Snow Peak Capital acquires Dalco Nonwovens and Global Felt Technologies

BOULDER, Col., October 19, 2022 /PRNewswire/ — Snow Peak Capital, LLC (Snow Peak), a private equity firm focused on middle market companies, today announced the acquisition of Dalco Nonwovens, LLC (Dalco) and Global Felt Technologies , Inc. (GFT), in partnership with Joey Duncan, CEO of both companies. Financial terms were not disclosed.

Duncan has led Dalco and GFT since 2017 and will lead and retain a significant stake in both companies. The transactions represent Snow Peak’s second investment in the platform.

Dalco, founded in 2003 and based in Conover, North Carolina, manufactures light and heavy duty specialty nonwoven fabrics for a diverse customer base in the automotive, geotextile, furniture & bedding and industrial markets. Located less than 100 km from Union, South CarolinaGFT also manufactures nonwoven products for the automotive, industrial and geotextile markets.

“The investment in Dalco and GFT will realize significant synergies and enable the companies to better serve their customers. We have great confidence in the capabilities of Joey Duncan and his team to lead the businesses and we look forward to partnering with him,” said Snow Peak Managing Partner Steve Yager.

Duncan added, “I am extremely excited about this opportunity as it opens up significant opportunities for Dalco and GFT to grow in the years to come. Dalco and GFT have reputations and brands that are synonymous with technical innovation, quality and customer satisfaction. Finding an organization that shared these values ​​was paramount in the decision to partner with Snow Peak.”

“Dalco and GFT will continue to be known for their reliability and commitment to quality. We are delighted to support the company to help it continue its expansion and meet the strong demand in the nonwovens market,” said Snow Peak Partner Anthony Chirikos.

Stradling Yocca Carlson & Rauth acted as legal counsel and Moss Adams provided financial advisory services to Snow Peak. Fidus Partners acted as financial advisor to Dalco and GFT. Parker Poe and Culp-Elliot & Carpenter acted as legal counsel to Dalco and GFT respectively. PNC Bank provided debt financing. Global Endowment Management provided equity financing alongside Snow Peak in this transaction.

About Snow Peak Capital, LLC

Snow Peak Capital is a Boulder, Coloradoprivate equity firm that invests in middle market companies in the industrials, technology and business services sectors. The founders of Snow Peak Capital have over 50 years of combined M&A and operating experience, having led or participated in over 60 private equity transactions during their careers. Snow Peak seeks acquisition opportunities where it can make lasting improvements to its partner companies, either directly or through its network of operating relationships. For more information on Snow Peak Capital, visit: www.snowpeakcapital.com

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SOURCE Snow Peak Capital

Carol N. Valencia