🠈  Castle Harlan  🠊

Castle Harlan

Castle Harlan is a private equity firm based in NYC that invests in "middle-market companies."

Corporate History

The following investments were listed on their site. The links will take you to additional information about the companies.

• 1987: John K. Castle and Leonard Harlan, who had worked together at Donaldson Lufkin & Jenrette (DLJ), raised $125 million for leveraged buyouts as Legend Capital Group, L.P. .
• 1989: CH and DJS-Inverness acquired Jerrico Inc. which owned Long John Silver's, Fazoli's and Jerry's Restaurants. They created the holding company Pisces Inc.
  • 1990: Pisces spun off Fazoli's and Jerry's
  • 1998: Long John Silver's finally succumbed to the debt incurred by the leveraged buy-out and declared bankruptcy.
• 1993-1996: CH invested in MAG Aerospace Industries, Inc. creates sanidation systems for aircraft.
• 1993-1996: Smarte Carte Corporation which rents luggage carts are airports.
• 1993-1996: CH invested in INDSPEC Chemical Corporation is a Pittsburgh based company that creates resorcinol which is used in tires and such.
• 1994: Castle Harlan acquired McCormick and Schmicks which had 16 restaurants for $24 million
  • 1997: Apple South Inc. acquired the 20 restaurant chain for $53 million.
  • 1998: Castle Harlan, with help from Bruckman, Rosser, Sherrill & Co., re-acquired the 34 restaurant chain for $123.5 million.
  • 2004: McCormick and Schmicks held an IPO.
• 1997: CH acquired Charlie Brown Steakhouse
  • 2005: Trimarian Capital acquired CB.
• 1997: CH acquired a 60% stake in US Synthentics of Provo, Utah which makes synthetic diamonds for $60 million.
  • 1997: CH sold its stake in US Synthetics to Bain Capital for $165 million.
• 1998: CH invested in Universal Compression, Inc. is a Houston based company offering products for natural gas compression.
• 1998-????: CH invested in Land 'N' Sea Distributing which is a Fort Lauderdale based food supply distributor.
• 1999: Bill Ferris and Joseph Skrzynski of Australian Mezzanine Investments joined Castle Harlan to create Castle Harlan Australian Mezzanine Partners with acronym CHAMP.
• 2002: Castle Harlan acquired Morton's Steak House.
• 2003-????: CH invested in Austar United Communications Limited which is a pay TV provider in Australia.
• 2004: CH acquired Ames True Temper, Inc of Camp Hill, Pa that was established in 1774. They manufacture garden equipment.
• 2004-????: CH invested in Horizon Lines, LLC, out of Charlotte, NC which is a container and shipping logistics company.
• 2004 - now: CH invested in Caribeean Restaurants, LLC which owns Burger King Restaurants in Puerto Rico.
• 2005-????: CH invested in Polypipe which is an Irish company that manufactures plastic pipe and fittings.
• 2006-????: CH invested in RathGibson, Inc. of Janesville, Wi which manufactures stainless steel products.
• 2006: CH and CHAMP acquired Great Western Malting, Canada Malting Company, Barrett Burston Malting and a 60 percent interest in Bairds Malt to create United Malt Holdings ("UMH"). The business were held by Conagra and Tiger Brands.
  • 2009: CHAMP sold United Malt Holdings to Australian based GrainCorp for $757 million.
• 2006: CH and Bruckmann, Rosser, Sherrill & Co. acquired Bravo! Development Inc. which had 19 Brio and 31 Bravo Restaurants.
• 2006-????: CH invested in AmeriCast Technologies, Inc. of Atchinson, Ks which is a foundry founded in 1872.
• 2006-????: CH invested in Baker & Taylor Acquisitions Corp. of Charlotte, NC offers book publishing services.
• 2010-2012: CH invested in IDQ Holdings, Inc. of Garland Tx makes products in the DIY automotive sector.
• 2010-????: Pretium Packaging of Missouri makes rigid plastic containers often used in health care.
• 2011-????: CH invested in Securus Technologies, Inc. of Dallas provides telecommunication services for the corrections industry.
• 2012-now: CH invested in Shelf Drilling of Dubai, UAE which engages in shallow-water off shore drilling.
• 2014 - now: CH invested in Gold Star Foods, Inc, based in Ontario, Ca which is a food distributor for schools.
• 2014 - now: CH invested in Tensar Corporation of Alpharetta, Georgia creates engineered solutions for transportation and construction.
2018 - now: CH invested in Titan Production Equipment of Houston produces oil production equipment.

profile page

References:

1. Wikipedia - Castle Harlan (Drawn 10/10/2018)
2. Sydney Morning News - GrainCorp Acquires UMH (Drawn 10/10/2018)

Prev ~ ~ Index ~ ~ Next