Sidereal Capital Leads Recapitalization of Palmetto Adhesives

Carousel Capital Recapitalizes Palmetto Infusion Services

April 16, 2019

Healthcare Services

Carousel Capital partnered with Palmetto Infusion Services management to recapitalize Palmetto, a leading operator of ambulatory infusion centers. The recapitalization will provide growth capital to expand Palmetto's footprint across the Southeast and support continued delivery of specialty infusion and in-home administration services.

Sidereal Capital Leads Recapitalization of Peachey Hardwood Flooring with Parkway and Farragut

October 3, 2023

Manufacturing

Sidereal Capital Group led a recapitalization of Peachey Hardwood Flooring, partnering with the company's senior management while Parkway Capital and Farragut Capital Partners provided subordinated/unitranche debt and equity financing. The transaction provides liquidity to owner Don Coleman and will fund increased production capacity and growth initiatives at the Reedsville, Pennsylvania manufacturer of premium hardwood flooring and millwork.

Sidereal Capital and Management Recapitalize Mike Alexander Company (MALCO)

May 15, 2024

Manufacturing

Sidereal Capital Group partnered with senior management (led by Micha Alexander) to recapitalize Mike Alexander Company, Inc. (MALCO), a Tulsa-based manufacturer of refractory anchors and custom metal fabrication. Parkway Capital and Farragut Capital Partners provided subordinated debt and equity to support the transaction as part of a generational transition from founder Mike Alexander to his son Micha; terms were not disclosed.

Graycliff Partners Provides Subordinated Debt and Minority Equity to Palmetto Moon

February 3, 2026

Retail

Graycliff Partners LP completed a subordinated debt investment and minority equity investment in Palmetto Moon, LLC, a Charleston-based specialty retailer operating 51 stores across the Southeastern United States. Proceeds will fund a distribution to shareholders and general corporate purposes; Palmetto Moon remains a portfolio company of Topspin Consumer Partners.

CenterOak Partners Majority Recapitalizes Palmetto Exterminators

October 6, 2022

Environmental Services

CenterOak Partners completed a majority recapitalization of Palmetto Exterminators, with the selling family retaining an equity stake and the incumbent senior management remaining in place. Palmetto, headquartered in Charleston, South Carolina, operates eight branches providing general pest, termite and mosquito control to residential and commercial customers across the Carolinas and Georgia; CenterOak intends to support the company's organic growth and roll-up strategy through add-on acquisitions.

LLR Partners and Parthenon Capital Recapitalize DaySmart Software

October 16, 2019

Cloud & SaaS

LLR Partners and Parthenon Capital completed a growth-oriented recapitalization of DaySmart Software, acquiring the Ann Arbor-based provider of vertically-focused business management software for salons, pet care, spas and tattoo studios from SFW Capital Partners. The recapitalization is intended to fund product investment, accelerate organic growth and enable complementary acquisitions while DaySmart remains led by CEO Jeff Dickerson.