Orange Line Oil, a Portfolio Company of Ferro Management Group, Acquired by Osprey Capital
Los Angeles, CA, October 2013 – Orange Line Holdings, Inc. (“Orange Line” or the “Company”), a leading distributor of bulk motor lubricants, has been acquired by Osprey Capital, LLC (“Osprey”) from Ferro Management Group (“Ferro”), a private equity firm based out of Raleigh, North Carolina. FocalPoint Securities, LLC (“FocalPoint”) served as exclusive financial advisor to the Company.
Founded in 1970, Orange Line is a leader in the Southern California market, offering a wide range of lubricants to the PCMO (passenger car motor oil) market under the Shell and Ford Motorcraft family of brands, as well as TOTAL and Eneos. The Company sells its products and services into an extremely broad customer base of car dealerships, quick lubes, and automotive shops.
Markus Isenrich, CEO of Ferro Management Group, commented, “We selected FocalPoint as our advisor because of their thorough understanding of distribution businesses as well as our specific niche. We are grateful for their hard work and diligent execution, and we are extremely pleased with the results.”
“We appreciate FocalPoint’s support and dedication in finding us the right partner.” Scott Tredinnick, CEO of Orange Line stated. “From initial diligence meetings to the final document negotiations, they were with us every step of the way and we could not be more excited about the outcome.”
Brian Little, Director of FocalPoint added, “We are pleased to close yet another transaction in the business services sector. With the supportive ownership of Osprey as well the current fragmentation within the lubricant distribution market, Orange Line is well positioned for continued profitability and growth.”
David Hoffmann, Founder of Osprey Capital, added, “Orange Line’s premier product offering and superior service have allowed the Company to differentiate itself in a highly competitive industry. The Company has incredible relationships and market share in Southern California, and we look forward to expanding the Company’s footprint through an aggressive acquisition strategy.”
About Osprey Capital
Osprey Capital, LLC, formed in 2002 by David H. Hoffmann, is a leading private equity firm based in Chicago. Osprey seeks to invest capital in niche dominant, small to mid-market companies/properties in a diversified fashion. Currently, Osprey holds equity positions in business services, commercial real estate, multi-family real estate, retail and manufacturing sectors. For more information on Osprey Capital, visit www.ospreycapitalllc.com
About Ferro Management Group
Ferro Management Group (FMG) invests committed European and American private equity capital in middle market companies in the United States. Target companies are manufacturers, distributors and service companies with consistent historical performance, strong orientation towards growth through product and service development, increased market penetration and expansion, and experienced operating teams. For more information on Ferro Management, visit www.ferromg.com.
FocalPoint is an independent investment bank with offices in Los Angeles and Chicago, specializing in mergers and acquisitions, private placements (both debt and equity), and special situations. The firm serves middle market clients throughout the United States and, since its inception in 2002, has completed approximately $4 billion in transactions. For more information on FocalPoint Partners, visit www.focalpointllc.com.
Please contact Brian Little at 310-405-7017 with any questions about this transaction.