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Article: CIT Serves as Financial Adviser in Sale of Snyder Industries.(Company overview)
- Article from:
- Business Wire
- Article date:
- September 16, 2008
CopyrightCOPYRIGHT 2008 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CHARLOTTE, N.C. -- Edgeview Partners, a CIT company, today announced that Snyder Industries Inc., a leading designer and manufacturer of custom-engineered bulk storage containers for liquid and dry materials, has been acquired by Olympus Partners. Terms of the transaction were not disclosed.
Previously, Snyder was a portfolio company of Cortec Group Fund III, L.P., a New York-based private equity investment firm. Cortec retained Edgeview Partners to serve as its exclusive financial adviser in the sale. In 2005, Edgeview Partners advised Linsalata Capital Partners in its sale of Snyder to Cortec.
"We were pleased to have a chance to work again with the ...