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Latest News
08/21/2003
Stonehenge Capital Corporation Invests $1.9 million in Trans American Rubber, Inc.
Stonehenge Capital Corporation announced today that it has made a $1.9 million mezzanine debt investment in Flagstaff Holdings, Inc. d/b/a Trans American Rubber, Inc. The investment funds the purchase of working capital assets and supports management's goal of growing the business through increased marketing and product offerings.
"We sold over 4.2 million pounds of specialty inner tubes last year and are excited about expanding our operations," said Dennis Orcutt, President of Trans American Rubber. "Stonehenge Capital provided that hard to find layer of capital growing businesses desperately need. They will be a valuable financial partner for our small business as we grow our products and employee base." "Trans American Rubber is another example of an impressive small business that is poised for growth," said Andrew Aye, Director of Stonehenge Capital. "This quiet business located in one of Colorado's Enterprise Zones has the best inner tube products, people and customer service available in their niche industry." Trans American Rubber was founded in 1982 and is one of the nation's largest independent distributors of private label niche market inner tubes and vehicle specialty tires which are used in agriculture, trucking, heavy equipment, small lawn & garden, ATV, mobile home and trailer applications. Trans American Rubber has a diverse national customer base consisting of independent specialty tire dealers, truck stops and agriculture co-ops and general stores located in rural and suburban areas. Stonehenge Capital Corporation is a private equity firm providing equity, mezzanine and debt financing for growth oriented companies. Stonehenge Capital manages approximately $500 million in capital through its offices in Colorado, Florida, Louisiana, Missouri, New York, Ohio, and Wisconsin. Associated Office
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