Founded in 1992 and headquartered in Culver City, CA, CAPS is a leader in providing payroll processing, workers compensation insurance, tax compliance services and ancillary HR services to commercial production companies, major and independent film and television production companies, live venue owners and operators, and entertainment tour and event producers and touring music bands. The company has developed a client-focused, cloud-based production payroll and accounting software solution. Through leveraging this technology and its superior client service, CAPS has become the most diverse payroll company within the entertainment industry. The investment in CAPS was made in 2011 in a control buyout in partnership with the management team.
Investment realized: August 2016.
Drake Manufacturing Services Co.
Founded in 1972 and headquartered in Warren, OH, Drake Manufacturing Services Co. is a leading designer and manufacturer of highly-engineered CNC machine tool systems, including thread grinding and gear cutting systems. The company combines innovation, precision and after-market product support to provide its customers with a complete machine tool system solution. Drake’s products are sold around the world to OEM manufacturers and OEM component suppliers in industries such as aerospace and automotive. The investment in Drake Manufacturing Services Co. was made in 2014 in a control recapitalization in partnership with the management team.
Iron City Brewing
Founded in 1861 and headquartered in Pittsburgh, PA, Pittsburgh Brewing Company produces several well-known brands of beer including Iron City, IC Light, American and Old German. During the brewery’s 150-year history it has introduced many innovations, such as the first twist-off cap and the first snap top can, and the nation’s first light beer. While primarily distributed in Pennsylvania and nearby states, the company’s beers have developed a loyal following around the world wherever “Pittsburgh Nation” beer drinkers congregate. The investment in Pittsburgh Brewing Company was made in 2011 in a control buyout transaction funded entirely with equity.
Investment realized: December 2017.
Founded in 2001 and headquartered in Newburgh, NY, Preferred Fragrance is a leading developer and marketer of designer-inspired, proprietary, private label and licensed celebrity fragrances. The company’s products are sold in over 50,000 retail doors within the dollar, mass, private label and drug channels. Through leveraging its in-house design, the Company offers its customers a high-quality, affordable product. The investment in Preferred Fragrance was made in 2011 in a control buyout in partnership with the management team.
Founded in 1951 and headquartered in Lockport, NY, VanDeMark manufacturers phosgene and phosgene derivatives used in the pharmaceutical, agricultural, personal care, consumer electronic, paints and coatings, and plastic/polymer end-markets. As the sole provider of merchant phosgene in North America and its subsequently acquired European operation (Framochem), VanDeMark provides innovative niche chemistry that focuses on safety, quality, consistency, timely delivery and cost. The investment in VanDeMark was made in 2012 as a lead investor buyout in partnership with the management team.
Investment realized: April 2019.