Farragut Capital Partners and Promise Holdings Recapitalize Malley's Candies

Farragut Capital Partners Makes Growth Investment in Parry Labs

October 17, 2022

Aerospace & Defense

Farragut Capital Partners has closed a growth investment (subordinated debt) in Parry Labs, LLC to support the company's continued growth and working capital needs. Parry Labs, an Alexandria, Virginia–based edge technology systems integrator serving defense and commercial aviation markets, will use the financing to invest in products and capabilities and scale its operations.

Farragut Capital Partners and Watervale Equity Partners Recapitalize EMX Industries

July 25, 2024

Manufacturing

Farragut Capital Partners provided senior subordinated debt and equity to support a recapitalization of EMX Industries alongside Watervale Equity Partners and members of EMX’s senior leadership, including CEO Joseph Williams. EMX, a Cleveland-based manufacturer of electronic sensors for access control and industrial automation, will use the transaction to support growth and future momentum under the new capital structure.

Consortium Led by Midwest Growth Partners and Farragut Invests in Catalina Finer Foods

February 24, 2022

Food & Beverage

Midwest Growth Partners, alongside Farragut Capital Partners, Spring Capital Partners, Gemini Investors, Lake Country Capital, SharpVue Capital and Promise Holdings, provided subordinated debt and preferred equity to Catalina Finer Foods, a Tampa-based manufacturer of frozen Cuban and Caribbean foods. The financing (which included Spring Capital's $4.4M subordinated debt and $1.9M equity) supports a succession plan with second-generation owner Justo Cepero and funds future organic growth and bolt-on acquisitions; Cadence Bank provided senior financing.

Sidereal Capital and Management Recapitalize Mike Alexander Company (MALCO)

May 15, 2024

Manufacturing

Sidereal Capital Group partnered with senior management (led by Micha Alexander) to recapitalize Mike Alexander Company, Inc. (MALCO), a Tulsa-based manufacturer of refractory anchors and custom metal fabrication. Parkway Capital and Farragut Capital Partners provided subordinated debt and equity to support the transaction as part of a generational transition from founder Mike Alexander to his son Micha; terms were not disclosed.

Promise Holdings, Star Mountain Capital and Maranon Capital Recapitalize Uncle John's Pride

May 6, 2022

Food & Beverage

Capstone Partners advised family-owned Uncle John's Pride on a recapitalization led by Promise Holdings with participation from specialty finance firms Star Mountain Capital and Maranon Capital. Terms were not disclosed; the financing provides liquidity to existing shareholders while supplying capital to expand geographic reach and pursue private-label growth.

Progress Equity Partners Recapitalizes Salisbury Moore with Farragut, NewSpring Mezzanine and Salem Investment Partners

September 10, 2024

Construction

Progress Equity Partners has completed a recapitalization of Salisbury Moore, a Raleigh, North Carolina-based hotel renovation and remodeling company. Farragut Capital Partners, NewSpring Mezzanine, and Salem Investment Partners invested subordinated debt and equity to support the recapitalization and enable Salisbury Moore’s continued growth; existing management will remain in place.