Our Approach

Parkway Capital’s commitment to the lower-middle market remains unchanged since inception


The Parkway Capital investment team focuses on making mezzanine debt and minority equity investments in lower middle-market companies. Partnership is at the core of our investment approach. We collaborate with management teams, independent sponsors, and private equity groups to identify and cultivate growth opportunities.

Disciplined Investing

We have a credit-oriented, non-control investment approach that relies on disciplined underwriting, resilient capital structures and an experienced team that has invested through numerous cycles


We leverage our decades of lower-middle market experience and existing industry networks to provide creative and flexible capital structures custom tailored to the needs of each transaction


We align ourselves with ownership and sponsorship and view ourselves as financial partners investing for the long term

Investment Parameters

Company Profile

  • $10 million+ of revenue
  • $2 million+ of EBITDA
  • Headquartered in the U.S.
  • Ability to generate free cash flow
  • Strong management team
  • Defensible market position

Transaction Types

  • Management Buyouts
  • Acquisitions
  • Growth Capital
  • Recapitalizations
  • Shareholder Liquidity
  • Family Ownership / Transitions

Investment Structures

  • $3 to $12 million target investment
  • Subordinated debt and non-control equity
  • Sponsored and non-sponsored
  • Willingness to co-invest with partners

Industry Focus

  • Business Services
  • Consumer Products
  • Healthcare
  • Manufacturing and General Industrial
  • Specialty / Niche Distribution
  • No Retail, Oil / Gas / Mineral Exploration, Or Early-Stage Technology

For Equity

Parkway Capital has a long history of investing alongside both funded and independent equity sponsors. We offer a flexible capital alternative for lower middle-market companies to facilitate a variety of transaction outcomes.

Traditional commercial bank credit underwriting standards for companies with less than $10 million of EBITDA are more restrictive than for larger companies. Parkway Capital investments are individually structured based upon the needs of each portfolio company.

Our team has over 135 years of collective investment experience working with lower middle-market companies. We understand what makes a lower middle-market company successful and how to build shareholder value. We align ourselves with ownership and view ourselves as financial partners investing for the long term. We welcome the opportunity to discuss more about how we can work together.