Rising Point Capital Leads Recapitalization of Conco Services Corporation

Rising Point Capital Recapitalizes PirTano Construction Company

August 24, 2021

Construction

Rising Point Capital recapitalized PirTano Construction Company, with subordinated debt and equity from Spring Capital and Medallion Capital and senior debt provided by PNC Bank. Hyde Park Capital served as the exclusive investment banker; the deal provides an exit/retirement pathway for PirTano's founder/management team while supporting future growth and scaling of the business.

Conco Services Acquires Blue Wolf Performance Solutions

June 13, 2023

Industrial Services

Conco Services LLC, a portfolio company backed by Rising Point Capital (and supported by Tecum Capital, UMB Capital Corporation, and Unity Hunt), acquired Blue Wolf Performance Solutions and its subsidiaries from Dorilton Capital Management. The deal, which closed May 26, 2023, folds Blue Wolf’s specialist industrial cleaning and heat-exchanger service lines into Conco to broaden capabilities and expand Conco’s service offering and geographic footprint.

RCap Equity Partners Leads Majority Recapitalization of Northeast Contracting Corp.

September 4, 2024

Construction

RCap Equity Partners led a majority recapitalization of Northeast Contracting Corp. (NECC) in partnership with Monroe Capital LLC and existing shareholders. NECC, a Lorton, Virginia–based full-service commercial roofing company serving education, government, multi-family and industrial end markets across the Mid-Atlantic, will use the partnership capital to invest in its team, expand service offerings and pursue strategic acquisitions.

Concentric Equity Partners Recapitalizes Riverbend Sandler Pools

April 29, 2021

Construction

Concentric Equity Partners (the direct investing arm of Financial Investments Corporation) has completed a recapitalization of Riverbend Sandler Pools, a Plano, Texas-based residential pool construction, service and retail-supplies business. Founder and CEO Charles Barnes will remain an owner and continue to lead the company as Concentric provides capital and strategic support to pursue further growth across the Dallas–Fort Worth market and greater Texas.

New Mountain Capital and Wind Point Partners Recapitalize Ascensus Specialties

July 7, 2021

Manufacturing

New Mountain Capital has led a recapitalization of Ascensus Specialties, with Wind Point Partners exiting its prior fund position while reinvesting alongside New Mountain through a special purpose vehicle anchored by Blackstone Strategic Partners. Ascensus, a Bellevue, Washington-based specialty chemicals manufacturer and global leader in borohydride, borane and specialty alcoholate reagents, will use the new capital to support R&D, product innovation and continued growth across pharmaceutical, microelectronics and other specialty end markets.

Creedence Energy Services Recapitalizes Magna Energy Services

September 13, 2021

Oil & Gas

Creedence Energy Services, a Tower Arch Capital portfolio company, has recapitalized Magna Energy Services, LLC, making Magna a wholly owned subsidiary while Magna CEO Adam Kelly remains an operator and significant investor. The deal (terms undisclosed) is financed by KeyBank and expands Creedence’s production-chemicals footprint in New Mexico (including a new Carlsbad facility), broadening geographic reach and technical capabilities across the Permian and San Juan basins.