August 2010. Greyrock, along with co-investor South Franklin Street Partners, backs the acquisition of DecisionQuest, Inc. by an ESOP providing $12.5 million in subordinated debt. DecisionQuest specializes in customized trial consulting, strategic graphics, presentation technology services and social media analysis.
June 2009. Greyrock leads an additional $11.1 million subordinated debt and equity co-investment facility to support Andrews International's acquisition of the U.S. physical security and consulting & investigative divisions of Garda World Security Corporation.
May 2009. Greyrock provides an additional $2.5 million equity co-investment to support Alaven Pharmaceutical’s new product development initiatives.
April 2009. Greyrock backs a lower middle market private equity sponsor in its purchase of ITerpSOFT, providing $8.4 million in subordinated debt and equity to finance the acquisition of the Company. ITerpSOFT is a leading provider of enterprise resource planning software to the healthcare industry.
October 2008. Greyrock's Fund I exits its investment in Andrews International a full service provider of security and risk mitigation services, generating a 26.4% IRR. Simultaneously, Greyrock's Fund II leads a three-party subordinated debt and equity co-investment to support the acquisition of the Company by Audax Group.
October 2008. Greyrock leads a $16.0 million subordinated debt and equity co-investment to support the acquisition of Novolyte Technologies by Arsenal Capital Partners. Novolyte is a leading manufacturer and supplier of specialty electrolyte materials and high performance solvents for lithium ion battery and energy storage applications. The Company also manufactures a variety of other technically demanding specialty and custom manufactured products for the electronics, pharmaceutical and industrial markets.
September 2008. Greyrock exits its investment in Brittany Corporation, headquartered in Cleveland, Ohio. Brittany, a multi-divisional industrial holding company with four operating subsidiaries, produces parts used by the automotive, HVAC, electrical and plumbing industries. Greyrock’s investment generated a 17.3% IRR and a 1.9x cash on cash multiple.
June 2008. Greyrock provides $5.6 million in subordinated debt and equity co-investment to support The Cambria Group's acquisition of Paragon Products, Inc. Paragon dominates the design, manufacture, and marketing of alternating current (AC) fuel and lube oil pumps used in locomotive engines.
April 2008. Greyrock Capital Group announces the first close for GCG Investors II, LP, its second independently managed fund.
December 2007. Greyrock backs LaSalle Capital Group's add-on for Collection Associates, providing $0.9 million in subordinated debt and equity to finance the acquisition of IMC National Holdings. Collection Associates is a third party collection company providing accounts receivable collection services to a growing number of hospitals and physician groups in Indiana.
December 2007. Greyrock provides $1.0 million in add-on financing to fund MWA Intelligence’s purchase of the field service management components of La Crosse Management Systems and OMD Corporation. MWA is the leading provider of automated dispatch solutions for the U.S office equipment (copier) dealer market.
August 2007. Greyrock leads a $14.5 million subordinated debt and equity co-investment facility to support Syrgis Performance Products' acquisition of the organic peroxide business of Norac, Inc. Controlled by Edgewater Capital, Syrgis is a leading specialty chemical company with four operating units. Greyrock has provided capital in support of all of Sygis' acquisitions.
June 2007. Greyrock exits its investment in Mountain High Resorts. Mountain High, a winter resort located in California’s San Gabriel Mountains, was sold to a real estate investment trust generating a 30% IRR on Greyrock’s investment.
June 2007. Greyrock provides $4.9 million in subordinated debt and equity to support the acquisition of IAB Solutions by Evergreen Industries, LLC and management. IAB is a nationwide provider of outsourced accounts receivable management services which focuses on the resolution, recovery and management of deductions and accounts receivable disputes.
June 2007. Greyrock provides subordinated debt and equity to support the acquisition of World Dryer by NewCastle Partners, LLC. World Dryer is the world’s leading provider of warm air hand dryers used in public and commercial washrooms.
May 2007. Greyrock backs LaSalle Capital Group's acquisition of Collection Associates, providing $4.6 million in subordinated debt and equity. Collection Associates is a third party collection company providing accounts receivable collection services to a growing number of rural, not-for-profit hospitals in southern Indiana.
