Century Park Capital Partners is pleased to announce the strategic acquisition of Pretoria Transit Interiors by its portfolio company Specialty Manufacturing, Inc. The completed transaction combines the two businesses to form one of the leading suppliers to the transportation industry.
“The combination of these two businesses is part of each company’s commitment to serve their customers better. This transaction allows us to provide a broader mix of high-quality products to our blue chip customer bases. By leveraging the volume and best practices of each company, we expect to be able to bolster each company’s already outstanding service and support.” said Gray Ellison, President of Specialty.
The businesses will continue to operate as they have done so successfully over the years and they envision that this transition will be transparent to each company’s respective customer base. Pretoria’s chief executives and founders, Herman and Sonette Myburgh, will continue on as managers of the business. Gray Ellison, will serve as the combined company President and Herman Myburgh will be responsible for product development and customer service.
“We have had tremendous growth over the years,” says Pretoria CEO, Herman Myburgh, “By joining forces with a strong organization like Specialty, who is committed to the transportation industry and supported by a strong financial equity partner [Century Park Capital Partners], we will augment the infrastructure necessary to support the growing needs of our customers.”
About Century Park Capital Partners
Century Park Capital Partners is a Los Angeles-based private equity firm that partners with owner/managers to build successful companies. The firm specializes in facilitating owner liquidity and business expansion by providing $10 million to $50 million equity investments for minority recapitalizations, growth financings, management-led buyouts and acquisition financings. More information on Century Park Capital Partners can be found at www.centuryparkcapital.com.
About Specialty Manufacturing, Inc.
Headquartered in Pineville, North Carolina, Specialty Manufacturing is a leading supplier of safety components, lighting systems and accessories to the school and transit bus markets. To learn more about Specialty and its products, please visit www.specmfg.com.
About Pretoria Transit Interiors.
Headquartered in Murfreesboro, Tennessee, Pretoria is a leading manufacturer of bus components and systems for the commercial transit industry. Pretoria’s products include interior passenger and strip lighting, overhead parcel racks, HVAC ducting, ceiling panel systems and advertising card racks. To learn more about Pretoria and its products, please visit www.pretoriausa.com.