NEW ORLEANS: Carr’s Hill Capital Partners Management LP, a New Orleans-based private equity firm, has acquired Opti-Com Manufacturing Network LLC and Sunbelt Innovative Plastics LLC, a maker of conduit systems for underground and transportation infrastructure across the Southeastern U.S.
The acquisition is Carr’s Hill’s third investment from its first fund and expands the firm’s presence in the industrial and infrastructure sectors along the Gulf Coast. Terms of the deal were not disclosed.
The combined business, known as OMNI, has operated since 1985 as a designer and manufacturer of conduit solutions for communications, transportation, utility and other industrial markets. Its main manufacturing facility is in Slidell, Louisiana, with administrative offices in Elmwood, Louisiana.
The company’s products include proprietary Opti-Com and Micro-Com multi-duct conduit systems, single-duct HDPE and PVC conduit, and accessories.
Cameron Currie has been named chief executive officer in connection with the acquisition. Longtime OMNI team members Bob Adams and Roger Wagg continue to lead operations, while Bruce Mader and Giselle Becker remain in sales leadership roles.
“We are excited to partner with the OMNI team to build on the company’s long track record of success characterized by the consistent delivery of cutting-edge solutions to its customers,” said Andrew Kern, vice president at Carr’s Hill Partners. “OMNI’s long-standing customer relationships, specialized product suite, and demonstrable growth potential make it an obvious fit for Carr’s Hill’s investment mandate.”
Carr’s Hill focuses on family- and founder-owned businesses in growing industrial and infrastructure sectors across the Gulf Coast. The firm said it will use its regional expertise, operational resources and executive network to support OMNI’s growth.
