The Aladdin Group
Aladdin Bail Bonds is the largest retail pre-trial release service provider in America and is headquartered in Carlsbad, California. Aladdin currently operates over 50 retail offices throughout California, Idaho and Washington, employing approximately 600 people. Aladdin fulfills a constitutional right for its customers by providing expeditious pre-trial release while ensuring an exceedingly high rate of court appearances.
The owners of Aladdin were interested in a partner that could help accelerate the timing of key strategic objectives, including vertical integration with a surety to provide bail bonds and expanding the brand across the U.S. The Endeavour partnership contributed partial liquidity and assisted in bringing Seaview Surety under common ownership, establishing an organizational structure that will allow for future growth.
After a successful partnership with Citadel Communications in the 1990s (later renamed Citadel Broadcasting ), Endeavour Capital and Larry Wilson have teamed up again to establish Alpha Broadcasting in Portland, Oregon. Through its six radio broadcasting stations and a syndication network, Alpha Broadcasting (Alpha) serves a broad range of listeners and advertisers in the Northwest region. Alpha was formed in 2009 by Larry Wilson, former CEO of Citadel Broadcasting and Endeavour Capital, former investor in Citadel Broadcasting, to provide high-quality and locally-relevant programming to select markets throughout the western US. Alpha’s broadcast stations include KINK-FM, KBFF-FM, KUPL-FM, KXTG-AM, KXL-FM and KUFO-AM.
Alpha made its first acquisition in August 2009 when it acquired Portland, Oregon-based Rose City Radio from Paul Allen’s investment firm, Vulcan Inc. With the Rose City Radio acquisition, Alpha gained two Portland radio stations, KXTG-FM and KXL-AM, along with the Radio Northwest Network, a statewide syndication network. In September 2009, Alpha completed its second major acquisition by acquiring CBS Radio&rsquos;s Portland operations including the four stations KINK-FM, KUFO-FM, KUPL-FM and KCMD-AM. Since Alpha’s formation, Larry has recruited a number of former Citadel managers with the goal of strengthening and growing the Portland cluster and creating a platform for growth into other mid-sized markets in the West.
|Arizona Nutritional Supplements
Arizona Nutritional Supplements ("ANS") is a contract and private label manufacturer of vitamins, minerals and supplements. The Company's customer base includes multi-level marketers, specialty retailers, physicians groups and brand marketers selling through retail and online. ANS has emphasized quality and safety since its founding in 1996.
Endeavour partnered with the two founders of ANS and an industry veteran in 2012 in order to provide the founders partial liquidity and support their vision to become the leading high quality manufacturer of vitamins, minerals and supplements in a variety of formats. Endeavour was attracted to ANS' unparalleled commitment to quality, safety and customer service and attractive customer list. Endeavour, the founders and management intend to continue investing in the Company's quality capabilities and innovative product solutions for its customers across product (capsules, tablets, powders, etc.) and packaging formats.
|Barrett-Jackson Auction Company
Barrett-Jackson is the leading provider of event-based auctions for classic and collector cars. Featuring a wide variety of world-class automobiles, the company's auctions have gained a reputation as “must-attend” events for automobile collectors and enthusiasts.
Barrett-Jackson currently holds three events each year, one in Scottsdale, AZ, one in Palm Beach, FL and one in Las Vegas, NV. The Scottsdale event has grown to be the largest single collector car auction event in the world with over 1,000 cars sold each year. The company has also pioneered the live broadcasting of collector car auctions on national television, and today its live coverage on the SPEED Channel is one of the network'ss highest rated televised events.
Endeavour partnered with Craig Jackson and his management team in 2007 to provide existing shareholders with liquidity and to continue to grow the Barrett-Jackson franchise. No debt was used to finance the transaction. Since Endeavour's investment, the company has added a third annual event in Las Vegas and continued to strengthen and expand its overall market offering.
