Arvada, CO, October 31, 2019 – Linx Partners, LLC is pleased to announce that its portfolio company, Reconstruction Experts (“RE”), a premier property services company primarily serving Homeowner’s Associations (“HOAs”) has acquired Advanced Roofing & Sheet Metal (“ARSM”).

Founded in 1980 and headquartered in Fort Myers, FL, ARSM is a leading provider of roofing services and solutions primarily serving multi-tenant housing developments in Southwest Florida. ARSM has developed a strong brand with a niche position as the “go-to” roofing services partner of choice for property managers and condominium HOAs in its markets.

ARSM is a compelling acquisition target for RE given its established presence in Florida, the top expansion market for RE to enter because the state is the largest HOA market in the U.S. and it has frequent destructive weather events. Further, ARSM expands RE’s reconstruction and restoration services by deepening its roofing and HVAC service expertise.

Rich Whitten, Chief Executive Officer of RE, said “From the very beginning of our engagement, we found remarkable overlap between ARSM and RE with respect to service philosophy, market approach, and employee culture. The ARSM team’s strong reputation has positioned them as the go-to provider to the multi-family residential and commercial markets in Florida. This reputation, combined with their commitment to safety, quality, and client satisfaction, made them the ideal platform from which to add RE’s complementary suite of property services in Florida.”

“We are excited for the opportunities a combination with ARSM will provide RE, as it seeks to become the premier property services provider for HOAs in Florida.” commented Giny Mullins, Managing Director of Linx Partners and Chairman of RE, “RE has been targeting the Florida market and focusing on expanding its roofing and reconstruction services. ARSM allows us to achieve both of these goals with a Company that has a complementary culture and an established strong reputation.”

Working with the Linx and RE team on this acquisition is Texas Capital Bank, National Association who provided the senior financing.

Additional information may be found at www.linxpartners.com.

Honest Partnerships | Cohesive Team | Shared Philosophy

Linx Partners is actively seeking synergistic additions to our portfolio company Elite Express.

Add-on criteria:

• Geography: NJ, Southeastern PA, OH and IN
• EBITDA Range: $1+ million
• Products & Services: Truckload and less-than-truckload hauling services, (both dry van & refrigerated), refrigerated warehousing and freight brokerage

About Elite Express

Headquartered in Pennsauken Township, NJ, Elite Express offers load to deliver for volume less-than-truckload, truckload, and temperature-controlled freight shipments. The Company services a diverse customer base of pharmaceutical, medical, specialty chemical, food ingredients and automotive shippers that value product integrity, security, and on-time delivery.

For more information about Elite Express, visit www.shipeliteexpress.com.

Please forward the information to Mark Niznik at mniznik@linxpartners.com.

Mooresville, NC., July 31, 2019 – Linx Partners, LLC is pleased to announce that its portfolio company, Carolina Precision Technologies (“CPT”), an industry-leading precision contract manufacturer to the Life Sciences and Aerospace industries, acquired Renchel Tool Inc., a niche contract manufacturer with focus on complex orthopedic instruments and implants, as well as aerospace and petrochemical applications. Headquartered in Putnam, CT, Renchel Tool’s products predominantly cover a broad range of precision machined instruments for the medical device surgical market, including orthopedic instruments used during hip, knee, spine, and extremities surgeries.

“Ron and Brenda Williams and their management team have done an outstanding job growing Renchel into one of the most respected OEM suppliers in the orthopedic space. Their reputation reflects the consistent and sustainable performance delivering high-quality products with exceptional on-time delivery” stated Christopher M. Cashman, Chief Executive Officer and President of CPT. “This transaction is a combination of highly compatible cultures and complementary capabilities, expertise, and industry synergies. We are very excited that the Renchel team is joining Carolina Precision.”

Ron Williams, President of Renchel Tool, commented “We are very pleased that our Company has found a terrific partner that will bring expanded capital resources and further manufacturing and industry expertise that will allow Renchel to continue to expand its capacity and customer base. I am thankful for what each of our employees has contributed over the years and look forward to seeing the future positive developments.”

Working with the Linx and CPT team on this acquisition is Fifth Third Bank who provided the senior financing.

About Carolina Precision Technologies

CPT is a world-class contract manufacturer of complex, high precision, and tight tolerance products and services to the Life Science and Aerospace industries. CPT has manufacturing plants in Mooresville, NC; Warminster, PA; and Putnam, CT and has a history of more than two decades delivering high-precision, high-complexity components nationwide. Our experienced engineers, CNC machinists, and dedicated quality control personnel scrutinize every phase of development – from prototype to production – and use only the best technology available.

For more information on Carolina Precision Technologies, visit www.carolinaprecision.com.

For more information on Renchel Tool, Inc, visit www.rencheltoolinc.com.

