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. Nancy Creek Capital Invests $2.3 Million in Atlanta based Consulting Company, Conger + Elsea, LLC8/31/2012 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. 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. ATLANTA (June 10, 2009) – Nancy Creek Capital, an Atlanta-based mezzanine and equity investment fund, invested $4,000,000 of subordinated mezzanine financing to support the buyout of Automatic Power, Inc. and the assets of AB Pharos Marine, Ltd. by Toxaway Capital Partners.
Automatic Power, Inc. is based in Houston, and AB Pharos Marine, Ltd. is based in the UK. The company designs, manufactures, sells, and services marine navigational lighting and signaling with a worldwide installation base. The company’s products are installed in ports, harbors, lighthouses, offshore oil rigs, bridges, towers, buoys, and other structures where aircraft or marine navigation is a concern. In addition to Houston and the UK, the two companies have offices in Louisiana, California, Virginia and Singapore. For more information visit: www.automaticpower.com or www.pharosmarine.com. ATLANTA (May 29, 2009) – Nancy Creek Capital, an Atlanta-based mezzanine and equity investment fund, invested $3,000,000 of subordinated mezzanine financing in Telematch, Inc. to support its acquisition of Phoenix Data Processing and Farm Market ID from their parent Multi Ag Media, LLC. Telematch is majority owned by Brook Venture Partners.
Telematch, based in Springfield, Va., is a leading information services provider offering a comprehensive range of marketing intelligence and digitally driven marketing solutions, utilizing high quality data sources. Phoenix Data Processing, based in Westmont, Ill., provides data processing, analytics, and database services to the direct marketing field. Farm Market ID provides comprehensive crop and production data to agricultural industry. For more information on Telematch visit:www.telematch.com. 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 lower 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. About Brook Venture Partners Brook Venture Partners provides expansion stage capital through Brook Venture Fund I, Brook Venture Fund II and other co-investment funds to Information Technology and Medical Technology companies located in the Northeastern United States. The firm focuses on initial investments typically under $5 million and specializes in both financing and providing the strategic and planning support necessary to rapidly scale and accelerate sales and marketing activities. Brook is headquartered outside Boston in Wakefield, Mass. For more information, visit:www.brookventure.com. ATLANTA (February 4, 2009) – Nancy Creek Capital, an Atlanta-based mezzanine and equity investment fund, invested $1,000,000 of subordinated mezzanine financing in Tech Rentals, LLC to facilitate its acquisition of a rental and staging company headquartered in Nashville, Tennessee with additional operations in Memphis and Huntsville, Alabama.
Stan Milner, founder and CEO of Tech Rentals, along with partner KT Capital, LP, and with financing by Tech Rentals’ senior lender, Atlantic Capital, acquired the Nashville-based operation in furthering their plan of expansion. Additional acquisitions are anticipated. Tech Rentals, LLC, headquartered in Atlanta and founded in 1986, is a leading national provider of audio visual rental and staging services for hotels, convention centers, meeting and event facilities, production companies, tradeshows, associations and corporations across the country. The company offers complete audio visual staging as well as in-house hotel and convention center audio visual services. For more information on Tech Rentals visit: www.techrentals.com. 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 lower 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. About KT Capital Partners KT Capital Partners is a private equity investment firm which invests capital in established companies in growing markets. The firm assists in the growth and maturation of such companies for them to become larger, more profitable businesses as long term investors. For more information, visit: www.ktcapital.net |
Archives
July 2013
Categories |
© Nancy Creek Capital Management, LLC 2024
|