Investments
Date of Investment
October 2012
Status
Exited (December 2017)
Structure
Control, with significant management ownership
Company Profile
Concurrent is a vertically integrated contract electronic manufacturer, providing a range of manufacturing and assembly services. Concurrent operates facilities in the U.S. and Mexico and serves a diverse range of customers within the telecommunications, industrial, energy, defense and aerospace markets.
Industry
Contract Electonics Manufacturing
Transaction Type
Asset purchase from a bank via UCC Article IX purchase
Balmoral Opportunity
With affiliates in the UK, US and Mexico suffering from various levels of distress, Simclar, Inc. found a buyer for its assets in Concurrent. With a reinvented and invested management team and reinvigorated manufacturing capabilities benefiting from Balmoral’s equity infusions into the business, Concurrent is addressing the needs of and expanding the highly-regarded customer base.
Date of Investment
SEPTEMBER 2024
Status
Active
Structure
Equity
Company Profile
Provider of customized automation solutions, precision metrology, inspection, and high precision assembly solutions for advanced manufacturing.
Industry
Industrial Technology
Transaction Type
Corporate Divestiture
Balmoral Opportunity
Partnered with management and industry executives to acquire from a corporate parent
Date of Investment
October 2020
Status
Active
Structure
Equity
Company Profile
Leading producer of expandable polystyrene resins in North America. Based in Peru, IL.
Industry
Advanced Materials
Transaction Type
Corporate Divestiture
Balmoral Opportunity
Partnered with management and industry executives to acquire from a corporate parent
Headquarters
Navasota, TX
Date of Investment
January 2007
Status
Exited (September 2008)
Company Profile
Interstate Southwest is a leading provider of closed die steel forgings, specializing in large components (10 to 2,500 pounds) with complex geometries. ISW provides customers a full range of services including tool design and manufacturing, engineering, prototyping, forging, heat treating and machining.
Industry
Steel forging / Heavy industrial
Transaction Type
Corporate divestiture
Balmoral Opportunity
ISW was an opportunity for Balmoral to acquire an unprofitable business unit from a large auto-part casting company which was in bankruptcy. Despite ISW’s unprofitability, Balmoral and key managers saw the chance to shed unprofitable business, add customers and increase the sale of higher margin products. The turnaround also included a preventative maintenance program and upgrading the physical appearance of the plant. Balmoral partnered with the key managers to acquire and complete a successful turnaround of the company.
Date of Investment
May 2021
Status
Active
Structure
Equity
Company Profile
Leading producer of compounded expandable polystrene and molded products used in building insulation, personal safety equipment, and filtration media.
Industry
Advanced Materials
Transaction Type
Buyout, Growth Investment
Balmoral Opportunity
Complementary acquisition for Epsilyte
Date of Investment
March 2022
Status
Active
Structure
Equity
Company Profile
Resco 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.
Industry
Engineered Materials
Transaction Type
Buyout
Balmoral Opportunity
Partnered with industry executives to refresh the business and reinvest in growth after years of inactive ownership.
Date of Investment
October 2021
Status
Active
Structure
Equity
Company Profile
Leading provider of expandable polystyrene (EPS) located in Baie d’Urfe, Quebec.
Industry
Advanced Materials
Transaction Type
Buyout, Growth Investment
Balmoral Opportunity
Complementary acquisition for Epsilyte
Headquarters
Daytona Beach, FL
Date of Investment
March 2006
Status
Exited (July 2011)
Structure
Shared-control with another sponsor and with significant management ownership
Company Profile
Tara Technologies is a designer, tester and manufacturer of precision components and systems used in critical applications for leading global manufacturers in semiconductor, aerospace, military, energy and medical markets for 50+ years. Tara was a sole-supplier of critical parts to many of its customers, including Applied Materials.
Industry
Precision components and systems
Transaction Type
Corporate divestiture
Balmoral Opportunity
Tara was the last business unit of an orphaned division that had otherwise been sold off in pieces. Balmoral saw an opportunity to support the management team of Tara and implement a turnaround plan which consisted of branding itself, opening up an office in Singapore and diversifying revenue into other markets, including oil & gas, industrial and aerospace.
Date of Investment
November 2018
Status
Exited
Structure
Equity
Company Profile
Leader in modular building sales and leasing – offering turnkey permanent and temporary modular construction solutions for sale or lease across North America. Developed by industry veterans, VESTA brings a professional approach and unique perspective to its projects utilizing a greener, faster, and smarter way of building. THINKING BEYOND THE BOX is the company motto, emphasizing that the modular box is just a part of the overall project success. The company provides modular solutions, for sale or lease, to the educational, hospitality, multi-family, assisted living, institutional, Government, healthcare, workforce housing, office, disaster recovery and storage industries with an emphasis on quality, comfort, and safety.
Industry
Modular Facility Construction and Rental
Transaction Type
Buyout, Growth Investment
Balmoral Opportunity
Partner with experienced operators, Dan McMurtrie and Billy Hall, with a successful track record in modular construction.
Date of Investment
June 2022
Status
Active
Structure
Equity
Company Profile
Provider 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.
Industry
Chemicals
Transaction Type
Take-private
Balmoral Opportunity
Partnered with management and industry executives to take a microcap public company private.