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Hampshire Equity Partners Completes Sale of ROM Corporation
February 9, 2007
Belton, MO — Hampshire Equity Partners ("Hampshire"), a New York-based private equity firm, announced today the sale of portfolio company ROM Corporation ("ROM") to Century Park Capital Partners, a Los Angeles-based private equity firm.
Based in Belton, MO, ROM is a leading designer, manufacturer and supplier of innovative niche products used in the trucking and transportation industries. Its primary products include shutter doors used in fire safety and military vehicles, and ramps, insulated bulkheads and related products used in foodservice trailers. The company has #1 market positions in its two core product lines, with strong brand recognition and a reputation for premium quality.
Michael McGovern, Partner of Hampshire said, "This is our second full exit in Hampshire Equity Partners III, both of which have occurred in the past few weeks, and we're excited to be off to a strong start in 2007 in realizing value for our limited partners."
Hampshire acquired ROM in December 2004 from Jim Pace, a Kansas City businessman who had built the company and had been its sole owner since 1973. Hampshire hired John McAlister as Chief Executive Officer, replacing the retiring Mr. Pace. Previously, Mr. McAlister was a senior executive at Viasystems Group, Inc.
During its investment period, Hampshire worked closely with Mr. McAlister to improve the business by strengthening the senior management team, streamlining operations, re-energizing the workforce, and investing in new product development to fulfill the unmet needs of ROM's customers.
"John McAlister was instrumental in implementing Hampshire's growth strategy, which was a key component of our original investment thesis. He and his team transformed the company from a stable business with a portfolio of high-quality products, into a growth-oriented business, with an intense focus on its customers and on the development of innovative new products," said McGovern. "The business is now solidly-positioned for continued future growth."

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