Former Portfolio Companies
American Engineered Components (Michigan)
| Industry/Description: |
Metal Stampings |
| Date Acquired: |
April 1999 |
| Date Exited: |
January 2004 |
| Fund: |
Marathon Fund IV |
AEC was a leading designer and manufacturer of complex, custom-designed stamped metal components, disc springs and engineered industrial fasteners, including sealer plugs, Carr Plug Buttons and Teenuts. The company served primarily the automotive, truck, electronics and industrial products markets. Customers included General Motors Truck and Bus, Ford, Chrysler Corporation, TRW, Autoliv, and Schlumberger.
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American Lock (Illinois)
| Industry/Description: |
Security Hardware |
| Date Acquired: |
August 1998 |
| Date Exited: |
April 2003 |
| Fund: |
Marathon Fund III |
American Lock manufactured and distributed high quality security hardware to both the industrial and consumer markets. In addition to being the world's largest manufacturer of solid steel padlocks and the second largest manufacturer of padlocks in the United States, its product line included solid body steel, aluminum, brass, composite fiber, and laminated steel padlocks, as well as combination locks.
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Bankers Systems (Minnesota)
| Industry/Description: |
Compliance Products |
| Date Acquired: |
December 1994 |
| Date Exited: |
August 1999 |
| Fund: |
Marathon Fund I & II |
Bankers Systems was the country's leading supplier of products and services designed to assist banks and other financial institutions conduct business in compliance with legal and regulatory requirements.
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Byerly's (Minnesota)
| Industry/Description: |
Grocery Retail |
| Date Acquired: |
October 1990 |
| Date Exited: |
April 1997 |
| Fund: |
Marathon Fund I & II |
Byerly's, Inc. was a leading premium grocery format in the Minneapolis-St. Paul metropolitan area. The company's successful format featured a collection of high-margin specialty retail centers, such as deli counters, bakeries, seafood and meat counters, a broad product selection and exceptional customer service.
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Claire-Sprayway (Illinois)
| Industry/Description: |
Aerosol Products |
| Date Acquired: |
September 1997 |
| Date Exited: |
July 2005 |
| Fund: |
Marathon Fund III |
Claire-Sprayway was a custom manufacturer of aerosol packaged chemical products for household, institutional and industrial cleaning agents and adhesives.
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Crescent Sleep Products (North Carolina)
| Industry/Description: |
Mattresses |
| Date Acquired: |
March 1998 |
| Date Exited: |
June 2000 |
| Fund: |
Marathon Fund III |
The Crescent Sleep Products was a leading producer and distributor of Serta brand mattresses and box springs. The company manufactured and distributed its products from three highly automated facilities in Clear Lake, Iowa, Grovetown, Georgia, and Greensboro, North Carolina.
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Deltak (Minnesota)
| Industry/Description: |
Power Generation Equipment |
| Date Acquired: |
May 1990 |
| Date Exited: |
January 1994 |
| Fund: |
Pre-Fund |
Deltak was a world-wide supplier of custom-designed heat recovery steam generators for gas turbine combined cycle power generation and specialty boilers for waste heat recovery applications. The company also provided installation, start-up, operation training and after-market services for all operating units.
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Havco Wood Products (Missouri)
| Industry/Description: |
Truck Trailer Flooring |
| Date Acquired: |
August 1999 |
| Date Exited: |
August 2002 |
| Fund: |
Marathon Fund IV |
Havco WP, Inc. was the leading domestic manufacturer of laminated oak hardwood flooring used in the assembly of dry freight van trailers. The company's strong relationships with its customers reflected its commitment to superior product quality, exceptional customer service, substantial manufacturing capacity and low cost solutions.
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Hartzell Manufacturing (Minnesota)
| Industry/Description: |
Die Casting/Injection Molding |
| Date Acquired: |
June 1993 |
| Date Exited: |
April 1997 |
| Fund: |
Marathon Fund I & II |
Hartzell Manufacturing provided services in plastic injection molding, structural foam molding, aluminum, zinc and magnesium die casting, and electro-mechanical assembly. The company offered a complete tooling package of assembly projects, from packaging and drop shipments to individual accounts.
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Jacobson Machine Works (Minnesota)
| Industry/Description: |
Size Reduction Equipment |
| Date Acquired: |
May 1992 |
| Date Exited: |
December 1997 |
| Fund: |
Marathon Fund I & II |
Jacobson was a manufacturer of industrial size reduction equipment, including shredders, crushers, lump breakers, air swept pulverizers, hammer mills and grinders, which were used in a variety of processing applications.
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Knutson Mortgage (Minnesota)
| Industry/Description: |
Mortgage Banking |
| Date Acquired: |
October 1992 |
| Date Exited: |
May 1997 |
| Fund: |
Marathon Fund I & II |
Knutson Mortgage Corporation was a full service banker that originated and serviced residential one- to four-family mortgage loans. Knutson also provided sub servicing and master servicing for others and serviced a portfolio of approximately $6 billion exclusive of sub servicing provided by the company for the Resolution Trust Corporation.
