Dartmouth, Nova Scotia – August 12, 2024 – Site 20/20, a leading technology company in traffic control and road safety, today announced a new strategic growth investment from New Mountain Capital and Energy Impact Partners (“EIP”). The funding will be used to accelerate the company’s investment in technological development, artificial intelligence capabilities, and new product offerings.

“We are in the early stages of our journey in realizing the full potential of what this company can be,” said Site 20/20 CEO Mitch Hollohan. “This strategic growth investment will help accelerate this process and we are honoured to partner with like-minded investors in New Mountain and Energy Impact Partners that share our vision and will support us moving forward.”

Founded by Hollohan in 2015, Site 20/20 quickly established itself as a technology leader in roadside safety with the introduction of the first-of-its-kind Guardian SmartFlagger AFAD (Automated Flagger Assistance Device). Using remote and automated technology, the Guardian SmartFlagger makes roadside projects safer for both workers and drivers, while making traffic control more cost efficient for operators.

“Mitch and his team have developed an extremely impressive solution to help improve the automation, safety and reliability of outsourced traffic control services” said Joe Walker, Managing Director at New Mountain Capital. “We are thrilled to partner with Site 20/20 and the EIP team to continue to accelerate the adoption of this technology across utility and infrastructure service providers.” Ryan Dawson, Director and Operating Partner at New Mountain Capital, added: “the Site 20/20 team has led the business on an incredible growth trajectory, and we could not be more excited to drive continued value creation alongside them.”

The combination of superior safety with improved cost efficiencies has garnered significant traction in the industry. With this investment, Site 20/20 will continue developing innovative technologies and products that will serve the traffic control safety market, building on the Company’s position as the industry’s technology leader while expanding its market presence.

“Site 20/20’s success driving innovation and improving safety and operations aligns closely with our core focus at EIP,” said Steven Kantowitz, Partner at EIP. “We see a lot of momentum in the underlying transmission and distribution service markets and look forward to supporting Site 20/20 in partnership with New Mountain Capital as the Company expands its offerings.”

“Technology moves rapidly and it isn’t stopping to wait for anyone,” adds Hollohan. “But where that can be seen as a challenge, it also presents a tremendous opportunity for us and our partners to take this company where we want it to go. We are excited by the continued support of our long-time shareholders, and look forward to the new partnership with New Mountain Capital and EIP.”

About Site 20/20
Site 20/20 is an award-winning, technology company, manufacturing and servicing hardware and software solutions for the traffic control and road construction industries with a mission “to make every roadway worksite safer and more efficient for everyone.”

About New Mountain Capital
New Mountain Capital is a New York-based investment firm that emphasizes business building and growth, rather than debt, as it pursues long-term capital appreciation. The firm currently manages private equity, credit and net lease investment strategies with over $55 billion in assets under management. New Mountain seeks out what it believes to be the highest quality growth leaders in carefully selected industry sectors and then works intensively with management to build the value of these companies. For more information on New Mountain Capital, please visit https://www.newmountaincapital.com/.

About Energy Impact Partners
Energy Impact Partners LP (EIP) is a global investor custom-built for the energy transition. EIP brings together entrepreneurs and some of the world’s most forward-looking energy and industrial companies to advance innovation. With over $4 billion in assets under management, EIP invests globally across venture, growth, private equity and credit – and has a team of over 90 professionals based in its offices in New York, San Francisco, Washington D.C., Atlanta, Palm Beach, London, Cologne, Oslo and Singapore. For more information on EIP, please visit www.energyimpactpartners.com.

For more information about Site 20/20 and this strategic investment, please contact:

Brian Covert
Communications Manager, Site 20/20
bcovert@site2020.com
902 719-7517

New York/London/Luxembourg, August 5, 2024 – Minova, an AURELIUS Private Equity portfolio company, has acquired Itabolt in Brazil, a family-owned manufacturer of special roof support bolts for underground mining founded in 1970. The acquisition further strengthens Minova’s presence in Latin America and will allow the company to expand its share of emerging global metals markets in Brazil, Peru, Colombia and Chile.

