Svoboda, Collins L.L.C. Announces Investment in Optronics Products Holdings, Inc.
Chicago, IL – February 10, 2006 – Svoboda, Collins is pleased to announce it has partnered with management to invest in Optronics Products Holdings, Inc. (“Optronics” or the “Company”). This transaction is the first investment for Svoboda, Collins Fund II L.P. Madison Capital Funding L.L.C. provided senior debt and an equity co-invest to complete the transaction. Specific terms of the transaction were undisclosed.
Based in Muskogee, Oklahoma, Optronics is a leading provider of niche recreational/outdoor, industrial, and vehicular lighting products and accessories to the retail and OEM markets. The Company is a value-added partner to numerous blue-chip retail and OEM customers, evidenced by its strong value proposition and fueled by its multiple product lines and product innovation.
“Svoboda, Collins’ knowledge of consumer products, specialty retail and value-added distribution makes them an ideal partner for Optronics,” said CEO Greg Bland. “We believe Svoboda, Collins’ experience will be valuable in helping Optronics capitalize on our industry leadership position and achieve our growth objectives.”
“Optronics management has established the Company as a leader within each of its respective product categories, which we hope to augment through add-on acquisitions,” said Alex Miller, Managing Director at Svoboda, Collins. “The Optronics investment is illustrative of Svoboda, Collins’ focus on investing in platform businesses that consistently provide value-added products and services to their customers. Optronics has a strong management team, led by Greg Bland and Louie Crider, and we are excited to be partnering with them in the Company’s next phase of growth.”
About Optronics Products Holdings, Inc.
Optronics, headquartered in Muskogee, Oklahoma, is a leading designer and marketer of a diverse portfolio of niche, specialty lighting and outdoor products. The Company offers innovative products in two primary categories: (i) recreational outdoor products, such as spotlights, headlamps, fish and gun lights, marine lights, compasses, optic products and boot dryers and (ii) vehicular lights, driving lights and vehicular accessories. The Company markets its product portfolio across multiple distribution channels, including mass merchandisers, automotive retailers, outdoor and sporting goods retailers and original equipment manufacturers of recreational vehicles, trailers and boats. For more information, please visit www.optronicsinc.com.
About Svoboda, Collins L.L.C.
Svoboda, Collins L.L.C. is a Chicago-based private equity firm with over $200 million of committed capital. Founded in 1998, Svoboda, Collins identifies, invests in and helps build excellent businesses in its targeted business niches: consumer products, value-added distribution, and business services. For more information, please visit www.svoco.com.
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