employees help leading companies across all industries solve their lifting and industrial needs. Presently, there are 26 strategic branches located across the country that allow customers to have the advantage of accessing Bishop’s large breadth of products from any location. In addition to Bishop, the BLP family of brands includes Delta Rigging and Tools, Morgan City Rentals, Matex, Woods Logging, American Wire Rope and Sling, Western Sling, and Louisiana Crane.

About Altamont Capital Partners
Altamont Capital Partners is a private investment firm based in the San Francisco Bay Area with more than $4.0 billion of assets under management. Altamont is focused on investing in middle market businesses where it can partner with leading management teams to help its portfolio companies reach their full potential. The firm’s principals have significant experience building business success stories across a range of industries, including consumer, restaurants & multi-unit, financial services, healthcare, industrials, and business services.

ATLANTA, GA – Accelerant, the insurtech empowering underwriters with superior risk exchange and data analytics coupled with long-term capacity commitments, today announced it has raised in excess of $190 million at a $2 billion pre-money valuation led by Eldridge, with participation from Deer Park, Marshall Wace, MS&AD Ventures, and others. Existing majority investor Altamont Capital Partners also participated in the round. Accelerant will deploy the capital to continue to rebuild the way that underwriters share and exchange risk to improve outcomes for program managers, primary issuing carriers, and ultimate risk-bearers.

“Aspects of the insurance industry have been broken for a long time,” said Jeff Radke, CEO and co-founder of Accelerant. “At Accelerant our approach is pretty simple — which is maybe what makes it a little radical: We’re bringing transparency, data, and shared incentives back into the equation, serving MGUs as important partners in the insurance ecosystem, and overall making it easier and more efficient to exchange risk. The approach is clearly resonating and successfully aligning incentives. I’m thrilled by this endorsement of our strategy and to have the opportunity to put this capital to work on behalf of our current and prospective Members in service of the industry at large. We look forward to working with new partners to apply our differentiated approach and technology to lines of insurance beyond SME within which we can have an equally significant impact.”

Historically, underwriting teams supporting complex or niche lines of business have lacked the modern solutions needed to facilitate their work, which has hindered their ability to get capacity and to properly understand and exchange risk. With a partner-first approach, Accelerant specializes in serving a carefully selected and managed network of managing general underwriters (MGU) and program administrators (PA) that it refers to as its Members.

Accelerant’s InSightFullTM data platform helps members better understand risk, benefit from insights, and handle operational and regulatory complexity. Together, Accelerant works with its Members to drive market-leading profitable growth, focusing on the small and medium-sized businesses that power our global economy and their niche insurance needs.

“The Accelerant team understands the challenges that MGUs and PAs face with conventional carriers, and they’ve built an offering to address those needs. With cutting-edge data and analytic capabilities, Accelerant’s platform eliminates bureaucracy to offer an experience that prioritizes velocity and collaboration,” said Todd Boehly, co-founder and CEO of Eldridge. “We’re excited to support Accelerant as they enter their next phase of growth and create value throughout the insurance ecosystem with their member-centric, collaborative approach.”

“Accelerant’s unique focus on data-driven collaboration has proven to be a winning strategy for its Member MGUs. This success is thanks in part to the depth and breadth of the team’s expertise, combining career knowledge of the entire insurance value chain with invaluable data science experience,” said Sam Gaynor, Managing Director at Altamont.

Keoni Schwartz, Managing Director at Altamont added further, “Accelerant is at the forefront of innovating beyond the legacy system, and we’re excited to continue to support Accelerant with an additional investment in this round, as we believe the momentum is only increasing.”

Financial Technology Partners (“FT Partners”) served as exclusive advisor to Accelerant and its Board of Directors and Sidley Austin LLP acted as legal counsel.

About Accelerant

Accelerant is a data-driven, technology-fueled insurance platform that empowers underwriters to more effectively serve their insureds. We’re using advanced data intelligence tools to rebuild the way that underwriters share and exchange risk. With a current focus on the small and medium-sized businesses that power our global economy and their niche insurance needs, we align incentives to improve outcomes for everyone. Our full-service risk exchange supports our carefully selected, best-in-class network of underwriting teams. We leverage granular information on each policy to deliver unprecedented insight into insurance pools, and our specialty portfolio is fully diversified with very low catastrophe, aggregation, or systemic risk. We’re proud to have been awarded an AM Best A- (Excellent) rating. For more information, please visit www.accelins.com.

About Eldridge

Eldridge invests in businesses across the Insurance, Asset Management, Technology, Mobility, Sports & Gaming, Media & Music, Real Estate, and Consumer landscapes. The firm seeks to build and grow businesses led by proven management teams that have demonstrated leadership and experience to scale an enterprise. Eldridge is headquartered in Greenwich, Connecticut, with additional offices in Beverly Hills, New York, and London. To learn more about Eldridge, please visit www.eldridge.com.

About Altamont Capital Partners

Altamont Capital Partners is a private investment firm based in the San Francisco Bay Area with more than $3.5 billion of assets under management. Altamont is focused on investing in middle market businesses where it can partner with leading management teams to help its portfolio companies reach their full potential. The firm’s principals have significant experience building business success stories across a range of industries, including healthcare, business services, financial services, consumer/retail, and industrials.

The Lynx Group medical communication capabilities and expert networks immediately augment and deepen Amplity’s global services

LANGHORNE, PA, and CRANBURY, NJ – Amplity Health, a leading global medical and commercial partner to biopharmaceutical companies, today announced that Amplity is merging with The Lynx Group (Lynx), an award-winning medical communications company specializing in oncology and complex drugs. The transformational combination of Amplity and Lynx creates a differentiated scale player that offers comprehensive medical and commercial solutions to clients and the patients they serve. The Lynx Group CEO, Brian F. Tyburski, has been appointed EVP, Sales and Operations of Amplity Health and will join the Amplity Board of Directors. Amplity is a portfolio company of Altamont Capital Partners.

This is the second transaction for Amplity in less than a month after adding Middleton Access, a pricing and market access consulting firm with a leading position in Federal Access.

Michael A. Griffith, Amplity President and CEO, commented, “Medical and commercial strategies for our biopharmaceutical clients have become highly specialized, and the new entry point for commercial conversations is when clinical, medical, and specialist professionals are framing the scientific narrative and the payer/patient value proposition. Lynx engages with a unique combination of oncology and complex drug experts to create proprietary medical communications, produce topical and relevant events with their association partners, and develop high-quality scientific messages and publications that shape drug development and launch. In the past 3 years alone, Lynx has participated in 80% of all successful oncology brand launches.”

Brian Tyburski, The Lynx Group President and CEO, said, “Lynx has grown organically since our launch in 2007 while looking for the right partner to accelerate our growth and capabilities. We found that the leadership of both Amplity and Altamont share our perspectives on the future of medical and commercial solutions. Taken together, our shared vision is to build proprietary data sets and insights that inform client decisions.”

“By joining Amplity, we can globalize our content and channels, bring forward new services built on the valuable ability to access Amplity’s deep medical knowledge base, and extend our scientific content and channels to the benefit of Amplity’s customers. We will accelerate investment in new technologies to better engage our proprietary expert networks, to sharpen digital content and channels, and to expand strategic and market access consultancy services. Importantly, the combination of our capabilities allows us to bundle and manage complex services that are purchased separately today.”

Terms of the investment were not disclosed. SVB Leerink acted as financial advisor and Ropes & Gray served as legal counsel to Amplity Health in the transaction. Cain Brothers served as exclusive financial advisor and Greenberg Traurig served as legal counsel to The Lynx Group.

About Amplity Health
The true partner of global healthcare companies, Amplity Health continually challenges the boundaries of medical and commercial strategies to accelerate the approval and launch of new drugs to improve the lives of patients. We are proud of our inclusive culture and our EPIIC values. Amplity has the expertise, global infrastructure, and data-driven insights to help clients overcome their medical and commercial challenges.

Amplity’s wide-ranging capabilities include clinical and medical outsourced teams; clinical and medical capability development; companion diagnostic and precision medicine solutions; medical communications; expert engagement; remote and field solutions for patients, payers, and physicians; and strategic and access consulting. Amplity’s one-of-a-kind Insights database offers clients a detailed view into patient–provider interactions and provider treatment rationale not found through any other provider.

Amplity Health is a portfolio company of Altamont Capital Partners.

For more information, visit amplity.com. Connect with Amplity on Twitter and LinkedIn.

About The Lynx Group

The Lynx Group (TLG) is a premier medical communications and education company acutely focused on oncology and rare disease states. TLG specializes in market access to and with advanced practice providers, patients, and their caregivers. With more than 100 years of combined senior leadership experience, TLG continually creates award-winning medical education and cultivates strong relationships within proprietary brands serving patients and their caregivers, physicians, payers, nurses, pharmacists, navigators, and practice managers. Currently, TLG partners with more than 50 of the top pharma and biotech companies globally. For more information, visit thelynxgroup.com.

About Altamont Capital Partners
Altamont Capital Partners is a private investment firm based in the San Francisco Bay Area with more than $3.5 billion of assets under management. Altamont is focused on investing in middle market businesses where it can partner with leading management teams to help its portfolio companies reach their full potential. The firm’s principals have significant experience building business success stories across a range of industries, including healthcare, business services, financial services, consumer/retail, and industrials.

SCOTTSDALE, AZ—Cornerstone Advisors announced today that the company has acquired Orlando, Florida-based Next Step, Inc., a professional services team providing technology consulting services to banks and credit unions. Cornerstone Advisors, a leading authority on driving revenue and profitability improvements for mid-size financial institutions and fintech firms, is a portfolio company of Altamont Capital Partners. 

Executives from the two companies jointly affirmed that the acquisition will accelerate the strategic expansion of the combined firms and enhance professional growth opportunities for all employees.  

“Both of our firms are motivated by a nationwide reputation for outstanding client service,” said Cornerstone Chief Executive Officer Scott Sommer, “and, like us, Next Step sees an opportunity to continue delivering the highest level of service by investing in people across the organization. Next Step’s complementary experience in core banking systems, implementations and contract negotiations adds additional depth to our ability to help banks and credit unions deliver competitive services to their customers.” 

“This partnership is a positive and exciting development for Next Step that will help us, as part of the Cornerstone team, provide maximum results and advantages for all of Next Step’s clients, employees, and contractors,” said Next Step Founder Peter Jeye. “Our long tradition of an entrepreneurial culture and our highly engaged team’s passion to improve the strategies, technologies, and operations of our clients will be strengthened by this arrangement and enable us to take an expanded portfolio of services to our clients.” 

Casey Lynch, Managing Director of Altamont, said: “We are happy to have Next Step’s highly respected team join Cornerstone and fortify their position as the premier consulting firm serving banks and credit unions. This partnership will allow Cornerstone to expand its already best-in-class capabilities.” 

Wande Olabisi, Vice President of Altamont, added: “The combination of the two firms will result in a stronger, more influential business in a demanding industry. Next Step’s experience and culture will complement Cornerstone’s market leadership and position the company for future growth.” 

About Cornerstone Advisors 

Cornerstone Advisors, a management and technology consulting firm, provides innovative insights and laser-focused strategic execution to help banks, credit unions, and financial technology firms reach the next level of performance. Cornerstone is a portfolio company of Altamont Capital Partners. 

About Next Step 

Next Step provides complete core, digital banking, and key ancillary system selection, contract negotiations, conversion management, and process improvement services for growing financial institutions. The company helps customer-focused banks and credit unions not only select the right system but also achieve the best vendor agreement, an outstanding conversion, immediate positive customer impact, and the greatest efficiency from the new technology. 

About Altamont Capital Partners 

Altamont Capital Partners is a private investment firm based in the San Francisco Bay Area with more than $3.5 billion of assets under management. Altamont is focused on investing in middle market businesses where it can partner with leading management teams to help its portfolio companies reach their full potential. The firm’s principals have significant experience building business success stories across a range of industries, including business services, financial services, healthcare, consumer/retail, and industrials. 

SPG Expands Capabilities and Reach in Engineered Packaging Division with addition of Packaging, Engineering, and Design Firm and Phoenix Manufacturer

Troy, MI and Phoenix, AZ – Specialized Packaging Group (SPG), a leading, vertically integrated provider of protective packaging products, announced today that the company has acquired both Troy, Michigan-based Packaging Concepts & Designs (PC&D) and Phoenix, Arizona-based Packaging Specialists, Inc. (PSI). PC&D and PSI had common ownership through private equity firm O2 Investment Partners based in Bloomfield Hills, MI.

The acquisition will enhance SPG’s existing capability set in its Engineered Packaging division, expanding the company’s engineering and design resources and geographic reach while adding approximately 100 employees to its 1,300-person workforce. PC&D and PSI leadership and the companies’ full workforce will continue to operate in their current locations. SPG, one of the largest independent protective packaging manufacturers in North America, is a portfolio company of Altamont Capital Partners. 

“The addition of PC&D to our Engineered Packaging division means we will be adding world-class engineering capabilities to an operation that is already an industry leader. PC&D has been the go-to packaging design firm for the automotive industry for over 40 years,” said SPG CEO Bob Lally. “With this announcement, we are excited to strengthen our presence in automotive, especially the growing electric vehicle market, which will allow us to better serve our customers. We are looking forward to bringing the PC&D and PSI teams fully on board and integrating them into a footprint that extends across North America and provides high-quality products to a diverse customer base.”

“Over the last several years, PC&D has grown by focusing on highly engineered solutions geared towards creating efficiencies in our customers’ global supply chains. With SPG, we have found a partner that shares our vision and has the resources to accelerate our growth plans in new and existing markets. The PC&D team is thrilled to join SPG and we look forward to taking our combined business to the next level,” said PC&D CEO Joe Gumbis.

“PSI is extremely excited about the opportunity to be added to a highly respected protective packaging platform such as SPG. We look forward to growing our product categories, design capabilities and manufacturing resources as we expand our customer base together,” said PSI President Patrick Coveney.

About Specialized Packaging Group
Specialized Packaging Group, Inc. is a vertically integrated provider of protective packaging products and one of the largest independent manufacturers of protective packaging in North America. The company operates under two divisions, IVEX and Engineered Packaging. IVEX manufactures a range of packaging materials at six facilities across the U.S., Canada and Mexico, and Engineered Packaging, which is comprised of Induspac and Estapack, designs and manufactures customized packaging solutions at nine facilities in the U.S. and Mexico.

About Packaging Concepts & Design

Packaging Concepts & Design is a leader in the design and delivery of highly engineered packaging products and solutions. Founded in 1914, PC&D provides expendable and returnable packaging to companies located throughout North America. Its innovative approach to packaging and custom-design solutions creates efficiencies throughout customers’ supply chains. For more information, visit www.pcdpackaging.com.

About Packaging Specialists, Inc.

Packaging Specialists Inc. is Arizona’s largest maker of custom and semi-custom engineered protective packaging. PSI manufactures and designs highly engineered protective packaging using polyurethane, polyethylene, crosslink and EPE foam materials, along with wood, plastic and steel. All of its custom-engineered packs are tested and approved before being deployed to returnable and expendable logistic destinations by customers. PSI services a wide array of industries including aerospace, semi-conductor, electronics, military and defense, and it has been serving the state and surrounding territory since 1976. For more information, visit www.psisw.com. 

About Altamont Capital Partners

Altamont Capital Partners is a private investment firm based in the San Francisco Bay Area with more than $3.5 billion of assets under management. Altamont is focused on investing in middle market businesses where it can partner with leading management teams to help its portfolio companies reach their full potential. The firm’s principals have significant experience building business success stories across a range of industries, including consumer, restaurants and multi-unit, financial services, healthcare, industrials, and business services.

Altamont expertise and capital will support continued expansion of Horizon’s innovative solutions for advisors and investors

Charlotte, NC – Horizon Investments, LLC (Horizon), a registered investment advisor with $7 billion in assets under advisement, today announced that Altamont Capital Partners has successfully completed its strategic investment in the firm, providing Horizon with key resources that will allow Horizon to further cement its position as a leader in goals-based investment solutions.

John Drahzal, formerly President of Horizon, has been elevated to the role of Chief Executive Officer on the closing of this transaction. The core of Horizon’s long-tenured executive leadership team remains in place, including Chief Investment Officer Scott Ladner, General Counsel and Chief Compliance Officer Matt Chambers, and Chief Financial Officer Stephen Terry. Horizon founder and CEO Robbie Cannon is shifting to the role of Strategic Advisor, in which he will continue to play an active role in the direction of the firm.

“This is an exciting day for Horizon as we close on this investment and look to the future,” said Drahzal. “The strategic insights and capital provided by the Altamont team could not be more complementary to our deep subject matter expertise, technical capabilities and industry knowledge. This is a tremendous match – one that will allow us to build on the success we have already achieved as we take our efforts to the next level.”

Dave Odenath, Operating Partner at Altamont, joins the Horizon Investments board of directors and also assumes the role of Executive Chairman. “Having worked closely with John and the Horizon leadership team over the past several months as we completed this transaction, I have been able to see firsthand the creativity and passion they bring to their work. Their efforts will form the core of a strategy that will leverage new distribution approaches to bring Horizon’s goals-based investment framework to a much larger marketplace.”

“We’re very pleased to have made this investment in Horizon,” added Keoni Schwartz, Managing Director with Altamont. “But this is just the beginning of a larger, multi-step investment and distribution-driven plan that will accelerate the expansion of Horizon’s reach and the advisor community’s understanding and usage of goals-based approaches to help their clients meet their needs at all phases of their saving and retirement journey.”

“Horizon’s groundbreaking approach to goals-based investing and strong management are just a few of the reasons why we’re pleased to grow this partnership,” said Sam Gaynor, Managing Director with Altamont. “I am excited for the company’s experienced, industry-leading team to continue building upon the success they’ve already seen. We are actively looking at additional acquisitions to the platform to further expand Horizon’s capabilities and offerings.”

Terms of the investment were not disclosed. BMO Capital Markets acted as Financial Advisor to Horizon Investments.

About Horizon Investments

Horizon Investments is a pioneer in providing modern goals-based investment management. With a focus in goals-based investment strategies, Horizon is dedicated to helping financial advisors and their clients improve the investment experience relative to real world, prioritized financial goals. Horizon’s investment process balances quantitative expertise with a qualitative perspective, including economic, fundamental, and macroeconomic analysis. Financial advisors turn to Horizon for innovative risk mitigation and retirement income strategies. Horizon’s GAIN PROTECT SPEND® framework, combined with its investment management methodology, has been a cornerstone of Horizon’s portfolio construction process for over a decade.

About Altamont Capital Partners

Altamont Capital Partners is a private investment firm based in the San Francisco Bay Area with more than $3.5 billion of assets under management. Altamont is focused on investing in middle market businesses where it can partner with leading management teams to help its portfolio companies reach their full potential. The firm’s principals have significant experience building business success stories across a range of industries, including business services, financial services, healthcare, consumer/retail, and industrials. 

Elgin, IL – Duke’s Root Control, Inc. (Duke’s) today announced the acquisition of Hydrostructures, P.A., a leading regional sewer service provider in the Mid-Atlantic region, with offices in North Carolina, South Carolina, and Virginia. This acquisition will expand Duke’s service offering by adding new capabilities and expertise, broadening its regional presence, and further developing key accounts. Duke’s, a leading national sewer service provider, is a portfolio company of Altamont Capital Partners. 

“The acquisition of Hydrostructures accelerates the Duke’s360 smart wastewater strategy, which helps our valued customers triage, diagnose, renew and monitor their water, sewer and stormwater systems,” said Duke’sPresident & CEO Matt Fishbune. “We continue to focus on becoming digital integrators, leveraging the data and turning it into actionable information for proactive identification of costly system inflow and infiltration, overflows and blockages, all through innovative technology solutions.” 

The entire Hydrostructures staff was retained in this acquisition and will continue to operate out of its locations in North Carolina, South Carolina, and Virginia, with additional support coming from Duke’s headquarters in Illinois and satellite locations across the country. 

“Hydrostructures’ field services and engineering capabilities will complement Duke’s existing service offerings and fit strategically within the company’s plans for long-term growth,” said Hydrostructures President Michael Koonce. “The combination of the two firms results in a stronger business, and we are excited to be part of the team to continue positioning Duke’s for the future.” 

About Duke’s Root Control, Inc.

Duke’s is a leading, national service provider, having been in the sewer business for over 80 years, and 40 plus years doing chemical root control. Today, Duke’s continues to build on its innovative culture with a range of expanded technology solutions that transition clients’ operations and maintenance programs from reactive to proactive by identifying and pinpointing critical defects and capacity problems, and ultimately prolonging the life of existing infrastructure assets.

