Five transactions and personnel changes position them for further success in 2023

Ancor Capital Partners, an operations focused Dallas-area private investment firm, reports an impressive 2022 performance. Ancor completed five transactions and made several significant personnel moves to position the firm for an even more successful 2023.

The Company kicked off 2022 with the acquisition of Mat, Inc. as an add-on for its portfolio company, LSC Environmental Products. The Mat, Inc. acquisition bolsters LSC’s robust position as a global leader in spray-applied environmental coatings.

This was followed in April 2022 by Ancor purchasing El Paso, Texas--based, Mid-West Textile, a leading textile recycling and grading operation that sells its finished products across multiple domestic and international sales channels. The acquisition fulfilled the increasing demand for ESG-focused investments as Mid-West Textile reduces post-consumer waste by efficiently collecting, sorting, and grading donated clothing and other items. The company’s efforts over the years have saved hundreds of millions of pounds of donated goods from being dumped in any number of United States landfills.

In September 2022, Mid-West Textile completed its first acquisition under Ancor’s ownership with the purchase of EZ Drop Springfield, a Missouri-based private donation collection organization. EZ Drop Springfield has about 300 donation drop boxes across the Joplin/Springfield area and collects in excess of 6 million pounds of donated goods per year. The acquisition of EZ Drop Springfield supports Mid-West Textile’s environmentally responsible mission to reduce post-consumer waste by developing a meaningful donation collection effort of their own.

“Adding these companies to Ancor’s portfolio aligns with our strategy of investing in successful companies and accelerating their position in their key markets,” said J. Randall Keene, Ancor Founding Partner. “We want to thank our trusted partners and exceptional team for a successful year. We are excited to see what new opportunities develop in 2023 and remain committed to collaborating with our current partners to optimize business and maximize growth.”

In addition to the acquisition activity noted above, Ancor sold two portfolio companies across 2022 which generated highly attractive returns for investors, CQ Home Health and Transhield Inc. During Ancor’s ownership, CQ Home Health transitioned from primarily providing geriatric care to offering specialized treatment plans to various patient groups requiring home services. Transhield is a manufacturer of customized, proprietary covers and shrinkable protective packaging for the marine, industrial, military, and concrete end markets and was sold to Patrick Industries, Inc. in late 2022.

As part of its mission to build and retain an exceptional team, Ancor made several key hires and promotions. Austin Henderson moved into his new role as Partner from his previous position as Principal, and Mike Reap was promoted to Vice President from Senior Associate.

Lisa Lucky joined the team as Office Manager and Executive Assistant, overseeing Ancor’s day-to-day operations. Caden Jackson was also hired as an Analyst after completing a successful internship with the company.

“Our Ancor team members are our most valued asset. They are the foundation to our success and great culture,” said Timothy J. McKibben, Ancor Founding Partner. “We are proud to welcome and recognize these employees who integrate our guiding principles of passion, process, purpose, and people in everything they do for our partners, the company, and their colleagues.”

About Ancor Capital Partners

Headquartered in the Dallas area, Ancor Capital Partners is an operations-based private investment firm that is focused on making control equity investments in profitable lower-middle-market companies. With over 30 years of investing experience, Ancor looks to acquire businesses with a history of profitable operations and an established EBITDA of $5.0M - $15.0M. With a proven track record of 58 successful acquisitions to date, Ancor targets investments in the healthcare, industrial, consumer staples, and emerging industries.

Ancor focuses on helping companies reach their next level of growth by being a value-added investor that supports the growth of lower-middle market companies through their capital, experience, and professional relationships. As a seasoned operating partner, Ancor works to operationally optimize businesses, maximize growth opportunities, and instill a lasting culture. Ancor’s investment team has managed investments through all economic cycles with a long track record of various operational leadership roles. Ancor views itself as more than just capital as the growth of our portfolio companies is as important as the natural rapport we build with sellers and management teams. Ancor especially takes a purposeful approach to instilling a healthy corporate culture across the companies we partner with. For more information, please visit: www.ancorcapital.com.

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