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KIC Holdings, Inc. (The Inca Group)
American Capital Invests $15 Million to Combine Two Leading Steel Storage Products Companies
Bethesda, MD – September 26, 2002 – American Capital Strategies Ltd. announced today it has invested $15 million to fund the combination of its portfolio company Inca Metal Products with the Kingway Material Handling Company Inc. Kingway is a leading designer and manufacturer of storage, handling and order selection systems for the material handling industry, and was sold by Reunion Industries Inc. American Capital's investment takes the form of subordinated notes with warrants and equity. This is the second strategic transaction that American Capital has financed for Inca. Both Kingway and Inca management are investing in the transaction, and Fleet Capital is the senior lender. [more...]
American Capital Invests $5 Million in Acquisition of Clymer Enterpises by Inca Metal Products
Bethesda, MD – June 29, 2000 – American Capital Strategies, Ltd. (Nasdaq:ACAS) announced today that it has invested $4,850,000 to finance the acquisition of Clymer Enterprises, Inc. by Inca Metal Products, Inc. Clymer Enterprises, located in Pandora, Ohio, is a manufacturer of industrial racks and agricultural equipment. [more...]
American Capital Sponsors Inca Group Recapitalization
Bethesda, MD – September 27, 1999 – American Capital Strategies, Ltd. (NASDAQ: ACAS), today announced it invested $15 million in equity and subordinated debt to fund the recapitalization of the Inca Group, a leading Texas based manufacturer of steel products for the construction, distribution and manufacturing industries. American Capital partnered with David Rosenfield, founder and Chairman of the Inca Group, in structuring a transaction that provides long term growth capital for the company. Fleet Capital provided additional financing for this transaction. [more...]
The Inca Group Plans for a Long Shelf Life
Under the leadership of President and CEO David Rosenfield, The Inca Group manufactures a wide array of steel products for the construction, distribution and manufacturing industries. This multi-faceted company, the country's seventh largest manufacturer of steel racks and shelves, also provides installation, erection and engineering services that have made Inca a solid, profitable business and the leading competitor in its Texas and Oklahoma markets. Capitalizing on the strong U.S. economy and growing need for versatile, customized racks and shelving, Inca's management had been searching for a financial partner that could help take the company to a higher level. In September 1999, American Capital Strategies, Ltd. (NASDAQ: ACAS) helped Inca fund a recapitalization of the company, investing $15 million in equity and subordinated debt financing. [more...]
