Investment Summary

Exits Rough Country

On October 4, 2004, invested in automotive company Rough Country from Harbert Private Capital and GarMark Partners

Investment Highlights
  • This is transaction in the Automotive sector.
  • This is transaction in the United States.
  • This is transaction in Tennessee.
Investment Fate
  • Rough Country was divested to a consortium of financial buyers in 2009.
  • Rough Country was recapitalized in 2013.
  • Rough Country was sold to a consortium of financial buyers in 2017.
  • Rough Country was sold to a consortium of financial buyers in 2021.

Investment Summary

Date 2004-10-04
Target Rough Country
Sector Automotive
Sellers(s) Harbert Private Capital
GarMark Partners
Deal Type Trade Sale

Target

Rough Country

Dyersburg, Tennessee, United States
website
Rough Country is a designer and manufacturer of specialty-engineered, metal-formed exhaust hardware components for automobiles and light trucks. Rough Country was founded in 1939 and is based in Dyersburg, Tennessee.

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Seller(S) 2

SELLER

Harbert Private Capital

Birmingham, Alabama, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1985
PE ASSETS 4.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Harbert Private Equity and Mezzanine is a private equity arm of Harbert Management Corp. The Private Equity group targets leveraged buyouts, recapitalizations, expansion capital investments, and distressed situations. The firm targets opportunities across a range of industries and typical transactions have enterprise values between A$10 and A$100 million. The Mezzanine Capital group seeks subordinated debt investments and can commit $3 to $15 million per transaction. . Harbert Management Corporation was formed in 1985 and has offices in Birmingham, Alabama; New York, New York; Nashville, Tennessee; Richmond, Virginia; London; Madrid; Paris; and Melbourne.


DEAL STATS #
Overall 3 of 42
Sector (Automotive) 1 of 3
Type (Trade Sale) 1 of 1
State (Tennessee) 1 of 3
Country (United States) 3 of 40
Year (2004) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-08-22 PFC Acquisition Company

Alpharetta, Georgia, United States

Founded in 1981, Presidential is a specialty commercial finance company that provides working capital financing to small businesses in the form of asset-based loans collateralized primarily by accounts receivable and, to a lesser extent, inventories and fixed assets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-05-12 Keystone Printed Specialties

Old Forge, Pennsylvania, United States

Keystone Printed Specialties Co. LLC is a designer, manufacturer, and printer of short-run, quick-turnaround specialty packaging for a variety of markets including consumer products, media, pharmaceuticals, beverage, food, cosmetics, personal care, and entertainment.

Buy -
SELLER

GarMark Partners

Stamford, Connecticut, United States

Investor Investor Investor Investor Investor

website


Category Mezzanine Finance Firm
Founded 1997
PE ASSETS 1.1B USD
Size Large
Type Sector Agnostic
DESCRIPTION

GarMark Partners is a private investment firm that makes debt and equity investments in a wide range of companies. The Firm invests in businesses at various stages of development to facilitate acquisitions, divestitures, recapitalizations, turnarounds or growth. Garmark typically invests between $5 and $30 million with an EBITDA $3 and $25 million. The firm prefers to invest in the sectors of manufacturing/industrial products, distribution, business services, consumer brands, food/nutrition products, transportation, healthcare, retail, and restaurants. GarMark Partners was formed in 1997 and is based in Stamford, Connecticut.


DEAL STATS #
Overall 3 of 20
Sector (Automotive) 1 of 1
Type (Trade Sale) 1 of 2
State (Tennessee) 1 of 1
Country (United States) 2 of 18
Year (2004) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-01-01 Michigan Seamless Tube

South Lyon, Michigan, United States

Michigan Seamless Tube is the manufacturer of carbon and alloy seamless cold drawn pipe and tube for over 80 years.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-10-11 Experimental & Applied Sciences

Burlington, Ontario, Canada

EAS is a marketer of products that provide complete nutrition to anyone wanting to improve his or her health and fitness - from elite athletes to health conscious consumers. EAS educates and inspires its customers to live a healthier, more fulfilling lifestyle through exercise and science-based nutrition products. EAS product lines include EAS Myoplex®, EAS HP and the EAS AdvantEdge® lines.

Sell $320M