Rockmont invests in a wide range of industries and has the ability to structure its investments in a variety of ways. Following are examples of portfolio companies in which Rockmont and its principals have made investments:
Timpte Industries, Inc.
Timpte is the leading United States manufacturer of grain trailers. Timpte was formerly an underperforming division of a large public company that manufactured a broad line of transportation equipment. After the acquisition, several low-margin product lines were divested, allowing Timpte to successfully focus on building its leading market share in its core segment. Tom Gamel has owned Timpte for over 45 years, demonstrating our long-term investment focus.
Western Industrial Contractors, Inc.
Western Industrial Contractors is a Denver based industrial contracting company. The Company specializes in providing integrated design, engineering, fabrication, installation and integration services for complex machinery and material handling systems on behalf of large customers in a diversified group of industries. Key customers include the United States Postal Service, Siemens, United Parcel Service, airport authorities across the United States, Coors, Rexam, Ball Corporation, Safeway, Kroger, Frito-Lay, XCel Energy, PacifiCorp Energy and others. Rockmont purchased the company in partnership with the senior management team, and the company has achieved record levels of revenue and profitability since the acquisition. All employees participate in the financial success of the company through an Employee Profit Ownership Program which we implemented when we made our investment in partnership with the management team.
UAT is a Denver financial services holding company that provides cost-saving and trading automation tools to the asset management industry. UAT delivers its products through a partnership with Bloomberg Tradebook, a division of Bloomberg L.P., which is one of the leading technology and information providers to the financial services industry. Rockmont provided equity capital to the company to support its growth.
Colorado River Cattle Ranch, LLC
The Colorado River Cattle Ranch is a 2,200 acre working ranch located in Grand County, Colorado. It borders over 2 miles of the headwaters of the Colorado River, and has been a premier hay and cattle operation since the 1800’s. In addition to continuing the agricultural operations, we are restoring and enhancing historic wetlands and streams on the property through the phased development of the largest wetlands mitigation bank in the Rocky Mountain Region. We are also a partner in developing reservoirs to store senior water rights in the Upper Colorado River Basin, in order to protect valuable water resources for use in Western Colorado.
HealthcareReports.com provides solutions to hospitals to improve their cash flow. The company's solutions include document imaging, retrieval, and revenue optimization from insurance companies and other third-party payers. The turnkey solutions dramatically enhance the operating performance of hospital business offices. The company services individual hospitals as well as large national hospital chains throughout the United States. Rockmont provided the company with capital to finance its rapid growth.
Rockmont Oil Properties, LLC
Rockmont Oil Properties was established to make selected investments in the oil industry. Rockmont Oil has participated in over 75 horizontal wells in the Bakken formation in North Dakota, which is the largest domestic oil field discovered in the past several decades. Our operating partners represent 7 of the top 20 oil producing companies in North Dakota, and their expertise was instrumental in successfully executing the strategy. We recently sold our portfolio at an attractive price to an investment group, and we continue to look for additional opportunities to invest with seasoned management teams in the industry.
Rockmont Management Partners, Ltd.
Rockmont Management is an investment company that specializes in identifying and capitalizing on opportunities in the public equity markets. Rockmont builds positions in public companies either passively, or as the catalyst to maximize value for the entire shareholder group. Our goal is to invest our capital as well as our expertise, and provide significant value to the Board of Directors, management team and shareholders. We have successfully deployed the strategy in a several situations, and delivered value to the constituent groups. We are actively seeking additional opportunities to partner with public companies that are seeking to create value.
SpeeCo is a leading manufacturer of agricultural implements and tractor replacement parts. The company serves the large and growing market for hobby farmers and others that own acreage outside of urban areas. The company's customer base includes farm and ranch stores as well as Original Equipment Manufacturers that supply this market. Rockmont partnered with another leading private equity firm and the senior management team to purchase a majority stake in the company from the retiring owner, and recruited a new CEO to the company to accelerate its growth. The company has grown substantially, and has achieved record revenue and profitability since the investment was made. After achieving significant growth in revenue, profitability and value, the management team expressed their desire to obtain liquidity, thus we worked with them to sell the business. In the transaction, the management team was able to generate significant personal net worth, as well as continue to participate in the ownership of the company going forward.
Western Fasteners, LLC
Western Fasteners is a leading distributor of construction fasteners in the Western United States. Rockmont purchased the company in partnership with the key management and employees of the predecessor company. Rockmont worked with management to significantly improve the financial and operating performance of the company, and its operating margins exceeded 250% of the industry average. We sold Western was sold to a division of Home Depot at a very attractive price, and the company's management and employees are continuing with the new owner in key roles.
Cheetah Advanced Technologies, Inc.
Cheetah is the leading provider of enterprise software solutions to the heavy construction industry. Rockmont provided equity to the company to accelerate its growth, and assisted the company in recruiting a key operating executive with substantial industry expertise. Principals of Rockmont were active board members working with the management shareholders to provide strategic assistance as the company executed its growth plan. Cheetah was named one of Colorado's Fastest Growing Technology Companies in Deloitte & Touche's Technology Fast 50 Program. Cheetah was sold to a strategic acquirer at an attractive price.
Polarfab is a semiconductor manufacturing company. Formerly a division of Control Data Corporation, Polarfab manufactures integrated circuits for data storage and other industries. Rockmont participated as an investor in an equity recapitalization of the company to provide liquidity for the existing owners/managers and to position Polarfab for future growth. Polarfab sold its data storage chip business to Lucent Technology for in excess of $100,000,000 in cash, and the management continues to own the company and supply product to Lucent and other strategic customers.
Sunshine Paper Company
Sunshine is a manufacturer of several lines of specialty paper products that are marketed to the commercial printing industry, both domestically and internationally. The company has a 70% share of the United States market in its niche. Rockmont purchased the company from its founders, and substantially increased the equity value of the company during its ownership. Sunshine was sold at an attractive price to its leading international competitor.
DataInsight developed database solutions to leverage Internet traffic and customer marketing data. The company provided products and solutions to Fortune 500 and leading Internet companies, helping make their strategic marketing efforts more efficient and effective. Rockmont provided the company with capital to finance its early stage growth. The company was sold at a substantial profit to a large public media company.