NEW CANAAN, CT, February 6, 2018 – Gridiron Capital, LLC (“Gridiron”) is grateful for another productive year across 13 healthy, growing portfolio companies.
We are pleased to share a few highlights from 2017 below:
New platform company: Rough Country
8 New Add- ons
4 Liquidity Events
6 Portfolio Company Awards
7 Gridiron Capital Awards
In keeping with Gridiron’s ability to find unique opportunities where our team can create additional value, Gridiron announced their acquisition of a controlling interest in Rough Country, a leader in the branded off-road aftermarket performance suspension products and accessories market in May of 2017. Gridiron portfolio companies Travel Nurse Across America (“TNAA”), Counsel On Call, Quality Solutions, Inc. (“QSI”) and Dent Wizard International Corporation (“Dent Wizard”) also completed add-on investments, 7 of which were directly sourced and 1 of which was in a limited process.
The sale of Ramsey Industries, Inc. (“Ramsey”) a leading manufacturer of service cranes, industrial and commercial winches and planetary gear drives was announced in November. During the Great Recession, Gridiron Capital intensively supported the Ramsey management team to ensure that the business weathered the economic storm and continued its growth. Gridiron also completed 3 dividend recapitalizations in 2017 with Dent Wizard, LeafFilter™ and QSI.
Gridiron is proud of both the growth and awards our portfolio companies worked hard to earn in 2017.
Jean Cook from TNAA was named the Arkansas CFO of the Year, Small Private Company, by the Arkansas Business Journal. LeafFilter’s Matt Kaulig was named to Entrepreneur Magazine’s Entrepreneur 360 List, won the Entrepreneur of the Year Award from Ernst & Young and was awarded the 2017 Pillar Award for Community Service by Smart Business Magazine. In addition, HM Dunn took home the 2017 Recognition of Emergent Support Award from Spirit Aerosystems.
For the third year in a row, Gridiron has been named the US Private Equity Firm of the Year, Middle Market, by ACQ5. ACQ5 also awarded Gridiron US Deal of the Year, Healthcare, for TNAA’s acquisition of Trinity Health. In addition, M&A Atlas Awards named Gridiron the Middle Market Private Equity Firm of the Year in 2017, awarded Gridiron with Deal of the Year for their acquisition of Rough Country and awarded Gridiron the Consumer Deal of the Year for the acquisition of LeafFilter™. Tom Burger and Kevin Jackson were also awarded individual awards from M&A Advisor and M&A Atlas Awards respectively for their accomplishments in the private equity industry.
Gridiron looks forward to continued collaboration with management teams and relentless execution to drive growth in 2018.
About Gridiron Capital
Headquartered in New Canaan, CT, Gridiron Capital is a private investment firm managed by partners who grew up working in and leading family-owned businesses and can offer valuable operating support and experience to middle market companies. We understand that a company’s people and culture are critical to success, and we seek to work with owners and management teams who are motivated to build and grow their companies by executing on a shared strategic vision. We partner with branded consumer, B2B and B2C services and niche industrial companies, providing operating expertise and financial resources to develop and execute business plans and build market-leading companies.
Thomas A. Burger, Jr.
Managing Partner, Gridiron Capital, LLC
(203) 972-1100 (x222)