Growth Capital Investments in 2017

Novacap, a Montreal-based private equity firm, made a strategic growth investment in Leading Edge Geomatics, a Lincoln, New Brunswick provider of aerial LiDAR surveying, geomatics and decision‑support solutions. The founders — Bruce Hogan, Bill Kidman and Will Lowry — remain involved and retain significant ownership; the capital will be used to expand into new markets, support strategic acquisitions and fund R&D.

Keensight Capital has taken a minority stake in I-Tracing, a Puteaux-based cybersecurity specialist, joining the two founding managers as shareholders. The investment will support I-Tracing — which operates SOC, managed services, integration, and forensics practices and has offices in London and Hong Kong — to accelerate growth and international development.

Ranch Creek Partners, in partnership with Hillstar Capital, announced an equity investment in OneCor Services, LLC (operating as Jerry's Services) to support growth and geographic expansion. True West Capital Partners provided both debt and equity financing; OneCor will continue to be led by CEO Ricky Waitman and GM Tom Bachmeier as the company expands its environmental and acid-blending services for the Bakken oilfield.

Corbel Capital Partners provided additional preferred equity to its portfolio company, Brooklyn Brands LLC, to support growth. The financing will fund leasing, equipping and operating an additional manufacturing facility to expand capacity for brands including Lilly's Homestyle Bakery and Schick's Gourmet Bakery.

JMI Equity has made a strategic growth investment in Arena Solutions, the provider of cloud-based product lifecycle management (PLM) and quality management software. JMI partners Brian Hersman and Suken Vakil will join Arena's board to support the company's next phase of product and market expansion.

Private equity firm New Capital Partners has made a growth investment in LoyaltyExpress, a Woburn, Massachusetts-based provider of marketing automation and cloud-based CRM solutions for banks and mortgage companies. The capital will be used to accelerate product innovation, expand MarketingCentral and Salesforce offerings, and hire additional staff to support growth.

Alleghany Capital Corporation has entered into a definitive agreement to acquire a 45% equity interest in Wilbert Funeral Services, a leading provider of burial vaults, cremation products and precast concrete solutions for the funeral and cemetery industries. The minority investment establishes a long-term partnership to support Wilbert's management team in pursuing profitable growth, product innovation and potential acquisitions while preserving the company’s culture.

Dallas-based private equity firm Calidant Capital announced a strategic partnership with Arcadia Roofing Company, LLC on March 23, 2017, providing equity, credit facilities (via Texas Capital Bank), and operational support to accelerate Arcadia's growth. Calidant's equity partners on the deal included several high-net-worth family offices and individuals led by Cordatus Capital.

ParkerGale Capital, a technology-focused private equity firm, has made a major investment in Profisee, a master data management (MDM) software provider based in Alpharetta, Georgia. The capital will be used to accelerate product and platform development, expand Profisee's global partner program and go-to-market, and support continued revenue growth.

Spectrum Equity and Cressey & Company have made a growth investment in Verisys Corporation, a provider of healthcare provider data, credentialing SaaS and primary-source verification services. The investment will fund platform and product investments to accelerate Verisys' growth and expand its compliance, screening and monitoring solutions for the healthcare market.

Corbel Capital Partners completed a structured non-control growth investment in ARES Security Corporation to support accelerated product development, operational expansion and international growth. ARES Security, a Vienna, Virginia-based provider of enterprise security risk management and simulation software (AVERT), will use the capital to expand its product portfolio and scale sales and delivery.

Tejas Investments provided a strategic growth investment in Phoenix Electric, Inc., a Hutto, Texas-based multi-family electrical contractor. The transaction closed on January 3, 2017 with Focus Strategies Merchant Banking serving as exclusive advisor; the capital will support Phoenix Electric's continued service and growth across Texas.