Key Principal Partners Acquires Honsador Lumber Corporation and Affiliates; Company is Hawaii's Largest Distributor of Building Materials.CLEVELAND -- Key Principal Partners (KPP KPP Key Performance Parameter KPP K-Profile Parameterization KPP Kepler Packing Problem (mathematics) KPP Kinoform Phase Plate KPP Kodak Premium Processing KPP Knowledge Processing Subsystem ) has acquired Honsador Lumber Corporation (Honsador) and two of its affiliates, Honolulu Wood Treating (HWT HWT Harvey World Travel HWT Hot Water Treatment HWT Herald and Weekly Times Limited (Australia) HWT Half Way There HWT Heartworm Test HWT High-Warning Threshold HWT Hinged Watertight HWT Hypervelocity Wind Tunnel ) and Ariel Truss (Ariel), from Jim Pappas, owner of all three companies. Honsador is the largest wholesale building products distributor in Hawaii, Ariel is the state's largest manufacturer of roof trusses, and HWT is the state's leading wood treatment company. RDV RDV Rendez-Vous RDV Rendezvous (Buick SUV) RDV Rapid Design Visualization RDV Rice Dwarf Virus RDV Recommended Daily Value RDV Repeatable Digital Validation RDV Reference Dose Values RDV Rotary Drum Vacuum Corporation, a limited partner in both KPP and other direct investments of KPP, and Hawaiian Land Development Corporation, which is a major investor in Hawaii led by developer Jeff Stone Jeff Stone is a common name that can refer to different people:
LLC - Logical Link Control (the Company), First Hawaiian Bank provided the senior 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 for the transaction. The transaction provides liquidity for Mr. Pappas who will remain involved in the Company as a member of the Board of Directors and as an advisor. The Company has grown rapidly in the past several years and revenues for 2004 are expected to approach $150 million. This growth is expected to continue as the Company pursues a number of expansion projects and new product offerings to meet the increasing needs and quality requirements of developers. "While we are thrilled to acquire the fantastic company that Jim Pappas has constructed, our challenge now is to continue to grow the breadth and quality of services the Company can provide to professional builders in the Islands," said Greg Davis Greg Davis may refer to:NFL Placekicker
Honsador was established in 1935 as Honolulu Sash & Door and has become the key source of locally supplied building products of both large and small builders in Hawaii. It is the only distributor with operations on Hawaii's four major islands, and operates a facility in Portland, Oregon to source its broad range of products. About Key Principal Partners Key Principal Partners (KPP) is a nationally recognized private investment firm providing capital to middle market companies throughout North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . KPP utilizes mezzanine and equity capital to fund the growth, buyout, refinancing or acquisition of profitable companies. In addition, KPP provides liquidity to shareholders of privately held stock. KPP has approximately $1 billion in capital under management and can invest $5 to $25 million in companies with at least $20 million in revenue. Headquartered in Cleveland, KPP is affiliated with KeyCorp, an $86 billion financial services firm, and has offices in Boston, Greenwich and San Francisco. For additional information, visit: www.keyprincipalpartners.com |
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