About Altamont Capital Partners

Altamont Capital Partners is a private investment firm based in the San Francisco Bay Area with more than $3.5 billion of assets under management. Altamont is focused on investing in middle market businesses where it can partner with leading management teams to help its portfolio companies reach their full potential. The firm’s principals have significant experience building business success stories across a range of industries, including business services, financial services, healthcare, consumer/retail, and industrials.

CHARLOTTE, NC – Horizon Investments, LLC, has announced a new strategic investment from Altamont Capital Partners that will further Horizon’s position as a leader in goals-based investment solutions.  Horizon, a registered investment adviser headquartered in Charlotte, North Carolina for more than 20 years, has grown into a nationally recognized leader in asset management.

Commenting on the initiative, Robbie Cannon, Horizon’s CEO, stated, “Altamont has had great success investing in strong management teams and backing best-in-class businesses within financial services. This is an exciting opportunity for all of us to build on what we already have and use our collective deep industry knowledge and business expertise in pursuit of growth.”

Keoni Schwartz, Managing Director of Altamont, added “We are thrilled to be in the position to make this investment in Horizon, which is a critical first step in our strategy to both partner with and invest in asset managers whose solutions can be distributed in the goals-based framework Horizon established. We look forward to utilizing our capital and capabilities to support management in expanding Horizon’s goal-oriented solutions for advisors and investors.”

Cannon, Horizon’s long-time CEO, will be taking on the role of Founder and Strategic Advisor, continuing to play an active role in the direction of the firm. John Drahzal, Horizon’s President, will be taking on the role of CEO upon closing of the transaction, which is expected in the fourth quarter of 2021. The balance of the executive team – Scott Ladner, CIO; Matt Chambers, General Counsel and CCO; and Stephen Terry, Head of Finance – will remain in their current roles. Drahzal remarked, “the entire management team will be significant holders of company equity, and we intend to continue to build upon the terrific success that this team has delivered over the course of the past several years.”

Dave Odenath, Operating Partner at Altamont who will be joining the board of directors of Horizon and will serve as Executive Chairman, remarked “We’ve had the opportunity to observe the success of Robbie, John and the team and are excited for Horizon to be at the core of our distribution-led strategy. Our plan is to build around Horizon with strategic acquisitions that will complement Horizon’s goals-based framework.”  

BMO Capital Markets acted as financial advisor to Horizon Investments.

About Horizon Investments 

Horizon Investments is a pioneer in providing modern goals-based investment management.  With a focus in goals-based investment strategies, Horizon is dedicated to helping financial advisors and their clients improve the investment experience relative to real world, prioritized financial goals. Horizon’s investment process balances quantitative expertise with a qualitative perspective, including economic, fundamental, and macroeconomic analysis. Financial advisors turn to Horizon for innovative risk mitigation and retirement income strategies. Horizon’s GAIN PROTECT SPEND® framework, combined with its investment management methodology, has been a cornerstone of Horizon’s portfolio construction process for over a decade. 

About Altamont Capital Partners

Altamont Capital Partners is a private investment firm based in the San Francisco Bay Area with more than $2.5 billion of assets under management. Altamont is focused on investing in middle market businesses where it can partner with leading management teams to help its portfolio companies reach their full potential. The firm’s principals have significant experience building business success stories across a range of industries, including financial services, healthcare, consumer/retail, and industrials.

SPG Expands Capabilities and Reach in Engineered Packaging Division with Addition of Bay Area Manufacturer

NEWARK, CA – Specialized Packaging Group (SPG), a leading vertically-integrated provider of protective packaging products, announced today that the company has acquired Bay Area-based Specialized Packaging Solutions (SPS). The acquisition will enhance SPG’s existing capability set in its Engineered Packaging division, expanding the company’s reach while adding approximately 100 employees to its 1,100-person workforce. SPS and its full workforce will continue to operate in Newark, California while founder and CEO Terry Besso will be retiring. SPG, one of the largest independent protective packaging manufacturers in North America, is a portfolio company of Altamont Capital Partners.

“The addition of SPS to our Engineered Packaging division means we will be adding world-class capabilities to an operation that is already an industry leader,” said SPG CEO Bob Lally. “With this announcement, we are excited to strengthen our presence in Northern California, which will allow us to better serve the customers of both SPG and SPS. We are looking forward to bringing the SPS team fully onboard and integrating them into a footprint that extends across North America and provides high-quality products to a diverse customer base.”

“After building SPS from the ground up, it was important to know that the company would be in good hands after I step away,” said SPS Founder and CEO Terry Besso. “SPG will continue our legacy of building strong, one-on-one relationships with customers and providing high-quality service and products. I’m grateful for a smooth and successful transaction that led to the best possible result for SPS and our employees.”

About Specialized Packaging Group

Specialized Packaging Group, Inc. is a vertically-integrated provider of protective packaging products and one of the largest independent manufacturers of protective packaging in North America. The Company operates under two divisions, IVEX and Engineered Packaging. IVEX manufactures a range of packaging materials at six facilities across the U.S., Canada and Mexico, and Engineered Packaging, which is comprised of Induspac and Estapack, designs and manufactures customized packaging solutions at eight facilities in the U.S. and Mexico.

About Specialized Packaging Solutions

Specialized Packaging Solutions, Inc. began as a family-owned packaging business and now manufactures custom packaging products at a 150,000 square-foot warehouse in Newark, California. SPS is an eco-friendly manufacturer that offers “Just-In-Time” service and delivery helping to meet customers’ needs for packaging materials on their own schedule. Its products and services include corrugated containers, foam fabrication, wooden crates and shipping containers, and transit cases.

About Altamont Capital Partners

Altamont Capital Partners is a private investment firm based in the San Francisco Bay Area with more than $2.5 billion of assets under management. Altamont is focused on investing in middle market businesses where it can partner with leading management teams to help its portfolio companies reach their full potential. The firm’s principals have significant experience building business success stories across a range of industries, including consumer, restaurants & multi-unit, financial services, healthcare, industrials, and business services.

LOS ANGELES, CA – Hybrid Apparel today completed its acquisition of Air Waves, a market leading design and technology driven print-on-demand (“POD”) provider serving e-commerce and wholesale customers. Air Waves will continue to operate in Columbus, Ohio and provide its print-on-demand and technology services to Hybrid’s retail customers and global license and lifestyle brand partners. Hybrid Apparel is a leading global wholesaler of licensed, branded and private label apparel, and portfolio company of Altamont Capital Partners.

Air Waves was founded in 1981 as a contract screen printer and developed into a modern e-commerce leader complete with print-on-demand, leading design capabilities, advanced technology integrations and drop-ship capabilities. Air Waves also offers a Shopify App (Air Waves: Print on Demand) that provides a full-service apparel solution for content creators and social media influencers.

Hybrid Apparel’s CEO Bill Hutchison said the partnership marks the beginning of a very exciting chapter for Hybrid and Air Waves.

“Air Waves is a best-in-class digital print on demand and e-commerce technology provider and has developed a market leading set of supply chain solutions and capabilities. Last year, Hybrid began a fulfillment relationship with Air Waves for select customers and we were very impressed with their team and capabilities. We are now beyond excited to bring POD to all our customers,” said Mr. Hutchison. “When you combine best-in-class creative and content with exceptional technology and infrastructure capabilities, you unlock a lot more opportunity for our collective retail, license and lifestyle brand partners. We look forward to continuing to build our industry leading global platform with Air Waves.”

Kyle Kantner, who acquired Air Waves in 2009, will continue to serve as CEO of Air Waves while serving as an executive member of Hybrid.

“We have seen tremendous growth at Air Waves in recent years as online demand has soared and customers have recognized the value of our efficient on-demand digital solution. I’m really proud of our team who has helped build Air Waves into the scalable digital platform that it is today. We are ready for the next chapter of accelerated growth with our new partner, Hybrid,” said Mr. Kantner. “This is a transformational opportunity for both teams at Air Waves and Hybrid, and we are excited to bring this innovative solution to all our partners.”

The combination of Hybrid and Air Waves will create one of the largest omnichannel wholesalers of licensed, branded and private label apparel. Hybrid also operates the Junkfood Clothing brand.

About Hybrid Apparel

Founded in 1997, Hybrid Apparel is the leading full-service design, development, sourcing, production and apparel distribution company based in Cypress, California. Hybrid has a world-class sourcing and global supply chain infrastructure, with expertise in customer delivery and service across a wide range of apparel categories and geographies. As the industry leader in brand and licensing management, Hybrid supports the best global and national brands as well as global licensed properties across media and entertainment, music, gaming, food & beverage, auto, lifestyle and more. Hybrid also owns the Junkfood Clothing brand, the iconic vintage-inspired apparel brand. For more information, visit hybridapparel.com and junkfoodclothing.com

About Air Waves

Founded in 1981, Air Waves is a leading provider of on-demand garment printing and fulfillment services. Air Waves services several major online retailers using customer e-commerce integrations and offers thousands of creative, high quality apparel products with rapid turnaround times and “mass customization” capabilities. Air Waves is located in Columbus, Ohio where it operates its production and fulfillment. For more information, visit airwavesinc.com and airwavesondemand.com

About Altamont Capital Partners

Altamont Capital Partners is a private investment firm based in the San Francisco Bay Area with more than $2.5 billion of assets under management. Altamont is focused on investing in middle market businesses where it can partner with leading management teams to help its portfolio companies reach their full potential. The firm’s principals have significant experience building business success stories across a range of industries, including consumer, restaurants & multi-unit, financial services, healthcare, industrials, and business services.

NEW YORK, NY – Altamont Capital Partners (Altamont) today completed its acquisition of INTERMIX, one of the leading omni-channel shopping destinations in the luxury fashion market, from Gap Inc. The transaction encompasses the entire INTERMIX business, including all assets, stores, and e-commerce.

Having opened its first retail location in 1993, INTERMIX now has a national footprint of 31 boutiques and a rapidly growing e-commerce channel. The brand is known for curating and editing the most sought-after styles from a mix of designers and delivers a highly personalized shopping experience complimented by their personal stylists who are available online and in-store to work one-on-one with clients to create looks that make them feel confident.

“Today marks the beginning of a very exciting chapter for INTERMIX,” said Jyothi Rao, CEO of INTERMIX. “Altamont Capital Partners believes in our mission to be the leading omni-channel boutique fashion business for women seeking a highly curated and personalized shopping experience, and together we will work towards accelerated growth for our brand.”

Altamont Capital Partner’s approach is to invest in companies with strong business models that have opportunities for tremendous growth. INTERMIX is an enviable platform with strong brand identity, an innovative business model, and highly attractive customer base. Altamont Capital Partners brings considerable experience partnering with middle-market, omni-channel companies like INTERMIX, supporting management and providing resources to help them grow and succeed.

“INTERMIX’s long history of providing premium shopping experiences across channels has led to a loyal customer base and myriad opportunities for expansion within the multi-brand retail space,” said Altamont Capital Partners Managing Director Keoni Schwartz. “We are confident that Altamont’s extensive experience standing up similar businesses independent from prior ownership will drive value for INTERMIX customers and employees for years to come. As INTERMIX pursues promising opportunities coming out of the pandemic, we’re looking forward to building upon the company’s track record of success and supporting its long-term growth.”

About INTERMIX

INTERMIX is a highly curated, omni-channel women’s fashion business comprised of 31 boutiques with hyper-localized assortments and a rapidly growing e-commerce channel. The brand is known for curating the most sought-after styles from a compelling mix of both established and emerging designers. Founded in 1993, INTERMIX delivers a personalized shopping experience across both channels, with complimentary personal stylists on hand to work one-on-one with clients to create looks that make them feel confident and to make fashion fun and inspiring.

About Altamont Capital Partners

Altamont Capital Partners is a private investment firm based in the San Francisco Bay Area with more than $2.5 billion of assets under management. Altamont is focused on investing in middle market businesses where it can partner with leading management teams to help its portfolio companies reach their full potential. The firm’s principals have significant experience building business success stories across a range of industries, including consumer, restaurants & multi-unit, financial services, healthcare, industrials, and business services.

Media Contacts:

Altamont

Zach Hunter, Narrative Strategies

(678) 428-3348

[email protected]

INTERMIX

Meredith Meyer

(917) 900-4075

[email protected]

NEW YORK, NY — (May 4, 2021) INTERMIX, one of the leading omni-channel shopping destinations in the luxury fashion market, will be under new ownership. The company announced Tuesday that Altamont Capital Partners, a private equity firm with more than $2.5B in capital and over 20 investments, has entered an agreement to purchase the business from Gap Inc. 

INTERMIX has a unique position in the market, with a national footprint of 31 boutiques and a rapidly growing e-commerce channel. The brand is known for curating and editing the most sought-after styles from a mix of designers like Isabel Marant, Ulla Johnson, Christopher Esber, Alanuii, AGOLDE, Acne, Nanushka and more. With a third of its assortment exclusive to the brand, INTERMIX delivers a highly personalized shopping experience complimented by their personal stylists who are available online and in-store to work one-on-one with clients to create looks that make fashion fun, easy and effortlessly chic.

“This is an exciting next step in our journey at INTERMIX to be the leading omni-channel boutique fashion business for women seeking a highly curated and personalized shopping experience,” said Jyothi Rao, CEO of INTERMIX. “Altamont shares our vision for accelerated growth, best-in-class customer experience and an entrepreneurial team culture. We are entering this partnership with great momentum, and with the investment from Altamont Capital Partners, INTERMIX will be poised to shape the future of multi-brand retail.” 

Altamont Capital Partner’s approach is to invest in companies with strong business models that have opportunities for tremendous growth. INTERMIX is an enviable platform with strong brand identity, an innovative business model, and highly attractive customer base. Altamont Capital Partners brings considerable experience partnering with middle-market, omni-channel companies like INTERMIX, supporting management and providing resources to help them grow and succeed.

“This partnership creates opportunities for INTERMIX to execute against a long-term plan for sustained success and growth,” said Altamont Capital Partners Managing Director Keoni Schwartz. “As events and social gatherings become more frequent, INTERMIX is well-positioned to re-emerge as a leading omni-channel fashion retailer and continue to improve its offering and service for its exceptional customer base. We look forward to applying our considerable experience with other carve-outs to support the management team and are excited to be investing in INTERMIX as they continue to build a compelling, independent omnichannel retailer delivering a best-in-class customer experience.” 

About INTERMIX

INTERMIX is a highly curated, omni-channel women’s fashion business comprised of 31 boutiques with hyper-localized assortments and a rapidly growing e-commerce channel. The brand is known for curating the most sought-after styles from a compelling mix of both established and emerging designers. Founded in 1993, INTERMIX delivers a personalized shopping experience across both channels, with complimentary personal stylists on hand to work one-on-one with clients to create looks that make them feel confident and to make fashion fun and inspiring.

About Altamont Capital Partners

Altamont Capital Partners is a private investment firm based in the San Francisco Bay Area with more than $2.5 billion of assets under management. Altamont is focused on investing in middle market businesses where it can partner with leading management teams to help its portfolio companies reach their full potential. The firm’s principals have significant experience building business success stories across a range of industries, including consumer, restaurants & multi-unit, financial services, healthcare, industrials, and business services.

Altamont Capital Partners Acquires the Assets of WAVE Electronics

Palo Alto, Calif. and Houston, Texas – March 18, 2021 – Altamont Capital Partners (“Altamont”) today announced that it has acquired certain assets of WAVE Electronics, Inc. (“WAVE”), a leading distributor of connected home, audio/video, and residential security products with nine branches across the US.

With a broad product portfolio spanning the entire home ecosystem, WAVE is a single-source solution provider to an expansive base of independent integrators and national accounts. WAVE is a market leader with extensive knowledge of the electronics supply network, and its diversified offering provides multiple revenue channels and the flexibility to serve different types of customers. Altamont’s investment provides liquidity that will support WAVE’s existing capabilities and expand its inventory, creating an ample runway for continued growth.

All of WAVE’s current US locations were included as part of the transaction and are continuing to operate in the normal course. Additionally, WAVE’s senior management will continue to run the business, including CEO Mark Fukuda, VP of Sales Bryan Stewart, and VP of Purchasing & Merchandising Ainslie Fukuda.

“WAVE plays a critical role in the connected home and audio / visual supply chain, partnering with dozens of high-quality suppliers to provide value-add services and distribute products to a fragmented customer base,” said Randall Eason, a Managing Director at Altamont. “We are excited to be making this investment, and we are delighted to have the opportunity to partner with Mark and the rest of the team to fuel WAVE’s continued profitable growth. Together, we are confident that we will drive value for the business’ customers, employees, vendors and other stakeholders in the months and years to come.”

“This announcement is a testament to the dedication of our employees and the strength of our value proposition to our customers and suppliers,” said Mark Fukuda. “Altamont shares our commitment to delivering unrivaled support and superior service to our customers, while investing in and growing our team, and will be a true partner as we execute on our strategic objectives.”

“We look forward to working closely with the WAVE team to leverage its one-of-a-kind platform and implement an ambitious growth strategy, including a substantial investment in the business’s inventory. Longer term, given the significant growth opportunity, we will look to further enhance WAVE’s trajectory by potentially investing in footprint expansion and acquisitions,” added Chase Beeler, a Principal at Altamont.

Kirkland & Ellis served as legal counsel to Altamont on this transaction. McDonald Hopkins served as legal counsel and Jefferies acted as financial advisor to WAVE.

About WAVE

WAVE is a leading distributor of connected home, audio/video, and residential security products to customers across several channels, including custom integrators, security dealers, and homebuilders, with nine locations in the US.

About Altamont Capital Partners

Altamont Capital Partners is a private investment firm based in the San Francisco Bay Area with more than $2.5 billion of assets under management. Altamont is focused on investing in middle market businesses where it can partner with leading management teams to help its portfolio companies reach their full potential. The firm’s principals have significant experience building business success stories across a range of industries, including business services, healthcare, consumer/retail, industrials, and financial services.

Contacts:

Altamont

Jonathan Keehner / Kate Thompson / Tanner Kaufman

Joele Frank, Wilkinson Brimmer Katcher

212-355-4449

Company Brings Innovative Financing Technology and Extensive Industry Experience to Independent Dealers

Palo Alto, CA and Carmel, IN – January 18, 2021 – Altamont Capital Partners (“Altamont”) today announced its investment in a newly-formed auto floorplan financing company, Kinetic Advantage (“Kinetic” or the “Company”).

Kinetic is led by CEO Marty McFarland, who co-founded Dealer Services Corporation (“DSC”) in 2005.  Mr. McFarland is joined by industry veterans Randy Dohse, COO, and Chris Brady, CIO, both of whom worked with Mr. McFarland at DSC. Rounding out the highly experienced leadership team are Joe Keadle, SVP of Operations, and Joe O’Brien, SVP of Sales and Marketing.

The Company was formed with the vision to provide a better floorplan experience to independent auto dealers by streamlining the customer experience, increasing flexibility and offering increased transparency around fees, all enabled by a market-leading technology platform. Launched in 21 markets to date, Kinetic will operate nationally with relationships across auction platforms. In total, the Company has secured more than $225 million of initial debt and equity funding to support its expansion.

Mr. McFarland said, “Having operated in the auto sector our entire careers, my team and I see a real need for a new provider that can serve as a truly platform agnostic floorplan financing partner to independent dealers. We recognize the pain points present in the industry – which have only been exacerbated by the pandemic – and are optimistic that our entry into the market will provide a welcome solution to our new dealer and auction partners.”

Keoni Schwartz, Managing Director of Altamont, commented, “We were impressed by the vision that Marty and his team discussed in our initial dialogue and are thrilled to partner with Kinetic. We have deep familiarity with floorplan financing through our prior investment activity and current portfolio, and recognize the clear market need for a true partner to dealers that will provide transparent pricing, a hassle-free collateral audit process and technology solutions that deliver a more streamlined experience.”

Sam Gaynor, Managing Director of Altamont, added, “Altamont has a track record of backing best-in-class operators in financial services to address market needs, and that is the case with Kinetic. We have committed significant equity capital to the business to support its ambitious loan growth forecast and look forward to leveraging our breadth of operational resources to ensure the success of its national rollout.”

Terms of the transaction were not disclosed. Stephens Inc. acted as the exclusive financial advisor and Ropes & Gray and Morrison & Foerster served as legal counsel to the Company and Altamont. Financing for the transaction was provided by MidCap Financial.

