An Affiliate of Bay to Bay Capital Partners, LLC, Acquires the Assets of L&S Supplies, Inc.CLEARWATER, Fla. -- Bay to Bay Capital Partners, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control ("Bay to Bay"), a private investment firm specializing in leveraged buyouts leveraged buyout, the takeover of a company, financed by borrowed funds. Often, the target company's assets are used as security for the loans acquired to finance the purchase. of market-leading companies, today announced that on January 18, 2007, one of its affiliates acquired substantially all of the assets of L&S Supplies, Inc. ("L&S") from John E. Schroder and Michael Mahoney. The new company will do business as L&S Supplies, LLC. L&S, based in Hudson, FL, is a leading regional supplier of pre-hung doors and millwork products including trim boards, mouldings, stair stair n. 1. A series or flight of steps; a staircase. Often used in the plural. 2. One of a flight of steps. [Middle English, from Old English parts, locks and a variety of other related products. These products, produced in the company's Hudson facilities, are sold primarily to national, regional and local residential home builders as well as to multi-family and light-commercial builders in Hillsborough, Pasco, Hernando, Pinellas and Citrus counties. L&S has been in business for over 13 years. L&S was represented by Raymond James Please help [ rewrite this article] from a neutral point of view. Mark blatant advertising for , using . & Associates, Inc. Debt financing Debt Financing When a firm raises money for working capital or capital expenditures by selling bonds, bills, or notes to individual and/or institutional investors. In return for lending the money, the individuals or institutions become creditors and receive a promise to repay was provided by 5/3 Bank. On March 20, 2006, Gator Door Acquisition, LLC, an affiliate of Bay to Bay acquired Gator Door and Supply Company, Inc. ("Gator Door"). Founded in 1976, Gator Door, with facilities in Brooksville, FL and Gainesville, FL, is also a leading regional supplier of pre-hung doors and millwork products. While L&S and Gator Door will maintain their separate corporate existences both will be owned by Gator Door Acquisition, LLC. John Schroder and Mike Mahoney Mike Mahoney (born December 5, 1972 in Des Moines, Iowa), is a Major League baseball catcher, formerly with the St. Louis Cardinals. He made his Major League debut on September 8, 2000 with the Chicago Cubs, and after two seasons in Chicago, he was released and eventually signed , who together founded L&S in 1993, will remain in charge of the day to day operations at L&S. "The staff of L&S is excited to partner with Gator Door and the investors in Gator Door Acquisition," said Schroder. "Our commitment will remain the same; to give our customers quality products and excellent service." Mahoney added, "We entertained en·ter·tain v. en·ter·tained, en·ter·tain·ing, en·ter·tains v.tr. 1. To hold the attention of with something amusing or diverting. See Synonyms at amuse. 2. offers from a variety of potential buyers, but in the end, we wanted to partner with a company that shared in our commitment to quality and to our employees. We've always had a lot of respect for Gator Door and feel the combined company will do a terrific job for its customers." "The investors in Gator Door Acquisition are very excited about our partnership with L&S," said Eric Pogue, President of Gator Door, and Founder of Bay to Bay Capital Partners. "The combined company is one of the largest door and trim companies in Florida. We believe the synergies achieved through this acquisition will make us a better overall company and are excited about the long term prospects of the Florida market." About Bay to Bay Capital Partners, LLC: Headquartered in Clearwater, Florida Clearwater is a city located in central Pinellas County, Florida, USA, nearly due west of Tampa. As of the 2000 census, the city had a total population of 108,787; however, according to the 2005 U.S. Census Bureau's estimates, the city's population fell slightly to 108,687. , Bay to Bay Capital Partners is a private investment firm focused on acquiring market-leading companies in the small and middle markets in the southeast, with a particular emphasis in Florida. |
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