Patriot Capital is pleased to announce the successful acquisition of Avascend, Inc. by Towne Holdings, Inc.

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.