Iron Creek and SKP Holdings Recapitalize Prism Visual Software, Inc.

Prism Visual Software Acquires Advantage Route Systems

April 16, 2024

Software

Prism Visual Software, a portfolio company of Iron Creek Partners, has acquired Advantage Route Systems (ARS), a provider of route accounting and direct store delivery (DSD) software. The acquisition, which closed April 16, 2024, expands Prism's product portfolio, addressable market and geographic reach by adding ARS's Mango One suite and global customer footprint.

Iron Creek and Main Street Capital Recapitalize Verified Credentials

December 2, 2021

Staffing & HR

Iron Creek Partners led a recapitalization of Verified Credentials, Inc., joined by Verified's management team and Main Street Capital Corporation, closing in November 2021. The transaction provided growth capital to support Verified's technology advancement and product expansion; financial terms were not disclosed and CEO Kevin Spang remains in place and will join the board.

LXP Recapitalizes Black Creek Integrated Systems Corp.

May 3, 2024

Software

LXP, LLC completed a recapitalization of Black Creek Integrated Systems Corp., a provider of proprietary public safety software and facility control systems for high-security corrections facilities; the transaction closed on April 9, 2024. Midwest Mezzanine provided subordinated debt and a partial equity investment to support the deal while Third Coast Bank provided senior debt; Brady Hughes will become CEO and founder Ike Newton will transition to the board.

Main Street Capital and Iron Creek Partners Recapitalize Career Team Holdings

January 5, 2022

Education

Main Street Capital Corporation provided $24.8 million of first‑lien, senior secured term debt and a minority direct equity investment to Career Team Holdings, LLC to facilitate the recapitalizations of Career TEAM, LLC and Career Edge, LLC. Main Street partnered with Iron Creek Partners and the companies' existing owner/CEO (and an unnamed co‑investor) to provide growth capital, a revolving line of credit, and working capital to support future growth initiatives.

KT Capital Leads Recapitalization of Dealer Solutions & Design

November 9, 2021

Automotive

KT Capital partnered with Dealer Solutions & Design’s senior management to lead a recapitalization of Duluth, Georgia‑headquartered Dealer Solutions & Design (DSD). Parkway Capital (the mezzanine affiliate of Calvert Street Investment Partners), Callodine Strategic Credit, and Pine Street Capital Partners provided subordinated debt and equity to support the transaction and fund DSD’s expansion across the United States.

Iron Creek Partners Recapitalizes Midwest Backgrounds (MBI Worldwide)

December 3, 2021

Professional Services

Iron Creek Partners led a recapitalization of Midwest Backgrounds, Inc. (MBI Worldwide) in a transaction that closed in September 2021, with participation from MBI's management team and Main Street Capital Corporation. The investment provides growth capital to support MBI's expansion of its employment background screening and consumer reporting services; financial terms were not disclosed.