Friend Skoler Sells Hopkins Manufacturing to ONCAP

ONCAP Management Partners, the middle market PE platform of Onex Corp., has acquired Hopkins Manufacturing Corp. Financial terms weren’t announced. The seller was Friend Skoler & Co., a PE firm based in Saddle Brook, N.J. Hopkins Manufacturing makes branded automotive aftermarket products. Bram Hall, Will Cooper, Matt Salisbury and Ches Riley of BlackArch Partners advised on the sale of the company.

PRESS RELEASE

BlackArch Partners is pleased to announce the sale of Hopkins Manufacturing Corporation, a leading manufacturer of branded automotive aftermarket products, to ONCAP Management Partners L.P., Onex Corporation’s dedicated middle-market private equity platform.
Hopkins previously was a portfolio holding of Friend Skoler & Co., Inc.  BlackArch was retained to serve as exclusive financial adviser on the sale of the company.
Founded in 1953 and headquartered in Emporia, Kansas, Hopkins is a leading designer, manufacturer, distributor and marketer of innovative towing products and functional accessories for the automotive and recreational vehicle aftermarket.
The sale was led by BlackArch Partners bankers Bram Hall, Will Cooper, Matt Salisbury and Ches Riley.  Hopkins is at the intersection of three key BlackArch Partners industry teams: Automotive Aftermarket; Consumer & Retail; and Transportation & Logistics.  This is the second transaction involving Hopkins that Hall has worked on; while at Harris Williams & Co., he was part of a team that sold Hopkins to Friend Skoler in 2004.
“We’re pleased to have had the opportunity to work with Hopkins CEO Brad Kraft and his team again,” Hall said.  “We have been privileged to work with a lot of terrific aftermarket companies, and Hopkins has a powerful combination of branded products, new product development capabilities and retail reach.”
Friend Skoler (www.friendskoler.com) is a private equity firm that invests in leading middle market companies with strong growth potential.  The firm typically invests between $10 million and $30 million of equity per transaction and manages Friend Skoler Equity Investors, L.P., a private equity fund with $231 million of capital commitments.  A key element of the fund’s strategy is to leverage the firm’s extensive experience as investors in and operators of middle market companies.  Friend Skoler is headquartered in Saddle Brook, N.J.
ONCAP (www.oncap.com), in partnership with operating company management teams, invests in and builds shareholder value in North American small and mid-size companies that are leaders in their defined market niche and possess meaningful acquisition and organic growth potential.  ONCAP is the mid-market private equity platform of Onex, one of North America’s oldest and most successful investment firms committed to acquiring and building high-quality businesses in partnership with talented management teams.
BlackArch Partners is a middle-market investment bank offering a full spectrum of advisory services.  The firm offers a full suite of investment banking advisory services to Financial Sponsors and Diversified Corporations and addresses the needs of entrepreneurs, founders and shareholders of Private Companies with specialized services that include Strategic Advisory and Private Capital solutions, as well as M&A advisory work.  Based in Charlotte, N.C., BlackArch covers all industries of interest to middle-market investors and its professionals have closed deals in 15 countries on four continents.  Please visit our website, www.blackarchpartners.com, for more details.

Securities transaction conducted through BlackArch Securities LLC. Member FINRA and SIPC.