Navigation Capital Partners - Recent Exits

Recent Exits

Technical Innovation

http://www.technical-innovation.net

Technical Innovation ("TI"), based in Atlanta, GA, is one of the largest audio-visual equipment systems integrator in the country, and one of the largest such companies operating in the Southeastern U.S. Through its headquarters in Atlanta and its satellite offices in Birmingham, Memphis, Nashville and Raleigh, TI has undertaken projects ranging from designing and installing video-conferencing and multi-media enabled conference rooms and training facilities, to full control room implementations for broadcasters and other critical space operators. TI was sold to MSouth Equity Partners in December 2012. 

A. H. Harris

http://www.ahharris.com/

Provider of high end products and technical services
to the concrete construction industry

Five Star Food Service

http://www.fivestar-food.com

Full-line vending, coffee service and food services provider

Quantapoint

http://www.quantapoint.com

Provider of laser scanning technology and services

Pecora Corporation

http://www.pecora.com/

Manufacturer of architectural sealants

National Diversified Sales, Inc.

http://www.ndspro.com

Woodland Hills, Calif.-based NDS is a primary source for stormwater management, efficient landscape irrigation and flow management. NDS provides fittings, value and meter boxes, landscape products, drip and micro-irrigation products while supporting the environment through the development of "green" products. NDS products are made with high-quality plastic resins to maintain superior impact and load resistance. Products are engineered to withstand the most extreme outdoor environments, with UV inhibitors added to combat fading and brittleness. NDS is uniquely able to offer a complete inventory of professional products from our large, strategically located regional warehouses, with products usually shipping within one business day.  NDS was acquired by the Norma Group in November 2014.

Exeter Finance Corporation

www.exeterfinance.com

Based in Irving, Texas, Exeter Finance Corp. is a specialty auto finance company engaged in the underwriting, purchasing and servicing of nonprime auto finance contracts from select franchised automobile dealerships throughout the United States. The company works closely with dealer partners to offer unique financing solutions that enable credit challenged customers to purchase late model used automobiles. In August 2011, Navigation recapitalized the company by selling a controlling interest to The Blackstone Group. 

SecureWorks

http://www.secureworks.com/

Atlanta-based SecureWorks is a market-leading provider of world-class information security services, with over 2,600 clients worldwide spanning North America, Latin America, Europe, the Middle East and the Pacific Rim. Organizations of all sizes, including more than ten percent of the Fortune 500, rely on SecureWorks to protect their assets, improve compliance and reduce costs.  On February 7, 2011, Secureworks was acquired by Dell.

HireRight, Inc.

http://www.hireright.com/

HireRight, located in Irvine, Calif., provides Internet-based background screening and pre-employment services. HireRights's services include investigation of criminal and driving records, verification of employment, education and licensing, reference checking, drug testing, credit reports, skills testing and behavioral screening. HireRight went public on the NASDAQ Global Markets exchange under the ticker symbol "HIRE" on Aug. 8, 2007.

Physicians Endoscopy, LLC

http://www.endocenters.com/index.html

Physicians Endoscopy, based in Doylestown, Pa, partners with gastrointestinal physicians in locales nationwide to develop endoscopic ambulatory surgery centers on a de novo basis. The company's innovative business model involves providing a full breadth of management services for its partner centers and maintaining a minority ownership stake in each project. Physicians Endoscopy currently operates 14 centers throughout the United States.  Physicians Endoscopy was sold to Silver Oak Services Partners in April 2008.

Zavata Inc

http://www.zavata.com/

Zavata, based in Atlanta, is a business process outsourcing (BPO) company that provides technology-based BPO solutions to healthcare payors and providers, insurers, companies and government agencies. Zavata delivers end-to-end services including revenue cycle management, PPO network management, customer relationship management, and technical help desk education and certification courses, through an off-shore & on-shore model.  Zavata was sold to Apollo Health Street, a portfolio company of One Equity Partners and Temasek Holdings, in August 2007.

