DALLAS, TX – January 31st, 2019 – Strait Lane Capital Partners, LLC (“Strait Lane”) is pleased to announce it has completed the sale of Boss Industries, LLC (“Boss”).

Acquired in July 2014 by an investor group led by Strait Lane, Boss is the leading supplier of highly-engineered, vehicle-mounted air compression and generator systems that power mission-critical tools & equipment.

In a little more than 4 years, this investment and related exit transaction resulted in an effective multiple of invested cash and IRR of approximately 4.75x and 41.2%, respectively.

Warren Edwards, Strait Lane’s President and Managing Partner said, “Our partnership with the Wilkins brothers and the Boss management team has been fantastic. Boss was a great business at the time of our investment and the whole team has done a great job expanding its product lines and capabilities while driving excellent customer satisfaction. As Boss moves into the next phase of their growth, we wish its management team nothing but good luck. For our investor group, this transaction represents our fourth exit overall and we are extremely pleased with the overall return profile.”

Paul Wilkins, who along with his brother Patrick founded Boss in 1988, said, “When we partnered with the Strait Lane team in 2014, we were cautiously optimistic about the future and how our new partners would help us achieve our goals. In retrospect, it has turned out extremely positive and the Strait Lane team delivered on every expectation we had and our collective goals. We look forward to the next chapter in Boss’ history.”

BB&T Securities LLC served as the sell-side financial advisor and Foley & Lardner LLP served as legal counsel.