Answer Financial Inc.
Answer Financial Inc. (“AFI”) is an e-commerce insurance broker utilizing a combination of the internet, corporate intranets and telephony to distribute personal lines insurance and investment products. AFI operates direct-to-consumer and offers reduced costs with the advantages of choice, speed of delivery, confidentiality, convenience and a non-intrusive sales process. The Company’s initial strategy was to offer its service through affinity groups, primarily corporations with 1,000 or more employees. White Mountains Insurance acquired a 42% interest in the company in January 2008. Subsequently the entire company was sold to Allstate Corporation in October 2011.
Behr Process Corporation
Behr Process Corporation is a leading domestic manufacturer of exterior and interior paint, protective coatings and stains. The company is a primary supplier of paint and related coating products to The Home Depot. Behr is one of a very select group of suppliers that have product in every U.S. store of The Home Depot. The company’s paint is regularly top rated by Consumer Reports. Behr was sold to a strategic buyer in August 1999.
BSI Holdings, Inc., was the largest installer of building products in North America. The company installed insulation and various other products such as fireplaces, gutters and drywall in new residential and commercial construction markets throughout the U.S. The company had a dominant share in the installation business with a market share of approximately 15% of all new homes built in the U.S. BSI had operations in approximately 30 states through approximately 150 branches and was the sole national player in the installation business. Its principal customers included local, regional and national builders. BSI was at the forefront of the consolidation trend among suppliers to better serve the national homebuilders, whose market share of new homes built had doubled during the investment period. The company was sold to a strategic buyer in January 2001.
Eclipsys Corporation is a healthcare information technology company delivering solutions that enable healthcare providers to achieve improved clinical, financial and administrative outcomes. At the time of investment, Eclipsys offered an integrated suite of core products in four critical areas: clinical management, access management, patient financial management and enterprise data warehouse and analysis. The Company’s products are designed specifically to deliver a measurable impact on outcomes, enabling its company’s customers to quantify clinical benefits and return on investment in a precise and timely manner. Eclipsys went public in August 1998.
Equant N.V. is a leading provider of seamless international data network services to multinational businesses and is a single source for global desktop communications. Equant provides managed data network services, network design and integration, equipment installation, maintenance and support services and software development services. The company is now consolidated into Orange Business Services. Equant went public in July 1998.
Evenflo Company, Inc.
Evenflo Company, Inc. is a leading designer, manufacturer and marketer of a broad range of juvenile products in the US, Canada and Mexico. Evenflo has leading market share positions in feeding products (Evenflo brand), activity centers (ExerSaucer brand), and soft carriers (Snugli brand), plus a strong presence in car seats and travel systems/strollers. Evenflo sells its products through major retailers including Wal-Mart, Target, Babies R Us / Toys R Us and Kmart. The company was sold to a financial buyer in February 2007.
Huntsman ICI Chemicals LLC
Huntsman ICI Chemicals LLC (“Huntsman ICI”) is a leading global manufacturer and marketer of specialty and commodity chemicals throughout its four principal businesses: polyurethane chemicals, propylene oxide, petrochemicals (in particular olefins) and titanium dioxide. The company is characterized by leading market positions, superior low cost operating capabilities, a high degree of technological expertise, a diversity of products and markets and geographic regions served, significant product integration, and strong growth prospects. Huntsman ICI was sold to Huntsman LLC in May 2003.
International Home Foods, Inc.
International Home Foods, Inc. (“IHF”) is a leading North American manufacturer and marketer of a diversified, well-established portfolio of shelf-stable food products with popular brand names, including Chef Boyardee prepared foods, Bumble Bee premium canned seafood, PAM cooking spray, Polaner fruit spreads and spices and Gulden’s mustard. IHF went public in November 1997.
New Flyer Industries
New Flyer is the leading manufacturer of heavy-duty transit buses in the U.S. and Canada. Heavy-duty transit buses are the backbone of intra-city urban public transportation systems, operating in arduous stop and go conditions, often for up to 16 hours a day, seven days a week. Founded in 1930, New Flyer offers the broadest line of transit vehicles in the industry and is well known for its innovations, introducing the first low-floor bus, the first diesel-electric bus and the world’s first zero-emission hydrogen fuel cell fleet. New Flyer went public in August 2005.
Sequentia Incorporated was the leading manufacturer of fiberglass reinforced plastic panels for construction-related applications in the U.S. and held a commanding market share position of over 70% of the residential FRP panel market and 50% of the commercial market. The company’s panel products were used in a variety of residential and commercial applications including interior wall liners and ceiling panels for residential and commercial structures, carports and metal and farm building systems. Due to the high strength-to-weight ratio and low cost of FRP panels, they were increasingly being used in place of aluminum, steel, ceramic tile and tileboard in various types of buildings. Customers included the major home centers, mass merchandisers and assorted distributors. Sequentia was sold to a strategic buyer in August 1998.
Therma-Tru Corporation is the leading domestic manufacturer of residential entry door systems in the U.S. with a market share above 20%. Over its 46-year history, the company has been at the forefront of technological advances in the entry door market. Its primary products include fiberglass and steel entry doors. In the 1960s and 1970s, Therma-Tru led the industry in recognizing the benefits of steel doors over traditional wood doors. Eventually, steel doors captured a 70% share of the market. In 1983, the company was the first to introduce fiberglass doors to the industry. By 2005, fiberglass doors represented approximately 30%, steel 50% and wood 20% of the exterior door market. Therma-Tru ‘s products are primarily sold through building products distributors. The company was sold to a strategic buyer in November 2003.
True2Form Collision Repair Centers, Inc.
True2Form Collision Repair Centers, Inc. was created in January 1998 by the combination of three independent businesses to create one of the first consolidators in the highly fragmented $24 billion automotive collision repair market at that time. True2Form’s core competencies: (i) consistent, high quality customer service experience, (ii) a seasoned store acquisition strategy, (iii) strong insurance channel relationships, (iv) purchasing power and (v) a broad network of owner/operator contacts through consulting relationships and industry associations. The company was sold to The Boyd Group in June 2010.