Progress Equity Partners Recapitalizes Salisbury Moore with Farragut, NewSpring Mezzanine and Salem Investment Partners
September 10, 2024
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.
- Buyers
- Farragut Capital Partners, NewSpring Mezzanine (NewSpring), Salem Investment Partners, Progress Equity Partners
- Targets
- Salisbury Moore
- Industry
- Construction
- Location
- North Carolina, United States
- Transaction Type
- Recapitalization
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