In July 2006, Socius Capital completed a recapitalization of On The Scene Productions,
Inc, a Los Angeles-based pioneer in the field of electronic publicity. Funding for the
transaction was provided by Socius Capital, with support from an institutional fund and
a group of private investors.
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In December 2008, Socius Capital helped Trevor Armstrong acquire Wazee
Companies, LLC from his retired father. Trevor had been in the business all his life
and had been successfully running the company for the prior several years. To
accomplish this generational recapitalization, Socius Capital led an investor group that
included a Boston based institutional investor and a group of high net worth individuals
in providing a combination of preferred stock and subordinated debt. A local bank also
provided a senior debt facility.
In the Fall of 2012, Wazee received an unsolicited offer from the Timken group (TIMK) to
sell the business and a transaction was concluded by year end. It was a successful
outcome for Socius and its investment partners.
In January 2010, Socius assisted Wazee in the purchase of H&N Electric, thereby
significantly expanding Wazee's ability to provide service and parts to wind farms, to sell
and service overhead cranes/hoists and to repair and sell new electric motors
throughout the western US. See press release here: Wazee Acquires H&N
In November 2010, Socius led a subordinated debt investment into two Denver,
Colorado based, jointly owned businesses; Intertech Plastics, Inc. and its sister
company, Twist Body Brands. The capital was used for growth initiatives, including
equipment purchases, expanded distribution, product line extensions and working
Intertech (www.intertechplastics.com) is a leading plastics molding manufacturer in the
Rocky Mountain Region, with a particular emphasis on large, inefficient to ship
products. Over its history, the business has developed core competencies in injection
molding, blow molding, contract assembly, pad printing, and fulfillment services.
Intertech serves customers in the consumer, industrial, electronic and automotive
industries. The high cost of transporting many of the products it manufactures provides
the business with a significant regional competitive advantage. Twist
(www.twist-and-pout.com) is a rapidly growing business that has pioneered the
concept of packaging premium quality health and beauty products into unique,
The Pacific Pharmacy Group was formed in 2007 to pursue a focused strategy of
acquiring independent, small footprint pharmacies located in medical office buildings
and hospital campuses in southern California. They currently operate nine units with a
number of additions pending. While typically a thin margin business, PPG has been
able to materially improve unit level operating economics through volume purchasing
and implementation of more sophisticated accounting and control systems.
In March 2014, existing managment, an institutional partner (The Central Valley
Fund), and Socius Capital completed the acquisition of Precision Machine and
Manufacturing, Inc. (“PMM”), a Eugene, Oregon based manufacturer of material
PMM is a leading designer and manufacturer of precision rotary valves, rotary
feeders and screw conveyor material handling systems, providing technical and
mission critical products to more than 1,000 end users in a variety of industries
including cement plants, wood and paper mills, utilities, including co-generation
facilities and mineral industries. Given the premium nature of the company’s
products, they focus on the most challenging applications for moving any form of
granular material. The company's tight product tolerances, high quality materials and
finishes are ideal for abrasive substances such as fly ash, coal, coke, cement, wood
waste, gypsum, diatomaceous earth and pebble lime.
In December 2014, Socius Capital, in conjunction with The Central Valley Fund
(“CVF”), supported an experienced management in acquiring the assets of SP
Recycling Northwest, a wholly owned subsidiary of SP FiberTechnologies, LLC
(“SP Fiber”). The newly formed entity is Pioneer Recycling Services, LLC (“PRS”).
PRS operates two of the largest Material Recovery Facilities (“MRF’s”) in the Pacific
Northwest, with operations in Tacoma, Washington and Clackamas,Oregon. The
MRFs receive, separate and prepare recyclable materials sourced principally from
the residential waste stream for marketing to end-users.
The transaction establishes Pioneer’s footprint in the Pacific Northwest and
launches the Company’s strategy to expand its operations through improved plant
efficiencies and targeted acquisitions. Terms of the transaction were not disclosed.
Socius Capital and CVF sourced the subordinated debt and preferred stock for the
transaction. Craft Partners represented the buying management team.
Socius Capital focuses on investment opportunities where management
partners acquire or maintain a significant equity interest.