REPRESENTATIVE PRIOR INVESTMENTS
HEALTHCARE – SELECTED INVESTMENTS
Home Care Supply, Inc., Beaumont, TX, was the largest privately-held provider of home medical equipment in the U.S. Starting with a base of $25 million in revenues, HCS grew through a combination of internal revenue growth and strategic acquisitions to reach approximately $200 million in revenues prior to its sale to Praxair, Inc. in 2004. Bill Kane led the HCS investment in 1997 while at Harvest Partners, and was Chairman of the company.
Loving Care Agency, Inc., Ft. Lee, NJ, is the largest provider of home health aides in New Jersey, and is a growing provider of pediatric nursing services in New Jersey, Pennsylvania, and other states. In a short period of time, LCA has grown to over $100 million in revenues through rapid internal growth and a strategic acquisition. Bill Kane co-led the recapitalization of LCA in 2006 while at MTS Health Investors, was President of LCA Holdings, Inc., and was a director of the company.
Marshall Products, Inc., Lincolnshire, IL, was a leading branded distributor of home healthcare products, medical-surgical products, and juvenile/babycare products. Omron Tateisi Electronics Co. acquired Marshall in 1990 after EBITDA had approximately doubled and sales had reached $30 million. Bill Kane worked on the management buyout of Marshall from Inchcape plc in 1987 while at Harvest Partners.
Taylor Medical, Inc., Beaumont, TX, was one of the leading distributors of medical-surgical supplies to office-based physicians and other alternate-site healthcare providers. Taylor grew from $25 million to $150 million in proforma revenues prior to its sale to PSS WorldMed, Inc. in 1995. Bill Kane led the investment in Taylor in 1989 while at Harvest Partners, and was a director of the company.
NON-HEALTHCARE – SELECTED INVESTMENTS
Daniel Products, Inc., Jersey City, NJ, was a leading producer of pigment dispersions and other specialty coatings additives, which was subsequently acquired by Harrisons & Crosfield plc in 1996 for a substantial gain. Bill Kane co-led the management buyout of Daniel from DSM N.V. in 1993 when he was at Harvest Partners, and was a director of the company.
Scandura Products, Inc., Charlotte, NC, was the second largest producer of conveyor belts in the world, with $75 million in sales. Bill Kane led the management buyout of Scandura from BBA Group, plc in 1995 while at Harvest Partners, and was Chairman of the company. Fenner plc acquired Scandura in 1997 after it had generated significant revenue and EBITDA growth.
TVC, Inc., Hershey, PA, was a leading U.S. distributor of low-tech broadband communication and other supplies to cable television companies, with $60 million in sales. Bill Kane led the management buyout of TVC from Ferguson International Holdings plc in 1996 while at Harvest Partners, and was Chairman of the company. It later reached a peak of $720 million in sales as the leading global distributor of broadband communication equipment through significant internal growth and several acquisitions.
