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Patriot Capital II, L.P. is pleased to announce an investment in Auburn Armature, Inc. Patriot Capital provided financing to the company to support management's growth plans.
January 4, 2013
Auburn Armature, Inc. distributes and repairs electrical power equipment and provides related services in the northeastern Unites States, primarily in New York State. The Company is headquartered in Auburn, NY with four branches to serve the market.
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Patriot Capital II, L.P. provided mezzanine debt and equity in support of Inspection Oilfield Services ("IOS") acquisition of two important and highly complementary companies: JC Inspection ("JCI") and Xxtreme Pipe Services ("Xxtreme"). IOS, a Calvert Street Capital Partners portfolio company.
December 27, 2012
Founded in 2001, with locations in Houston and Midland, Texas, JCI is a leading provider of drill tool inspection and repair services. Founded in 2003, Xxtreme is a prominent provider of inspection, API threading, repair and storage services for oil country tubular goods ("OCTG") in Houston and south Texas. The combination with JCI and Xxtreme represents another important chapter in IOS's growth strategy and solidifies its position as the leading independent provider of inspection services for OCTG and drill tools. With 28 fixed locations across Louisiana, Texas, New Mexico, Kansas, Nebraska, North Dakota, West Virginia, Pennsylvania, New York and Ohio, and significant mobile inspection operations, IOS serves every major shale play in the continental United States (www.iosinspection.com). Kevin McKay, CEO of IOS, commented: "JCI and Xxtreme represent two very strong companies, both of whom we have known and admired for a number of years, and we are very excited to welcome them to the IOS team. With shared cultures focused on safety, quality, and customer service, both JCI and Xxtreme will greatly enhance IOS's overall service offering, footprint and talent."
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Patriot Capital II, L.P. is pleased to announce the successful acquisition of CSP Business Media, LLC by Redwood Acquisitions, Inc.
August 14, 2012
Patriot Capital II, L.P. provided subordinated notes and equity in support of the acquisition. CSP is the leading business-to-business media and information company serving the convenience retailing, restaurant, and on-the-go food industries. CSP was founded in 1980 and is based in Chicago, IL and Washington, DC. As part of the transaction, Redwood Acquisitions, Inc.'s management team will assume the executive responsibilities at CSP. Redwood Acquisitions, Inc. is an investment vehicle founded by Mike Wood, Sr. and Mike Wood, Jr. to invest in leading B2B media companies.
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Patriot Capital II, L.P. is pleased to announce the successful financing of the recapitalization of NC Dynamics Incorporated by GroupAero, a portfolio company of Corinthian Capital Group.
May 7, 2012
The acquisition of NC Dynamics will add to the existing platform investment of Corinthian Capital including Stadco and Valley Tool & Manufacturing. Patriot participated in the financing with Corinthian Capital, Brookside Mezzanine Partners and Catalus Capital. GroupAero is an integrated group providing engineering, design and precision manufacturing services to the commercial aerospace and defense industries.
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Patriot Capital II, L.P. is pleased to announce the successful merger of ALON, Inc. and XL Associates, Inc., a portfolio company of The Halifax Group.
April 25, 2012
Patriot Capital II, L.P. provided subordinated and convertible notes in support of the acquisition. XL Associates, Inc. provides acquisition lifecycle support, grants lifecycle management, and professional services for agencies, governments, and commercial customers. The company's services also include project management, acquisition and contracting support, and work-surge manpower support. XL Associates, Inc. was founded in 1989 and is based in McLean, Virginia. ALON, Inc. is a value-added provider of program management support for information technology and mission support programs for the Federal Government. ALON, Inc.'s program management support services include: traditional project scheduling; budget management; compliance with government directives; and validating IT solutions through our enterprise architecture, information security, and requirements management expertise. ALON, Inc. was founded in 2004 and is based in Springfield, Virginia.