About Altamont Capital Partners

Altamont Capital Partners is a private investment firm based in the San Francisco Bay Area with more than $2.75 billion of assets under management. Altamont is focused on investing in middle market businesses where it can partner with leading management teams to help its portfolio companies reach their full potential. The firm’s principals have significant experience building business success stories across a range of industries, including financial services, healthcare, consumer/retail, industrials, and business services.

About Kinetic Advantage

Kinetic Advantage is a dynamic floorplan company led by trusted industry veterans. Our core focus is helping our independent dealer partners and team members succeed while providing them with an exceptional and engaging user experience. We are committed to forging strong partnerships through transparent communication and simple, innovative solutions. We provide our partners and team members with the support and tools they need to grow throughout their journey.

Contacts:

Altamont

Jonathan Keehner / Kate Thompson / Julia Sottosanti

Joele Frank, Wilkinson Brimmer Katcher

212.355.4449

Kinetic Advantage

Lori Kahre, Director, Industry Relations

317.978.5014

[email protected]

Seasoned Executives Bob Lally, Pete Lane and Sean Condon to Lead Company

PALO ALTO, Calif. and LIVERMORE, Calif. and MONTREAL, Jan. 6, 2021 – Altamont Capital Partners (“Altamont”) today announced that it has acquired Specialized Packaging Group, Inc. (“SPG” or the “Company”), one of the largest independent manufacturers of protective packaging in North America, from Paul Gaulin, the Company’s Founder. As part of the transaction, Mr. Gaulin is retiring as President and CEO of SPG, but will remain a member of the Board of Directors and a minority investor in the business.

SPG is a vertically-integrated provider of protective packaging products that operates under two divisions, IVEX and Engineered Packaging. IVEX, which has six facilities in the U.S., Canada and Mexico, manufactures a range of packaging materials, including polyethylene foam and other protective packaging products. Engineered Packaging, which is comprised of Induspac and Estapack, designs and manufactures customized packaging solutions at eight facilities in the U.S. and Mexico using a variety of materials, including polyethylene foam, corrugated cardboard and wood.

In conjunction with the announcement, Altamont Senior Advisor Pete Lane joins SPG as Executive Chairman. Bob Lally has joined the Company as President of Engineered Packaging, having served most recently as President of TransPak, and Sean Condon is continuing in his role as President of IVEX. Additionally, joining the Board of Directors will be Mark Burgess, who currently serves as CEO of Mauser Packaging Solutions.

“SPG is an established leader in the highly attractive protective packaging segment, and we are delighted to partner with the team to build on the Company’s strong foundation and track record of success,” said Randall Eason, a Managing Director at Altamont. “Together, we are confident that we will drive value for SPG’s customers, employees and other stakeholders in the months and years to come.”

“We look forward to working closely with Bob, Sean and Pete to implement an ambitious growth strategy that will include enhancements and additions to SPG’s product offerings, footprint expansion, and, potentially, acquisitions,” added Chase Beeler, a Principal at Altamont.

“This announcement is a testament to the strength of our platform and the dedication of our team over the past decades,” said Mr. Condon. “Altamont shares our commitment to delivering high quality products and superior customer service, while investing in and growing our team and will be a true partner as we execute on our strategic objectives. As we enter this next chapter in the Company’s growth trajectory, we thank Paul for his many contributions and will continue to benefit from his expertise through his role on the Board.”

Mr. Lally added, “I am pleased to join this talented organization and eager to partner with Pete, Sean and the Altamont team to establish a leading protective packaging platform. As we continue to innovate packaging solutions to meet the needs of today’s economy and supply chains, now represents an opportune time to partner with Altamont to take our business to the next level. Leveraging Altamont’s experience, relationships and resources, I am confident that the Company is poised for continued growth.”

“The business is in great hands, and I am very proud and excited to remain a partner and contributor in the years to come,” said Mr. Gaulin, “Additionally, I would like to extend my personal gratitude and appreciation to all of our employees, clients, suppliers and partners, past and present, who have supported me and the business over the last 40 years. Finally, I would like to thank Altamont and look forward to this partnership with a world-class organization.”

Terms of the transaction were not disclosed. Baird and Raymond James & Associates, Inc. acted as financial advisors and Ropes & Gray served as legal counsel to Altamont on this transaction. Raymond Chabot Grant Thornton acted as exclusive financial advisor, and BCF Business Law and Morency, Société d’avocats, LLP served as legal counsel to SPG. Financing for the transaction was provided by Monroe Capital and Churchill Asset Management.

About Specialized Packaging Group

Specialized Packaging Group, Inc. is a vertically-integrated provider of protective packaging products and one of the largest independent manufacturers of protective packaging in North America. The Company operates under two divisions, IVEX and Engineered Packaging. IVEX manufactures a range of packaging materials at six facilities across the U.S., Canada and Mexico, and Engineered Packaging, which is comprised of Induspac and Estapack, designs and manufactures customized packaging solutions at eight facilities in the U.S. and Mexico.

About Altamont Capital Partners

Altamont Capital Partners is a private investment firm based in the San Francisco Bay Area with more than $2.5 billion of assets under management. Altamont is focused on investing in middle market businesses where it can partner with leading management teams to help its portfolio companies reach their full potential. The firm’s principals have significant experience building business success stories across a range of industries, including business services, healthcare, consumer/retail, industrials, and financial services.

Contacts

Altamont

Jonathan Keehner / Kate Thompson / Julia Sottosanti

Joele Frank, Wilkinson Brimmer Katcher

212-355-4449

Leading Protein Provider Merges with Quirch Foods

Palo Alto, CA, October 28, 2020 — Altamont Capital Partners (“Altamont”), a middle market private equity firm focused on making long term investments, today announced that its portfolio company, Colorado Boxed Beef (“CBBC” or the “Company”), a leading national provider of protein products, has merged with Quirch Foods, creating a leading U.S. distributor and exporter of protein and ethnic food products. Altamont originally invested in CBBC in 2017 and will retain an equity stake.

Founded in 1975, CBBC began as a protein supplier for the southeastern region of the U.S. and has since grown to become one of the leading suppliers of protein products across the country. With more than 1.4 million square feet of distribution space, CBBC has both a national and international footprint with facilities in Florida, Georgia, Oregon, Pennsylvania, Texas, and Washington. With Altamont’s support, the Company has significantly expanded its product offering and reach through both organic growth and complementary acquisitions.

As part of the transaction, Frank Grande, President and CEO of Quirch Foods, will lead the combined company. John Rattigan Jr., President and CEO of CBBC, has been named Chief Growth, Strategy, and M&A Officer. Mr. Grande and Mr. Rattigan will work alongside the leadership teams of their operating companies, including Quirch Foods, Colorado Boxed Beef, Pacific Foods Distributors (PFD Opco), E.J. Foods Opco, Butts Foods, Prefco, Metro Webb Opco, The Great Fish Co./Riptide Foods, Helmsman Freight Solutions, Phoenix Logistics & Cold Storage and IQ Foods.

“CBBC has consistently built on its long history of providing great products and service to its valued customers,” said Randall Eason, a Managing Director at Altamont. “We are proud of what we have accomplished together over the course of our partnership and are confident that CBBC is well-positioned for continued success as the Company enters this next chapter of growth.”

Chase Beeler, a Vice President at Altamont, added, “We saw an opportunity to partner with a strong team and impressive company and support them as they expanded their reach into new markets and diversified their product offering. It has been a privilege to work with John and the rest of the CBBC management team.”

“Altamont’s partnership has been instrumental in our success over the past few years,” said Mr. Rattigan. “We look forward to continuing this momentum and believe that this merger is an excellent outcome for both companies. Quirch Foods, backed by Palladium Equity Partners, is committed to creating the leading protein portfolio in the industry and we are excited to be part of this growth. Our leadership team remains in place and we will continue to offer our combined customers exceptional service while enhancing our product offering.”

Terms of the transaction were not disclosed. Ropes & Gray served as legal counsel to Altamont. Jefferies served as exclusive financial advisor to CBBC and Shuffield Lowman served as legal counsel.

About Altamont Capital Partners

Altamont Capital Partners is a private investment firm based in the San Francisco Bay Area with more than $2.5 billion of assets under management. Altamont is focused on investing in middle market businesses where it can partner with leading management teams to help its portfolio companies reach their full potential. The firm’s principals have significant experience building business success stories across a range of industries, including business services, healthcare, consumer/retail, industrials, and financial services.

About Colorado Boxed Beef

Founded in 1975, Colorado Boxed Beef began as a protein supplier in the southeast but has proudly become one of the leading suppliers of protein products in the U.S. Utilizing over 1.4 million square feet of distribution space, CBBC has both a national and international foot print with distribution facilities in Lakeland, FL; Winter Haven, FL; Port Everglades, FL; Atlanta, GA; King of Prussia, PA; Houston, TX; Dallas, TX; San Antonio, TX; Clackamas, OR; and University Place, WA. Their collective of companies include E.J. Foods Opco, The Great Fish Co.Riptide Foods, IQ Foods, Metro Webb Opco, Pacific Foods Distributors (PFD Opco), Prefco, and Phoenix Logistics & Cold Storage. Colorado’s commitment to providing the best quality product to the industry led them to create branded programs second to none. CBBC’s brand offerings include High River Angus, Diamond Reef Seafood, and The Great Fish Co.

Visit coloradoboxedbeef.com, greatfishco.com, phoenixfl.com, highriverangus.com, diamondreefseafood.com, ejfoodsnw.com, pacfoods.com or follow us on Facebook.

About Quirch Foods®

Quirch Foods is a food distribution company servicing ethnic and national grocers as well as foodservice customers across the United States, the Caribbean, and Central and South America. Quirch operates approximately 480 refrigerated trucks and over 2.2 million square feet of combined distribution space through 21 facilities in Florida, Georgia, North Carolina, Tennessee, Alabama, Illinois, Texas, Washington, Oregon, and Puerto Rico. Quirch is the exclusive distributor of High River Angus, McKinneys Beef®, Panamei Seafood®, Diamond Reef Seafood, Kikiriquirch® poultry, Jackson Farms™, Mambo Foods®, and is a licensed distributor of Certified Angus Beef® and Chiquita® Brands frozen Tropicals and Fruits.

Through IQ Foods’ Suspended Fresh program, customers leverage innovative technology and processes to buy and store proteins for a later delivery, with the product arriving “Fresh, Never Frozen”.

Quirch operates through a family of well recognized companies. For more information visit quirchfoods.com, coloradoboxedbeef.com, pacfoods.com, ejfoodsnw.com, buttsfoods.com, greatfishco.com, helmsmanfreightsolutions.com, and phoenixfl.com.

To learn more about our brands, visit: highriverangus.com, panamei.com, diamondreefseafood.com, mambofoods.com follow us on Facebook, Twitter, Instagram, LinkedIn, or call (800) 458-5252.

Contacts

Altamont

Jonathan Keehner / Kate Thompson / Julia Sottosanti

Joele Frank, Wilkinson Brimmer Katcher

212-355-4449

Quirch Foods

Jorge Roza

305-691-3535 ext. 2278

[email protected]

Palo Alto, CA and Scottsdale, AZ – October 2, 2020 – Altamont Capital Partners (“Altamont”) today announced an equity investment in Cornerstone Advisors, Inc. (“Cornerstone”), a leading provider of advisory services to banking institutions.

Founded in 2002 and headquartered in Scottsdale, AZ, Cornerstone is the leading authority on driving revenue and profitability improvements for mid-size banks and credit unions. Led by founders Scott Sommer and Steve Williams, who will remain as CEO and President respectively, Cornerstone has grown consistently by providing high-quality services to its national client base. The firm offers a broad set of bespoke advisory services with leading contract negotiation services led by COO Bob Roth. This partnership with Altamont will enable Cornerstone to better serve clients while continuing to make investments in its employees, data-powered offerings, and internal infrastructure.

Sommer, commenting on the partnership, said: “We are very excited about this investment and believe that it positions Cornerstone very well for the future. With Altamont’s resources, we are better suited to capitalize on attractive growth opportunities while continuing to provide our clients with the superior solutions and customer experience that they have come to expect.”

Williams added: “We chose Altamont as a partner because of their deep knowledge of our business model and shared vision of our strategy. It was important to our leadership team that we partnered with an investor that understands our business and will play an active role in our growth.”

Casey Lynch, Managing Director of Altamont, said: “Cornerstone is a strong market leader with best-in-class capabilities serving a market with robust demand for their expertise. We are thrilled to partner with the Cornerstone team to support this next growth phase. Altamont’s business-building resources and Cornerstone’s entrepreneurial culture and talented workforce are an excellent fit.”

Echoing that sentiment, Wande Olabisi, Vice President of Altamont, added: “Altamont’s successful investments in business services have centered around bringing together the right people, systems, and resources. One of Cornerstone’s greatest strengths is its senior leadership team. The combination of this team with Altamont’s deep experience growing similar companies, as well as our extensive network in financial services make us a uniquely strong partner to support Cornerstone in capturing the numerous opportunities ahead.”

Lazard Middle Market acted as exclusive financial advisor to Altamont on this transaction, with Ropes & Gray and Morrison & Foerster serving as legal counsel. Financing for the transaction was provided by Churchill Asset Management and LBC Credit Partners.

Clearsight Advisors acted as exclusive financial advisor to Cornerstone on this transaction, with Snell & Wilmer serving as legal counsel.

About Altamont Capital Partners
Altamont Capital Partners is a private investment firm based in the San Francisco Bay Area with more than $2.5 billion of assets under management. Altamont is focused on investing in middle market businesses where it can partner with leading management teams to help its portfolio companies reach their full potential. The firm’s principals have significant experience building business success stories across a range of industries, including business services, healthcare, consumer/retail, industrials, and financial services.

PALO ALTO, CA – January 17, 2020 – Altamont Capital Partners (Altamont) today announced the hiring of Joe Zuk as an Operating Partner focused on its insurance and insurance-services investments. Prior to joining Altamont, Joe was the Managing Director of Corporate Development and Strategy at Orchid Underwriters, a specialty property insurance managing general agent and previously was the President of the Commercial Division of Atlas General. Joe spent the first decade of his career in reinsurance underwriting and brokerage.

Commenting on his new role, Joe stated “I was particularly drawn both to Altamont’s deep commitment to investing in the insurance space, as well as their uniquely long-term orientation. I’m looking forward to bringing my many years of operational experience at underwriters and distributors into play both in vetting potential new investments and working with existing portfolio companies.”

Sam Gaynor, a Principal at Altamont, added “with our existing investments in Accelerant Holdings, Embark General, Kuvare Holdings, and, pending regulatory approval, Topa Insurance Group, we have a broad franchise in insurance – across carriers and services entities, life and annuity, and property and casualty – that will undoubtedly benefit from Joe’s skillset. We are looking forward to working with him to both scale our existing investments and develop new platforms.”

Keoni Schwartz, a co-founder and Managing Director of Altamont, elaborated further that “we founded Altamont around the premise of generating superior returns through a combination of deep industry expertise and by driving operational improvements at our portfolio companies – Joe’s addition expands our capabilities on both fronts, and we are thrilled to have him join the team.”

Inclusive of Topa, Altamont has completed 6 platform insurance-related acquisitions since inception and, inclusive of add-on acquisitions to those platforms, 18 overall.

ABOUT ALTAMONT CAPITAL PARTNERS

Altamont Capital Partners is a private investment firm based in the San Francisco Bay Area with more than $2.5 billion of assets under management. Altamont is focused on investing in middle market businesses where it can partner with leading management teams to help its portfolio companies reach their full potential. The firm’s principals have significant experience building business success stories across a range of industries, including healthcare, consumer/retail, industrials, and financial services. Along with McLarens Global, Celestite Holdings, Embark General, Kuvare Holdings, and Accelerant Holdings, Altamont recently signed definitive documentation to acquire Topa Insurance Group, an AM Best A- rated carrier based in Calabasas, CA.

Chicago, IL – January 6, 2020 – Kuvare US Holdings, Inc. (“Kuvare”), a growth-oriented life and annuity business, announced today the completion of its purchase of Lincoln Benefit Life Company and its affiliates (“LBL”) on December 31, 2019. With this latest acquisition, Kuvare’s pro forma consolidated assets are now valued at over $22 billion.

Kuvare Chief Executive Officer, Dhiren Jhaveri, commented on the transaction: “Kuvare’s strong momentum continues with the addition of a third US-based insurance carrier. LBL significantly enhances the scale and breadth of our business, and adds product and distribution capabilities to further enable our strong growth trajectory. The acquisition of LBL reinforces our commitment to deliver great insurance solutions to the middle market.”

Kuvare’s Chief Operating Officer and newly appointed LBL President, Carlos Sierra, commented on the transaction: “LBL is an excellent addition to the growing Kuvare family of businesses. LBL has been a strong life insurance and annuity leader for over eight decades and adds approximately 200,000 policyholders to Kuvare’s base. LBL expands Kuvare’s product portfolio with differentiated annuity and variable life products, and the Lincoln Benefit brand is recognized throughout the country for insurance excellence. Furthermore, LBL’s operating capabilities and its experienced staff will contribute greatly to, and benefit from, Kuvare’s platform.”

LBL is the third operating US life insurance business acquired by Kuvare since 2016. In addition to LBL, Kuvare owns Guaranty Income Life Insurance Company, located in Baton Rouge, Louisiana, and United Life Insurance Company, located in Cedar Rapids, Iowa.

Kuvare also owns a Bermuda-based reinsurance firm, Kuvare Life Re, which itself has completed three substantial transactions since its inception in 2016.

For the LBL transaction, Kuvare was supported by its financial advisor, J.P. Morgan Securities LLC, and its legal advisor, Sidley Austin LLP.

About Kuvare

Kuvare is a retirement, life insurance, annuity and reinsurance business focused on delivering value-oriented solutions to the middle market. Kuvare is committed to a long-term sustainable growth strategy and currently has over $22 billion of combined assets. For more information visit kuvare.com

About Lincoln Benefit Life Company

LBL has been a strong leader in providing life insurance and annuity solutions since 1938. Based in Lincoln, Nebraska, and with administrative offices also in Rosemont, Illinois, LBL services approximately 200,000 policyholders and is licensed in 49 states. It is rated A- (Excellent) by A.M. Best and BBB (Good) by Standard & Poor’s.

Palo Alto, California, July 15, 2019 – Altamont Capital Partners (“Altamont”), the San Francisco Bay area‐based private equity firm with over $2.5 billion under management, announced today that Sharon Luboff has joined the firm as an Operating Partner. Ms. Luboff will join the Altamont team to acquire and build a market-leading medical device business, in partnership with Altamont Operating Partner John Barr.

Ms. Luboff is a 37-year veteran in the medical device industry. Most recently, she was a Group Vice President for C.R. Bard (“Bard”), an innovative medical technology leader in the fields of vascular, urology, oncology, peripheral vascular and surgical specialty products, which grew to $3.5 billion in revenue prior to its acquisition by Becton Dickinson. In her most recent role at Bard, Ms. Luboff was responsible for all Business Development, Strategy, Reimbursement, Health Economics and Outcome Research, and Corporate Marketing. In this role, she led more than 20 add-on acquisitions and played an integral role in multiple growth strategies that ultimately led to the sale of the company for $24 billion. Previously, Ms. Luboff was responsible for Bard’s International and Medical divisions and led significant expansion into new markets, to generate over $1 billion in revenue. Prior to joining Bard, she spent over 20 years at Baxter Healthcare in a variety of management roles, rising to a member of the senior leadership team.

“We have developed a strong relationship with Sharon over time and have been consistently impressed with her industry expertise, strategic insights and track record of both operational and M&A success,” said Melissa Francis, Principal at Altamont. “We are thrilled to welcome her to the team. The partnership between Sharon and John, and their combined depth and breadth of experience, will enable us to pursue a wide range of opportunities in the medical device sector.”

Ms. Luboff added, “I am excited to formalize my relationship with the Altamont team. Altamont’s business building orientation and successful track record around both corporate carveouts and founder/family transitions makes the firm the perfect partner. I am confident there are many opportunities to invest capital in the medical device sector that will benefit from our combined skills and experience.”

“We are excited to capitalize on the compelling industry trends in the medical device segment, and this partnership positions us well to evaluate and pursue a wide range of assets,” said Casey Lynch, Managing Director at Altamont. “Sharon’s demonstrated ability to lead and grow strong device businesses is an incredible asset to the firm.”

