Svoboda, Collins L.L.C. Announces Major
Investment in Cape Electrical Supply
CHICAGO, IL – November 6, 2007 – Svoboda, Collins today announced it has partnered with executive management and PNC Mezzanine Capital to invest in Cape Electrical Supply (“Cape” or the “Company”). This transaction is the fifth investment for Svoboda, Collins Fund II L.P. Madison Capital provided a senior debt facility and PNC Mezzanine Capital also provided subordinated debt to complete the transaction.
Cape Electrical Supply is a leading distributor of electrical and communications products to commercial, industrial, residential, institutional, and utility customers. Incorporated in 1953, Cape has grown significantly during the past 15 years into a regional company with 18 full service locations in four states. Headquartered in Cape Girardeau, MO, Cape operates out of 18 locations in Missouri, Illinois, Kentucky, and Tennessee.
“Cape Electrical Supply has established itself as a leading provider of electrical products throughout Missouri, Illinois, Kentucky, and Tennessee,” said John Svoboda, Senior Managing Director at Svoboda, Collins. “We look forward to maintaining the strong culture that Cape has developed while partnering with their outstanding management team in the Company’s next phase of growth. This investment reflects Svoboda, Collins’ continuing focus on partnering with top-tier management teams to invest in and help build leading companies in our target sectors – value-added distribution, consumer and business services.”
“We are thrilled to be partnering with Svoboda, Collins as we believe they are a great fit with us on both a professional and personal level,” said management team members Allen Toole, Adrian Toole, and Bob Garrett. “We believe Svoboda, Collins’ experience with value-added distribution companies will be valuable in helping Cape capitalize on our strong market position and achieve our growth objectives.”
About Cape Electrical Supply
For more information, please visit www.capeelectric.com.
About Svoboda, Collins L.L.C.
Svoboda, Collins L.L.C. is a Chicago-based private equity firm with over $220 million of committed capital. Founded in 1998, Svoboda, Collins identifies, invests in and helps build excellent businesses in its targeted business niches: value-added distribution, consumer products and business services. For more information, please visit www.svoco.com.
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