DALLAS, TX – July 10th, 2018 – Strait Lane Capital Partners, LLC (“Strait Lane”) is pleased to announce it has completed the sale of Griswold LLC (“Griswold”) to Rogers Corporation (NYSE: ROG).

Acquired in September 2015 by an investor group led by Strait Lane, Griswold is a leader in the development, formulation, and manufacturing of continuous rolls of high performance polymers.

In less than 3 years, this investment resulted in an effective multiple of invested cash and IRR of approximately 3.3x and 54%, respectively, from this transaction. The Griswold exit represents Strait Lane’s second exit in 2018 and is its third exit overall. On a cumulative basis, the realized value in excess of the original investment for these three transactions and our other unrealized investments exceeds $100 million.

Warren Edwards, Strait Lane’s President and Managing Partner said, “When Mark King and I started Strait Lane in late 2009 we had three simple goals. First and foremost was to be responsible stewards of our investors’ money by creating conservative capital structures and designing an investment vehicle that allowed direct investments in portfolio companies rather than a typical fund. Our second goal was to partner with portfolio company management teams while bringing to bear our operational, financial and acquisition expertise to facilitate decision making, accelerate growth and to execute both tactical and long-term plans. Our final goal was to have fun while mentoring our team members. We feel that these realized returns lend weight to these simple goals and we will continue this simple strategy with our other portfolio companies and as we look for the next great investment.”

Lincoln International LLC served as the sell-side financial advisor and Foley & Lardner LLP served as legal counsel.