Capitala Group and SouthWorth Capital Invest in Fremont-Wright, LLC

Capitala Group Makes $23M of Follow-on Growth Investments in Three Portfolio Companies

February 22, 2022

Professional Services

Capitala Group provided approximately $23 million of additional growth capital across three existing portfolio companies — American Landscaping Partners, Fremont-Wright, and Linden Lab — to support continued strategic growth and future add-on activity. The funding is intended to support operating growth, potential accretive add-on acquisition activity, and ongoing partnership with management teams.

Fremont-Wright LLC Acquires Harmsen & Associates, Inc.

October 3, 2018

Engineering Services

Fremont-Wright LLC has acquired Harmsen & Associates, Inc., a civil engineering and land surveying firm based in Washington state. The buyer intends to integrate Harmsen's surveying, land-use planning and civil engineering capabilities into its national platform to expand service offerings and geographic coverage.

Capitala Group, Gladstone Investment Corporation and KCM Capital Partners Invest in Mason West

October 22, 2020

Building Products

Capitala Group, alongside Gladstone Investment Corporation and KCM Capital Partners, has made a debt and equity growth investment in Mason West to support the company's ongoing expansion. Mason West, based in Placentia, California, is an industry leader in engineered seismic restraint and vibration isolation products serving MEP contractors across healthcare, technology, education and government construction markets.

SouthWorth Capital Management Acquires American Furniture Manufacturing

January 19, 2026

Manufacturing

Memphis-based family office SouthWorth Capital Management has acquired American Furniture Manufacturing (AFM), a vertically integrated producer of upholstered residential furniture headquartered in Ecru, Mississippi. AFM operates over 700,000 square feet of manufacturing and assembly space, employs more than 650 people across its subsidiaries (Peak Living, Independent Furniture Supply, Delta Furniture Manufacturing, Southern Fibers), and will partner with SouthWorth to accelerate growth and expand market reach; financial terms were not disclosed.

Allworth Financial Acquires Capstone Capital, Inc.

May 26, 2020

Wealth Management

Allworth Financial, a Parthenon-backed wealth management firm, has acquired Capstone Capital, Inc., a Cincinnati-based investment advisory firm with approximately $100 million in client assets. Founder Bob Sponseller is joining Allworth, and the deal expands Allworth's footprint in the Ohio region as part of its ongoing add-on acquisition strategy for its Parthenon-backed platform.

Modern Capital Acquires Western Equity Group, Inc.

March 16, 2020

Financial Services

Modern Capital, a Charleston-based diversified financial services firm, has entered into a definitive agreement to acquire Western Equity Group, Inc., an SEC-registered, FINRA-member broker-dealer. The acquisition will expand Modern Capital’s retail and institutional trading capabilities and establish a capital markets desk; Western Equity Group will be renamed Modern Capital Securities Co. and its personnel will join Modern upon closing (subject to FINRA approval).