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Patriot Capital II, L.P. is pleased to announce the successful acquisition of Van Products Company and UniPro Unlimited, Inc. by Center Manufacturing, Inc., a portfolio company of Industrial Opportunity Partners.
March 6, 2012
Patriot Capital provided subordinated debt in support of the acquisition. Center Manufacturing, Inc. manufactures highly engineered, complex and customized metal assemblies and components, primarily sold to OEMs in the heavy and medium duty truck, power sports, motorcycle, construction and agricultural markets.
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Patriot Capital II, L.P. is pleased to announce the successful investment of growth capital into Mimeo.com, Inc.
January 11, 2012
Patriot Capital and existing investors invested subordinated debt and equity to provide capital to allow the company to grow internationally and domestically. Mimeo provides online, on-demand document printing and distribution. Mimeo serves customers through a cloud based model called PaaS (Printing as a Service) which places direct access and control into the hands of customers and partners.
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Patriot Capital is pleased to announce the merger of Vantage Media to BrokersWeb.
October 20, 2011
Patriot Capital and BIA Digital Partner provided financing and equity in support of the merger.
Vantage Media is a technology-driven vertical performance marketing company serving nationwide clients in the education, insurance and moving verticals. BrokersWeb is the fastest growing leader in pay-per-click (PPC) advertising in the insurance and financial services verticals.
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Patriot Capital is pleased to announce the successful acquisition of R&D Circuits, Inc. alongside Guardian Capital Partners.
July 14, 2011
Patriot Capital provided subordinated debt and equity financing in support of the acquisition. R&D Circuits is a leading designer and manufacturer of advanced printed circuit boards which are used to test the most advanced integrated circuits being used in computer, server, and smartphone markets.
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Patriot Capital II, L.P. is pleased to announce the successful completion of the acquisition of Chandler Industries, Inc. alongside Arch Equity Partners.
June 21, 2011
Patriot Capital provided subordinated debt and equity financing in support of the acquisition. Chandler Industries is a contract manufacturer of precision machined components, subassemblies and complete assemblies. Chandler Industries specializes in machining difficult types of materials for demanding customer applications. With a strong customer base and new international facilities, Chandler is well positioned to continue to grow on a worldwide basis.
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Patriot Capital II, L.P. is pleased to announce the successful acquisition of Moeller Products Co., Inc. by Center Manufacturing, Inc., a portfolio company of Industrial Opportunity Partners.
June 1, 2011
Patriot Capital provided subordinated debt in support of the acquisition. Center Manufacturing, Inc. manufactures highly engineered, complex and customized metal assemblies and components, primarily sold to OEMs in the heavy and medium duty truck, power sports, motorcycle, construction and agricultural markets.
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Patriot Capital II, L.P. is pleased to announce an investment in PPI-Time Zero.
March 17, 2011
Patriot Capital provided acquisition and growth financing to enable the acquisition of the Company by Guardian Capital Partners and management and to provide capital for facilities expansion. Headquartered in Paterson, New Jersey, PPI is a leading electronics manufacturing services ("EMS") company which provides contract manufacturing of highly reliable components to the aerospace, defense, medical and industrial electronics industries. With 40 years of service within the EMS industry, PPI is known for its superior quality manufacturing of mission-critical products in the low-to-medium volume production environment.
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Patriot Capital II, L.P. is pleased to announce an investment in KLMK Group, Inc.
January 13, 2011
Patriot Capital provided financing that will allow the Company to accelerate growth, ensure long-term stability while maintaining the culture and unique level and quality of its service offerings. KLMK, based in Richmond, VA, provides innovative facility solutions to visionary healthcare owners. KLMK’s consulting staff supports a variety of healthcare capital projects in the Northeastern, Mid-Atlantic, Southeastern and Southwestern United States.
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Patriot Capital II, L.P. provided $3.75 million in the form of Subordinated Debt and Equity to
finance the acquisition of Cutex and Calico Laboratories by Arch Equity Partners.
