A Partner for Life
“During my fifteen year relationship with Centre I have run two portfolio companies and sat on four Boards of Directors as an Operating Partner.
When I met Centre in 1997, we were looking for an equity partner for KIK that could support our strategy of consolidating the private label segment of the North American bleach and household cleaning products industry. Centre quickly understood our vision and was creative in structuring an investment that enabled us to maintain a significant ownership stake while providing us with substantial capital to execute our plan. With the help of Centre’s financing and acquisition expertise, we successfully executed on our strategy by completing five acquisitions over the next 5 years, dramatically expanding our manufacturing footprint and distribution capabilities and enabling us to create a dominant market position within our categories. Through the success of our consolidation strategy, we were able to grow sales and EBITDA meaningfully, enabling us to take the company public via a Canadian income fund and resulting in a terrific outcome.
Five years later, when I started K2 Pure Solutions and needed a financial partner to support our strategy of creating the largest manufacturer of bulk bleach, caustic soda and hydrochloric acid for water treatment using inherently safe technology, Centre was my only call. For the second time they helped us make our vision succeed through creative financing structures and highly supportive strategic guidance. With Centre, I have found a partner for life.”
David Cynamon – Executive Chairman, K2 Pure Solutions, L.P.; former President & CEO, KIK Custom Products
Private Family Business
“Upon graduating from college in 1963, I joined Quickie Manufacturing which was founded by my father and my uncle in 1919. When I became president in 1971, I had the vision that the future of Quickie hinged upon two things; continued product innovation coupled with a drastic shift in our distribution channels. Immediately, we exited our traditional department store channel and focused our business strategy on supermarkets, mass merchandisers, home centers, and drug chains. Thanks to a very strong team, we are now the number one producer and marketer of cleaning tools in North America. In 2004, I decided it was time for me to find a successor who would take Quickie to the next stage of its success. Although I wanted to step back, I did not want to step out. Because I believed Quickie still had a bright future, I wanted to be part of it. Again, thirty three years later, I followed my instinct and set out to find the best partner rather than auction my family’s company to the highest bidder. When I met the folks at Centre Partners, we saw eye to eye right away. They brought in one of their operating partners (who later became our CEO) who had a vast experience in the consumer goods space and who immediately shared my vision for the future. They further tapped into their network and brought on the board two additional operating partners with consumer packaged goods and mass market retailing backgrounds. Finally, they structured a financing which allowed for a large reinvestment by my family and me to achieve my estate planning goals. When you have a successful business, capital is easy to come by but thoughtful and creative value-added partners like Centre are not.”
Peter Vosbikian – former Chairman & CEO, Quickie Manufacturing Corporation
A True Partner in the Dental Space
“Having first met Centre in 2006, we developed a strategy to grow a platform in the Dental product space together. In the summer of 2011, I finally had the opportunity to partner with them to acquire DenMat. My team and I had a number of private equity groups pursuing us to support our consolidation strategy in the dental industry; but we chose Centre because of their knowledge and contacts in the sector, their strong work ethic and creativity, and because they are also enjoyable guys with whom to work. They have met and exceeded my expectations in so many ways. Centre devoted significant time and resources to help us source and close our platform deal, and their experience was invaluable when it came to negotiations, due diligence and documentation. They are more than just a capital provider; they are true partners.”
Steve Semmelmayer – CEO, DenMat Holdings, LLC