Portfolio

www.ahi-supply.com

AHI Supply manufactures and distributes quality construction products to a wide variety of customers including distributors, builders, specialty contractors, and masons in the Texas Region. The Company is headquartered in Alvin, TX (Houston) with additional locations in Buda, TX (Austin), and Roanoke, TX (Dallas).

AHI is a family-owned company whose owners chose High Street Capital as a partner because of its long history of collaboration and business growth. The company fits well within the High Street Capital playbook given its multi-decade history of success, and position within a strong market as a niche manufacturer and value-added supplier of critical products with best-in-class service and product offerings. High Street Capital plans to collaborate with management in the execution of a growth plan that will leverage AHI’s history, team, and position within its attractive industry.

www.adamsmagnetic.com

Adams Magnetic Products fabricates and distributes magnetic products and assemblies to a wide variety of North American industrial and commercial end markets.

Acquired in October 2023, Adams represents a strong fit for High Street’s investment preferences, selling a mission-critical but small-dollar-value product and offering significant value-added services, including technical expertise, quality inspections, and best-in-class fulfillment services.  Adams’s shareholders chose High Street due to our partnership approach and proven history of actively supporting management teams through growth inflection points and operational enhancements.  High Street plans to collaborate with new senior management to execute a growth plan that capitalizes on Adams’s strong positioning in the competitive landscape.

www.sodesignco.com

Southern Design provides landscaping and concrete foundation and finishing services to large, sophisticated home builders in the greater Atlanta MSA.

Southern Design is a metro Atlanta-based, founder-owned company whose owners wanted to bring on a strategic partner to take advantage of significant remaining organic growth opportunities in the Company’s existing geography. The founders believed High Street Capital would support the future growth of the business and the management team while they continued to run the business.

Since High Street’s investment, KPIs have been established with a standard cadence of business review with management. Additionally, High Street has optimized the current workforce by hiring a permanent CFO, hiring additional field superintendents, and expanding the number of subcontractor crews. To further expand operational efficiencies and growth potential, High Street transitioned customers’ billing away from the founders to open their time to other priorities and developed a digital marketing plan to better communicate Southern Design’s value proposition to the marketplace. Finally, Southern Design has strategically reviewed prices to offset the rising construction material costs.

www.bcdvideo.com

BCD is a provider of mission-critical and purpose-built video surveillance data storage appliances to security integrators, OEMs, and distributors around the world.

With a founder deeply ingrained in the business, BCD was looking to bring on a minority partner who would collaborate with the existing management team to execute on BCD’s plan for continued growth and exit alongside the founder in an eventual change of control transaction.

Upon initial investment by High Street, the strategy was to expand the depth in the management team, execute on an international expansion, add additional business lines, and optimize internal processes. Over the investment timeframe, High Street has established regional P&ls, operational KPIs, and initiated standard business reviews with management.  Additionally, we worked with leadership to restructure the sales incentive structure, relaunched the BCD brand and digital footprint, and significantly restructured the marketing function.

www.superiorfibers.com

Superior Fibers was in search of an external partner who could not only provide the capital to acquire a large competitor, but could also provide mentorship to the new management team allowing them to successfully grow into one united company.

Since their investment in 2006, High Street has assisted Superior in relocating their main plant to Mexico, adding several new customers (particularly international), expanding team capacity, replacing the company CEO, and building pipeline opportunities for future growth. After additional expansion and revamping from some effects of COVID-19, the company is expected to be well-positioned to maximize exit value.

www.neosystemscorp.com

NeoSystems provides outsourced managed services including accounting, IT, cybersecurity, cloud hosting, human capital, and systems integration to the government contractor market.

NeoSystems is a well-recognized founder-owned business that was looking for partners to help usher it into the next stage of growth.

High Street Capital worked with the management team to capitalize on the well-entrenched customer relationships and reputation it possessed to further develop a sales strategy, improve operating efficiencies, and position the business for future growth targeting high growth and recurring services, such as cybersecurity, managed accounting, and managed IT, through both organic and inorganic means.

www.tramec.com

Tramec manufactures and distributes engineered components primarily to the heavy-duty tractor and trailer OEM and after market sales channels in the U.S.

Tramec’s management team utilized their trusted relationships to find an established institutional counterpart who could quickly execute a management buyout of the company and provide financial and operating resources to support the company’s growth and strategic initiatives.

Since completing the transaction in September 2021, High Street devoted resources to enable Tramec’s acquisition of Penz Products, which united the two major domestic players in heavy-duty trailer vent doors, as well as the company’s divestiture of Hill Fastener to Valley Fastener Group, which helped the company refine its strategic focus.

www.knightmaterials.com

KMT designs, manufactures, installs and services custom acid-resistant linings and tower packing media used in corrosive processes for the chemical, environmental, and mining industries worldwide.

