PlayCore Has New Owner

Friday, May 30, 2014

Private equity firm Irving Place Capital announced the sale of PlayCore, a Chattanooga-based designer and manufacturer of a broad range of playground and recreational equipment, to Sentinel Capital Partners. The transaction closed Friday, and terms of the deal were not disclosed.

Douglas Korn, a senior managing director of IPC, stated, “We have enjoyed working alongside PlayCore’s talented management team to strengthen the business and position PlayCore as not only the innovative leader in its markets, but also as the acquirer of choice. PlayCore has achieved impressive growth in revenues and profits for the benefit of its management, employees, customers and investors. We wish the company continued success.”

PlayCore’s President and CEO Bob Farnsworth said, “We have appreciated our partnership with Irving Place Capital, whose expertise and resources helped PlayCore execute strategic acquisitions, accelerate new product development, and build the PlayCore brand. We look forward to our next chapter as we remain focused on innovative design and expanding our existing businesses while continuing to acquire new ones.”

Irving Place Capital completed the acquisition of PlayCore in February 2007. Under IPC’s ownership, PlayCore successfully executed on a strategic plan to drive growth both organically and through compelling acquisitions. During this period, PlayCore completed nine strategic acquisitions, further strengthening the company’s brand portfolio and enhancing its product offering, entering new end markets, and expanding PlayCore’s reach to a broader customer base.

Irving Place Capital was advised on the sale of PlayCore by Robert W. Baird & Co. and Kirkland & Ellis LLP, and PlayCore was advised by Miller & Martin PLLC.


World's Largest One-Day Simulcast Leadership Conference Returns To Cleveland

Leadercast, the world’s largest one-day leadership conference, will be broadcast live from Atlanta and simulcast to hundreds of locations around the world on May 6. This year marks the 16th year of the annual leadership conference and the fourth year that the Cleveland/Bradley Chamber of Commerce and People for Care and Learning will host the event at First Baptist Church.   ... (click for more)

BEST/MATRR Officials Say "TVA Wastes Their Time And Our Money"

TVA Wastes Their Time and Our Money Bellefonte Efficiency and Sustainability Team/Mothers Against Tennessee River Radiation, a chapter of Blue Ridge Environmental Defense League, presented a report on Friday showing TVA’s "waste of money on nuclear power."   The group called for a withdrawal of the operating license for Bellefonte nuclear power plant in Hollywood, Ala.  ... (click for more)

Texas Man Charged With Cutting Hole In Charleston Piggly Wiggly; Removing Heavy Safe

Warrants charging a Texas man with the Jan. 25 burglary of the Piggly Wiggly Grocery Store in Charleston, Tn., have been issued in Bradley County. Through a forensic examination of items that are connected to the burglary, Christopher Lee Chambers, 29, of Mabank, Tex., was identified as a suspect in the burglary and is named on warrants charging him with burglary and theft ... (click for more)

Couple In Small Plane Make Emergency Landing On Highway 27 North Of Dayton

Tom Webb and his fiancée were traveling from Pigeon Forge to Winchester when, at 5,500 feet, they experienced engine trouble. They lost their engine and had to make an emergency landing on Highway 27 north of Dayton. They landed safely and were able to push the plane off the road with help from the Rhea County Sheriff's Department. The incident happened around 7 p.m. on ... (click for more)

Alexander And Corker Need To Talk Sense To Their Leadership

Alexander and Corker really need to talk some sense to their leadership  So a Supreme Court Justice dies and before the POTUS can even come up with a list of replacements, Mitch McConnell states the Republican Senate will not seat Obama's replacement. Why? Because they want to throw a hissy fit.  For 240 years the Senate has done their constitutional duty and has ... (click for more)

Roy Exum: Evaluators Earn $11.70

A number of curious job notices, under the heading of ‘General Labor,’ have appeared on various Craigslists, that free Internet portal where you can find everything from a used lawn tractor, guitar lessons or even a saucy Saturday night date. This week on the Charlotte, N.C., Craigslist, for example, there appeared an offer to become a “reader/evaluator” for a company known as Measurement ... (click for more)