Firm Completes Two Exits, One New Investment and One Additional
Funding Round
New Website Incorporates Updated Brand Positioning to Reflect
Investment Legacy and Go-forward Strategy
LITTLE ROCK, Ark.–(BUSINESS WIRE)–The Stephens Group, LLC, a private, family-owned investment firm, today
provided an overview of the various business activities undertaken by
the firm during the first half of 2019.
Regarding deal activity, in mid-January, The Stephens Group announced
that it completed the sale of its interests in NSC Minerals, a
market-leading provider of salt products in Western Canada and the North
Central United States, to Kissner Group Holdings. Just over a week
later, the firm announced
that it committed additional capital to its current portfolio company CS
Disco, a legal technology company, which raised an additional $83
million led by Georgian Partners to bring the company’s total funding to
$135 million. On February 20, The Stephens Group completed
the sale of its interests in Kodiak Gas Services, the largest
privately owned and third largest compression company in the United
States, to EQT Infrastructure. Most recently, in late March, the firm acquired
Sound Seal Holdings, a Massachusetts-based manufacturer of
acoustical noise control solutions.
“The first half of the year was a busy and successful period for the
entire Stephens Group team, which worked diligently to complete a number
of critical transactions,” said Witt Stephens, Jr., Chief Executive
Officer & Co-Chairman of The Stephens Group. “As we continue charging
ahead, we will focus our investment efforts on commercial and industrial
products and services, food and consumer products, and software and
technology-enabled services. We believe these sectors are ripe for
opportunity and growth, and fit within our evolving core strategy. As we
have throughout our long history, we will also remain opportunistic in
evaluating compelling situations that are well suited for our firm. We
are confident 2019 will continue to be active for us as we seek to
execute on both strategic investments and partnerships with high quality
businesses and management teams.”
In addition to The Stephens Group’s investment activity, the firm
recently unveiled a new
website and updated brand positioning. The new website and
positioning reflect the firm’s enduring values and innovative strategy.
The improved, mobile-ready website highlights The Stephens Group’s
investment approach, team and areas of focus, as well as developments at
The Stephens Group and its portfolio companies.
Mr. Stephens continued, “The Stephens Group was formally founded in
2006, but our family’s history of investing in and partnering with great
companies and entrepreneurs spans nearly nine decades. We are proud of
the businesses we have built and continue to grow, and we recognize the
need to evolve in order to compete in today’s ever-changing marketplace.
Our new website pays homage to our past and positions us well for the
future.”
About The Stephens Group
The Stephens Group, based in Little
Rock, AR, is a private, family-owned investment firm that partners with
talented management teams to help build valuable businesses. Backed by
the resources of the Stephens family, which has worked with founders and
businesses for nearly 90 years, The Stephens Group provides
sophisticated, strategic expertise and takes a partnership approach to
help companies successfully achieve their business goals and build
long-term value. With over $1 billion invested since 2006, The Stephens
Group targets investments in industries across the U.S., including
industrial and commercial products and services, specialty distribution,
B2B food and consumer products, and technology infrastructure and
tech-enabled services, as well as select opportunistic situations. For
more information, please visit www.stephensgroup.com.
Contacts
Ronald M. Clark
Chief Operating Officer & General Counsel
(501)
377-3401
[email protected]
Zachary
Tramonti
BackBay Communications
(617) 391-0797
[email protected]
