Headquartered in the San Francisco Bay Area, Allen Technologies provides hospital patients and their guests a suite of for-fee entertainment services, such as premium satellite entertainment, on-demand feature movies, and internet service. Allen’s systems also facilitate hospitals’ compliance with federal regulations that mandate patient education and medical data collection at bedside.
Greyrock partnered in December 2004 with Fundamental Capital to invest a total of $5.0 million in the form of subordinated debt and equity to support the expansion of Allen’s systems rental business.
Allstar Magnetics, headquartered in Vancouver, WA, is a distributor of hard and soft ferrites and powdered iron cores, bobbins and associated hardware used primarily in power conversion, electromagnetic interference suppression, and filtering and pulse transformation in analog devices. The Company carries over 3,000 product SKU’s sold to a wide variety of electronic component manufacturers.
In March 2006, Greyrock provided $6.00 million in subordinated debt and a $0.50 million equity co-investment to support LMJ Enterprises’ acquisition of the Company.
Andrews International is a full service provider of security and risk mitigation services and is one of the largest security providers in the United States. Headquartered in Valencia, CA, and New York City, the Company’s portfolio of services includes uniformed security officers, special event security, specialized training and consulting and investigations.
In March 2006, Greyrock provided $8.00 million in subordinated debt and a $2.50 million equity co-investment to support the merger and recapitalization of Andrews and Copstat Security, LLC. Andrews’ equity sponsors include DFW Partners, Meridian Ventures and Theo Capital. In June 2007, Greyrock provided an additional $1.9 million to support Andrews’ acquisition of SeTec Protective Services.
Aqua-Chem, Inc., located in Knoxville, TN, designs, manufactures and installs equipment used to produce high purity water. The Company’s products are sold to the United States military as well as to companies operating in the pharmaceutical, offshore energy exploration and bottled water markets. As a leader in evaporation and reverse osmosis technologies, the Company also provides a full array of engineering, manufacturing, installation, training and maintenance services.
In February 2006, Greyrock provided $3.80 million of subordinated debt and a $1.00 million equity co-investment to support the acquisition of Aqua-Chem by Altus Capital Partners.
Arrowhead Brass Products, Inc., located in Los Angeles, California is the premier domestic manufacturer of exterior plumbing fixtures designed for high-end professional builders and home owners. The Company's products are primarily brass and include hose bibs, gas values, wall hydrants and other assorted valves used in the home. Arrowhead sells its products through wholesale plumbing distributors and retailers.
In February 2004, Greyrock provided $3.2 million in subordinated debt and equity co-investment to support the recapitalization of the Company by Caltius Private Equity who partnered with the Company's existing president/owner to pursue growth opportunities in this industry.
BACKYARD LEISURE HOLDINGS, INC.
Backyard Adventures and Leisure Time Products produce ready to assemble outdoor wood play sets sold to consumers through mass merchants. Operating out of Amarillo, Texas and Pittsburgh, Kansas, the combined companies are the largest manufacturer consumer play sets in the country.
In February 2007, Greyrock led a $13.6 million subordinated debt and equity co-investment facility to support Baird Capital Partners acquisition of the Company.
Bock & Clark, located in Akron, OH, is the leading coordinator of single and multi-site commercial real estate survey services in the United States , Canada , Mexico and Puerto Rico . As a survey coordinator, the Company manages all aspects of the commercial real estate survey process for its clients, from the hiring of local surveyors to the review and completion of each survey. The firm is the largest of its type in the country and has been in business for over 30 years.
In February 2005, Greyrock provided $3.75 million of subordinated debt and a $1.75 million equity investment to support the acquisition of Bock & Clark by High Street Capital and management.
