Navigation Links
Caxton-Iseman Capital Acquires Conney Safety Products, LLC

Conney To Be Positioned as Growth Platform

NEW YORK, and MADISON, Wis., Oct. 2 /PRNewswire/ -- Caxton-Iseman Capital LLC, a New-York-based private investment firm, announced today that it has acquired Conney Safety Products, LLC, a full service national marketer of personal protective equipment, safety equipment, first aid supplies, and various other safety products, from K+K America Corporation. The transaction has a value of approximately $48 million.

Founded in 1946, Madison, Wisconsin-based Conney is recognized nation-wide as a leading direct marketer of a broad range of safety equipment, providing its familiar catalog to businesses ranging from the smallest stores to the Fortune 500. Conney has built its reputation by providing a wide range of high quality, well-recognized brands, fast delivery, and a high level of customer service characterized by hands-on expertise to assist companies in reaching their safety goals. Conney's catalog is complemented by an internal and field-based sales force.

"Conney has distinguished itself in its product niche by its commitment to quality and to its customers," said Steven M. Lefkowitz, Managing Director at Caxton-Iseman Capital. "We are delighted to make this investment in an excellent platform with a proven track record, and to begin our partnership with Conney employees as we pursue a strategy to bring further growth to a highly-regarded business," said Mr. Lefkowitz.

"The company's strong track record positions it to leverage its excellence by expanding into new markets, offering new products, and reaching out to new customers," added Thomas Ritchie, Vice President at Caxton-Iseman Capital. "The industrial products distribution space remains highly fragmented, and we believe that our support will enable Conney to be an active participant in current and future consolidation through add-on acquisitions."

GMAC Commercial Finance and BlackRock Kelso Capital Corporation provided financing for the transaction.

Robert W. Baird & Co. Incorporated acted as financial advisor to K+K America. Quarles & Brady LLP provided legal counsel to K+K America and Paul, Weiss, Rifkind, Wharton & Garrison LLP provided legal counsel to Caxton-Iseman Capital.

About Caxton-Iseman

Caxton-Iseman Capital LLC is a New York-based private equity firm. In addition to Conney, Caxton-Iseman's portfolio companies include Valley National Gases, LLC, the largest independent distributor of industrial, specialty and medical gases in the U.S.; Ply Gem Industries, Inc., the largest North American manufacturer of residential siding, and fifth largest U.S. window manufacturer; Buffets, Inc., the largest buffet restaurant chain in the U.S.; KIK Custom Products, Inc., the largest and most diverse North American contract manufacturer of branded and retailer-branded consumer products; Electrograph Systems, Inc., a leading national distributor of display technology solutions; American Residential Services, LLC, a leading provider of HVAC and plumbing services; Prodigy Health Group, Inc., a rapidly expanding health care services company; and CoVant, a federal IT services company led by the former executives and board of directors of Anteon Corporation. Caxton- Iseman's portfolio companies have combined revenues of approximately US$6 billion, EBITDA of approximately US$600 million and 75,000 employees. The firm's investment vehicles have available capital in excess of US$2 billion.


Caxton-Iseman Capital LLC

David Lilly

Kekst and Company

(212) 521-4800

SOURCE Caxton-Iseman Capital LLC
Copyright©2007 PR Newswire.
All rights reserved

Related medicine news :

1. Gay capital reeling with rising HIV infection
2. Drugs Manufacturers Capitalizing On The Surge In Demand For Bone Health Care
3. Meningitis is rocking the capital again
4. India Crowned As the Diabetic Capital
5. China Crowned the Diabetic Capital of the World
6. Low Awareness Of Kawasaki Disease In Capital: Parents Form Support Group
7. Zagreb, capital of Croatia, affected by first bird flu case
8. Chikungunya in the Capital
9. Dengue Outbreak in the Capital is not an Epidemic: Government
10. Private Health Clinics in the Capital on Strike
11. Migration is the Cause for Fresh Polio Cases in the Capital: Sheila Dikshit
Post Your Comments:
(Date:11/25/2015)... ... November 25, 2015 , ... The holiday ... dish and pleasing the palates of attendees is of the utmost importance. Whether ... a seasonal get-together, give these recipes a try this holiday season. , Turkey ...
(Date:11/25/2015)... Nairobi (PRWEB) , ... November 26, 2015 , ... ... African Union Commission (AUC), European Union (EU), ANDI Pan African Centres of Excellence, ... Nations Office in Nairobi (UNON) for the opening of the 5th African Network ...
(Date:11/25/2015)... ... 25, 2015 , ... Dental professionals who would like to become more proficient ... attend Dr. Mark Iacobelli’s Advanced Implant Mentoring (AIM) CE course. Courses will be held ... the co-founders of Advanced Implant Mentoring (AIM), Dr. Iacobelli and Dr. D’Orazio are proud ...
(Date:11/25/2015)... ... 2015 , ... Smiles by Stevens is pleased to announce the ... While many patients are aware of the benefits of Botox® in the treatment of ... suffering with discomfort, soreness, and pain as a result of Jaw Tension, TMJ (temporo-mandibular ...
(Date:11/25/2015)... ... November 25, 2015 , ... “While riding the bus, I saw a ... “I thought there had to be a convenient and comfortable way to protect them ... enables disabled individuals to safely travel during cold or inclement weather. In doing so, ...
Breaking Medicine News(10 mins):
(Date:11/26/2015)... -- ) has announced the ... Viscosity Drugs" report to their offering. ... of the "Self Administration of High Viscosity ... Research and Markets ( ) has ... of High Viscosity Drugs" report to their ...
(Date:11/26/2015)... November 26, 2015 ... addition of the  "2016 Future Horizons ... Cell Surface Marker Testing Market: Supplier ... to their offering.  --> ... of the  "2016 Future Horizons and ...
(Date:11/25/2015)... , Nov. 25, 2015  Amgen (NASDAQ: AMGN ... Application (BLA) with the United States ... 501, a biosimilar candidate to Humira ® (adalimumab). ... application submitted to the FDA and represents Amgen,s first ... Sean E. Harper , M.D., executive vice president of ...
Breaking Medicine Technology: