Prior Investments

adobe-183x60Adobe was the acquisition of an 80% interest in two full service forklift dealerships, Caterpillar and Nissan along with a Trailer Dealership and Construction Equipment Dealership. Both forklift dealerships incorporated new and used product sales, parts sales, equipment service and forklift rentals. The dealerships sold predominately Caterpillar and Nissan products, but also sold complementary products from Kalmar, Mastercraft, Noble, JLG, Capacity, Shuttlewagon, Nilfisk Advance and Barrett. The trailer operation sold and repaired a variety of trailers, including Transcraft, Pitts and Construction Trailer Specialists. The construction equipment operation primarily sold JCB heavy equipment, along with MultiQuip and LayMor Sweepers

pentacon-001Pentacon, Inc. was a successful simultaneous consolidation of five privately-owned companies that distribute fasteners to the OEM market. Milestone participated in this roll up and public offering by providing capital to the sponsor group. This capital was used to finance the simultaneous consolidation of these companies and the company’s public offering costs. The public offering was effected on the New York Stock Exchange.

TracerTracer was an acquisition of a controlling interest in a petrochemical and industrial services company based in Houston, Texas with offices in Louisiana and Canada. The company provides turnkey design, engineering and construction of heat traced piping in petrochemical and industrial applications. In this transaction, the owners, who were also the top management, sold a controlling interest in the company. This transaction was also structured as a partial recapitalization of the company. The company was sold to a subsidiary of Tyco International, Ltd.

bluecurrent-002Bluecurrent, Inc. was an acquisition of a controlling interest of a company based in Austin, Texas through a recapitalization transaction. The company is a leading solutions provider of lifecycle management services for technology assets of Fortune 1000 companies. The company also provides installation, de-installation and project management services as well as disposition services for legacy equipment.

obiOBI was an acquisition of a controlling interest of a company based in Houston, Texas. The company is a leading worldwide distributor of specialized bearings used in oilfield service equipment. The company maintains a larger supply of specialized oilfield bearings under one roof than any other distributor in the world. This transaction included a partial recapitalization of the company and the sale of a controlling interest in the company by the owners, who were also top management. After the investment was made, the company expanded internationally into Canada, Scotland and the United Arab Emirates.

sweetleaf-001Milestone recapitalized an entity in Beaumont, Texas known as Sweet Leaf Tea Company. The company manufactures and distributes all natural, ready-to-drink iced tea products. Milestone provided equity for working capital, new inventory production and the development of new iced tea flavors and an enhanced geographic distribution network. The company has since added new flavors, expanded distribution throughout the state of Texas and numerous other states and the company has developed a solid presence in major national grocery stores, natural food stores and convenience stores.

swg-001Milestone and the owner of Southwest Guaranty Mortgage Corp. (“SGMC”) formed a new operating entity in Houston, Texas known as Southwest Guaranty, Ltd. This new company was capitalized with equity capital from Milestone and operating assets from SGMC. Southwest Guaranty, Ltd. was formed to expand the current small balance commercial real estate lending operations of SGMC. Southwest Guaranty, Ltd. is a direct lender with a regional presence and provides quality service to a neglected niche market for commercial real estate loans between nonbankable loans and hard money loans