Stamford, CT based Olympus Partners is pleased to announce that it has invested through Olympus Growth Fund V, L.P. approximately $110 million in equity capital to help finance the purchase of Norwesco, Inc. from Allied Capital Corporation (NYSE:ALD). Norwesco, Inc., headquartered in St. Bonifacius, Minnesota, is North America’s leading manufacturer of proprietary rotationally molded polyethylene tanks primarily for agricultural, water, closed-top industrial, and below-ground septic applications. Founded in 1939, the Company now has 17 facilities in North America.
Founded in 1988, Olympus Partners is a Stamford, Conn.-based private equity firm focused on providing equity capital for middle market management buyouts and for companies needing capital for expansion. Olympus is an active, long-term investor across a broad range of industries, including healthcare services, financial services, consumer products and business services. Olympus manages in excess of $3 billion on behalf of corporate pension funds, endowment funds and state-sponsored retirement programs.
The Olympus team included Manu Bettegowda, Mike Horgan, Sarah Betzwieser, and Mark Tamburello. Olympus was represented by John Schoenfeld and Jim Faley of Kirkland & Ellis LLP.
Please contact Rob Morris at (203) 353-5900 with any questions.