User:AcquisitionGuru/Empire Investment Holdings: Difference between revisions

AcquisitionGuru/Empire Investment Holdings
Industry	Private Equity
Founded	2003
Founder	David Alfonso, Chairman & CEO
Headquarters	Miami, Florida
Key people	Gene Bardakjy; Michael Greif; Chris Cummings; Paul Miller;
Number of employees	800
Website	www.empireih.com

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Empire Investment Holdings is a private equity investment firm founded by David Alfonso in 2003. Empire utilizes an acquisition and operational strategy targeting non-core business units of public and private companies. The firm employs in-house specialists with experience in corporate carve-outs in order to ensure post-close business continuity. This organizational structure was created in such a way to allow Empire the ability to transition its newly acquired businesses, reduce the effect of the tie-backs to the acquired business’ previous corporate parent and create stand-alone operations. Empire generates returns for its investors through its acquisition and operational expertise in conjunction with its management oversight.^[1]

History

Empire Investment Holdings (“Empire”) was founded 2003 by David Alfonso. Since inception, the firm has been based in South Florida and is currently headquartered in Miami, FL. Prior to its first acquisition, Empire assembled a team of investment and operations professionals^[2], replicating the functional areas utilized by large corporations. Its first acquisition was in 2005 of the technology solutions division being divested by IKON Office Solutions^[3]. Empire deployed its operations team to lead the carve-out of the division, one that was deeply ingrained in shared facilities and relied on a number of corporate services provided by the former parent. In 2006, Empire acquired Teleflex’s medical sterilization division^[4], a non-core business unit slated for divestiture. As part of the new strategic direction given to the business, it was renamed using its founding acronym MSI Surgical Solutions. Empire purchased 5 operating units from the Textile and Fiber division of Leggett & Platt in November of 2008^[5], one of very few LBOs completed around that time due to the Financial Crisis of 2007-2010. Rebranded as Polyester Fibers, the acquisition comprised many highly recognizable brands including Buffalo Snow and Mountain Mist. Empire utilized transition services while it separated several shared functions between the former parent and the business to create a stand-alone organization including: treasury, IT, marketing and legal. In 2009, Inc. Magazine recognized Empire as one of the fastest growing private companies in the United States. ^[6]

Investment Strategy

Empire Investment Holdings has had success due to its ability to rapidly transform under-managed businesses utilizing an in-house team that possesses the core competencies of a corporate management team. The firm’s strategy is that of an intimate and engaged owner rather than a passive observer. Because Empire’s focus is on long-term and lasting growth instead of predefined exits, it continues to invest in its portfolio companies on multiple levels including capital investments, the dedication of the firm’s executives for operational and strategic influence and investments in human capital in order to strengthen existing portfolio management.^[7] While the firm does not target particular industries, it adheres to a defined investment strategy that outlines the characteristics of its potential targets.

Investments

Up to this point, each of Empire’s acquisitions are from what are, or were at one time, Fortune 500 sellers. IKON Office Solutions is a provider of document management systems and services. Teleflex Incorporated is a diversified manufacturer serving the Aerospace and Commercial markets in addition to its significant presence in Healthcare. Leggett & Platt is North America’s leading independent manufacturer of components for residential furniture, bedding and office furniture; drawn steel wire; automotive seat support and lumbar systems; carpet underlay; adjustable beds; and machinery for the bedding industry.

Current Portfolio of Operating Units

Buffalo Batt (2008)
Cameo Fibers (2008)
Cumulus Fibres (2008)
Mountain Mist (2008)
MSI Surgical Solutions (2006)
Tupelo Fibers (2008)
VITEC Solutions (2005)

External links

Corporate website

[1] ttp://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=10264674

[2] ttp://empireih.com/news_101104.html

[3] ttp://www.encyclopedia.com/doc/1G1-131257058.html

[4] ttp://www.buyoutsnews.com/Journals/Thomson_US/Buyouts/Buyouts_-_Jan_08_2007/attachments/Deals%20list%202006.pdf

