Gridiron Capital 2017 Year in Review

NEW CANAAN, CT, January, 17, 2018 – Gridiron Capital, LLC (“Gridiron”) has issued a 2017 Year in Review. Gridiron is grateful for another productive year across 14 healthy, growing portfolio companies. We are pleased to share a few highlights from 2017 below:

New Platform Company

8 New Add-ons

4 Liquidity Events

(1 Full Exit and 3 Dividend Recapitalizations)

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 also completed 8 add-on investments, 7 of which were directly sourced and 1 of which was in a limited process, across 5 portfolio companies, Travel Nurse Across America (“TNAA”), Counsel On Call, Local Retail Solutions (“LRS”), Quality Solutions, Inc. (“QSI”) and Dent Wizard International Corporation (“Dent Wizard”).

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. HM Dunn took home the 2017 Recognition of Emergent Support Award from Spirit Aerosystems and LRS’ Tom Hickman was named a Patricia Rienzi Legacy Award Honoree.

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. Thomas 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

Gridiron Capital, LLC, headquartered in New Canaan, Connecticut, is a private equity firm focused on creating value by acquiring and building middle-market niche manufacturing, business services and specialty consumer companies in the United States and Canada. Gridiron Capital’s principals work closely with management teams to develop strategies for portfolio companies, as well as providing resources to execute business plans and build industry-leading companies. Additional information is available on the firm’s website at www.gridironcapital.com.

Press Contact

Thomas A. Burger Jr., Managing Partner, Gridiron Capital, LLC
tburger@gridironcapital.com; (203) 972-1100 (x222)