Patriot Capital
 | |
| Private | |
| Industry | Private Equity |
| Founded | 2004 |
| Headquarters | Baltimore, Maryland, USA |
| Products | Growth capital, Mezzanine capital |
| Total assets | over $550 million |
| Website | www.patriot-capital.com |
Patriot Capital is a private equity firm with offices in Baltimore, MD, Chicago, IL, and Dallas, TX. The firm focuses on growth capital and mezzanine capital investments in middle-market companies seeking to finance business expansion, acquisitions, management buyouts or balance sheet recapitalizations.
Patriot Capital III SBIC closed with over $250 million of capital in July 2013. Patriot Capital III SBIC and its predecessor funds, Patriot Capital II, Patriot Capital I, and Allegiance Capital, have over $550 million of capital under management.
The firm typically makes subordinated debt and preferred equity investments throughout the United States. It seeks to make investments between $3 and $20 million in small and medium-sized private companies, usually having annual revenues of $10 million to $200 million and enterprise values of $15 million to $100 million. Additionally, the firm will participate in financings that are significantly larger through its extensive network of regional and national private equity and mezzanine firms.
Since its founding, Patriot Capital has raised over $500 million of capital through four investment funds:[1]
- 1999, - Allegiance Capital
- 2003, $50 - Patriot Capital I
- 2006, $180 - Patriot Capital II
- 2013, $250 - Patriot Capital III SBIC
Portfolio Companies
- Patriot Capital II:
- Custom Control Concepts, LLC; Inspection Oilfield Services, Auburn Armature, Inc.; CSP Business Media, LLC; ALON, Inc. and XL Associates, Inc.; GroupAero; Vantage media; Mimeo.com; Center Manufacturing, Inc.; Chandler Industries; R&D Circuits; PPI-Time Zero; KLMK Group, Inc.; Cutex; Cyalume Technologies; Gayesco; STX Healthcare Services; The Motley Fool; Southeast Directional Drilling; Towne Park; 1757 Golf, LLC; Terracare Associates; CommutAir; International Development LLC; R&H Supply, Inc.; PW Stephens Environmental, Inc.; Instrument Sales and Service, Inc.; AWS Convergence Technologies, Inc.; CSS Antenna, Inc.; eServices LLC; Home Health Holdings
- Patriot Capital I:
- PRI Group; Newmar; Controlled Contamination Services; Turning Technologies; Expert Janitorial Services; D&S Residential Services; Dedicated Transport
- Prior Portfolio Companies:
- CheckAgain; Telecom USA Publishing Group, Inc.; Prosoft; Labor Ready; Arnold Moving, Inc.; PJNJ Foods (Papa John's Pizza Franchisee); DigitalThink; ExpertPlan; Remet; Accuship; Option 1; Sequel Youth and Family Services; Advanced Call Center Technologies; Automated Resources Group, Inc. (ARGI)