Durham, NC – May 29, 2020 Aiglon Capital (“Aiglon”) is pleased to announce that it has acquired J. W. Faircloth & Son, Inc. (“Faircloth”). This transaction marks Aiglon’s seventh investment since its founding in 2014 and second investment in its North Carolina Value Creation fund.
Founded in 2000 and based in Hillsborough, NC, Faircloth is the leading designer, manufacturer, and distributor of surface drains for dewatering sediment basins. The Company is dedicated to providing erosion control solutions for the construction industry. Please visit www.fairclothskimmer.com for more information about its sediment control products.
“We are happy to be working with the team at Faircloth to continue building the business, facilitating environmentally responsible construction, and exceeding customer expectations. We are committed to supporting Faircloth’s development of and entry into new product categories and pursuing select add-ons,” noted Richard Griffin, Managing Partner at Aiglon.
“I am thrilled about the future for Faircloth and my new partners at Aiglon,” said Joe Cooley, Faircloth’s General Manager. “The management team and I look forward to keep growing the Company with our broad range of sediment control skimmers.”
About Aiglon Capital
Aiglon acquires and grows lower middle-market companies with operating cash flow between $5 million and $20 million. Aiglon’s transactions provide liquidity for individual owners, their families, outside investors, and corporate owners. Founded in 2014 and based in Durham, NC, the firm’s current investment portfolio includes Classic Brands, Nester Hosiery, Carpe, and US Medical Innovations. Aiglon recently exited two companies: Consolidated Lumber Company in a sale to American Construction Source (a portfolio company of Angeles Equity Partners) and Carter-Waters in a sale to CSG Construction Supply Group (a portfolio company of The Sterling Group).
The aim of the North Carolina Value Creation fund is to support the economy by developing and creating jobs within North Carolina and reducing the export of capital out of North Carolina. For additional information, please visit www.aigloncapital.com.