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FTCA, Inc. Acquires Fleetwood Folding Trailers, Inc.
Somerset, PA., May 12, 2008 – FTCA, Inc., an affiliate of Blackstreet Capital Partners, LLC, a Bethesda, MD based private equity fund, has purchased Fleetwood Folding Trailers, Inc. (FFT) from Fleetwood Enterprises, Inc. of California. Founded in 1967, Fleetwood Folding Trailers, Inc. is recognized as a world class leader in folding camping trailers and is known for its exceptional quality and customer service throughout the world.
Since its founding, Fleetwood Folding Trailers has earned a reputation for producing high quality, and innovative products. The Company’s premier brands include the Highlander Series, Americana Series, Destiny Series, and the Evolution Series known for its unique adventure style and utility.
"Working with the talented team at FTCA, Inc. as well as the dedicated network of dealers across the country, we see many exciting opportunities to strengthen the Company’s position as a world class leader in the folding trailer market,” said Aldus H. Chapin II, President of FTCA, Inc.
“We are thrilled to complete the purchase of Fleetwood Folding Trailers and excited about the future of the company,” said Murry N. Gunty, Managing Partner of Blackstreet Capital. “FFT has a strong dealer base, great products and leading market share, all of which we plan to build on in the future.”
About Blackstreet Capital
Blackstreet Capital Partners, LLC (www.blackstreetcapital.com) is a Bethesda, MD based private equity firm with $88 million of capital under management. Blackstreet focuses on control buyouts of companies that are either underperforming, in out-of-favor industries or are undergoing some form of transition. Blackstreet seeks investments in a range of industries, including manufacturing/distribution, restaurants, specialty retail, business services and health care.
About Fleetwood Folding Trailers, Inc.
Fleetwood Folding Trailers, Inc. (www.fleetwoodcampingtrailers.com) is based in Somerset, PA. Founded in 1967, Fleetwood Folding trailers manufacturers 21 different styles of folding campers at its current location. Fleetwood’s product line enjoys a loyal customer following, and an exceptional dealer network. The brand is recognized as the best in the folding trailer market, and continues to lead the industry in product innovation, and customer service.