Parkway Capital Mergers and Acquisitions Summary

Mezzanine Finance Firm Profile

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

Parkway Capital’s most common sectors for investment aremanufacturing (16%) and business services (11%) . The Firm’s most common investment types include buyout (lbo, mbo, mbi) (53%) and recapitalization (27%). In total, Parkway Capital has invested in 15 US states and 2 different countries. Its largest (disclosed) acquisition occurred in 2008 when it acquired American Dryer for $300M.

The Firm’s most common exit type is secondary buyout (46%).

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 Activity30
    • M&A Buy Activity19
    • M&A Sell Activity11
  • Total Sectors Invested 14
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 31
  • M&A Advisors 1

Parkway Capital

2330 West Joppa Road, Suite 320,
Lutherville, Maryland 21093
United States
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 15 -
Target EBITDA 2 -
Investment Size 3 15
Enterprise Value - -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '18 '19 '20 '21 '22 '23 T
Buy (1.2/yr) # 13 - 1 3 2 - 19
vol $300M $300M
Sell (0.0/yr) # 11 - - - - - 11
  30

Most Recent M&A

Company Date Value Type
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
Pools on the Gulf LLC 2021-02-16 - Growth Capital
Mobile, Alabama
Incorp Holdings LLC 2020-11-19 - Buyout (LBO, MBO, MBI)
Evansville, Indiana · www.incorpinc.net
Potter Electric Signal Co. 2017-12-20 - Secondary Buyout
St. Louis, Missouri · www.pottersignal.com
Westone Laboratories, Inc. 2017-10-30 - Secondary Buyout
Colorado Springs, Colorado · www.westone.com
Spencer N Enterprises, Inc. 2017-09-18 - Add-on Acquisition
El Monte, California
American Dryer Corp. 2015-05-18 - Add-on Acquisition
Fall River, Massachusetts · www.amdry.com
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Manufacturing 2 (29%) - 3 (16%) -
Business Services - - 2 (11%) -
Consumer Products - - 2 (11%) -
Information Technology 1 (14%) - 2 (11%) -
Machinery - - 1 (5%) 300M (100%)
Agriculture 1 (14%) - 1 (5%) -
Automotive 1 (14%) - 1 (5%) -
Construction 1 (14%) - 1 (5%) -
Consumer Services 1 (14%) - 1 (5%) -
Distribution - - 1 (5%) -
Environmental - - 1 (5%) -
Healthcare Services - - 1 (5%) -
Plastics - - 1 (5%) -
Technology Hardware - - 1 (5%) -
Total 7 - 19 $300M

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 7 (100%) - 18 (95%) 300M (100%)
  Indiana 2 (29%) - 2 (11%) -
  Vermont 1 (14%) - 2 (11%) -
  South Carolina - - 2 (11%) -
  Iowa 1 (14%) - 1 (5%) -
  Georgia 1 (14%) - 1 (5%) -
  Arizona 1 (14%) - 1 (5%) -
  Alabama 1 (14%) - 1 (5%) -
  Massachusetts - - 1 (5%) 300M (100%)
  Pennsylvania - - 1 (5%) -
  North Carolina - - 1 (5%) -
  Missouri - - 1 (5%) -
  Maryland - - 1 (5%) -
  Illinois - - 1 (5%) -
  Colorado - - 1 (5%) -
  California - - 1 (5%) -
Canada - - 1 (5%) -
  Ontario - - 1 (5%) -
Total 7 - 19 $300M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 2 (29%) - 10 (53%) -
Recapitalization 2 (29%) - 5 (26%) 300M (100%)
Growth Capital 3 (43%) - 3 (16%) -
Secondary Buyout - - 1 (5%) -
Total 7 - 19 $300M

Exits by Deal Type

Type Total # Value
Secondary Sale 5 (45%) -
Trade Sale 4 (36%) -
Recapitalization 1 (9%) -
Trade Sale - Public Company 1 (9%) -
Total 11 -

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)
5%
1 (5%)
Exited to
Investor(s)
55%
6 (55%)
Strategic(s)
45%
5 (45%)

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