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American Capital Strategies Ltd. of Bethesda, MD, announced it invested $29 million in the buyout of The Algoma Group of Algoma, WI, a manufacturer and distributor of custom architectural wood doors for the commercial and institutional building markets.


American American, river, 30 mi (48 km) long, rising in N central Calif. in the Sierra Nevada and flowing SW into the Sacramento River at Sacramento. The discovery of gold at Sutter's Mill (see Sutter, John Augustus) along the river in 1848 led to the California gold rush of  Capital Strategies Ltd. of Bethesda Bethesda, city, United States
Bethesda, uninc. city (1990 pop. 62,936), Montgomery co., W central Md., an affluent residential and commercial suburb of Washington, D.C. The area was settled in the late 17th cent.
, MD, announced it invested $29 million in the buyout Buyout

The purchase of a company or a controlling interest of a corporation's shares.

Notes:
A leveraged buyout is accomplished with borrowed money or by issuing more stock.
 of The Algoma Algoma may refer to:
  • Algoma (word)
  • Algoma (electoral district)
  • Algoma Central Railway
  • Algoma District, Ontario
  • Algoma, Mississippi
  • Algoma, Oregon
  • Algoma, Wisconsin
  • Algoma, Winnebago County, Wisconsin
  • Algoma Township, Michigan
 Group of Algoma, WI, a manufacturer and distributor of custom architectural wood doors for the commercial and institutional building markets. Myung Yi, American Capital principal, Special Situations Group, said, "We're excited about Algoma's positive industry outlook, growth opportunities and potential to expand its market share. In addition, we anticipate that through a carefully developed operating plan, Algoma will capture significant cost savings."
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Title Annotation:BUSINESS DIGEST
Publication:Wood & Wood Products
Geographic Code:1USA
Date:May 1, 2006
Words:80
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