Bunker Hill Capital Sells Specialty Coating Systems.BOSTON -- Bunker Hill Bunker Hill “Don’t shoot until you see the whites of their eyes”; American Revolutionary battle (1775). [Am. Hist.: Worth, 22] See : Battle Capital, L.P. ("Bunker Hill") today announced the sale of its portfolio company, Specialty Coating Systems, Inc. ("SCS" or the "Company"), to a strategic buyer. Bunker Hill acquired SCS, formerly a business unit of Cookson Group Cookson Group plc is a leading materials technology company headquartered in London, England, which provides materials, processes and services to customers worldwide. The Group's operations are formed into three divisions – Electronics, Ceramics and Precious Metals. plc, in December 2005, and the sale represents over a six times return on invested capital and in excess of a 100% IRR IRR In currencies, this is the abbreviation for the Iranian Rial. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. to Bunker Hill. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Mark DeBlois, a Managing Partner of Bunker Hill, "We are very pleased with the sale of SCS and are confident that SCS will continue its impressive growth rate. This sale represents an exceptional return for our limited partners in less than three years, and we are grateful to Terry Bush and the SCS management team for their hard work and dedication. We are also grateful to Stifel, Nicolaus & Company for running a well-managed process in helping select the best buyer for the business." Terry Bush, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of SCS, added, "Bunker Hill provided the type of strategic leadership that has been critical to our success since being divested by Cookson. Bunker Hill's proactive approach and financial commitment to growing our business model has been a key success factor." Headquartered in Indianapolis, IN, SCS has 379 employees in nine facilities around the world. The Company has four locations in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. : Indianapolis, IN; Clear Lake, WI; Ontario, CA; and Amherst, NH. In Europe, SCS has locations in Woking, United Kingdom and Dublin, Ireland. In Asia, the Company has two locations: Tokyo, Japan; and Singapore. In addition, SCS has a facility in Costa Rica Costa Rica (kŏs`tə rē`kə), officially Republic of Costa Rica, republic (2005 est. pop. 4,016,000), 19,575 sq mi (50,700 sq km), Central America. . Bunker Hill Capital, L.P. is a private equity firm that makes control investments in lower middle market companies with enterprise values up to $150 million. The firm has offices in Boston, MA and San Diego, CA. The principals of Bunker Hill Capital have invested over $400 million in 28 transactions and target opportunities across four industry sectors: industrial products, business services, consumer products, and specialty retail. For more information on Bunker Hill Capital, please go to www.bunkerhillcapital.com. |
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