Midwest Mezzanine Invests Subordinated Debt and Equity in Pelton Shepherd Industries
Pelton Shepherd is a leading manufacturer of gel ice refrigerants, a critical component in the cold chain delivery of food and pharmaceutical products. In addition, the Company offers a suite of just-in-time delivery services from its six manufacturing facilities across the United States.
Midwest Mezzanine invested one-stop debt and equity to support the acquisition of Pelton Shepherd by Champlain Capital Partners.
Midwest Mezzanine Invests Subordinated Debt and Equity in LSC Environmental Products
Headquartered in Apalachin, NY, LSC Environmental is a global manufacturer of premier products and equipment designed to address the persistent environmental challenges of erosion, odor, land reclamation, waste cover, seeding, and dust. Midwest Mezzanine provided subordinated debt and equity to support Ancor Capital Partners’ investment in LSC Environmental.
Midwest Mezzanine Invests Subordinated Debt and Equity in Dorsett Technologies
Headquartered in Yadkinville, NC, Dorsett provides Supervisory Control and Data Acquisition (“SCADA”) systems used to monitor water, wastewater, stormwater, energy management, air quality, security and intelligent business controls. The Company’s proprietary InfoScan SCADA system has a proven history of reliability and flexibility with fully integrated hardware and software which meets clients’ strictest engineering requirements but is still very easy to use and maintain. Dorsett has developed a strong regional reputation in its established markets of North & South Carolina and Utah, and its customer base includes federal government and military installations, small municipalities as well as private industrial clients.
Midwest Mezzanine provided subordinated debt and equity to support MC Controls’ investment in Dorsett Technologies.
Midwest Mezzanine Invests Subordinated Debt and Equity in The Cleaning Guys
The Cleaning Guys is an emergency response and hazardous/non-hazardous materials remediation and waste disposal company headquartered in Fort Worth, Texas. With five corporate locations in Dallas-Fort Worth, Houston, Austin, San Antonio and Denver, the Company has the capabilities to address a variety of situations, including chemical spills, gas spills, and biological hazards.
Midwest Mezzanine partnered with Eagle Private Capital to provide subordinated debt and equity co-investment to support Silver Peak Partners’ investment in The Cleaning Guys.
Midwest Mezzanine Invests Subordinated Debt and Equity to Support Daystar Products’ Acquisition of Tuff Country
Daystar is an industry-leading automotive performance aftermarket parts manufacturer of lift and leveling kits and component parts for off- and on-road trucks, Jeep®, and multi-purpose vehicles. Daystar manufactures for OEM suppliers as well as the specialty automotive aftermarket. The Company’s brands include Daystar, Tuff Country, Performance Accessories, BumperSuperStore, VooDoo Off Road, MCE Fenders, Hard Core Tuning and HCR Racing.
Midwest Mezzanine provided subordinated debt and equity to assist Dubin Clark, Daystar’s equity sponsor, with the acquisition of Tuff Country.
Daystar is actively seeking add-on investments in the automotive aftermarket sector.
Midwest Mezzanine Invests Subordinated Debt and Equity in City Wide Building Services
City Wide is a full-service commercial-building maintenance company headquartered in Dallas, TX. City Wide offers high, mid, and low-rise window cleaning to over 4,000 commercial, industrial, municipal, higher-education, and hospital properties. Complementary services include equipment rental, pressure washing, inspection/certification, and building restoration/waterproofing services.
Midwest Mezzanine partnered with Huntington Capital Investment Company to provide subordinated debt and equity co-investment to support NCK Capital’s investment in City Wide.
Midwest Mezzanine Invests Subordinated Debt and Equity in Partnership with Vessco Inc.
Headquartered in Chanhassen, Minnesota (Metro-Minneapolis) with additional offices in Ames, Iowa, Council Bluffs, Iowa, and Independence, Missouri, Vessco is the largest water and wastewater equipment distributor and value-added service provider in its core territory of the Upper Midwest. Vessco is the only company in the Upper Midwest to offer a full suite of products covering the entire spectrum of water and wastewater treatment. Over the past 35 years, the Company has built a reputation for representing the best equipment and overall solution including initial consultation, design partnering, installation assistance, field service and parts delivery.
Midwest Mezzanine provided subordinated debt and equity to support O2 Investment Partners’ investment in Vessco Inc.
Midwest Mezzanine Completes the First Close of Its Sixth Fund
Chicago, IL – Midwest Mezzanine Funds (“Midwest Mezzanine”) is pleased to announce that in September of 2018, it successfully completed a first close of its sixth fund, Midwest Mezzanine Fund VI SBIC, L.P. (“Fund VI SBIC”), with $165 million of capital. Fund VI SBIC has been licensed by the U.S. Small Business Administration as a Small Business Investment Company (“SBIC”) and is the third SBIC formed and managed by Midwest Mezzanine. Fund VI SBIC’s limited partners include family offices; regional, national and international banks; insurance companies; large institutional investors; and high net worth individuals.
Fund VI SBIC will seek to invest subordinated debt, second lien term loans, last-out senior secured term loans, as well as non-control equity securities in mature companies located in the United States with EBITDA of at least $3 million. Midwest Mezzanine typically invests between $4 million and $15 million per investment and can lead or participate in investments greater than $15 million through co-investments from limited partners or other capital providers. During its 26-year history, Midwest Mezzanine has invested nearly $800 million of junior capital in more than 100 portfolio companies.
Midwest Mezzanine invests in Peltram Plumbing
Peltram Plumbing is the leading plumbing-focused mechanical contractor in the state of Washington. Through partnerships with home builders and commercial developers, Peltram has been designing and installing plumbing and fixtures for new home communities, multi-family complexes, and commercial buildings primarily in the Seattle-metro area for more than thirty years.
Midwest Mezzanine partnered with True West Capital Partners to provide subordinated debt and equity co-investment to support Crescendo Capital’s acquisition of Peltram Plumbing.
Midwest Mezzanine invests $7.0 million in OJ Medtech and Charm Medical Supply
Headquartered in Pembroke, MA, OJ Charm is a medical products company that provides a broad range of recurring need items such as compression garments, wound care supplies, incontinence products and nutritional products to customers throughout New England and New York. These prescription-based, consumable products are delivered to the homes of patients with chronic conditions and are key components to the patients’ overall care plan.
OJ Charm is actively looking to grow through acquisitions of other medical supply or DME businesses.
Midwest Mezzanine Funds partnered with Eagle Private Capital on the investment of subordinated debt and equity to assist Upstream Capital, OJ Medtech’s equity sponsor, with the acquisition of Charm Medical Supply. The merged business will be run by Charm Medical Supply’s current CEO.