Compact Power, Inc.
Fieldstone Partners was a founding investor in Compact Power, Inc. (“CPI”), a growing specialty construction equipment company based in Fort Mill, SC. CPI is led by Roger Braswell, a founding partner of LandCare USA, a commercial landscape company we helped create in 1997.
Our services to CPI have included:
- Helping with the formation and financing of PowerHouse Equipment, a predecessor company, in 2001
- Advising on the formation of CPI and a related equity and debt financing in December 2003
- Advising on the acquisition of Mertz Manufacturing in Ponca City OK in June 2004. Mertz is a manufacturer of CPI equipment and also of oilfield services equipment
- Advising on the acquisition of DOC Machine Tool Services in Rock Hill SC in February 2007
- Advising on a $21 million recapitalization in July 2007
- Advising on the recent acquisition of the outdoor equipment rental business of The Home Depot, which closed in October 2009, and related recapitalization of CPI.
