Recent News & Announcements
M&A Outlook: Tregaron Capital Looks Ahead to 2013 with Axial Market
Thursday, February 7, 2013JR Matthews, Managing Director of Tregaron Capital, sits down with Axial market to look ahead to 2013. “I am cautiously optimistic about this coming year,” says Matthews. “So far our portfolio companies have been performing well and, as long as the economy does not go sideways, we are expecting continued growth.” Click here to read more...
Tregaron Winds up 2012 with a Record Eight Transactions; New Deals Sought for 2013
Thursday, January 24, 2013Tregaron is pleased to report a banner year in 2012. Three new company investments, two add-ons to existing portfolio companies, and three quality exits made for a full and profitable year. We continue to be in the market for both new equity and mezzanine debt opportunities with lower middle-market companies. We work with intermediaries, sponsors, and directly with management teams, with flexibility and decisiveness, to get deals done.
Tregaron Completes Investment in Roquemore & Roquemore, Leading Provider of Repossession Management and Skip Tracing Services
Thursday, December 20, 2012 |
Roquemore |
Tregaron Capital is pleased to announce that, along with continuing management, it has completed the asset purchase of Roquemore & Roquemore, Inc. ("Roquemore"), based in Garland, TX.
Roquemore is a leading provider of collateral repossession management and skip tracing services to credit unions and other financial services providers. A pioneer in the skip tracing market, Roquemore today utilizes state-of-the-art technology to deliver a full suite of services and industry leading results. Roquemore's proprietary SkipTrak system provides real-time workflow and document management, with unprecedented visibility from collateral location to repossession through remarketing. Learn more at www.Roquemore.com.
Tregaron Supports Endurance Interational's Acquisition of Intuit Websites
Thursday, November 16, 2012 |
Endurance International Group |
Tregaron is pleased to announce that it has provided second lien financing in support of Endurance International Group's ("Endurance") acquisition of Intuit Websites from Intuit. Endurance will also refinance its existing debt and provide a dividend to its shareholders.
Endurance is one of world's leading providers of hosting and online services to small and medium sized businesses, serving over 1.9 million unique customers and managing over 7.7 million domains. Through both organic growth and acquisition, Endurance has maintained a track record of exceptional growth. Learn more at www.EnduranceInternational.com.
Tregaron Exits EMSI Investment with Strong Return
Tuesday, September 11, 2012 |
Economic Modeling, LLC (EMSI) |
Tregaron Capital is pleased to announce that it has completed the sale of Economic Modeling, LLC ("EMSI") to Career Builder, LLC and management. EMSI is a leading provider of high-quality employment data and economic analysis via web tools and custom reports, producing comprehensive impact analysis for colleges and universities throughout the US and internationally.
Tregaron Opportunity Fund I, which acquired EMSI in February 2010, realized a 6.8x return on the fund's investment in the company. Overall to date, Tregaron Opportunity Fund I, which was established in 2010 with $65 million in capital under management, has achieved over a 40% per year compounded annual return (net of fees and expenses) on partner capital, including five debt and/or equity investments.
Tregaron Provides Financing for Endurance International's Acquisition of Host Gator
Thursday, July 26, 2012 |
Endurance International Group |
Tregaron is pleased to announce that it has provided second lien financing in support of Endurance International Group's ("Endurance") acquisition of Host Gator. This investment continues Tregaron's long association with Endurance in support of their small business hosting consolidation strategy.
Endurance is one of world's leading providers of hosting and online services to small and medium sized businesses, serving over 1.9 million unique customers and managing over 7.7 million domains. Through both organic growth and acquisition, Endurance has maintained a track record of exceptional growth. Learn more at www.EnduranceInternational.com.
Tregaron Successfully Exits GlowTouch through Sale to Management
Tuesday, May 8, 2012 |
GlowTouch Technologies |
Tregaron Capital is pleased to announce that it has completed the sale of a majority of its interests in GlowTouch Technologies (www.GlowTouch.com), a leading provider of outsourced IT services headquartered in Louisville, KY and Mangalore, India, to its long-time management. The Company was formed through the combination of Diya Systems and GlowTouch Technologies, and has grown substantially since Tregaron's initial investment in 2006, achieving INC 500 status for the last three years.