August 31, 2010
The acquisition of Cutex , the most recognized brand of nail polish remover, and Calico Laboratories, a contract fulfillment company that has been manufacturing and bottling Cutex, was completed on August 31, 2010. This combination will give retailers greater value through a single manager of the entire nail polish remover category, while at the same time streamlining their vendor base.
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Patriot Completes 20th Investment in its Third Fund.
July 29, 2010
Patriot Capital II, L.P. and Granite Creek FlexCap I, L.P. provided an $8.5 million mezzanine loan to Cyalume Technologies, Inc. Cyalume Technologies, Inc. (OTC BB: CYLU.OB) designs, develops and produces extremely reliable chemical and electronic lights for safety and security applications. Proven by the world's top militaries, Cyalume is working diligently to continue development of leading edge light technologies and deliver products to everyone that needs to see their way to safety.
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Patriot Capital, LP. Portfolio Company Adds To its Fleet.
February 22, 2010
Patriot Capital and Centerfield Capital are pleased to announce that one of our portfolio companies, Dedicated Transport Holdings, LLC, headquartered in Cleveland, Ohio, completed the the acquisition of All Star Transportation, Inc., located in Clearwater, Florida and New Castle, Delaware. All Star Transportation, Inc. provides liquid bulk trucking services to water treatment plants throughout the United States. All Star Transportation, LLC, as the company will be known going forward, will retain All Stars' management team and plans to sizably grow its driver base over the next few years. |
Patriot Capital is pleased to announce an investment in Southeast Directional Drilling LLC.
February 4, 2010
Patriot Capital provided financing to the company to support management's growth plans. Southeast Directional Drilling LLC. is a leading provider of highly technical large and medium bore directional drilling services for pipeline installation in environmentally and ecologically sensitive areas and under existing man-made infrastructure primarily for the oil and gas industry. |
Patriot Capital is pleased to announce the successful majority recapitalization
and growth capital investment of Gayesco, LLC.
January 13, 2010
Patriot Capital provided subordinated debt financing in support of the transaction. Gayesco is a Houston, TX based manufacturer of high-quality, customized temperature sensor systems for process plants where accuracy in temperature measurement is critical to ensure process efficiency, quality of product output, and safety. |
Patriot Capital II, LP is pleased to announce a $10 million investment in
The Motley Fool Holdings, Inc.
November 11, 2009
Patriot partnered with BIA Digital Partners II LP to complete the $25 million total investment. The proceeds will be used by the Company to provide shareholder liquidity, growth capital and for general corporate purposes. The Motley Fool is a multimedia financial services company dedicated to building the world's greatest investment community. |
Patriot Capital is pleased to announce the acquisition and merger of Indian Territory Holdings, LLC and Hope@Home Holdings, LLC by Home Health Holdings, Inc.
October 6, 2009
Indian Territory Holdings, LLC provides a variety of specialized and highly skilled care services, including but not limited to specialty nursing, physical therapy, occupational therapy, speech therapy, social work and certified home health aides, to patients located throughout rural Oklahoma. Hope@Home Holdings, LLC provides both skilled and unskilled nursing services in Colorado. The combined company will have locations throughout Oklahoma and Colorado. Patriot Capital provided financing to support this transaction. |
Patriot Capital is pleased to announce the successful acquisition of Avascend, Inc.
by Towne Holdings, Inc.
June 23, 2009
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. |
Patriot Capital is pleased to announce the successful growth capital investment in 1757 Golf, LLC.
May 31, 2009
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. |
Patriot Capital is pleased to announce the successful corporate spinout of Terracare from its parent American Civil Constructors.
May 28, 2009
Terracare 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. Patriot Capital provided subordinated debt and equity financing in support of the spinout. |
Patriot Capital is pleased to announce the successful refinancing of Commutair to support the Company’s long term growth objectives.
February 28, 2009
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. |
International Development LLC.
January 20, 2009
Patriot Capital is pleased to announce the successful growth capital investment into International Development Corporation to support the Company's long-term growth objectives. International Development LLC 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. |
Patriot Capital Announces the Acquisition of R&H Supply, Inc.
