Private Equity Firm Financial Services

Calvert Street Investment Partners

Towson, MD, United States

Lower middle-market investment firm that partners with family, founder, and owner-operated businesses. Operates two complementary strategies: Crescentia Capital (equity buyouts) and Parkway Capital (mezzanine).

Focus Areas
Lower middle market private equity, Equity buyouts, Mezzanine investments

Tracked deals

12

12 tracked deals across 2018-2024.

Recent pace

0

0 tracked deals announced in the last 12 months.

Deal mix

Addon

6 addon · 3 buyout · 2 recapitalization

Calvert Street Investment Partners Acquisition Volume by Year

Last 7 years

Acquisition volume by year Annual acquisition counts for the last 7 years for Calvert Street Investment Partners. 1 2018 2 2019 2 2020 2 2021 3 2022 1 2023 1 2024

Supporting Data

Recent Transactions

  • Buyer
    AllClear Underground Solutions, LLC, Calvert Street Investment Partners (portfolio/ownership context)
    Target
    Engineered Spray Solutions (ESS)
    Type
    Addon

    AllClear Underground Solutions, LLC completed its acquisition of Engineered Spray Solutions (ESS), a spray-applied infrastructure rehabilitation and coatings provider focused on water, wastewater, and chemical containment systems. AllClear said the deal expands its Southeastern U.S. inflow and infiltration prevention capabilities, geographic reach, and service offerings.

  • Buyer
    Machine Specialties, Inc., Calvert Street Capital Partners
    Target
    Cambridge Specialty Company, Inc.
    Seller
    Peter Campanelli
    Type
    Addon

    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.

  • Buyer
    Calvert Street Capital Partners, Kathi Holst, NewSpring Mezzanine, Southfield Mezzanine
    Target
    Traffic Safety (Traffic Safety Solutions Holdings, LLC), D2K Traffic Safety, Inc.
    Type
    Buyout

    Calvert Street Capital Partners has made a control investment to form a new platform, Traffic Safety (Traffic Safety Solutions Holdings, LLC), by acquiring D2K Traffic Safety, Inc. The investment is alongside industry veteran Kathi Holst (who will serve as Operating Partner) and is supported with mezzanine financing from NewSpring Mezzanine and Southfield Mezzanine to fund growth and future add-on acquisitions.

  • Buyer
    Arctaris Impact Investors, Calvert Street Partners, Erie Insurance, The Abell Foundation, Neighborhood Impact Investment Fund (NIIF)
    Target
    Up To Date Laundry

    Arctaris Impact Investors (with co-investor Calvert Street Partners and support from ERIE Insurance, The Abell Foundation, and NIIF) made a follow-on growth equity investment in Up To Date Laundry (UTD), one of the largest healthcare laundry facilities on the U.S. East Coast. The capital will fund automation, energy-efficiency upgrades, linen purchases for new customers, and workforce expansion in Baltimore.

  • Buyer
    Calvert Street Capital Partners, Allclear Underground Solutions
    Target
    Rowland, Inc.
    Industry
    Infrastructure
    Type
    Buyout

    Calvert Street Capital Partners has formed a new platform, Allclear Underground Solutions, and acquired Rowland, Inc., a West Central Florida provider of underground water and wastewater infrastructure services. The investment, made in partnership with Rowland's senior management and led operationally by CEO Brian Johnson, positions Allclear to pursue further add-on acquisitions and expand services for municipal and utility customers across Florida and the Southeast.

  • Buyer
    Calvert Street Capital Partners, Inc.
    Target
    Machine Specialties, Inc.
    Seller
    Rob Simmons, Tammy Simmons, Machine Specialties management
    Industry
    Manufacturing

    Calvert Street Capital Partners recapitalized Machine Specialties, Inc. (MSI) in partnership with the company's management team to support MSI's next phase of organic and acquisitive growth. The transaction closed on September 20, 2021 and positions MSI to expand capabilities serving aerospace & defense, medical, industrial and other end markets.

  • Buyer
    Parkway Capital, Calvert Street Investment Partners
    Target
    Phoenix Feeds & Nutrition
    Industry
    Agriculture

    Parkway Capital, the mezzanine investment arm of Calvert Street Investment Partners, provided subordinated debt to lead a recapitalization of Phoenix Feeds & Nutrition, marking the company's first institutional capital. The financing is intended to support PFN's growth initiatives and expansion of operations across New England and New York.

  • Buyer
    FDS, Calvert Street Capital Partners
    Target
    Amplicare
    Industry
    Cloud & SaaS
    Type
    Addon

    Calvert Street-backed pharmacy software provider FDS completed a strategic merger with Amplicare effective August 31, 2020, combining Amplicare's Medicare plan comparison and decision-automation tools with FDS's New Era Pharmacy platform. The combined organization will remain based in Fort Worth, Texas, operate additional locations in New York City and Columbia, Maryland, and serve more than 15,500 pharmacies nationwide to expand capabilities and data-driven services for community pharmacies.

  • Buyer
    Technical Diagnostic Services, Calvert Street
    Target
    Potomac Testing, Inc.
    Type
    Addon

    Technical Diagnostic Services (TDS), backed by Calvert Street, has acquired Potomac Testing, Inc., a Crofton, Maryland-based provider of low- and medium-voltage electrical testing, maintenance and engineering services. The businesses will continue to operate under distinct brands and the deal is positioned as an add-on to expand TDS's service footprint and capabilities in the Mid-Atlantic.

  • Buyer
    Advanced Grinding Solutions (dba Abrasive Form), Calvert Street Capital Partners
    Target
    Sun Country Industries
    Seller
    McNally Industries
    Type
    Addon

    Advanced Grinding Solutions, operating as Abrasive Form and owned by Calvert Street Capital Partners, has acquired Sun Country Industries from McNally Industries. The acquisition expands Abrasive Form’s precision machining and assembly capabilities to better serve aerospace and industrial gas turbine customers.

  • Buyer
    Thermal Process Holdings, Inc., Calvert Street Capital Partners, Patriot Capital
    Target
    Hudapack Metal Treating, Inc., P&L Heat Treating
    Type
    Addon

    Thermal Process Holdings, a platform formed by Calvert Street Capital Partners and led by John Hubbard, acquired Hudapack Metal Treating, Inc. and P&L Heat Treating. Patriot Capital provided senior debt and equity financing to support the transaction as TPH continues a buy-and-build strategy in the thermal processing industry.

  • Buyer
    Calvert Street Capital Partners
    Target
    Zebra Environmental & Industrial Services
    Type
    Buyout

    Calvert Street Capital Partners has completed the acquisition of Zebra Environmental & Industrial Services and named Bill Hunter as President and CEO. Founded in 2005 by David and Amy Tedder, Zebra is a regional provider of environmental, industrial, and emergency response solutions across the southeastern United States; Calvert Street plans to support Zebra's growth and expand its multidisciplinary service offering.

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