Parkway Capital Mergers and Acquisitions Summary

Mezzanine Finance Firm Profile

In the last 3 years, Parkway Capital has acquired 4 companies. It has also invested in 6 others.

Parkway Capital’s most common sectors for investment aremanufacturing (17%) and information technology (9%) . The Firm’s most common investment types include buyout (lbo, mbo, mbi) (42%) and recapitalization (30%). In total, Parkway Capital has invested in 17 US states and 2 different countries. Its largest (disclosed) acquisition occurred in 2008 when it acquired American Dryer for $300M.

In the last 3 years, Parkway Capital has exited 1 company. The Firm’s most common exit type is secondary buyout (42%).

Join Mergr to view Parkway Capital’s full profile and discover more middle-market mezzanine finance firm investors just like it.

M&A Summary

  • M&A Total Activity36
    • M&A Buy Activity24
    • M&A Sell Activity12
  • Total Sectors Invested 16
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 35
  • M&A Advisors 1

Parkway Capital

Parkway Capital

2330 West Joppa Road, Suite 320,
Lutherville, Maryland 21093
United States
(443) 573-3700
www.cscp.com/parkwaycapital

Parkway Capital is the mezzanine finance unit of Calvert Street Partners. Parkway's investments typically take the form of subordinated debt, which can be combined with a junior secured loan or preferred stock. If an opportunity calls for common equity, Parkway can also co-invest with other shareholders. Parkway looks to commit $3 to $12 million of capital per transaction in companies with at least $10 million in revenue and EBITDA in excess of $2 million. Funds are generally used to support business expansions, corporate acquisitions, leverage buyouts, recapitalization, ownership transfers, and 'wealth diversification'. Parkway Capital was formed in 2000 and became a unit of Calvert Street in 2019.


Investment Criteria

Sectors of Interest: Apparel/Textiles, Business Services, Construction, Consumer Products, Distribution, Electronics, Environmental, Food, Healthcare Services, Information Technology, Machinery, Manufacturing, Plastics, Safety/Security, Technology Hardware

Target Transaction Types: Buyout (LBO, MBO, MBI), Growth Capital, Recapitalization, Secondary Buyout

Geographic Preferences: East US, Midwest US, South US, West US

Transaction Criteria Min Max
Target Revenue 10 -
Target EBITDA 2 -
Investment Size 3 12
Enterprise Value - -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (2.2/yr) # 13 1 3 2 4 1 24
vol $300M $300M
Sell (0.2/yr) # 11 - - - 1 - 12
  36

Most Recent M&A

Company Date Value Type
Comprehensive Prosthetics and Orthotics 2024-02-20 - Recapitalization
Peoria, Illinois · www.cpousa.com
Chibuzo LLC 2023-10-27 - Growth Capital
Fort Smith, Arkansas
Architectural Polymers LLC 2023-10-04 - Recapitalization
Palmerton, Pennsylvania · www.apformliner.com
EBH Counseling Management LLC 2023-08-17 - Growth Capital
Naugatuck, Connecticut · www.stokescounseling.com
Dealer Solutions & Design LLC 2023-07-06 - Trade Sale
Duluth, Georgia · www.dsdteam.com
Palmetto Adhesives Company LLC 2023-02-28 - Growth Capital
Greenville, South Carolina · www.palmettoadhesives.com
GTA Containers, Inc. 2022-03-15 - Recapitalization
South Bend, Indiana · www.gtacontainers.com
Imagine Technology Group LLC 2022-02-16 - Recapitalization
Chandler, Arizona · www.itgarizona.com
Dealer Solutions & Design LLC 2021-09-30 - Growth Capital
Duluth, Georgia · www.dsdteam.com
Phoenix Feeds & Nutrition, Inc. 2021-09-08 - Growth Capital
New Haven, Vermont · www.phoenixfeeds.net
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Manufacturing 3 (27%) - 4 (17%) -
Business Services - - 2 (8%) -
Chemicals 2 (18%) - 2 (8%) -
Consumer Products - - 2 (8%) -
Healthcare Services 1 (9%) - 2 (8%) -
Information Technology 1 (9%) - 2 (8%) -
Machinery - - 1 (4%) 300M (100%)
Agriculture 1 (9%) - 1 (4%) -
Automotive - - 1 (4%) -
Construction 1 (9%) - 1 (4%) -
Consumer Services 1 (9%) - 1 (4%) -
Distribution - - 1 (4%) -
Environmental - - 1 (4%) -
Medical Products 1 (9%) - 1 (4%) -
Plastics - - 1 (4%) -
Technology Hardware - - 1 (4%) -
Total 11 - 24 $300M

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 11 (100%) - 23 (96%) 300M (100%)
  South Carolina 1 (9%) - 3 (13%) -
  Indiana 2 (18%) - 2 (8%) -
  Illinois 1 (9%) - 2 (8%) -
  Vermont 1 (9%) - 2 (8%) -
  Pennsylvania 1 (9%) - 2 (8%) -
  Iowa 1 (9%) - 1 (4%) -
  Connecticut 1 (9%) - 1 (4%) -
  Arkansas 1 (9%) - 1 (4%) -
  Arizona 1 (9%) - 1 (4%) -
  Alabama 1 (9%) - 1 (4%) -
  Massachusetts - - 1 (4%) 300M (100%)
  Missouri - - 1 (4%) -
  Maryland - - 1 (4%) -
  Georgia - - 1 (4%) -
  Colorado - - 1 (4%) -
  California - - 1 (4%) -
  North Carolina - - 1 (4%) -
Canada - - 1 (4%) -
  Ontario - - 1 (4%) -
Total 11 - 24 $300M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 2 (18%) - 10 (42%) -
Recapitalization 4 (36%) - 7 (29%) 300M (100%)
Growth Capital 5 (45%) - 6 (25%) -
Secondary Buyout - - 1 (4%) -
Total 11 - 24 $300M

Exits by Deal Type

Type Total # Value
Secondary Sale 5 (42%) -
Trade Sale 5 (42%) -
Recapitalization 1 (8%) -
Trade Sale - Public Company 1 (8%) -
Total 12 -

Top M&A Advisors

Financial Deals
Harris Williams & Co.
 1

Deal Values

buy # Total
$100M to $1B 1 $300M
TOTAL $300M
Largest American Dryer Corp.
$300M (2008-07-22)

M&A Connections

Deals
Acquired from
Investor(s)
4%
1 (4%)
Exited to
Investor(s)
50%
6 (50%)
Strategic(s)
50%
6 (50%)

Investor Summary

Investor Type

Mezzanine Finance Firm

Size

Middle-Market

PE Assets

400M USD

Established

2000

Specialist/Generalist

Generalist

Leadership

Christopher Pope

Co-founder

Drexel Knight

Co-founder

Carrie Sowers

Team Member

FAQ

When was Parkway Capital founded?

Parkway Capital was founded in 2000.

What type of investor is Parkway Capital?

Parkway Capital is a mezzanine finance firm.

Where is Parkway Capital headquartered?

Parkway Capital is headquartered in Lutherville, Maryland.

How much capital does Parkway Capital have under management?

Parkway Capital has 400M USD under management.

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