TGP Investments Announces the Acquisition of Air Power Systems Co., LLC
August 2017 – Kansas City, MO – TGP Investments II, LLC, the manager of private equity investment fund TGP Capital Partners II, LLC, is pleased to announce that the fund has acquired Air Power Systems Co., LLC (“Apsco”). Apsco based in Tulsa, Oklahoma, designs, manufactures and sells pneumatic and hydraulic valves, cylinders, actuators and control systems for the heavy duty truck equipment markets. Apsco products are used in a variety of end markets, including construction, oil & gas, waste and recycling, fluid power, utility and snow and ice removal. www.apscopower.com
TGP believes Apsco represents a compelling growth opportunity for the fund. Shane Parr, TGP Managing Director stated, “Apsco has done a tremendous job growing market share in their current end markets by delivering quality engineered products, with a high degree of customer service at competitive prices. They appear to be poised to continue to grow through new product line extensions and by entering new end markets. We are pleased to partner with Vince to continue to execute Apsco’s strategic plan. Apsco will continue to explore internal growth opportunities as well as potential future acquisitions”.
TGP is pleased to partner on this acquisition with the current CEO of Apsco, Vince Williams. Vince has been with the company since 2007. Vince grew up in the United Kingdom, graduated with an engineering degree from Anglia Polytechnic University and later received his MBA from Oklahoma State University. During his tenure at APSCO, Vince started in a business development capacity, was then promoted to V.P. of Sales from 2011-2013, when he was named President of the company . Vince Williams stated, “We are excited to partner with TGP. We were impressed with their successful track record of helping manufacturing companies achieve their growth objectives and their willingness to provide capital and devote resources to help execute our strategic plan.”
About TGP Capital Partners
Kansas City-based TGP Capital Partners, LLC and TGP Capital Partners II, LLC are private equity investment funds formed to make investments in well-managed, profitable and growing middle-market companies. TGP is a sponsor of quality managers and management teams with a goal of supporting and facilitating management’s growth initiatives and, as a result, maximizing returns for all shareholders. The fund seeks to make both control and minority equity investments in partnership with proven management talent in manufacturing, distribution, and business services companies.
For More Information
Shane C. Parr
TGP Investments, LLC
4900 Main St. Ste. 900
Kansas City, MO 64112
816-994-8603
parr@tgpinvestments.com
Summary Investment Criteria
- Size: Revenues between $15 million and $100 million EBITDA in excess of $2 million
- Stage: Established companies with a history of profitability
- Industry: Manufacturing, distribution, and business services sectors
- Not Considered: Financial institutions, real estate, retail, start-ups
- Geography: No restriction – focus on greater Midwestern U.S.
- Control: Majority control or minority investment structures
Current Portfolio Companies
For More Information
| Eric V. Graham
Managing Director |
Shane C. Parr
Managing Director |
TGP Investments, LLC
4900 Main St. Ste . 900
Kansas City, MO 64112
Ph. 816-994-8600 (Main)
https://www.tgpinvestments.com