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FTCA, Inc. Acquires Fleetwood Folding Trailers, Inc.
Posted: 05/13/2008
Somerset, PA., May 12, 2008 – FTCA, Inc. a subsidiary of Blackstreet Capital Partners, a Bethesda, MD-based private equity fund, has purchased Fleetwood Folding Trailers, Inc. (FFT) from Fleetwood Enterprises, Inc. of California. Founded in 1967 Fleetwood Folding Trailers, Inc. is recognized as a world class leader in folding camping trailers and is known for its exceptional quality and customer service throughout the world.
Since its founding, Fleetwood Folding Trailers has earned a reputation for producing high quality, and innovative products. The company’s premier brands include the Highlander Series, Americana Series, Destiny Series, and the Evolution Series known for its unique adventure style and utility.
"Working with the talented team at FTCA, Inc. as well as the dedicated network of dealers across the country, we see many exciting opportunities, said Aldus Chapin, President of Fleetwood Folding Trailers. Under new ownership, we see an opportunity to strengthen our position as a world class leader in the folding trailer market.”
Murry N. Gunty, Managing Partner of Blackstreet Capital said, “We are thrilled to complete the purchase of Fleetwood Folding Trailers and excited about the future of the company.”
About Blackstreet Capital Blackstreet Capital Partners, LLC
www.blackstreetcapital.com is a Bethesda, MD based private equity firm with $88 million of capital under management. Blackstreet focuses on control buyouts of companies that are either underperforming, in out-of-favor industries or are undergoing some form of transition. Blackstreet seeks investments in a range of industries, including manufacturing/distribution, restaurants, specialty retail, business services and health care.
About Fleetwood Folding Trailers, Inc. Fleetwood Folding Trailers, Inc.
www.fleetwoodcampingtrailers.com is based in Somerset, PA. Founded in 1967 at it current location Fleetwood Folding trailers manufacturers 21 different styles of folding campers. Fleetwood’s product line enjoys a loyal customer following, and an exceptional dealer network. The brand is recognized as the best in the folding trailer market, and continues to lead the industry in product innovation, and new designs.
FTCA, INC., MANUFACTURER OF FLEETWOOD® FOLDING CAMPING TRAILERS, ANNOUNCES LICENSING AGREEMENT WITH COLEMAN
Posted: 08/05/2008
SOMERSET, PA., Aug. 5, 2008 FTCA, Inc., the manufacturer of North America’s best selling folding camping trailers, today announced that it has signed a trademark licensing agreement with The Coleman Company, Inc. Originally a ision of Coleman, FTCA’s folding camping trailers will once again feature the Coleman brand under the terms of this agreement.
“Rejoining this skilled manufacturer’s pedigreed products with the legendary Coleman brand is a momentous step in reinvigorating this company and creating value for our investors,” said Murry N. Gunty, Managing Partner of Blackstreet Capital, Bethesda, Md., the private equity group which acquired FTCA, Inc., from Fleetwood Enterprises, Riverside, CA, in May 2008.
With its portfolio of lightweight, easy-to-tow and stow-folding camping trailers once again displaying the Coleman brand, FTCA is poised to prosper at a time when high gasoline prices have contributed to a significant slowdown in the RV market and a changing landscape of tow vehicles. FTCA believes this partnership represents a winning combination of product, branding and distribution ideally suited for the present and future camping marketplace.
“This branding partnership, along with our recapitalization of the ision and aggressive focus on innovation and quality, re-establishes the solid foundation and successful formula this great company was built upon,” said Aldus H. Chapin II, Managing Director of Blackstreet Capital and Chairman of FTCA.
“Our hard working and highly skilled people take very seriously their long-standing reputation of building the finest folding camping trailers in the world, and they value the reputation of uncompromising quality that is synonymous with the Coleman brand. This is a much welcomed event for the dedicated people of this company and its many dealers,” added James Sylvester, President of FTCA, Inc.
About FTCA, Inc. Founded in 1966, FTCA originated as a ision of The Coleman Company, Inc., to manufacture folding camping trailers, with the first trailers rolling off the assembly line in 1967. In 1979 the company attained market share leadership and has never relinquished the position. Fleetwood Enterprises Inc. acquired the ision in 1989 to augment its position in the RV industry. As Fleetwood Folding Trailers, Inc., the ision continued the Coleman heritage of producing innovative high quality camping trailers, and with its customer satisfaction focused dealer network, achieved new market share heights. Today, FTCA designs, manufactures and distributes its folding camping trailers, such as the Destiny, Americana, Highlander and Evolution model lines, from its facility in Somerset, Pa., through a network of independent RV dealers around the world.
About Blackstreet Capital Blackstreet Capital Partners, LLC (
www.blackstreetcapital.com) is a Bethesda, MD based private equity firm with $88 million of capital under management. Blackstreet focuses on control buyouts of companies that are either underperforming, in out-of-favor industries or are undergoing some form of transition. Blackstreet seeks investments in a range of industries, including manufacturing/distribution, restaurants, specialty retail, business services and health care.