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Industry Consolidation
FCP backs managers in acquiring other
companies within their industry. Using its financial
resources and acquisition expertise, FCP excels at supporting
managers who seek to make a strategic acquisition, or
acquire and integrate a number of companies within a
fragmented industry. While other equity sponsors drive
consolidations with no rational integration plan or
proper due diligence, FCP has proven to be a strong
ally in making consolidations work. We have also acquired
product lines and other strategically important assets
to help grow our portfolio companies.
Thompson PBE/New Horizon Auto Paint
Clearwater,
Florida
FCP backed the management team in
the acquisition of more than a dozen competing aftermarket
auto paint distributors. This effort resulted in a company
with more than $200 million in sales and $20 million
in profit. Through the execution of this consolidation
strategy, the management of the platform company generated
significant personal net worth while building the national
leader within this highly fragmented $2 billion industry.
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