Regional manufacturer of self-adhering building products specializing in modified bituminous compounds. Primary end markets are roofing, flooring, and sidewall underlayment applications.
Stone Pointe partnered with existing management to recapitalize the business, along with a management transition plan for retiring founders and management. A long-term strategic growth plan was implemented which included significant capital investment in the business to increase manufacturing capacity and capabilities.
Transaction Structure: Generational sale/recapitalization with existing shareholders and management.
Original investment: 2009
A niche capital goods company focused on high-pressure steam and industrial process heating applications. Vapor Powers product line is unique with gas and electric powered steam generators. Management and shareholders were looking for a partner to assist strategic growth opportunities.
Management chose to partner with Stone Pointe to structure a recapitalization providing partial liquidity and retained management ownership. Development of the strategic plan included expanding the distribution network and select strategic acquisitions. After Stone Pointe’s investment, Vapor Power acquired Precision Boilers, strategically expanding the product line with additional electrode boilers and auxiliary boiler room equipment.
Transaction Structure: Growth recapitalization with management
Original investment: 2014