FNCP Portfolio

Able Card

Able Card LLC acquired in 2009, was FNCP's first portfolio investment. Able Card is a 25+ year-old company housed in a 27,000 sq. ft modern facility in Azusa, CA where it manufactures a full line of plastic cards for a variety of applications such as casino player cards, library cards, gift cards, loyalty cards, promotional cards, hotel room key cards, various ID cards such as for schools and tribal ID cards, ATM cards and membership cards. Able Card's design team can help bring customer ideas to life and do so while offering unparalleled service and outstanding quality at an affordable price. David Banducci, previously President of Harvard Card was hired in early 2016 to replace the retiring President,  Herman Ho. David, along with  two other officers, hold a significant, albeit minority, interest in the company.

Fitness Systems

Fitness Systems LLC, Fitness Systems, DBA Medical Fitness Solutions is the successor to Med-Fit Systems in which FNCP invested $3 million in the form of sub-debt with detachable warrants in 2011. Med-Fit was a 23 year-old distributor of physical therapy and health and fitness equipment including the Nautilus brand. In 2010 Med-Fit purchased the inventory, equipment and facilities used to manufacture Nautilus equipment in the US. In 2014 pursuant to a reorganization plan, Fitness Systems was formed. FNCP’s debt has since been repaid although it continues to hold warrants which are due to be redeemed in 2017.

Everson Cordage Works

Everson Cordage Works In July, 2013, FNCP completed the acquisition of Everson Cordage Works from its founders, Ed and Larry Powers. Larry, who manages the day-to-day operations, continues to hold a significant interest in the company. Established in 1979, and housed in an 80,000 sq ft facility just outside Bellingham, WA, the company produces the highest quality twine and rope (cordage) for such diverse industries as fishing and marine, sports and recreation, equestrian and rodeo, government and military, safety, hammocks, parachutes, and even artwork and sculpture. Products are sold directly to OEMs and thru a network of 35 distributors to over 135 or so active accounts located across North America (including Alaska) and Canada