Description: Renegade is the leading manufacturer of specialty trailers and recreational vehicles serving primarily the motor sports market. The Company manufactures all of its vehicles on commercial chassis, utilizing proprietary manufacturing techniques, which allows motorsports enthusiasts, and other consumers with large cargo capacity needs, to tow heavy loads safely. Kibbi sells its products to a network of specialty vehicle and trailer dealers.

Background/Purpose: Kibbi, founded in the mid-90s, had experienced many years of rapid growth to become the leader in its niche market. The founder was faced with the need to significantly expand Kibbi's production capacity to support growth and continued market expansion, but also had a desire for greater diversification of personal financial assets. The partnership with ShoreView has provided growth capital and allowed the owner to experience a substantial liquidity event while maintaining day-to-day operational control.

Growth Strategy:

• The current expansion of the Company’s production facilities, the second since ShoreView’s
  investment, will approximately double the production capacity of the business
• Support organic growth by increasing its dealer network and pursuing new product
  introductions

Results:

• Kibbi’s profits have increased approximately 60% since the closing of the transaction
• The Company is poised to experience continued rapid growth and increased market share
• Significant opportunity for “second bite” at the apple for the founder