News

Radnor, PA, August 8, 2013 – Milestone Partners is pleased to announce that its portfolio company Pancon Corp. completed a highly strategic add-on acquisition of Sunstone Components Group on August 2, 2013.

Milestone Partners is pleased to announce that on June 24, 2013, its portfolio company Martex Fiber Southern Corp. (www.martexfiber.com) completed an add-on acquisition of JBM Fibers, a shoddy (recycled fiber) manufacturing business in Brownsville, Texas. JBM is a major regional player in the post-consumer textile waste industry, providing recycled textile products to a diversified customer base nationwide.

Milestone Partners is pleased to announce that in May 2013 it completed the sale of Mariner Finance, LLC (“Mariner” or the “Company”) to an investment group. The sale transaction generated a gross return in excess of 5x Milestone’s invested capital and a compounded annual growth rate of approximately 60%. Headquartered in Baltimore, Maryland, Mariner (www.marinerfinance.com) is a leading provider of consumer installment loans operating 57 branches in seven states from New York through Tennessee.

Radnor, PA, April 4, 2013 – Milestone Partners (“Milestone”) is pleased to announce the final closing of Milestone Partners IV, L.P. (“Milestone IV”) with total commitments of $300 million, representing a 25% increase over its predecessor fund, Milestone Partners III, L.P. (Milestone III). Milestone is also pleased to announce the promotions of John Nowaczyk to Partner and Dan Ryan to Principal and Head of Business Development.

Milestone Partners is actively seeking potential add-on acquisitions for Pancon Corporation (www.panconcorp.com). Based in Stoughton, MA, with additional operations in Illinois, Virginia, Germany and Slovenia, Pancon is a leading global designer and manufacturer of industry standard and custom cable connectors (discrete and mass terminated) and their associated board mount interfaces.

Milestone Partners remained active in lower middle market private equity transactions in 2012, as detailed below. All of us at Milestone wish you a happy holiday season and a prosperous 2013.

Milestone Partners is actively seeking potential add-on acquisitions for Machine Laboratory, LLC (“Machine Lab” or the “Company”). Machine Lab is a Lenexa, KS based provider of engineering solutions and high-precision manufacturing capabilities for a variety of end markets, including aerospace and defense, automotive and medical.

Milestone Partners is pleased to announce that on May 31, 2012, it completed the acquisition of Southern Management Corporation and certain affiliates (“Southern” or the “Company”). Milestone, the management team of Southern and other co-investors provided equity capital for the transaction, while Wells Fargo Bank, N.A. provided a senior credit facility.

Milestone Partners is pleased to announce that on April 30, 2012, it completed a recapitalization of Martex Fiber Southern Corp. (“Martex” or the “Company”). Milestone and Martex President Jimmy Jarrett provided equity capital for the transaction, while Sovereign Bank, N.A. provided senior debt facilities and THL Credit, Inc. provided subordinated debt.

Milestone Partners is pleased to announce that on March 7, 2012 it partnered with management to complete the recapitalization of Image API, LLC (“Image API” or the “Company”), a leading provider of electronic content management solutions (“ECM”) and related outsourced services to state and local government agencies.