Founded in 1955, Bi-Mart is one of the pioneers of membership discount shopping in the Northwest. The company operates a discount retail chain of over 70 drug and general merchandise stores in Oregon, Washington and Idaho. Members pay a one-time $5.00 fee for a lifetime family membership which entitles them to shop at any Bi-Mart store. With over 3,500 employees, Bi-Mart ranks 19th amongst discount and value retailers and is the 9th largest discount store pharmacy in the United States.
Endeavour established a relationship with Bi-Mart management in 1992 when the company was owned by Thrifty Corporation. Following the sale of Thrifty-Payless to Rite Aid Corporation, Bi-Mart management was offered the opportunity to purchase the company on an exclusive basis from Rite Aid. Endeavour helped negotiate, structure and finance management's successful acquisition of the company from Rite Aid in 1997.
In 2004 Endeavour transferred ownership of the company to Bi-Mart's employees through an ESOP, allowing Bi-Mart to continue to remain true to its "Northwest-owned and operated" slogan. Bi-mart remains employee-owned today.
Bristol Farms operates a chain of specialty grocery stores in Southern California and San Francisco. The company provides a premium shopping experience with a wide assortment of high quality fresh and natural foods from local producers as well as specialty foods from around the world. The company opened its first store in 1982 with an emphasis on superior quality and freshness. Today, Bristol Farms is widely recognized as the best specialty market in Southern California by consumers and through media recognition naming it the best "small market", "best meat department", "best sushi" and "best cooking school". In Zagat's most recent Marketplace Survey, Bristol Farms was rated the number one market in overall quality and service.
Endeavour partnered with management to purchase Bristol Farms from SUPERVALU, Inc. in 2010. Endeavour was attracted by Bristol Farms' high brand recognition in the marketplace, its unique positioning in high-end grocery and the opportunity to emphasize the company's premium natural and organic product assortment. Endeavour and management plan to focus on expanding Bristol Farms' store base within California while continuing to focus on providing a superior shopping experience for Bristol Farms' loyal customers
|Citadel Communications Corporation
Citadel Communications, renamed Citadel Broadcasting, is the largest pure-play radio broadcaster in the U.S. At the time of Endeavour's exit, Citadel owned more than 200 stations in 42 markets.
After targeting radio broadcasting as an attractive industry for investment, Endeavour formed Deschutes River Broadcasting in 1994 with the goal of acquiring radio stations in small to medium-sized markets in the Pacific Northwest. After acquiring its first two radio stations, a relaxation of FCC ownership restrictions led to an acceleration in the pace of industry consolidation. In response to this shift in market structure, in 1996, Deschutes merged with Citadel Communications. Following the merger, Endeavour became an investor and board member of Citadel Broadcasting.
Over the years that followed, Endeavour helped CEO Larry Wilson and his team execute a roll-up strategy that involved a number of follow-on acquisitions in markets throughout the country. In 1998, with Endeavour's assistance, Citadel completed an initial public offering (IPO) on the NASDAQ, raising over $100 million of capital for the purpose of debt reduction and future acquisitions.
Citadel was ultimately sold for over $2 billion in 2001.
Columbia Distributing is the largest beer and non-alcoholic beverage distribution company in the Pacific Northwest with operations throughout Oregon and Washington. Columbia distributes Miller Beer and Coors brands, micro-brewed beers, imported beers, and a variety of natural and non-alcoholic beverages.
Endeavour originally partnered with Ed Maletis in 1993 to purchase the Columbia Beverage Division from the Maletis family. Endeavour helped Columbia grow through five significant company mergers and acquisitions and a number of brand acquisitions to become the largest diversified beverage distributor in the region generating over eight times its original sales revenue. In 2006, Endeavour distributed its ownership in Columbia to its limited and general partners.
In 2008, fifteen years after its original investment, Endeavour participated in the consolidation of Columbia Distributing, Mt. Hood Beverage and Gold River Distributing. Columbia is now one of the largest diversified beverage distributors in the country.
Endeavour exited its investment in 2012.
