Clearview Capital acquired a majority stake in Controlled Products, LLC, which makes synthetic turf for sports, landscape and leisure uses. The transaction closed on March 22 and included an investment from the management team. Controlled Products is the sixth platform investment made by Clearview Capital Fund III.
Clearview Capital Fund III, L.P. (“Fund III”) announced today that it has acquired a majority interest in Controlled Products, LLC (“Controlled Products” or the “Company”). The transaction, which closed on March 22, included a significant investment by the management team and is the sixth platform company established by Fund III.
Controlled Products is a manufacturer and distributor of premium quality synthetic turf for sports, training, landscape, leisure and specialty applications. Its products are sold to a national network of dealers and installers under Controlled Products’ highly recognizable brand names, SporTurf™, GrassTex, and Synthetic Turf International®. The Company also delivers a broad array of turf products to original equipment manufacturers and large regional installation companies under private label arrangements. Controlled Products is headquartered at a state-of-the-art, 280,000 square foot facility in Dalton, GA.
“The Controlled Products team is excited to partner with Clearview Capital and continue our growth trajectory,” said Scott Lowrie, the Company’s President and CEO. “We have experienced tremendous success by listening to our customers’ needs, purchasing the highest quality yarns and materials, and manufacturing and delivering the most innovative and durable products in the industry. With the added benefit of Clearview’s experience and resources, we believe we can continue to capitalize on the growing acceptance of synthetic turf in a wide variety of applications.”
“We were impressed with Scott and his management team at Controlled Products from the outset,” said Paul Caliento, Partner at Clearview Capital. “Controlled Products manufactures quality athletic field turf and has terrific growth potential in that segment, but we see an even stronger growth story coming from its non-field segments. Recent innovations make it hard to distinguish synthetics from the real thing, and the sheer number of application possibilities provide the Company with exciting growth potential.”
“Controlled Products is the kind of world-class company we are constantly on the hunt for,” said James Andersen, Managing Partner and co-Founder of Clearview Capital. “Like the successful investments we have made in the past, Controlled Products has a superb, committed management team ready to capitalize on a wide variety of organic and acquisition growth opportunities. Even with its impressive track record of growth, we believe the best still lies ahead for the Company.”
Clearview Capital’s other holdings include Advanced Medical Personnel Services, Inc., a provider of nationwide healthcare staffing solutions; Xcellence, Inc. d.b.a. Xact Data Discovery, a provider of discovery and data management services; Northwest Cosmetic Laboratories, LLC, a formulator and manufacturer of prestige skin care products; Novik, Inc., an innovator, manufacturer and distributor of polymer building products; St. Croix Hospice, LLC, a provider of high quality, palliative care for hospice patients; QC Supply, LLC, a leading wholesale distributor to the swine and poultry markets; GCR, Inc., a professional services firm delivering technology solutions to governmental and commercial clients; Child Health Holdings, Inc. d.b.a. Pediatric Health Choice, the country’s largest provider of prescribed pediatric extended care (“PPEC”) centers for medically complex children; and Pyramid Healthcare, Inc., a provider of substance abuse and mental health treatment programs for adults and adolescents.