RCap Equity Partners Leads Majority Recapitalization of Northeast Contracting Corp.

Northeast Contracting Company (NECC) Acquires Ducks Roofing

August 7, 2025

Construction

Northeast Contracting Company (NECC) has acquired Ducks Roofing, a Portsmouth, Virginia-based commercial roofing contractor that serves healthcare, government, and commercial facilities. The deal is the first add-on for NECC’s high-performance roofing platform following an equity investment from RCap Equity Partners, and expands NECC’s presence in the Tidewater region while strengthening its healthcare-facing capabilities.

Main Street Capital Recapitalizes Two Northeastern Commercial Concrete Contractors

January 7, 2026

Construction

Main Street Capital Corporation completed a $35.0 million portfolio investment to facilitate minority recapitalizations of two commercial concrete contracting companies under a single holding company. The financing, which includes first-lien senior secured term debt and a direct minority equity investment, partners with the companies' existing owners and management to provide liquidity and support ongoing operations serving large commercial projects such as warehouses, distribution centers, data centers and cold storage facilities.

Ridgemont Equity Partners Recapitalizes National Power

October 25, 2023

Infrastructure

Ridgemont Equity Partners led a recapitalization of National Power, LLC to support the company's growth and M&A strategy. Financing for the transaction was provided by Churchill Asset Management and Oaktree Capital Management's U.S. Private Debt Group; financial terms were not disclosed.

Victory Capital Acquires New Energy Capital Partners

September 13, 2021

Financial Services

Victory Capital Holdings, Inc. agreed to acquire 100% of New Energy Capital Partners (NEC), adding NEC as its 11th investment franchise and launching an alternative investments platform focused on clean energy infrastructure. NEC, a Hanover, New Hampshire–based alternative asset manager specializing in debt and equity investments in clean energy projects, will operate within Victory Capital's centralized operating and distribution infrastructure.

Cornerstone Capital Partners Recapitalizes RidgeRock Retaining Walls

January 1, 2025

Building Products

Cornerstone Capital Partners completed a recapitalization of RidgeRock Retaining Walls, a Charlotte-based distributor of proprietary segmental concrete blocks and retaining wall components. Source Capital and Everside Capital Partners provided debt and equity financing to support the transaction.

Rising Point Capital Leads Recapitalization of Conco Services Corporation

May 8, 2020

Industrial Services

Rising Point Capital, together with subordinated debt and equity investors Tecum Capital Partners and UMB Capital Corporation, recapitalized Conco Services Corporation, providing liquidity to the Saxon-Godish family while leaving management and the family with a significant stake. The investor group also secured senior debt from S&T Bank and plans to support Conco's growth, back-office investment, and service expansion in power generation and industrial end markets.