In 2011, Morningside Private Investors invested over $50 million of equity into the following transactions:
Global Hydraulic Manufacturer - Morningside Private Investors (MPI) recapitalized, along with management, a global manufacturer in the industrial and hydraulic hose industries. This private company's products are used in a variety of industries including infrastructure, transportation, energy and mining. Its customers have signficant operations in the U.S. and Europe and rapidly growing operations in high growth economies such as China, India and Eastern Europe.
Crestmarc - MPI invested a substantial amount of equity in 6 new Crestmarc apartment complexes in Texas and Oklahoma, increasing our total locations to 7.
The Tile Shop - The Tile shop expanded its number of locations by approximately 10% and opened a new East coast distribution center to allow for expansion in the Northeast in 2012.
ANZ Terminals - ANZ raised both equity and debt in 2011 to fund approximately $70 million of terminal expansions that will be largely complete in 2013. Additionally, the company signed a 25 year fuel storage agreement with Caltex Australia Petroleum Pty Ltd. at Pelican Point in Port Adelaide.