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PRI Group
4th Quarter 2007 - Location: Chicago, IL
The management team of Paper Recovery approached Patriot Capital to support the management buyout of Paper Recovery and Coyote Transportation from its current owner. Patriot Capital and Allegiance Capital, the successor funds to Patriot Capital II, closed the management buyout of Paper Recovery Group. PRI Group is one of the leading processors and brokers of recycled paper and plastics serving the Chicago area. Patriot and Allegiance supported the management buyout with a combination of preferred stock and subordinated debt capital. Patriot Capital also recruited industry veterans to serve on the Board of the Company to assist the management in evaluating strategic initiatives and acquisition opportunities. PRI Group is Patriot Capital’s 4th buyout in its portfolio. |
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Terminal Transportation Company
2nd Quarter 2007 - Location: Concord, NC
An industry operating veteran approached Patriot Capital to assist him in purchasing a family-owned transportation and logistics company serving the southeast regional market. With experience in advising and investing in transportation companies, Patriot recognized a unique opportunity to enter a regional market with attractive long term growth opportunities. Patriot Capital invested both equity and sub-debt to support this acquisition and assisted in recruiting a veteran management team to run the Company. |
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Newmar
2nd Quarter 2007 - Location: Santa Ana, CA
Newmar, a 40-year old marine and telecom battery manufacturer, had recently experienced the unfortunate passing of its original founder. The Company had a veteran management team that was continuing with the business. Patriot Capital provided sub-debt and equity to support the acquisition of the business from the Founder's trust and developed an incentive stock purchase plan for the management team. |
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Sequel Youth and Family Services
1st Quarter 2007 - Location: Leesburg, VA
Sequel Youth and Family Services is a for-profit education and correctional facility services company. The Company develops and operates programs for at-risk and delinquent juveniles. Sequel's management team approached Patriot Capital with a five year business plan and financing strategy that would allow the Company to execute its internal growth, acquisition strategy and meet the shareholder needs. Patriot Capital presented a structural alternative to equity financing that would meet management and shareholder needs and enable the company to successfully execute its strategy. |
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Holdaway Medical Services, LLC
4th Quarter 2006 - Location: Louisville, KY
The Company provides a wide range of home medical equipment and medical supplies to patients in their homes or long-term care facilities. HMS offers a full spectrum of products including oxygen, durable medical equipment, sleep apnea products, disposable medical supplies, enteral nutrition, insulin pumps and other infusion pumps and therapy supplies. The Company is fully accredited by the Joint Commission on Accreditation of Healthcare Organizations (“JCAHO”). |
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Controlled Contamination Services
3rd Quarter 2006 - Location: San Diego, CA
A potential buying group approached Patriot Capital about the opportunity to acquire this high end contamination control service provider to bio-pharmaceutical and electronic clean rooms. Based on our experience in the industry, we quickly analyzed the opportunity and approached the selling founders with the buying group to propose a recapitalization and growth equity investment. We structured an investment whereby the existing owner operators were incented with the investors to grow the business, while still being able to reduce their overall personal net worth risk. |
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Turning Technologies
2nd Quarter 2006 - Location: Youngstown, OH
Turning Technologies is an innovative technology products company offering an interactive group response systems solution. The Company's software and hardware products enable presenters in group environments to gather real-time response data from virtually any size audience and easily and instantaneously integrate the response results into a PowerPoint presentation format. This facilitates instantaneous total group involvement, interactivity and data capture. Patriot Capital provided financing to support the recapitalization and rapid growth opportunities of this business. |
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Eagle Health Care
2nd Quarter 2006 - Location: Philadelphia, PA
Eagle Health Care specializes in the selling and marketing of pneumatic compression pumps that are contract manufactured in the United States. This effort is targeted to certain physician groups for use by their patients suffering from various lymphedema, general edema, venous insufficiencies and open and post-surgical wounds. Eagle Health Care is the market leader in this sector of the healthcare market. Patriot Capital was approached by a buying group to assist in the capitalization of the buyout. Patriot structured an investment to support the buyout, growth and management incentives of this business. |
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Fairfield Mint
2nd Quarter 2006 - Location: Norwalk, CT
Fairfield Mint is one of the largest direct marketers of die cast automobiles and historical replicas. A direct marketing industry veteran approached Patriot interested in acquiring the business and using it as a platform to acquire other direct marketing businesses. Patriot structured an investment that would support both the current transaction as well as future acquisitions. |
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Expert Janitorial Services
1st Quarter 2006 - Location: Bensalem, PA
Expert Janitorial Services is an outsourced provider of janitorial services to supermarkets and medical office buildings. Patriot Capital supported the leveraged recapitalization of Expert with investments in subordinated debt and preferred equity. |
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D&S Residential Services
1st Quarter 2005 - Location: Austin, TX
D&S Residential Services is a manager of group homes for mentally disabled clients in Texas and Tennessee operating over 120 facilities in those states. Patriot Capital supported the leveraged recapitalization of D&S with investments in subordinated debt and equity. Through the structure, the two founders were able to retain a significant equity position in the new entity and the Company was able to transition ownership and continue its growth plan with no interruption in performance. Subsequent to the initial closing, Patriot provided additional capital to support the acquisition of additional homes within the Company's service markets. |
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Dedicated Transport
4th Quarter 2004 - Location: Cleveland, OH
The management of Dedicated Transport, a contract carriage logistics company, was presented with the opportunity to purchase this division of Manfredi Motor Transport. Patriot Capital, in conjunction with another SBIC, co-sponsored the spinout of this division into a separate entity. Patriot and Centerfield Capital provided equity and subordinated debt financing and secured senior financing for the company. The unique capital structure created enabled the management team to achieve significant upside potential in their investment and freely capitalize on growth potential and cashflow of the business. |
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Advanced Call Center Technologies
4th Quarter 2004 - Location: Bala Cynwyd, PA
Advanced Call Center Technologies, an accounts receivable management and fraud prevention business services company was looking to refinance a portion of its senior bank loan and secure growth capital to support infrastructure investments related to two recently generated financial services customers. Patriot partnered with the existing investors to provide the needed capital to support the growth of the business. |
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Airoom
2nd Quarter 2004 - Location: Chicago, IL
Airoom is the largest design-and-build remodeler in the United States and is currently focused on the greater Chicago market. The founder's son, who is an integral part of the management team, in partnership with a nationally recognized equity investor, decided to initiate and complete a leveraged recapitalization. This allowed the son and the management team to properly capitalize the company for strong future growth and institute an attractive goal oriented management incentive program. Patriot Capital partnered with the equity investor and one other institutional investor to support this transaction. |
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ARGI
1st Quarter 2004 - Location: Montvale, NJ
The founder of Automated Resources Group ("ARGI"), a 30 year-old data management and subscription fulfillment company, decided that he would like to diversify some of his holdings and continue to participate in the ongoing management and upside potential of the Company. Patriot teamed with two private equity firms and a new CEO in the acquisition of ARGI by providing subordinated debt financing to support the transaction. |
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