Cyprium Partners Exits Investment in Honsador Holding LLC, the Largest Building Products Distributor in Hawaii

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Cyprium Partners exits its investment in Honsador Holding LLC, the largest building products distributor in the state of Hawaii, in a sale to Grey Mountain Partners. During Cyprium’s investment period, the company acquired Alpha Electric Supply, an electrical distribution business, and expanded its building products distribution operations to include a significant presence in each of the five major Hawaiian markets.

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The Honsador-Cyprium team proved to be a formidable one as the Company has increased its revenue, end-markets, geographic footprint and employee base since our original investment,” said John Sinnenberg

Cyprium Partners (Cyprium), a private equity firm focused on making non-control investments, announced today an exit from its investment in Honsador Holding LLC (Honsador) in a sale to Grey Mountain Partners.

Honsador Holding LLC, headquartered in Kapolei, Hawaii, is the holding company that was formed to acquire three related subsidiaries: Honsador Lumber, Ariel Truss, and Honolulu Wood Treating. Following Cyprium’s original investment, the company purchased Alpha Electric Supply, the largest independent electrical supply distributor in Hawaii, and acquired the assets of Aloha Lumber to expand its presence on the island of Kauai. Today, Honsador is the largest independent distributor of building products and electrical supplies in the state of Hawaii. Find out more about Honsador at http://www.honsador.com.

“The Honsador-Cyprium team proved to be a formidable one as the Company has increased its revenue, end-markets, geographic footprint and employee base since our original investment,” said John Sinnenberg, Chairman of Cyprium Partners and leader of the Honsador investment team for Cyprium. “We thank the management team and employees of Honsador for making this investment a successful one for Cyprium and wish them the best as they continue with their growth.”

Duff & Phelps was retained by Cyprium and the Company to lead the Honsador sale process.

About Cyprium Partners
Cyprium Partners is a private equity firm focused on making non-control (minority ownership) investments. Cyprium utilizes a combination of subordinated debt, preferred stock and/or common stock to enable privately-held businesses, entrepreneurs and management teams to achieve their financial and/or strategic objectives. With offices in Cleveland, New York and Chicago, the firm invests $10 million to $60 million per transaction in U.S. and Canadian companies that have $10 million or more of EBITDA. Learn more about Cyprium Partners at http://www.cyprium.com.

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