![]() ![]() ![]() The investment by Century Park was made from its latest fund, Century Park Capital Partners II, L.P. ![]() Carlyle Mezzanine Partners provided the mezzanine financing. Though terms of the transaction were not disclosed, it was announced that the senior debt financing was provided by Merrill Lynch Capital, GE Antares Capital and Madison Capital Funding. We look forward to supporting Specialty as it looks to expand further both organically and through acquisition.” This company has all of the fundamental characteristics that we look for in a business: a history of strong growth, outstanding management, a leadership position in the markets it serves, and a reputation for quality. By coupling our success in the market with Century Park’s proven experience helping businesses of our size grow and the strength that comes from being supported by a deep-pocketed equity sponsor, we become exceptionally well positioned to capture the tremendous opportunities that exist in our marketplace” said Gray Ellison, President of Specialty.Ĭommenting on the investment, Paul Wolf, one of the Managing Partners of Century Park, stated, “We are very excited about our new relationship with Gray and the management team at Specialty. We have built a very successful business over the years, but as our industry consolidates and our customers demand broader products and services, our capabilities need to increase accordingly. “This partnership with Century Park is the next step in our company’s evolution. Ellison’s Chairman, John Ellison, and its President, Gray Ellison, will continue on as both shareholders and managers of the business.Ĭentury Park and Ellison envision that this transition will be transparent to its customer base, although both agree that the substantial financial resources that this partnership creates will be a strong asset to the Company’s customers. and will continue to operate as it has done so successfully over its long history. The new company has been incorporated as 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. Century Park Capital Partners, a private equity firm based in Los Angeles, announced today that it has partnered with the shareholders of The Ellison Company, Inc., in the spin-off of Ellison’s Specialty Manufacturing Co. ![]()
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