Based in the San Francisco Bay Area, Columbus Foods is a manufacturer of a full line of Italian-style branded and private label dry cured and cooked deli meats and a distributor of specialty foods.
The family owners of Columbus were interested in finding a partner that could help them continue to grow and professionalize the business, while preserving legacy and the company's unique culture. Since Endeavour's partnership with the family and management, the company has acquired a new production facility, added to its executive leadership team and outsourced a non-core business.
|Garden Grow Company
The Garden Grow Company produced a full line of branded gardening products for retailers located in the Western U.S. The company sold packaged soils, mulches and organic fertilizers to specialty retailers under the Whitney Farms brand and lawn foods, seed, fertilizers and pesticides to "big box" retailers under the Lilly Miller and Black Magic brands.
Endeavour formed a relationship with the principal owners of both Garden Grow and Lilly Miller and, in 1998, Endeavour financed a buyout led by Garden Grow management to purchase the assets of Lilly Miller. Endeavour exited its investment in 2000.
|Genesis Financial Solutions
Headquartered in Beaverton, Oregon, Genesis Financial Solutions provides private label consumer financing options for merchants and service providers, specializing in underserved credit segments. Genesis partners with retailers, healthcare providers, and educational institutions, who want to serve more customers and increase sales volume by offering affordable consumer credit. For over 10 years, Genesis Financial Solutions has maintained a strong reputation among its customers, partners, and industry peers, by offering consumer credit with simple terms, competitive rates, and exceptional service.
Endeavour has had a strong relationship with the Genesis’ Chairman and CEO, Irving Levin and Bruce Weinstein, for over 10 years. In September 2012 Endeavour completed an investment in Genesis to provide growth capital for Company’s expanding private label credit programs. With Endeavour’s investment and partnership, Genesis plans to become a leading provider of integrated consumer credit solutions for regional and national retail and healthcare chains.
|Grand Canyon Education (ticker: LOPE)
Grand Canyon Education (GCE) was founded in 1949 as a Christian liberal arts university. GCE provides undergraduate and master's degrees through both online and campus-based formats, with an emphasis on education and nursing degrees. GCE is regionally accredited by the Higher Learning Commission (HLC), which allows its students to be eligible to receive government-sponsored aid through Title IV funds regulated by the U.S. Department of Education.
In 2004, GCE was purchased by Brent and Chris Richardson and other investors, who transitioned GCE from a not-for-profit institution to a for-profit institution. Endeavour partnered with management in 2005, providing the business with growth capital. Endeavour was attracted to GCE due to strong industry fundamentals and management's deep experience in the education industry.
At the time of the acquisition, GCE was losing money and in danger of shutting down due to insolvency. Today, management has restored profitability and continues to generate impressive top-line growth each year, primarily through its online programs. With Endeavour's participation, the company has made considerable investments in its management team and infrastructure. In July 2008, Brian Mueller, former President of Apollo Group, was hired as CEO and in November 2008, GCE successfully completed an initial public offering (Nasdaq: LOPE).
|K2 Insurance Service
Based in San Diego, CA, K2 Insurance Services works with insurance carriers to design and underwrite programs for personal and commercial property and casualty insurance. K2 was formed in 2011 through a partnership between Endeavour and insurance industry veterans Pat Kilkenny and Bob Kimmel. Kilkenny and Kimmel have over 50 years of combined industry experience. Kilkenny formerly ran and owned Arrowhead General Insurance, a industry leading general agency with over $1 billion in written premiums. Kimmel most recently served as Executive Vice President and MGA Practice Leader at Guy Carpenter, an insurance intermediary and a division of Marsh & McLennan Companies.
Legend Brands is the leading manufacturer of restorative drying products for the water damage restoration industry with over 60% market share in the U.S. The company’s product line includes dehumidifiers, air movers, chemicals, air filtration equipment, water extractors, water detection instruments and accessories. These products are used by restoration contractors and carpet cleaners to dry structures saturated with moisture from storms, floods, broken water pipes, water leaks and natural disasters.
