CHARLOTTE, N.C.--(BUSINESS WIRE)--Jun. 27, 2018--
Capitala Group (“Capitala”), a provider of capital to lower and
traditional middle market companies, announced today that it recently
originated and led an investment of senior secured debt totaling $37.0
million in Installs LLC (“Installs”). Capitala made its original
investment in Installs alongside Graycliff Partners in 2016.
With major operations in Edison, New Jersey and Buffalo, NY, Installs is
a leader in last-mile delivery, assembly, installation, warehousing and
direct fulfillment services. Installs utilizes 23 strategically located
warehouses across North America to service a variety of customers
including eCommerce and traditional retailers. Capitala’s investment
will help fund the company’s next phase of growth.
About Capitala Group
Capitala Group is a leading provider of capital to lower and traditional
middle market companies. Since 1998, Capitala Group has grown to be a
$2.7 billion investment firm whose managed funds have invested in over
145 businesses in a variety of industries throughout North America.
Capitala’s approach to investing, whether in its growth fund strategy or
its lower middle market credit strategy, has proven to be a reliable and
attractive financing solution to our partners. Capitala Group manages
both public capital (Capitala Finance Corp.) (Nasdaq:CPTA) and private
capital (Capitala Private Credit Fund V, L.P.; CapitalSouth SBIC Fund
IV, L.P.; and Capitala Specialty Lending Corp.) for institutional and
individual investors, and seeks to partner with strong management teams
to create value and serve as long term partners. For more information
visit our website at www.CapitalaGroup.com.
About Graycliff Partners LP
Graycliff Partners is an investment firm focused on lower middle market
investments. Graycliff seeks to partner with companies led by strong,
entrepreneurial management teams, providing capital for acquisitions,
management buyouts, recapitalizations, growth and expansion. For more
information about Graycliff Partners visit www.graycliffpartners.com.
This press release contains certain forward-looking statements. Words
such as “believes,” “intends,” “expects,” “projects,” “anticipates,” and
“future” or similar expressions are intended to identify forward-looking
statements. These forward-looking statements are not guarantees of
future performance, condition or results and involve a number of risks
and uncertainties.Actual results may differ materially from
those in the forward-looking statements as a result of a number of
factors, including those described from time to time in the Capitala’s
filings with the Securities and Exchange Commission.Capitala
Finance Corp. undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as may be required by law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180627005266/en/
Source: Capitala Finance Corp.
Steve Arnall, 704-376-5502