December 2, 2008
Patriot Capital is pleased to announce the acquisition of R&H Supply, Inc by Mangrove Equity Partners. Patriot Capital provided subordinated debt financing in support of this financing. 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. |
Patriot Capital Completes a Growth Capital Investment into AWS Convergence Technologies
August 6, 2008
Patriot Capital has provided growth capital financing in the form of Subordinated Debt and through participation in a Preferred Stock issuance to AWS Convergence Technologies, Inc. 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 Completes the Recap of Instrument Sales and Services
August 1, 2008
Patriot Capital has completed recap financing in the form of subordinated debt and preferred stock for Instrument Sales and Service, a leading 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. designer and manufacturer of a diverse set of products supporting the wireless telecommunication industry. |
Patriot Capital Announce the Final Closing of Patriot Capital II, LP
July 18, 2008
Patriot Capital has held a final closing of Patriot Capital II, LP at $180 million. In combination with its two predecessor funds, Patriot Capital I and Allegiance Capital, Patriot Capital has over $270 million of capital under management. |
Patriot Capital Completes the Management Buyout Financing of PW Stephens Environmental, Inc.
July 3, 2008
Patriot Capital announced the management buyout today of PW Stephens Environmental from its parent company. Patriot Capital provided subordinated debt financing in support of the acquisition by the management team. |
Patriot Capital Completes a Growth Capital Investment into CSS Antenna, Inc.
June 9, 2008
Patriot Capital has completed a growth capital investment into CSS Antenna, a leading designer and manufacturer of a diverse set of products supporting the wireless telecommunication industry. |
Patriot Capital Supports the Recapitalization of eServices
May 1, 2008
Patriot Capital has provided subordinated debt financing to support the recapitalization of eServices LLC, 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 Supports the Recapitalization of Hope@Home
March 1, 2008
Patriot Capital has provided financing for the recapitalization and growth of Hope@Home and Aspire Home Care. Hope@ Home provides attendant cares services to clients seeking long term-care needs over an extended period of time. Aspire Home Care provides skilled nursing services in an at home environment to its patients. |
Patriot Capital Has Initial Closing of Patriot Capital II with $145 million of capital under management
Jan 4th, 2008
Patriot Capital has completed the initial closing of Patriot Capital II with total capital commitments of $145 million. Patriot Capital II is the successor fund to Patriot Capital I and Allegiance Capital. Patriot Capital provides subordinated debt and equity investments for growing U.S. businesses. |
Patriot Capital and Allegiance Capital Invest in Paper Recovery Group
December 27th, 2007
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. PRI Group is Patriot Capital’s 4th buyout in its portfolio. |
Sinclair Broadcast Group to Invest in Patriot Capital II Fund
BALTIMORE, Dec. 18 / PRNewswire-FirstCall /
Sinclair Broadcast Group, Inc. SBGI, announced today that they intend to make an initial $3.0 million cash investment on a $20.0 million commitment to Patriot Capital II, LP. Fund. The Patriot Capital fund provides structured debt and mezzanine financing to small businesses. Patriot Capital II is the successor to Patriot Capital I, LP and Allegiance Capital LP, both small business investment companies (SBIC). Sinclair has been a limited partner in Allegiance Capital since 1999 and, over that period, invested approximately $9.2 million while realizing distributed profits of $12.5 million to date. Patriot Capital II is managed by Tom Holland, who was also a managing director of Allegiance Capital.
About Sinclair
Sinclair Broadcast Group, Inc., one of the largest and most diversified television broadcasting companies, owns and operates, programs or provides sales services to 57 television stations in 35 markets. Sinclair's television group reaches approximately 22% of U.S. television households and is affiliated with all major networks. Sinclair also holds investments in various other lines of businesses. For more information, visit the Sinclair website at http://www.sbgi.net.
Source: Sinclair Broadcast Group, Inc. |
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