ATLANTA (November 30, 2007) – Nancy Creek Capital, an Atlanta-based mezzanine and equity investment fund, invested subordinated debt and equity to support ownership succession at Southwest Signal Engineering Co., headquartered in Jacksonville, Florida. Exact terms of the transaction were not made public.
Southwest is the leading provider of signal and communications engineering services to the railroad industry in North America. Clients include CSX, Norfolk Southern, Union Pacific and Florida East Coast Railway among others. The company has over 230 employees located in 9 offices throughout the country. For more information on Southwest, visit: www.swsignal.com.
Nancy Creek Capital provided a flexible financing structure to facilitate the transition of ownership from founder James Mayer to new owner Kash Krishnarao, a member of the management team at Southwest. Mayer has assumed the role of Chairman while Kash will be President and CEO. Wachovia Bank provided the senior financing for the transaction.
About Nancy Creek Capital
Nancy Creek Capital’s mezzanine and equity investment fund is a strategic partner to commercial banks in meeting bank customers’ needs for growth, recapitalization and acquisition capital and for real estate project financing. Nancy Creek makes $1 million to $5 million investments of subordinated debt and equity in smaller middle market companies and real estate projects primarily in the Southeast region. The Fund is managed by The Branch-Shelton Company, LLC. For more information, visit www.nancycreekcapital.com.
Southwest is the leading provider of signal and communications engineering services to the railroad industry in North America. Clients include CSX, Norfolk Southern, Union Pacific and Florida East Coast Railway among others. The company has over 230 employees located in 9 offices throughout the country. For more information on Southwest, visit: www.swsignal.com.
Nancy Creek Capital provided a flexible financing structure to facilitate the transition of ownership from founder James Mayer to new owner Kash Krishnarao, a member of the management team at Southwest. Mayer has assumed the role of Chairman while Kash will be President and CEO. Wachovia Bank provided the senior financing for the transaction.
About Nancy Creek Capital
Nancy Creek Capital’s mezzanine and equity investment fund is a strategic partner to commercial banks in meeting bank customers’ needs for growth, recapitalization and acquisition capital and for real estate project financing. Nancy Creek makes $1 million to $5 million investments of subordinated debt and equity in smaller middle market companies and real estate projects primarily in the Southeast region. The Fund is managed by The Branch-Shelton Company, LLC. For more information, visit www.nancycreekcapital.com.
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