Patriot Capital, a multi-strategy middle market investment firm, is pleased to announce a new debt and equity co-investment in the acquisition of PACCAR Winch, Inc. (“PACCAR Winch” or the “Company”), a leading manufacturer of hydraulic winch, hoist and drive systems and related parts and service for industrial applications across a variety of end markets and end users. Our investment supported the acquisition of PACCAR Winch by The Black Phoenix Group, a Chicago-based private investment firm.
Based in Broken Arrow, OK, the PACCAR Winch family includes the BRADEN, CARCO and Gearmatic brands which are time tested and industry trusted since 1924. The Company is a market leader in innovation, engineering and servicing products critical to its customers and end users across the industrial ecosystem globally. Patriot Capital provided debt and equity to support the acquisition of PACCAR Winch from PACCAR (Nasdaq:PCAR).
Bryce Fisher and Mark Pickett, partners at The Black Phoenix Group, said, “We are thrilled to welcome PACCAR Winch into The Black Phoenix Group family. The Company’s strong market position and commitment to quality aligns perfectly with our investment strategy to acquire leading American businesses led by excellent management teams.”
“The opportunity to join The Black Phoenix Group and the PACCAR Winch management in driving the next chapter of the Company’s story is exciting to us on many levels, from the Company’s legacy strength and market leadership to the people within and partnered with the business,” added Charles Adams, Associate Managing Director at Patriot Capital.
Patriot partnered in this investment with Bluehenge Capital Partners, a Baton Rouge-based private equity and private credit investment firm.
For more information on this transaction, please contact:
Charles Adams, Associate Managing Director
Sean Bilbrough, Vice President