Best Vinyl Completes the Acquisition of Orange County, CA Based Saddleback Vinyl Products, Inc.

NEWPORT BEACH, Calif.--()--Best Vinyl Acquisition Corporation (Best Vinyl), a portfolio company of Marwit Capital Partners II, L.P. (MCP II), announced today that it has completed the acquisition of Saddleback Vinyl Products, Inc. (Saddleback Vinyl) of Santa Ana, California. Saddleback Vinyl is one of the largest installers of vinyl fence and related vinyl products in Southern California. Terms of the transaction were not disclosed.

Based in Salt Lake City, Utah, Best Vinyl is the largest independently owned vinyl fence installation and distribution company in the Western U.S. The Company currently has operating locations in Utah, Idaho, Hawaii and Southern California. The Companys products and services are supplied to diversified markets including residential, commercial, military/government and wholesale distribution customers throughout the Western U.S.

Scott Petersen, CEO of Best Vinyl, stated, The three founders that built Saddleback Vinyl Mike Martin, Alex Esparza, and Kelly Miller have done a terrific job in developing a leading market position in the vinyl fence business in Southern California. We are very excited that each of them have reinvested and will help drive our growth strategy in Southern California going forward. Chris Britt, Managing Partner at Marwit Capital, added, Vinyl fencing continues to be the most rapidly growing segment of the fencing market. Southern California has begun to adopt vinyl fencing in increasingly large numbers, so the acquisition of Saddleback Vinyl is a very timely addition to our expansion strategy. Thomas Dollhopf, Principal at Marwit Capital, commented, We are looking at several other opportunities in California and the West that could fuel our growth even further.

About Best Vinyl

Founded in 2000, Best Vinyl has grown to become the nations leading installer of vinyl fencing and related products such as decks, patio covers, and other outdoor related landscaping products. The company has experienced double digit sales growth in every year since inception and is one of the fastest growing companies in the Mountain West region. Best Vinyl was acquired and recapitalized by Marwit Capital in March 2007, in partnership with the Companys founders and senior management, providing growth capital and management expertise to drive an expansion strategy that is focused initially on the Western U.S.

About Marwit Capital

Based in Southern California since 1977, Marwit Capital is a private equity firm that invests in lower middle market micro cap businesses that are leaders in niche markets and have enterprise values generally less than $75 million at the time of acquisition. In all instances, Marwit partners with experienced CEO Partners and management teams that invest alongside the Fund, and actively collaborates with them to create value. Marwit specializes in management buyouts, buy and build industry consolidations, traditional LBOs and recapitalizations, and later stage growth and expansion investments. MCP II generally invests $10 to $25 million of equity capital per Portfolio Company, in one or a series of investments, and has invested more than $250 million since 1995. MCP II completed its final closing on August 15, 2007 at $183 million of committed capital.

Contacts

Marwit Capital
Carol Farrell, 949-861-3636
cfarrell@marwit.com

Contacts

Marwit Capital
Carol Farrell, 949-861-3636
cfarrell@marwit.com