Eliason Corp. closes debt refinancing with Fifth Third Bank

PRESS RELEASE

Eliason Corporation, a manufacturer of specialty commercial doors, closed a refinancing transaction on December 16th, 2011. Fifth Third Bank has provided the new senior credit facility and Midwest Mezzanine Fund remains the subordinated lender to Eliason.

Eliason Corp. acquires CMI Doors

PRESS RELEASE

Lakewood Capital is pleased to announce that its portfolio company, Eliason Corporation, Kalamazoo, MI, one of the leading manufacturers of high-impact traffic doors in the nation, has acquired CMI Doors of Winnipeg, Manitoba. CMI specializes in high quality traffic doors sold to industrial customers in Canada and parts of the United States, and is led by industry veteran Bob Vermette.

Acquisition of Eliason Corporation

PRESS RELEASE

Lakewood Capital is pleased to announce that it has acquired Eliason Corporation, Kalamazoo, MI, one of the leading manufacturers of high-impact traffic doors in the nation. Lakewood’s partners in the transaction include existing management, Milestone Partners, Midwest Mezzanine Funds, and MFC Capital Funding.

Formation of Lakewood Capital

PRESS RELEASE

With the recent acquisition of Eliason Corporation, I am pleased to announce formally the founding of Lakewood Capital, LLC, a middle market focused private equity firm based in Rowayton, CT.  After more than twenty years of direct involvement with companies, management and service providers dedicated to the middle market, I found the opportunity to form Lakewood at such an exciting time in the market to be too compelling to pass up.