Calvert Street Recapitalizes Machine Specialties, Inc.

Machine Specialties, Inc. (Calvert Street) Acquires Cambridge Specialty Company, Inc.

October 5, 2023

Aerospace & Defense

Calvert Street Capital Partners portfolio company Machine Specialties, Inc. has acquired Cambridge Specialty Company, Inc., a Berlin, Connecticut-based precision manufacturer of flight-critical aerospace, defense and space components. The add-on expands MSI's capacity and capabilities, providing customer and service diversification while supporting growth initiatives.

Main Street Capital Completes $45M Minority Recapitalization of Specialty Aircraft Distributor

September 2, 2025

Aerospace & Defense

Main Street Capital Corporation completed a $45.0 million investment to facilitate a minority recapitalization of an unnamed, Southeastern U.S.-based specialty aircraft distributor. The transaction provides liquidity to the Company's CEO (the sole owner) and consists of first lien senior secured debt plus a direct minority equity investment.

Gallant Capital Partners Recapitalizes Cassavant Machining

February 20, 2020

Aerospace & Defense

Gallant Capital Partners completed a recapitalization and growth investment in Cassavant Machining, partnering with founders Joe Cassavant Jr. and Ed Cassavant, who remain significant shareholders. Comvest Credit Partners (with TCW Group) provided a $92.2 million senior secured credit facility to support the transaction and refinance existing debt; Gallant plans to expand Cassavant's manufacturing capabilities and pursue organic growth and strategic acquisitions.

NMS Capital Recapitalizes CSL Consulting

November 15, 2024

Engineering Services

NMS Capital has partnered with CSL Consulting's management in a recapitalization to support the company's next phase of growth. The investment will provide capital for organic expansion and acquisitions to scale CSL's Owner's Representative, project management and construction mitigation services.

Thompson Street Capital Partners Recapitalizes Software Technology, Inc. (Tabs3)

January 17, 2017

Software

Thompson Street Capital Partners has partnered with Software Technology, Inc. (STI), maker of the Tabs3 and PracticeMaster legal practice management and financial software suites, in a recapitalization of the business. Cascadia Capital served as STI's exclusive financial advisor; the recapitalization will support product expansion and pursuit of new market opportunities.

MSI Capital Partners and Aavin Equity Partners Recapitalize Green Diamond Sand Products

September 25, 2017

Manufacturing

MSI Capital Partners partnered with Aavin Equity Partners and Green Diamond management to recapitalize Green Diamond Sand Products and form Green Diamond Performance Materials Inc. as a platform to fund continued growth and potential add-on investments in the industrial minerals sector. The transaction closed on September 8, 2017, with Orca Capital Securities advising the company.