Parkway Capital Announces Investment in Peachey Hardwood Flooring

Parkway Capital (“Parkway”) is pleased to announce an investment in Peachey Hardwood Flooring (“Peachey” or the “Company”). The transaction was led by Sidereal Capital Group, who partnered with the senior management team to lead the recapitalization of the Company. Parkway and Farragut Capital Partners (“Farragut”) invested subordinated debt and equity in support of the transaction.

About Peachey Hardwood Flooring

Founded in 1999, Peachey is a manufacturer of premium hardwood flooring as well as related millwork products such as stair parts, molding, and doors. Peachey’s products are primarily used for residential and commercial flooring. The Company is headquartered in Reedsville, PA – just outside of State College.

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About Parkway Capital

Since 2000, Parkway Capital has made investments in partnership with management, funded and independent equity sponsors, and family offices, providing flexible junior capital alternatives for lower middle market companies. Joining forces with the Calvert Street Capital Partners team in 2019, Parkway has an experienced, mezzanine-focused investment group that continues a more than two-decade long legacy of making mezzanine and minority equity investments. The Parkway investment professionals have collectively invested more than $500 million of capital across 70+ portfolio companies.