Brittany Corporation, headquartered in Cleveland, Ohio is a multi-divisional industrial holding company with four operating subsidiaries. The Company's largest subsidiary, Duffy Tool & Stamping, LLC, specializes in high-volume precision metal stampings and complex assemblies for the automotive industry. Products include key component parts for the chassis and suspensions of light trucks, SUVs, mini-vans and passenger cars. Bettcher Company, the second largest subsidiary produces stamped and drawn metal parts for its customers in the HVAC electrical and plumbing industries. The other divisions are Great Lakes Casting (grey iron sand castings) and Flow-Dry (packaged desiccants and specialty gaskets).
In July 2003, Greyrock provided $7.5 million in subordinated debt to support the recapitalization of the Company by its owners.
CAPCO Tile & Stone, headquartered in Denver, CO, is an importer and wholesale distributor of tile & stone products sourced primarily from Italy, Spain and Brazil. Via nine branch locations, the Company sells ceramic, porcelain and stone floor and wall tiles, stone slabs, decorative accents and related materials primarily to flooring dealers, tile installation contractors and stone countertop fabricators in Colorado and Las Vegas.
In June 2006, Greyrock provided $2.50 million of subordinated debt and a $3.32 million equity co-investment to support the acquisition of the Company by Caffery Capital Partners and management.
Founded in 1993 with three locations in the Denver, Colorado metro area, Cherry Creek Tree Farms, LLC is a vertically integrated wholesale nursery and tree farm. The Company sells trees, shrubs and perennials through its two nursery locations in Aurora and Brighton and in 2000 it began growing trees, shrubs and perennials on its farm, which is co-located with the nursery in Brighton. The Company primarily sells to wholesale customers, including builders, landscapers, and to do-it-yourself retailers.
In October 2004, Greyrock provided $4.0 million of subordinated debt and a $260 thousand equity co-investment to support the acquisition of Cherry Creek by Valor Equity Partners.
Collection Associates, headquartered in Greensburg, Indiana, is a third party collection company providing accounts receivable collection services to a growing number of rural, not-for-profit hospitals in southern Indiana.
In May 2007, Greyrock provided $4.4 million in subordinated debt and $0.2 million in equity to support LaSalle Capital Group’s acquisition of the Company.
Data Source, based in Kansas City, MO, provides a total solution to document design and distribution and other "back-office" services essential to the successful operation of multi-location businesses such as commercial franchises, auto dealerships, retail insurance, branded products, industrial products and restaurant concepts. Data Source manages over 12,500 SKUs for customers in 71,000 locations worldwide.
In March 2007, Greyrock provided $5.0 million in subordinated debt and equity to support the acquisition of the Data Source by High Street Capital.
Dickinson Frozen Foods, Inc., located in Fruitland, ID, is the largest independent domestic processor of individually quick-frozen diced onions and individually quick-frozen roasted, peeled diced and whole baked potatoes.
In December 2005, Greyrock provided $7.00 million in subordinated debt and a $1.10 million equity co-investment to support the Company’s acquisition of NorSun Food Group. Dickinson Frozen Foods is a Century Park Capital Partners portfolio company.
Halo Industries, Inc., with offices in eight countries worldwide, is an ad specialty distributor, designing decorating and distributing promotional products including apparel and customized gift items. The Company has a large and growing sales force and expects to continue its profitable growth by offering the best and most competitively priced promotional products supported by world-class operations and customer service.
In May 2003, Greyrock provided $8.2 million in senior secured debt and an equity co-investment to support HIG Capital's acquisition of the Halo assets from the bankrupt estate.
Hunter’s Specialties is a leading manufacturer of non-firearm related hunting accessories designed to serve the needs of sportsmen. Located in Cedar Rapids, Iowa, the Company has the broadest product line in the industry supplying outdoor/sporting goods retailers, cataloguers and large mass merchandisers with its well know branded products. In addition, Hunter's Specialties is a leading supplier of camouflage make up to the armed forces and also has its own TV show on the Outdoor Channel.
In September 2004, Greyrock provided $5.0 million to support the Company's growth.
