Growth Capital • Information Technology

Massachusetts Capital Resources Company Invests In Source Code

On October 1, 2007, mezzanine finance firm Massachusetts Capital Resources Company invested in information technology company Source Code

Investment Context
  • This is Massachusetts Capital Resources Company’s 1st transaction in the Information Technology sector.
  • This is Massachusetts Capital Resources Company’s 9th transaction in the United States.
  • This is Massachusetts Capital Resources Company’s 8th transaction in Massachusetts.
Investment Fate
  • Source Code was sold to a consortium of financial buyers in 2018.
  • Source Code was sold to a consortium of financial buyers in 2021.

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Investment Summary

Date October 1, 2007
Target Source Code
Sector Information Technology
Investor(s) Massachusetts Capital Resources Company
Deal Type Growth Capital

Target Company

Source Code

Norwood, Massachusetts, United States
Source Code is a provider of custom manufactured computer solutions, computer component sourcing, and distribution services throughout the Northeast and Midwest. Source Code was founded in 1992 and is based in Milford, Massachusetts.
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Investor Overview 1

Investor

Massachusetts Capital Resources Company

Boston, Massachusetts, United States

Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1977
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Massachusetts Capital Resource Company (MCRC) is a limited partnership privately owned and funded by Massachusetts-based life insurance companies. MCRC provides mezzanine financing for businesses with $3 to $100 million in revenue seeking capital to fund growth, strengthen balance sheets, or complete acquisitions. MCRC will consider investments in technology and non-technology companies seeking capital of $1 to $5 million. MCRC was formed in 1977 and is based in Boston, Massachusetts.


Deal Context for Investor #
Overall 9 of 35
Sector: Information Technology 1 of 3
Type: Growth Capital 1 of 17
State: Massachusetts 8 of 34
Country: United States 9 of 35
Year: 2007 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-01 Litecontrol

Plympton,, Massachusetts, United States

Litecontrol is a designer, development, manufacture, and marketing of innovative, high quality architectural lighting systems.Company has offered innovative and sustainable lighting solutions for a range of commercial and institutional buildings.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-01 MicroCal

Piscataway, New Jersey, United States

MicroCal LLC develops and manufactures the most sensitive and reliable microcalorimeters.

Sell -