Palo Alto, CA and Yardley, PA – January 31, 2019 – Altamont Capital Partners (Altamont) today announced the acquisition of Publicis Health Solutions (PHS), a leading pharmaceutical contract commercial services organization, from Publicis Groupe.

PHS is a leader in customized, live channel healthcare sales, service and clinical solutions for pharmaceutical, biotechnology, medical device and diagnostics companies.  The business offers these services through a range of brands including Publicis Touchpoint Solutions, PDI, Tardis Medical, Phrequency and CustomPoint Recruiting, with a reputation as a strong partner for its customers in maximizing product commercialization success.  As a standalone company with Altamont’s support, PHS will invest to broaden its capabilities and enhance its strategic partnership to help clients navigate increasingly complex market demands.  The business will also soon rebrand its services to unite the existing brands under one name which will reflect the integrated offering and forward vision of the business.

As part of the transaction, Altamont’s Operating Partner Michael Griffith will join PHS as its Chief Executive Officer.  Griffith is an industry veteran with over 20 years of experience running businesses that provide agency-regulated outsourced services to pharmaceutical clients, most recently as EVP, inVentiv Health and President, Commercial Division.  Commenting on the transaction, Griffith said: “PHS has built a reputation for offering best-in-class service and capability to customers seeking to commercialize healthcare products. The partnership with Altamont will enable the PHS organization to further accelerate its growth and impact an even broader set of clients, while retaining the highest quality of service.”

Melissa Francis, Principal at Altamont, added: “We believe the growing pharmaceutical outsourcing industry is one of the most attractive segments of healthcare. We are thrilled to partner with the PHS team and plan to continue to invest in the business to develop a broad suite of go-to-market services for the life sciences industry.” Casey Lynch, Managing Director at Altamont, noted: “PHS represents our eighth corporate carveout, and we believe our depth of carveout experience and industry expertise will support the business as it pursues the exciting growth opportunities that lie ahead.”

About Altamont Capital Partners

Altamont Capital Partners is a private investment firm based in the San Francisco Bay Area with more than $2.5 billion of assets under management. Altamont is focused on investing in middle market businesses where it can partner with leading management teams to help its portfolio companies reach their full potential. The firm’s principals have significant experience building business success stories across a range of industries, including healthcare, consumer/retail, industrials, and financial services.

Contact

Brunswick Group on behalf of Altamont Capital Partners

Ash Spiegelberg

[email protected]

December 19, 2018 – Kristin Johnson, Managing Director, Altamont Capital Partners is one of 36 dealmakers named in Mergers & Acquisitions’ 2019 Most Influential Women in Mid-Market M&A. Click here for the full list. See below for her story through Q&A.

How did you get into dealmaking?

I began my career after college in management consulting. While I learned a lot from the variety of the assignments in strategy and operations, I found myself more interested in the quantitative elements of business -how our assignments would drive revenue growth and cash flow, and how they would impact value for shareholders. After business school, I joined Morgan Stanley to build those advisory skillsets. I primarily worked with private equity firms on financing and monetizing portfolio companies, and presenting new investment ideas. I joined TPG’s fundraising team in 2007 after 10 years in banking. It was certainly an interesting seat during the tumultuous global financial crisis as both GPs and LPs faced both dramatic portfolio challenges as well as investment opportunities. I have led sourcing and capital markets for Altamont Capital since the firm was founded 8 years ago.

How has a mentor helped your career?

I was fortunate early in my career at Morgan Stanley to work with Ruth Porat, currently the CFO at Alphabet. I was inspired by her drive to provide the most thoughtful advice for clients, her tireless work ethic, and her no-nonsense approach to difficult situations. As she rose through the ranks, she retained her ability to connect with bankers at all levels, as coach and mentor. These skills proved incredibly useful during the global financial crisis as she led several financial institutions, including Morgan Stanley, through some difficult times, and I feel honored to have worked with her.

What is your current role?

I lead Capital Markets and Business Development for Altamont. I am one of 8 partners, and I joined when the firm was founded in September 2010. Adding a dedicated sourcing capability was an important investment for us as a young firm. I believe that from the beginning, my combination of relationship focus, work ethic and depth of investment knowledge helped us quickly generate and maintain a reputation in the middle market. We are currently investing our third fund (~$1Bn) focused primarily on making long term, control investments. In the last twelve months we have seen over 1,300 deals, so we’re incredibly active. Our capital markets efforts seek to align the right lending partners and capital structure with our investment thesis. While there is a lot of debt available, we seek to work with firms who provide flexibility, consistency and growth. In both areas, we have a systematic approach to execution but for us, it all comes down to the importance of relationships.

Describe a challenge you overcame.

When the firm was started, our three founders had a strong view about the firm’s strategy, and they realized from the beginning that the firm’s success would be driven by the team and firm culture. The early team largely comprised people with whom the founders had worked in some capacity. As we grew, we needed to maintain consistency of culture and approach while making sure we were developing an environment where a variety of viewpoints were encouraged.

How do you support women?

Senior women have an obligation both internally and externally to be supporting diversity efforts. I’m encouraged by the recent press which has highlighted the positive impact of having a variety of perspectives on investment returns. At Altamont, I have been involved in recruiting and developing our team, organizing regular events as well as informal mentoring opportunities. More broadly, I have participated for several years in formal and informal networking events with other leading women in private equity and investment banking, and I have been active on panels in various settings.

What is your advice for women?

First, don’t be afraid to make mistakes – private equity is all about assessing and taking risks, but expect that mistakes will happen along the way so learn from them. Second, speak up – working hard is not enough; you need to make your voice heard to be seen as an impactful thought leader.

When you’re not making deals, what is your favorite thing to do?

I like to stay active – running, walking the dog, playing golf and tennis, playing games with the kids. With the “always on” nature of private equity, I believe that long term health will be much better if we can take time for breaks, put email and phone away and be thankful for the positive things life has to offer.

Palo Alto, CA, and New Iberia, LA – September 4, 2018 – Altamont Capital Partners (Altamont) today announced the acquisition of the assets of The Bayou Companies, LLC (Bayou), a leading pipeline coatings and insulation provider based in New Iberia, Louisiana. Founded in 1942, Bayou was acquired by Aegion Corporation (AEGN) in 2009.

Bayou is widely recognized as a market leader in onshore pipe coatings and offshore coatings and insulation, including highly-specialized insulation for the oil & gas industry. Throughout its long history, Bayou has been a reliable partner for its customers across its mission-critical suite of services and has continued to invest in capabilities that match the increasingly complex demands of the pipeline community. Bayou’s industry-leading suite of products includes the recent development and application of HT-200, the only deep-water insulation coating rated to 360 degrees Fahrenheit. Under Aegion’s ownership, Bayou has invested significantly in building out world-class facilities in its strategically located New Iberia location. Bayou’s prime location and expansive manufacturing and storage footprint provides efficient logistics and seamless operations for its customers.

Bayou will continue to be managed by the existing team led by Evan Russell, President. As part of the transaction, Altamont’s Senior Advisors Ed Will and Pete Lane will join the Board of Bayou. Lane, an industry veteran with extensive experience building global businesses in the oil and gas sector, including operating roles at Schlumberger and as CEO at Axip Energy Services, will join as Executive Chairman of Bayou. In addition, Will brings over 35 years of oilfield experience, most recently as the VP of Marketing and Strategy at Cameron International.

Commenting on the deal, Pete said “Bayou has a fantastic heritage and set of capabilities.  Bayou’s return to operating as a standalone company will be transformational for its employees and customers, and a catalyst to accelerate its growth.” Adding to this, President Evan Russell noted “Bayou is a company that has a great history and an even better future. The entire Bayou team looks forward to working with Altamont to realize our great potential.”

Commenting on the acquisition, Randall Eason, Managing Director of Altamont, said: “We are thrilled to partner with Evan, Pete, Ed, and the team at Bayou to continue their expansion into new products and markets. We believe our patient capital and track record of building businesses will help Bayou capitalize on a compelling market opportunity.” Iain Bridges, Principal at Altamont, added: “Bayou represents our seventh corporate carveout.  We believe our experience in similar situations and our industry resources provide value-added support to management as they continue to innovate and pursue growth opportunities.”

About Altamont Capital Partners

Altamont Capital Partners is a private investment firm based in the San Francisco Bay Area with more than $2.5 billion of assets under management. Altamont is focused on investing in middle market businesses where it can partner with leading management teams to help its portfolio companies reach their full potential. The firm’s principals have significant experience building business success stories across a range of industries, including consumer/retail, industrials, healthcare and financial services.

Contact

Brunswick Group on behalf of Altamont Capital Partners

Ash Spiegelberg

[email protected]

Palo Alto, California, June 27, 2018 – Altamont Capital Partners (“Altamont”), the San Francisco Bay Area-based private equity firm with over $2 billion under management, announced the hiring of Jennifer Mello as its General Counsel and Chief Compliance Officer.  Prior to joining ACP, Jennifer was a Managing Director in TPG’s legal team based in San Francisco, where she provided legal support for TPG’s transactions, fundraising and business development activities.  She previously served as the general counsel of TPG’s dedicated credit and special situations platform. Jennifer began her career as an attorney at Cleary Gottlieb Steen & Hamilton LLP in New York. Jennifer received her J.D. from Northwestern University School of Law and her B.S. from the Edmund A. Walsh School of Foreign Service at Georgetown University.

Palo Alto, CA, Austin, TX and Raleigh, NC (March 5, 2018) – Altamont Capital Partners (Altamont) today announced that it has acquired PF Eastern NC, the largest Planet Fitness franchisee in North Carolina, a deal that brings together two franchisee powerhouses and expands their group to 56 clubs across the US.

The acquisition partners Altamont’s current Planet Fitness franchisee Excel Fitness (Excel), operating 39 fitness clubs across 4 states, with PF Eastern NC, operating 17 fitness clubs throughout the Raleigh, Durham and the Southwest Virginia markets. Operating together as Excel, this partnership helps the collective group deliver an exceptional customer experience and building loyalty through world class operations and its values-driven culture.

As part of the transaction Altamont has partnered with CJ Bouchard, co-founder of PF Eastern NC. CJ brings over 13 years of Planet Fitness experience and will play a pivotal role in managing the business.

“I couldn’t be more proud of the work my team has done, and we’re all excited to reach the next level through our partnership with Excel and Altamont”, CJ Bouchard said. “Excel’s commitment to cultivating a first-class member experience falls right in line with our core values. We look forward to sharing best practices from both sides to continue growing together.”

“This is an incredible opportunity for both teams to partner and continue our momentum”, said Excel President Mike Turner, adding, “The NC team are world-class operators, and with our larger and growing footprint, we’re creating even more opportunities for our employees to build a career with this incredible brand. There’s never been a better time to be part of our Planet.”

Echoing that sentiment, Kevin Mason, a Principal of Altamont, said, “Culture was a key piece as we considered our next partnership. These two groups have created a member-first culture that begins at the front desk of every club and carries into the back office. We’re excited to continue our growth together to bring Planet’s unique value proposition to even more people with these strong operators leading the way.”

Excel Fitness Holdings Group is a portfolio company of Palo Alto-based private equity firm Altamont Capital Partners, which formed Excel Fitness Holdings in 2016 through their acquisition of 17 Planet Fitness health clubs in Texas. Excel quickly expanded to 26 clubs through additional acquisitions in Tulsa and Northwest Arkansas in 2016 and accelerated its growth by building 13 additional clubs. With the addition of PF Eastern NC, Excel currently operates 56 clubs across 6 states.

Marks & Klein LLP advised and represented PF Eastern NC, while Ropes & Gray LLP and Bass, Berry & Sims PLC advised and represented Altamont.

About Planet Fitness
Founded in 1992 in Dover, N.H., Planet Fitness (NYSE: PLNT) is one of the largest and fastest-growing franchisors and operators of fitness centers in the United States by number of members and locations. With more than 1,500 locations in all 50 states, the District of Columbia, Puerto Rico, Canada, and the Dominican Republic, Planet Fitness’ mission is to enhance people’s lives by providing a high-quality fitness experience in a welcoming, non-intimidating environment, which they call the Judgement Free Zone^®. More than 90% of Planet Fitness stores are owned and operated by independent business men and women.

About Altamont Capital Partners
Altamont Capital Partners is a private investment firm based in the San Francisco Bay Area with over $2 billion of capital under management. Altamont is focused on investing in middle market businesses where it can partner with leading management teams to help its portfolio companies reach their full potential. The firm’s principals have significant experience building business success stories across a range of industries including consumer/retail, financial services, government services, industrials and healthcare, and have made numerous investments in the franchise operations and multi-unit retail sectors.

Contact  
Excel Fitness Holdings, LLC
Chris Epper, Director of Marketing
[email protected]
(512) 643-3322

Palo Alto, California, January 8, 2018 – Altamont Capital Partners (“Altamont”), the San Francisco Bay area‐based private equity firm with over $2 billion under management, announced today that John R. Barr has joined the firm as an Operating Partner. Mr. Barr will partner with the Altamont team to acquire and build market leading companies in the medical device sector.

Mr. Barr is a proven executive with over 25 years of experience running medical device businesses across a diverse range of healthcare verticals. Most recently he was Chief Executive Officer of Surgical Specialties, a leading supplier of wound closure products and surgical knives to major medical device companies. Prior to Surgical Specialties, John was Executive Vice President of Bausch + Lomb’s Global Surgical Business Unit, a manufacturer of equipment and instruments for ophthalmic procedures; President & CEO of AGA Medical, a global provider of minimally invasive medical devices for the treatment of structural heart defects; President & CEO of V.I. Technologies, a leading innovator in pathogen inactivation technologies for transfusion blood products; and President of North American Operations at Haemonetics, a global leader in equipment and disposable products for blood processing. Mr. Barr started his career at Baxter Healthcare.

“We are very excited to welcome John to the team. John’s deep industry experience, operating skillset, and track record of building and leading successful platform companies will help meaningfully broaden our reach across the medical device space,” said Altamont Managing Director Casey Lynch.

Mr. Barr added, “I am excited for the opportunity to partner with the Altamont team and believe there are multiple opportunities across medical device end markets that would benefit from their unique, thoughtful approach and willingness to dive deep to understand complex situations.”

“Medical device companies are a key focus area for Altamont, and our partnership with John demonstrates the firm’s continued interest in investing capital in the space,” added Altamont Principal Melissa Francis. “We believe the combination of John’s industry and operational knowledge and Altamont’s expertise in healthcare investing, with a focus on transitioning family- and founder-owned businesses and corporate carve out transactions, make us a unique potential partner for businesses in the space.”

Palo Alto, CA, December 14, 2017 – Altamont Capital Partners has closed the sale of its portfolio company, HUF Worldwide, (HUF), a leading skate and streetwear brand, to TSI Holdings, a Japanese company managing a portfolio of leading apparel brands.

HUF, founded by Keith Hufnagel as a skate hard-goods and apparel shop in San Francisco, developed its own label into one of the most sought after brands in the skate and streetwear communities.  In 2014, the company partnered with investment firm, Altamont Capital Partners to support its growth and has continued to expand its business under Altamont’s ownership.  The HUF Worldwide company includes the Lakai Limited Footwear brand – also part of the transaction.

Commenting on the transaction, Hufnagel said, “We’ve had a long relationship with TSI as our distribution partner in Japan.  I have total confidence that they understand HUF as a brand and that we will be able continue to create amazing product, which is the most important thing to me.   I also want to thank Altamont and the team there for all of their support – they have been great partners.”

Under TSI, HUF will operate as an independent global brand and will continue to be led by Keith Hufnagel (Founder), Steve Holley (CEO) and Jon Brubaker (CFO).  HUF global headquarters will continue to be located in Irvine, CA and creative offices will continue to be located in Downtown Los Angeles.

To facilitate the transaction, William Blair & Company, L.L.C. acted as the exclusive financial advisor and Ropes & Gray provided legal advice to HUF and Altamont Capital Partners on the transaction.

Lincoln International served as financial advisor and Wilson Sonsini Goodrich & Rosati acted as legal counsel to TSI Holdings

About Altamont Capital Partners

Altamont Capital Partners is a private investment firm based in the San Francisco Bay Area. Altamont is focused on investing in businesses where it can partner with leading management teams to help the companies reach their full potential. The firm’s principals have significant experience building business success stories across a range of industries.

About HUF

HUF is a leading skateboard and streetwear apparel and footwear business based in Los Angeles.   The company was founded on Keith Hufnagel’s belief that the skateboarding lifestyle brings together a vast assortment of similar countercultures: from artists, to musicians, to photographers, to any creative like-minded individual, transcending race and social structure, and exposing the individual to a world free of prejudice or restriction.  The company strives to express these values in the HUF collection.

About TSI Holdings

TSI Holdings is one of Japan’s leading apparel companies with a portfolio of over 40 brands and over 2,000 retail points of sale throughout Japan and Asia. TSI Holdings (TSE 3608) is a public company on the Tokyo Stock Exchange.

Contact:

Kristin Johnson

Managing Director, Head of Business Development

[email protected]

Huntsville, AL and Palo Alto, CA, September 1, 2017 — Altamont Capital Partners (Altamont) today announced a majority equity investment into Sequel Youth & Family Services (Sequel), a leading, national provider of diversified behavioral health programs across the U.S.  Founded in 1999, Sequel currently operates 44 distinct programs, ranging from residential treatment to community based programs, across 19 states.

Sequel will continue to be led by CEO John Stupak, who has been a part of the company’s leadership since 2007.  Sequel’s co-founder, Jay Ripley, will remain involved with the business as Chairman of the Board through its next phases of growth.

John Stupak, commenting on the deal, said: “Sequel has built a reputation for providing best-in-class behavioral health services, often in areas where there is particularly critical unmet need.  At our core, we attribute our success to our strong sense of mission to improve the lives of our clients, our staff and our customers, as well as to our strong company culture and dedication to our core values which has remained unchanged from the beginning. We believe the partnership with Altamont will enable us to further accelerate the growth of our programs and allow us to help impact an even broader set of clients, while retaining the same highest care standards we have maintained from our founding.”

Casey Lynch, Managing Director at Altamont, said: “The Sequel team has impressed us with their ability to provide the highest quality of care in addressing behavioral health needs across a range of populations.  We believe there are tremendous continued growth opportunities ahead via both organic expansion and acquisition of new programs, and Altamont is excited to partner with the Sequel team to support this next phase of growth.”

Terms of the transaction were not disclosed. Bengur Bryan and Brown Winick served as Sequel’s financial and legal advisors, respectively. Altamont was advised by Ropes & Gray.

About Altamont Capital Partners

Altamont Capital Partners is a private investment firm based in the San Francisco Bay Area with over $2 billion of capital under management.  Altamont is focused on investing in middle market businesses with leading management teams, helping its portfolio companies reach their full potential.  The firm’s principals have significant experience building business success stories across a range of industries, including financial services, government services, consumer/retail, business services, industrials, and healthcare.  For more information, visit www.altamontcapital.com.

About Sequel Youth & Family Services

Sequel Youth and Family Services (“Sequel”) is a leading, national provider of diversified behavioral health services for children, adolescents and adults with behavioral, emotional or physical challenges. Sequel was founded in 1999 to operate a single school for adjudicated delinquent boys. Since then the company has experienced tremendous growth and now operates 44 programs across 19 states in the U.S., serving approximately 9,000 clients from 42 states and U.S. territories. Sequel offers a comprehensive, unique, and scalable spectrum of services with a historical focus on the unmet mental health needs of at-risk adolescents.  For more information, visit www.sequelyouthservices.com.

Chantilly, VA and Palo Alto, CA, August 14, 2017 — Altamont Capital Partners (Altamont) today announced that it has sold OMNIPLEX World Services Corporation (OMNIPLEX), a leading provider of protective and investigative services to government and commercial customers, to Constellis, a portfolio company of Apollo Global Management, LLC. Altamont originally invested in OMNIPLEX in 2012.

Headquartered in Chantilly, VA., OMNIPLEX has approximately 2,100 employees and a network of 1,700 investigators operating across the U.S.  OMNIPLEX has an established track record as a leading provider of physical security, investigative and risk management services to federal government customers, primarily within the intelligence community.  Over its 27-year history, OMNIPLEX has developed an outstanding reputation within its core markets as a trusted operating partner to sophisticated customers with complex service requirements.

Randall Eason, Altamont Managing Director said, “We were pleased to continue OMNIPLEX’s long history of providing the highest quality, mission-critical services to its customers and are excited to see the company’s next chapter as part of Constellis.”

