Capstone Headwaters, now Capstone Partners, a leading international investment banking firm, announced that it has successfully advised Gold Medal Pools (Gold Medal, GMP, or the Company) on a recapitalization supported by a non-control investment of common stock from The Cynosure Group.
The Capstone Headwaters team took the time to understand our Company’s unique position in the market and growth strategy, as well as identifying potential transaction risks far in advance and advised on the best way to handle any of the same. Capstone Headwaters was instrumental in structuring a transaction that maximized value and allowed our management team to maintain control.
“We are pleased to complete the ideal transaction for the Company’s shareholders; one that provided substantial liquidity and allowed GMP’s management team to maintain majority ownership and benefit from future growth,” said Darin Good, Managing Director of Capstone Headwaters’ Building Products and Construction Services Team.
Headquartered in Frisco, TX, Gold Medal is the nation’s leading provider of turnkey, custom hardscapes solutions and complex water features for a broad range of end markets, including commercial, residential, multifamily and municipal. From design and site development through construction and maintenance, Gold Medal has successfully vertically integrated hardscapes construction projects, allowing the Company to be a single-solution services provider in the industry.
“This deal would not have been possible without Capstone Headwaters’ industry knowledge, buyer relationships, and overall transaction expertise,” said Josh Sandler, CEO of Gold Medal. “Our management team has been instrumental in laying the foundation for recent growth and is thrilled to continue growing the Company moving forward. We are excited to partner with Cynosure, with whom we’ve created an instant rapport, and begin the next chapter in Gold Medal’s history.”
The Cynosure Group is a private family office investment firm focused on investing in small- to mid-sized companies with high-performing management teams that are interested in continuing to be meaningful owners. Cynosure’s indefinite horizon and ability to invest throughout the capital structure – making minority as well as control investments – provides a differentiated alternative to operators seeking to stay on and grow their businesses.
“We pride ourselves on being supportive partners to leading management teams in industries with long-term secular tailwinds. Josh and his team fit that mold perfectly and we are excited to be partnering with GMP, Josh and its management team. We see tremendous run-way for the organization and look forward to growing the business together,” said Andrew Braithwaite, Principal, at The Cynosure Group.