Hudson Ferry Capital Exits Investment in ALCOM
RYE BROOK, NY, December 14, 2020 - Hudson Ferry Capital has successfully exited its investment in ALCOM LLC (“ALCOM” or the “Company”), a premier manufacturer of branded, highly-featured, semi-custom aluminum trailers. Headquartered in Winslow, Maine, ALCOM manufactures seven recognized brands of aluminum trailers (SnoPro, E-Z Hauler, Mission, High Country, Polaris, CargoPro, and Frontier) for a variety of recreational and commercial uses. ALCOM builds-to-order and strictly wholesales, protecting its investment in its extensive dealer network (600+ Dealers) which spans North America from Alaska to Newfoundland and coast to coast in the continental United States.
Hudson Ferry Capital, alongside management, acquired ALCOM in June 2012. We deployed an aggressive growth strategy for ALCOM which was principally focused on geographic expansion as well as the continued introduction of new products to sell to ALCOM’s extensive and growing dealer network. We opened additional manufacturing facilities for ALCOM in Montana and South Dakota in 2013 and 2014, respectively, to meet growing demand for ALCOM’s expanding product line.
“We are very pleased with our investment in ALCOM. The Company more than tripled in size, broadened its product offering and significantly improved margins during the eight years of Hudson Ferry Capital’s investment. It was a pleasure to work with ALCOM’s dedicated and focused management team to aggressively drive growth and generate a 7x multiple of invested capital for our limited partners,” said Stephen Fisher, a Partner with Hudson Ferry Capital.
Hennepin Partners, a MN based boutique investment banking firm, acted as ALCOM’s exclusive financial advisor and Winston & Strawn provided legal services for the transaction.
About Hudson Ferry Capital
Hudson Ferry Capital (www.hudsonferry.com) is a New York-based private equity firm that specializes in investing in lower middle market companies. The firm partners with entrepreneurial owners and managers of established privately-owned companies that are differentiated through product or process innovation. The principals of Hudson Ferry Capital have invested in dozens of niche manufacturers, business services companies and outsourcing providers over the last several decades. As a trusted financial partner, Hudson Ferry Capital can provide liquidity to current owners, provide capital to execute a growth strategy, and assist in transitioning an organization from a smaller or regional family-owned business into a larger, integrated enterprise.
Founded in 2005, ALCOM has quickly grown into one of the most successful and innovative aluminum trailer manufacturers in the nation. The Company produces a portfolio of branded, highly-featured enclosed and open trailers that target a variety of recreational and commercial customers, including cargo, commercial utility, snowmobile, recreational, and horse and livestock. Unlike competitors that standardize products to simplify manufacturing, ALCOM is a sales-led organization that prioritizes listening to dealers and developing new products and features. ALCOM builds-to-order hundreds of configurations of trailers using an efficient operating platform, which has strategically grown from a single location in Maine to additional sites in Montana and South Dakota. Please find ALCOM’s web site at www.alcomusa.com.
For more information about this transaction, please contact:
Hudson Ferry Capital
Hudson Ferry Capital