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ST. LOUIS, Aug. 19, 2005 – Incentive Concepts, a representative and distributor for manufacturers in the premium incentive and corporate gift market, was successfully acquired by Eagle Fund I, L.P., a licensed Small Business Investment Company managed by Bush O'Donnell Capital Partners of St. Louis, Missouri. Financial terms of the transaction were not disclosed.
Eagle Fund was joined in the acquisition by Capital South, a Small Business Investment Company in Charlotte, North Carolina and the new Chief Executive Officer, Jeffery D. Reinberg.
"We are looking forward to our new partnership with Capital South and Bush O'Donnell. We are excited to continue growing our business with the help of our new partners and our relationship with our senior lender, Enterprise Bank" said Mr. Reinberg.
Incentive Concepts is a leading representative and distributor for manufacturers in the premium incentive and corporate gift market. Incentive Concepts has 19 years of experience in developing custom designed incentive programs for corporations. The Company specializes in serving its customers from program concept and development to award fulfillment.
"Incentive Concepts is a clear leader in their industry and represents an excellent investment opportunity for Eagle Fund,” said Matthew J. Koster, Principal of Bush O'Donnell Capital Partners. “Incentive Concepts is a market leader with a management team that has significant industry expertise and a clear commitment to growing the business."
About Incentive Concepts
Incentive Concepts is a leading representative and distributor for manufacturers in the premium incentive and corporate gift market. Incentive Concepts has 19 years of experience in developing custom designed incentive programs for corporations. The Company specializes in serving its customers from program concept and development to award fulfillment.
About Bush O’Donnell
Bush O'Donnell is a holding company headquartered in St. Louis with interests in investment management, insurance, manufacturing and private equity investments. Since 1988 its principals have been investing in a wide range of publicly and privately owned businesses. One of Bush O’Donnell’s wholly owned subsidiaries, Bush O’Donnell Capital Partners, manages Eagle Fund I, L.P., a Small Business Investment Company with committed capital of $75 million. Eagle Fund invests from $1 million to $4 million in the mezzanine debt and equity securities of companies with compelling business plans.
About Capital South Partners
Capital South Partners was founded in 1998 to provide private equity capital and mezzanine capital to middle-market companies. Currently, Capital South Partners manages two private equity funds with total investment capital of over $150 Million, where the Fund seeks to invest in middle-market companies located east of the Rockies. Capital South Partners provides capital to middle-market companies for growth financings, management buyouts, leveraged buyouts, acquisitions or recapitalizations. The Fund seeks to invest between $3 Million and $8 Million in companies that possess strong competitive advantages and that have proven, successful management teams.
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