Ancor announces Transhield acquisition

Ancor Capital Partners is pleased to announce the acquisition of Transhield, Inc. based in Elkhart, Indiana.

Transhield develops and engineers high-tech, advanced environmental protective and corrosion inhibiting covers for the protection of boats, vehicles and equipment during storage or transit. The company has expanded its product offering from an original focus on the marine industry to the military and industrial markets. Transhield holds multiple patents which has allowed it to become a recognized leader in the anti-corrosion market.

Ancor teamed with Midwest Mezzanine Funds to provide the subordinated debt and equity for the transaction.

Raymond Kingsbury, Ancor Managing Partner, said, “Transhield is led by a strong management team who chose to reinvest with us and we are excited to partner with them as we continue to expand the markets which the company addresses.” He continued, “corrosion protection is a growing market that is becoming increasingly important to our customer base and Transhield’s products are the most advanced in the market to protect its customer’s products and equipment.”

Jim Glick, President of Transhield, said “the ability to team with an equity sponsor such as Ancor and Midwest Mezzanine is exciting to us, especially due to Ancor’s operational experience and their success with other portfolio companies that are similar to Transhield.” He continued, “the company is at an important inflection point in its growth and to have the expertise of these groups will help us achieve our growth initiatives.”

“The purchase of Transhield is exciting for Ancor as it is the second acquisition of a platform company for Ancor in 2014” said Randall Keene, Managing Partner of Ancor. He continued, “this year we have acquired two platform companies, Transhield and Identity Group, sold one platform, Carex Health Brands and have strengthened a number of our other portfolio companies.” Keene added, “2014 is shaping up to be one of Ancor’s best years and we appreciate the confidence our investors and management teams have placed in us as we continue to build our firm.”

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