Itabolt offers an almost complete high-quality product portfolio, a large area for expansion on its site, and a strong reputation in the local market. The ability of its engineers to develop bespoke products according to customers’ requirements will complement Minova´s offering and provide a competitive advantage in the regional market.

“The acquisition of Itabolt not only allows us to strengthen our activities in the important Latin American market with a local production footprint, but also significantly enhances our capabilities within the Metals segment. Supported by AURELIUS, we aim to further expand in the region and look forward to welcoming Itabolt into the Minova family”, commented Ryan Kerr, CEO of Minova.

Since being backed by AURELIUS, Minova has grown and expanded, successfully integrating the Spain-based steel ground support manufacturing company Bulteck in 2023. With the support of AURELIUS Operations Advisory, the company continues to focus on the Metals, Non-Metals and Infrastructure segments.

“Minova is on an exciting growth trajectory. Itabolt marks the first add-on acquisition in Latin America, and together with Minova´s existing sales offices in Chile & Mexico this will accelerate the expansion in the region. The recent opening of an AURELIUS office in New York means that expertise located in the Americas is available if needed. Going forward, Minova will continue its efforts to assess further M&A potential”, commented Andrzej Cebrat, Managing Director at AURELIUS European Opportunities IV.

Paris, 2 August 2024 – In order to pursue and accelerate its development, Alphitan announces the signature of a growth partnership with pan-European investment fund Waterland, which becomes a shareholder alongside founders Jean-Louis Yang, Jérôme Siat and the company’s main managers.

Founded in 2007 in Bordeaux, Alphitan is one of Europe’s leading providers of maintenance services for electronic systems and electric motors of industrial and embedded equipment. It operates on behalf of numerous customers in a wide range of sectors, including the agri-food, rail, semiconductor, aerospace and automotive industries.

Since its creation, the Group has successfully achieved growth, and is expected to reach a turnover of €45 million this year. This growth is the result of the combination of an organic development in a market where the major industrial players’ growing ESG concern is encouraging repair over replacement. It also results of external growth operations successfully carried out in France and internationally with the acquisitions of ID Rep (2011) and Antecs (2015).

Waterland will enable the Group to accelerate its development, notably through targeted international acquisitions and investment in cutting-edge innovations, such as predictive maintenance, and thus strengthen Alphitan’s position as a reference in the maintenance of complex electronic systems on a European scale.

“We are delighted to achieve a new milestone alongside Waterland. We are convinced that Waterland is the right partner to accelerate our international development and complete our service offering, while preserving the company’s DNA in technical excellence and innovation,” emphasize Jean-Louis Yang and Jérôme Siat, respectively Chairman and CEO of Alphitan.

“We were impressed by Alphitan’s unique technical know-how, recognized by the most demanding customers in both industry and embedded systems. This strong differentiation makes Alphitan a solid platform capable of successfully carrying out a consolidation project in France and Europe, in a highly fragmented market benefiting from strong tailwinds” declares Louis Huetz, Partner at Waterland.

About Alphitan
Founded in 2007 in Bordeaux, Alphitan is one of Europe’s leading providers of maintenance services for electronic systems and electric motors (in particular servomotors) for industrial equipment and on-board electronic systems for customers operating in a variety of sectors (agri-food, railways, semi-conductors, aeronautics, automotive).

The Group operates in France, Germany and Italy, serving over 4,000 customers and 2,500 industrial sites via 11 operating sites and 350 employees.

The group invests significantly in R&D to keep its technicians and engineers at the cutting edge of the various technologies developed by major OEMs.

For more information: https://www.alphitan.com/

About CAPZA
Created in 2004, CAPZA1 is an established European private investment platform focused on small and mid-cap companies.

