Castle Harlan Expands Colyar's Reach with Acquisition of DIS
Summary
Colyar is a leading provider of software facilitating the management of the U.S. Department of Agriculture Child Nutrition and Food Distribution Programs. David B. Pittaway, Vice Chairman of Castle Harlan, said, "Like Colyar, DIS is experienced in dealing with the complexities of the USDA Child Nutrition Programs. "The acquisition of DIS further strengthens Colyars position as the leading provider of technology-enabled national school nutrition solutions and also emphasizes Castle Harlans focus on completing unique private equity transactions involving market-leading companies at sensible prices, said Patrick Zyla, Vice President of Castle Harlan. Its team of senior investment professionals has completed over 55 acquisitions since its inception, worth an aggregate enterprise value in excess of $11 billion. Castle Harlans current portfolio companies employ more than 12,000 people, and include Shelf Drilling, one of the largest worldwide contractors of jack-up drilling rigs for shallow water applications; Tensar Corporation, the leading global designer and manufacturer of foundation improvement technologies for the infrastructure, transportation and construction markets; Titan Production Equipment, a leader in the design, engineering and fabrication of oil and gas production equipment; Sunless, Inc., the leading global manufacturer and marketer of spray tanning equipment, solution, and related accessories; and Caribbean Restaurants, the leading restaurant operator and exclusive Burger King and Firehouse Subs franchisee on the island of Puerto Rico, with more than 180 locations.