Stonehenge Partners stands as a notable investment firm, actively engaging in strategic partnerships across diverse industries. With a keen eye for growth potential and a commitment to fostering long-term value, Stonehenge Partners has consistently demonstrated its expertise in identifying and nurturing promising companies. This article delves into a selection of investments made by Stonehenge Partners, showcasing their diverse portfolio and strategic approach to fostering business expansion.
Strategic Acquisition in Asphalt Solutions: True North Asphalt and Huyser Asphalt Paving & Sealcoating
In January 2023, True North Asphalt, backed by the financial strength of Stonehenge Partners, expanded its market presence through the acquisition of Huyser Asphalt Paving & Sealcoating. Huyser, a well-established provider in western Michigan, brings to the table a robust portfolio of asphalt paving and concrete solutions catering to a wide range of commercial clients. This strategic move highlights Stonehenge Partners’ focus on supporting portfolio companies in expanding their service offerings and geographical reach through synergistic acquisitions. The undisclosed amount of this acquisition suggests a significant investment aimed at solidifying True North Asphalt’s position in the competitive asphalt industry.
Fueling Innovation in Green Cleaning Technology: Cold Jet and Seidler Equity Partners
Stonehenge Partners, in collaboration with Seidler Equity Partners, injected development capital into Cold Jet in June 2022. Cold Jet is a pioneering company specializing in dry ice blast cleaning and environmentally friendly cleaning systems. This investment underscores Stonehenge Partners’ commitment to supporting companies at the forefront of innovation and sustainable technologies. The capital infusion is set to accelerate Cold Jet’s development initiatives and further solidify its position in the burgeoning green cleaning sector, reflecting a forward-looking investment strategy.
Empowering Textile Manufacturing with Davlyn Group
February 2021 witnessed Stonehenge Partners’ $10 million development capital investment in The Davlyn Group. Davlyn Group is a manufacturer specializing in high-temperature textile products. This investment signals confidence in the manufacturing sector and specifically in companies producing specialized industrial materials. Stonehenge Partners’ backing is poised to enable The Davlyn Group to enhance its manufacturing capabilities, expand its product line, and potentially explore new markets within the high-temperature textile industry.
Advancing Podiatric Care: Weil Foot & Ankle Institute Partnership
In June 2019, Stonehenge Partners, alongside Aureus Capital, invested in Weil Foot & Ankle Institute. Weil Foot & Ankle Institute is a leading provider of podiatric care, research, and training services. This investment highlights Stonehenge Partners’ diversification into the healthcare sector and their support for institutions dedicated to specialized medical services and research. The capital is expected to bolster Weil Foot & Ankle Institute’s ability to expand its services, further its research endeavors, and enhance its training programs in podiatric medicine.
Expanding Reach in Food Service Distribution: Atlantic Beverage Company
August 2018 saw a joint investment by Huron Capital, KCM Capital Partners, and Stonehenge Partners in Atlantic Beverage Company. Atlantic Beverage Company is a national food service supplier, becoming Huron Flex Equity’s latest platform in the dynamic food service and distribution markets. Stonehenge Partners’ participation in this investment underscores their strategic interest in the food service industry and their collaborative approach to supporting platform companies poised for growth and market expansion within this sector.
Investing in Renewable Energy: Verogy and Solar Development
Verogy, a solar-development company, secured $5 million in pre-seed equity capital from Stonehenge Growth Capital in February 2018. This investment demonstrates Stonehenge Partners’ commitment to the renewable energy sector and their proactive approach to supporting companies driving the transition to sustainable energy solutions. The funding enabled Verogy to further its solar development projects, contributing to the expansion of solar energy infrastructure.
Strengthening Organic Food Supply Chains: Simmons Grain Company
A significant investment by Stonehenge Partners, Inc. in October 2017 saw approximately $1 billion directed to Simmons Grain Company. Simmons Grain Company is a key supplier of organic soybean meal to the organic poultry and egg industries. This substantial investment highlights Stonehenge Partners’ focus on supporting critical links in the food supply chain, particularly within the rapidly growing organic food market. The capital injection aimed to strengthen Simmons Grain Company’s operations and its capacity to meet the increasing demand for organic feed ingredients.
Promoting Clean Energy Access: PosiGen and the Invest CT Program
August 2017 marked another investment by Stonehenge Growth Capital, channeling $5 million through the Invest CT program into PosiGen. PosiGen is a company dedicated to providing clean energy technology to low-to-moderate-income households. This investment not only facilitated PosiGen’s expansion in Connecticut but also aimed to extend clean energy benefits to numerous households, reducing energy costs and promoting sustainability. Stonehenge Partners’ investment in PosiGen exemplifies their commitment to socially responsible investing and supporting companies that create both economic and social value.
Facilitating Growth in Veterinary Care: MedVet Associates
In December 2015, MedVet Associates secured $31.5 million through a combination of private equity and bank loans, with contributions from Stonehenge Partners Inc. and SkyKnight Capital Fund LP. MedVet Associates, a network of specialty and emergency veterinary hospitals, utilized this funding to finance an acquisition, fueling its expansion in the veterinary care market. Stonehenge Partners’ investment in MedVet underscores their interest in the growing pet care industry and their support for companies aiming to enhance and expand specialized veterinary services.
Strategic Real Estate Joint Venture: SL Green Realty Corp. and Stonehenge Partners
October 2011 saw Stonehenge Partners and SL Green Realty Corp. forming a joint venture to acquire eight retail and multifamily properties for $416 million. This significant real estate transaction, finalized in early 2012, highlights Stonehenge Partners’ diversification into real estate investments and their collaboration with established industry players like SL Green Realty Corp., a leading real estate investment trust. This venture demonstrates Stonehenge Partners’ capability to engage in large-scale real estate deals and their strategic approach to diversifying their investment portfolio across various asset classes.
Conclusion
The diverse investments of Stonehenge Partners illustrate a strategic and forward-thinking approach to private equity. Their portfolio spans across various sectors, from manufacturing and healthcare to renewable energy and real estate, showcasing their adaptability and expertise in identifying and supporting growth opportunities. Stonehenge Partners’ commitment to fostering long-term value is evident in their partnerships with companies poised to make significant impacts in their respective industries. Their investment strategy reflects a dedication to not only financial returns but also to supporting innovation, sustainability, and societal well-being through strategic capital allocation.
