Patriot is pleased to announce a subordinated debt and equity investment in PCN Network, Inc. (“PCN”). Stonewood Capital and its affiliates partnered with senior management and Patriot Capital to purchase the assets of PCN. PCN’s previous shareholders will also continue to hold a minority stake in the business.
PCN is headquartered in Pittsburgh and provides services to lenders, title insurance underwriters and title agents in connection with real estate mortgage transactions. PCN’s senior management will continue to lead the company in the growth of its business and the pursuit of new product lines.