Patriot Capital has extensive experience investing equity and debt capital into high growth companies. The following companies represent Patriot Capital II’s current Investment Portfolio:
Auburn Armature, Inc.4th Quarter 2012 Auburn, NY
Patriot Capital II, L.P. is pleased to announce an investment in Auburn Armature, Inc. Patriot Capital provided financing to the company to support management’s growth plans. Auburn Armature, Inc. distributes and repairs electrical power equipment and provides related services in the northeastern Unites States, primarily in New York State. The Company is headquartered in Auburn, NY with four branches to serve the market.
ALON, Inc. and XL Associates, Inc.2nd Quarter 2012 Mid-Atlantic
Patriot Capital II, L.P. is pleased to announce the successful merger of ALON, Inc. and XL Associates, Inc., a portfolio company of The Halifax Group. Patriot Capital II, L.P. provided subordinated and convertible notes in support of the acquisition. XL Associates, Inc. provides acquisition lifecycle support, grants lifecycle management, and professional services for agencies, governments, and commercial customers. The company’s services also include project management, acquisition and contracting support, and work-surge manpower support. XL Associates, Inc. was founded in 1989 and is based in McLean, Virginia. ALON, Inc. is a value-added provider of program management support for information technology and mission support programs for the Federal Government. ALON, Inc.’s program management support services include: traditional project scheduling; budget management; compliance with government directives; and validating IT solutions through our enterprise architecture, information security, and requirements management expertise. ALON, Inc. was founded in 2004 and is based in Springfield, Virginia.
Vantage Media3rd Quarter 2011 Los Angeles, CA
Patriot Capital II, L.P. is pleased to announce the merger of Vantage Media to BrokersWeb. Patriot Capital provided financing and equity in support of the merger. Vantage Media specializes in delivering qualified customers to leading brands in the Education, Insurance and Moving verticals on a pay-for performance basis. Vantage has received numerous industry accolades and has been named to the Deloitte Fast 500 and Inc. 500. BrokersWeb is a leading premium pay-per-click (PPC) marketing network for over 150 top-rated insurance and mortgage clients. The company has grown into one of the leading ROI-driven, online marketing channels for PPC advertisers, delivering tens of thousands of ultra-targeted consumers to its clients on a daily basis. The company’s websites and publisher partners reach millions of qualified, in-market consumers every month. BrokersWeb was recognized in 2011 as the #1 fastest growing insurance company in the Inc. 500.
Mimeo.com2nd Quarter 2011 New York, NY
Patriot Capital II, L.P. is pleased to announce the successful investment of growth capital into Mimeo.com, Inc. Patriot Capital and existing investors invested subordinated debt and equity to provide capital to allow the company to grow internationally and domestically. Mimeo provides online, on-demand document printing and distribution. Mimeo serves customers through a cloud based model called PaaS (Printing as a Service) which places direct access and control into the hands of customers and partners.
Chandler Industries2nd Quarter 2011 Montevideo, MN
Patriot Capital invested preferred equity and subordinated debt to support the acquisition of Chandler Industries by management and Arch Equity Partners. Chandler Industries is a specialty contract manufacturer of precision machined components, subassemblies and complete assemblies serving larger industrial customers. Chandler specializes in machining difficult types of materials for demanding customer applications.
PPI-Time Zero1st Quarter 2011 Paterson, NJ
Patriot Capital II, L.P. is pleased to announce an investment in PPI-Time Zero. Patriot Capital provided acquisition and growth financing to enable the acquisition of the Company by Guardian Capital Partners and management and to provide capital for facilities expansion. Headquartered in Paterson, New Jersey, PPI is a leading electronics manufacturing services (“EMS”) company which provides contract manufacturing of highly reliable components to the aerospace, defense, medical and industrial electronics industries. With 40 years of service within the EMS industry, PPI is known for its superior quality manufacturing of mission-critical products in the low-to-medium volume production environment.
Terracare Associates2nd Quarter 2009 Lakewood, CO
Terracare Associates is a leading provider of infrastructure outsourcing and landscape maintenance services to municipal, commercial, industrial and institutional customers in Colorado and Northern California. The Company maintains long-term contractual relationships with over 600 municipalities, property owners, property managers and public agencies for landscape maintenance services.
CommutAir1st Quarter 2009 Burlington, VT
CommutAir is a, privately owned, Continental Airlines contracted, commuter airline based in South Burlington, Vermont with operations serving Continental’s hubs at Cleveland, Ohio and Newark, New Jersey. The company operates a fleet of 16 Bombardier Q-200 aircraft from those hubs to 22 cities within roughly 300 miles of the hub in the Northeast and Upper Midwest regions of the United States, as well as Canada. Annually the company completes over 36,000 flights, transporting more than 800 thousand passengers. Patriot Capital’s investment in CommutAir refinanced existing debt.
International Development LLC4th Quarter 2008 Roanoke, TX
International Development LLC (“IDC”) is a licensee of the Westinghouse brand for solar landscape lighting. The Company is a global leader in the development and marketing of residential solar, low voltage and other LED lighting products. IDC is focused on innovative product development aimed to serve its customer’s needs. The Company’s lighting products can be found at major retailers throughout the United States and Canada.
Instrument Sales and Service, Inc.3rd Quarter 2008 Portland, OR
Instrument Sales and Service, Inc. is a proven supply chain management and logistics company providing manufacturing, remanufacturing, sourcing and distribution services of high-quality low volume aftermarket automotive parts to the vehicle and heavy duty equipment market. Patriot Capital was presented with the investment opportunity and determined it was in its investors best interest to invest both debt and equity to support the recapitalization of the business.
AWS Convergence Technologies, Inc.3rd Quarter 2008 Germantown, MD
AWS Convergence Technologies, Inc. is a leading technology company that connects consumers, businesses, and advertisers with weather content using precise technology-based solutions. The Company delivers highly differentiated local content via (i) the WeatherBug desktop application (ii) syndication partnerships with television outlets and (iii) in conjunction with wireless carriers. The Company also provides localized weather content to government agencies and commercial business through professional services. Patriot Capital invested growth capital into AWS in the for of subordinated debt and preferred stock.
Home Health Holdings1st Quarter 2008 Dallas, TX
Home Health Holdings is the holding company for two home healthcare services businesses. The Home Health Holdings subsidiary provides attendant cares services to clients seeking long term-care needs over an extended period of time. The Aspire Home Care subsidiary provides skilled nursing services in an at home environment to its patients. Patriot Capital provide subordinated debt and equity financing for the recapitalization of this platform company in the home healthcare services sector.