Investment Summary

Parkway Capital Invests In Stokes Counseling

On August 17, 2023, mezzanine finance firm Parkway Capital invested in healthcare services company Stokes Counseling

Investment Highlights
  • This is Parkway Capital’s 2nd transaction in the Healthcare Services sector.
  • This is Parkway Capital’s 20th transaction in the United States.
  • This is Parkway Capital’s 1st transaction in Connecticut.

Investment Summary
Date 2023-08-17
Target Stokes Counseling
Sector Healthcare Services
Investor(s) Parkway Capital
Deal Type Growth Capital

Target

Stokes Counseling

Naugatuck, Connecticut, United States
Stokes Counseling is a provider of mental health counseling to individuals, families, couples, and groups. Stokes Counseling was founded in 2011 and is based in Naugatuck, Connecticut.

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Investor(S) 1

Investor

Parkway Capital

Investor Investor Investor

Category Mezzanine Finance Firm
Founded 2000
PE ASSETS 400M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

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.

DEAL STATS #
Overall 21 of 26
Sector (Healthcare Services) 2 of 2
Type (Growth Capital) 5 of 7
State (Connecticut) 1 of 1
Country (United States) 20 of 25
Year (2023) 2 of 5
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DATE TARGET DEAL TYPE VALUE
2023-07-06 Dealer Solutions & Design

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Dealer Solutions & Design is a provider of the automotive fixed operation approach to design and outfitting fixed operations facilities with shop equipment for new and renovated automobile dealerships. DSD has now been involved in over 700 facility projects. Dealer Solutions & Design was founded in 2005 and is based in Duluth, Georgia.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-04 Architectural Polymers

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Architectural Polymers is a manufacturer and designer of urethane (rubber) and plastic molds, or form liners, that are used in pre-cast, tilt-up, and pour-in-place concrete construction applications to create textures, patterns, graphic designs and embedded thin brick surfaces on concrete walls. Architectural Polymers was founded in 1992 and is based in Palmerton, Pennsylvania.

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