Company News


July 26, 2018

Transaction:

The Capital Corporation is pleased to announce that ProSource, LLC ("ProSource", headquartered in Greenville, South Carolina) has secured growth capital from CID Capital ("CID Capital", headquartered in Indianapolis, Indiana).  ProSource is one of the premier plumbing, kitchen and lighting solution providers in the Southeastern United States, operating five showroom locations across the Upstate of South Carolina/Western North Carolina markets.

For the last twenty-two years, ProSource has established itself as the region's market leader in providing value-added distribution solutions to leading plumbers, builders, contractors, designers, and home owners.  ProSource's combination of (i) offering value-add, consultative sales with a seasoned salesforce averaging nearly 20 years of industry experience, (ii) providing access to the most robust inventory in the marketplace, and (iii) generating 98% fill rates and 90%+ on-time delivery rates have fueled double digit annual growth rates for the last five years.

Given the significant growth opportunities facing ProSource, the company wanted to accelerate its business plan further by partnering with the growth investor, CID Capital.

Grover Martin, CEO of ProSource, commented "We are very excited to be partnering with the CID team.  Their strategic thinking and access to growth capital will allow us to invest further into the business and offer our customers even more comprehensive solutions at an even higher level of service."

 

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March 7, 2018

Transaction:

The Capital Corporation is pleased to announce the sale of THG Corporation ("THG", headquartered in Northborough, Massachusetts) to KLX, Inc. ("KLX", headquartered in Wellington, Florida).  THG is one of the premier "Tri-Technology" Parker Hannifin motion and controls solutions provider that serves the Massachusetts, Connecticut, New Hampshire, Vermont, Maine, and Rhode Island markets.  KLX is the world's leading independent distributor of aerospace fasteners, consumables, and logistics services.

For the last sixty years, THG has established itself as New England's market leader in providing value-add, motion and control components and system solutions to a diversified mix of end markets.  THG's time-tested strategy of staffing its sales team with highly technical specialists, customizing components and systems for the vast majority of its OEM relationships, offering a highly robust product offering, providing industry-leading customer service, and using its systems design/engineering solutions capabilities to fuel its growing customer base have created an ecosystem of thousands of highly loyal customers, many of which are Fortune 1,000 companies, with an equal balance between original equipment manufacturers ("OEM's") and aftermarket ("MRO") customers.

 

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