St. Louis, Missouri, May 2008
Capital For Business, Inc.® (CFB) announced today that it recently completed the management sponsored acquisition of Sheyboygan, Wisconsin based illuminated sign manufacturer Kieffer & Co., Inc. (“Kieffer”).
Established in 1959, Kieffer designs, manufactures, installs, and services high quality electric sign and display systems primarily to satisfy on-premise signage programs for large retailers, hotel chains, banks, and industrial companies. The Company offers a spectrum of cabinet signs, letter signs, awnings, and related products, some of which represent proprietary designs.
The acquisition included Company’s management, in conjunction with the private equity firms: CFB, St. Louis, Missouri; Bush O’Donnell Capital Partners, LLC, St. Louis, Missouri, and; Northstar Capital, LLC, Minneapolis. Minnesota. Matthew Mele, President of Kieffer commented, “The Kieffer management team couldn’t be more excited about this transaction. The addition of our investor group to the mix provides us unlimited opportunities to expand and grow our business in the coming years.” Stephen Kieffer, the selling majority shareholder and second generation owner of the Kieffer business will continue to serve in a transaction advisory role to the Kieffer business. Mr. Kieffer will also continue to be active in the International Sign Association, an Alexandria, Virginia based group dedicated to supporting, improving, and promoting the on-premise sign industry.