Back to List  |  < Previous  |  Next >
January 31, 2012
CHS Capital Completes Acquisition of Dura-Line Holdings

Chicago-based CHS Capital™ has completed the acquisition of Dura-Line Holdings (fka A-D Technologies), an international manufacturer and distributor of communication and energy infrastructure products and systems. Funds for CHS Capital’s investment in Dura-Line come from CHS Private Equity V LP, a $1.3 billion investment fund. The investment represents a partnership among CHS Capital, GSO Capital Partners LP and Dura-Line’s senior management team.

Headquartered in Knoxville, Tennessee, Dura-Line is the global leader of high density polyethylene-based conduit, duct and pressure pipe solutions for telecom, energy and infrastructure related markets. Dura-Line serves customers in 50 countries and is the exclusive provider for many of the world’s leading telecom companies. For additional information, please visit the company’s website at www.duraline.com.

“CHS Capital has impressive experience in building and growing global businesses,” said Paresh Chari, President & CEO of Dura-Line. “Furthermore, their expertise with other investments in the energy and water infrastructure sectors will be beneficial to us as we expand into new markets and geographies.”

Dan Hennessy, Partner at CHS Capital, said, “Dura-Line is the clear industry leader with unmatched capabilities and capacity and significant exposure to high-growth emerging markets. We look forward to working with Paresh and the management team to pursue add-on acquisitions and accelerate growth around the world.”

The investment in Dura-Line complements CHS Capital’s Industrial, Infrastructure & Energy portfolio, which currently includes Thermon Group Holdings, Inc. (NYSE: THR), a global provider of heat tracing and thermal control products and equipment; GSE Holding, Inc., a global designer and manufacturer of geosynthetic lining solutions; and LVI Services Inc., the nation’s largest remediation and facilities management firm.

CHS Capital is a Chicago-based private equity firm with 24 years of experience investing in the middle market. With specialized expertise in the Consumer & Business Services, Distribution, and Industrial, Infrastructure & Energy industries, CHS Capital has raised a total of $2.9 billion of capital across five private equity funds. For additional information about CHS Capital, please refer to the firm’s website at www.chsonline.com.