CHS Capital Completes Sale of Dura-Line Holdings, Inc.
Chicago-based private equity firm Capital™ completed the sale of Dura-Line Holdings, Inc., a portfolio investment of CHS Private Equity V LP, to Mexichem (BMV:MEXCHEM).
Headquartered in Knoxville, Tennessee, Dura-Line is the global leader of high density polyethylene-based conduit, duct and pressure pipe solutions for telecom, energy and infrastructure-related markets. Dura-Line serves customers in 50 countries and is the exclusive provider for many of the world’s leading telecom companies.
CHS Capital invested in Dura-Line in January 2012 and worked closely with management to complete two add-on acquisitions, diversify end-market exposure, enhance the company’s geographic footprint and professionalize the board of directors. These efforts led to substantial increases in Dura-Line’s revenues and EBITDA during CHS’ ownership.
“It was a pleasure to work with CEO Paresh Chari and the management team at Dura-Line to achieve such substantial growth over the last two years,” said Dan Hennessy, Partner at CHS Capital. “Dura-Line’s product quality, ongoing product innovation and unmatched industry experience will surely position the company well for continued growth.”
“The strategic insights and operational expertise CHS provided was a critical component to our growth,” said Paresh Chari. “We look forward to working with Mexichem to continue our global expansion.”
CHS Capital is a Chicago-based private equity firm with 25 years of experience investing in the middle market. Through partnerships with strong management teams, CHS Capital aims to accelerate earnings growth and drive value creation through human capital initiatives, performance improvement actions and strategic growth activities. Throughout its history, CHS Capital has made investments in 395 businesses and invested $2.9 billion of capital. For additional information, please visit