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Portfolio Companies
Allis Tool & MachineRed Top Capital LLC and a industry executive purchased certain assets, the business and intellectual properties of Allis Tool & Machine Corporation on March 6, 1997. Red Top Capital LLC own 75% and management owns 25% of the Company. The Company performs high precision machining, machine design and building, and die manufacturing, employing over 30 people in the Milwaukee, WI area, and is ISO 9001 certified. Check out Allis Tool's web site for more information or contact Bill York at 414-453-5500. Jubilee EmbroideryOn September 5, 1997, all of the stock of Jubilee Embroidery was acquired by an acquisition corporation formed by Red Top Capital LLC, including a textile executive and the operating management of Jubilee. The Company, founded in 1972, is located in Lugoff, SC. Jubilee is a specialty embroidery contractor engaged in the production of embroidery and appliqué products which are used in home furnishings, children's apparel, sports logo merchandise and various other applications. Its customers include West Point Stevens, Springs Industries, Nike, Adidas, Umbro, Champion Products, Health-Tex, Inc., Polo, and many others. For more information contact Charlie Tracy at Jubilee Embroidery 803-438-2934 or visit our website to learn more about Jubilee Embroidery. Production Tool CorporationOn December 19, 1997 all of the assets of Production Tool Corporation were acquired by an acquisition corporation formed by Red Top Capital LLC, NationsCredit Commercial Corporation (now Bank of America Commercial Finance), and a industry executive. Production Tool Corporation performs large scale machining and repair work for OEM's located in the upper midwest and for the steel industry around the great lakes. The Company has certain large scale machining capabilities which are not found in any other machine shops in the U.S. In 2007 Production Tool Corporation was merged with a Monarch machining located in Milwaukee, WI. Please see below for more info on the combined entity. A controlling interest of Eagle Dry Goods was purchased on May 29, 1998. Eagle imports and distributes high quality custom knit and silk shirts. The Company concentrates on the marketing and sale of Authentic Clothing to the Advertising Specialty Industry (ASI). The Company is located in Nashville, TN. Red Top Capital LLC obtained a majority equity stake from the founders as a condition of providing equity capital for the Company to continue its outstanding growth potential. For more information about Eagle Dry Goods contact William Reese at 615-884-1400 or go to our website to view our online catalog.
The assets of Lakin General Corporations - Roller Division were acquired by Allis Roller LLC, an entity formed by Red Top Capital LLC partners on July 7, 2004. The assets were moved from Chicago, IL to Franklin, WI in October of 2004. Allis Roller manufactures rollers and other related equipment for the top five OEM agricultural manufacturers in America. Our customers include CNH Global, AGCO, John Deere and Gehl Company. For more information regarding Allis Roller LLC please contact Tom Barnes at 414-423-9000 or visit our we page.
Monarch Machining and Fabrication Monarch Machining and Fabrication was acquired in July of 2007 by Red Top Capital LLC investors and existing management. Monarch closely compliments Red Tops existing investment in Production Tool and the combination of these two entities will provide enhanced capabilities to customers of both Production Tool and Monarch Machining. For more information about Monarch Machining please contact David Mitchell 414-353-8820 or check out our web page.
Portfolio Companies Sold Palmer CompaniesThe Palmer Companies consist of Palmer Tool Company and Palmer Contractors. Palmer Tool has facilities in Camden, TN and Saucier, MS, while Palmer Contractors is located in Camden, TN. Red Top Capital LLC owned 70% of both Companies and management owned 30%. The Company's business is industrial repair and fabrication, primarily in the chemical industry. The Company performs machining, welding and fabrication on various types of process equipment, primarily for the paper, power and chemical industries. Specialties of the Company include code stamped fabrication, hard surface overlays, plasma transferred arc welding, refractory, installation of critical nickel alloy process components. Please visit Palmer Companies website for more information, or contact Dwayne Douglas- President/Owner at 731-584-4681. In January of 2008 existing Management acquired the stock of all the outside investors affiliated with Red Top Capital LLC. This transaction provided a compounded return of approximately 16% to the investors of Red Top Capital LLC and achieved the long time goal of management to become the sole owners of the business. We are delighted with the return provided and the final outcome of this transaction. Batteries PlusBatteries Plus is a nationwide chain of retail outlets which sells a wide variety of batteries to both individuals and commercial accounts. Red Top Capital LLC investoprs acquoired an interest in Batteries Plus in 1995. Batteries Plus plans to have over 400 outlets in all 50 states within three years. Please visit Batteries Plus web site for more information. In November of 2007 a large private equity group acquired 100% of Batteries Plus—providing an exit for the investors of Red Top Capital LLC and the remaining founders of Batteries Plus. This transaction provided a return in excess of 33% compounded annually over the term of our investment.
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