Author: Patriot Capital

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

Patriot Capital, a multi-strategy middle market investment firm, is pleased to announce an investment in the newly formed Gautier Steel Holdings Inc. (“Gautier” or the “Company”) ESOP. Patriot partnered in the transaction with Mosaic Capital Partners, Tecum Capital and Salem Investment Partners.

Headquartered in Johnstown, PA, Gautier Steel operates a bar mill producing hot rolled carbon and alloy flats and squares, as well as a plate mill offering plate products in tool steel, stainless, and more. While both mills operate in the same location, they had previously been under separate ownership and, through this transaction, will now be under common ownership.  The Gautier facility was originally founded in 1852 and later owned by Cambria Iron Company and Bethlehem Steel Corporation for most of the 19^th and 20^th centuries.

“We are excited to partner in our first ESOP transaction with a strong, long-standing and leading producer in the steel industry. We believe the consolidation of ownership of the two mills will drive value for all stakeholders of the business going forward,” said Stacey Wittelsberger, Partner of Patriot Capital.

For more information on this transaction, please contact:
Stacey Wittelsberger, Partner
Alex Tyroler, Associate

Patriot Capital, a multi-strategy middle market investment firm, is pleased to announce a recent subordinated debt and equity co-investment in support of an add-on acquisition by American Equipment Solutions, a portfolio company of Rotunda Capital Partners.

Headquartered in Salt Lake City, UT, American Equipment Holdings is one of the largest independently owned overhead crane and hoist, weighing and measurement solutions providers in the country. With more than 60 locations serving over 8,000 customers across the United States, American Equipment’s family of companies provides comprehensive solutions for everything related to customers’ overhead crane and hoist, weighing and measurement needs, including OSHA-mandated inspections, preventative maintenance and repair field services, parts, engineering, new and replacement equipment, automated systems, system modernizations and training.

Patriot initially invested in American Equipment in June 2021 at the time of Rotunda’s formation of the American Equipment Solutions platform. Since 2021, American Equipment has completed 17 acquisitions to significantly expand the company’s breadth and depth of capabilities. The company continues to remain interested in acquiring other overhead crane, industrial scale and material handling equipment, parts and solution providers.

For more information on this transaction, please contact:
Jonathon Cope, Principal
Zac Davliakos, Senior Analyst

Patriot Capital, a multi-strategy middle market investment firm, is pleased to announce a new debt and equity co-investment in partnership with 3 Rivers Capital, SharpVue Capital, and the existing management team to support the acquisition of Magnum Systems (“Magnum” or the “Company”).

Headquartered in Lenexa, Kansas, Magnum is a designer and manufacturer of material handling and packaging systems for dry bulk materials.  The Company is recognized for its innovative material handling solutions that employ cutting-edge robotics and electronics technologies to deliver the highest levels of automated throughput with the lowest levels of energy consumption.  Magnum’s systems move material from railcar to pallet and through production facilities by providing conveyor systems, loading and unloading equipment, and robotic cells.

Don Day, President and CEO of Magnum Systems Inc., says, “Being acquired by 3 Rivers Capital is an exciting milestone for us. As a leading systems integrator and manufacturer, we always look for ways to expand our product offering. This acquisition gives us the resources to do just that. Beyond expanding our product line, our engineering and project management resources will multiply. Ultimately, this is an opportunity to better position Magnum Systems as the best resource for our clients’ systems integration projects.”

For more information on Magnum, please visit https://magnumsystems.com

For more information on this transaction, please contact:
Kyle Griffith, Managing Director
Sean Bilbrough, Vice President
Dan Yardley, Partner

Patriot Capital, a multi-strategy middle market investment firm, is pleased to announce its support of an investment in Global Behavior Education Alliance, Inc. (“GBE”), a provider of Applied Behavior Analysis (“ABA”) therapy services for children and adolescents diagnosed with Autism Spectrum Disorder (“ASD”) in the state of Tennessee. GBE currently operates five clinics across the state and serves clients across west and middle Tennessee.

“It is a real pleasure to be partnering with Mickey Atkins and Evolve Capital again in a company like GBE that performs such an important service to children and adolescents. We look forward to assisting the team in many ways to help them expand on such an important mission,” said Charles McCusker, Managing Partner of Patriot Capital.

Patriot joins an Evolve Capital-led partnership alongside IBC Funds, Mickey Atkins (former CEO of D&S Community Services, a Patriot Capital former Portfolio Company) and GBE’s founder, Dr. Tonia Ryan.

Dr. Tonia Ryan will continue with the company in the capacity of President alongside Mickey Atkins as CEO, both focused on the continued growth of GBE’s services and footprint.

For more information on this transaction, please contact:
Charles McCusker, Managing Partner
Stacey Wittelsberger, Principal
Zac Davliakos, Analyst

Patriot Capital, a multi-strategy middle market investment firm, is pleased to announce its investment in Shipley Associates, a Kaysville, Utah-headquartered provider of business development consulting and training services focused on winning business in highly complex and competitive environments. Patriot partnered with Petra Capital Partners in its investment in Shipley.

Using a worldwide network of consultants and industry thought-leaders, Shipley supports major business development projects from strategy development, process improvement, web-based and classroom training, sales enablement, capture planning and proposal writing and management of over 1,100 proposal efforts per year. Since its founding in 1972, Shipley has built an unparalleled reputation as a global leader in business development services. Shipley has provided capture management and proposal development services to 21 of the top 25 U.S. government contractors and has worked with 42 of the top 50 Fortune 500 companies to improve sales performance and pursuit win rates.

“We are thrilled to have new investment partners who are focused on facilitating Shipley’s global growth, innovation, and leveraging of technology solutions while continuing our thought leadership role in the business-winning industry. We remain dedicated to providing the industry with exceptional talent through our skilled consultants, trainers, and employees,” said Todd Barnett, Chairman & CEO of Shipley.

For more information, visit Shipley Associates. For more information on this transaction, please contact:

Dan Yardley, Managing Director
Jonathon Cope, Principal
Alex Tyroler, Associate