Industry Focus
Companies

Investment Date: November 2017
Exit Date: September 2022
Location: Tampa, FL
Sector: Consumer
www.arknaturals.com
Founded in 1996, Ark was an early pioneer in the natural pet health category. The Company’s full product line addresses remedy, health, and lifestyle products for dogs and cats. Ark’s products are developed in conjunction with leading holistic pet veterinarians giving them distinct points of differentiation in the marketplace.
Azalea invested in Ark Naturals in partnership with CPG executive, Michael Stoeckle.

Investment Date: May 2016
Location: Rockford, IL
Sector: Consumer
www.jonesnaturalchews.com
Jones Naturals is a manufacturer of premium, all-natural dog treats and chews sold through pet, farm, hardware, and other retail stores nationally, including Tractor Supply, Blain’s Farm and Fleet, PetSmart and others. The Company’s products are all-natural and 100% sourced and manufactured in the USA, a distinction held exclusively by Jones. The Jones family has six generations of meat manufacturing expertise and all manufacturing and packaging is completed in-house at the Company’s facilities in Rockford, IL.
Azalea invested in Jones Natural Chews in partnership with Michelle Higdon.

Investment Date: April 2015
Location: Houston, TX
Sector: Aerospace Operations & Aviation Services
www.intechaero.com
InTech Aerospace was founded in 1998 and is headquartered in Houston, Texas. InTech refurbishes and retrofits aircraft interior components, such as seats, floor panels, windows, wall panels, trays, kitchens, galleys, and lavatories. InTech’s client list includes regional airlines, mainline carriers, large OEM’s, aircraft leasing companies, and major MRO facilities. Known as the “interior experts,” Intech Aerospace has teams of highly experienced craftspeople and technicians to fulfill most interior component need.
Azalea invested in InTech in partnership with Steve Townes of Ranger Aerospace.

Investment Date: March 2012
Location: Washington, DC
Sector: Litigation Support Services
www.discovermodus.com
Founded in 2008, Modus provides law firms, corporations, and government entities industry-leading technology solutions encompassing all phases of the litigation lifecycle. Modus is a client-focused, results-driven team of consultants, project managers, data engineers and developers whose combined knowledge of the legal industry and information systems provide an incomparable ability to design solutions tailored to meet the uniqueness of every case.

Investment Date: March 2016
Exit Date: April 2021
Location: Greenville, SC
Sector: Aerospace
www.aclairshop.com
ACL Airshop manufactures air cargo nets, straps and assemblies and sells, leases and repairs air cargo unit loading devices (“ULDs”). ULDs are broadly defined as any platform used to facilitate the movement of air cargo. ACL maintains the industry’s largest fleet of ULDs available for one way, short-term and long-term lease. The Company is headquartered in Greenville, SC with cargo support operations at more than half of the world’s Top 100 cargo airports on 6 continents. Logistics services include real-time tracking & tracing of ULDs, and other technology enabled innovations.
Azalea invested in ACL Airshop in partnership with Steve Townes of Ranger Aerospace.

Investment Date: December 2012
Exit Date: July 2022
Location: Cape Coral, FL
Sector: Industrial
www.powerservicesgroup.com
Power Services Group is a holding company with three subsidiaries:
- AIRCO
- Orbital Energy Services
- Turbine Generator Maintenance
PSG offers turnkey solutions for maintenance, repair and overhaul of steam, gas, wind turbines and balance of plant equipment.

Investment Date: December 2007
Exit Date: February 2015
Location: Charlotte, NC
Sector: Infrastructure Services for the Wireless Industry
www.etaksystems.com
ETAK Systems, Inc. located in Charlotte, NC provides DC power installations, battery maintenance/testing, and engineering services to the wireless communications industry. ETAK’s broad capabilities include consulting to properly size new installations, Engineering/Furnishing and Installing (EF&I) new equipment, providing emergency repairs when necessary, battery maintenance and testing, and audits to ensure equipment is working as designed over its lifetime of operation. Over the last ten years, ETAK has built a solid reputation serving the needs of the nation’s largest wireless carriers from four distribution points located in Charlotte, Columbus, OH, Chicago, Los Angeles, and Atlanta.

Investment Date: December 2010
Exit Date: November 2013
Location: Richmond, VA
Sector: Healthcare Project Management
Founded in 1986, KLMK Group, Inc. provides innovative facility solutions to healthcare providers nationwide. KLMK’s dynamic team of experienced and multidisciplinary professionals provides independent, objective and professional advice to healthcare providers involved in the launch, management, and transition of facilities and capital projects. With offices in Richmond, VA; Atlanta, GA; Birmingham, AL; Houston and Dallas, TX, KLMK’s consulting staff supports a variety of healthcare capital projects throughout the U.S.

Investment Date: August 2006 & June 2011
Exit Date: December 2013
Location: Atlanta, GA
Sector: Flexible Packaging
Founded in 1967, Star Packaging Corp. is a leading provider of flexographic printing, converting, and laminating for both the industrial and consumer packaging markets. Simultaneous to the acquisition, Azalea merged Star Packaging with existing portfolio company Master Packaging, Inc. (located in Tampa, FL). The combined industry expertise and state-of-the-art manufacturing capabilities provide customers quality, innovation, and speed to market with a broad line of flexible packaging solutions.

