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.
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.
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