Miami, FL (September 27, 2006) Trivest Partners, L.P. (“Trivest”) today announced the sale of Superior International Industries, Inc. (“Superior” or the “Company”) to MCG Capital (NASDAQ: MCGC) and Boyne Capital Advisors.
Superior, Inc. of Carrollton, Georgia, is the leading manufacturer and distributor of commercial playground equipment and components. The Company offers a complete line of recreational products, including rotationally molded plastic parts, turnkey soft style playground and park amenities. Trivest acquired Superior with capital from Trivest Fund III, a $316.0 million private investment fund.
Troy Templeton, Trivest’s Partner and Chief Operating Officer said, “Superior was an outstanding investment for Trivest and its co-investors. Over the past few years, the Company expanded its product line and completed an accretive add-on acquisition. The entire Superior management team, led by Ray Derbecker, deserves a great deal of credit for the Company’s success.”
Ray Derbecker, Superior’s Chief Executive Officer stated, “Trivest provided the necessary support in the areas of financial planning, lender negotiations, strategy, recruiting and acquisitions, yet allowed our management team the autonomy to operate our business. In addition, Trivest has a number of plastics related investments, and we benefited from shared raw material purchasing and other manufacturing best practices techniques. We are thankful for Trivest’s financial support over the years.”
Trivest Partners, L.P., a private investment firm, is a leading provider of equity for middle market corporate acquisitions, recapitalizations and growth capital financings. Since its founding in 1981, Trivest has sponsored more than 125 acquisitions and recapitalizations, totaling nearly $3.0 billion in value. For more information, please visit www.superiorrecreationalproducts.com and www.trivest.com.
