Chicago, IL - Capstone Partners LLC, a leading investment banking firm, has successfully advised Vapor Power International, LLC on its recapitalization by Stone Pointe, LLC and management. Terms of the transaction were not disclosed.
Vapor Power manufactures boilers, steam generators, thermal fluid heaters and electric boilers for use in industrial, commercial, marine and military boiler applications around the globe. The Company’s assets were purchased in a management buyout from Wabtec Corporation in 2001 and the management team successfully gave new life to ‘orphaned’ product lines that had a rich history and utilized strong, proven technology. Over time, management built Vapor Power into a successful standalone company which has developed a reputation as a premier designer and manufacturer of boilers, steam generators and liquid phase heaters. It occupies unique market niches and offers high quality and technologically superior products that are fast, efficient and economical.
Stone Pointe, LLC is a private investment firm focused on small and meduim sized businesses. It works with privately owned companies to facilitate ownership transitions and provide growth equity capital solutions.