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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 ACC Landscape Services, LLC from its parent American Civil Constructors.
May 28, 2009
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. 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. | | |