With a corporate parent that was changing strategic directions, the management of then-Koch Knight was looking for a new counterparty that could help the business become a standalone company. Given management’s desire to stay-on post-acquisition, they were excited by High Street’s focus to grow the business and invest in overlooked capital projects.

High Street’s recapitalization of the business included credit facilities to support two significant capital initiatives that kicked off promptly after closing and are expected to materially increase capacity and throughput for high-value product. High Street has also assisted in building a standalone infrastructure, including a deeper finance team and new IT assets. High Street also devoted resources to support Knight’s acquisition of Electro-Chemical and Superior Dual Laminates, adding complementary product and service offerings to sell a more complete anti-corrosion lining solution and diversify the company’s end market exposures.

www.commodityblenders.com

Commodity Blenders is an independent feed mill producing and delivering custom dairy, poultry and swine feeds directly to farm operations.

Commodity Blenders was an independent, family-owned company founded in 1997. The original owner wanted to bring on a true partner who he believed his customers would entrust to lead the company in its next phase of growth.

High Street’s main goal is to grow the business organically by continuing to gain market share in Ohio and potentially by acquiring additional mills in adjacent geographies. Since the acquisition, High Street has closed on an opportunistic add-on in Jonesville, MI, giving Commodity Blenders better delivery access to growing dairy herds in Western OH, Eastern IN, and Michigan. Additionally, High Street led the funding to construct a third feed mill in Warren, IN to further expand capacity and will continue to support the growth of the business.

www.orbpacking.com

ORB is a beef processing facility exclusively serving Certified Organic, grass-fed, antibiotic-free and other niche markets.

Two longtime food industry executives sought capital and operational resources to support their acquisition and growth of a recently revived slaughterhouse specializing in grass-fed certified organic beef. High Street Capital offered significant hands-on operating resources to assist in sales and earnings growth, as well as speed and certainty of close through High Street’s established integrity and committed funds.

High Street has assisted ORB management in maximizing the value of the carcass, in part from selling more primal cuts and finding new customers for organic bone byproducts, as well as materially reducing supply costs. High Street also devoted resources to support vertical integration through the acquisition of ORB’s largest customer and leasing nearby ranch land to finish cattle for harvesting in ORB’s slaughterhouse. High Street also supported the acquisition of a Northeast-based slaughterhouse, which grew capacity and widened the company’s access to new farming markets.

www.pinnaclenc.com

Pinnacle provides concrete foundation, flatwork, and finishing services to single and multi-family residential homebuilders across North and South Carolina. Pinnacle is headquartered in Kernersville, NC with additional locations in Raleigh, Charlotte, and Wilmington.

Pinnacle was previously wholly owned by its founder, who wanted to bring on board an experienced institutional partner who could provide capital and operational support to add additional service lines and accelerate the company’s expansion in existing and new geographies.

High Street has worked closely with the management team to improve financial and operational reporting capabilities, implement process and technology-related best practices from other High Street portfolio companies, develop a roadmap for a service line expansion into landscaping, and position the company to execute on a strategy of continued expansion into contiguous geographic markets. Additionally, High Street has supported several new hires in estimating, sales, project management, and accounting roles to best position the company to take advantage of significant existing and future growth opportunities.

www.koontzwagnerservices.com

The 72-year-old owner of Koontz-Wagner, a family business comprised of five distinct business units, desired to exit the business and retire after leading it for over 40 years. With no heir to step into the CEO role, he sought a partner to facilitate his exit and estate planning needs.

High Street worked with the new CEO, who was selected from within the company, to grow the business with an emphasis on two niche manufacturing business units. The management team, with High Street’s support, led the business through the recession of 2009, investing in key engineering and sales employees, and the company emerged from the recession prepared for fast growth.

One business unit, South Bend Controls, was able to grow with key aerospace companies, including Boeing, Airbus, and Rolls-Royce, and was sold to a publicly-held aerospace systems supplier. Another business unit, Koontz-Wagner Custom Controls, has become a major provider of packaged control houses supporting gas turbine power generating operations and oil and gas pipelines and was sold to a publicly-held supplier of systems and equipment to the global energy infrastructure industry.

www.suburbandrywall.com

Suburban is the premier provider of metal framing, drywall, and painting services for commercial, multi-family and residential construction customers in Wisconsin.

Suburban was a long-time, family-held business that was in search of new ownership after an unexpected death in the family.

