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  6. Freestone Partners Invests In Palmer Tool

Investment Summary

Freestone Partners Invests In Palmer Tool

On December 9, 2014, private equity firm Freestone Partners invested in manufacturer Palmer Tool

Investment Highlights
  • This is Freestone Partners’ 1st transaction in the Manufacturing sector.
  • This is Freestone Partners’ 6th transaction in the United States.
  • This is Freestone Partners’ 1st transaction in Tennessee.

Investment Summary
Date 2014-12-09
Target Palmer Tool
Sector Manufacturing
Investor(s) Freestone Partners
Deal Type Growth Capital

Target

Palmer Tool

Camden, Tennessee, United States
Palmer Tool is a manufacturer and supplier of custom-machined and fabricated metal products. The company serves some of the largest and most successful chemical and refining companies in the world and does work worldwide as a result of its ability to engineer and design solutions, components, and equipment that provide operating advantages in the field for its customers. Palmer Tool was founded in 1965 and is based in Camden, Tennessee.

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Investor(S) 1

Investor

Freestone Partners

Houston, Texas, United States

Investor Investor Investor

Category Private Equity Firm
Founded 2001
Size Small
Type Sector Agnostic
DESCRIPTION

Freestone Partners is a private equity firm that targets growth-oriented companies operating in basic industries. Sectors of interest include manufacturing, distribution, and commercial/industrial services. Freestone prefers platform investments located in the southwestern and southeastern areas of the US. Prospective companies are generally profitable with proven management and generate $10 to $50 million in annual sales. The Firm's target investment size is Freestone $3 to $8 million per transaction. Freestone Partners is based in Houston, Texas.

DEAL STATS #
Overall 6 of 9
Sector: Manufacturing M&A 1 of 1
Type: Growth Capital M&A Deals 2 of 2
State: Tennessee M&A 1 of 1
Country: United States M&A 6 of 9
Year: 2014 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-19 Service Refrigeration Co.

Humble, Texas, United States

Service Refrigeration Company was founded in 1986 by current president W.L. “Butch” Edmonds Jr. The company has grown steadily over the past 26 years and currently has over 180 full- time employees in five service regions across Texas.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-01 Indian Mill Plank

Houston, Texas, United States

Indian Mill Plank is a manufacturer and marketer of 2×10 wood plank used in scaffolding throughout the world. The Company’s product portfolio includes three types of wood scaffold planking as well as a scaffold plank testing machine. The Company improves the characteristics of standard planking by inserting twisted steel pins to reduce a wood plank’s tendency to cup, warp, and split and to enhance the ability of the plank to carry greater loads. Indian Mill Plank is based in Houston, Texas.

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