Dunes Point Capital, LLC, acquires group of assets from Alco Industries, Inc.
RYE, N.Y., June 2, 2014 /PRNewswire/ — Dunes Point Capital, LLC (“DPC”) announced today that it has acquired the assets or stock of a group of industrial and chemical businesses owned by Alco Industries Inc. (“Alco”).
DPC Investment Partners, LLC provided the equity for the transaction. The debt for the transaction was provided by an entity sub-advised by an affiliate of GSO Capital Partners LP (“GSO”), Blackstone’s credit business, and PNC Bank.*
Kirkland & Ellis LLP served as legal advisor to DPC, and Alvarez & Marsal Transaction Advisory Group served as financial advisor to DPC. Pepper Hamilton LLP served as legal advisor to Alco, and Houlihan Lokey served as financial advisor to Alco.
About Dunes Point Capital, LLC (“DPC”): Founded in 2013, DPC is a family office and private investment firm, pursuing control investments in companies operating in the general industrial and energy sectors. DPC targets companies with enterprise values of up to $500 million. For more information, please visit www.dunespointcapital.com.
*The group of entities sub-advised by GSO are advised by affiliates of Franklin Square Capital Partners.
SOURCE Dunes Point Capital, LLC