In 2006, Endeavour partnered with Blue Point Capital and management to purchase the company from its founder. Endeavour was attracted to Dri-Eaz due to its leading market share and well recognized brand within its industry.
In 2007, Endeavour assisted the company with its acquisition of Unsmoke Systems, a manufacturer of fire and water damage restoration chemicals. In 2009, Endeavour helped management expand their product offering into the truck-mounted cleaning industry by acquiring Blueline Equipment LLC.
|Little Red Services
Little Red Services (LRS) is a leading provider of oil field services on the North Slope of Alaska. Headquartered in Anchorage, Alaska, the company provides "hot-oil" (heated fluid) and pressure pumping services to well operators, principally BP Exploration Alaska and ConocoPhillips. Hot-oil pumping services are essential to maintaining North Slope oil production by clearing accumulations of ice, paraffin, and asphaltene in well tubular and surface equipment. LRS is the largest provider of clean fluid pressure pumping services on the North Slope with a specialized fleet of mobile hot-oil pumping units that are specifically designed for arctic operations.
In early 2008, Endeavour partnered with the management team and a regional investment bank to purchase the company from its founder and principal owner, who retired from the business at closing to serve as a non-executive member of the Board.
|Lone Star Plywood & Door Corporation
Lone Star Plywood & Door distributed millwork and related products to single family homebuilders in the Portland, Seattle, Denver, Dallas, and Houston markets. Founded in 1952, the company operated under the "Lone Star Plywood & Door" trade name in Texas and Colorado and the "Hillsdale Sash & Door" trade name in Oregon and Washington.
In addition to distributing products manufactured by others, Lone Star assembled interior and exterior door units and manufactured custom doors, sashes, entries, and moldings. Lone Star enjoyed market-leading gross margins and was the market share leader in the custom home segment in each of its markets.
In 1993, Endeavour partnered with the company's key managers to acquire the interest of a retiring shareholder. Endeavour exited its investment in 1997.
Market Transport is a leading asset-light logistics company that serves the full-truckload market. The company's logistics division provides integrated nationwide transportation services for the company's major customers using contract carriers, exclusive agents, rail carriers and its own fleet. The company's fleet division manages company trucks and owner operators that serve a variety of customers on routes throughout the Western states.
In 2002, Endeavour partnered with Market Transport's management team to buy the majority of the company from its founder (who remained a minority investor). John von Schlegell had served on the Board of Directors since 1997. During Endeavour's period of ownership, Market Transport hired a new CFO (who later became President) and completed three acquisitions that significantly expanded the company's geographic footprint and non-asset-based brokerage capabilities. During Endeavour's involvement, Market Transport grew sales by more than three times. Endeavour exited its investment in 2006. The company's former CEO is now an Endeavour investor.
Founded in 1971, Metropolitan Market is an upscale grocery chain with six stores located in the greater Seattle-Tacoma metropolitan area. In addition to its local produce and foreign and domestic grocery products, Metropolitan Market seeks to differentiate itself with an extensive selection of prepared foods and gourmet products. Each store has a full deli where chefs prepare new creations daily, an artisan bakery, a culinary kiosk, full service butcher shop, a kitchen shop, expansive offering of premium wines, fresh produce and aisles of specialty and conventional groceries.
The owners of Metropolitan Market partnered with Endeavour in 2012 to help them continue to grow the brand and expand locations more rapidly, while preserving the company’s unique culture and legacy. Endeavour was attracted by the brand’s strong presence in the Seattle-Tacoma community, Metropolitan Market’s unique positioning in the high-end grocery space, and the opportunity to expand its concept further within Seattle and adjacent markets. Endeavour and management plan to focus on expanding the store base within local markets while continuing to focus on providing a premium shopping experience for Metropolitan Market’s loyal customers.
|Michaels of Oregon Company
Founded in 1947, Michaels is an industry-leading manufacturer of accessories for the hunting, shooting sports and law enforcement markets. At the time of Endeavour's investment, Michaels had been named the Hunting and Shooting Sports Manufacturer of the Year for twelve consecutive years.
