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Investments
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.
OTSP produces and distributes video for broadcast, Internet, wireless and out-of-home
networks. OTSP creates compelling stories that attract audiences and provide visibility
and credibility for its corporate, agency and association clients.
OTSP's founders felt that after 22 years it would soon be time to move on, and also
recognized the energy and resources that would be required to fully exploit the
opportunities of the changing environment. Their decision to partner with Socius
Capital allowed them to bring in new skills, energy and financial resources to the
company. As a result of the transaction, they were able to enjoy some of the equity
rewards for their past efforts, but also kept a significant investment in the business that
will enable them to take advantage of the expected appreciation.
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.
OTSP produces and distributes video for broadcast, Internet, wireless and out-of-home
networks. OTSP creates compelling stories that attract audiences and provide visibility
and credibility for its corporate, agency and association clients.
OTSP's founders felt that after 22 years it would soon be time to move on, and also
recognized the energy and resources that would be required to fully exploit the
opportunities of the changing environment. Their decision to partner with Socius
Capital allowed them to bring in new skills, energy and financial resources to the
company. As a result of the transaction, they were able to enjoy some of the equity
rewards for their past efforts, but also kept a significant investment in the business that
will enable them to take advantage of the expected appreciation.
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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.
Wazee, which was founded in Denver in 1921, is a leader in three businesses:
Wazee Companies was a great fit for Socius Capital’s investment approach of building
a partnership with operators. Whether Socius becomes a majority or minority
shareholder, they work as partners not owners who swoop in occasionally and make
demands.
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
Socius Capital focuses on investment opportunities where management partners
acquire or maintain a significant equity interest.
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.
Wazee, which was founded in Denver in 1921, is a leader in three businesses:
- Wazee Electric is the dominant provider of electric motor maintenance, field
service, repair and new motor sales in the Rocky Mountain region. In their
50,000 square foot shop they service and repair large motors, up to 20,000 hp. - Wazee Crane was started in 1960 and has, to date, provided over 2000 custom-
designed indoor cranes. Wazee Crane has a complete crane manufacturing
facility in Denver, CO with the capability to fabricate welded plate box girders with
spans in excess of 100 feet. The company also repairs and upgrades
previously installed cranes and sells crane-related parts. - Wazee Wind, provides electrical maintenance services to the growing installed
base of wind farms operating throughout the Rocky Mountains and Central
Plains. Wazee Wind is a member of NAWSA (North American Wind Service
Alliance), which is the only integrated wind service network dedicated to
providing efficient and professional repair service for wind powered engines
across North America.
Wazee Companies was a great fit for Socius Capital’s investment approach of building
a partnership with operators. Whether Socius becomes a majority or minority
shareholder, they work as partners not owners who swoop in occasionally and make
demands.
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
Socius Capital focuses on investment opportunities where management partners
acquire or maintain a significant equity interest.