Commenting on the transaction, CEO Mike Santelli said, “We thank Altamont for the guidance, partnership, and resources they have provided over the last five years.  The merger is an excellent fit for both companies as OMNIPLEX and Constellis are known for commitments to the missions of our collective customers and high standards of excellence in the services each organization provides.”

Alex Rolfe, Altamont Managing Director added: “It was a privilege to work with OMNIPLEX’s outstanding management team during our investment and we wish them continued success going forward.”

Terms of the transaction were not disclosed.  Bluestone Capital Partners served as financial advisor to Altamont in the transaction.  Ropes & Gray LLP served as legal counsel to Altamont and Arnold & Porter as counsel to OMNIPLEX.

About Altamont Capital Partners

Altamont Capital Partners is a private investment firm based in the San Francisco Bay Area with over $2 billion of capital under management.  Altamont is focused on investing in middle market businesses with leading management teams, helping its portfolio companies reach their full potential.  The firm’s principals have significant experience building business success stories across a range of industries, including financial services, government services, consumer/retail, business services, industrials, and healthcare.  For more information, visit www.altamontcapital.com.

About OMNIPLEX

OMNIPLEX provides protective services and background investigations to the Intelligence Community and federal government. It is managed under two operating groups, which include the Protective Services Group (“PSG”) and Investigative Services Group (“ISG”). The company was founded in 1990 and has been majority-owned by Altamont Capital Partners since 2012.  Throughout their 27 year history, OMNIPLEX has been a trusted provider of integrated security service solutions, delivering best-in-class background investigations, personnel security, and protective security services to the Intelligence Community, the Department of Homeland Security, and other federal government agencies and commercial clients. Their national footprint of nearly 3,800 staff, Security Officers, and Investigators share a corporate commitment to providing integrity, quality, and service in support of each customer’s unique mission.  For additional information, please visit www.OMNIPLEX.com.

About Constellis

Constellis is the leading provider of risk management, humanitarian, social intelligence, training and operational support services to government and commercial clients throughout the world. Operating in over 45 countries, Constellis’ 20,000 employees bring unparalleled dedication and passion for creating a safer world by upholding the highest standards of compliance, quality and integrity. Constellis’ forward-thinking solutions span a broad range of synergistic services, including background investigations, social intelligence tools, advanced training capabilities, logistics and life support, UAV systems, global tracking technology, fire protection and medical services, information security and crisis response mitigation. At Constellis, our number one mission is to secure success for our customers. For more information, visit www.constellis.com.

About Apollo

Constellis is a portfolio company of certain funds managed by affiliates of Apollo Global Management, LLC (together with its consolidated subsidiaries, “Apollo”), a leading global alternative investment manager with offices in New York, Los Angeles, Houston, Chicago, St. Louis, Bethesda, Toronto, London, Frankfurt, Madrid, Luxembourg, Mumbai, Delhi, Singapore, Hong Kong and Shanghai. Apollo had assets under management of approximately $197 billion as of March 31, 2017 in private equity, credit and real estate funds invested across a core group of nine industries where Apollo has considerable knowledge and resources. For more information about Apollo, please visit www.agm.com.

Contact

Brunswick Group on behalf of Altamont

Aman Battish

[email protected]

(415) 671-7676

Palo Alto, California.  July 31, 2017 – Altamont Capital Partners (“Altamont”), the San Francisco Bay Area-based private equity firm with over $2 billion under management, announced today that Richard Asprey has joined the firm as an Operating Partner.  Mr. Asprey will focus on investment opportunities and advising Altamont portfolio companies in the insurance and reinsurance sectors.

Most recently, Mr. Asprey was the CEO of Celestite Insurance Group, a nonstandard auto managing general agency issuing polices and administering claims on behalf of a consortium of insurance and reinsurance companies.  Previously, he worked in a number of different capacities in both insurance distribution and underwriting, including at ACE, Odyssey Re, and Lowndes Lambert Group (now part of Arthur J. Gallagher).  Mr. Asprey started his career in insurance as an apprentice at age 16 at Lloyds of London.

Commenting on joining Altamont, Richard remarked, “I am excited to commence a new partnership with Altamont.  I enjoyed working together during their investment in Celestite and am excited to start looking at new opportunities together across a variety of areas within the insurance space.”

Keoni Schwartz, Managing Director of Altamont further added: “We are very excited to officially welcome Richard to the team.  We have had a tremendous amount of respect for him since our first meeting and feel lucky to be adding his skillset and intellect to Altamont.  The insurance sector is one of our key focus areas and we look forward to Richard’s help in broadening our reach within it.”

ABOUT ALTAMONT CAPITAL PARTNERS

Altamont Capital Partners is a private equity firm based in the San Francisco Bay area managing over $2 billion in capital, focused on investing in change-intensive middle market businesses where it can partner with leading management teams to help its portfolio companies reach their full potential. The firm’s principals have significant experience building business success stories across a range of industries.

The Robert Allen Group and Duralee Fabrics, Ltd. are proud to announce that they have merged and are now operating divisions of a new company, The Robert Allen Duralee Group (The RAD Group). By combining forces, both companies and their multiple brands are ideally positioned to provide an expanded offering of world class products and services to the interior design community and commercial customers. Importantly, the existing brand portfolio of both companies will continue to exist, and flourish, within the combined business. The efficiencies created by this merger enable The Robert Allen Duralee Group to design, market, and distribute the most comprehensive offerings in the home furnishings industry. The unprecedented merger of two industry-leading companies instantly makes The Robert Allen Duralee Group an industry powerhouse.

Lee Silberman, long-time Duralee executive, has been named CEO of The Robert Allen Duralee Group and will lead the combined companies in this next phase of growth and development. The
broader management team of the newly formed company will be comprised of senior leaders from both companies, forming a best-in-class executive team with extensive industry experience.

“We are in an industry that is constantly evolving. By leveraging the rich history and resources of these two design industry leaders, we have created the opportunity to reshape and improve the client experience in luxury home décor. The combined product lines, multiple brands and expanded product categories create one of the most extensive offerings in the market and secure our position as a full service design resource. Our goal is to provide a complete product offering for today’s design professional – and to do it with a service level that is the best in the industry,” said Silberman. The Robert Allen Group was owned by investment firm Altamont Capital Partners (Altamont) prior to the combination, with Altamont continuing to serve as a financial partner to The Robert Allen Duralee Group on a go-forward basis.

“We look forward to supporting the management team in their pursuit of the many exciting growth and innovation opportunities this merger presents,” said Steve Brownlie, Managing Director of
Altamont. The Robert Allen Duralee Group will be headquartered in Hauppauge, New York and will have
locations worldwide.

About The Robert Allen Group
The Robert Allen Group is one of the world’s largest designers of fine fabrics for the interior design trade, and for over 75 years has been recognized as a brand leader in its field. Based in the USA, the company sells its products under the Robert Allen, Beacon Hill, Robert Allen Contract, and Robert Allen @ Home brands and is renowned for the Robert Allen Color Library, widely known as the first fine fabric collection to be designed by color. The Robert Allen Group has showroom locations throughout the United States, Canada, and the United Kingdom, and an extensive worldwide agent showroom network.

About Duralee Fabrics, Ltd.
For over 60 years, Duralee has met and exceeded the needs of its customers by providing innovative and high quality home furnishing products. Duralee’s offerings are expansive—ranging from fabric and furniture to trim and drapery hardware. Its mission is to provide inspired fabric, furniture and home furnishings in order to bring design concepts to life. From humble beginnings, Duralee has grown to include showrooms throughout the United States, as well as worldwide, servicing more than
40 countries around the globe.

Palo Alto, California, January 19, 2017 – Altamont Capital Partners (“Altamont”), the San Francisco Bay area‐based private equity firm with over $2 billion under management, announced today that Michael A. Griffith has joined the firm as an Operating Partner. Mr. Griffith will partner with the Altamont team to acquire and build market leading companies in the pharmaceutical services sector.

Mr. Griffith is a proven executive with over 20 years of experience running businesses that provide agency regulated outsourced services to pharmaceutical clients. Most recently he was President of the Commercial Division of inVentiv Health, a leading global provider of biopharmaceutical outsourcing services across the continuum of research and commercialization of drugs. Prior to inVentiv, Michael was CEO at Laureate Biopharma, a contract development and manufacturing company specializing in protein therapeutics; Founder and CEO of Aptuit, a global contract drug development company; and Chairman and CEO of ChiRex, a global contract development and manufacturing business. Michael has served on numerous public company boards including the board of Repligen Corporation. Mr. Griffith started his career at Credit Suisse First Boston and Bankers Trust Company in New York.

“We are very excited to partner with Michael to build a leading platform in the pharmaceutical services space,” said Altamont Managing Director Casey Lynch. “Michael’s broad base of relevant experience with multiple successful platform companies across a range of outsourced services and his deep network of relationships with biopharmaceutical companies positions Altamont to actively pursue investment opportunities across the pharmaceutical value chain.”

Mr. Griffith added: “I am delighted to partner with the Altamont team to pursue new investment opportunities. Over the course of my work with Altamont to date, I have come to appreciate the firm’s thoughtful approach and willingness to dig into complex situations, deep respect for the managers of their portfolio companies, and the wealth of resources Altamont brings to value creation. We believe there are a number of opportunities to invest capital in this sector which will benefit from their unique approach.”

“Altamont’s partnership with Michael demonstrates our interest in investing capital in this growing segment of healthcare,” added Melissa Francis, Principal at Altamont. “We believe the combination of his expertise in the industry and Altamont’s expertise in healthcare investing, with a particular focus on corporate carve-out transactions and transitioning family- and founder-owned businesses, make us a unique potential partner for businesses in the space.”

Palo Alto, CA, and St-Lin-Laurentides, Quebec – December 12th, 2016 –Altamont Capital Partners (Altamont) today announced the acquisition of Maxi Canada, Inc. (Maxi), a leading manufacturer of frozen poultry products based in St-Lin-Laurentides, Quebec.

Maxi, founded in 1970, has developed an attractive portfolio of frozen poultry products sold throughout the United States. The Company is known for its high quality, great tasting products, sold under the Yummy and Dino Buddies brands. The Dino Buddies better-for-you attributes, distinct shapes and fun packaging have driven extraordinary success as a “mom-approved” product that is tasty and fun for kids, and increasingly popular among millennials. The Company will benefit from oversight and support led by Altamont’s operating partner and CEO of Tall Tree Foods, Tim Bruer. Mr. Bruer will support and lead the existing management team as Executive Chairman to drive the continued growth across the US, and development of new products. The Company’s plant and office will remain in St-Lin-Laurentides.

Commenting on the acquisition, Casey Lynch, Managing Director of Altamont, said: “Maxi has developed a suite of great tasting and desirable products that consumers love and we are thrilled to partner with the team to continue to deliver great products. We believe our industry experience and dedicated operating partners can provide value-added support to management as they continue to pursue growth opportunities.”

Tim Bruer added, “The Dino Buddies brand has great growth potential and we look forward to expanding the distribution of existing products as well as exploring new products and adjacencies.”
Financing for the acquisition was provided by Royal Bank of Canada, National Bank of Canada and Bank of America Merrill Lynch.

Houlihan Lokey served as the exclusive financial advisor to Maxi Canada, Inc.

About Altamont Capital Partners

Altamont Capital Partners is a private investment firm based in the San Francisco Bay Area with $2B+ of capital under management. Altamont is focused on investing in middle market businesses where it can partner with leading management teams to help its portfolio companies reach their full potential. The firm’s principals have significant experience building business success stories across a range of industries, including consumer/retail, industrials, healthcare and financial services.

Contact
Brunswick Group on behalf of Altamont Capital Partners
Aman Battish
(415) 671-7676
[email protected]

Atlanta, GA, November 28, 2016 — Access Holdco Management, LLC (Access), a leading insurance managing general agency focused on the non-standard auto market, has purchased the Occidental Fire & Casualty Company of North Carolina (Occidental) Massachusetts non-standard auto insurance book from IAT Insurance Group (IAT). Occidental, a diversified property and casualty insurance company, is part of the IAT Insurance Group, and recently had its Financial Strength Rating (FSR) of A- (Excellent) and Long-Term Issuer Credit Ratings (ICR) of “a-“affirmed by A.M. Best.

IAT is transitioning its directly produced (core) auto book to Access through the sale, but will continue to act as the issuing carrier via its subsidiary, Occidental Insurance Company. The Massachusetts book of business is approximately $35 million in annual premium and is distributed through a network of independent insurance producers. The purchase of the Occidental non-standard book constitutes a substantial stepping stone in Access’ evolution to diversify its offerings to their producers and insureds.

Access, a full-service managing general agency, originates, underwrites, and provides policy and claims management for their insurance company partners. Over the past 22 years, Access has successfully managed books of business for numerous insurance companies. In December of 2015, Access received a substantial growth equity investment from Altamont Capital Partners (“ACP”), a middle market-focused private equity firm with significant experience investing within the insurance industry. Access is working alongside ACP to pursue opportunities to strengthen the Access book of business with targeted acquisitions.

Michael McMenamin, Access President and CEO, commented on the purchase: “We are excited about the opportunity to enter the Massachusetts auto insurance market and further diversify our book of business. We are very pleased to partner with IAT and use our platform and expertise to manage the Occidental program.”
Bill Cunningham, Chief Executive Officer of IAT said: “We’ve long admired Access’ expertise in managing non-standard auto programs, as well as their technology platform, use of metrics and analytics, and first-class services. Having Access manage the Occidental Massachusetts book of business gives us great comfort knowing existing policyholders and producers will continue to receive a great product.”

Keoni Schwartz, Co-Founder and Managing Director at ACP, said: “We are thrilled with the purchase of Occidental’s Massachusetts business from the IAT Insurance Group, and are focused on supporting Access through other targeted acquisitions that leverage the scale and diversity of the Access technology platform and services.
About Access Holdco Management, LLC

Access offers specialty property and casualty automobile insurance programs that include low down payments, flexible payment plans, easy reinstatements, and bilingual customer services to meet the needs of the nonstandard customer. These products are distributed through a network of carefully selected independent insurance producers.
Known as a leader in the insurance industry, the company’s focus on technology innovation ensures an enhanced customer experience through streamlined, accurate, and user-friendly processes. Access utilizes technology paired with human intellectual capabilities to efficiently manage over $300 million in premiums annually, partnering with 9,000 independent insurance producers to insure its policyholders.

Access is the fifth largest non-standard auto provider in California, ranking in the top 30 non-standard auto groups in the USA. The company has consistently been recognized as a top privately-held company, and has received multiple awards for technology innovation in the insurance industry.
Access was founded in 1994 and is headquartered in Atlanta, Georgia. For more information, visit www.access.com.
About Altamont Capital Partners

Altamont Capital Partners is a private investment firm based in the San Francisco Bay Area with over $1 billion of capital under management. Altamont is focused on investing in middle market businesses with leading management teams, helping its portfolio companies reach their full potential. The firm’s principals have significant experience building business success stories across a range of industries, including financial services, government services, consumer/retail, industrials, and healthcare, and have made numerous investments in the insurance sector. For more information, visit www.altamontcapital.com.
About IAT Insurance Group

IAT Insurance Group is a global insurance organization made up of five operating divisions – each sharing the same quality standards, commitment to service and innovation, and an overall mission of excellence. IAT Insurance Group leverages its experienced leadership talent, sound analytics, proven operating platforms, and extensive risk capabilities across the entire enterprise to deliver specialized, sustainable solutions for its commercial and personal lines clients. To learn more, visit www.iatinsurancegroup.com.

With GILICO and KLR in place, Kuvare’s platform to provide life and annuity solutions to middle-market customers will
continue to grow through its acquisition-led strategy

CHICAGO–(BUSINESS WIRE)– Kuvare Holdings LP (“Kuvare” or “The Company”), a growth-oriented insurance
platform, is pleased to announce the completion of its purchase of Guaranty Income Life Insurance Company
(“GILICO”) and, separately, the establishment of a new reinsurer, Kuvare Life Re Ltd. (“KLR”), and execution of a
closed-block reinsurance transaction with a highly rated insurance company. With the completion of these two
transactions, Kuvare’s consolidated assets exceed $1 billion.

GILICO, a Legal Reserve Life Insurance Company based in Baton Rouge, LA, is licensed in 31 states and focuses on
protecting middle-market customers through the sale of annuities, life insurance and supplemental insurance products.
Kuvare’s acquisition received final approval from the Louisiana Department of Insurance last week. GILICO’s
headquarters, management team and staff will remain in Baton Rouge.

KLR’s initial reinsurance transaction includes a portfolio of fixed annuity products from a highly rated insurance
company. In establishing KLR, a Bermuda Monetary Authority, registered Class E Insurer, Kuvare is well positioned to
provide flexible capital solutions to the life insurance and annuity market.

“It has been a pleasure to work with GILICO’s management team over the last year and we look forward to continuing
to work with them as we expand the business and seek new opportunities in the years to come,” said Kuvare CEO
Dhiren Jhaveri. “With GILICO and KLR, Kuvare’s platform is now well equipped to serve middle-market customers.
These strategic acquisitions are the foundation for our operating model going forward – unlocking growth by expanding
product breadth and distribution, as well as implementing tactical asset management strategies and partnering with
insurance carriers to provide additional services and solutions.”

“We look forward to expanding Kuvare’s capabilities, as we continue to grow new products and services for middlemarket
customers,” added Jhaveri. For the GILICO transaction, Sandler O’Neill + Partners, L.P. was the financial
advisor to Kuvare, with Sidley Austin LLP and Jones Walker LLP acting as legal counsel. For the formation of KLR and
execution of the initial reinsurance transaction, Appleby (Bermuda) Limited and Sidley Austin LLP served as legal
counsel.

About Kuvare Holdings LP

Kuvare provides proven capabilities, strategic support, substantial resources and patient capital to help leading
insurance companies pursue and achieve sustainable growth opportunities. It was founded by industry executive
Dhiren Jhaveri and is backed by a consortium of long-term capital firms including Altamont Capital Partners, Makena
Capital Management and Access Holdings (a group collectively managing more than $20 billion). With its patient
capital, Kuvare targets differentiated annuity and life insurance companies to bring into its family of brands. Kuvare is
based in Chicago and partners with companies across North America. www.kuvare.com

Contacts
Fund Lab
Alex Jeffrey
[email protected]
847.921.4099

Source: Kuvare Holdings LP

Houston, TX, and Kent, WA – August 15, 2016 – Tall Tree Foods, a portfolio company of Altamont Capital Partners (Altamont), today announced the acquisition of The January Company (January), a leading manufacturer of Chinese-style meat products based in Kent, Washington.

The January Company, founded in 1948, has been owned and operated by the company’s current president and CEO, Jim Ding, for over four decades. The company is renowned for its high quality, authentic and great-tasting Chinese-style sausage and BBQ pork products sold throughout the United States under the Kam Yen Jan and Yangtze brands. The Company will add to the basis of Tall Tree Foods Holdings Inc., a holding company led by Altamont’s operating partner and CEO of Tall Tree Foods, Tim Bruer. January brings an attractive portfolio of high quality products to Tall Tree Foods, as well as additional diversity and geographic expansion. Tall Tree Foods will build upon the longstanding heritage and brand equity that Mr. Ding and his team have consistently provided its customers since inception.

Commenting on the acquisition, Mr. Bruer said: “We are excited to add The January Company to the Tall Tree Foods portfolio – its authentic products and strong brand equity are an excellent foundation that we will continue to build upon. The Company is well positioned to capitalize on the substantial growth opportunities in both its current markets and beyond.”

Mr. Ding will continue to lead the business through a transition period along with the current management team based in Kent. The Company’s plant and office will remain in Kent.

Mr. Ding commented: “We are pleased to have the future of The January Company in the hands of new ownership with Altamont Capital Partners and Tall Tree Foods. I want to thank the many employees and family members who have worked so hard to get the business to where it is today. We look forward to the future growth of the brand.”

Tall Tree Foods financed the acquisition with Fifth Third Bank and Owl Rock Capital Corporation.

BMO Capital Markets (formerly Greene Holcomb Fisher) served as the exclusive financial advisor to The January Company.

About Tall Tree Foods 

Tall Tree Foods is a food holding company backed by Altamont Capital Partners. In June 2013, Tall Tree Foods acquired the Blue Ribbon Bacon and Sausage business in Southeast Texas, and Richard’s Cajun Foods, a leading manufacturer of authentic sausage and ready-to-eat meals sold in Louisiana, Texas and other southeastern states. In May 2014, Tall Tree Foods acquired Klement’s Sausage Company, a Milwaukee-based manufacturer of European-heritage meat products.

