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Cedar Creek II
Completes The Sale Of Nordco Inc. July 21, 2003 – Cedar Creek II Limited Partnership announced today the sale of its portfolio company, Nordco Inc., to The Riverside Company and Nordco management. Terms of the transaction were not disclosed by the parties. The Nordco transaction represents a significant success for Nordco’s majority owner, Cedar Creek Partners II, LLP, Riverside, and Nordco management. Michael F. McFadden, of investment banker Goldsmith Agio Helms, commented, "The acquisition Nordco provides Riverside with an extremely attractive platform in the $5 billion railroad maintenance-of-way market.” James M. Frommelt, vice president of Goldsmith Agio Helms, added, "Nordco features a very talented management team with a proven history of profitable growth. We firmly believe Nordco’s partnership with Riverside will be as successful as the Company’s partnership with Cedar Creek." Nordco Inc., headquartered in Milwaukee, Wisconsin, is the oldest manufacturer of railroad maintenance-of-way equipment in North America. Nordco designs, manufactures, and markets equipment used for the construction, maintenance, and repair of railroad tracks. Cedar Creek Partners II,
LLP, a Milwaukee-based private equity firm, makes controlling equity investments
in a variety of manufacturing and service companies. Over its history,
Cedar Creek and its predecessors have made over ___ acquisitions. The Riverside Company, a
Cleveland-based private equity firm, manages approximately $412 million in
equity capital. Riverside is one of the leading private equity firms
investing in premier companies in the middle market. Goldsmith Agio Helms is one of the nation’s leading private investment banking firms providing financial advisory services to middle-market businesses. Our services include mergers and acquisitions, distressed advisory and restructuring, valuations and fairness opinions, and private placements of debt and equity. We operate internationally from our offices in Minneapolis, New York, Chicago, Los Angeles, and Naples, Florida. CCP LIMITED PARTNERSHIP SELLS SPARAK! Sept. 23, 2002 --
Harland Financial Solutions, Inc., a wholly owned subsidiary of John H. Harland
Company (NYSE: JH
- News), announced today that it
has extended its core systems offering with the acquisition of SPARAK Financial
Systems, LLC. Harland Financial Solutions acquired
SPARAK for approximately $32 million in cash. Depending on future operating
performance, up to an additional $2 million in deferred purchase price may be
paid. SPARAK's revenues in 2001 were approximately $17 million. The acquisition
is expected to be marginally accretive to earnings in 2003. SPARAK is now part of Harland Financial
Solutions' Core Systems Group, which also includes the ULTRADATA® and CuServ(TM)
core systems for credit unions, as well as the BankServ(TM) core system for
community banks. "We acquired SPARAK for two
reasons," said John O'Malley, president of Harland Financial Solutions.
"First, it builds on our core systems leadership position for financial
institutions. Second, by integrating SPARAK's system with our other products and
services, we will be able to add tremendous value for its existing customers as
well as for other community banks nationwide." "By becoming part of Harland Financial Solutions, we will be able to leverage Harland's strong position in the marketplace," said Steve Anderson, president and chief executive officer of SPARAK. "Our combined product offering makes for a complete solution for the community bank market that we will build on moving forward." NEED A SPEAKER? WE CAN HELP! Our principals have been keynote speakers, panel participants, and seminar educationalists at numerous functions hosted by such organizations as The Executive Committee (TEC), Association for Corporate Growth, International Business Forum, International Business Brokers Association, and the Wisconsin Institute of CPA's (WICPA). We have made presentations to investment firms, banks, accounting firms, law firms, company owners and buyers. Presentation topics have included:
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Jagla
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