Specialty Manufacturing, Inc.
After having spent nearly 30 years working in large industrial corporations, I have found the partnership and support provided by Century Park to be a breath of fresh air. Century Park is always there to support us in a way that fosters a spirit of entrepreneurship that is both motivating and challenging. Their experience and expertise have proven to provide the guidance we need to help move the company forward and prepare us for what lies ahead.Joseph Uebbing
Specialty Manufacturing, Inc. is a leading supplier of niche components to the bus and rail markets. Products include safety components and lighting systems.
- Key supplier in markets served
- 40 years of experience in safety related products
- Key supplier of bus lighting
Industry – Specialty Manufacturing
Prior to partnering with Century Park, Specialty Manufacturing was owned by a family holding company. After 25 years of ownership, the family was eager to find a partner that could provide the resources and expertise necessary for the company to aggressively consolidate its market, assist the business in achieving the next level of growth and development, and offer liquidity to the family.
How We Helped
Century Park took time to listen to the family and worked hard to find the right solution to best meet their needs. With those goals in mind, Century Park designed a structure that achieved management’s objectives through a spin-off of the Specialty operation division into a newly formed corporation that resulted in significant tax savings to the family. The recapitalization met the family’s key objectives: creating significant liquidity for the family shareholders and allowing the family holding company to continue to maintain a significant equity position in the growing business.
After completing two add-on acquisitions and achieving significant organic growth, SMI was combined with another Century Park portfolio company, ROM Corporation, and sold to a larger industry consolidator.