Montage Partners Successfully Exits Investment in Clowe & Cowan of El Paso, LLC
DEL PASO, TX – Montage Partners, a Scottsdale, Arizona-based private equity firm, announced today the sale of its interest in Clowe & Cowan of El Paso, LLC (“Clowe & Cowan” or the “Company”) through a recapitalization with Northstar Capital, a Minnesota-based mezzanine debt and equity investor.
Clowe & Cowan is a leading distributor of water pumps, pipe, valves and related water infrastructure equipment to utilities, utility contractors and mining companies in the U.S. and Mexico. With extensive supplier relationships and technical knowledge accumulated through four decades of experience, Clowe & Cowan is a trusted supplier to industrial and municipal markets, representing major brands of pumping equipment, water and wastewater technologies, and mining equipment.
Since acquiring the Company from its founder in 2010, Montage Partners worked closely with management to support operational and strategic growth initiatives aimed at strengthening the business and accelerating revenue and EBITDA growth. The Company’s revenue grew more than 60% and EBITDA more than doubled during Montage’s ownership.
Montage Partners was represented by the law firm Brier, Irish, Hubbard & Erhart, PLC.
About Montage Partners
Founded in 2004 and headquartered in Scottsdale, Arizona, Montage Partners is a people-first private equity firm dedicated to helping established businesses reach transformative growth. Montage Partners invests in companies in diverse industries, including business services, consumer, healthcare, industrial and technology. Above all other investment criteria, Montage Partners invests in exceptional people. Montage Partners is actively seeking new investments in companies in the U.S. with EBITDA between $1 million and $5 million.