Patriot Capital is pleased to announce a subordinated debt and equity investment in Union Corrugating Company (“Union” or the “Company”). Patriot’s investment, alongside senior debt from PNC Business Credit, supported Industrial Opportunity Partners’ acquisition of Union in partnershipwith the Company’s current management team.
Union, headquartered in Fayetteville, NC, is a manufacturer and distributor of metal roofing systems and roofing components. The Company is a leading supplier to the residential, agricultural, and commercial roofing end markets. From 11 production facilities throughout the United States, Union serves more than 1,200 commercial customers, including home centers, lumber retailers, wholesalers, and contractors.