Dallas, Texas and Center, Texas (September 18, 2009)
Rosewood Private Investments has completed a dividend recapitalization of Port-A-Cool, LLC along with an extension of its loan facilities. The new credit facility was provided by Port-A-Cool's incumbent lender, Wells Fargo Business Credit. The ability to complete a dividend recap in the current credit environment is a testament to the company's strong operating fundamentals along with Rosewood's philosophy of limiting the total amount of leverage that it employs in acquisitions.
Founded in 1993, Port-A-Cool, LLC (www.port-a-cool.com) is a leading designer, manufacturer, and seller of portable evaporative cooling units and evaporative cooling media. Port-A-Cool units are used throughout the world where central air conditioning is not available or feasible.
Rosewood Private Investments (www.rosewoodpi.com) is the private equity arm of The Rosewood Corporation, a prominent family-owned company with diverse worldwide operations and investments. Rosewood has a long history of investing in profitable, growing middle-market companies that are the best in their respective industries.