New Company to Focus on Polymer and Composites Businesses

30 May 2000

Three business executives from the Midwest have started a new equity venture, NEXTEP Equity Partners, LLC, with sponsorship from The CIT Group/Equity Investments, the principal investment arm of The CIT Group. T. Dan Clark, with Shell Chemical and Dexter experience, B. Peter Rohman, with Owens Corning experience, and Robert H. Jackson, a lawyer with significant deal-making experience, will assist companies seeking a buyout or recapitalization. The group is targeting businesses positioned for growth in the polymer, specialty chemical and composites sectors. "This is an excellent time to be looking for opportunities in the small to mid-cap market," Dan Clark, a managing partner of NEXTEP, said. " We are looking for companies with sales in the $25 to $100 million range with strong management teams and a history of investing in proprietary technology."

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