The company's product line consists of sling swivels, slings, holsters, gun lubricants, scope covers and a number of law enforcement and hunting related products sold under the "Uncle Mike's" brand.
Endeavour partnered with Michaels' management to acquire the company from Prudential Insurance in 1993. To raise the necessary amount of capital, Endeavour brought in several other equity partners.
During Endeavour's investment, the company made four acquisitions, including well-known shooting sport brands Butler Creek, Hoppes, Bore Snake and Stoney Point. Endeavour also assisted the company with a number of management additions. Endeavour exited its investment in 2005.
Founded in 1977 and located in Hillsboro, OR, Merchandising Technologies, Inc. ("MTI") is a provider of display, power and loss prevention products and services to consumer electronics retailers and OEM's. MTI's customers include some of the world’s most recognized consumer electronic brands and six of the seven largest retailers in the United States, with products focused around tablets, mobile phones, cameras, laptops and other small consumer electronics devices. The company also offers value-added services including project management, deployment and maintenance support, and technical troubleshooting.
Endeavour invested in MTI in late 2007, partnering with management and previous shareholders in the transaction. Since that time, Endeavour and MTI management have focused on growing the company’s customer base, improving its quality of operations and developing new products and value-added services.
|National Frozen Foods
National Frozen Foods (National) processes and freezes vegetables at four company owned facilities in Chehalis, Washington, Moses Lake, Washington, Quincy, Washington, and Albany, Oregon. National was founded in 1912 and is one of the oldest and largest frozen vegetable processing companies in the U.S. National's products, which are mostly pre-packaged, private label vegetables or bulk vegetables, are sold to foodservice distributors, retailers and other food manufacturers throughout the US and in Asia.
Endeavour partnered with management to acquire the company from 3rd and 4th generation family members of the founders. Several of the family members have retained ownership alongside Endeavour. Management and Endeavour believe the company is well positioned to continue its growth and help further consolidate the industry.
|Network Global Logistics
Network Global Logistics is a full service, expedited delivery and logistics company. The company's services include same-day air, same-day ground, next flight out, service parts logistics, warehousing and distribution. The company manages 18 locations throughout the U.S. and Canada and maintains a network of over 1,000 independent agents, 6 warehouse locations and over 100 parts depots.
A transportation and logistics industry advisor introduced Endeavour to the founder/owner due to our experience in the industry. Since our investment, Endeavour has helped transfer leadership from the founder to a new CEO and has assisted with a significant acquisition.
|New Seasons Market
New Seasons Market operates a group of highly differentiated, neighborhood grocery stores in Oregon and Northern California under the New Seasons Market and New Leaf Community Markets banners. In the Portland-area of Oregon, New Seasons' stores offer a unique mix of natural/organic items, locally sourced items, and some conventional products to meet all of a customer's shopping needs. In Northern California, New Leaf stores offer primarily natural/organic items and locally sourced items. Both are deeply committed to their local communities, the local food economy, sustainable practices, and their employees. These commitments are engrained in how they operate and are reflected in the unique in-store experiences and loyal consumer following. They are the first two grocers in the country to earn B Corp certification, one of the highest standards for environmental and social responsibility.
New Seasons was founded in Portland, Oregon in 1999 by three pioneers in the natural foods industry who wanted to develop a grocery store committed to taking care of its employees, customers, community and environment. New Leaf was founded in Santa Cruz in 1985 by another pioneer in the natural foods industry and shares nearly the same mission and commitments. Endeavour developed a relationship with the three primary owners of New Seasons, and separately of New Leaf, over many years. In 2009, Endeavour invested in New Seasons to provide partial liquidity to the existing shareholders, facilitate a transition to the next generation of leadership, and to support sustainable growth. In 2013, New Seasons acquired New Leaf in order to build smart scale by partnering with a company and management team exemplifying the same values and practices of New Seasons.