Leeann Chin, Inc.

http://www.leeannchin.com/

Leeann Chin, located in Bloomington, Minn., operates 49 pan-Asian restaurants under quick-service, fast-casual and store-in-store grocery formats in Minnesota and Wisconsin. Leeann Chin has been voted "Best Chinese Food" in the Minneapolis metropolitan area for 16 straight years.  Leeann Chin was sold to Mandarin Holdings, a strategic acquirer, in March 2007.

First Equity Card Corp.

https://secure.firstequitycard.com/

First Equity, located in North Wales, Pa., specializes in the provision of business credit solutions, including a highly innovative credit card program designed around the needs of small businesses. Mellon Ventures exited its investment in First Equity concurrent with its recapitalization by LLR Partners and Greenhill Capital Partners in October 2006.

Princeton eCom

http://www.orcc.com/

Princeton eCom, based in Chantilly, Va., is a provider of electronic payment solutions to more than 1,400 financial institutions and 1,600 corporate billers. Its integrated suite of payment solutions bridges the CSP and BSP markets, providing electronic payment consolidation, convenience payments and bill presentment services.  Princeton eCom was sold to Online Resources Corporation (NASDAQ: ORCC), with acquisition financing provided by Tennenbaum Capital Partners, in July 2006.

Wall Street on Demand

Boulder, Colo.-based Wall Street on Demand develops and hosts customer-facing websites for leading financial services companies. Wall Street on Demand was sold to Goldman Sachs in April 2006.

WS Packaging

http://www.wspackaging.com

Based out of Green Bay, Wis., WS Packaging Group is an industry leader with more than 40 years of experience in printing and flexible packaging for retail, commercial, and industrial markets. The company offers a wide array of printing and flexible packaging across 17 manufacturing facilities in the U.S. and Mexico. Formed in 2000 through the merger of Wisconsin Label Corporation and Superior Label Systems, Inc., WS Packaging Group has increased its staff to more than 1,800 employees and propelled sales to more than $400 million, making it one of the top label and tag manufacturers in North America. WS Packaging was recapitalized with J.W. Childs in January 2006. Mellon Ventures retained a minority stake in the company which is now held by Navigation Capital Partners.

L.E. Technologies

http://www.dexteraxle.com/

L.E. Technologies, based in Elkhart, Ind., is a leading manufacturer of frames and related components serving the towable recreational vehicle industry. In addition, the company fabricates steel and aluminum components and provides electro-coat finishing services to RV and transportation industry customers. L.E. Technologies was sold to Dexter Axle Co., a subsidiary of Tomkins plc, in March 2005.

Summit Global Partners

http://www.usi.biz/

Summit Global Partners, based in Dallas, specializes in risk management and employee benefits for middle-market companies throughout the United States. At the time of its sale, SGP was the 14th largest privately-held insurance brokerage firm in the United States.  Summit Global Partners was sold to USI Holdings Corporation in February 2005.

USI Energy

www.ista-na.com

Alpharetta, Ga.-based USI's principal business is the reading, billing and collection ("RBC") of utility bills for multi-family apartment owners. Customers include most of the large apartment REITs in the U.S. USI Energy was sold to ista North America in February 2005.

Interline Brands

http://www.interlinebrands.com/

Interline Brands is headquartered in Jacksonville, Fla., and is the leading national marketer and direct distributor of repair and maintenance products to facilities and maintenance markets. The company offers same-day delivery of over 33,000 standard and specialty plumbing, hardware, electrical, janitorial and related products to maintenance managers in the multi-family housing and institutional markets. Interline Brands [NYSE: IBI] went public on the New York Stock Exchange in December 2005.

SNAP Appliance

http://www.overlandstorage.com/US/products/nasdataprotection.html

Snap Appliance is a leader in distributed data management solutions and the worldwide volume leader in network attached storage (NAS) solutions. Snap provides simple, scalable storage solutions for leading enterprises and organizations of all sizes across a wide range of industries. SNAP Appliance was acquired by Adaptec, Inc. in July 2004.