Hendee
In October 2006, Milestone closed a
management buy out of Houston – based Hendee Enterprises, Inc.
Milestone, together with the three top managers of Hendee Enterprises
(including Chuck Hendee), acquired all the assets of the company.
Milestone and the management group provided all the equity required to
make the acquisition. As part of the acquisition, Milestone obtained a
controlling interest Hendee.
Hendee is an innovative and diversified
manufacturer of architectural and industrial fabric products
specializing in sun, wind, rain, hail and other weather related
protection systems and filtration products. Hendee’s customer list
includes notable names such as Home Depot, WalMart, McDonalds, Princeton
University and Six Flags; as well as the Light Spikes project for the
1990 Economic Summit held in Houston. You see these Light Spikes today
each time you travel to Houston’s Bush Intercontinental Airport.