High Street Capital has worked with the management team to create a leadership structure and succession plan and develop a growth strategy balanced by conservative debt financing of the business. In May of 2022, Suburban, with High Street’s support, made the acquisition of Applewood Drywall, another premier Wisconsin construction services provider and the business provides unparalleled services to general contractors in the Southern Wisconsin Region.

www.crfservices.com

CRFS provides post-default mortgage insurance claims services, loss analysis and timeline oversight for investors and servicers of FHA, VA and other mortgages.

As a leading provider of mortgage default claim solutions, CRFS reached a point in its lifecycle where it wanted to bring on a strategic partner to assist with its next stage of growth. High Street Capital was chosen as CRFS’s partner given its strong operational model.

This counter-cyclical investment required a number of transformative strategies developed in conjunction with the Leadership Team. Key initiatives included: CEO succession planning, rebuilding the accounting function, and productivity improvements including establishing and monitoring key KPIs, a new performance-based compensation model, enhanced training, and implementation of a technology-based claims platform.

www.can-dotape.com

Can-Do is a leading value-added customizer, converter and distributor of adhesive tapes, foams, films and foils to industrial, textile, automotive, distribution, and other end markets.

Can-Do National Tape is a “one-stop shop” converter and distributor of pressure-sensitive adhesive tapes and similar products to various end markets. Management was looking for an ideal partner to capitalize on the industry’s trends toward converting services and distribution capabilities.

In 2014, High Street Capital invested in Can-Do with a plan to improve Can-Do’s sales force, centralize purchasing, hire on new management, and establish new customers and capabilities. Since its initial investment, High Street Capital has found new opportunities for growth by focusing on organically expanding the value-added converting side of the business and implementing new ERP software. High Street brought on a new interim CEO and provided follow-on capital to support the investment during ac period of supply chain shortages and COVID-19 impact in 2020. Given the predicted rebound in the automotive OEM sector, Can-Do will be positioned well going forward.

DataSource is a Kansas City, MO-based provider of print management and on-demand printing services primarily to multi-location businesses in the restaurant, automobile dealership, and commercial industries. The management team was seeking an external party to help DataSource achieve its growth trajectory and provide access to additional resources and capital required to exploit several market opportunities.

During their time under the ownership of High Street Capital, DataSource built a seasoned management team, expanded into three new industry verticals, completed several acquisitions and two strategic partnerships, added a plethora of new clients, and grew revenues along the way.

In July 2012, DataSource was bought by another private equity firm.

https://www.element.com/

Avomeen’s founder desired an external partner to help him continue in the next phase of growth and plan for succession. The founder’s ideal buyer would assist him in identifying the next CEO so he could focus on identifying and integrating new acquisitions.

High Street successfully worked with the Founder to hire a CEO and then went on to develop and execute a growth strategy consisting of several key elements including a) developing and implementing a new go-to-market strategy supported by a robust digital marketing push which built the highest pipeline in company history b) improving throughput in the labs while hiring and retaining scientists to ensure high-quality delivery c) implementing a best-in-class quality process and d) significantly growing repeat business from key clients. The collaboration between the two teams allowed Avomeen to successfully navigate the COVID-19 pandemic while completing some of the largest projects in company history which required significant amounts of temporary labor, development, and testing of new methods, and third-party consultants.

Avomeen was purchased by one of the world’s leading global providers of testing, inspection and certification services for various industries in order to strengthen the company’s life sciences business unit in North America.

https://banner-medical.com/

High Street Capital was a compelling partner to assist an experienced management team to propel them into their next phase of growth while allowing management and prior financial investors the ability to capture their desired liquidity.

During their seven years with High Street Capital, Banner expanded services and reach in the medical market, opened a greenfield facility in Warsaw, IN, implemented a new ERP system, and effected a strategy to penetrate the line shaft business. The various expansion plans along with the anticipated increase in profitability from new medical programs contributed to a phenomenal exit for Banner and the High Street team.

High Street Capital sold Banner Service Corporation to a middle market-focused private equity firm in 2019.

www.diversitech.com

The existing DiversiTech ownership was looking to recapitalize their company, allowing passive shareholders to be paid out and providing certain management members partial liquidity. The team believed High Street represented the best partner to assist with this transaction and guide DiversiTech through its next phase of growth.

Throughout the course of High Street and DiversiTech’s partnership, they were able to accomplish many value-added initiatives. Together they implemented an enterprise-wide ERP system capable of handling future growth, invested in a manufacturing plant enabling significant cost savings through the new ability to utilize recycled materials, completed two acquisitions of a competitor in the pad manufacturer space as well as one acquisition within the terminal space, restructured the sales organizations, and improved efficiencies for offshore subsidiaries.

High Street Capital sold its ownership to management in 2011.

Massey was a company comprised of two business units called “Massey Fair” and “MacSource.” The 63-year-old majority owner of was experiencing family illness and was looking to put his estate in order. The Company President, age 42, was willing to reinvest his equity and stay to continue operations and wanted a good fit with a new partner.

