Investment Summary

Boathouse Capital and Spring Capital Partners Invest In TalentBridge

On March 16, 2017, private equity firm Boathouse Capital and mezzanine finance firm Spring Capital Partners invested in staffing company TalentBridge

Investment Highlights
  • This is Boathouse Capital’s 1st and Spring Capital Partners’ 1st transaction in the Staffing sector.
  • This is Boathouse Capital’s 34th and Spring Capital Partners’ 35th transaction in the United States.
  • This is Boathouse Capital’s 3rd and Spring Capital Partners’ 2nd transaction in North Carolina.

Investment Summary

Date 2017-03-16
Target TalentBridge
Sector Staffing
Investor(s) Boathouse Capital
Spring Capital Partners
Deal Type Growth Capital

Target

TalentBridge

Charlotte, North Carolina, United States
TalentBridge provides contract staffing, executive and professional placements, providing services to its customers that include temporary, temporary-to-hire, and professional placement across diverse technical and administrative disciplines. TalentBridge was founded in 1985 and is based in Charlotte, North Carolina.

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Investor(S) 2

Investor

Boathouse Capital

Wayne, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2008
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Boathouse Capital is a provider of mezzanine and equity capital to lower middle-market companies in a variety of industries. The Firm works in partnership with management teams and private equity firms in funding private equity sponsored buyouts, management buyouts, recapitalizations, refinancings, and growth capital financings. Boathouse can commit up to $25 million per transaction and generally pursues companies with 'exceptional' management, sustainable competitive advantages, growing end markets, 'sticky' business models, and diversified customers. Boathouse seeks companies with at least $10 million in revenues and at least $5 million of EBITDA. Boathouse is based in Wayne, Pennsylvania.


DEAL STATS #
Overall 34 of 52
Sector (Staffing) 1 of 2
Type (Growth Capital) 23 of 39
State (North Carolina) 3 of 4
Country (United States) 34 of 52
Year (2017) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-10 Cozzini Bros

Des Plaines, Illinois, United States

Cozzini Bros is a full-service provider of sharpening and other blade exchange programs for restaurants, grocery stores, commercial kitchens, cafeterias, hospitals and schools. While maintaining the heritage, values and customer focus, company have been encouraged by customers to invest in customized blade sharpening programs for a variety of equipment, and in developing sophisticated invoicing capabilities. Cozzini Bros was formed in 2003 and is based in Des Plaines, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-04 Convene

New York City, New York, United States

Convene is a developer and operator of urban day conference centers. Convene provides an ideal outsourced model for meetings, conferences, board sessions, investor presentations, corporate gatherings and training needs. Its suite of services includes meeting and collaboration space rental along with staffing, audiovisual, catering and conference planning support. Convene was founded in 2009 and is based in New York City.

Sell $68M
Investor

Spring Capital Partners

Lutherville, Maryland, United States

Investor Investor


Category Mezzanine Finance Firm
Founded 1999
PE ASSETS 600M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Spring Capital Partners is a mezzanine finance provider for small to medium-sized businesses. Spring invests $2 to $20 million, primarily in the form of subordinated debt with equity features in each transaction. The Firm does not have an industry focus. Spring Capital looks for businesses located in the Mid-Atlantic US with revenues between $10 and $150 million. Spring Capital Partners was formed in 1999 and has offices in Baltimore, Maryland and Radnor, Pennsylvania.


DEAL STATS #
Overall 35 of 45
Sector (Staffing) 1 of 1
Type (Growth Capital) 13 of 16
State (North Carolina) 2 of 2
Country (United States) 35 of 45
Year (2017) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-03 Rita s

Trevose, Pennsylvania, United States

Rita's is an ice and frozen treat franchiser in the world with more than 600 stores. The company is aggressively expanding internationally with operating locations in the Philippines, Canada, and the Middle East. Rita's was founded in 1984 and is based in Trevose, Pennsylvania.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-02 HMS

New York, New York, United States

HMS designs, manufactures and distributes women's Knit and Women garments Worldwide. HMS was founded in 1986 and is based in New York, New York.

Buy -