[5] ttp://www.lazardmm.com/news/news_detail.cfm?CAMPAIGN_ID=1828

[6] ttp://www.inc.com/inc5000/2009/company-profile.html?id=200929400

[7] ttp://www.unlockwallstreet.com/companies/empire-investment-holdings

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-'''Empire Investment Holdings''' is a [[private equity]] investment firm founded by [[David Alfonso]] in 2003.  Empire utilizes an acquisition and operational strategy targeting non-core business units of public and private companies.  The firm employs in-house specialists with experience in corporate carve-outs in order to ensure post-close business continuity.  This organizational structure was created in such a way to allow Empire the ability to transition its newly acquired businesses, reduce the effect of the tie-backs to its previous corporate parent and create stand-alone operations.   Empire generates returns for its investors through its acquisition and operational expertise in conjunction with its management oversight.
+'''Empire Investment Holdings''' is a [[private equity]] investment firm founded by [[David Alfonso]] in 2003.  Empire utilizes an acquisition and operational strategy targeting non-core business units of public and private companies.  The firm employs in-house specialists with experience in corporate carve-outs in order to ensure post-close business continuity.  This organizational structure was created in such a way to allow Empire the ability to transition its newly acquired businesses, reduce the effect of the tie-backs to the acquired business’ previous corporate parent and create stand-alone operations.   Empire generates returns for its investors through its acquisition and operational expertise in conjunction with its management oversight.<ref>http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=10264674 </ref>
 == History ==
-Empire Investment Holdings (“EIH”) was founded 2003 by [[David Alfonso]].  Since inception, the firm has been based in South Florida and is currently headquartered in Miami, FL.  Prior to its first acquisition, Empire assembled a team of investment and operations professionals, replicating the functional areas utilized by large corporations.  Its first acquisition was in 2005 of the technology solutions division being divested by IKON Office Solutions.  EIH deployed its operations team to lead the carve-out of the division, one that was deeply ingrained in shared facilities and relied on a number of corporate services provided by the former parent.  In 2006, Empire acquired Teleflex’s medical sterilization division, a non-core business unit slated for divestiture.  As part of the new strategic direction given to the business, it was renamed using its founding acronym MSI Surgical Solutions. Empire purchased 5 operating units from the Textile and Fiber division of [[Leggett & Platt]] in November of 2008, one of very few [[Leveraged buyout | LBOs]] completed around that time due to the [[Financial Crisis of 2007-2010]].  Rebranded as Polyester Fibers, the acquisition comprised many highly recognizable brands including Buffalo Snow and Mountain Mist.  Empire utilized transition services while it separated several shared functions between the former parent and the business to create a stand-alone organization including: treasury, [[Information Technology | IT]], marketing and legal.
+Empire Investment Holdings (“Empire”) was founded 2003 by [[David Alfonso]].  Since inception, the firm has been based in South Florida and is currently headquartered in Miami, FL.  Prior to its first acquisition, Empire assembled a team of investment and operations professionals<ref>http://empireih.com/news_101104.html</ref>, replicating the functional areas utilized by large corporations.  Its first acquisition was in 2005 of the technology solutions division being divested by IKON Office Solutions<ref>http://www.encyclopedia.com/doc/1G1-131257058.html</ref>.  Empire deployed its operations team to lead the carve-out of the division, one that was deeply ingrained in shared facilities and relied on a number of corporate services provided by the former parent.  In 2006, Empire acquired Teleflex’s medical sterilization division<ref>http://www.buyoutsnews.com/Journals/Thomson_US/Buyouts/Buyouts_-_Jan_08_2007/attachments/Deals%20list%202006.pdf</ref>, a non-core business unit slated for divestiture.  As part of the new strategic direction given to the business, it was renamed using its founding acronym MSI Surgical Solutions. Empire purchased 5 operating units from the Textile and Fiber division of [[Leggett & Platt]] in November of 2008<ref>http://www.lazardmm.com/news/news_detail.cfm?CAMPAIGN_ID=1828</ref>, one of very few [[Leveraged buyout | LBOs]] completed around that time due to the [[Financial Crisis of 2007-2010]].  Rebranded as Polyester Fibers, the acquisition comprised many highly recognizable brands including Buffalo Snow and Mountain Mist.  Empire utilized transition services while it separated several shared functions between the former parent and the business to create a stand-alone organization including: treasury, [[Information Technology | IT]], marketing and legal.  In 2009, [[Inc. (magazine) | Inc. Magazine]] recognized Empire as one of the fastest growing private companies in the United States. <ref>http://www.inc.com/inc5000/2009/company-profile.html?id=200929400</ref>
 == Investment Strategy  ==
+Empire Investment Holdings has had success due to its ability to rapidly transform under-managed businesses utilizing an in-house team that possesses the core competencies of a corporate management team.  The firm’s strategy is that of an intimate and engaged owner rather than a passive observer.  Because Empire’s focus is on long-term and lasting growth instead of predefined exits, it continues to invest in its portfolio companies on multiple levels including capital investments, the dedication of the firm’s executives for operational and strategic influence and investments in human capital in order to strengthen existing portfolio management.<ref>http://www.unlockwallstreet.com/companies/empire-investment-holdings</ref>
-Empire Investment Holdings has had success due to its ability to rapidly transform under-managed businesses utilizing an in-house team that possesses the core competencies of a corporate management team.  The firm’s strategy is that of an intimate and engaged owner rather than a passive observer.  Because Empire’s focus is on long-term and lasting growth instead of predefined exits, it continues to invest in its portfolio companies on multiple levels including capital investments, the dedication of the firm’s executives for operational and strategic influence and investments in human capital in order to strengthen existing portfolio management.
 While the firm does not target particular industries, it adheres to a defined investment strategy that outlines the characteristics of its potential targets.
 == Investments ==
 Up to this point, each of Empire’s acquisitions are from what are, or were at one time, [[Fortune 500 ]] sellers.  [[IKON Office Solutions]] is a provider of document management systems and services.  [[Teleflex Incorporated]] is a diversified manufacturer serving the Aerospace and Commercial markets in addition to its significant presence in Healthcare. [[Leggett & Platt]] is North America’s leading independent manufacturer of components for residential furniture, bedding and office furniture; drawn steel wire; automotive seat support and lumbar systems; carpet underlay; adjustable beds; and machinery for the bedding industry.
 ===Current Portfolio of Operating Units===
 * Buffalo Batt (2008)
@@ Line 36: / Line 30: @@
 ==External links==
-* [http://www.empireih.com] (Corporate website)
+*[http://www.empireih.com Corporate website]
-==References==
-<references/>
-[[Category:Private equity firms]]
-[[Category:Companies established in 2003]]
-{{Private equity firms}}