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Oct. 7, 1999

CIVC Partners Acquires Hollinee, LLC

CIVC Partners, a private equity investment affiliate of Bank of America Corporation (NYSE: BAC) announced today that it has acquired Hollinee, LLC from Allstate Private Equity and certain individual shareholders. Hollinee, which has $60 million in revenues, is a manufacturer of filtration media used primarily in HVAC filter applications and in fiberglass media for reinforced plastics. Hollinee operates in the names of Hobbs Industries, Fibair Company, Nicofibers Company and Fibrmat Holdings. Terms of the transaction were not disclosed.

“CIVC is an ideal partner for management to move forward with, and will help us capitalize on several exciting growth initiatives,” said Bob Ableidinger Chief Executive Officer of Hollinee.

“We look forward to working with this outstanding management team to continue the Company’s longstanding tradition of customer service and product innovation,” said Dan Helle, Partner, CIVC Partners.

CIVC Partners manages over $600 million of private equity capital on behalf of Bank of America. CIVC Partners, with 30 years of experience in private equity investing, provides growth capital to middle market companies with a focus on business services, financial services, media and communications, and industrial growth.

Press Contact

Patty Walker
CIVC Partners, LP
191 North Wacker Drive
Suite 1100
Chicago, Illinois 60606
Telephone: 312 873 7300
pwalker@civc.com

 
 
CIVC PARTNERS: 191 N. Wacker Drive, Suite 1100, Chicago, IL 60606 | © 2017 CIVC Partners. All Rights Reserved.|CIVC PARTNERS: 191 N. Wacker Drive, Suite 1100, Chicago, IL 60606 | © 2016 CIVC Partners. All Rights Reserved.