River Capital Acquires Can-Do National Tape
Nashville, TN (August 27, 2008) – Brentwood Capital Advisors LLC (“BCA”), based in
Nashville, served as exclusive financial advisor to CDNT Company (d/b/a Can-Do National
Tape) in a recently completed sale to River Capital and management. Can-Do National Tape
(the “Company”) is a leading manufacturer and distributor of pressure-sensitive adhesive
products.
“We are very pleased with the outcome of this sale process,” stated Tim Douglas, a principal
shareholder of CDNT Company. “This transaction reflects the hard work and positive results
that the Company has achieved over more than a decade under our ownership. Brentwood
Capital Advisors performed expertly in positioning the Company for sale, identifying the best
buyer, structuring the terms of the transaction, and getting it closed. We are pleased that the
management team has a partner of River CapitalŐs caliber to assist in the CompanyŐs continued
growth.”
“One of the most gratifying aspects of investment banking is working with accomplished
businesspeople who are associated with good companies, and this assignment was exemplary
in that respect,” said Jack Harrington of Brentwood Capital Advisors. “Can-Do National Tape
had a great track record of profitable growth under our clients’ ownership, and we expect the
Company’s expansion to continue under its new and highly experienced ownership group.”
Can-Do National Tape’s President, Rick Winkel, and certain other members of its management
team participated with River Capital in the acquisition. All employees remained with the
Company through the transaction.
The terms of the transaction were not disclosed.
Contact: Jack Harrington, 615.690.1700
About Can-Do National Tape, Inc. Can-Do National Tape, Inc., located in Nashville, Tennessee, is a leading distributor and
provider of value-added conversion services and custom engineered pressure-sensitive
adhesive products such as tapes, foams, films, foils and related materials to a broad array of
customers and industries. More information about Can-Do National Tape can be found at
www.can-dotape.com.
About Brentwood Capital Advisors
LLC Brentwood Capital Advisors LLC, founded in 1999, is a privately held investment bank
headquartered in Nashville, Tennessee, providing mergers and acquisition and capital-raising
advisory services to middle-market companies. Since 2002, BCA has served as exclusive
financial advisor in 33 transactions representing more than $2.4 billion of value. More
information about Brentwood Capital Advisors can be found at www.brentwoodcapital.com.
About River Capital
River Capital, based in Atlanta, Georgia and founded in 1983, is a private investment firm that
organizes and invests in the acquisitions of select, well-established middle-market companies.
River Capital is one of the oldest firms of its type in the southeast and has acquired companies
in a broad range of industries with combined revenues of over $600 million. More information
about River Capital can be found at www.river-capital.com.
|