News

Patriot Capital Partners with Turnwell Mental Health Network

Patriot Capital, a multi-strategy middle market investment firm, is pleased to announce a growth capital partnership with Turnwell Mental Health Network (“Turnwell”). Proceeds from the investment will be used to support the company’s growth.

Based in Dallas, TX, Turnwell is a clinician-led, integrated mental health group specializing in local and affordable care for individuals suffering from mental health disorders with a mission to expand access to high-quality care in underserved markets. Turnwell operates multiple freestanding outpatient clinics located across Arizona and Montana, with a targeted growth strategy of partnering with clinicians and practices across the country.

In Arizona, Turnwell is partnered with Scottsdale Mental Health & Wellness Institute (“SMHWI”), a top mental health and wellness center with locations in Scottsdale and Tempe, AZ, offering psychiatric evaluations, therapy, and telemedicine services. With a team of experienced psychiatrists and therapists, led by co-founders Dr. Roland Segal and Dr. Ehab Abdallah, SMHWI uses the latest technology and innovative techniques to provide the best possible care.

In Montana, Turnwell is partnered with Montana Psychiatry & Brain Health Center (“Montana Psychiatry”), a leading provider of psychiatric services in Bozeman and Billings, MT. Montana Psychiatry was co-founded over 10 years ago by Dr. Erin Amato, a psychiatrist double board certified in General Psychiatry and Child and Adolescent Psychiatry.

With the shared goal of promoting mental health and wellness, these partnerships with Turnwell will allow the practices to share cutting-edge mental health care services on a national level, reaching more patients in both large cities and rural communities.

For more information on Turnwell Mental Health Network, please visit:
https://www.turnwellmentalhealth.com

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

Patriot Capital is Pleased to Announce an Investment in Magnum Systems

Magnum-Systems

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 2021 Inaugural Responsible Investing Report

Patriot Capital, a multi-strategy middle market investment firm, today published its inaugural Responsible Investing Report, highlighting the firm’s environmental, social, and governance (“ESG”) framework and how it is advancing this strategy alongside its portfolio companies.

“We remain focused on our ESG evolution through the long-term Responsible Investing strategy we implemented in early 2020, furthered by Patriot Capital becoming a signatory of the United Nations-supported Principles for Responsible Investment (“UN PRI”) in 2021. We are committed to continuing the ESG dialogue with our portfolio companies, and internally as a firm, and we are working on transparent reporting of the key issues,” said Stacey Wittelsberger, Principal of Patriot Capital.

“Our approach to Responsible Investing spans the entire investment lifecycle, from initial screening to active portfolio management. We continue to believe that we have the potential to be an advocate for change in our industry, having a positive impact relative to ESG issues that affect our investments, our community, and our company values,” said Jon Cope, Principal of Patriot Capital.

Click here to view the report.

Patriot Capital Invests in Global Behavior Education Alliance, Inc.

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 Invests in Shipley Associates

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

Patriot Capital Group is pleased to announce a growth capital investment in ThinkBig Networks, LLC  

Patriot Capital (“Patriot”), a multi-strategy middle market investment firm, is pleased to announce a growth capital investment in ThinkBig Networks, LLC (“ThinkBig”), a leading FTTP (fiber-to-the-premises) internet service provider deploying a state-of-the-art broadband network, for residential and commercial customers, in four counties across the state of Maryland: Harford County, Kent County, Queen Anne’s County and Charles County. 

ThinkBig was founded in 2016 by Dee Anna Sobczak and Mark Wagner, two veterans in the telecom and fiber broadband networks industries. ThinkBig’s current network consists of hundreds of fiber miles and thousands of homes and businesses passed, including some of the most rural areas of the state. Patriot’s growth investment, in addition to partnerships with state and local governments, will allow the Company to accelerate its development, bringing fiber connectivity to thousands of homes and businesses in both underserved and unserved parts of the state.

“We are so excited about the opportunity in front of us, to bring fast, reliable internet service, which is a necessity in today’s world, to the homes and businesses across the state of Maryland and other neighboring regions. I am grateful to have the opportunity to partner with Patriot Capital for the second time in my career, providing me, my Co-Founder Mark and our team the assurance that we have a dedicated and supportive team to successfully execute on our vision to create digital equity for underserved communities,” said Dee Anna Sobczak, COO of ThinkBig Networks, LLC.

