Current Capital Announces Extension of Portfolio Company Management Assignment
for Leading Supply Chain Solutions Company, Tompkins
NEW YORK, Dec. 4, 2012 (GLOBE NEWSWIRE) -- Current Capital LLC, a private
equity and portfolio company management firm, today announced a two-year
extension of its agreement to help enhance value at Tompkins Holding Company
for all shareholders, including certain funds managed by GSO Capital Partners
L.P., an entity majority owned by Blackstone (NYSE:BX). Current Capital will
continue to consult and work with Tompkins on topics important to the
profitable growth of the company, including, but not limited to, strategic
issues, business development and capital structure strategies. Two Managing
Directors of Current Capital will remain on the Tompkins Board of Directors.
Tompkins transforms supply chains to help create value for all organizations.
For more than 35 years, it has provided end-to-end solutions on a global
scale, helping clients align business and supply chain strategies through
operations planning, design and implementation. Its clients have included
Amazon.com, Armstrong World Industries, Ford and TEVA Pharmaceutical.
"Current Capital has been a valued partner, and we are delighted to continue
to have their support," said Dr. James A. Tompkins, President and CEO of
Tompkins. "The firm has played a key role in a number of areas, including
organizational structure, business development and cost and capital structure
Louis Salvatore, a Senior Managing Director of Blackstone and Head of
Portfolio Management of GSO Capital Partners, commented that "Current Capital
has helped to drive a variety of key strategic initiatives at Tompkins, and
the firm will continue to play an important role in this company. We value
their proactive efforts with Tompkins and timely communication with us."
Jonathan F. Foster, Founder and Managing Director of Current Capital, stated,
"Current Capital is gratified by the confidence that Tompkins and GSO continue
to show in our portfolio company management business. We have now been
involved in three projects for GSO."
About Current Capital LLC:
Current Capital LLC (www.currentcap.com) is a private equity and portfolio
company management firm comprised of operating executives and investment
professionals that helps create value, primarily in middle market and smaller
companies in the industrial and business services industries. The firm brings
an integrated operating, finance and investment approach to two large sectors,
industrials and business services, where it has extensive experience,
relationships and perspectives. In addition to its private equity business,
Current Capital's portfolio company management business helps to manage
portfolio companies and "orphan assets" for unnatural investors as well as
provides related services such as serving on Boards of Directors and doing
expert witness work in corporate litigation.
CONTACT: For additional information, please contact:
Melissa Daly, MFD Communications LLC,
646-322-9192 or firstname.lastname@example.org
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