IAB Solutions is a nationwide full-service provider of outsourced accounts receivable management services and focuses on the resolution, recovery and management of deductions, accounts receivable disputes, and invoice collections. Headquartered in Clarks Summit, PA, the Company develops long-term mutually beneficial client partnerships by delivering accurate, actionable information for deduction prevention and process improvement.
In June 2007, Greyrock provided $3.0 million of subordinated debt and a $1.9 million equity co-investment to support the acquisition of the Company by Evergreen Industries, LLC and management.
Loftware, headquartered in York, Maine, pioneered the very first barcode label design and printing software application for PC over two decades ago. Since that time the company has led the development efforts to provide best-in-class enterprise marking and identification software solutions including RFID to Fortune 100 and 500 companies across the globe. Loftware’s products now extend supply chain efficiencies by supporting and complying to the latest EPC (Electronic Product Code) standards and specifications for programming and managing RFID Smart Labels and Tags.
In January 2005, Greyrock provided subordinated debt and equity to support the recapitalization of Loftware by an investor group led by the Private Capital Group of BNP Paribas.
Mountain High Resorts operates a ski resort located in the San Gabriel Mountains approximately 75 miles west-northwest of central Los Angeles. The area offers skiers with three distinctly different mountains served by 16 lifts and 59 trails. Snowmaking covers 95% of the area allowing the resort to operate from November through April.
In July 2005, Greyrock provided $6.50 million of subordinated debt and a $1.30 million equity co-investment to support the acquisition of Mountain High by Valor Equity Partners.
Mozzarella Fresca is one of the largest producers of fresh mozzarella in the United States . The Company located in Benicia, California produces a full line of Italian-style cheeses including mozzarella (both acidified and cultured), mascarpone and ricotta in its state of the art plant in Tulare, California. Mozzarella Fresca's products are sold to the retail grocery channel and restaurants through foodservice distributors. The product is typically located in a refrigerated specialty section of a grocery deli.
In July 2004, Greyrock provided $3.25 million in subordinated debt to support the expansion of the Company's production facilities and provide liquidity for growth.
MWA Intelligence, Inc., located in Scottsdale, AZ, offers leading-edge technologies, world-class customer service and many years of expertise in the office equipment and utilities vertical markets delivering comprehensive solutions to companies in need of remote asset management and improved service standards. MWA's platform-independent approach to asset, service and mobile workforce management is flexible and scalable and can accommodate any company’s unique requirements.
In May 2006, Greyrock Capital provided $5.25 million of subordinated debt and a $2.15 million equity co-investment to support Opus Acquisitions Group and management’s acquisition of the Company.
Headquartered in Torrance, CA, National Mobile Television is a leading provider of mobile television production facilities and related equipment and services. The Company’s fleet of mobile units is rented by major and regional broadcast networks and used to produce live telecasts, primarily of sporting events.
In November 2006, Greyrock provided $7.05 million of subordinated debt and $1.45 million of preferred stock in support of Candlewood Capital Partners’ acquisition of the Company.
Openfirst is a leading direct mail marketing and statement processing company that combines state-of-the-art imaging and fulfillment operations with advanced personalization and data management capabilities. Headquartered in Milwaukee, WI with additional operations in Fredericksburg, VA, Openfirst serves the automotive, insurance, financial services, and cable TV industries producing hundreds of millions of communication pieces each year. Mailings are customized, strategically timed and accurately tracked so that clients can asses the efficacy of their direct marketing programs.
In November 2002, Greyrock provided $5.25 million of subordinated debt to support the acquisition of Openfirst by Prairie Capital, River Cities Capital and management.
Pharmaco, located in Atlanta, Georgia was formed in 2003 to license, acquire, develop and market niche pharmaceutical products.
In April 2006, Greyrock Capital provided $2.00 million of subordinated debt and a $3.00 million equity co-investment to support Pharmaco’s acquisition of three niche pharmaceutical products.
Phillips Tile, located in Napa, CA, is 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.
In February 2006, Greyrock supported the acquisition of Phillips Tile by Goense, Bounds & Partners providing $6.00 million in subordinated debt and a $0.31 million equity co-investment.
