VRA Partners Advises Keystone Capital on its Sale of Controlled Products to Clearview Capital Fund III L.P.
VRA Partners, LLC is pleased to announce that Controlled Products, LLC ("Controlled Products" or the "Company"), a leading manufacturer of synthetic turf and a portfolio company of Keystone Capital, Inc. ("Keystone Capital"), has been acquired by Clearview Capital Fund III L.P. VRA Partners acted as the exclusive financial advisor to Keystone Capital and Controlled Products. Terms of the transaction were not disclosed.
Controlled Products is a leading manufacturer and distributor of premium quality synthetic turf for sports, training, landscape, leisure and specialty applications. The Company's products are sold to a national network of dealers and installers under Controlled Products' highly recognizable brand names - Synthetic Turf International®, SporTurf™ and GrassTex. The Company also delivers a broad array of turf products to original equipment manufacturers and large regional installation companies under private label arrangements. All manufacturing operations are conducted from a state-of-the-art, 280,000 sq. ft. facility in Dalton, Georgia that is ISO 9001, ISO 14001 and OHSAS 18001 certified.
Based in Chicago, Illinois, Keystone Capital is a private investment firm that invests in market leading, niche companies in close partnership with management. Founded in 1994, Keystone Capital invests in companies in the niche manufacturing, industrial technology, food and beverage, healthcare and professional business services sectors.
Clearview Capital LLC, based in Old Greenwich, Connecticut, is a private equity firm specializing in the acquisition of profitable middle market companies in business and industrial services, healthcare, branded products, manufacturing, and value-added distribution industries.
VRA Partners, an independent Atlanta-based investment bank, focuses on providing M&A services to leading middle-market companies and private equity firms. VRA Partners also assists companies with raising capital for growth, acquisitions, recapitalization, going-private and management buy-out transactions, and provides fairness opinions, valuations and strategic advisory services. The professionals of VRA Partners have completed more than 550 transactions across a broad range of industry sectors, including consumer and retail, business services, healthcare services and technology, industrial products and services, and technology and communications. VRA Partners, LLC is a Member FINRA/SIPC. For more information, please visit our website at www.vrapartners.com.
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Chris Reilly, Director - Originations