Headwaters MB Advised Colorado Timberline on its Sale to Frontenac and Charter Oak Equity.
Terms of the transaction were not disclosed.

Colorado Timberline
Colorado Timberline is a first class printing facility, specializing in large format printing, sublimation printing, vinyl printing and laser etching. Colorado Timberline’s new Denver distribution facility maintains over one million units to assure immediate same day shipping for orders. In addition 500,000 yards of fleece and microfibre are available to manufacture into large programs that are received. Colorado Timberline has created a new customer service department dedicated to customer care and same day follow up. We are concentrating every effort to fulfill and complete every detail. We remain dedicated to growth strategy that relies on quality, competitive pricing, customer care and availability. For more information, visit  www.coloradotimberline.com.

Frontenac Company was founded in 1971 with the belief that people are the driving factor behind successful businesses. Nearly 20 years ago we developed a “CEO1ST Investing” strategy to partner with outstanding business leaders and together identify, acquire and build leading businesses. Our CEO1ST partners are leaders in their fields and provide strategic and operational insight to our portfolio companies. For more information, visit frontenac.com.

Charter Oak Equity
Charter Oak Equity, LP (COE) was formed in 2006. The firm invests in niche manufacturing, packaging, medical products & services, and financial services companies with enterprise values up to $150 million. The general partners average over 15 years of private equity experience having previously worked together at Charter Oak Capital Partners. Charter Oak Equity always seeks to partner with management to improve growth and profitability, and where appropriate, they take active line roles on a temporary basis. The general partners have personally invested in all of the Firm's transactions. For more information, visit www.charteroak-equity.com.