With €9 billion of assets2, CAPZA puts its experience and passion for investing at the service of investors in Europe and worldwide with its platform of 6 complementary areas of expertise: Growth Tech, Flex Equity, Flex Equity Mid-Market, Private Debt, Transition3 and Artemid4.

CAPZA offers financing solutions to small and mid-cap companies at every stage of their development. Its unique platform allows CAPZA to support companies over the long term by providing them with custom made financing solutions (majority equity, minority equity, subordinated debt, senior debt, etc.). CAPZA is a generalist but has built up strong expertise in supporting companies in the health, technology and services sectors.

CAPZA Group has more than 110 employees based in Paris, Munich, Madrid, Milan and Amsterdam.

More info: www.capza.co

1 CAPZA (formerly Capzanine) is the commercial name of Atalante SAS
2 of which assets managed by a third party and advised by Artemid SAS, valuations as of 31/03/2024 also including funds raised until June 2024.
3 The funds of the CAPZA Transition range are managed by the asset management company CAPZA, and advised by CAPZA Transition SAS which has financial investment advisor status (CIF in France) and is registered under the Orias under the number 18001601 since 03/23/2018.
4 Artemid SAS is a fully owned subsidiary of CAPZA. It is a financial investment advisor (CIF) registered with ORIAS under number 14003497 since 28 May 2014. Artemid SAS advises the Artemid Senior Loan funds which are managed by CAPZA and France Titrisation (only the first vintage is managed by France Tritisation).

Press Contacts
Camille Billiemaz, waterland@the-arcane.com +33 6 31 58 82 37
Laurence Van Doosselaere, vandoosselaere@waterland.be +32 479 77 57 68

3i Group plc (“3i”) today announces that it has agreed the sale of its investment in Weener Plastics (“WP”), a leading provider of innovative plastic packaging solutions, to Silgan Holdings Inc (“Silgan”). Proceeds to 3i are estimated to be c.£283m, which represents a c.21% uplift on its 31 March 2024 valuation. Including the £45m of proceeds already received, this represents a 2.2x return on invested capital.

WP supplies the world’s leading A-brands and private label players focusing on the design, development and manufacturing of value-added caps and closures, deodorant sticks and roll-ons, and other innovative packaging for the personal care, food and beverage, home care and healthcare industries.

3i invested in WP in 2015 and has supported its international growth strategy through expansion into new product categories such as pharma packaging, and strengthened its position in its existing segments. During this period WP also completed four bolt-on acquisitions, significantly reinforcing its presence in Latin America and Europe, and delivered consistent growth, almost doubling its EBITDA under 3i’s ownership.

WP’s sustainability initiatives have also been recognised with an EcoVadis Platinum rating, placing WP in the top 1% of companies in the manufacture of plastic packaging worldwide.

Adrian Whitfield, CEO of Weener Plastics, said: “Our partnership with 3i has been very successful. We have expanded into new geographies, significantly grown the size of our business and laid the foundation for WP to be the reference player in innovative and sustainable plastic packaging solutions. We are now ready for the next international growth phase. I’m excited to be partnering with Silgan, which will provide new opportunities for growth and innovation, and enable us to take the next step in continuing to deliver exceptional value to our customers, employees and our other stakeholders.”

Pieter de Jong, Partner, Managing Director at 3i, said: “We are proud that WP has developed into one of the leading global suppliers of innovative and sustainable plastic packaging solutions. Under our ownership the company has become a frontrunner in creating sustainable packing solutions for its international clients which is demonstrated by its EcoVadis Platinum status. We are proud to have partnered with the WP management team, whose creative and entrepreneurial spirit drove the success of this business. We wish them a great future under the ownership of Silgan, and thank them for their partnership with 3i.”

The transaction is expected to complete in early Q4 2024 and is subject to customary closing conditions and regulatory approvals.

