Patriot Capital, a multi-strategy middle market investment firm, is excited to announce a new debt and equity co-investment in partnership with Granite Creek Capital Partners and existing management to support the acquisition of Salem One.
Headquartered in Winston-Salem, NC, Salem One is a leading provider of corporate communication solutions, including direct marketing, packaging, and logistics services. The acquisition includes an investment from Granite Creek Capital Partners and roll-over investments led by Phil Kelley, Jr., CEO and President of Salem One, and Scott Mahoney, a long-time shareholder and previous Chairman of Salem One.
“We welcome Granite Creek and Patriot Capital to the Salem One family,” said Phil Kelley, Jr. “Their investment capital will help the company expand our product offerings and broaden our geographic footprint. We are excited for the future of Salem One and the support our new partners bring.”
For more information on this transaction, please contact:
Kyle Griffith, Managing Director
Charles McCusker, Managing Partner
Zac Davliakos, Senior Analyst