Investment Date: September 2009
Exit Date: May 2011
Location: Greenville, SC
Sector: Automotive
SAGE Automotive Interiors, Inc. is a leading designer and manufacturer of automotive body cloth – seating fabric, door panels, and headliners. The Company serves major Original Equipment Manufacturers, such as GM, Toyota, Ford, Honda, Chrysler, Nissan, and Hyundai/Kia. SAGE has a broad global presence with manufacturing assets located in five plants in North America (SC & GA) and one in Brazil, with additional contract manufacturing arrangements in Europe, Japan, and China. In September 2009, Azalea partnered with management to purchase SAGE from Milliken & Co., where it was known as the Automotive Body Cloth Division.

Investment Date: May 2007
Exit Date: May 2015
Location: Palm Coast, FL
Sector: Liquid Packaging for Consumer Products
http://www.sunbeltchemicals.com
Sunbelt Chemicals Corp. is a custom packager and distributor of both branded and private label chemicals for the consumer market and has operations in Florida and Texas. Company products include swimming pool chemicals, windshield washer fluid, cleaners, degreasers, and solvents. Sunbelt provides products on a just-in-time basis to major retailers, home improvement stores, swimming pool supply distributors, auto parts stores, and hardware supply distributors throughout the U.S.

Investment Date: March 2005
Exit Date: December 2009
Location: Spartanburg, SC
Sector: Food Products Manufacturer
Founded in 1983, Spartan Foods of America, Inc. manufactures and distributes gourmet pizza crusts and ready-made pancakes, both of which are sold under the Mama Mary’s® brand name at some 20,000 retail locations throughout the U.S. Spartan also makes frozen pizza crusts and frozen pancake products, which are distributed through various institutional, food service, and vending channels in the U.S. Spartan Foods also manufactured and distributed frozen pizza products under the Mystic Pizza brand.

Investment Date: February 2003
Exit Date: August 2007
Sector: Power Plant Services
Founded in 2000, Power Equipment Maintenance provides maintenance and repair services to major power producing utilities, as well as major power generation and industrial OEMs. Services include turbine-generator inspection and repair, turnkey projects, long-term and shut down staff augmentation, equipment installation, refurbishment, and relocation.

Investment Date: March 2003
Exit Date: May 2005
Sector: Specialty Metal Fabrication
Canterbury Engineering Company, and its sister company, Genca are the nation’s leading suppliers of engineered parts used by manufacturers of plastic and rubber products. Their products consist of replacement parts and include feed screws, barrels, cross heads, and tooling for wire and cable, medical tubing, and plastic pipe and hose extrusion, as well as feed screws and barrels for injection molding. Azalea partnered with existing ownership to recapitalize the business in March 2003.

Investment Date: January 2001
Exit Date: June 2010
Sector: Film Extrusion for Flexible Packaging
ISO Poly Films, Inc. is a custom extruder of polyolefin film for critical applications, serving customers throughout the United States. Primary customers are converters in the Flexible Packaging Industry which use this film to make packaging for various applications in the consumer and industrial markets. In January 2001, Azalea provided growth equity for this growing industrial business.

Investment Date: December 2001
Exit Date: January 2006
Sector: Technology Products Distribution
Tekgraf Corporation is a value added, master distributor of advanced computer graphics technologies with sales offices, warehouses, and demonstration facilities located throughout the United States. In December 2001, Azalea partnered with the existing management team of the Channels division of Centiv, Inc. to purchase the Channels division.

Investment Date: March 2001
Exit Date: November 2005
Sector: Industrial Textiles
Industrial Specialty Fabrics, Inc. is a manufacturer of engineered, wide woven substrates to the mechanical rubber goods market, primarily to the conveyor belt industry, with a focus in the heavy industrial (mining) segment. Azalea created Industrial Specialty Fabrics, Inc. in early 2001 to consummate the acquisition of substantially all the assets and specified operating liabilities of the Industrial Products Division of WesTek, Inc., located in Hogansville, GA.

Landscaping Equipment & Supplies
Investment Date: January 2023
Location: Greenville, SC
Sector: Consumer
www.landscapers-supply.com
Founded in 1991 by owner Mark Ells, who remains an owner in the business, Landscapers Supply offers high-end equipment and repair services, as well as seed, fertilizer, mulch, firewood, stone, and various irrigation products across its five locations to meet the needs of commercial and residential landscaping contractors. Landscapers Supply began with one location in Greenville, SC. Since that time, four additional sites opened in Simpsonville, Easley, Anderson, and Greer, SC. A sixth location, in Seneca, SC, is scheduled to open in the spring of 2023. At three of these locations (Greenville, Easley, and Greer) an Ace Hardware store is co-located at the Landscapers Supply site.
The company also meets the traditional hardware needs of retail customers within its service area through its Ace Hardware stores. Landscapers Supply offers industry leading mowers and maintenance tools from suppliers such as SCAG, Toro, Stihl, and Husqvarna, and is a major regional dealer for Big Green Egg, Weber and Traeger grill products.