About Altamont Capital Partners

Altamont Capital Partners is a private investment firm based in the San Francisco Bay Area with approximately $1.3 billion of capital under management. Altamont is focused on investing in middle market businesses where it can partner with leading management teams to help its portfolio companies reach their full potential. The firm’s principals have significant experience building business success stories across a range of industries, including government services, financial services, consumer/retail, industrials and healthcare.

Contact
Brunswick Group on behalf of Altamont Capital Partners
Aman Battish
(415) 671-7676
[email protected]

Chicago – March 9, 2016. Kuvare Holdings, a growth-oriented insurance platform, is proud to announce the backing of investors Altamont Capital Partners, Makena Capital Management and Access Holdings, a group that collectively manages more than $20 billion of capital on behalf of stable, long-term oriented investors. Kuvare will deliver diversified annuities, life insurance, and supplemental products to the middle-income and mass affluent consumer segments through its acquisition-led growth strategy.

Kuvare is targeting differentiated annuity and life insurance companies to bring into its family of brands. The firm will work with existing management teams to unlock growth by expanding product breadth and distribution as well as implementing tactical asset management strategies. The firm also will partner with reinsurance companies to provide additional services and solutions to primary carriers.

Recognizing the potential for a stable, well-capitalized insurance platform for middle-market consumers, Kuvare’s investors committed funds to support the formation of the firm and sustain its long-term strategy. “Kuvare is an ideal growth partner for existing insurance companies, given its access to substantial, long-term oriented capital sources,” said Keoni Schwartz, Co-Founder and Managing Director of Altamont Capital.

Kuvare was founded by Dhiren Jhaveri, a former executive of Sammons Financial Group (SFG), the holding company for Midland National Life Insurance Company and North American Company for Life and Health (NACOLAH). Jhaveri leads a talented team of operators with established track records of success within the top 30 U.S. insurance companies. On the creation of Kuvare, Jhaveri noted, “Despite aging U.S. demographics, middle-market consumers are significantly underserved when it comes to life insurance and supplemental products. With a base of patient capital, Kuvare is well-funded and actively acquiring insurance practices that are in search of an outside growth partner.”

Dave Burke, CEO and Managing Director of Makena Capital Management, added, “We are excited to partner with Dhiren’s team as they continue building world-class products and distribution platforms across the middle market life insurance and annuity landscape.”

“There is a great market opportunity ahead for Kuvare,” said Kevin McAllister, Founding Partner of Access Holdings. “We look forward to working with Dhiren and the entire management team to build great value for Kuvare’s customers and our capital partners over the long-term.”

Kuvare is based in Chicago and partners with companies across the U.S. In October, Kuvare announced the acquisition of Guaranty Income Life Insurance Company (GILICO), a Legal Reserve Life Insurance Company based in Baton Rouge, LA and licensed in 31 states.

About Kuvare Holdings 

We provide proven capabilities and patient capital to trigger sustainable growth at leading insurance companies. Founded by industry executive Dhiren Jhaveri and backed by long-term capital partners, Kuvare provides strategic support and substantial resources to help companies pursue and achieve sustainable growth opportunities.

About Altamont Capital Partners 

Altamont Capital Partners is a private investment firm based in the San Francisco Bay Area with over $1 billion of capital under management. Altamont is focused on investing in middle-market businesses with leading management teams, helping its portfolio companies reach their full potential. The firm’s principals have significant experience building business success stories across a range of industries, with financial services and insurance, in particular, being a core area of expertise.

About Makena Capital Management

Makena Capital Management is a global, multi-asset class investment manager that provides a range of pooled investment vehicles with the objective of long-term, risk-adjusted capital appreciation. Makena currently manages $20 billion in perpetual capital, providing endowment-style investment solutions to institutional investors around the world. The firm was founded in 2005 by principals from leading North American endowments and foundations.

About Access Holdings

Access Holdings Management Company is a Baltimore-based private investment firm backed by a large family office and invests in services based opportunities within the U.S. and Canada with enterprise values between $50 million and $1.0 billion. Founded in 2013, Access aims to generate attractive, lowvolatility returns for our investors through systematic sourcing, focused deployment and thoughtful execution.

Palo Alto, CA and Pflugerville, TX, February 2, 2016—Altamont Capital Partners (Altamont) today announced that it has acquired Excel Fitness Holdings, Inc. (Excel Fitness), the largest Planet Fitness franchisee in Texas, operating 18 fitness clubs throughout the Dallas and Austin markets. As part of the transaction, Altamont has partnered with Greg Attwood and Mike Turner, the prior majority owners of Excel Fitness along with Kimberly Attwood and Scott Attwood. Greg and Mike will continue to manage the business and will each retain significant equity stakes.

“This is an exciting day for our company”, Excel Fitness founder Greg Attwood said. “I am extremely proud of what our team at Excel Fitness has accomplished these past eight years and believe the partnership with Altamont positions us incredibly well for future growth. We look forward to introducing even more communities to the high value, low cost, ‘judgement free’ offering that Planet Fitness delivers for its members.”

Excel Fitness President and COO Mike Turner added, “Greg and I are excited to be partnering with Altamont as we embark on this next phase of growth for the business. We all share a similar set of values and ambitions, which is important to our team, and we believe that Altamont’s experience in franchise operations and multi-unit retail will be a helpful resource as we execute on our growth plans.”

Echoing that sentiment, Casey Lynch, a Managing Director of Altamont, said, “We are thrilled to become franchisees of Planet Fitness and to do so alongside leading operators in the system like Greg and Mike. We firmly believe that Planet Fitness’ value proposition and differentiated messaging resonates with members and are excited about the growth opportunity that lies ahead for Excel Fitness.”

The McLean Group and Reger Rizzo Darnall LLP advised Excel Fitness while Ropes & Gray LLP advised and represented Altamont.

About Planet Fitness
Founded in 1992 in Dover, N.H., Planet Fitness (NYSE: PLNT) is one of the largest and fastest-growing franchisors and operators of fitness centers in the United States by number of members and locations. With more than 1,000 locations in 47 states, the District of Columbia, Puerto Rico, Canada, and the Dominican Republic, Planet Fitness’ mission is to enhance people’s lives by providing a high-quality fitness experience in a welcoming, non-intimidating environment, which we call the Judgement Free Zone®. More than 90% of Planet Fitness stores are owned and operated by independent business men and women.

About Altamont Capital Partners
Altamont Capital Partners is a private investment firm based in the San Francisco Bay Area with over $1 billion of capital under management. Altamont is focused on investing in middle market businesses where it can partner with leading management teams to help its portfolio companies reach their full potential. The firm’s principals have significant experience building business success stories across a range of industries including consumer/retail, financial services, government services, industrials and healthcare, and have made numerous investments in the franchise operations and multi-unit retail sectors.

Contact
Brunswick Group on behalf of Altamont
Aman Battish
[email protected]
(415) 671-7676

Spokane, WA and Palo Alto, CA, February 2, 2016 – Altamont Capital Partners (Altamont) today announced that it has sold Cascade Windows (Cascade), a leading manufacturer of windows and patio doors, to CenterOak Partners LLC. Altamont originally invested in Cascade in 2012.

Headquartered in Spokane, WA, Cascade Windows has been designing, manufacturing and selling vinyl windows and sliding doors for more than 25 years. Cascade offers a wide range of customizable products with clean and innovative designs and proven durability for residential and commercial use. The company has an extensive network of dealers, builders and distributors in the western United States, including Arizona, California, Colorado, Idaho, Montana, Nevada, New Mexico, Oregon, Utah, Washington, and Wyoming. Cascade Windows has expanded its geographic reach in recent years through a number of strategic acquisitions, including Paramount Windows (2014), Empire Windows (2011) and LbL Windows (2009).

Terms of the transaction were not disclosed. KeyBanc Capital Markets Inc. served as financial advisor, Ropes & Gray LLP served as legal counsel to Altamont and Foster Pepper PLLC served as legal counsel to the Company.

ABOUT CASCADE WINDOWS

Cascade Windows is a manufacturer of energy efficient, high quality vinyl windows and sliding doors. Since 1989, the company has worked closely with architects, builders and homeowners to design, manufacture and distribute its range of products for residential and commercial use. Cascade Windows products are available through dealers in Alaska, Arizona, California, Colorado, Hawaii, Idaho, Montana, Nevada, New Mexico, Oregon, Utah, Washington and Wyoming. Headquartered in Spokane, WA, the company has additional facilities in Salt Lake City, UT, Tempe, AZ, and Tualatin, OR. For additional information, please visit www.cascadewindows.com.

ABOUT ALTAMONT CAPITAL PARTNERS

Altamont Capital Partners is a private investment firm based in the San Francisco Bay Area with over $1 billion of capital under management. Altamont is focused on investing in middle market businesses with leading management teams, helping its portfolio companies reach their full potential. The firm’s principals have significant experience building business success stories across a range of industries, including financial services, government services, consumer/retail, industrials, and healthcare.

Contact:

Brunswick Group on behalf of Altamont
Aman Battish
[email protected]
(415) 671-7676

Atlanta, GA and Palo Alto, CA, December 23, 2015 – Altamont Capital Partners (ACP) today announced a majority equity investment into Access Holdco Management, LLC (Access), a leading insurance managing general agency focused on the non-standard auto market. Led by founder Michael McMenamin, who will remain President and CEO, as well as a significant shareholder, Access has grown consistently by providing high-quality insurance services to its insurance companies, reinsurers, producers, and policyholders since its founding in 1994.

Michael, commenting on the investment, said: “We are very excited about this transaction and think that it positions Access very well for the future. With Altamont’s resources and capital base, we expect a greater opportunity to achieve our business goals while continuing to provide our producers and policyholders with the innovative technology and superior customer experience that have made our company so successful.”

Keoni Schwartz, Managing Director at Altamont said: “We are thrilled to partner with Access Holdco Management, LLC to build on the company’s successful history and support it in its future endeavors. The team’s achievement in profitably growing its business, and that of its insurance partners, is highly differentiated. Access also has very strong relationships with its independent insurance producers driven by the company’s focus on technology innovation to offer solid underwriting and great customer service.”

Terms of the transaction were not disclosed. Posternak Blankstein & Lund LLP and Estabrook Advisors served as Access’ legal and financial advisors, respectively. Altamont was advised by Ropes & Gray.

ABOUT ACCESS HONDLCO MANAGEMENT, LLC

Access is a full-service managing general agency that provides sales distribution, underwriting, policy administration, and claims processing for their insurance company partner. Through a distribution network of carefully selected independent insurance producers in 14 states, Access offers specialty property and casualty automobile insurance programs that include low down payments, flexible payment plans, easy reinstatements, and bilingual customer services to meet the needs of the nonstandard customer. Known as a leader in the insurance industry, the company’s focus on technology innovation ensures an enhanced customer experience through streamlined, accurate, and user-friendly processes. Access utilizes technology paired with human intellectual to efficiently manage over $230 million in premiums annually, partnering with 8,000 independent insurance producers to insure its policyholders. Access is the fifth largest non-standard auto provider in California, ranking in the top 30 non-standard auto groups in the USA. The company has consistently been recognized as a top privately-held company, and has received multiple awards for technology innovation in the insurance industry. Access was founded in 1994 and is headquartered in Atlanta, GA. For more information, visit www.access.com.

ABOUT ALTAMONT CAPITAL PARTNERS

About Altamont Capital Partners Altamont Capital Partners is a private investment firm based in the San Francisco Bay Area with over $1 billion of capital under management. Altamont is focused on investing in middle market businesses with leading management teams, helping its portfolio companies reach their full potential. The firm’s principals have significant experience building business success stories across a range of industries, including financial services, government services, consumer/retail, industrials, and healthcare, and have made numerous investments in the insurance sector.

Palo Alto, CA and Liberty, MO, July 6, 2015 – Altamont Capital Partners (Altamont) announced today that it has provided capital to support Douglas Products, LLC’s (Douglas) purchase of the Vikane and ProFume businesses from Dow AgroSciences (a subsidiary of The Dow Chemical Company; NYSE: DOW). As part of the transaction, Altamont has partnered with Douglas’ management team and owners, Bill Fuller and Wes Long, who will retain significant equity stakes.

Commenting on the transaction, Douglas’ CEO Bill Fuller noted, “Since acquiring Douglas in 2007, we’ve focused on adding new products to expand our specialty chemicals offerings, and the acquisition of Vikane and ProFume will further diversify our business within the pest control and agricultural markets. I’m excited to partner with both Altamont, and the dedicated professionals of the Vikane and ProFume business who will be joining Douglas.”

As part of the sale, Douglas acquired a state-of-the-art manufacturing facility. Douglas and Dow have entered into a long-term agreement for Dow to continue to operate the facility on Douglas’ behalf. Douglas’ COO and CFO Wes Long elaborated further: “We believe that this arrangement provides our customers with an ideal outcome: they will receive Douglas’ exceptional customer service while also having the assurance that their product will continue to be produced in the same facility, by the same employees, with the same great quality.”

Randall Eason, Managing Director of Altamont, added, “Douglas has built an impressive business and we believe Vikane and ProFume are great additions. We are excited to partner with Bill, Wes, and the rest of the combined team to consummate this transaction, and continue to develop Douglas into a leading specialty chemicals platform.”

Ropes & Gray LLP advised and represented Altamont and Douglas.

ABOUT DOUGLAS

Headquartered in Liberty, Missouri, Douglas Products was founded in 1916 and has grown into a leading manufacturer and distributor of specialty chemical products for pest management, thermal fluids, and sanitary sewer applications. Douglas has developed a long-standing industry reputation for quality products, customer service, and customized solutions.

ABOUT ALTAMONT CAPITAL PARTNERS

ALTAMONT CAPITAL PARTNERS (ACP) is a private equity firm based in the San Francisco Bay Area with over $1 billion in capital under management. ACP is focused on investing in middle market businesses and partnering with leading management teams to help them reach their full potential. The firm’s principals have significant experience building business success stories across a range of industries and transaction types.

Palo Alto, California, May 20, 2015 – Altamont Capital Partners (“Altamont”), the San Francisco Bay Area‐based private equity firm, announced today that Todd Lachman has joined the firm as an Operating Partner. Mr. Lachman will focus on investment opportunities in the consumer sector, with a particular focus on consumer packaged goods.

Mr. Lachman joins Altamont following a distinguished 25‐year career leading global businesses in the consumer sector. His experience spans a variety of segments, including pet care, confectionery, food and household goods, where he has consistently delivered profitable growth and value creation through breakthrough marketing, brand revitalization and portfolio realignment. Most recently, Mr. Lachman was the Global President of the Mars Petcare business, the global leader in the +$70 billion pet food category, where he generated market share gains driven by organic growth and acquisitions, including the multi‐billion dollar acquisition and successful integration of Iams/Eukanuba from Procter & Gamble.Prior to this role, Mr. Lachman served as President of the Mars Chocolate business in North and Latin America, where he substantially improved sales growth and market share, as well as margins, through executing a comprehensive cost reduction plan and reinvigorating a number of core brands. Prior to Mars, Mr. Lachman held senior management roles at Del Monte Foods Company, H.J. Heinz Company, and Procter & Gamble.

Jesse Rogers, Managing Director of Altamont, commented: “We are thrilled to partner with Todd. He brings a wealth of relevant experience and leadership capabilities to the team, demonstrated by the outstanding results he has delivered throughout his successful career.”

“We are excited that Todd has joined the team,” said Altamont Managing Director Casey Lynch. “His demonstrated ability to lead a variety of consumer businesses and his experience building teams to deliver profitable growth will be an incredible asset to our firm.”

Mr. Lachman added: “I am thrilled to join the very talented Altamont team to explore compelling investment opportunities in the consumer sector. Altamont’s track record of successfully acquiring and adding value to businesses makes the firm a perfect partner. I am confident that our unique combination of skills and experience will generate exceptional investments and deliver attractive financial returns.”

ABOUT ALTAMONT CAPITAL PARTNERS

Altamont Capital Partners is a private investment firm based in the San Francisco Bay Area with over $1 billion of capital under management. Altamont is focused on investing in middle market businesses where it can partner with leading management teams to help its portfolio companies reach their full potential. The firm’s principals have significant experience building business success stories across a range of industries including financial services, government services, consumer/retail, industrials and healthcare.

PALO ALTO, Calif. and GRAPEVINE, Texas, Feb. 13, 2015 /PRNewswire/ — Altamont Capital Partners (Altamont) today announced that it has acquired Cotton Patch Cafe, LLC (Cotton Patch), a scratch-made Southern food restaurant concept with 45 locations in Texas, Oklahoma and New Mexico.

Commenting on the transaction, Cotton Patch’s founders, Larry Marshall and Michael Patranella, who opened the company’s first location in 1989, said, “The idea behind the first Cotton Patch Cafe was to create a local restaurant that offered great food made from scratch, served by caring folks who are part of your community. That culture still holds true 25 years later and we are confident that Altamont is the right partner to help bring it to many more communities in the future.”

Cotton Patch CEO Kathy Nelson, who previously held leadership positions at Pizza Hut, Pillsbury, and General Mills, will continue to lead the business and invested alongside Altamont in the transaction. “We look forward to building on Cotton Patch’s strong legacy and see attractive opportunities to expand the concept both in existing and adjacent markets. We believe there are many customers that would appreciate our quality, scratch-made Southern food offered at a value price,” Kathy said, commenting on the deal. “Altamont’s experience in the restaurant industry will be a great resource in helping us execute the company’s plans. The team is aligned with our culture and values and we are excited to partner with them going forward.”

Echoing that sentiment, Jonathan Altman, Principal of Altamont, said, “Cotton Patch has been successful through its focus on value, high-quality food, Southern hospitality and the local community around each restaurant. We are excited to build upon that success and support the management team throughout the company’s next phase of growth.”

“We are thrilled to expand our restaurant portfolio to include Cotton Patch,” added Altamont Managing Director Randall Eason. “We look forward to the opportunity to contribute to the company’s continued success.”

Piper Jaffray & Co. and Locke Lord LLP advised Cotton Patch while Ropes & Gray LLP advised and represented Altamont.

About Altamont Capital Partners
Altamont Capital Partners is a private investment firm based in the San Francisco Bay Area with over $1 billion of capital under management. Altamont is focused on investing in middle market businesses where it can partner with leading management teams to help its portfolio companies reach their full potential. The firm’s principals have significant experience building business success stories across a range of industries including financial services, government services, consumer/retail, industrials and healthcare. The firm has led several restaurant brand investments, including Tacala, the largest franchisee of Taco Bells in the U.S., and Boom Foods, a leading operator of Sonic Drive-Ins. Altamont also recently appointed K.C. Moylan as its Operating Partner focused on investments in the restaurant sector.

Palo Alto, California, January 8, 2015 – Altamont Capital Partners (“Altamont”), the San Francisco Bay area‐based private equity firm with over $1 billion under management, announced today that Daniel Muth has joined the firm as an Operating Partner. Mr. Muth will focus on investment opportunities in the food ingredients sector, and will spearhead a buy‐and‐build business strategy to create a diversified ingredients company.

Mr. Muth is an experienced, proven top executive with over 14 years of experience running private equity‐owned operating companies with a focus in the ingredients sector. Most recently he was Chief Executive Officer and President of International Fiber Corporation, the largest US producer of powdered cellulose and other insoluble fibers for food and industrial applications. Prior to International Fiber, Dan was Chairman and Chief Executive Officer of Fleischmann’s Vinegar Company, the market leader in ingredient‐use vinegar products. Prior to Fleischmann’s, Dan was Chief Financial Officer and EVP of Teleflora, where he led its acquisition integration with competitor AFS. Dan started his career with 11 years in consulting at Bain & Company.

“We are very excited to partner with Dan to build a diversified, leading business in the ingredients space,” said Altamont Managing Director Casey Lynch. “Dan’s track record and experience with multiple ingredients businesses, combined with his strategic vision and operational ability, make him an ideal partner to execute on the strategy.”

Mr. Muth added: “I am thrilled to partner with the Altamont team to pursue our strategy. The ingredients sector remains highly fragmented with significant opportunity to drive performance through portfolio diversification and by adding professionalized management capabilities. We intend to build a platform that leverages our experience adding value to businesses to drive strong returns.”

