Strength Capital Completes Sale of Postle Operating LLC
Birmingham-based Strength Capital Partners, LLC is pleased to announce the sale of Postle Aluminum to Thor Industries (NYSE: THO). Postle was founded in 1974 and has been producing extruded aluminum and specialized components for the recreational vehicle (RV) and other industries, with a commitment to providing the highest quality products and exceptional service. Postle's offerings include a broad range of aluminum extrusions, powder coating, painting services, as well as specialized component fabrication. The acquirer, Thor Industries, is the world’s largest manufacturer of recreational vehicles.
Strength Capital acquired Postle Aluminum in 2006 from founder John Postle. Strength's investment thesis included vertical integration and strategic acquisitions. During the hold period, capital investments in three extrusion presses, powder coating equipment, and a state of the art wet coat paint line were made. All capital investments were funded with operating cash flows. These capital investments allowed the Company to significantly increase in-house production capabilities. In addition, three acquisitions were completed in order to provide customers with a broader product assortment.