MIAMI, Fla., Dec 19, 2019 — CEO Coaching International, the leading firm for coaching growth-focused CEOs and entrepreneurs globally, is proud to congratulate client Bill Sims on the sale of the Accent Family of Companies to Dallas-based private equity firm Crossplane Capital.
Accent is the leading value-added industrial distribution company specializing in providing baling wire, wire ties and wire tier machines for the waste and recycling industries. Accent’s building materials division supplies steel products for roofing, concrete, drywall and acoustical applications. CEO Bill Sims has been a client of CEO Coaching International for over a year.
“Much of Mark Moses’ and CEO Coaching International’s business approach, including a big vision, planning with lead KPIs, communication, and continuing education is very much aligned with our company’s management philosophy,” Sims commented. “Since our company was considering bringing on an equity or strategic partner, I was assigned to Rafe Wilkinson, a successful entrepreneur and ex-NFL player who had gone through the same process. I thoroughly enjoyed my discussions with Rafe, and his insights and suggestions were very valuable as we navigated the process.”
To further support the success of the acquisition, PNC Bank, National Association closed a $57.3 million senior secured credit facility. Steel City Capital Funding (Steel City), a division of PNC Bank, provided a portion of the financing. Crossplane Capital seeks to invest in lower-middle-market companies with up to $200 million of revenue. The transaction is anticipated to help Accent continue its growth.
“We are excited about our new partnership with the Sims family, the management team and Accent’s employee base as a whole,” said Brian Hegi, Partner of Crossplane Capital. “We believe Accent’s unique scale and strong customer service make Accent uniquely strategic to its thousands of customers and key supplier relationships around the world.”
About the Accent Family of Companies
Founded in 1986, Accent is a full service, value-added industrial distribution company focused on the waste / recycling and building materials industries. Through its Wire-Tie division, Accent’s core offerings include baling wire distribution, bale tie manufacturing, wire-tier equipment manufacturing, and wire-tier parts and repair services to waste management providers, material recovery facilities, packaging companies and commercial customers throughout the United States, Canada and the United Kingdom. Through its Building Materials division, Accent is a regional distributor of roofing, concrete, drywall, and acoustical products to the construction industry under the Striker and NATCO brands throughout the west, southwest and gulf coast United States. For more information, please visit www.accentfamilyofcompanies.com.
About CEO Coaching International
CEO Coaching International works with the world’s top entrepreneurs, CEOs, and companies to dramatically grow their business, develop their people, and elevate their overall performance. Known globally for its success in coaching growth-focused entrepreneurs to meaningful exits, CEO Coaching International has coached more than 500 CEOs and entrepreneurs in more than 40 countries. Every coach at CEO Coaching International is a former CEO or President that has made big happen. The firm’s coaches have led double-digit sales and profit growth in businesses ranging in size from startups to over $1 billion, and many are founders that have led their companies through successful eight and nine figure exits. CEOs and entrepreneurs working with CEO Coaching International for three years or more have experienced an average EBITDA CAGR of 66.4% during their time as a client, more than five times the national average. For more information, please visit: https://www.ceocoachinginternational.com