Route 2 Capital Partners (“R2CP”) is pleased to announce the recent closing of its investment supporting the management buyout of an industrial services company (the “Company”) with headquarters and operations in the Atlanta, Georgia metro area. R2CP provided $14.025 million in subordinated debt and equity to facilitate the purchase of the Company from its founders.
“We’re pleased to support the management team and Company with this one-stop financing solution. The Company is an established leader in its market and boasts strong customer relationships and operating margins,” notes R2CP Managing Partner, Spalding White. “We’re excited to partner with a company of this caliber in our geographic footprint and look forward to working with the team to accelerate growth and expand the portfolio of products and services.”
Managing Partner, Patrick Weston adds, “Our flexible investment platform allowed us to creatively structure the transaction to support the direct purchase of the Company and close on an expedited timeline. This investment marks the third transaction in 2018 for our recent fund.”
About Route 2 Capital Partners
R2CP is a private investment firm providing flexible junior capital solutions to lower middle-market companies, primarily in the southern U.S. The firm’s partners possess over 100 years of combined investment, transactional, and operational experience. R2CP seeks to invest in established companies with minimum annual revenues and EBITDA of $10 million and $2 million, respectively, that generate predictable and profitable cash flows. R2CP’s investment proceeds will be used to execute growth and expansion plans, support business recapitalizations, and facilitate management buyouts. R2CP reviews opportunities in niche manufacturing, business services, consumer products and services, and specialty distribution. For more information, visit www.route2capital.com.