The partners of FHP are involved in a variety of transactions ranging from small
business turnarounds to middle market buyouts:
Current Investments
Micromatic – Corporate Divestiture / Buyout
Micromatic is an Indiana based manufacturer, operating in two primary lines of business: (i) design, machine and assemble rotary actuators for multiple markets, and
(ii) design and build assembly tooling for the automotive industry. The business was a non-core division of Textron.
Napoleon Stone – Buyout
Napoleon Stone is a sandstone quarry located in Napoleon, MI. Napoleon Stone produces a variety of sandstone landscape products such as patio stone and retaining walls.
FHP purchased the business from the original owner who was retiring after 53 years in the business.
NSW Automotive – Early Stage
NSW was a early stage company, established to act as the "Bridge" between its Global Partners in China and automotive companies in the U.S., managing part programs from
start to finish. NSW Automotive is a Tier 1 supplier to the automotive market, providing engineered metal and rubber component parts through its manufacturing and joint
venture partners. NSW maintains offices in Detroit, Shanghai and Beijing, with a full service team able to deliver high quality components, on time, and at considerable
cost savings compared to domestically produced products.
Past Investments
Boat Manufacturer – Turnaround
Niche boat manufacturer suffering from over expansion and weak
management which resulted in substantially over-leverage. Purchased business and plant from creditors in an Article 9 sale. Took operating control of the
business, restructured the operation, launched new products, revitalized brand, and
stabilized dealer network. Company is performing well, new products are taking hold,
and vendor relations are in tact.
Telecom Service Provider - Buyout
Telecom services provider with operating in a competitive
market with high churn of customer base. Owner was looking to cash out. Management needed
of financial partner. Purchased the business and assumed oversight role, working with
management to develop and implement strategy, create efficiencies and target acquisitions.
Company is performing well with double-digit revenue growth and single digit EBITDA growth
in a very difficult telecom environment.
Fiberglass Company – Turnaround
Fiberglass parts manufacture suffering from weak management,
improper costing systems, and fraud. Earned control of business based on quick turnaround
in performance, bought-out remaining shares over time. Took operating control of the business,
restructured the management team, implemented costing systems, revised product offering and
stabilized cash flow. Company is performing well, with sound costing and permanent management
team in place.