Investment Summary

Harbor Beach Capital and Aldine Capital Partners Invest In Atlantic Southern Paving and Sealcoating

On August 12, 2019, private equity firm Harbor Beach Capital and mezzanine finance firm Aldine Capital Partners invested in construction company Atlantic Southern Paving and Sealcoating

Investment Highlights
  • This is Harbor Beach Capital’s 1st and Aldine Capital Partners’ 2nd transaction in the Construction sector.
  • This is Harbor Beach Capital’s 2nd and Aldine Capital Partners’ 42nd transaction in the United States.
  • This is Harbor Beach Capital’s 1st and Aldine Capital Partners’ 2nd transaction in Florida.

Investment Summary

Date 2019-08-12
Target Atlantic Southern Paving and Sealcoating
Sector Construction
Investor(s) Harbor Beach Capital
Aldine Capital Partners
Deal Type Growth Capital

Target

Atlantic Southern Paving and Sealcoating

Sunrise, Florida, United States
Atlantic Southern Paving and Sealcoating's headquarters in Sunrise, Florida.
Atlantic Southern Paving and Sealcoating's headquarters in Sunrise, Florida.
Atlantic Southern Paving and Sealcoating is a pavement maintenance and construction services, provider. Atlantic Southern Paving and Sealcoating provide outsourced pavement maintenance planning and repair, maintenance, and construction services. Atlantic Southern Paving and Sealcoating was founded in 1992 and is based in Sunrise, Florida.

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Investor(S) 2

DESCRIPTION

Harbor Beach Capital is a private equity firm focused on control investments in lower middle-market companies. Harbor Beach targets profitable companies with at least $2 million of EBITDA and will consider a variety of transaction situations including recapitalizations, ownership transitions, management buyouts, growth equity investments, and corporate carve-outs. Sectors of interest include manufacturing, business services, consumer services, environmental services, industrial services, healthcare, energy services, consumer products, and food/beverages. Harbor Beach Capital was formed in 2015 and is based in Fort Lauderdale, Florida.


DEAL STATS #
Overall 2 of 2
Sector (Construction) 1 of 1
Type (Growth Capital) 1 of 1
State (Florida) 1 of 1
Country (United States) 2 of 2
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-25 AVFX

Woburn, Massachusetts, United States

AVFX provides event technology services, including audio, visual, and lighting production and staging services for corporate events, trade shows, exhibits, and meetings, primarily in North America. AVFX was founded in 1981 and is based in Woburn, Massachusetts.

Buy -
Investor

Aldine Capital Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2005
Size Small
Type Sector Agnostic
DESCRIPTION

Aldine Capital Partners is a mezzanine investment firm that provides mezzanine and junior capital financing to lower middle-market companies generating sales of at least $10 million and at least $2 million in EBITDA. Aldine invests in the range of $4 to $25 million per transaction. Types of transactions include management buyouts, acquisition financings, shareholder liquidity events, recapitalizations, and growth financings of smaller middle-market companies. Aldine will consider investments across the United States, but has a primary focus on opportunities in the Midwest. The Firm will not consider investments in start-ups, turnarounds, real estate, insurance, banking, and oil/gas. Aldine Capital was formed in 2005 and is based in Chicago, Illinois.


DEAL STATS #
Overall 42 of 70
Sector (Construction) 2 of 3
Type (Growth Capital) 8 of 28
State (Florida) 2 of 2
Country (United States) 42 of 70
Year (2019) 6 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-06 Interlight

Hammond, Indiana, United States

Interlight is an online distributor of specialty lighting products and other replacement, consumable parts. Interlight utilizes its technology platform to leverage data and simplify the process of purchasing replacement products. Interlight was founded in 1992 and is based in Hammond, Indiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-12 Applied Process

Livonia, Michigan, United States

Applied Process, Inc. is a specialty heat treating company focused on austempering, an isothermal heat treatment which creates superior properties on ferrous metal parts: less distortion, higher strength, higher toughness, better wear resistance, lighter components, and lower overall cost.

Sell -