Investment Summary

Larsen MacColl Partners, Balance Point Capital Partners and Farragut Capital Partners Invest In City Tap House

On December 1, 2015, private equity firm Larsen MacColl Partners, mezzanine finance firm Balance Point Capital Partners and mezzanine finance firm Farragut Capital Partners invested in restaurant City Tap House

Investment Highlights
  • This is Larsen MacColl Partners’ 2nd, Balance Point Capital Partners’ 1st and Farragut Capital Partners’ 4th transaction in the Restaurants sector.
  • This is Larsen MacColl Partners’ 13th, Balance Point Capital Partners’ 19th and Farragut Capital Partners’ 61st transaction in the United States.
  • This is Larsen MacColl Partners’ 6th, Balance Point Capital Partners’ 1st and Farragut Capital Partners’ 6th transaction in Pennsylvania.

Investment Summary

Date 2015-12-01
Target City Tap House
Sector Restaurants
Investor(s) Larsen MacColl Partners
Balance Point Capital Partners
Farragut Capital Partners
Deal Type Growth Capital

Target

City Tap House

Philadelphia, Pennsylvania, United States
City Tap House is a craft beer and restaurant concept serving high-quality food and a best-in-class beer selection in a casually upscale setting. City Tap House currently operates eight restaurants - two in Philadelphia, two in Washington, D.C., and one each in Boston, Nashville, Atlanta, and Chicago - and will open an additional location in Loudon, Virginia later this year. City Tap House was founded in 2010 and is based in Philadelphia, Pennsylvania.

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Investor(S) 3

Investor

Larsen MacColl Partners

Wayne, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

Larsen MacColl Partners is a private equity firm focused on investing in established, profitable companies with proven management and strong growth potential. The Firm targets companies generating $5 to $50 million in annual sales and cash-flow of $1 to $5 million. Larsen MacColl looks for companies operating in basic industries. Larsen MacColl was formed in 2004 and is based in Philadelphia, Pennsylvania.


DEAL STATS #
Overall 13 of 13
Sector (Restaurants) 2 of 2
Type (Growth Capital) 4 of 4
State (Pennsylvania) 6 of 6
Country (United States) 13 of 13
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-27 A&S Services Group

New Freedom, Pennsylvania, United States

A&S Services Group, LLC is a provider of transportation, warehousing, distribution and logistics solutions focused on high quality, best in class customer service in the Northeast and Mid-Atlantic region, with an additional presence in the Southeast and Midwest. Over the years, A&S has grown organically and through acquisitions, including the Diamond Group, Inc., Den-El Transfer and Kinard Trucking.

Sell $55M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-31 Alex C. Fergusson

Chambersburg, Pennsylvania, United States

Alex C. Fergusson LLC (AFCO) is a specialty chemical and food safety provider serving the food and beverage processing industry. Alex C. Fergusson LLC was founded in 1855 and is based in Chambersburg, Pennsylvania.

Sell -
Investor

Balance Point Capital Partners

Westport, Connecticut, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2007
PE ASSETS 1.7B USD
Size Small
Type Sector Agnostic
DESCRIPTION

Balance Point Capital Advisors is a provider of equity and debt capital to middle-market US-based companies. The Firm looks to invest $5 to $30 million in companies generating $10 $150 million in revenue. The Firm invest in the range of $15 to $75 million with and enterprise value of $10 to $150 million. Funds are used to support a variety of needs, including private equity sponsored buyouts, strategic acquisitions, refinancing's, management buyouts, leveraged recapitalizations, and growth capital financing needs. Balance Point Capital is based in Westport, Connecticut.


DEAL STATS #
Overall 19 of 46
Sector (Restaurants) 1 of 2
Type (Growth Capital) 8 of 26
State (Pennsylvania) 1 of 2
Country (United States) 19 of 44
Year (2015) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-17 Igenex

Milpitas, California, United States

IGeneX is a testing services provider for Lyme disease and other tick-borne illnesses. Igenex is based in Milpitas, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-16 Johnny on the Spot

Old Bridge Township, New Jersey, United States

Johnny on the Spot, Inc. is a provider of portable toilets and related products to the special event and construction industries, as well as residential and commercial septic system maintenance, inspections, repairs and installations in New Jersey, New York and Pennsylvania.

Sell -
Investor

Farragut Capital Partners

Chevy Chase, Maryland, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2011
PE ASSETS 1.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Farragut Capital Partners LLC is a private investment firm that provides mezzanine and equity capital to help finance buyouts, generational transfers, growth capital financings, and recapitalizations. The Firm prefers asset-light businesses with unique and defensible market positions, stable business models, and reasonable capital expenditure and working capital needs. Sectors of interest include light and niche manufacturing, business services, distribution & logistics, and media. Farragut's target investment size is $2 to $10 million. Farragut Capital Partners was formed in 2011 and is based in Washington, District of Columbia.


DEAL STATS #
Overall 61 of 97
Sector (Restaurants) 4 of 5
Type (Growth Capital) 15 of 28
State (Pennsylvania) 6 of 8
Country (United States) 61 of 97
Year (2015) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-30 Tri-Cities Restaurant Group

Kingsport, Tennessee, United States

Tri-Cities Restaurant Group is a multi-unit Wendy's franchisee operating in northeast Tennessee and southwest Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-11 Atlas Wire

Itasca, Illinois, United States

Atlas Wire is a manufacturer of PVC, nylon, and cross-linked polyethylene insulated wire used in a variety of industries and applications. Atlas Wire was founded in 1966 and is based in Itasca, Illinois.

Buy -