Atlanta (January 15, 2013) Nancy Creek Capital has successfully exited its investment in Tech Rentals, an Atlanta-based audio visual rental and staging company owned by KT Capital. Nancy Creek provided $1.0 million of subordinated debt with warrants back in December 2008 to facilitate a small acquisition by the company.
Founded in 1985, Tech Rentals provides presentation technology and support services to meeting and event planners, associations, conventions and tradeshows, production companies and the corporate community throughout the continental U.S., with a particular focus on the Southeast.
Atlanta (December 10, 2012) Nancy Creek Capital invested a total of $2.3 million of mezzanine capital in Gasko Rhopac to support the acquisition of the company by Birmingham, AL-based Lazarus Capital Partners.
Headquartered 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 and 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 and garden, medical, and transportation markets.
Atlanta (August 31, 2012) Nancy Creek closed on its fourth investment for Fund II, investing a total of $2.3 million in Conger + Elsea, an Atlanta-based consulting company to the energy sector. Nancy Creek co-invested alongside two other mezzanine and equity groups in a junior capital financing package totaling $5.8 million. The capital facilitated the buyout of the company by an industry veteran and existing management. The financial investor group owns a majority of the company post-closing on a fully-diluted basis.
Founded in 1982 and headquartered in Atlanta, Conger + Elsea 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 and gas, pipeline and distribution industry sectors.
Nancy Creek Capital Invests $3.65 Million in Capital in Sanford, Florida based Trucking Company, DTL Transportation, Inc.
Atlanta (December 1, 2011) Nancy Creek Capital, an Atlanta-based mezzanine and equity investment fund, closed on a $3.65 million mezzanine and equity investment in DTL Transportation, Inc. (“DTL”) as part of a $7.3 million total junior capital financing package. Nancy Creek provided $2.65 million of subordinated debt with warrants and $1.0 million of preferred equity.
DTL, headquartered in Sanford, FL, provides time-sensitive and temperature-sensitive trucking services. The company owns 60 tractors and 79 trailers and transports frozen seafood, foliage and flowers out of Florida to the East coast and into the Midwest. The company was acquired by a thirty-year industry veteran who has experience as head of transportation and logistics at two Fortune 1000 companies.
Atlanta (August 31, 2011) Nancy Creek Capital Fund II closed on $2 million mezzanine debt investment in Aerodynamics, Inc. (“ADI”), as a part of its acquisition by Scott Beale, an aviation industry expert based in Atlanta. ADI, headquartered in Waterford, MI, was founded in 1959 and provides aircraft flight, charter and MRO services to corporate, governmental and individual clients. Mr. Beale acquired the company from its founder. Nancy Creek received warrants to acquire a minority ownership in the company as part of its subordinated debt investment.
ATLANTA (October, 29 2010) - Nancy Creek Capital Fund II, an Atlanta-based mezzanine and equity investment fund, invested a total of $3.75 million in Comfort Medical Supply. The capital was used to facilitate the buyout of the company by a private equity firm. Nancy Creek invested $3.5 million of subordinated debt with warrants and co-invested $250,000 in the common equity alongside the equity group.
Comfort Medical Supply, headquartered in Ormond Beach, Florida, is a durable medical equipment company, selling primarily motorized wheelchairs, rehabilitative chairs and other medical equipment throughout the continental U.S. The company is paid primarily through Medicare reimbursement. The company was founded in 1995.
WILMERDING, PA (March 15, 2010) – Wabtec Corporation (NYSE: WAB) has acquired Xorail LLC, a
leading provider of signal engineering and design services, for $40 million in cash. The company is
based in Jacksonville, Fla., and has annual sales of about $40 million. Wabtec expects the transaction to
be accretive in the first year.
Xorail provides a variety of engineering, design and construction services, mainly for railway signaling
systems. These services include design solutions for wayside signaling, positive train control systems
and highway grade crossing warning systems, site surveys, systems integration, and field construction
and installation of wayside equipment. Xorail’s customers include Class I railroads and passenger transit
authorities in North America. The company was founded in 1990 as Southwest Signal Engineering
Company, and now has 10 satellite offices throughout North America with about 275 employees. Kash
Krishnarao, president of Xorail, will remain with the company.
“Xorail’s engineering and wayside capabilities are a good fit with our existing railway electronics
business,” said Albert J. Neupaver, Wabtec’s president and chief executive officer. “In addition, these
capabilities position Wabtec for a larger role as the rail industry implements positive train control
technology over the next several years.”
Wabtec Corporation is a global provider of value-added, technology-based products and services for
the rail industry. Through its subsidiaries, the company manufactures a range of products for locomotives,
freight cars and passenger transit vehicles. The company also builds new switcher and commuter
locomotives, and provides aftermarket services. The company has facilities located throughout the world.
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