News

Patriot Capital Group and Guardian Capital Partner with Management to Recapitalize Direct Line

Patriot Capital is pleased to announce a new senior subordinated debt and equity investment in SMG Extol, LLC (d/b/a Direct Line), made in support of Guardian Capital Partners’ investment in the company.

Direct Line is a provider of infrastructure development and support services to customers in the data center and information technology sectors. Through its involvement in the formative years of the data center industry, the company developed expertise in managing the customized data and fiber optic cabling requirements involved in the design, installation, and maintenance of data centers and is recognized today as a leading provider of solutions to customers around the world.

Patriot Capital Supports Guardian Capital Partners’ and McCubbin Hosiery’s Acquisition of Leg Apparel, LLC

Patriot Capital Group is pleased to announce a new subordinated debt and equity investment in McCubbin Hosiery, LLC (“McCubbin” or “the Company”). Patriot’s investment supported Guardian Capital Partners’ and McCubbin’s acquisition of Leg Apparel, LLC.

McCubbin (www.mccubbin.com), a 60-year old leading hosiery platform, invested in New York, NY based Leg Apparel. Leg Apparel designs, sources, markets and distributes hosiery under a portfolio of private label, licensed, and proprietary brands. The combination of McCubbin and Leg Apparel creates a preeminent legwear company, collectively representing 14 key brands targeting all major end channels and various age, gender and product categories. The combined portfolio includes licensing for Stride Rite, Pendleton, Life is Good, Nine West, G.H. Bass & Co. and Stanley.

Along with this exciting portfolio of brands, the acquisition provides unique products and price points with the expertise to serve any customer throughout all channels of distribution.

Patriot Capital Supports Mason Wells’ Acquisition of EastPoint Sports

Patriot Capital Group is pleased to announce a new subordinated debt investment in EastPoint Sports, Ltd. LLC (“EastPoint” or the “Company”), made in support of Mason Wells’ acquisition of the Company.

Based in Succasunna, New Jersey, EastPoint is a developer, importer, and marketer of indoor and outdoor recreational sporting goods. With an office in Shanghai, China and 3PL facilities in California and Ontario, Canada, the Company sells through retail and e-commerce channels. Owned and licensed brands include Go! Gater, Majik, Rec-Tek, Classic Sport, Narwhal, NHL, HEAD, and PENN. For more information, please visit the EastPoint website at www.eastpointsports.com.

ARCH Global Precision, LLC

ARCH Global is a leading manufacturer of extremely tight tolerance, precision components, consumable cutting tools and medical implants and instruments. ARCH sells its precision components to prominent suppliers and OEM’s in multiple end markets including automotive, aerospace, defense, medical, power generation, oil & gas and optics.

Opportunity:

ARCH Global wanted to continue to grow their business through organic growth and strategic acquisitions.

Outcome:

Patriot Capital’s initial investment supported two acquisitions. To date, seven add on investments have been completed to build product portfolio and enter new markets. Patriot later doubled its investment in the company in order to help facilitate the investment of a new round of institutional capital providers.

Patriot is well versed in the manufacturing space and understands the upfront spend and associated return on investment required to win long term program work, taking a long-term approach to building enterprise value.

More info.

Maysteel

Maysteel is a designer and manufacturer of sheet metal enclosures for OEMs. Maysteel serves a variety of end markets including retail finance/self-serve, utilities, industrials, food & beverage, IT, telecom and others.

Opportunity:

Maysteel was looking to complete the acquisition of DAMAC to expand into the data center end market.

Outcome:

Patriot proposed and executed on a mezzanine investment to support the acquisition and committed additional monies to support future growth.

More info.