Palo Alto, California, December 10, 2014 – Altamont Capital Partners (Altamont) today announced it is leading a majority recapitalization of Fox Head, Inc. (Fox), the number one global motocross equipment, apparel and accessory brand. The current owners of the business, the founding Fox family, will continue to own a significant minority interest in the company. The transaction is expected to close in the next 7-10 days.

In addition to Altamont and the Fox family, the shareholder group participating in the deal includes Ricky Carmichael, the most successful motocross rider of all time and Fox athlete since 1988; Carey Hart, freestyle motocross legend and Fox athlete since 1997; and Hybrid Apparel, which will also become a strategic supply chain partner to the company. Fox will continue to operate as a private, independent company out of its headquarters in Irvine, California.

“With deep roots in motocross history, the Fox family has built a strong, authentic brand that consumers trust and respect, proven by decades of success,” said Keoni Schwartz, Co-Founder and Managing Director of Altamont Capital Partners. “Altamont is thrilled to have the opportunity to apply our expertise to help Fox continue to grow and reach its longer-term goals.”

The Fox brand was founded by Geoff Fox in 1974 as a distributor and manufacturer of high-performance motocross parts and within three years boasted a top-ranked professional motocross team. Hand-selected by Geoff Fox, the team’s apparel became increasingly popular with fans, leading to Fox’s emergence as a successful player in the U.S. motocross apparel industry. Fox is now the most recognized and best-selling brand of motocross apparel, boots and accessories in the world. The brand has since expanded its activities into MTB, BMX, surf and wakeboarding and has become an international leader in action sports.

“I have never been more optimistic about the future of the brand or the business,” said Geoff Fox, Founder of Fox Head, Inc. “We’re excited to work with Altamont as we prepare for a new chapter in our story. I’m confident that Altamont’s strategic advice and relevant experience guiding brands to reach their full potential will allow Fox to strengthen its business while preserving the integrity of the brand.”

Today Fox also announced changes to its management team, including the appointment of Pete Fox as the company’s Chief Creative Officer. Additionally, Nick Adcock, CEO, and Bill Bussiere, CFO, will leave the company to pursue other opportunities. Scott Olivet, who will be Executive Chairman on an ongoing basis, will become Interim CEO while executive searches are underway. Olivet has extensive experience in the action sports industries, having served as VP of Nike Subsidiaries, where he led the acquisitions of Hurley and Converse; as the CEO of Oakley Inc.; and as a current Director of Skullcandy. He is also an Operating Partner at Altamont Capital Partners and serves as Chairman of the Board of Dakine, Mervin, HUF and Brixton.

“I want to thank Nick Adcock and Bill Bussiere for their leadership, focus and accomplishments in helping to build a solid business. I wish them well on their next endeavor,” said Geoff Fox. “With Pete rejoining the team and a partnership with Altamont to support the ambitions of the business, Fox is poised for a very bright future.”

“The Fox team has done a tremendous job the last few years weathering a challenging market and positioning itself for the future,” said Scott Olivet. “The Fox brand is authentic and relevant across a number of action sports so we are in the enviable position of being able to choose from a range of growth opportunities. But it’s clear that building on our leadership in motocross will always be our first priority. We will be focused on gaining leadership in product categories where we are not currently number one, increasing the pace of innovation for our consumers, and harnessing our innovation, technologies and athlete and brand stories to serve the market in a compelling way. I’m honored to be part of what Geoff, Greg, Pete, Josie, Anna and John Fox have built over 40 years and to help write the next chapter of success.”

ABOUT ALTAMONT CAPITAL PARTNERS

Altamont Capital Partners is a private investment firm based in the San Francisco Bay Area with over $1 billion of capital under management. Altamont is focused on investing in middle market businesses where it can partner with leading management teams to help its portfolio companies reach their full potential. The firm’s principals have significant experience building business success stories across a range of industries including financial services, government services, consumer/retail, industrials and healthcare.

ABOUT FOX HEAD INC.

Founded in 1974, Fox Head Inc. is the leading designer, marketer and distributor of authentic motocross apparel and equipment for the world’s best riders. Fox is a privately held company with offices in Irvine, CA; Morgan Hill, CA; Calgary, Alberta, Canada; and Barcelona, Spain.

For more information, visit www.foxhead.com and follow @foxheadinc.

Contact:

Brunswick Group on behalf of Altamont
[email protected]
(415) 671-7679

Palo Alto, California, December 1, 2014 – Altamont Capital Partners (Altamont), the San Francisco Bay area-based middle market private equity firm, announced today that K.C. Moylan has joined the firm as an Operating Partner. Mr. Moylan will focus primarily on investment opportunities in the restaurant industry. Altamont has a strong interest in this industry and is excited to work with Mr. Moylan both to augment its existing investments in portfolio companies Tacala and Boom Foods, as well as to make new investments.

Jonathan Altman, a Principal of Altamont, commented: “We are thrilled to welcome K.C. to our team. His extensive experience across a range of leading restaurant brands will help us identify and complete attractive investment opportunities that fit well with Altamont’s strategy. In addition to his deep industry expertise and network of relationships, his strong history of success as an operator will make him a valuable partner as we grow and support our portfolio of restaurant businesses.”

Mr. Moylan has extensive operational and senior leadership experience with multiple restaurant companies, including most recently as President and COO of Pei Wei Asian Diner, where he led 7,000 employees and grew sales by over $200 million in eight years. Before joining PF Chang’s / Pei Wei, he served as CEO of Champs Entertainment where he led growth from five regional stores and $20 million of sales to 36 stores nationally and almost $200 million in sales. His prior experience spans leading regional brands as well as national ones, and ranges from polished casual dining and fast casual dining to hotel development and management. Mr. Moylan is a graduate Northeastern University, with a BS in Business Administration.

Randall Eason, a Managing Director at Altamont, added: “K.C.’s ability to bring both deep operational expertise and broad strategic thinking to restaurant businesses is a rare talent, and one that complements our investing strategy nicely. Given our strong, demonstrated interest in building leading restaurant businesses as well as our focus on partnering with management in helping middle market businesses realize their full potential, we are excited about the opportunities that working with K.C. will present.”

Mr. Moylan remarked: “I am excited to join the impressive team at Altamont. Altamont’s approach to investing and business leadership are attractive to me. Altamont has an outstanding record in pursuing and adding value to middle market investments, and I feel fortunate to join them as they continue to bring this philosophy to the restaurant sector.”

ABOUT ALTAMONT CAPITAL PARTNERS

Altamont Capital Partners is a private equity firm based in the San Francisco Bay area with over $1 billion in capital, focused on investing in change-intensive middle market businesses. The firm’s principals have significant experience building business success stories across a range of industries and transaction types. Altamont is particularly drawn to companies which are constrained for some reason from realizing their full potential. The firm seeks to work in partnership with management to implement strategic and operational change. Altamont is a generalist firm with deep experience in several verticals including business services, financial services, industrials, healthcare, consumer and retail.

For further information:
Brunswick Group on behalf of Altamont
Aman Battish (415) 671-7676
[email protected]

Palo Alto, California, September 8, 2014 – Altamont Capital Partners (“Altamont”), the San Francisco Bay area-based private equity firm with over $1 billion under management, announced today that Dave Odenath has joined the firm as an Operating Partner. Mr. Odenath will focus on investment opportunities in the financial services sector, and will spearhead a buy-and-build business strategy to create a distribution-led asset management company.

Keoni Schwartz, Managing Director of Altamont, commented: “We are thrilled to welcome Dave to our team. His relationships and expertise in the financial services industry, together with his track record of building and leading successful businesses in the sector, will make Dave a valuable partner as we pursue investment opportunities and execute on our asset management business strategy. We believe that a distribution-centered strategy is the right approach given the market environment.”

Mr. Odenath has extensive operational and leadership experience from a 30+ year career in financial services. Most recently he was a Senior Executive Vice President and Head of the Americas at Legg Mason, where he oversaw over $500 billion of assets across several asset management businesses, as well as Legg’s domestic mutual fund company.

Prior to Legg Mason, Dave was President of Prudential Annuities, during which time he successfully acquired and integrated variable annuity businesses totaling $45 billion of assets under management while reshaping the business into a premier player in the market place. Prior to that, he was President of Prudential Investments, a $120 billion retail investment platform where he earned Mutual Fund Marketer of the Year honors from his industry peers.

Mr. Odenath added: “I am extremely excited to be partnering with Altamont team to pursue our strategy. After extensive research, I think that Altamont’s perspective on the market and track record of successfully acquiring and adding value to businesses makes the firm a perfect partner. I’m confident that our unique blend of skills and experience will generate fantastic investment opportunities.”

ABOUT ALTAMONT CAPITAL PARTNERS

Altamont Capital Partners is a private equity firm based in the San Francisco Bay area managing over $1 billion in capital, focused on investing in change-intensive middle market businesses where it can partner with leading management teams to help its portfolio companies reach their full potential. The firm’s principals have significant experience building business success stories across a range of industries, including financial services, within which they have made investments in asset managers, insurance and insurance-related businesses, broker dealers, banks, and specialty lenders.

Dallas and Palo Alto, California, March 4, 2014 /PRNewswire/ – Altamont Capital Partners (Altamont) today announced a majority equity investment into Celestite, a leading insurance managing general agency focused on the non-standard auto market. Led by founder Richard Asprey, who will remain CEO and a major shareholder in the company, Celestite has grown consistently through its multiple insurance programs since its founding in 2007.

Richard, commenting on the deal, said: “Our focus has always been on building a scalable business through the right people, systems and partners. We’ve been fortunate to work with some of the strongest names in the insurance and reinsurance markets, who have supported the company from its founding to today. As we look to the company’s future growth opportunities, Altamont’s deep experience and extensive network in the insurance industry make them a uniquely strong partner for us.”

Keoni Schwartz, Managing Director at Altamont said: “Celestite’s demonstrated ability to profitably grow its business, and that of its insurance partners, is highly differentiated. Celestite also has particularly strong relationships with its retail agents driven by the company’s focus on solid underwriting and great customer service. We are excited to partner with Richard and his team to build on the company’s successful history and to support them in capturing the numerous organic and inorganic growth opportunities ahead.”

Jon Altman, Principal at Altamont added: “One of Celestite’s greatest strengths is its senior leadership. Richard, along with the company’s CFO, Bob Newton, and COO, Lauren Moore, have built a fantastic platform. We look forward to supporting them as they continue building the business. We are enthusiastic about Celestite’s tremendous potential and excited to be part of the company’s next stage of progress.”

Terms of the transaction were not disclosed. Dowling Hales and Akin Gump served as Celestite’s financial and legal advisors, respectively.

Altamont was advised by Ropes & Gray.

ABOUT ALTAMONT CAPITAL PARTNERS

Altamont Capital Partners is a private investment firm based in the San Francisco Bay Area with over $1 billion of capital under management. Altamont is focused on investing in middle market businesses where it can partner with leading management teams to help its portfolio companies reach their full potential. The firm’s principals have significant experience building business success stories across a range of industries, including financial services, government services, consumer/retail, industrials, and healthcare.

ABOUT CELESTITE

Celestite Holdings, headquartered in Dallas, TX, operates multiple insurance programs in several Southwestern states. Celestite began writing non-standard auto policies in Texas with its initial program in 2007 and has since expanded to additional states and programs. The Company works on behalf of insurers and reinsurers to market, underwrite coverage, manage claims and administer virtually all traditional insurance company functions.

Palo Alto, California, January 21, 2014 — Altamont Capital Partners (Altamont) today announced that Steve Brownlie has been promoted to Managing Director. Steve has been with Altamont since the inception of the firm.

In addition, Jon Altman and Alex Rolfe, also members of the original Altamont team, were promoted to Principal, and Sam Gaynor and Kevin Mason to Vice President.

Melissa Kennedy has joined as a Vice President.

“Steve, Jon, Alex, Sam and Kevin have made extraordinary contributions to the firm and these promotions are richly deserved. We welcome Melissa to our team and look forward to working with her,” said Jesse Rogers, Co-Founder and Managing Director of Altamont Capital Partners.

The firm is coming off a successful 2013 with investments in DAKINE, Mervin Manufacturing Inc., Wunderlich Investment Corp., and the formation of Tall Tree Foods, an ACP specialty foods holding company.

ABOUT ALTAMONT CAPITAL PARTNERS

Altamont Capital Partners is a private investment firm based in the San Francisco Bay Area. Altamont is focused on investing in middle market businesses where it can partner with leading management teams to help its portfolio companies reach their full potential. The Firm’s principals have significant experience building business success stories across a range of industries, including consumer/retail, financial services, business services, industrials and healthcare.

For further information:

Brunswick Group on behalf of Altamont
Aman Battish
415 671 7676

First Acquisition by Newly Formed Packaged Food/Beverage Holding Company

Palo Alto, CA, Houston, TX, Lafayette, LA, July 1, 2013 — Altamont Capital Partners (Altamont) today announced the acquisition of Richard’s Cajun Foods, a leading manufacturer of authentic Cajun food products, and Blue Ribbon, a leading South East Texas bacon and sausage brand (together the “Companies”) from Atlantic Premium Brands (Atlantic). The acquisition includes the Carlton factory in New Braunfels, TX and the Richard’s factory in Church Point, LA.

Richard’s (pronounced “Reeshards”), founded in 1981, has a portfolio of smoked sausages, ready-to-eat-meals and other traditional Cajun products sold in Louisiana, Texas and other Southeast states. Blue Ribbon, founded in 1948, has a long history as a beloved brand of bacon and sausage in the South East Texas market.

The Companies will form the basis of Tall Tree Foods Holdings Inc., a newly formed holding company led by Altamont’s operating partner Tim Bruer, previously a CEO for several specialty food companies, including Nonni’s Food Co., and prior to that a Vice-President/General Manager for Nestle’s Culinary Products Division. “These are two strong regional brands with the potential for growth in both their current markets and beyond,” commented Tim.

Commenting on the deal, Steve Brownlie, Principal at Altamont said: “Richard’s and Blue Ribbon have incredibly deep roots and a long history in the markets they serve. We are excited to build on the successful history and support the management team in capturing the numerous growth opportunities ahead. We are thrilled to begin our partnership with Tim as CEO, and look forward to building the Tall Tree Foods platform leveraging his experience and expertise.”

ABOUT ALTAMONT CAPITAL PARTNERS

Altamont Capital Partners is a private investment firm based in the San Francisco Bay Area with approximately $500 million of capital under management. Altamont is focused on investing in middle market businesses where it can partner with leading management teams to help its portfolio companies reach their full potential. The firm’s principals have significant experience building business success stories across a range of industries, including government services, financial services, consumer/retail, industrials, and healthcare.

ABOUT ATLANTIC PREMIUM BRANDS

Atlantic Premium Brands, Ltd. is a food holding company with a long history of acquiring, growing and divesting specialty meat, food and beverage businesses. Formerly a publicly traded company, the stock is now principally owned by a group of private investors.

For further information:
Brunswick Group on behalf of Altamont
Aman Battish
415 671 7676
[email protected]

Palo Alto, California, January 18, 2013 — Altamont Capital Partners (Altamont), the San Francisco Bay area-based middle market private equity firm, announced today that Tim Bruer has joined the firm as an Operating Partner. Mr. Bruer will focus primarily on investment opportunities in the food and beverage sectors. Altamont has a strong focus on these sectors and is excited to work with Mr. Bruer to build upon its recent investment in Tacala.

Jesse Rogers, Managing Director of Altamont, commented: “We are excited to welcome Tim to our team. We have known and worked with Tim over the years and we believe his extensive experience in the food and consumer sectors will present attractive investment opportunities that fit well with Altamont’s strategy. His industry expertise and network of relationships, together with his track record of success as an operator, will make him a valuable partner as we grow our presence in these sectors.”

Mr. Bruer has extensive operational and CEO experience with multiple food companies, including Genisoy Food Co. and Nonni’s Food Co., where he grew sales from $20 million to $155 million in four years. As Vice-President/General Manager for the Culinary Products Division of Nestle, Mr. Bruer led a turnaround from ($17 million) to $20 million of operating profit in two years. Mr. Bruer’s expertise extends to the infant products space, as his most recent role was CEO of ERGObaby Carrier Inc., a leading designer of baby carriers and accessories. Early in his career, Mr. Bruer was a Vice-President at Bain & Co., focusing on business strategy for consumer product companies, corporate acquisitions, post-merger integration, and supply chain management. He served on the Board of Directors for Del Monte Foods and Authentic Specialty Foods. Mr. Bruer holds an MBA in Marketing and Finance from the University of Chicago, and a BA in Economics from Stanford University.

Mr. Bruer added: “I am excited to join the great team at Altamont, many of whom I worked with in the past at Bain and later when I was at Nestle. Altamont has an outstanding record in pursuing and adding value to middle market investments, and I feel fortunate to join them in extending this effort to the food/consumer product sector.”

About Altamont Capital Partners

Altamont Capital Partners is a private equity firm based in the San Francisco Bay area with $500 million in capital, focused on investing in change-intensive middle market businesses. The firm’s principals have significant experience building business success stories across a range of industries and transaction types. Altamont is particularly drawn to companies which are constrained for some reason from realizing their full potential. The firm seeks to work in partnership with management to implement strategic and operational change. Altamont is a generalist firm with deep experience in several verticals including business services, financial services, industrials, healthcare, consumer and retail.

For further information:
Brunswick Group on behalf of Altamont
Aman Battish
415 671 7676

Firm completes acquisition of a majority stake in leading government security and background investigations provider

Chantilly, VA and Palo Alto, CA, December 21, 2012 — OMNIPLEX World Services Corporation, a leading provider of government security and background investigations services, announced today that Altamont Capital Partners, a $500 million private equity firm, completed a majority investment in the company.

Julien Patterson, Founder and Chairman of OMNIPLEX said, “From our beginning in 1990 to date, every success that OMNIPLEX has achieved is directly attributable to the outstanding men and women who have brought their special skills, knowledge, and professionalism to our team. For that reason, we were focused on finding the right partner who understood and appreciated these exceptional men and women. Early in our discussions, Altamont showed an understanding of our unique business and unwavering commitment to maintaining our reputation for the highest quality service.”

Terri Wesselman, CEO and Co-Founder of OMNIPLEX added, “Altamont also brings significant operational and financial resources to OMNIPLEX that will help it to better serve its customers. We’re excited to have them as partners.”

OMNIPLEX is one of the largest providers of premium physical security support services and Federal background investigations to the US Government and commercial clients. OMNIPLEX’s customers rely on the background investigation support services it provides as a vital component in determining an individual’s security clearance approval, and they trust OMNIPLEX’s security professionals with protecting their most classified assets.

Commenting on the transaction, Randall Eason, Managing Director of Altamont said: “OMNIPLEX is one of the strongest companies we’ve seen within the government services sector. The mission critical nature of their services combined with their consistent track record has meant that, even in this period of fiscal conservatism, OMNIPLEX is facing growth opportunities.”

Casey Lynch, Managing Director of Altamont added, “We focus particularly on investing in companies with a strong and loyal customer base, and OMNIPLEX has a stellar track record in this area. We are excited to support OMNIPLEX as it invests for the future.”

Terms of the transaction were not disclosed. Bluestone Capital Partners served as OMNIPLEX’s financial advisor on the transaction.

ABOUT OMNIPLEX WORLD SERVICES CORPORATION

OMNIPLEX World Services Corporation is a privately held company based in Chantilly, Va. OMNIPLEX is a leader and innovator in delivering intelligence, investigative and security services to prestigious corporations and government agencies. A top-five company in its service markets, OMNIPLEX is guided by the corporate philosophy of “Right People. Right Values ®.” www.omniplex.com

ABOUT ALTAMONT CAPITAL PARTNERS

Altamont Capital Partners is a private investment firm based in the San Francisco Bay Area with approximately $500 million of capital under management. Altamont is focused on investing in middle market businesses where it can partner with leading management teams to help its portfolio companies reach their full potential. The firm’s principals have significant experience building business success stories across a range of industries, including government services, financial services, consumer/retail, industrials, and healthcare.

For further information:

OMNIPLEX World Services Corporation
James Moore
703 652 3146
[email protected]

Brunswick Group on behalf of Altamont
Aman Battish
415 671 7676
[email protected]

Firm partners with management to grow leading quick-service restaurant franchisee

Palo Alto, CA and Birmingham, AL, December 20, 2012 — Altamont Capital Partners (Altamont) today announced that it has acquired Tacala, LLC and a related company, Boom Foods, LLC, in partnership with management. Tacala is one of the nation’s largest franchisees of Taco Bell, operating 162 stores in the Southeastern United States. Boom Foods is a leading Sonic, America’s Drive-In franchisee with 66 locations. Management will continue to look for opportunities to grow in both businesses through new store development and acquisitions.

