Wednesday, May 14, 2008
FLEETWOOD SELLS CAMPING TRAILER DIVISION
RV Industry News
By Greg Gerber @ 9:16 PM :: :: 0 Comments :: :: Manufacturing News
Somerset, Penn. – FTCA, Inc., an affiliate of Blackstreet Capital Partners, LLC, a Bethesda, Md..-based private equity fund, has purchased Fleetwood Folding Trailers, Inc. (FFT) from Fleetwood Enterprises, Inc. of California.
"Working with the talented team at FTCA, Inc. as well as the dedicated network of dealers across the country, we see many exciting opportunities to strengthen the company’s position as a world class leader in the folding trailer market,” said Aldus H. Chapin II, president of FTCA, Inc.
“We are thrilled to complete the purchase of Fleetwood Folding Trailers and excited about the future of the company,” said Murry N. Gunty, managing partner of Blackstreet Capital. “FFT has a strong dealer base, great products and leading market share, all of which we plan to build on in the future.”
Founded in 1967, Fleetwood Folding Trailers has earned a reputation for producing high quality, and innovative products. The company’s premier brands include the Highlander Series, Americana Series, Destiny Series, and the Evolution Series known for its unique adventure style and utility.
About Blackstreet Capital
Blackstreet Capital Partners (www.blackstreetcapital.com) is a private equity firm with $88 million of capital under management. Blackstreet focuses on control buyouts of companies that are either underperforming, in out-of-favor industries or are undergoing some form of transition. Blackstreet seeks investments in a range of industries, including manufacturing/distribution, restaurants, specialty retail, business services and health care.
By Greg Gerber @ 9:16 PM :: :: 0 Comments :: :: Manufacturing News
Somerset, Penn. – FTCA, Inc., an affiliate of Blackstreet Capital Partners, LLC, a Bethesda, Md..-based private equity fund, has purchased Fleetwood Folding Trailers, Inc. (FFT) from Fleetwood Enterprises, Inc. of California.
"Working with the talented team at FTCA, Inc. as well as the dedicated network of dealers across the country, we see many exciting opportunities to strengthen the company’s position as a world class leader in the folding trailer market,” said Aldus H. Chapin II, president of FTCA, Inc.
“We are thrilled to complete the purchase of Fleetwood Folding Trailers and excited about the future of the company,” said Murry N. Gunty, managing partner of Blackstreet Capital. “FFT has a strong dealer base, great products and leading market share, all of which we plan to build on in the future.”
Founded in 1967, Fleetwood Folding Trailers has earned a reputation for producing high quality, and innovative products. The company’s premier brands include the Highlander Series, Americana Series, Destiny Series, and the Evolution Series known for its unique adventure style and utility.
About Blackstreet Capital
Blackstreet Capital Partners (www.blackstreetcapital.com) is a private equity firm with $88 million of capital under management. Blackstreet focuses on control buyouts of companies that are either underperforming, in out-of-favor industries or are undergoing some form of transition. Blackstreet seeks investments in a range of industries, including manufacturing/distribution, restaurants, specialty retail, business services and health care.