Tregaron Finances PharmaSync's Acquisition of Pharmacy Services Provider
Wednesday, April 25, 2012 |
PharmaSync |
Tregaron Capital is pleased to announce that, in support of Triton Pacific Capital Partners (www.tritonpacific.com) and management, it has provided mezzanine debt financing to capitalize PharmaSync, LLC ("PharmaSync" or the "Company"), based in the Portland, OR metro area.
PharmaSync has acquired a leading provider of institutional pharmacy services in the Oregon market. The Company focuses on the needs of adult foster care, assisted living centers, and other residential care facilities. For 20 years, the Company has been a reliable and cost-effective provider of pharmacy services. Learn more at www.Pharma-Sync.com.
Tregaron Finances Fun Brands Acquisition of HQ Carousels
Wednesday, January 4, 2012 |
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Fun Brands |
Tregaron is pleased to announce that, in conjunction with Avante Capital Partners, it has provided financing to Fun Brands to acquire HQ Carousels, the nation's largest operator of mall-based double-decker carousels.
Fun Brands operates the Pump It Up and BounceU franchise systems, which together have over 200 inflatable fun centers nationwide. The acquisition of HQ Carousel further strengthens and diversifies their portfolio of children's entertainment alternatives. Learn more at www.PumpItUpParty.com.
Tregaron Announces Sale of Endurance to Warburg Pincus
Friday, December 23, 2011 |
Endurance International Group |
Tregaron is pleased to announce the sale of a controlling interest in its portfolio company Endurance International Group ("Endurance" or the "Company") to Warburg Pincus and GS Capital Partners. Tregaron will maintain a non-control interest in the Company.
Endurance is one of world's leading providers of hosting and online services to small and medium sized businesses, serving over 1.9 million unique customers and managing over 7.7 million domains. Learn more at www.EnduranceInternational.com.
Tregaron, along with its co-investors Accel-KKR and management, purchased Endurance in 2008. Since that time, the Company has grown substantially, both organically and by several add-on acquisitions.
Tregaron Supports Pine Street's Investment in TreadWright
Wednesday, September 7, 2011 |
TreadWright |
Tregaron Capital is pleased to announce that, in support of Pine Street Growth Partners and management, it has provided mezzanine debt and equity financing for the acquisition of TreadWright, LLC. (TreadWright), based in Hot Springs, South Dakota.
TreadWright is a leading tire retreading company serving the light truck replacement tire market. The Company sells direct to consumers primarily via its website and phone orders, focusing on truck and off-road enthusiasts. TreadWright's business model is based on recycling tires, a process that uses a fraction of the oil and raw materials that are required to manufacture a new tire. Retreaded tires are more cost-effective and environmentally friendly than new tires while offering the same level of safety and performance.
Tregaron Congratulates Its 2010 Inc. 500/5000 Honorees
Thursday, September 9, 2010 |
GlowTouch Technologies |
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Tregaron is pleased to announce that two of its portfolio companies have been named to the Inc. 500/5000 list of America's fastest growing private companies. IT services provider Glowtouch Technologies, led by CEO Vidya Ravichandran, was named #244, placing in the top 500 for the second year in a row. Economic data provider EMSI, led by CEO Andrew Crapuchettes, came in at #950, making the top 5000 list for the fourth consecutive year.
We congratulate these accomplished and innovative CEOs and their companies for their continued standout performances. We also look forward to making new investments - both mezzanine debt and equity - in future honorees.
Tregaron Closes New Fund, Expands Activities
Wednesday, July 28, 2010Tregaron Capital of Palo Alto, CA is pleased to announce that it has closed a new $50 million fund, focused on both mezzanine debt and control equity investments. The fund, led by John Thornton, JR Matthews, and Todd Collins, will continue Tregaron's focus on investments in $1 to $5 million EBITDA companies located in the western US.
The fund marks Tregaron's expansion into mezzanine lending in addition to its traditional equity focus. The fund is actively seeking mezzanine investments both directly to companies and alongside private equity sponsors in support of buy-outs, recapitalizations, acquisitions, and growth.
Tregaron Completes Investment in EMSI
Thursday, April 22, 2010 |
Tregaron Capital is pleased to announce that, along with continuing management and employees, it has completed the asset purchase of Economic Modeling Specialists Inc. (ESMI), based in Moscow, ID.
EMSI is a leading provider of high-quality employment data and economic analysis via web tools and custom reports. EMSI also produces comprehensive impact analysis for colleges and universities throughout the US and internationally. Learn more at www.economicmodeling.com.
John Thornton Joins Tregaron Team
Monday, February 8, 2010Tregaron Capital is pleased to announce that John Thornton has joined the firm as a Partner and Managing Director. Thornton is a long-time private equity professional in the Northern California area and will focus on developing Tregaron's mezzanine debt business, as well as selected equity investments.
John has over 19 years of experience as a private equity and mezzanine debt investment professional. Prior to Tregaron John was a Partner at Pacific Community Ventures, a $60 million growth oriented private equity fund manager, where he was focused on making equity investments in high growth lower middle market California businesses.
Previously John was a Principal with American Capital Strategies, Inc., a $5 billion specialty finance and leveraged buyout firm, where he was responsible for sourcing, structuring, analyzing and closing middle market growth financings and leveraged buyout transactions. John holds a BS degree in Industrial Engineering from Stanford University and an MBA degree from the University of California Berkeley’s Haas School of Business.
Glowtouch Named to Inc 500, Louisville "Fast 50"
Thursday, October 29, 2009 |
GlowTouch Technologies |
GlowTouch Technologies, a Louisville, KY-based IT outsourcing services provider, has been named the fastest-growing privately owned company in Greater Louisville by Business First of Louisville's annual "Fast 50" list. This is the first year GlowTouch has been included on this list.
Business First's Fast 50 Awards honor the 50 fastest-growing independent and privately held companies in the Greater Louisville area. The Fast 50 companies must be independent, for-profit and privately held; have an average of at least $1 million in revenue for the three most recent years; be headquartered in Bullitt, Henry, Jefferson, Meade, Nelson, Oldham, Shelby, Spencer or Trimble counties in Kentucky, or Clark, Floyd, Harrison or Washington counties in Indiana; and have a three-year operating sales history.
Earlier this month, GlowTouch was also named #130 on the Inc. 500 list of America's fastest growing private companies and #2 on the Inc. 500 list for Kentucky. In early 2009, the company was recognized as a High Impact Company by Louisville Metro Government and Greater Louisville Inc.'s (GLI) ENTERPRISECORP for its contribution to the local economy and average growth rate over the last three years, and also was named a finalist for GLI’s 2009 Inc.redible Awards for small businesses.
Tregaron Completes Investment in Endurance
Tuesday, October 14, 2008 |
Endurance International Group |
Fast-Growing Company is One of the World’s Largest Providers of Website Creation, Hosting and Management Solutions
Tregaron Capital today announced that it had completed an equity stake in The Endurance International Group, Inc. (“Endurance”), a privately-held provider of online applications and services. Financial terms of the transaction were not disclosed.
Endurance is one of the largest providers of website hosting and online applications and services in the world and ranks among the top 10 for domain names under management worldwide. The company utilizes a multi-brand approach to provide web services and solutions tailored for various market segments, including small and medium-sized businesses, individual consumers, non-profits groups and large enterprises. Endurance supports multiple brands worldwide and manages over one million domain names.
Under the terms of the transaction, Endurance’s Chief Executive Officer Steve Sydness, Executive Vice Presidents Hari Ravichandran and Thomas Gorny, together with their senior management team, will continue in their current roles. Endurance’s senior management team will continue to hold a significant equity stake in the company.
Pump It Up Merges with BounceU
Monday August 11, 2008 |
Pump It Up |
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BounceU |
Pleasanton, Calif.– Pump It Up,the nation’s largest franchise of interactive, indoor inflatable playgrounds for private parties, announced today that it has merged with Phoenix-based BounceU, its only direct national competitor. The transaction positions both private party franchises for domination of the indoor inflatable entertainment industry.
Pump It Up, founded in 2000, currently operates 174 franchises in 33 states nationwide, with more than 70 locations in development, while Bounce U, which began in 2003, has 40 locations open and more than 60 in development.
The two brands currently compete in approximately 15 markets. System-wide sales revenues for Pump It Up topped $70 million last year, while Bounce U is projected to exceed $15 million in system-wide revenues in 2008.
“By combining the Pump It Up and BounceU brands into one organization, we are now positioned as the dominant franchise system in our industry,” said Pump It Up CEO Gordon Keil. “We are confident that the unique strengths of both organizations will provide the skills, experience and numbers necessary to dominate our competition, which in these challenging economic times is critical for everyone with a vested interest in either brand.”
