ShoreView is Pleased to Announce the Successful sale of Tex Tech Industries, Inc.
ShoreView is pleased to announce the successful sale of Tex Tech Industries, Inc. to Arlington Capital Partners.
Prior to ShoreView’s investment, the owner was seeking liquidity and Management was looking for a partner to pursue significant growth opportunities. ShoreView structured a transaction that:
- Provided liquidity to the owner
- Provided financial resources to support management’s growth plan
- Created an ownership incentive plan for key managers
- Working together, ShoreView and Tex Tech successfully executed several growth initiatives to expand the Company’s product lines, customer base, and geographic presence. These initiatives included the completion of two strategic add-on acquisitions.
About Tex Tech Industries, Inc.
Tex Tech Industries, Inc. is a designer and manufacturer of high-performance specialty fabrics and materials for a diverse range of demanding applications. Tex Tech’s engineered materials are critical to making products stronger, lighter, and more efficient. They are sold to blue-chip customers across the specialty industrial, sporting goods, aerospace, and personal protection industries. Tex Tech is headquartered in Portland, Maine, and maintains manufacturing facilities in Maine, the United Kingdom, and Thailand.
About ShoreView Industries
ShoreView Industries, based in Minneapolis, manages $900 million in private equity funds. ShoreView invests in established, middle-market companies with operations in North America, across a wide range of industries. ShoreView structures a variety of acquisition, recapitalization and build-up transactions, typically in businesses with revenues ranging between $20 million and $300 millionBack to News