Patriot Capital is pleased to announce its recent financing of Metro Boiler Tube Company, Inc. (“Metro”). With this investment, Patriot provided mezzanine financing and preferred equity to support a recapitalization of the business by Metro’s senior management team. Metro’s senior leaders each have long tenures with the company, during which they have developed deep customer relationships and operational expertise. Patriot is excited to partner with the Metro management team to support the continued growth of the business.
Established in 1989, Metro offers a full spectrum of boiler tube fabrication, cutting, and distribution, which includes press bending, welding, painting, polishing, and testing. Metro’s tubing serves a diverse group of industries in the power and industrial sectors, including utilities, pulp and paper, petrochemical, and sugar. The company has its headquarters and main operations in Ringgold, GA and also operates a facility in Gonzalez, LA.