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Aladdin Food Management Services, LLC
Wheeling, WV
Description: Aladdin is a contract food service company, providing food, nutrition and
dining management services to institutions throughout the Midwest, East and Southeast U.S.
Transaction Summary: Initially, PCI supported an equity sponsor in the buyout of the company from its original owner through a Subordinated Debt investment. Subsequently, PCI has invested additional capital to fund two acquisitions. The new financing included additional Subordinated Debt, a Term B Loan and Common Equity.
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Aspect Automation
St. Paul, MNDescription: For nearly 60 years, Aspect Automation has operated as a premium supplier of development, design, build
and support services involving custom automated manufacturing equipment. The Company supports enhanced manufacturing
processes for the medical, industrial filtration, energy storage and consumer products industries.
Transaction Summary: PCI provided subordinated |
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Easley Custom Plastics, Inc.
Easley, SC
Description: Easley Custom Plastics has established itself as a well respected, full service custom injection molder
which specializes in large size, difficult to manufacture polypropylene products and components. Easley provides design, testing
and assembly services in addition to injection molding.
Transaction Summary: PCI backed a management bid to acquire the business, providing Subordinated Debt and Redeemable Preferred Stock from a private equity seller. As the sole institutional investor, Parkway holds a significant minority equity interest.
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Fab-Tech Inc.
Colchester, VT
Description: Fab-Tech is a leading manufacturer of coated stainless steel, corrosive fume
exhaust systems for the semiconductor, university lab and other industrial markets.
Transaction Summary: Parkway has invested Senior Subordinated Notes with Warrants and Common Equity in support of a Private Equity sponsored transaction to acquire this unique, highly cyclical business. This represents PCI’s second investment in this company.
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Home Health Corporation
King of Prussia, PA
Description: Home Health Corporation of America is a leading independent provider of skilled home health nursing
and related patient services.
Transaction Summary: Parkway Capital, as the sole institutional investor, made a subordinated debt investment with warrants to provide liquidity and growth capital.
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i2S, Inc.
Columbia, MD
Description: i2S, Inc. ("Ideas to Solutions") is a leading provider of IT and operational support services to the
intelligence community. The company provides expertise in the areas of analysis, enterprise architecture, knowledge management, systems
engineering, and advanced software development to Fortune 500 and governmental clients.
Transaction Summary: Parkway Capital provided subordinated debt with warrants to facilitate the acquisition of controlling interest by management from a venture capital firm.
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Icon Identity Solutions
Elk Grove Village, IL
Description: Icon is one of the nation's largest manufacturers of custom outdoor illuminated signage. As a turnkey
vendor, Icon provides end to end project management, manufacturing and installation services for large corporations throughout the U.S.
Transaction Summary: Proceeds from PCI's Subordinated Debt investment were utilized to recapitalize the company and fund growth. The transaction allowed Icon's existing equity sponsor to strengthen the company's balance sheet prior to a period of rapid growth.
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Potter Electric Signal Company
St. Louis, MO
Description: Potter Electric Signal Company is a leading designer and manufacturer of electronic monitoring and
related accessories used in fire protection, commercial security and industrial markets. Potter’s customers include leading OEM’s,
distributors and installers serving the fire sprinkler, electronic fire and security and industrial control markets.
Transaction Summary: Parkway Capital provided Subordinated Debt and Preferred Equity in support of the acquisition of Potter by a FundlessSponsor. Additional investors included executive management and private individuals. Additional Preferred Equity was invested to acquire a complementary product line in the United Kingdom.
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Thompson Industrial Services, LLC
Sumter, SC
Description: Thompson is the market leader in providing outsourced technical cleaning services to process industry
customers throughout the southeastern U.S.
Transaction Summary: Parkway made a subordinated debt and minority equity investment to support an acquisition of the business by a private equity investor and management.
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