As a result of the acquisition, Pump It Up will eventually move its corporate headquarters from the Bay Area in California to the Phoenix AZ area – a strategic move to make the offices more accessible for current and prospective franchise owners. Employees and management of both companies will be retained, and the Pleasanton, CA Pump It Up facility will operate as a back office. In addition, Keil noted that PIU Management will now operate as a multi-brand franchisor.
In 2007, Pump It Up announced that Palo Alto, CA-based Tregaron Capital Partners, LLC, a private investment company, acquired a majority share of the company. As part of the transaction, Tregaron Capital retained Keil as the President and CEO to run day-to-day operations of the business while the company’s original founders took a consulting role. Keil is the former CEO of Huntington Learning Centers and a noted expert in growing companies and managing franchise systems.
Pump It Up gets snapped up
East Bay Business Times - Thursday, March 22, 2007 |
Pump It Up |
The nation's largest franchise of indoor inflatable playgrounds, Pleasanton-based PIU Investments LLC (better known as Pump It Up), has been purchased by Tregaron Capital of Palo Alto.
No purchase price was announced.
Pump It Up, founded seven years ago by Brenda Dronkers, has grown into a nationwide chain of 152 locations that went from $3 million worth of annual sales in 2003 to $55 million last year.
It began franchising individual locations three years ago.
Dronkers brought Terry Dillenburg on as a partner in 2002. Both are expected to continue as expert consultants for Gordon Keil, who became president and CEO of Pump It Up nearly a year ago. Tregaron Capital officials said they will retain Keil at the helm.
"Brenda and Terry's drive and tenacity made Pump It Up the first, the biggest and the best in the industry," Keil said in a statement. "Overcoming the challenges of establishing a concept from infancy, they had the vision to get us to a very good place."
Keil said Tregaron would provide "precisely the kind of long-term investment strategy and management skills to fuel continued nationwide expansion and build on the success of existing Pump It Up locations."
J.R. Matthews, managing director of Tregaron Capital, said Pump It Up is "a strong concept with huge potential to fill marketplace demand."
Pump It Up provides inflatable playgrounds mainly for children's birthdays, team parties and school events. Employees also provide supervision, food and beverages.
Tregaron Capital specializes in investing in small to mid-sized companies with annual EBITDA of between $2 million and $10 million.
Tregaron Capital Acquires GlowTouch Technologies, IT outsourcing specialist
Monday, January 5, 2007 |
GlowTouch Technologies |
Tregaron Capital Company has completed the acquisition of GlowTouch LLC as well as the Business Process Outsourcing (BPO) assets of ADSNetcurve, both companies located in Louisville, KY. Transaction terms were not disclosed.
Tregaron has acquired the Business Processing Outsourcing (BPO) business unit of ADSNetcurve, a 22 year old technology company. BPO operations are based in Mangalore, India, with US client service operations in Louisville, KY. The unit provides end-to-end contact center services, including technical support and customer account management, as well as data entry, remote infrastructure management, and marketing support. The BPO business has experienced significant growth over the last 3 years and is expected to continue this trend over the next several years.
Tregaron has also acquired GlowTouch LLC, a technology services company offering custom application and software development solutions to clients worldwide, with operations also based in Mangalore, India.
The organizations and skills of both companies go forward under the banner of Glowtouch (www.glowtouch.com), offering a full range of technology-enabled support, BPO, and software development services at highly competitive prices. The company is well positioned to take full advantage of the increasing client needs for superior technology solutions at affordable prices.
Tregaron Capital Acquires HRPlusMonday, November 21, 2005
Tregaron Capital Co. has acquired the assets of Gallery Associates, Inc. (dba HRPlus and STAT America), a leading national provider of pre-employment background screening and drug testing, located in Evergreen, Colorado. |
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Recent News
M&A Outlook: Tregaron Capital Looks Ahead to 2013 with Axial Market Tregaron Winds up 2012 with a Record Eight Transactions; New Deals Sought for 2013 Tregaron Completes Investment in Roquemore & Roquemore, Leading Provider of Repossession Management and Skip Tracing Services Tregaron Supports Endurance International's Acquisition of Intuit Websites Tregaron Exists EMSI Investment with Strong Return Tregaron Provides Financing for Endurance International's Acquisition of Host Gator Tregaron Successfully Exits GlowTouch through Sale to Management Tregaron Finances PharmaSync's Acquisition of Pharmacy Services Provider