Dallas, Texas (May 1, 2012)
Rosewood Private Investments is proud to announce that its portfolio company, Port-A-Cool, LLC ("Port-A-Cool"), has been acquired by Walter Meier AG (SIX: WMN). The transaction generated a return of 4.7x invested capital and a 37% internal rate of return over Rosewood's ownership period. "We are very proud to have been associated with Port-A-Cool and its management team during our investment. We are particularly proud to have found a great outcome for all of the company's investors as well as the management team and employees of Port-A-Cool," commented G.T. Barden, a Managing Director at Rosewood Private Investments.
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. With significant financial resources and liquidity, we can expedite acquisitions - without financing contingencies - and can structure transactions to meet the varying needs of sellers. By employing a conservative capital structure and investing with a long-term horizon, Rosewood can provide significant benefits to acquired companies and their management teams.
Founded in 1990, Port-A-Cool (www.port-a-cool.com) is the industry pioneer and market leading designer, manufacturer, and seller of portable evaporative cooling units and evaporative cooling media. The Company, through its extensive value-added distribution network and relationships with big box and specialty retailers, sells products that provide customers with versatile, efficient and lower cost cooling solutions. Port-A-Cool's portable evaporative coolers provide customers with an environmentally friendly and energy-efficient means of reducing the ambient temperature in a variety of industrial, commercial, retail and residential environments. In addition to a strong U.S. presence, the company has significant customers throughout Europe, the Middle East, Africa and Asia.