Quad-C Management, a Charlottesville, VA, private investment firm has bought Durcon, a supplier of work surfaces, from Stonebridge Partners, a private equity firm based in White Plains New York. Durcon was advised by Harris Williams & Co.
Harris Williams & Co. is pleased to announce the sale of Durcon Incorporated (Durcon), a portfolio company of Stonebridge Partners (Stonebridge), to Quad-C Management (Quad-C).
The transaction closed on September 20, 2010. Harris Williams & Co. acted as the exclusive advisor to Durcon. The transaction was led by John Neuner, John Arendale, Chris Rogers and Doug Kinard from the firm’s Richmond office.
Durcon is a leading global supplier of work surfaces and related products used in a variety of educational, residential and commercial applications. The company is the leading manufacturer of custom-built, high-quality epoxy work surfaces for laboratories and other demanding applications. Durcon’s residential and commercial product line, element, is the first epoxy resin work surface that contributes to LEED certification, and is a product line that provides a contemporary look with the same durability characteristics of the company’s traditional laboratory work surface products.
Stonebridge was founded in 1986 as an operations-oriented private equity firm with an interest in acquiring well-managed companies or divisions of public companies with purchase prices between $50 million and $200 million. Within this segment, Stonebridge has historically focused on niche manufacturing industries, including building products, infrastructure, specialty packaging and specialty manufacturing. During its 24 years of activity, the firm has invested over $800 million of capital in 49 separate acquisitions.
Founded in 1989 in Charlottesville, VA, Quad-C is a leading private investment firm that specializes in investing in profitable businesses valued between $50 million and $500 million and growing them in partnership with management. Over the past 21 years, the firm has invested in over 40 platform companies and completed over 100 transactions, valued in excess of $3 billion. Quad-C has over $2 billion in capital under management and is currently investing Quad-C Partners VII, L.P. and its affiliated Quad-C Partners VII Co-invest Fund, with an aggregate capital commitment of approximately $1 billion.