FNCP II Portfolio

PRC Composites

PRC Composites In January, 2015, FNCP II completed its first investment whereby it acquired control of this specialty manufacturer located in Ontario, CA. Previously named Plastics Research Corp (PRC), FNCP renamed and re-branded this maker of customized shipping containers and other commercial products as PRC Composites. Major customers include General Atomics (the Predator drone), Boeing (the J-Dam smart bomb), and the US Gov’t (PALCON). In 2015, the first year of FNCP II majority ownership, the company earned almost $2 million on revenue of $17 million. In 2016, company earnings exceeded $4 million on revenue in excess of $21 million. Gene Gregory, the company’s current and long-time CEO who continues to hold a major equity stake in the company, expects 2017 to be another ‘banner year’.


Advance Adapters

Advance Adapters LLC In January of 2017, FNCP II acquired a controlling interest in this Paso Robles, CA based manufacturer of specialized automotive after-market parts including the well known Atlas Transfer Case. Mike Partridge, the company’s President, continues to own a significant minority interest in the company which he ‘inherited’ from his father who founded the company along with another gentleman more than 45 years ago. Operating out of a 44,000 square ft modern facility, the company produces highly engineered drive train components and engine parts and mounts as well as exhaust headers and other related parts primarily used by the off-road enthusiast. The company sells its products to literally hundreds of specialized distributors, retailers and fabrication shops as well as directly to the consumer by way of a major internet retail business.