Investment Summary

Wingate Partners Invests In Kevco

On July 14, 1999, private equity firm Wingate Partners invested in building materials company Kevco

Investment Highlights
  • This is Wingate Partners’ 1st transaction in the Building Materials sector.
  • This is Wingate Partners’ 7th transaction in the United States.
  • This is Wingate Partners’ 1st transaction in Colorado.

Investment Summary

Date 1999-07-14
Target Kevco
Sector Building Materials
Investor(s) Wingate Partners
Deal Type Stake Purchase

Target

Kevco

Fort Collins, Colorado, United States
Kevco was the largest distributor and manufacturer of building products sold to the manufactured housing and RV industries. Significant operating improvements were achieved at Kevco including the integration of four systems into one common platform, consolidation of facilities, and reduction of working capital by over $70 million.

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Investor(S) 1

Investor

Wingate Partners

Dallas, Texas, United States

Investor Investor Investor


Category Private Equity Firm
Founded 1987
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Wingate Partners is a turnaround investment firm that purchases controlling stakes in troubled manufacturing, distribution and service businesses headquartered in the US. Wingate looks to acquire under-performing companies, profitable businesses in changing or out of favor industries, and companies with incomplete management teams. Target businesses typically have revenues between $50 and $250 million. Wingate will not invest in banking, insurance, real estate, media, natural resources, and high technology. Wingate Partners was formed in 1987 and is based in Dallas, Texas.


DEAL STATS #
Overall 7 of 27
Sector: Building Materials M&A 1 of 1
Type: Stake Purchase M&A Deals 5 of 5
State: Colorado M&A 1 of 1
Country: United States M&A 7 of 27
Year: 1999 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-01-01 Pro Parts Xpress

Carrollton, Texas, United States

Pro Parts Xpress through the acquisition of three founding companies. Pro Parts ultimately acquired ten businesses and developed significant market presence in several geographic markets.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-04-01 ENSR International

Westford, Massachusetts, United States

ENSR International Corp. is an environmental consulting firm focused on the corporate market. ENSR provides comprehensive services to meet the environmental needs of corporate clients in areas such as capital permitting, risk assessment, due diligence, air quality, hazardous waste, and process engineering.

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