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Custom Control Concepts LLC
4th Quarter 2012
- Location: Kent, WA
Patriot Capital II, L.P. is pleased to announce an investment in Custom Control Concepts LLC. Founded in 1999 and based in Kent, WA, Custom Control Concepts LLC designs, engineers, manufactures and certifies reliable digital In-Flight Entertainment and Cabin Management Systems (IFE/CMS) for the corporate, private, and VIP aircraft industry.
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Inspection Oilfield Services
4th Quarter 2012
- Location: Houston, TX
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. 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.
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Auburn Armature, Inc.
4th Quarter 2012
- Location: Auburn, NY
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. 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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CSP Business Media, LLC
3rd Quarter 2012
- Location: Mid-Atlantic
Patriot Capital II, L.P. is pleased to announce the successful acquisition of CSP Business Media, LLC by Redwood Acquisitions, Inc. 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 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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ALON, Inc. and XL Associates, Inc.
2nd Quarter 2012
- Location: Mid-Atlantic
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. 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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GroupAero
1st Quarter 2012 - Location: California and Connecticut
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. 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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Vantage Media
3rd Quarter 2011 - Location: Los Angeles, CA
Patriot Capital II, L.P. is pleased to announce the merger of Vantage Media to BrokersWeb. Patriot Capital provided financing and equity in support of the merger. Vantage Media specializes in delivering qualified customers to leading brands in the Education, Insurance and Moving verticals on a pay-for performance basis. Vantage has received numerous industry accolades and has been named to the Deloitte Fast 500 and Inc. 500. BrokersWeb is a leading premium pay-per-click (PPC) marketing network for over 150 top-rated insurance and mortgage clients. The company has grown into one of the leading ROI-driven, online marketing channels for PPC advertisers, delivering tens of thousands of ultra-targeted consumers to its clients on a daily basis. The company's websites and publisher partners reach millions of qualified, in-market consumers every month. BrokersWeb was recognized in 2011 as the #1 fastest growing insurance company in the Inc. 500.
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Mimeo.com
2nd Quarter 2011 - Location: New York, NY
Patriot Capital II, L.P. is pleased to announce the successful investment of growth capital into Mimeo.com, Inc. 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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Center Manufacturing
2nd Quarter 2011 - Location: Grand Rapids, MI
Patriot Capital made a subordinated debt investment to support Center Manufacuring's acquisition of Moeller Products, based in Mississippi. Center manufacturers highly engineered, complex and customized metal assembies and components for the heavy and medium duty truck, power sports, motorcycle and agricultural markets. Moeller is the leading manufacturer of dipsticks and fuel filler caps to the heavy duty equipment industry.
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Chandler Industries
2nd Quarter 2011 - Location: Montevideo, MN
Patriot Capital invested preferred equity and subordinated debt to support the acquisition of Chandler Industries by management and Arch Equity Partners. Chandler Industries is a specialty contract manufacturer of precision machined components, subassemblies and complete assemblies serving larger industrial customers. Chandler specializes in machining difficult types of materials for demanding customer applications.
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R&D Circuits
2nd Quarter 2011
Location: South Plainfield, NJ and Allentown, PA
Patriot Capital provided subordinated debt and equity financing to support the acquisition and family transfer of ownership. The Company underwent a shareholder recapitalization led by Guardian Capital Partners. R&D Circuits is a leading designer and manufacturer of advanced printed circuit boards used to test the most advanced integrated circuits being used in the computer, serve and smartphone technology.
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PPI-Time Zero
1st Quarter 2011 - Location: Paterson, NJ
Patriot Capital II, L.P. is pleased to announce an investment in PPI-Time Zero. 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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KLMK
4th Quarter 2010 - Location: Richmond, VA
Patriot Capital II, L.P. made an investment in KLMK Group, Inc.
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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Cutex
3rd Quarter 2010 - Location: St. Louis, MO
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.
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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Cyalume Technologies
3rd Quarter 2010 - Location: West Springfield, MA
Cyalume Technologies is the world leader in the chemiluminescent industry providing dependable light for uses by military, police, fire and other public safety organizations in the U.S., NATO countries and the Middle East. Cyalume's chemical lights are depended on in emergencies such as blackouts, industrial accidents, acts of terrorism and natural disasters. A full complement of Military grade Cyalume(R) brand, Industrial grade SnapLight(R) brand and Consumer grade SafetyBright(R) brand emergency lighting solutions are manufactured at its plant in West Springfield, MA. Patriot Capital teamed with another fund to provide convertible notes to reduce existing debt balances, which will provide cash flow for the Company to execute on management’s strategic vision. |
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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. |
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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. |
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Terracare Associates
2nd Quarter 2009 - Location: Lakewood, CO
Terracare Associates 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. |
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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. |
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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. |
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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. |
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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. |
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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. |
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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. |
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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. |
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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. |
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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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