For more information on this transaction, please contact:

Stacey Wittelsberger, Principal
Dan Yardley, Managing Director
Zac Davliakos, Analyst

Patriot Capital Celebrates Major Milestone

Patriot Capital Group is pleased to announce an exciting milestone – our family of funds has exceeded $1 billion in total dollars invested.

Since 2000, Patriot Capital funds have made 143 platform investments in lower middle market businesses across five investment vehicles. As our portfolio has grown, so has the Patriot team – today we have offices in Baltimore, Chicago, Dallas and Charlotte.

We’re thankful for the hard work and commitment of the current and former team members of Patriot Capital over the years that have enabled us to achieve this milestone. In addition, the $1 billion mark could not have been reached without the trust placed in the Patriot team by our investors and the U.S. Small Business Administration (SBA), portfolio company management teams, referral sources, and investment partners. We are grateful for the relationships and friendships that have been built over the last 22+ years and look forward to continued success and new partnerships in the years to come.

Patriot Capital is Pleased to Announce the Addition of Three New Team Members

Patriot Capital Group, a multi-strategy middle-market investment manager and advisory services platform, is pleased to announce the recent additions of Nick Dunbar, Alex Tyroler, and Zac Davliakos to the Patriot team.

Nick Dunbar joined Patriot in January 2022 as a Finance Associate. Mr. Dunbar’s addition to the Patriot platform further builds out Patriot Capital Group’s accounting, investor reporting, and financial planning capabilities. Prior to joining Patriot, Mr. Dunbar was a Senior Fund Accountant at StepStone Group (formerly Greenspring Associates). Mr. Dunbar began his career with Cohen & Company — a regional accounting, tax, and consulting firm — as a member of their investment industry services audit practice. Nick is a graduate of High Point University with a BS in Accounting and is based in Patriot’s Baltimore office. Nick is a Baltimore native, where he lives today with his wife, Julia, and dog, Brody.

Alex Tyroler joined the Patriot Capital Group in April 2022 and is based in Patriot’s Charlotte, NC, office. Mr. Tyroler joins Patriot from Citizens, where he served in the Investment Bank’s sell-side advisory team, primarily focused on consumer and multi-unit retail transactions. Prior to Citizens, Mr. Tyroler was a Senior Consultant with Elliott Davis’s Transaction Advisory Services team in Charlotte, NC, and began his career in BDO’s audit practice in McLean, VA. Alex is a graduate of Virginia Tech and holds a BS in Accounting and Information Systems. Mr. Tyroler has passed all four sections of the uniform CPA examination and is a registered representative holding an active Series 79 license. Alex is a northern Virginia native and currently lives in Charlotte with his wife, Lucy, and Goldendoodle, Charlie.

Zac Davliakos also joined the Patriot Capital Group in April 2022 and is based in Patriot’s Baltimore, MD, office. Before joining Patriot, Mr. Davliakos held roles in the Asset Management and Financial Planning & Analysis divisions of Corporate Office Properties Trust (COPT), a publicly traded REIT with investments primarily in the metro Washington, D.C., region. Mr. Davliakos began his career with the Federal Deposit Insurance Corporation (FDIC), serving in a rotational training program in the Risk Management Supervision and Consumer Protection verticals. Zac received his BS in Finance from Loyola University Maryland, where he was a four-year member of the varsity lacrosse team, serving as team captain his senior year. Zac also played with the Greek National Lacrosse Team at the 2018 World Lacrosse Championship in Israel.

Please join us in welcoming Nick, Alex, and Zac to the Patriot Capital team.

Patriot Capital Announces Investment in TopDown, Inc.

Patriot Capital (“Patriot”), a multi-strategy middle market investment firm, is pleased to announce its support of the majority recapitalization of TopDown, Inc. (“Top Down”), an industry-leading designer, manufacturer, and supplier of branded automotive aftermarket products. Patriot joins a Valesco Industries-led partnership alongside Brookside Capital Partners, Tecum Capital, and a Valesco Industries Limited Partner investing subordinated debt and equity.

TopDown, founded in 1979 and headquartered in Southern California, is the industry leader in OEM-quality replacement convertible tops which are one piece of an expansive offering that includes Jeep tops and aftermarket automotive soft goods such as seating upholstery, headliners, carpets and door panels. TopDown is committed to providing the automotive industry with leading product designs and quality, supported by excellent service levels and competitive prices. As a result of the Company’s manufacturing expertise, TopDown is a leading aftermarket provider with the capability to produce products for effectively all makes, models and production years.

For more information on this transaction, please contact:

Dan Yardley, Managing Director
Charles Adams, Associate Managing Director