Endeavour was attracted to the opportunity for a number of reasons, including the companies' loyal following among Portland and South Bay-area consumers, the unique product mix and related expertise, and the founders' commitments to their local communities engrained in how they operate and key to their success. Endeavour and the New Seasons Market and New Leaf shareholders, together, intend to continue investing in the company for long-term growth and sustainability, while preserving the company's mission and unique local and community-oriented strategy.
Nor-Cal Products is a leading manufacturer of highly engineered stainless steel vacuum chambers and related components. For nearly 50 years, the Yreka, California-based company has provided innovative products and solutions to the high vacuum and ultra-high vacuum markets. The company maintains a global footprint, with manufacturing facilities in Yreka, California and Vietnam, and sales and support offices in Santa Clara, California, Singapore, and South Korea. Nor-Cal serves a diverse customer base, from leading multi-national OEMs of semiconductor and compound semiconductor tools to prominent national laboratories and universities.
Nor-Cal was family owned since its founding in 1962. In 2010, Endeavour invested in Nor-Cal in conjunction with Tom Deany, President and CEO, and certain key managers to provide liquidity to existing shareholders and to continue to build Nor-Cal into the leader in stainless steel, enabling vacuum technology.
|Northland Transportation Company
Northland is a leading provider of common carrier and contract barge freight transportation and logistics services between Washington, Alaska and Hawaii.
Northland provides freight services from its 70 acre terminal facility in Seattle, Washington, including full container load, break bulk and less than container load services. Specialized cargo such as boats, vehicles and construction materials are also accommodated.
Endeavour had been looking to invest in the marine services industry when it was introduced to Northland management. In the Summer of 2003, Northland's Australian parent announced that they were going to sell the division as part of a realignment. Management and Endeavour partnered to acquire the freight transportation half of the business in a complex reorganization.
As part of the transaction, an attractive management ownership plan was crafted, that combined with Northland's return to local ownership, created a new focus on growth. With Endeavour's support, the team has pursued a very significant fleet investment and renewal program to position Northland for further expansion.
|Northwest Hotel Group
Northwest Hotel Group was formed to build a branded hotel company that owned and/or managed three to four star hotel properties. The company targeted under-performing independent hotel properties that could be turned around within 12 and 24 months. Prior to forming the company, the founder successfully built a similar company under the Grand Heritage name and trademarks, which was sold to Patriot American Hospitality.
At the time of Endeavour's investment, the company owned one property (the Governor Hotel) and managed nine others. Subsequent to Endeavour's investment, the company acquired an interest in the Avalon Hotel. Endeavour exited its investment in 2003.
OptConnect is the nation's leading provider of wireless connectivity solutions for ATMs. OptConnect furnishes fast, secure wireless connectivity for ATMs, boosting cost savings, reliability and simplicity for customers.
Policy Studies, headquartered in Denver, Colorado, is a national provider of outsourcing, technology, and consulting services related to child support enforcement, workforce development, and government health services. The company's primary solutions include providing child support enforcement, workforce development, and government health services to health and human services organizations. With more than 1,400 employees spanning 57 programs in 28 states and the District of Columbia, Policy Studies helps its clients significantly improve program performance.
Endeavour was introduced to Policy Studies by a Denver investment banking firm that perceived a fit between company management and Endeavour. Since Endeavour's investment in 2001, Policy Studies has demonstrated sustained revenue and profitability growth and has completed several small acquisitions. In 2006, Margaret Laub, the former President of McKesson Health Solutions joined PSI as CEO.
Endeavour exited its investment in 2012.
Poorman-Douglas provided outsourced processing services that supported large class action lawsuits and bankruptcy cases nationwide. The company also provided specialized printing and mailing services to governments, financial institutions and private industry.
Endeavour partnered with senior management in 2001 to purchase Poorman-Douglas from its parent company. During Endeavour'ss involvement, the company hired a new CFO, restructured the sales and marketing organization, and implemented an electronic workflow platform. Over the same period, the company exceeded its performance targets and paid down 100% of its acquisition debt. Endeavour exited its investment in 2004.