March, 2007. Greyrock backs High Street Capital's acquisition of Data Source, providing $5.0 million in subordinated debt and equity. Located in Kansas City, Data Source is a leading distribution, fulfillment and printing services company.
March 2007. Greyrock exits its investment in Mozzarella Fresca, Inc. Mozzarella Fresca, an award-winning producer of fresh mozzarella cheese was sold to a strategic acquirer generating a 66% IRR on Greyrock’s investments.
March 2007. Greyrock generates a 29% IRR upon Halo Holdings sale of its domestic subsidiary, Halo, Inc.
February, 2007. Greyrock Capital Group leads a $13.6 million subordinated debt and equity co-investment facility to support the simultaneous acquisition of Backyard Adventures and Leisure Time Products by Baird Capital Partners and management. The resulting company is the nation’s largest manufacturer of outdoor wood play sets.
January, 2007. Greyrock Capital provides $6.2 million in debt and equity to support the purchase of Turbonetics by Edgewater Capital Partners and management. Turbonetics, a manufacturer of turbochargers for automotive performance aftermarket applications and industrial pressure regulators used to control multi-stage turbocharger installations was previously owned by Kelly Aerospace, Inc.
December, 2006. Greyrock co-leads a $25 million subordinated note offering to support the purchase of Tecta America by KRG Capital Partners.
November, 2006. Greyrock Capital Group provides $8.5 million in subordinated debt and preferred stock to support the purchase of National Mobile Television by Candlewood Capital Partners and management. NMT is a leading provider of mobile television production facilities and related equipment and services.
August, 2006. Caltius Equity Partners announces the merger of its portfolio company, Arrowhead Brass Products, with Champion Irrigation. Arrowhead is a manufacturer of high quality plumbing and irrigation valves. Greyrock provided $3.2 million in debt and equity to support Caltius’ acquisition of Arrowhead in February, 2004.
July, 2006. Greyrock Capital Group announces the sale of OpenFirst, a direct mail marketing and statement processing company. Greyrock provided $5.2 million in November, 2002 to support the acquisition of the Company by Prairie Capital, River Cities Capital and management.
June, 2006. Greyrock provides $5.8 million in subordinated debt and equity to support the acquisition of CAPCO Tile & Stone by Caffery Capital Partners and management. CAPCO is an importer and wholesale distributor of tile & stone products serving flooring dealers, tile installation contractors and stone countertop fabricators in Colorado and Las Vegas.
May 2006. Greyrock, Opus Acquisitions Group, and the senior management team purchase the MWA Intelligence from its public corporate owner. MWA is the leading provider of automated dispatch solutions for the U.S office equipment (copier) dealer market. Greyrock Capital Group provided $7.4 million in subordinated debt and equity.
April, 2006. Greyrock Capital provides $5.0 million to support Alaven Pharmaceutical’s acquisition of niche pharmaceutical products.
March, 2006. Greyrock provides $10.5 million of subordinated debt and equity to support the acquisition of Andrews International, a full service provider of security and risk mitigation services. DFW Capital Partners, Meridian Venture Partners and Theo Capital led this merger and recapitalization of Andrews and Copstat Security, LLC.
March, 2006. LMJ Enterprises, Greyrock and management purchase Allstar Magnetics, a leading distributor of hard and soft magnetic ferrites. Greyrock provided $6.5 million in debt and equity.
February, 2006. Greyrock Capital Group provides $6.3 million in debt and equity supporting the principals of Goense, Bounds & Partners in their purchase of Phillips Tile, an installer of floor and wall tile and a fabricator and installer of natural stone and synthetic countertops serving residential home builders in California’s central valley.
February, 2006. Greyrock provides $4.8 million in subordinated debt and equity to support the acquisition of Aqua-Chem by Altus Capital Partners and management. Aqua-Chem designs, manufactures and installs equipment used to produce high purity water for use by the U.S. military, pharmaceutical, offshore energy exploration and bottled water industries.