Management Buy-In

FCP backs outside management in the acquisition of a company where the chief executive’s departure has left the business with a management void. FCP also partners with qualified managers with a specific acquisition candidate in mind. Alternatively, FCP has the ability to find suitable management when required. In each case, managers receive significant ownership and daily operating control.

Consumer Product Enterprises, Inc.
Union, South Carolina

FCP backed a leading executive from the craft and hobby industry in acquiring Consumer Product Enterprises. The retirement of CPE’s operator with no in-house successor called for a management buy-in. CPE is the nation’s largest manufacturer of felt for the craft and hobby industry.