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New York | April 2006
Leading Middle Market Mezzanine Firm Invests In Distributor Of Aftermarket Auto Parts
Praesidian Capital, a leading provider of mezzanine debt to middle market companies, has provided senior and subordinated debt financing in the amount of $9,750,000 for the recapitalization of Pro-Motion Distributing, Inc. ("Pro-Motion"), a leading distributor of branded specialty automotive aftermarket parts within the $1.7 billion sport compact specialty parts industry. Equity for the transaction was provided by DBI Capital and EFM Capital Partners.
Pro-Motion operates a 35,000 square foot facility in southern California and distributes parts to approximately 1,800 specialty retailers throughout the United States, Canada, South America, Europe and East Asia. Pro-Motion is known throughout its industry for its leadership in carrying quality products and providing premier customer service. Pro-Motion carries one of the broadest, deepest inventories in the industry, featuring parts from leading aftermarket manufacturers including AEM, Eibach, HKS, Momo, Holly and Sparco. Pro-Motion's co-founders, Eugene Inose and Jeffrey Louie, will continue to lead the management team. For more information, visit www.pmdistributing.com.
"We are very pleased to be working with DBI and EFM, as well as the skilled managers at Pro-Motion," said Neil A. Marks, Managing Partner at Praesidian. "With our experience in the distribution sector, we were able to recognize the great potential in this already successful business."
Since the close of its debut $157 million fund in February of 2005, Praesidian Capital has established a strategy of providing mezzanine and, selectively, senior capital to historically profitable middle market companies with talented management teams throughout the United States. Since its inception, the firm has closed twelve investments in nine companies, including three in the distribution category.
About Praesidian Capital
Praesidian provides mezzanine debt to middle market companies. The firm provides capital for established, historically profitable companies, as well as for management/leveraged buyouts, recapitalizations and refinancings. Investments are focused on successful businesses in the manufacturing, distribution and service sectors, although the firm's approach is not driven by an industry focus. For more information, visit www.praesidian.com
About EFM Capital Partners
EFM Capital Partners makes private equity investments to facilitate privately-held, owner-operated businesses transition into professionalized and institutionalized growth platforms. EFM focuses on southern California based businesses with revenues and EBITDA up to $25 million and $5 million, respectively. For additional information on EFM, please contact A.J. Matsuura at firstname.lastname@example.org
About DBI Capital
DBI Capital LLC is a private equity firm that makes investments in or acquires smaller middle-market companies principally located in Southern California with enterprise values ranging between $5 million to $15 million. DBI generally commits capital to investments in management buyout and recapitalizations transactions. For additional information on DBI, please contact Brian Malewicz at href="mailto:email@example.com">firstname.lastname@example.org
Media Contact: Dan Jacobs
Broadgate Consultants, LLC
Phone: 212 232 2227
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