Edgewater Announces Sale of Trausch Industries
Edgewater Growth Capital Partners II, L.P. is pleased to announce the recent sale of our portfolio company Trausch Industries (“Trausch”) to Anthony International (“Anthony”). Trausch is the leader in and creator of re-skinning for the on site refurbishment of refrigerator and freezer cases in retail stores. Anthony is a leader in the U.S. commercial refrigeration industry and the world’s largest manufacturer of commercial refrigerator display systems and doors. Anthony acquired Trausch to leverage the strengths of their complementary products and customer relationships.
Trausch is another example of Edgewater’s investment strategy. This investment opportunity was introduced to us by one of our Limited Partners and was completed at an attractive valuation with a low level of debt. During our ownership period, covering 2007 through 2009, we assigned an experienced executive as the Company’s Chairman and worked closely with the Company to make new customer introductions and operational improvements. By adhering to this discipline and by being conservative in our use of debt, we are able to achieve attractive realizations and make new investments through periods of economic downturn and challenging financial markets.