First Capital Partners Invests in Calcium Products, Inc. and Century Tool and Gage Co.
First Capital Partners Invests in Calcium Products, Inc. and Century Tool and Gage Co.
We are pleased to announce our sixth and seventh investments from our $91 million Fund II:
Calcium Products, Inc.
We invested $8.0 million of mezzanine debt and equity in Calcium Products, Inc., a manufacturer of pelletized limestone and gypsum used as soil amendments primarily for agriculture. The company was founded in 1987 and is headquartered in Gilmore City, Iowa. Our investment facilitated a change of ownership from the founder to members of the management team and other investors, including First Capital Partners.
Century Tool and Gage Co.
We completed a $1.85 million follow-on investment of mezzanine debt and equity in Century Tool and Gage Co., which is an existing portfolio company. Century is based in Fenton, Michigan and manufactures large compression molds used in the automotive, heavy truck and industrial sectors. Our latest investment supported Century's acquisition of Bel-Kur, Inc., a manufacturer of secondary tooling fixtures that work in tandem with Century's core products and are sold to many of the same customers. Bel-Kur is located in Temperance, Michigan.