RECENT RELEASES
Communications Supply Corporation-
Business
Communications Supply Corporation (“CSC”) was the third-largest distributor of low voltage infrastructure products in the United States (per the company’s estimate) at the time of exit. More than 90% of CSC revenues were derived from sales to the enterprise segment, which included large corporations, institutions and government entities. CSC had over 10,000 active customers and bought its products from a core group of 40 manufacturers.
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Harvest Partners Investment
In May 2004, Harvest purchased CSC with the existing management team. To fund the acquisition Harvest arranged the debt financing, which included a senior credit facility and a mezzanine note. In addition, Harvest arranged equity co-investment capital for the transaction. Harvest sold its investment in CSC to WESCO International, Inc. in November 2006.
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Investment Thesis
- Attractive company dynamics
- Geographic expansion opportunities
- Industry recovery
- Strong management team
