Backcast Partners Provides Senior Secured Debt for the Recapitalization of Crossroads Live, Inc.

Cross Rapids Capital Growth Equity Investment in Nickerson NY, LLC (Equity Recapitalization)

March 24, 2026

Manufacturing

Nickerson NY, LLC completed an equity recapitalization in which an affiliate of Chicago Capital Partners exited its equity investment and the company received new growth equity from an affiliate of Cross Rapids Capital. The transaction is intended to help Nickerson accelerate growth by expanding product and service offerings, deepening relationships with school districts and institutional customers, and expanding its footprint.

Backcast Partners Provides Debt Capital to Sisu Energy & Environmental

March 12, 2026

Energy

Backcast Partners provided debt capital to support growth and expansion for Sisu Energy & Environmental, LLC. Sisu, headquartered in Tulsa, Oklahoma, designs, engineers, installs, and maintains exhaust system casings for gas turbines, with growing demand tied to AI datacenter power needs.

Cast & Crew Acquires Backstage Holdings

February 1, 2022

Media & Entertainment

Cast & Crew has signed a definitive agreement to acquire Backstage Holdings, the subscription-based talent marketplace and content-creation platform. The acquisition (financed with cash and stock) brings Backstage's marketplaces and creative tools into Cast & Crew's end-to-end production platform, expanding capabilities across talent, payroll, HR, finance and creative workflow; Backstage will continue to operate as a distinct brand under existing leadership.

Revelstoke Capital Partners and CDPQ Recapitalize Crossroads Treatment Centers

January 11, 2022

Healthcare Services

Revelstoke Capital Partners and Caisse de dépôt et placement du Québec (CDPQ), alongside Crossroads' management, completed a recapitalization of Crossroads Treatment Centers to support the company's next phase of growth. The transaction provides capital to pursue add-on acquisitions and invest in Crossroads' value-based behavioral health care model across its network of treatment locations.

Main Street Capital and Iron Creek Partners Recapitalize Career Team Holdings

January 5, 2022

Education

Main Street Capital Corporation provided $24.8 million of first‑lien, senior secured term debt and a minority direct equity investment to Career Team Holdings, LLC to facilitate the recapitalizations of Career TEAM, LLC and Career Edge, LLC. Main Street partnered with Iron Creek Partners and the companies' existing owner/CEO (and an unnamed co‑investor) to provide growth capital, a revolving line of credit, and working capital to support future growth initiatives.

Panos Partners Recapitalizes Memorial MMRI & Diagnostic; Backcast Partners Provides Financing

March 12, 2020

Healthcare Services

Dallas-based private equity sponsor Panos Partners completed a recapitalization of Memorial MMRI & Diagnostic (MMRI), a regional diagnostic imaging and pain management provider with ten locations across Texas. Backcast Partners provided over $100 million of senior secured debt and preferred equity to support the transaction and Panos' ownership transition and growth plans.