|
|
Nancy Creek Capital Management Fund II
Current Investments:
|
Conger & ElseaFounded in 1982, Conger + Elsea, an Atlanta based consulting company, provides training, consulting and software support in system safety, risk analysis and safety behavior. The company is an industry expert at finding root causes associated with human performance errors and then helping organizations repair or improve internal systems to include people, processes, hardware, facilities and information technology. The company operates within the nuclear, oil/gas, pipeline and distribution industry sectors and has more than 200 clients. Nancy Creek, Peachtree Equity Partners and Lenox Capital provided the financing for the acquisition which consisted of a $4.5 million subordinated debt facility and $1.3 million preferred equity.
|
|
Gasko RhopacHeadquartered in Medina, OH, with an additional facility in Libertyville, IL, Gasko Rhopac fabricates and converts flexible, non-metallic materials into tight tolerance parts and components that include diaphragms, seals, pressure sensitive tapes, gaskets, and vibration control & sound dampening solutions. The company serves a diverse base of customers globally in the automotive (aftermarket and OEM), consumer, electrical, fluid power, HVAC, industrial, lawn & garden, medical, and transportation markets. Supporting an acquisition by Birmingham, AL-based Lazarus Capital Partners, we invested a total of $2.3 million of capital, $2.0 million as a subordinated debt security in addition to $300K of equity.
|
Exited Investments:
|
Aerodynamics Inc.Aerodynamics, Inc. is an aviation services company with operations in Waterford, MI and Atlanta, providing a broad range of corporate shuttle and MRO services. Nancy Creek invested $2.0 million in August 2011 to fund the buyout of the Company by Scott Beale, an Atlanta-based CEO and aviation industry veteran. Our total investment in the company is $2.5 million, consisting in a mezz investment of $2 million and two $500,000 bridge investments.
|
|
Comfort Medical SupplyComfort Medical is a Florida based healthcare company which markets and distributes motorized standard power chairs, rehabilitative mobility products and other medical equipment throughout the U.S. Our total investment in the company is $4.5 million.
DTL TransportationDTL Transportation, Inc., headquartered in Sanford, FL, provides time and temperature-sensitive refrigerated trucking services. The company transports frozen seafood, foliage and flowers out of Florida and up the East coast and into the Midwest. DTL was acquired by a thirty-year industry veteran with junior capital financing totaling $7.3 million. Nancy Creek invested a total of $3.65 million in capital, $2.65 million as a subordinated debt and $1.0 million of preferred .
Industrial Piping, Inc.
Industrial Piping, Inc. (“IPI”) is a leading mechanical construction, pipe fabrication, and fire protection company serving customers throughout the U.S. Founded in 1945, IPI is headquartered in Pineville, NC with over 190,000 square feet of production space in its two production facilities in Richburg, SC and Harrisburg, NC. IPI serves a variety of sectors which use industrial process systems, including energy, chemicals, textiles, food/ag, and pharma/biomed. Nancy Creek Fund II invested $2.75 million of preferred equity in IPI to provide capital for the company’s continued growth.
|