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
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
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