See What They’re Saying About Us

Sometimes, our business moves make the news.
See what the media has to say about Cold Mountain Capital.

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ASHEVILLE, N.C. – Cold Mountain Capital, LLC, is pleased to announce the appointment of Anthony “Tony” Bergen, CPA, as Chief Financial Officer effective immediately.

 

Bergen has more than 35 years’ professional experience in both financial and operational roles, including interim president, chief financial officer, and corporate controller. He is a long-term member of the Turnaround Management Association, a Certified Turnaround Professional with more than 25 years of corporate renewal experience, and is a past recipient of the TMA’s prestigious Outstanding Individual Contribution Award.

 

David Nolletti, Cold Mountain co-founder and chief executive officer stated, “Tony is exceptionally well-qualified to serve as CFO of Cold Mountain. His technical skills and broad experience base make him a perfect fit for the job and to contribute in all aspects of Cold Mountain’s business process from deal sourcing to diligence, operational improvement, and investment realization. I am honored to have the opportunity to work with him.”

 

Before Cold Mountain Capital, Bergen spent several years working for Cold Mountain’s sister company, Stony Point Group, Inc. He also served as chief financial officer of TECT Power, a Stony Point affiliate and middle market manufacturer of turbine engine components. Before his time at TECT Power, Bergen worked as a director at Glass & Associates, later Huron Consulting, focused on middle market corporate renewal. Bergen has a bachelor’s degree from Upsala College and an MBA from Farleigh Dickinson University.

 

About Cold Mountain Capital, LLC

Cold Mountain Capital, LLC of Asheville, North Carolina, is a private equity and management firm that focuses on aerospace and defense lower-middle market manufacturing and technical service businesses.  Their industry knowledge, hands-on approach, and transactional flexibility enable Cold Mountain to conduct transactions quickly, and dramatically improve operating and financial performance. Find out more about Cold Mountain at www.ColdMountainCapital.com

 

 

 

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ASHEVILLE, N.C. – Cold Mountain Capital, LLC is pleased to announce the sale of a portfolio company, Graco Supply & Integrated Services, Inc. to CM Equity Partners of New York City. Terms of the transaction were not released.

In partnership with Cotton Creek Capital, Cold Mountain purchased Graco Supply in March 2011. Following the acquisition, the partnership embarked upon a strategy to improve operating performance and sales growth through product line and geographic expansion. During their ownership, sales grew by 50 percent, and earnings improved 150 percent.

“The sale of Graco Supply to CM Equity Partners is the culmination of over four years of consistent, high-quality work by the management of Graco and the equity partners who invested in the company,” said Kenneth Glass, Chairman of Cold Mountain. “This level of operational and financial improvement is what we expect to achieve from our portfolio companies. We work hard to invest in our people, business processes, and infrastructure to generate sustainable, industry-leading results.”

David Nolletti, Cold Mountain’s Chief Executive Officer and lead Director of Graco, added, “We are proud of the results that we achieved with Graco and the opportunity the Company’s business trajectory and position in the industry offers to the new owners. Most of all, we are fortunate to have partnered with a strong management team at Graco led by Stephen Novakovich and Jeffrey Hazelrigg, and to have had exceptional partners in Cotton Creek Capital.”

SunTrust Robinson Humphrey advised Cold Mountain and Cotton Creek Capital on this transaction.

 

About Cold Mountain Capital, LLC

Cold Mountain Capital, LLC of Asheville, North Carolina, is a private equity and management firm that focuses on aerospace and defense lower-middle market manufacturing and technical service businesses. Their industry knowledge, hands-on approach, and transactional flexibility enable Cold Mountain to conduct transactions quickly, and dramatically improve operating and financial performance. Find out more about Cold Mountain at www.ColdMountainCapital.com

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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.”

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Asheville, N.C. – Ken Glass, chairman and founder of the TECT family of businesses and Stony Point Group, announced today the launch of a new investment and management company, Cold Mountain Capital, LLC. The company will be headquartered in Asheville, N.C., and led by aerospace and private equity veteran David Nolletti.

“The formal launch of Cold Mountain Capital marks the beginning of a new phase of investments for our companies,” said Glass. “Over the past 18 years we have been extraordinarily successful growing the TECT family of businesses through acquisition and organic expansion. Now, with Cold Mountain, we are going to continue to leverage our aerospace industry and operating expertise by conducting acquisitions outside of the TECT platform.”

“David Nolletti is exceptionally qualified to lead Cold Mountain as president and chief executive officer,” Glass continued. “In his 11 years with Stony Point and TECT, Nolletti has been successful in varied positions of increasing responsibility including sales, marketing, general management, interim-CEO and member of the board of directors with multiple assignments as lead director. His energy and leadership will be instrumental in the long-term success of this business.”

In the two years prior to its official launch, Cold Mountain acquired two portfolio companies in partnership with Cotton Creek Capital Management, LLC, of Dallas, Texas. In March 2011, Cold Mountain and Cotton Creek acquired Graco Supply & Integrated Services, a value-added distributor of aviation consumables, and in October 2011, AirReady MRO Services, Inc., an FAA Part 145 repair station that specializes in flight control, door, nacelle and thrust reverser repairs on commercial and military aircraft.