Under the leadership of High Street Capital, Massey Fair added a new distribution division leader and additional sales resources in the Dallas market, acquired Mulligan Sales, Inc., a Southern California region distributor of food ingredients, shifted the revenue mix from brokerage to distribution leading to higher earnings, and ultimately prepared the company for a successful exit to a strategic buyer.

In 2011, High Street Capital sold Massey to Batory Foods, Inc.

www.benesys.com

BeneSys was a Michigan-headquartered benefits payments processing services company. The management team was looking to bring onboard an experienced team that was able to take BeneSys from an entrepreneur-run business to a true enterprise.

Through the years under High Street Capital’s ownership, BeneSys instituted price escalators, improved marketing plans, grew the company’s client list by over 150%, and successfully brought a new software platform to market. This contributed to substantial growth and culminated in an exit in 2014.

High Street Capital eventually sold its ownership in Benesys to another private equity firm.

Bock and Clark’s management team was looking for a counterparty that would help shape their future to become a true, full-service real estate service due diligence firm and believed High Street provided them with the tools to do so.

While High Street Capital was invested in Bock & Clark, they were able to partner with management to establish a national sales force, expand into the zoning business, and capture a larger percentage of total transactions during the Great Recession. While experiencing significant challenges during the turndown, company management was grateful to find a strong partner that was able to guide them through a tumultuous period while planting seeds for future growth.

High Street Capital eventually sold its ownership in Bock & Clark to an Ohio-based private investment firm.

https://aalberts-ht.us/

Applied Process is a group of companies in the heat treating industry focused on austempering, an isothermal heat treatment that creates superior properties in metal parts. Management was initially hoping to sell to an industry participant and envisioned staying away from a private equity firm, but we were able to prove our true partnership nature in order to win them over.

Between 2014 and 2019, High Street Capital executed its plan to expand geographic reach, broaden its customer base and add capacity, leverage the sales force to the shorten sales cycles and maintain technological advantage through R&D and investment projects. As such, Applied Process achieved record performance for both revenue and EBITDA, leading to the profitable sale of AP to a strategic buyer.

In 2019, Aalberts N.V. acquired Applied Process, retaining its brand and management team as an entity within Aalberts Material Technology group.

www.tlccompanies.com

TLC’s prior owner faced structural issues after holding their investment for over ten years. After deciding to offload its investment, High Street was chosen as the ideal provider to assist TLC in perfecting its go-to-market strategy and optimizing its current infrastructure.

With the collaboration of management, High Street reduced the current cost structure, implemented a new pricing strategy, and expanded sales capacity/growth opportunities. High street added subject matter experts to the Board of Directors to help guide the company toward future growth. Over the investment period, TLC successfully onboarded several hundred new work site employees, expanded into several new service lines, reduced costs by transitioning its worker compensation program, and implemented strategic rate increases.

High Street Capital ultimately sold TLC to another Chicago-based private equity firm.

With a public structure that was not conducive to the long-term growth potential of the Company, High Street Capital partnered with Docuforce management to take On-Site Sourcing private.

The new Docuforce provided outsourced document management and litigation support services to primarily the legal industry. These services included facilities management (managing mail room and in-house copy services) and the full range of litigation support services – overflow reprographic and scanning services, electronic file processing (preparing electronic documents for legal analysis), and electronic data discovery (extracting data from hard drives).

High Street Capital sold its ownership of Docuforce in December 2005.

Countryside’s mission was to bring professional, hospital-level hospice and palliative in-home care to rural and suburban communities of Alabama and Georgia.

High Street worked with the CEO and her team to grow the business by establishing newly licensed offices in strategically selected areas, upgrading the marketing strategy to make communities and other referral sources aware of Countryside’s high quality, compassionate care, and building the team to support the high growth the company enjoyed. With its emphasis on quality, regulatory compliance, and community service,

Countryside was very successful in gaining operating licenses and its service area grew to over 110 counties from 30 counties during High Street’s ownership.
Countryside was eventually purchased by a publicly-held healthcare provider.

www.shoremaster.com

ShoreMaster Inc. is a Minnesota-based manufacturer of residential waterfront equipment. Company management wanted to move forward with a partner that would amplify ShoreMaster’s success in a competitive landscape.

With High Street Capital’s partnership, ShoreMaster achieved substantial growth over the years through volume and dealer/distributor additions, discrete brand refinement, and more effective pricing. Over the investment horizon, ShoreMaster experienced earnings growth from a combination of price increases, lower discounting to dealers, and favorable raw materials purchasing.

ShoreMaster was eventually purchased by another private equity partner in 2017.