The businesses will be led by Tim Morrison and Joey Pierson, who will continue as Tacala’s President and CFO, respectively. Don Ghareeb, who founded the business with Dick Reese in 1989, will remain an active board member and advisor to the companies. “I am extremely proud of the business and legacy my partners and I have built over the last 24 years. My co-managing partner, Elizabeth Ghareeb, has also been instrumental in the companies’ success,” Don commented. He added: “I’m very confident in our management team and believe that Altamont is the right capital partner for Tacala’s continued growth.”

Echoing that sentiment, Randall Eason, Managing Director of Altamont said: “We are thrilled to partner with Tim, Joey and the rest of the management team. Don has created a world class organization and that was a big part of our attraction to the company. We look forward to the opportunity to contribute to the terrific platform they have built.”

Steve Brownlie, Principal of Altamont, added: “Tacala’s growth and success are testaments to both the strength of the Taco Bell brand and to the talent of the Tacala management team.”

Based in Birmingham, AL, Tacala operates Taco Bell restaurants in Alabama, Georgia, Tennessee, Kentucky, Virginia, and North Carolina with a significant presence in each of its local markets. Boom operates Sonic restaurants in Alabama, Georgia, Tennessee, and Virginia.

Trinity Capital, Paul Hastings LLP, and Burr & Forman LLP advised Tacala while Ropes & Gray LLP advised and represented Altamont.

ABOUT TACALA LLC and BOOM FOODS LLC

Tacala is a leading Taco Bell quick service restaurant franchisee based in Birmingham, AL. Boom Foods is a leading Sonic, America’s Drive-In franchisee based in Birmingham, AL.
www.Tacala.com

ABOUT ALTAMONT CAPITAL PARTNERS

Altamont Capital Partners is a private investment firm based in the San Francisco Bay Area with approximately $500 million of capital under management. Altamont is focused on investing in middle market businesses where it can partner with leading management teams to help its portfolio companies reach their full potential. The firm’s principals have significant experience building business success stories across a range of industries, including financial services, consumer/retail, industrials, healthcare and business services.

Firm completes recapitalization of leading window manufacturer in the Western U.S.

Spokane, WA, December 17, 2012 — Cascade Windows, a leading Western U.S. window manufacturer, announced that Altamont Capital Partners, a $500 million private equity firm, acquired the company as part of a restructuring with existing lenders and equity holders. Altamont’s ownership will enable Cascade to enhance its leadership position and provide resources to pursue growth opportunities in the market.

“We’re excited to partner with Altamont. Altamont’s operational focus and expertise in building middle-market companies will be invaluable to us as we look to grow the company. This transaction also significantly improves our balance sheet, allowing us the flexibility to better serve our customers,” said Randy Emerson, CEO of Cascade.

With manufacturing facilities in Spokane, WA, Portland, OR, and Salt Lake City, UT, Cascade is one of the largest producers of vinyl windows in the Western U.S. The company serves both new construction and repair & remodel markets with high-quality products, exceptional service and affordable pricing.

Commenting on the transaction, Randall Eason, Managing Director of Altamont said: “Cascade is one of the top window manufacturer platforms in the Western U.S., with a longstanding reputation of providing great products to its customers. Randy and his team have done an excellent job of managing the business over the last several years in a difficult operating environment – this recapitalization will position the company to better serve its customers going forward. We are excited to support the company’s next stage of growth as the sector rebounds from an unprecedented downturn.”

Terms of the transaction were not disclosed. Duff & Phelps served as Cascade’s financial advisor on the transaction.

ABOUT CASCADE WINDOWS

Cascade Windows is headquartered in Spokane, WA and serves over 1400 partner customers across the Western US and Canada. Cascade manufactures a complete line of custom vinyl windows and patio doors for virtually any application. Energy efficiency and value are the cornerstones of Cascade’s offering. Whether building a high-end custom home or replacing windows in a 1920’s bungalow, Cascade is the window of choice for contractors and homeowners.

www.cascadewindows.com

ABOUT ALTAMONT CAPITAL PARTNERS

Altamont Capital Partners is a private investment firm based in the San Francisco Bay Area with approximately $500 million of capital under management. Altamont is focused on investing in middle-market businesses where it can partner with leading management teams to help its portfolio companies reach their full potential. The firm’s principals have significant experience building business success stories across a range of industries, including financial services, consumer/retail, industrials, healthcare and business services.

For further information:
Cascade Windows
800 442 8544
[email protected]
Brunswick Group on behalf of Altamont
Aman Battish
415 671 7676
[email protected]

Firm completes simultaneous carve-outs of ModernHEALTH Specialty Pharmacy and specialty pharmacy operations of A-Med Healthcare.

Palo Alto, CA, July 24, 2012 — Altamont Capital Partners (Altamont) today announced that it has provided capital to support the carve-out of the specialty pharmacy operations of Modern HEALTHcare, Inc. The new company, called ModernHEALTH Specialty Pharmacy, has also simultaneously acquired the specialty pharmacy operations of A-Med Healthcare.

“Over the years we have built a substantial specialty pharmacy business at Modern including BioFusion, a leader in the specialty infusion market. Continuing to build these businesses as an independent platform with a strong financial partner will allow us to better serve our patients and capitalize on the substantial growth opportunities we see in the marketplace. Altamont was the best partner for us given their deep industry knowledge and strong capability for handling complex transactions,” said Richard Katz, CEO of ModernHEALTH Specialty Pharmacy.

Commenting on the transaction, Casey Lynch, Managing Director of Altamont said:
“Rick and the team at Modern and BioFusion have done an exceptional job working with physicians, payors and manufacturers to generate great outcomes for patients. This has led to strong growth and an outstanding reputation in the market. This type of high quality care is also clearly reflected at A-Med, making the two businesses a natural combination. We are excited to continue to build this company over the coming years both organically and through additional add-on acquisitions.”

The new ModernHEALTH Specialty will be based in Monrovia, CA. The Company will serve the needs of over six thousand patients in fifteen states. The Company will focus on specialty infusion, particularly IVIG therapy, as well as specialty pharmaceutical therapies with high service needs such as HIV, Cystic Fibrosis, Transplant, Hepatitis C and Multiple Sclerosis among others.

Keoni Schwartz, Managing Director of Altamont, added:
“The specialty pharmacy market offers a lot of opportunity for a company that can combine both scale and high-touch service. We are thrilled to support the Modern team.”

Larry Thacker, CEO of A-Med Healthcare commented:
“The combination of Modern and A-Med creates an outstanding provider for patients with high service needs such as Transplant Patients and those affected by HIV, CF and MS. This is a great outcome for our employees, physician partners and patients.”

William Blair & Company, LLC and Sheppard Mullin Richter & Hampton LLP, advised and represented Modern on the transaction while Ropes & Gray LLP advised and represented Altamont.

ABOUT MODERN HEALTH SPECIALTY

Modern Health Specialty Pharmacy is a leading specialty pharmacy based in Monrovia California. The Company serves patients with complex pharmaceutical therapies including HIV, Cystic Fibrosis, Transplant, Hepatitis C, Multiple Sclerosis among others. The Company’s BioFusion division is a national leader in IVIG infusion therapy.
www.modernhealthinc.com

ABOUT ALTAMONT CAPITAL PARTNERS

Altamont Capital Partners is a private investment firm based in the San Francisco Bay Area with approximately $500 million of capital under management. Altamont is focused on investing in middle market businesses where it can partner with leading management teams to help its portfolio companies reach their full potential. The firm’s principals have significant experience building business success stories across a range of industries, including financial services, consumer/retail, industrials, healthcare and business services.

For further information:
Sherri Cherman
ModernHEALTH Specialty Pharmacy
626 932 1603
[email protected]

Brunswick Group on behalf of Altamont
Carol Roos
415 671 7676
[email protected]

Investment firm provides capital to global insurance loss adjuster to merge with aviation claims industry leader

Palo Alto, CA, September 14, 2011 — Altamont Capital Partners (Altamont) today announced that it has provided capital to support McLarens Young International (MYI), a global insurance loss adjuster, in its merger with Airclaims, the loss adjusting leader in the aviation industry.

“We chose Altamont as a partner because of their deep knowledge of our industry and shared vision of our strategy. It was important for us to work with a firm that understands our business and that will play an active role in our growth,” said Vern Chalfant, MYI’s Chief Executive Officer. “I have known the principals of Altamont for years and am excited to have them as a partner.”

Altamont is a $500 million private equity fund focused on investing with strong management teams in industry-leading businesses and helping them realize their full potential. MYI is the firm’s third investment from its inaugural investment fund.

Commenting on the transaction, Keoni Schwartz, Managing Director of Altamont said:
“MYI is one of a few truly global providers in the loss adjusting industry, and is known particularly for the high quality of its adjusters and their ability to handle a broad range of claims. Similarly, Airclaims is recognized within the aviation industry for its high quality services and technical expertise. We believe the two companies are a natural fit and will enhance each other’s brands.”

Casey Lynch, Managing Director of Altamont, added: “We are seeing that underwriters, brokers, and self-insured companies increasingly prefer a consistent, streamlined global loss adjusting solution. MYI is benefitting from this shift, and merging with Airclaims enables MYI to provide an even more comprehensive set of services to an expanded customer base.”

Schwartz concluded: “Vern Chalfant and his executive team have built an excellent business with a recognized reputation for quality. We are excited to help them continue to grow, both organically and through acquisition.”

ABOUT MACLARENS YOUNG INTERNATIONAL

McLarens Young International (MYI) performs claims management, loss adjusting, pre-risk and damage surveying, and auditing services for companies throughout the world. Specific areas of expertise include Property, Casualty, Technical Services, Transportation, Crime & Specie, Claims Management, and Audit. Headquartered in Atlanta, Georgia, USA, MYI has offices around the world. MYI’s global footprint enables it to provide streamlined consistent service to global customers, while at the same time delivering local expertise and responsive service. MYI is the only global, employee-owned loss adjusting firm in the world. MYI’s adjusters have an average of over 20 years of claims experience, and this experience is a key part of how MYI has built its reputation for high quality loss adjusting services. www.mclarensyoung.com About Airclaims Airclaims is the world’s leading provider of aviation claims, risk and asset management services to the global aviation industry. Airclaims’ experienced aviation professionals deliver an unparalleled service, providing seamless, comprehensive and independent solutions to the aviation insurance market, aircraft operators, lessors, and financial institutions. With offices around the world, Airclaims has the global reach and local presence necessary to rapidly respond to its clients’ needs.
www.airclaims.com

ABOUT ALTAMONT CAPITAL PARTNERS

Altamont Capital Partners is a private investment firm based in the San Francisco Bay Area with approximately $500 million of capital under management. Altamont is focused on investing in middle market businesses where it can partner with leading management teams to help its portfolio companies reach their full potential. The firm’s principals have significant experience building business success stories across a range of industries, including financial services, consumer/retail, industrials, healthcare and business services.

For further information:
Chris Smith
McLarens Young International
305 751 3841
[email protected]

Brunswick Group on behalf of Altamont
Carol Roos
415 671 7676
[email protected]

Investment firm partners with management to grow leading designer fabric business

New York and Palo Alto, CA, June 9, 2011 — The Robert Allen Group, the New York City-based, leading designer and marketer of decorative fabrics and furnishings, and private equity firm Altamont Capital Partners (Altamont) today announced that The Robert Allen Group has received an equity investment from Altamont.

“We are highly enthusiastic about the combination of strategic guidance and financial backing that Altamont offers our business,” said Robert Allen’s Chairman & Chief Executive Officer, Jeff Cordover. The Cordover family maintains a significant ongoing equity ownership stake in the business.

Altamont is a $500 million private equity fund focused on investing in industry-leading businesses and helping them realize their full potential. Robert Allen is the firm’s second investment from its inaugural investment fund.

“Robert Allen is a market leader with premium brands and a long history of innovation in the designer fabric industry,“ said Steve Brownlie, Principal of Altamont. “We believe that the additional capital will allow the Company to expand both organically and through acquisitions, and we look forward to supporting the existing management team in their pursuit of the many opportunities the industry presents.“

Robert Allen will continue to provide world class service, support and products to the country’s leading interior design professionals and commercial customers.

“This investment will allow us to build on our success as the preeminent resource to the trade,” said Cordover. “We are proud of Robert Allen’s long history of innovation and look forward to continuing to build upon that legacy.”

Stifel Nicolaus Weisel served as Robert Allen’s financial advisor on the transaction.

ABOUT ROBERT ALLEN

The Robert Allen Group is the nation’s leading designer and marketer of decorative fabrics and furnishings to the interior design trade. The Company sells its products under the Beacon Hill, Robert Allen, Robert Allen Contract and Robert Allen @ Home brands. The Company has showroom locations throughout the United States, Canada, and the United Kingdom, and an extensive worldwide agent showroom network. For customer service in the U.S., please call 800-333-3777.
www.robertallendesign.com

ABOUT ALTAMONT CAPITAL PARTNERS

Altamont Capital Partners is a private investment firm based in the San Francisco Bay Area with approximately $500 million of capital under management. Altamont is focused on investing in middle market businesses where it can partner with leading management teams to help its portfolio companies reach their full potential. The firm’s principals have significant experience building business success stories across a range of industries, including financial services, consumer/retail, industrials, healthcare and business services.

For further information:
Jolie Cross Cohen
The Robert Allen Group
212.576.9115
[email protected]

Brunswick Group on behalf of Altamont
Carol Roos
415 671 7480 (o) 415 309 1341 (c)
[email protected]

Investment firm partners with management to grow leading automotive franchise

Indianapolis, IN and Palo Alto, CA, May 3, 2011 — J.D. Byrider, the Indianapolis-based leading used car sales and finance business, announced today that it has been acquired by private equity firm Altamont Capital Partners (Altamont). Stephens Inc. served as J.D. Byrider’s financial advisor on the transaction.

With a long-term investment horizon, Altamont will provide strategic direction, experienced resources and additional capital to support the company’s growth and franchisee expansion initiatives. The acquisition of J.D. Byrider is Altamont’s first investment from its $500 million inaugural fund, which closed late last year. The firm is focused on acquiring and building middle-market businesses across a range of industries.

J.D. Byrider’s current President of Franchising Steven E. Wedding will assume the role of CEO, and the J.D. Byrider executive team will remain in place. James F. DeVoe, Jr. will remain a member of the board of directors and will serve as a consultant to the company.

“This is a milestone day for J.D. Byrider,” said Wedding. “As a result of nurturing the J.D. Byrider brand over 20 years, our company is and has always been the leader of the used car sales and finance industry. We have a unique franchising model, and our proprietary Discover System is the industry’s premier software. With this transaction, J.D. Byrider will be able to fully capitalize on existing business opportunities, including a large and fragmented market, and an expanding customer base. The investment will also allow J.D. Byrider to expand franchise-owned stores, add company-owned locations, pursue acquisitions and create additional opportunities for employee advancement.”

“This is an opportunity to bring innovation, sharper strategic focus and new capital to a business that is ripe for growth,” said Keoni Schwartz, Managing Director of Altamont. “We are enthusiastic about the opportunity to partner with Steve and his team to continue the work and make the investments required to help the company realize its full potential.”

The company expects expansion to occur in several markets, and those interested in acquiring a franchise are encouraged to visit franchise.jdbyrider.com.

“Our business model is proven,” said Wedding. “We’re eager to team with new franchisees who recognize a tremendous opportunity to join our growing system.”

ABOUT J.D. BYRIDER

Founded in 1989 by the late James F. DeVoe, Sr., J.D. Byrider is the nation’s leading used car sales and finance enterprise. The company was founded to serve customers with special auto financing needs and to ensure that they receive the same quality service in every J.D. Byrider dealership. With nearly 900,000 consumers matched to quality, affordable vehicles, the company continues its focus on reliability and customer satisfaction. Headquartered near Indianapolis in Carmel, Ind., J.D. Byrider consists of 127 franchised- and company-owned dealerships in 29 states. Visit www.jdbyrider.com to learn more.

ABOUT ALTAMONT CAPITAL PARTNERS

Altamont Capital Partners is a private investment firm based in the San Francisco Bay Area with approximately $500 million of capital under management. Altamont is focused on investing in middle market businesses where it can partner with leading management teams to help its portfolio companies reach their full potential. The firm’s principals have significant experience building business success stories across a range of industries, including financial services, consumer/retail, industrials, healthcare and business services.

For further information:
Borshoff on behalf of J.D. Byrider
Chad Mertz
317.631.6400
[email protected]

Brunswick Group on behalf of Altamont
Carol Roos
415 671 7480 (o) 415 309 1341 (c)
[email protected]

Palo Alto, CA, February 15, 2011 — Altamont Capital Partners (Altamont), the San Francisco Bay area-based middle market private equity firm, announced today that Lionel Conacher has joined the firm as a Senior Advisor. Mr. Conacher will focus primarily on investment opportunities in Canada.

Jesse Rogers, Managing Director of Altamont, commented: “We are thrilled to welcome Lionel to our team. His combination of operating experience, complementary industry expertise, local market knowledge and extensive relationship network will help us immensely in extending our reach into the Canadian business community. We believe the region presents significant opportunities for our investment strategy.”

Mr. Conacher grew up in and spent the bulk of his professional career in Canada. Most recently he was President and Chief Operating Officer of Thomas Weisel Partners (TWP), the San Francisco-headquartered investment bank. He joined TWP in 2008 from Westwind Partners, a boutique institutional investment bank based in Toronto, which he co-founded in 2002 and led as President and Chief Executive Officer. Mr. Conacher grew Westwind, which focused on the energy, mining, and TMT sectors, to $100 million in revenue and 100 people and led the sale of the firm to TWP in 2007. Previously, Mr. Conacher worked for Citigroup, Hees International Bancorp (now Brookfield Asset Management) and First Marathon Securities (now National Bank Financial).

Mr. Conacher added: “I feel fortunate to join this premier group of investors. The Altamont team has an outstanding track record of successfully pursuing complicated and change-intensive middle market investment opportunities. I’m confident that together we offer a unique blend of skills and experience and that we will find numerous attractive opportunities to invest with Canadian businesses.”

ABOUT ALTAMONT CAPITAL PARTNERS

Altamont Capital Partners is a private equity firm based in the San Francisco Bay area with $500 million in capital, focused on investing in change-intensive middle market businesses. The firm’s principals have significant experience building business success stories across a range of industries and transaction types. Altamont is particularly drawn to companies which are constrained for some reason from realizing their full potential. The firm seeks to work in partnership with management to implement strategic and operational change. Altamont is a generalist firm with deep experience in several verticals including business services, financial services, industrials, healthcare, consumer and retail.

For further information:
Brunswick Group on behalf of Altamont
Carol Roos 415 671 7480 (o) 415 309 1341 (c)

Palo Alto, CA, January 27th, 2011 — Altamont Capital Partners (Altamont), a private equity firm based in Palo Alto, today announced that it has successfully closed its first fund with $500 million of capital, with approximately 10% coming from the General Partner and its affiliates. Altamont was formed in 2010 by private equity veterans Jesse Rogers, Randall Eason and Keoni Schwartz. The fund will invest in change-intensive, middle market businesses across a range of industries, specifically seeking more complex situations where Altamont can partner with management to implement strategic and operational change. The fund will target investments between $10-75 million in equity, primarily for control positions.

Altamont’s Managing Directors, Jesse Rogers, Randall Eason, and Keoni Schwartz, who previously worked together at Golden Gate Capital and Bain & Company, have a successful track record employing this investment strategy.

Commenting on the announcement, Jesse Rogers, Altamont Managing Director said: “We are thrilled to launch Altamont and feel fortunate that our inaugural fund has the support of a premier group of investors drawn from around the world. We are excited about our team and about the opportunities we see in the market.”

Rogers continued: “We are particularly drawn to companies that are constrained from realizing their full potential, and we have significant experience working with management teams to build success stories across a range of industries and transaction types. Our returns are driven much more by helping build and improve businesses than by financial engineering. We are flexible, and have freedom to quickly tailor creative, customized solutions which best fit the unique needs of complicated transactions. We pride ourselves on our ability to address these complexities, which are often difficult to analyze, and require substantial time and resources.

With patient capital enabled by a longer than average fund life, we believe Altamont is uniquely equipped to work with management teams and business owners.”

For further information:
Brunswick Group on behalf of Altamont
Carol Roos
415 671 7480 (o) 415 309 1341 (c)