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Lancaster Laboratories (Pennsylvania)
| Industry/Description: |
Laboratory Testing |
| Date Acquired: |
September 2000 |
| Date Exited: |
August 2005 |
| Fund: |
Marathon Fund IV |
Lancaster Labs performed analytical chemical and microbiological testing to support the development and manufacturing of pharmaceuticals.
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Mark VII Equipment (Colorado)
| Industry/Description: |
Car Wash Equipment |
| Date Acquired: |
January 1996 |
| Date Exited: |
February 2006 |
| Fund: |
Marathon Fund III |
Mark VII introduced the United States' first fully-automatic touch-free car wash in the early 1980's. The company manufactured and sold self-service and automatic "rollover" and tunnel car wash systems to gasoline retailers and independent care wash operators.
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Michael Foods (Minnesota)
| Industry/Description: |
Processed Food Products |
| Date Acquired: |
April 2001 |
| Date Exited: |
November 2003 |
| Fund: |
Marathon Fund IV |
Michael Foods was a diversified producer and distributor of specialty egg, potato and dairy products to the foodservice, retail and industrial ingredients markets.
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Mid-America Entertainment (Minnesota)
| Industry/Description: |
Blockbuster Video Franchise |
| Date Acquired: |
May 1992 |
| Date Exited: |
June 1995 |
| Fund: |
Marathon Fund I & II |
Mid-America Entertainment Co. was formed as the exclusive Blockbuster Video franchisee for the Minneapolis/St. Paul metropolitan area, as well as numerous counties in Southern Minnesota, Northern Iowa and Des Moines.
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Petermann (Ohio)
| Industry/Description: |
Student Transportation |
| Date Acquired: |
December 2004 |
| Date Exited: |
September 2008 |
| Fund: |
Marathon Fund V |
Petermann was a Cincinnati-based provider of transportation services for school districts and special needs county agencies.
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Samuel Lawrence Furniture Company (Arizona)
| Industry/Description: |
Residential Furniture |
| Date Acquired: |
January 1997 |
| Date Exited: |
August 2006 |
| Fund: |
Marathon Fund III |
Samuel Lawrence was a leading designer and distributor of furniture for the home.
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VICORP Restaurants (Colorado)
| Industry/Description: |
Family Restaurants |
| Date Acquired: |
May 2001 |
| Date Exited: |
June 2003 |
| Fund: |
Marathon Fund IV |
VICORP was a leading operator of family-style restaurants under the brand names Village Inn and Bakers Square.
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Union Metal (Ohio)
| Industry/Description: |
Lighting and Cellular Pole Manufacturer |
| Date Acquired: |
August 2000 |
| Date Exited: |
July 2011 |
| Fund: |
Marathon Fund IV |
Union Metal designed and manufactured steel and aluminum poles for traffic lights, roadway lighting, cellular communications and other commercial applications.
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Vitality Foodservice (Florida)
| Industry/Description: |
Foodservice Beverage Dispensing |
| Date Acquired: |
September 2004 |
| Date Exited: |
December 2009 |
| Fund: |
Marathon Fund IV |
Vitality Foodservice provided non-alcoholic beverages to 18,000 foodservice customers throughout the world. Based in Tampa, Vitality offered a broad selection of high quality beverages through
its "total beverage system" which included state-of-the-art dispensing machines, proprietary packaging and a dedicated international sales and service network.
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Western Reserve Products (Tennessee)
| Industry/Description: |
Door and Window Components |
| Date Acquired: |
August 1997 |
| Date Exited: |
January 2000 |
| Fund: |
Marathon Fund III |
Western Reserve Products (WRP) was the second largest manufacturer of doorlites, sidelites, and transoms. Serving the building industry since the 1960's, WRP became a market leader and established strong relationships with a diverse base of OEM's, distributors, and home centers by delivering its broad product line efficiently and cost-effectively.
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Wilsons Leather (Minnesota)
| Industry/Description: |
Specialty Retailer |
| Date Acquired: |
June 2007 |
| Date Exited: |
September 2008 |
| Fund: |
Marathon Fund V |
Wilsons Leather was a leading specialty retailer of leather outerwear, accessories and apparel in the United States.
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Woodcraft Industries (Minnesota)
| Industry/Description: |
Cabinet Doors and Components |
| Date Acquired: |
February 1996 |
| Date Exited: |
April 2003 |
| Fund: |
Marathon Fund III |
Woodcraft was the leading manufacturer of hardwood components, fully-assembled solid wood doors and various laminated and profile-wrapped components for the kitchen cabinet, furniture and millwork industries.
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