FORT WORTH, TEXAS, April 30, 2019 – Linx Partners is pleased to announce Linx Fund III’s recapitalization of Transglobal Services, LLC (“Transglobal” or the “Company”). Linx has partnered with the founders of Transglobal to help professionalize, build and continue the growth trajectory of the business. This transaction is the seventh platform acquisition for Linx Fund III. John Ratliff and Jeff Colwell, Transglobal’s founders will continue in their roles and will maintain significant ownership going forward.

Transglobal Services, based in Fort Worth, Texas, is a leading provider of critical services to the energy pipeline infrastructure industry in Texas, Oklahoma, New Mexico, and the surrounding areas with a primary focus today on the Permian Basin. The Company has developed a strong reputation with its blue-chip customer base for survey, land acquisition, GIS (Geographic Information Systems), environmental permitting, and right of way services through its superior service quality, speed of completion and rigorous approach to data gathering and management.

“We couldn’t be more excited about the fit we have found with Linx Partners,” said John Ratliff, Co-Founder and CEO of Transglobal. “We believe this partnership will allow us to continue our expansion of service offerings and geographic reach to our customers.”

“Linx was initially drawn to Transglobal by the Company’s leading reputation in the growing Permian Basin and its talented, driven management team,” said Giny Mullins, Managing Director at Linx Partners. “We are very excited to partner with this dynamic team. We believe Transglobal’s data management capabilities, service quality, and its focus on customer service have positioned the Company perfectly for its next stage of growth.”

Jeff Colwell, Transglobal’s Co-Founder and COO, commented “We are excited about the partnership with Linx. This will allow us to continue to grow Transglobal which was formed in 2007. Linx and Transglobal are a great fit as we both understand the market, customers and areas Transglobal works in every day.”

Working with the Linx team on this acquisition is Cadence Bank, National Association who provided the senior financing.

For more information on Transglobal Services, visit www.TransglobalLLC.com

We are delighted to announce that our Founding Partner, Babette Henagan, has been honored by ACG Atlanta.
Babette has been awarded the inaugural Trailblazer award for her significant impact in the Private Equity industry.

 

New Brand Reflects Executive Leadership’s Plans to Focus on Network Intelligence and Downtime Reduction

COPPELL, TX. March 6, 2019 – Clover Telecom and Depot Enterprise, leading providers of network equipment, repair, and maintenance services in globally, announces that beginning today, the Company will operate under the new name of Sagent. This effort is symbolic of the brand’s renewed mission to focus on network transparency as it relates to business intelligence solutions in the communications market.

“The Sagent name represents the fresh and progressive company we are building for our employees, partners, and customers as we work to become the foremost thought leader in helping network operators manage their infrastructure,” said Gordon Smith, Sagent CEO. “We are creating something special and compelling here. Our vision is to deliver measurable cost-savings to the market and offer integrated network monitoring solutions that will help our customers expand, maintain and monetize their networks, with a full suite of services throughout the equipment lifecycle.”

Also being announced today is the company’s new mission statement: “Know What Your Network Knows”

“Sagent helps you lower your total cost of network ownership using advanced business analytics and network support services. Whether it’s time to repair, reuse, replace, or resell your network equipment, our nothing-to-hide approach is the only way to know what your network knows,” said Shawn Grennan, Vice President of Sales. “Too often, companies are forced to make decisions in the dark, because they don’t have the data analytics that tells you how much life is left in your current equipment, what it’s really worth, and which repair and maintenance options make the most sense.”

To put this renewed vision into action, Sagent has adopted three pillars that focus on corporate transparency for its customers, partners, and employees:

• No hidden data – You get the business intelligence needed to improve your network performance and reduce operating expenses at every stage of your equipment’s lifecycle.
• No hidden risks – You always know you’re getting best-in-class equipment that’s tested to exceed OEM quality standards, guaranteed to arrive on time, and supported with 24×7 maintenance options.
• No hidden agenda – You work with someone who sits on the same side of the table as you and will make sure you know the truth about what your network is trying to tell you.

Only Sagent takes this nothing-to-hide approach. For more information on Sagent, please visit www.sagent.net.

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ABOUT SAGENT

Sagent helps you lower your total cost of network ownership while also lowering your risk of downtime. When you need to repair, reuse, replace, or resell your network equipment, you get the advanced business analytics and network support services required to make better decisions. Sagent takes a nothing-to-hide approach that means no hidden data, no hidden risks, and no hidden agenda. That’s why, since 2001, thousands of customers in over 80 countries have turned to Sagent – including tier-1 telcos, cable MSOs, Fortune 500s, and even the OEMs themselves. Today, our 130,000 sq. ft. facility ships more than 2 million parts per year. Sagent is the only way to really know what your network knows.

Linx Partners, LLC is pleased to announce that Linx Fund II, Co-investors and Affiliates have sold its investment in Grammer Industries, Inc. (“Grammer” or the “Company”) in a recapitalization transaction led by Stellex Capital Management, a middle market private equity firm with offices in New York and London.