Based in Scottsdale, AZ, Providien, LLC is a leading supplier of clinically superior medical devices and advanced manufacturing solutions for the medical device and life sciences industries. Providien has completed five acquisitions since its formation. Dynaroll Corporation (Sylmar, CA), a leading supplier of bearings, and contract manufacturer specializing in precision manufacturing, assembly and testing of advanced components for medical devices, as well as San Diego-based companies – Specialty Manufacturing, Inc. (SMI), provider of plastic thermoformed component manufacturing, engineering and design services to the medical equipment marketplace; Integra Biotechnical and Integra Carlsbad – formerly Plastics Engineering & Development, Inc., a vertically integrated medical device contract manufacturer that provides engineering, injection molding and assembled finished, sterile goods to leading medical device and pharmaceutical OEMs; and Emergent Respiratory, a manufacturer of respiratory care products.
Providien was formed in 2010 through a partnership between Endeavour Capital and medical device and contract manufacturing industry veterans Charles Stroupe and Jeffrey Goble. Stroupe and Goble have over 50 years of combined experience in the medical contract manufacturing, medical device, and pharmaceutical industries. They most recently served as Chief Executive Officer and President, respectively, of Medegen, LLC, a company which they co-founded in 2001 and sold to CareFusion in May 2010.
In addition to focus on organic growth in its current operations, Providien will continue to build out its services offering by actively seeking acquisition candidates that provide contract manufacturing, assembly, engineering and design and other services to the medical industry.
|Southern Careers Institute
Headquartered in Austin, Texas, Southern Careers Institute, Inc. (SCI) is a provider of post-secondary career education to students at seven locations throughout Texas. Nationally accredited by the Council on Occupational Education, SCI provides its students with comprehensive career training in the fields of allied health, business and cosmetology. SCI was acquired in 2009 from its original founder as part of a proactive search for a new education platform with industry veteran Joe Fox. Joe has over 20 years of experience managing career education companies and now serves as CEO of SCI. Since the completion of the acquisition, Joe Fox has added several key industry veterans to the management team and has begun new initiatives that will help position SCI as a leading provider in the career education industry.
SpeeCo is a manufacturer of agricultural equipment sold to small and mid-sized farmers and ranchers. Products include three-point linkage parts (pins, top links, draw bars, ball sockets), whole goods (log splitters and post hole diggers) and other farm and ranch accessories. The company's products are sold through farm and ranch supply stores. SpeeCo also provides outsourced manufacturing services to original equipment manufacturers in the agricultural industry.
Endeavour was introduced to SpeeCo in 2004 by a Denver-based investor group that co-invested in the company. During Endeavour's involvement, SpeeCo more than doubled its profitability and retired 100% of its transaction debt. In 2006, SpeeCo acquired a major competitor in its linkage parts product line. Endeavour exited its investment in 2008.
|The Diamond Center
The Diamond Center was a retail chain that specialized in the sale of jewelry on credit. Founded in 1974, the company operated nine stores located around the San Francisco Bay Area.
Endeavour formed a relationship with the former senior management team of The Money Store in the fall of 2000. In 2001, Endeavour partnered with this team to purchase The Diamond Center from its founder. Endeavour exited its investment in 2004.
Tidewater Holdings is the largest provider of inland marine barge transportation services on the Columbia-Snake River system. The company transports refined petroleum, grain, containers and other products on its fleet of barges.
In 2005, management contacted Endeavour to partner with them in acquiring the company from its financial owners to bring ownership back to the Pacific Northwest. Since Endeavour's involvement, the management team has become a significant owner, the company began transporting a new product, and a program of reinvestment has led to the launching of several new vessels and the acquisition of a competing carrier.
Endeavour exited its investment in 2012.
|Umpqua Feather Merchants
Umpqua Feather Merchants enjoyed the dominant share of the market for fishing flies and related products. The company's products included hooks, tippet and leader material, hackle (feathers) and related accessories. The company sold primarily to specialty fly fishing tackle shops and major mail order tackle suppliers such as L.L. Bean, Orvis, Cabela's, and Kaufmann's.
