Durham, NC – June 30, 2017 Aiglon Capital, a middle-market, Durham-based independent private equity firm, is pleased to announce the successful sale of Carter-Waters, LLC. This exit highlights Aiglon’s investment strategy of partnering with management teams and institutionally-sponsored limited partnerships to build market-leading manufacturing and distribution companies.
Aiglon Capital sold Carter-Waters to Construction Supply Group, part of The Sterling Group’s portfolio of companies. Carter-Waters is a leading Midwest distributor of quality construction materials and tools for commercial, highway, municipal, residential and multi-family builders with 19 locations throughout Kansas, Missouri, Illinois, Ohio, Indiana, and Kentucky. Carter-Waters also maintains an extensive rental inventory of concrete forming and shoring products, operates a custom rebar fabrication facility, manufactures special asphalt product, and provides estimating and detailing services for highway bid lettings. Carter-Waters was founded in 1922 by Kemper Carter and Bert Waters. Aiglon Capital, along with Merit Capital Partners and management, acquired the company in May 2014 from Pritzker Group Private Capital.
Aiglon Capital Management is a private investment firm that acquires, manages, and grows lower middle-market manufacturing, distribution, and services companies with annual EBITDA between $2 million and $20 million. Aiglon Capital seeks to invest in companies that have attractive positions in their markets, where capital is necessary to enhance future growth of the business or current owners seek liquidity.
We are long-term investors who believe that business success is based on integrity, focus, and experience. We care about the customers, the employees, and the communities of the firms we acquire, and we work hard to protect their interests throughout the acquisition process and while under our leadership. We believe these qualities make Aiglon Capital an attractive partner to increase the value of a business. www.aigloncapital.com