Patriot Capital and Allegiance Capital Invest in Paper Recovery Group

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.