Asheville, N.C. – Cold Mountain Capital is pleased to announce that it acquired Camel Manufacturing on June 10, 2014. Camel, located in Pioneer, Tenn., has manufactured soft-sided, mil-spec shelters and other related products for the U.S. Department of Defense and foreign militaries since 1919. Terms of the transaction were not disclosed.
“I am extremely happy to have found a buyer that is family owned, manufacturing-focused, and has a history of successfully growing businesses such as Camel,” said April Harris, third-generation owner. “My number one objective in this transaction was to find the best long-term owner for Camel I could, and Cold Mountain was the perfect match.”
“Camel represents our continued drive to diversify our portfolio, but we stick to products that are highly engineered and markets with significant barriers to entry,” said David Nolletti, CEO of Cold Mountain. “Camel is a strong company with an outstanding reputation for innovation, quality and competitiveness. We believe that we can build on that foundation to grow revenues in a sustainable manner. Additionally, I am excited to say that April Harris and Mark Lester, Camel’s long-time executive team, have enthusiastically committed to remain with the company post-closing while we conduct a deliberate leadership transition. Their experience and knowledge in this industry will ensure that Camel?s performance to its customers will remain the gold standard by which all others in the industry are judged.”