Endeavour established a relationship with the company in 1993. In 1995, Endeavour invested in the company to finance the purchase of the Metz Hackle Company. Metz was widely recognized as the world's leading producer and marketer of high quality hackle used in fly tying. Endeavour exited its investment in 1998.
Vigor Industrial LLC (Vigor) is the dominant provider of ship repair services, vessel construction and ancillary marine and industrial services in the Pacific Northwest. Vigor operates shipyards and affiliated businesses in Bremerton, WA, Everett, WA, Portland, OR, Port Angeles, WA, Seattle, WA and Tacoma, WA. The Company’s clients include the U.S. Navy, MSC, MARAD, U.S. Coast Guard, Alaska Marine Highway System, National Oceanic & Atmospheric Administration, Washington State Ferries, product carriers and other commercial vessels. Vigor’s operations include 89 acres of shipyard facilities along the west coast as well as 8 drydocks and 2 new build operations.
Endeavour Capital has had a strong relationship with Vigor’s management team for over 10 years and in late 2010 an opportunity arose for its sister fund, Endeavour SEAM, to participate as a mezzanine lender in Vigor’s acquisition of Todd Shipyard Corporation which closed in February 2011.
In November 2011, Endeavour Capital acquired a minority interest in the Company to fund continued growth through acquisitions and additional investments in capital equipment.
Founded in 1948, Warn Industries is a leading manufacturer of drivetrain components, winches and accessories for the four-wheel drive, light truck, and all-terrain vehicle markets. The company markets components directly to manufacturers such as Ford, Nissan and Kia as well as off-road products and accessories such as electric winches, hubs, mounting systems and plows for ATV's.
Endeavour had known Warn Industries and its family owners for several years before the owners' decision to sell the company. Endeavour partnered with Warn Industries's executive team to acquire the company from the Warn family in 1999. During Endeavour's involvement, Warn continued to build upon its strong brand in the off-road and OEM automotive markets.
Endeavour exited its investment in late 2003. Warn remains an Oregon-based operating company.
WinCo Foods operates over sixty-five discount grocery supermarkets in the Western United States. The company is positioned as a high volume, discount alternative to traditional grocery retailers with stores ranging from 80,000 to 100,000 square feet. WinCo is primarily owned by an Employee Stock Ownership Plan (ESOP).
Endeavour was introduced to WinCo management as a potential equity partner to assist in the buyout of a strategic investor and finance continuing growth in the store network. In 2004, Endeavour acquired a minority interest in the company alongside the ESOP, which is the majority owner of WinCo.
ATMequipment.com is North America's leading wholesale supplier of retail ATM machines, parts, and supplies. The Company also has extensive capabilities within its repair service center.
eGlobal is one of North America's largest providers of turnkey ATM placement, transaction processing and bill payment solutions to the hospitality, convenience, retail, and other industries.
Grant Victor is one of the nation’s leading ATM service providers through its subsidiaries eGlobal, ATMequipment.com, and OptConnect. eGlobal is a top ten provider of ATM placement and processing services, ATMequipment.com is the # 1 provider of retail ATM equipment, parts, supplies, and repair services and OptConnect is the #1 provider of wireless communication service plans to retail ATM owners and operators. The Company was founded in 2000 by Tim and Burt Matthews with a goal of becoming a premiere ATM services company focused on outstanding customer service.
Endeavour partnered with the founders in 2011 to help Grant Victor achieve the next stage of its growth. Contemporaneous with Endeavour’s investment, David Charles joined as the CEO of Grant Victor. Previously, Dave was the founder and CEO of Red Hawk Industries. Endeavour was attracted to the Company’s strong company culture, commitment to customer service and market position. Grant Victor is focused on organic growth initiatives in its existing subsidiaries, considering new service offerings and selectively evaluating acquisition opportunities.