Rennhack Marketing Services is a marketing service company serving financial institutions across the United States. The Company, located in Dallas, Texas has delivered over 50 million premium quality incentive gifts since its inception. RMS delivers a variety of services including program development, product sourcing and incentive fulfillment to its customers. The Company efforts result in the opening of over 4 million bank accounts annually through measurable “return on marketing spend” programs.
In April 2004, Greyrock provided $12.2 million in subordinated debt and an equity co-investment to support HIG Capital and management's acquisition of RMS from its owners.
SYRGIS PERFORMANCE PRODUCTS, LLC
Syrgis Performance Products is a diversified international group of fine and specialty chemical manufacturers (Lycus, Ltd., P Chem, Inc., H&S Chemical Co., Inc., and Syrgis Performance Initiators) committed to delivering high-quality key ingredients, intermediates, and formulations that help their customers’ products perform better.
In May 2004, Greyrock provided $6 million in subordinated debt and a $2.2 million equity co-investment to refinance Lycus' debt and support Edgewater Capital's acquisition of P-Chem. In August 2005, Greyrock provided a $1.4 million equity co-investment to support the acquisition of H&S Chemical. In August 2007, Greyrock lead a $14.5 million subordinated debt and equity co-investment facility to a support the acquisition of Syrgis Performance Initiators.
Tecta America, located in Skokie, Illinois is one of the leading roofing companies in the United States serving the commercial, industrial and institutional marketplace. The Company serves both national and local businesses through 49 locations throughout the country. Tecta America provides the full range of services including repair, replacement and new installation of commercial, industrial and institutional roofing systems.
In March 2004, Greyrock provided $7.5 million in subordinated debt to support the recapitalization of the Company by its founding shareholders who comprise the operating management team. In December 2006, Greyrock supported KRG Capital’s acquisition of the Company co-leading a $25 million subordinated debt facility and a $5 million equity co-investment.
Founded in 1955, Tewa Wood Products is one of the largest and most technically advanced manufacturers of high quality, small-pattern solid wood moldings. Based in Albuquerque, New Mexico, Tewa's products are used by builders, interior designers, architects, and do-it-yourself homeowners for enhancing walls, windows, floors, doorways, and fireplaces.
In July 2004, Greyrock provided $4.0 million of subordinated debt and a $200 thousand equity co-investment to support the acquisition of Tewa by Valor Equity Partners and management.
Thomson Plastics, Inc. produces a broad array of customized highly engineered plastic components using standard and gas-assisted injection molding technology. Operating out of two facilities in Thomson and Sandersville, GA, the Company serves industries located in the Southeastern United States.
In April 2005, Greyrock provided $6.85 million of subordinated debt and a $3.00 million equity co-investment to support Altus Capital Partners’ acquisition of the Company.
Located in Simi Valley, California, Turbonetics manufactures turbochargers and related components primarily for automotive performance aftermarket applications, and manufactures industrial pressure regulators for controlling multi-stage turbocharger installations on natural gas and diesel fired stationary power generators. The company sells its products through a variety of distribution channels as well as directly to end users.
In January, 2007 Greyrock provided $4.20 million of subordinated debt and a $2.07 million equity co-investment to support Edgewater Capital’s acquisition of the Company.
Located in Madison, GA , Wellington Cordage is one of the largest manufacturers of consumer and commercial products for the cordage, narrow woven fabrics, home seasonal, and sporting goods markets.
In October 2004, Greyrock provided $4.4 million of subordinated debt and a $1.0MM preferred stock investment to support Wellington’s growth.
WORLD DRYER
In June 2007, Greyrock provided subordinated debt and equity to support the acquisition of the Company by NewCastle Partners, LLC.
World Dryer is the world’s leading provider of warm air hand dryers used in public and commercial washrooms. Headquartered in Berkeley, IL, the Company also sells commercial hair dryers, baby changing tables and hand dryer parts.