Grammer, founded in 1968, is a leading specialty transportation liquid chemicals hauler based in Columbus, Indiana. The Company is a primary transporter and transloader of anhydrous ammonia as well as liquefied petroleum gas, nitric acid, carbon dioxide, and other bulk hazardous and waste related materials. Grammer services both industrial and chemical customers with a network of 17 locations strategically located near chemical production “hubs” in the Midwest, Southeast and Gulf regions.

“Our successful partnership with Grammer and its management team achieved significant growth during our investment period. It was very gratifying for Linx to be involved in the building of such a compelling transportation/logistics business model,” said Peter Hicks, Managing Director at Linx Partners.

Morgan, Lewis & Bockius LLP served as legal advisor to Grammer and Linx Partners. Piper Jaffray & Co. served as financial advisors to Grammer.

About Linx Partners
Linx was founded in 1999 on the premise of investing in U.S. industrial companies, utilizing our human and capital resources in partnership with families, entrepreneurs and management teams to build businesses. The founding partners of Linx have worked together in various capacities for over 30 years and have collectively created over 30 such partnerships since 1980. For more information on Linx, visit www.linxpartners.com.

About Grammer Industries, Inc.
Based in Columbus, Indiana, Grammer Industries was founded by Charles “Shorty” Whittington as a niche carrier servicing the agriculture industry by hauling anhydrous ammonia. The Company has grown steadily over time, adding new products and expanding its geographical base. Today, Grammer is the premier provider of bulk hazardous transportation services in the United States. The Company stands on its foundation of safety and unsurpassed customer service as the key components of its longevity and success. For more information on Grammer, visit www.grammerindustries.com.

Babette Henagan was recently interviewed by Axial Networks, Inc.

Please see the interview here:

https://www.axial.net/forum/why-babette-henagan-founded-her-own-private-equity-firm/

ARLINGTON, Va., April 26, 2018 – The National Tank Truck Carriers, Inc. (NTTC) announced that John Whittington has been elected as the organization’s new chairman at the NTTC’s recent annual meeting in Toronto, Ontario.  Whittington succeeds Lee Miller, CEO of Miller Transporters of Jackson, Mississippi who now serves as Chairman of the NTTC’s executive committee.

“I am proud to serve as the next Chairman of NTTC,” said Chairman Whittington.  “These are good times for trucking and I believe that our organization is well-positioned to champion the tank truck industry’s commitment to safety and success for its carriers.  I look forward to working with our entire membership and our many allies to accomplish great things for our industry.”

John Whittington is currently Vice President of Government Affairs & Special Projects of Grammer Industries (www.grammerindustries.com) and its subsidiary Vickery Transportation (www.vickerytransportation.com).  Founded in 1968, Grammer specializes in bulk transportation of anhydrous ammonia, liquefied petroleum gases, carbon dioxide, nitric acid, cryogenic liquids and other products for a wide variety of agricultural and industrial customers. Chairman Whittington is a passionate advocate for the trucking industry having previously served as the Chairman of the Indiana Motor Truck Association (IMTA) and the Agricultural Food Transporters Conference of the American Trucking Associations (ATA).  He is a serial entrepreneur who is actively involved in a variety of business interests including trucking, transloading, renewable fuels production, and real estate development.  He is a proud graduate of Purdue University where he earned his B.S. degree in Agricultural Business Management.

About NTTC

National Tank Truck Carriers, Inc. (NTTC) is a trade association composed of over 550 companies that specialize in bulk transportation services by cargo tank throughout North America.  The tank truck industry generates roughly 6% of all truck freight revenue, but that represents 30% of all truck freight in terms of tonnage due to the heavy nature of the liquid bulk products handled.

Media Contact:
Ryan Streblow
Senior Vice President
National Tank Truck Carriers, Inc.
(703) 838-1960
www.tanktruck.org

Linx Partners is pleased to announce its acquisition of Clover Telecom. Linx has partnered with the management team of Clover to purchase the Company from its former parent. This acquisition is the sixth platform acquisition for Fund III and is Linx Partners’ second repair and maintenance platform investment.

Clover Telecom, based in Dallas, Texas is a leading provider of equipment distribution and repair and maintenance services for a blue-chip customer base in the wireless, cable, data and wireline industries. The Company’s core services include (i) equipment distribution; (ii) equipment testing and repair; (iii) out of warranty technical support; and (iv) field services. Clover offers its global customers access to its extensive inventory of new and used networking equipment, as well as expansive repair and engineering capabilities on over 20 of the top Network Equipment OEMs.

“Linx was drawn to Clover because of the company’s talented management team, strategic growth opportunities and diversification of end markets,” said Giny Mullins, Managing Director at Linx Partners. “The Company’s expertise in networking equipment and breadth of repair and maintenance capabilities translate into tremendous potential in existing and new markets that are natural extensions of the business. In addition, this is a fragmented market that will provide abundant add-on opportunities for growth.”

“We couldn’t be more excited about the fit we have found with Linx Partners” said Gordon Smith, President. “Our two groups are aligned in our vision for growing our customer base, geographic presence, and technical capabilities.”

For more information on Clover Telecom, visit www.clovertelecom.com