PHILADELPHIA, February 22, 2010 – LINE-X, a portfolio company of Graham Partners has completed a consolidation of its domestic operations by partnering with its last remaining domestic master franchisor, LINE-X West. In conjunction with this transaction, Mark Hilliard, founder, former CEO and owner of LINE-X West, joined LINE-X’s executive team.
This transaction successfully concludes one of Graham Partners’ core strategic initiatives for LINE-X. In the second half of 2009, LINE-X joined up with Advanced Protective Coatings and Northwest Urethane, its other two largest master franchisors. The LINE-X West partnership marks the completion of the integration of domestic operations under LINE-X. Associated with these partnerships have been the additions of the master franchisors’ former owners to the LINE-X executive team. LINE-X is a global provider of specialty protective coatings through a franchise network, utilizing a proprietary polyurethane formulation, which is principally used to make branded spray-on pick-up truck bedliners and other industrial protective coatings.
About Graham Partners (www.grahampartners.net): Graham Partners is a leading, lower middle market industrial private equity firm based in suburban Philadelphia with over $1.5 billion under management. Graham Partners is sponsored by the privately held Graham Group of York, Pennsylvania, an industrial and investment concern with global interests in plastics, packaging, machinery, building products and outsource manufacturing. Graham Partners seeks to acquire industrial companies with revenues between $30 million and $500 million that participate in manufacturing niches where it can leverage its unique combination of operating resources and financial expertise.
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