Patriot Capital Group, a multi-strategy middle market investment manager and advisory services platform announced today it has hired Jeff Rummell to lead its finance and accounting efforts for the firm. Mr. Rummell will be responsible for all finance and accounting activity for the Patriot Capital Family of Funds; Bengur Bryan, the firm’s corporate advisory and investment banking business; and Exeter Street Capital, the firm’s lower middle market micro-cap merchant banking strategy.
Mr. Rummell brings over 15 years of experience with EY, Laureate Education and, most recently, with Blackstone Group.
Charles McCusker, Managing Partner of Patriot Capital Group commented, “We are delighted to be able to add such an experienced finance executive to the Patriot Capital Group. As we continue to grow our 20-year alternative asset management business with our institutional investors, Jeff is uniquely qualified to lead the financial functions of the firm in these efforts.”
Mr. Rummell commented, “The Patriot Capital Group has developed an excellent investment platform for investors seeking to deploy capital in alternative debt and equity assets and I am excited to be an integral part of the firm’s next growth stage.”
Patriot Capital Group is pleased to announce an add-on subordinated debt investment to support the merger of its existing portfolio company, Maysteel Industries, LLC (“Maysteel” or the “Company”) with Porter’s Group. Patriot originally invested subordinated debt and equity in Maysteel in 2017 in support of Littlejohn Capital, LLC and the Company’s acquisition of DAMAC Products, LLC.
Maysteel specializes in designing, engineering, and manufacturing custom sheet metal enclosures, cabinets, kiosks, and racks for specific industry solutions from its locations in Wisconsin, California, and Monterrey, Mexico. Porter’s Group, founded in 1964, is a custom metal fabricator serving 20 diverse industries from its three manufacturing locations in Lynchburg, Virginia; Sumter, South Carolina; and Garland, Texas. Porter’s is the largest metal fabricator of sheet metal and safes for the North American banking industry. The combined company, which will continue to operate under the Maysteel brand, will have over 1,000 employees with six manufacturing locations covering the U.S. and Mexico, and manufacturing partner locations in Europe. Guy Roberts, formerly CEO of Porter’s Group, will now serve as the Chief Operating Officer of Maysteel.
The merger of the two businesses creates a leading custom sheet metal fabricator serving a number of industries. With greater scale, improved market leadership, increased engineering expertise, complementary strengths and geographic reach, Maysteel now has a broader product base to offer its customers from locations needed by its customers.
For more information on this transaction, please contact Stacey Wittelsberger or Tom Holland.
Patriot Capital is pleased to announce a new senior subordinated debt and equity investment in SMG Extol, LLC (d/b/a Direct Line), made in support of Guardian Capital Partners’ investment in the company.
Direct Line is a provider of infrastructure development and support services to customers in the data center and information technology sectors. Through its involvement in the formative years of the data center industry, the company developed expertise in managing the customized data and fiber optic cabling requirements involved in the design, installation, and maintenance of data centers and is recognized today as a leading provider of solutions to customers around the world.
Patriot Capital Group is pleased to announce a new subordinated debt and equity investment in McCubbin Hosiery, LLC (“McCubbin” or “the Company”). Patriot’s investment supported Guardian Capital Partners’ and McCubbin’s acquisition of Leg Apparel, LLC.
McCubbin (www.mccubbin.com), a 60-year old leading hosiery platform, invested in New York, NY based Leg Apparel. Leg Apparel designs, sources, markets and distributes hosiery under a portfolio of private label, licensed, and proprietary brands. The combination of McCubbin and Leg Apparel creates a preeminent legwear company, collectively representing 14 key brands targeting all major end channels and various age, gender and product categories. The combined portfolio includes licensing for Stride Rite, Pendleton, Life is Good, Nine West, G.H. Bass & Co. and Stanley.
Along with this exciting portfolio of brands, the acquisition provides unique products and price points with the expertise to serve any customer throughout all channels of distribution.
Patriot Capital Group is pleased to announce a new subordinated debt investment in EastPoint Sports, Ltd. LLC (“EastPoint” or the “Company”), made in support of Mason Wells’ acquisition of the Company.
Based in Succasunna, New Jersey, EastPoint is a developer, importer, and marketer of indoor and outdoor recreational sporting goods. With an office in Shanghai, China and 3PL facilities in California and Ontario, Canada, the Company sells through retail and e-commerce channels. Owned and licensed brands include Go! Gater, Majik, Rec-Tek, Classic Sport, Narwhal, NHL, HEAD, and PENN. For more information, please visit the EastPoint website at www.eastpointsports.com.
Patriot Capital is pleased to announce a subordinated debt and equity investment in support of Maysteel Industries, LLC’s (“Maysteel”) acquisition of DAMAC Products LLC (“DAMAC”).
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Patriot Capital is pleased to announce a subordinated debt and equity co-investment in Structural and Steel Products (“SSP” or the “Company”). Patriot’s investment supported the acquisition of SSP by an affiliate of Highland Capital Management in partnership with the Company’s senior management team.Continue Reading »
Patriot Capital is pleased to announce a subordinated debt and equity co-investment in GT Technologies, Inc. (“GT” or the “Company”). Patriot’s investment, alongside senior debt from Bank of America, supported Industrial Opportunity Partners’ acquisition of GT in partnership with the Company’s current management team.Continue Reading »
Patriot Capital is pleased to announce a subordinated debt and equity investment in support of McNally Capital’s acquisition of Dedicated Computing, LLC.Continue Reading »
Patriot Capital is pleased to announce that it has invested in subordinated debt and equity for the support of Strength Capital’s acquisition of Universal Aerospace Co., Inc. Continue Reading »