InvestmentsAllCurrentExitedIndustrialsBusiness ServicesConsumerSupply Chain/LogisticsAerospace & Defense Websiteconcurrentmfg.com HeadquartersHialeah, FL LeadershipBen Teno, CEO Date of InvestmentOctober 2012 StatusExited (December 2017) StructureControl, with significant management ownership Company ProfileConcurrent 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. IndustryContract Electonics Manufacturing Transaction TypeAsset purchase from a bank via UCC Article IX purchase Balmoral OpportunityWith 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. 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 HeadquartersNavasota, TX Date of InvestmentJanuary 2007 StatusExited (September 2008) Company ProfileInterstate 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. IndustrySteel forging / Heavy industrial Transaction TypeCorporate divestiture Balmoral OpportunityISW 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. 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 HeadquartersDaytona Beach, FL Date of InvestmentMarch 2006 StatusExited (July 2011) StructureShared-control with another sponsor and with significant management ownership Company ProfileTara 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. IndustryPrecision components and systems Transaction TypeCorporate divestiture Balmoral OpportunityTara 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. Websitevestamodular.com HeadquartersSouthfield, MI LeadershipDan McMurtrie Date of InvestmentNovember 2018 StatusExited StructureEquity Company ProfileLeader 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. IndustryModular Facility Construction and Rental Transaction TypeBuyout, Growth Investment Balmoral OpportunityPartner with experienced operators, Dan McMurtrie and Billy Hall, with a successful track record in modular construction. 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.