Barclays plc are acting as lead financial adviser. William Blair International Ltd. are acting as financial adviser and Willkie Farr & Gallagher LLP are acting as legal adviser.

-ENDS-

Download this press release   

For further information, contact:

About 3i Group
3i is a leading international investment manager focused on mid-market Private Equity and Infrastructure. Its core investment markets are northern Europe and North America.

For further information, please visit: www.3i.com.

About Weener Plastics
Weener Plastics is a full-service global supplier of innovative plastic packaging solutions, with a strong focus on the functionalities of dispensing, containing and closing. The company designs, develops and manufactures added-value caps, closures, roll-ons, jars and bottles for the personal care, food, home care and healthcare industries. Headquartered in Ede, The Netherlands, the company employs more than 4,000 people and has 23 facilities in 15 countries worldwide.

For further information, please visit: www.wppg.com

Regulatory information
This transaction involved a recommendation of 3i Investments plc, advised by 3i Germany.

The Reigwein family and investment company Parcom have reached an agreement regarding the acquisition of RECO, a specialist in equipment rental for the professional market. In partnership with Parcom, RECO’s management aims to continue its current growth strategy and company culture. In the coming years, the company will focus on sustainable growth within the equipment rental market, aiming to become the go-to partner for all equipment-related needs of its professional clients. The acquisition will not lead to changes for employees, customers, suppliers, and partners.

RECO is a Dutch family business based in Koudekerk aan den Rijn with 280 employees. RECO has been the specialist in equipment rental for the professional market for over 70 years. RECO offers an extensive portfolio of rental equipment to various sectors, including construction, rail & infrastructure, maritime, and events. RECO’s proposition focuses on unburdening customers by providing technical advice and other complementary services. As a family business, RECO values personal communication and fast decision-making, hereby ensuring reliability for its customers.

RECO has ambitious plans for the future. After 70 successful years under the leadership of the Reigwein family, both the family and the current management believe it is time for the next phase of growth. Parcom paves the way for further expansion of RECO’s current proposition within the Netherlands and the UK, as well as acquisitive growth. This partnership provides the opportunity to further invest in new product groups for the professional market, further geographic expansion within the Netherlands and the UK, and establish a leading position as a provider of sustainable solutions in (temporary) energy supply.

The RECO Lift Solutions business unit in Waddinxveen, which focuses on rental activities of temporary passenger lifts, emergency lifts, and stairlifts, will not be transferred to Parcom. This business unit, with approximately 30 employees, will continue its operations under Robin Reigwein.

Robin Reigwein, RECO: “I have great confidence in Parcom as partner for RECO in its next phase of growth. The input and experience of the Parcom team will be a valuable addition to the management team. Parcom recognizes the strength of RECO’s dynamic and responsive family-oriented culture and aims to preserve the culture in the future. I will remain actively involved in RECO Lift Solutions and look forward to capitalizing on international opportunities with the team, while maintaining close cooperation with RECO.”

Willem-Jan Merckel, Parcom: “We are very pleased to invest in RECO and become a partner of the management team. We are impressed by RECO’s development since its founding under the Reigwein family. The company offers a unique proposition to its professional clients based on unburdening clients of its equipment-related matters. We look forward to supporting the company in its further development.”

Financial details of the transaction will not be disclosed. The transaction is amongst others subject to approval by The Dutch Competition Authority (Autoriteit Consument & Markt).

About RECO

RECO is a dynamic and successful family business and has been a specialist in equipment rental for over 70 years, serving sectors such as construction, rail & infrastructure, and events. RECO combines equipment rental with technical advice and additional services to its clients such as design & calculation, transport and assembly. Through expert advice and an extensive product range, RECO provides a complete solution for any project. RECO operates with approximately 280 employees in the Netherlands and the UK. Although the RECO philosophy has remained unchanged over the years, the company has grown to become the go-to partner for equipment rental in the Dutch market. More information: www.reco.eu.