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Gayesco
4th Quarter 2009 - Location: Houston, TX
Gayesco International (GI) is a manufacturer of systems and components that are used to improve the efficiency and safety of petroleum refineries worldwide, by providing critically accurate temperature measurement throughout various refinery-processing tanks. Patriot Capital provided senior and subordinated debt to support the recapitalization of this business by management and an equity firm. |
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STX Healthcare Services
4th Quarter 2009 - Location: Southern US
STX is a dental practice management services company that provides back office and management services to dental clinics throughout the Southeast. Patriot Capital was approached to provide financing to support a recapitalization and growth financing for this company to support continued geographical expansion of the business model. |
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The Motley Fool
4th Quarter 2009 - Location: Alexandria, VA
The Motley Fool is the most recognized on-line provider of financial newsletters in the financial services industry. Patriot Capital was approached by the management of The Motley Fool to provide financing to support a shareholder buyback program of its original founding venture capital investor. Patriot Capital teamed with another firm to provide several tranches of financing under a structure that supported the dilution goals of management. |
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Southeast Directional Drilling
4th Quarter 2009 - Location: Casa Grande, AZ
Southeast Directional Drilling was founded in 2002 and provides large bore directional drilling services to the large diameter pipeline construction industry. The Company provides technical directional drilling services for pipeline installation in environmentally and ecologically sensitive areas and under existing man-made infrastructure. Patriot Capital provided subordinated debt financing for the recapitalization of this business. |
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Towne Park
2nd Quarter 2009 - Location: Annapolis, MD
Towne Park is the national leader of hospitality contract services and parking systems. Towne Park provides hospitality staffing and parking solutions including valet parking, door and bell, and parking management services and systems. Towne Park now has over 6,000 employees serving over 200 hospitality destinations and 125 hospitals in 50 plus markets nationwide. Patriot Capital provided subordinated debt financing in support of the transaction. |  | |
1757 Golf
2nd Quarter 2009 - Location: Northern Virginia
1757 Golf, LLC has been formed to complete and manage a daily-fee premium golf course in Northern Virginia. Patriot Capital teamed up with Billy Casper Golf, one of the largest golf course management companies in the United States, to fund the completion of construction of the golf course and provide initial working capital. 1757 Golf opened for business in May 2009 and is expected to have all 18 holes ready for play in May 2010. |  | |
ACC Landscape Services, LLC
2nd Quarter 2009 - Location: Lakewood, CO
ACC Landscape Services is a leading provider of infrastructure outsourcing and landscape maintenance services to municipal, commercial, industrial and institutional customers in Colorado and Northern California. The Company maintains long-term contractual relationships with over 600 municipalities, property owners, property managers and public agencies for landscape maintenance services. |  | |
CommutAir
1st Quarter 2009 - Location: South Burlington, Vermont
CommutAir is a, privately owned, Continental Airlines contracted, commuter airline based in South Burlington, Vermont with operations serving Continental’s hubs at Cleveland, Ohio and Newark, New Jersey. The company operates a fleet of 16 Bombardier Q-200 aircraft from those hubs to 22 cities within roughly 300 miles of the hub in the Northeast and Upper Midwest regions of the United States, as well as Canada. Annually the company completes over 36,000 flights, transporting more than 800 thousand passengers. Patriot Capital’s investment in CommutAir refinanced existing debt. |  | |
International Development LLC.
4th Quarter 2008 - Location: Roanoke, TX
International Development LLC (“IDC”) is a licensee of the Westinghouse brand for solar landscape lighting. The Company is a global leader in the development and marketing of residential solar, low voltage and other LED lighting products. IDC is focused on innovative product development aimed to serve its customer’s needs. The Company’s lighting products can be found at major retailers throughout the United States and Canada. |  | |
R&H Supply, Inc.
4th Quarter 2008 - Location: Broussard, LA
R&H Supply Inc. provides distribution and logistics support to the operations of land-based natural gas and oil drilling rigs in major US drilling regions and to offshore rigs in the Gulf Coast region. From the Company’s ten locations, it is a value-added distributor of expendables, consumables, lubricants, tools, and general products to remote rigs owned and operated by contract drillers. The Company services rigs in the most important drilling areas of the U.S. including the Anadarko and Arkoma basins in Oklahoma and Texas, the North Texas Barnett Shale, East Texas, and the Rocky Mountain Region of Wyoming, Colorado and Utah. Patriot’s investment supported the acquisition of the Company by Mangrove Equity Partners. |  | |
PW Stephens Environmental, Inc.
3rd Quarter 2008 - Location: Huntington Beach, CA
PW Stephens Environmental, Inc. is the largest asbestos removal, lead abatement and mold remediation service provider in the Western United States. PW Stephens’ management was introduced to Patriot Capital when they were looking to lead a management buyout from its parent company. Patriot Capital has significant experience investing in the business and consumer services industry and was quickly able to structure and close an investment in a rapid time frame that met the parent company and the management team’s needs. |  | |
Instrument Sales and Service, Inc.
3rd Quarter 2008 - Location: Portland, OR
Instrument Sales and Service, Inc. is a proven supply chain management and logistics company providing manufacturing, remanufacturing, sourcing and distribution services of high-quality low volume aftermarket automotive parts to the vehicle and heavy duty equipment market. Patriot Capital was presented with the investment opportunity and determined it was in its investors best interest to invest both debt and equity to support the recapitalization of the business. |  | |
AWS Convergence Technologies, Inc.
3rd Quarter 2008 - Location: Germantown, MD
AWS Convergence Technologies, Inc. is a leading technology company that connects consumers, businesses, and advertisers with weather content using precise technology-based solutions. The Company delivers highly differentiated local content via (i) the WeatherBug desktop application (ii) syndication partnerships with television outlets and (iii) in conjunction with wireless carriers. The Company also provides localized weather content to government agencies and commercial business through professional services. Patriot Capital invested growth capital into AWS in the for of subordinated debt and preferred stock. |  | |
CSS Antenna, Inc.
2nd Quarter 2008 - Location: Edgewood, MD
CSS Antenna designs and manufacturers a diverse set of products supporting the wireless industry. The Company developed its first antenna in 1997 and currently offers a wide range of products including primary antenna designs, filters, amplifiers, and supporting monitor and control software. Patriot Capital provided a subordinated debt investment to support the growth initiatives of the Company. |  | |
eServices
2nd Quarter 2008 - Location: Richmond, VA
eServices LLC. is a natural gas management services company that provides asset optimization, gas supply and risk management services to local distribution gas utilities, industrials and producers in the Mid-Atlantic area. Patriot Capital provided a portion of the subordinated debt to support the recapitalization of the Company by Management and AP Capital Partners. |  | |
Home Health Holdings
1st Quarter 2008 - Location: Dallas, TX
Home Health Holdings is the holding company for two home healthcare services businesses. The Home Health Holdings subsidiary provides attendant cares services to clients seeking long term-care needs over an extended period of time. The Aspire Home Care subsidiary provides skilled nursing services in an at home environment to its patients. Patriot Capital provide subordinated debt and equity financing for the recapitalization of this platform company in the home healthcare services sector. |
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