InvestmentsAllCurrentExitedIndustrialsBusiness ServicesConsumerSupply Chain/LogisticsAerospace & Defense Date of InvestmentMarch 2019 StatusActive StructureEquity Company ProfileCustom VIP aircraft interior manufacturing company. IndustryAerospace and Defense Transaction TypeCorporate Carve-out Balmoral OpportunityPartner with management team who ran the company successfully before it became part of a larger parent company. Websitedispatchtrans.com HeadquartersFontana, CA LeadershipBruce Degler, Founder and CEO; Kim Pugmire, President Date of InvestmentSeptember 2011 StatusActive StructureControl, with significant management ownership Company ProfileFull-service hauler and broker of dirt and aggregates in California and Nevada. Dispatch has operated for almost 60 years and is considered a leader and “brand name” in its markets. Within nine months of Balmoral’s investment, Dispatch expanded into Northern California through the purchase of certain assets of a local company. IndustryLogistics / Transportation Transaction TypeAsset purchase from a bank via UCC Article IX purchase Balmoral OpportunityDispatch was an opportunity for Balmoral to invest alongside its founder in one of the most significant dirt and aggregate hauling companies in the region and to reinvigorate itself with a strengthened balance sheet. The new liquidity has allowed Dispatch the opportunity to pursue large projects, acquire a business in an adjacent territory and invest in growth. Websiteepsilyte.com HeadquartersWoodlands, TX LeadershipBrad Crocker Date of InvestmentOctober 2020 StatusActive StructureEquity Company ProfileLeading producer of expandable polystyrene resins in North America. Based in Peru, IL. IndustryAdvanced Materials Transaction TypeCorporate Divestiture Balmoral OpportunityPartnered with management and industry executives to acquire from a corporate parent Websiteigps.net HeadquartersOrlando, FL LeadershipJeff Pepperworth (CEO) Date of InvestmentJune 2013 StatusActive StructureMajority, in Shared-Control Structure Company ProfileOperator of the world’s first plastic pallet rental service featuring lightweight, 100% recyclable plastic pallets with embedded radio frequency identification (RFID) technology. The company’s plastic pallets and integrated technologies yield significant savings for product manufacturers (of beverages, foods, pharmaceuticals, agriculture, etc.) and their customers who receive such products (e.g. retailers). IndustryLogistics / Mobile Assets Transaction TypeTurnaround followed by growth investment in 2019 Balmoral OpportunityPartnered with experienced and successful operators and a private equity firm (whose foreign affiliate had manufactured 10 million pallets that iGPS has purchased) to acquire the only U.S.-based plastic pallet rental/pooling business. The new management will implement strategies focused on greater logistics efficiency, faster velocity of the assets in use and lower loss/damage rates. Websitekpaviation.net HeadquartersReno, NV LeadershipKim Schulze Date of InvestmentMay 2019 StatusActive StructureEquity Company ProfileKP Aviation is an aerospace aftermarket sale and leasing company. KP Aviation acquires assets opportunistically by identifying those that (a) have entered into the mid-life status of their life cycle, (b) are migrating from tier one operators to the secondary marketplace; and/or (c) have reached a point in their life cycle where the sum of their parts is worth more than the value derived from repairing, maintaining and operating them. IndustryAerospace Transaction TypeGrowth Equity Balmoral OpportunityPartner with committed and successful operators. Websitemooyah.com HeadquartersPlano, TX LeadershipAnand Gala Date of InvestmentApril 2017 StatusActive StructureEquity Company ProfileFranchisor of fast-casual “MOOYAH” branded restaurants offering fresh, customizable burgers, hand cut fries, and real ice cream milkshakes to customers worldwide. The Company is a global brand with 93 locations spanning 10 countries, including 73 stores in the U.S. and 20 international stores. MOOYAH’s ongoing growth and success is driven by its strong network of franchisees who value MOOYAH’s global brand, proven economic model and passionate, committed leadership team. IndustryRestaurant Brand Transaction TypeBuyout, Growth Investment Balmoral OpportunityPartner with Anand Gala, 30 year industry veteran, and MOOYAH management. Websitepolysource.com HeadquartersPiqua, OH LeadershipBrad Crocker Date of InvestmentMay 2021 StatusActive StructureEquity Company ProfileLeading producer of compounded expandable polystrene and molded products used in building insulation, personal safety equipment, and filtration media. IndustryAdvanced Materials Transaction TypeBuyout, Growth Investment Balmoral OpportunityComplementary acquisition for Epsilyte Websitehttps://www.rescoproducts.com/ HeadquartersPittsburgh, PA Date of InvestmentMarch 2022 StatusActive StructureEquity Company ProfileResco Products, Inc is a refractory manufacturer that services many diverse end markets, including steel and cement production, and petrochemical processing. Resco has been in the refractory industry for over 75 years and operates 11 facilities across North America and the United Kingdom. Resco’s footprint provides a unique ability to service customers quickly and efficiently. Resco is a product leader within the refractory industry, creating enhanced products that reduce customers downtime and increase productivity. IndustryEngineered Materials Transaction TypeBuyout Balmoral OpportunityPartnered with industry executives to refresh the business and reinvest in growth after years of inactive ownership. Websitestyrochem.com HeadquartersBaie-d’Urfe, Quebec LeadershipBrad Crocker Date of InvestmentOctober 2021 StatusActive StructureEquity Company ProfileLeading provider of expandable polystyrene (EPS) located in Baie d’Urfe, Quebec. IndustryAdvanced Materials Transaction TypeBuyout, Growth Investment Balmoral OpportunityComplementary acquisition for Epsilyte Websitehttps://www.trecora.com/ HeadquartersSugar Land, TX LeadershipBrad Crocker Date of InvestmentJune 2022 StatusActive StructureEquity Company ProfileProvider of specialty hydrocarbons (pentanes and hexanes) and waxes out of 2 facilities near Houston, TX. Trecora Resources serves the building products, packaging, transportation, consumer and life sciences end-markets. IndustryChemicals Transaction TypeTake-private Balmoral OpportunityPartnered with management and industry executives to take a microcap public company private.