in partnership with management.
- Respect everyone's contributions; Provide equity or cash incentives to every employee
in the organization.
- Invest in businesses with a plan to grow organically or through acquisitions.
a reputation for honesty and fair dealing.
- Hold all investments for the very long term.
invests in growing U.S. companies with between $1 million and $5 million in cash flow, ideally in partnership with management.
CLIFFSIDE'S PORTFOLIO COMPANIES:
Cliffside purchased Pioneer Supply in 2008. Pioneer is a leading distributor of water and sewer pipe and other
industrial products to contractors, city governments, and rural water districts throughout the state of Oklahoma. The
company was founded in 1965 and has a long history of providing a wide variety of industrial supplies with a solid reputation
for service and quality. Pioneer's ability to service over 700 accounts with a greater than 95% rate of repeat business
is a testament to the management team's relationship with its customers, knowledge of its products, and ability to provide
excellent post-sale service. Cliffside is working closely with management to pursue strategic vertical and horizontal
acquisitions throughout the midwest.
In 2007 Cliffside purchased Preferred Service, a North Carolina company that provides building maintenance, concrete
polishing, and janitorial services to retail and industrial clients in the U.S. Cliffside also purchased Preferred Floor
Equipment, a company that leases, maintains and services equipment. The combination of the two companies allows us to
supply a broad solution of maintenance services and equipment to the most demanding national retail customers. Preferred's
reputation for professionalism, reliability, and developing innovative customer solutions has allowed it to aggressively grow
market share. Cliffside has worked closely with Preferred's strong management team to grow the customer base, pursue
acquisitions, and develop new services for our existing customers.
Wedderspoon Organic is the largest importer and marketer of Manuka Honey
in North America. After purchasing the company in 2014, we enhanced the management team, brought new controls
to the business, hired a country manager and staff in New Zealand, build a world-class
honey processing plant, and executed on our plan to introduce new manuka products and markedly
increase the Company's points of distribution.
THE GOOD EARTH ORGANICS
The Good Earth Organics is the largest producer of organic soil and soil
amendments in southern Oregon. The Good Earth also operates three grow stores servicing the agricultural community.
Since our investment, we have bolstered the management team, improved systems and reporting, and embarked on an aggressive
plan to grow through opening and acquiring new soil mixing sites and grow stores. The company is rapidly expanding its
distribution of its bulk soil, packaged soil, fertilizers, and soil amendments.