The Anderson Group Invests in Cole Kepro International, LLC
BLOOMFIELD HILLS, Mich., Nov. 30, 2011 /PRNewswire/ -- The Anderson Group, LLC, an operationally focused private equity firm, has invested in Cole Kepro International, LLC. Cole Kepro, headquartered in Las Vegas, is a leading designer and manufacturer of turn-key cabinets, such as those used in video and slot machines, for the global electronic gaming industry.
"We look forward to working with the team at Cole Kepro and building upon the company's proud history and strong brand recognition. Currently there are some very compelling dynamics in the gaming industry and Cole Kepro, with its industry leading products and brand reputation, is well positioned to take advantage of these industry trends," said Cory Gaffney, Anderson Group partner. "Combining Cole Kepro's industry expertise and innovative research and design efforts with Anderson's operational expertise and financial resources, we believe Cole will be uniquely aligned to continue to offer its customers world-class service and high-quality, cutting edge products."
By introducing new leadership and improving overall operations, Anderson will help Cole Kepro achieve its aggressive long-term and global growth plans. According to Gaffney, this is the third platform transaction for Anderson in 2011 and it fits the private equity firm's strategic investment philosophy.
The Anderson Group utilizes an operationally focused investment strategy to target opportunities in middle market niche manufacturing, distribution and service-based businesses. Anderson continues to seek both platform investments and add-on investment opportunities to strengthen its long-term partnerships.
About Cole Kepro International, LLC
Established in 2009, Cole Kepro International, LLC is a partnership of Cole Industries Inc. of Las Vegas and Kepro International Co., Ltd of Taiwan. Cole Kepro is recognized as an industry leader and global supplier of designed and manufactured turn-key gaming cabinets. Its state-of-the-art headquarters and facilities located in Las Vegas comprise 134,000-square-feet in two buildings dedicated to manufacturing, assembly and warehousing. For more information about Cole Kepro, visit www.colekepro.com.
About The Anderson Group
Founded in 1985, with headquarters in Bloomfield Hills, Mich., The Anderson Group is an operationally oriented private equity firm that invests its own equity capital in companies at the lower end of the middle market, where its operating expertise can be leveraged to generate significant profitability improvements. Investing its own capital, rather than institutional funding, the group is well positioned to partner with companies for long-term growth. For more information about The Anderson Group, visit www.andersongroup.biz.
SOURCE The Anderson Group, LLC
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