Investment Summary

PNC Riverarch Capital and Golub Capital Invest In Metal Supermarkets

On December 9, 2024, private equity firm PNC Riverarch Capital and lender Golub Capital invested in retailer Metal Supermarkets

Investment Highlights
  • This is PNC Riverarch Capital’s 3rd and Golub Capital’s 8th transaction in the Retail sector.
  • This is PNC Riverarch Capital’s 4th and Golub Capital’s 2nd transaction in Canada.
  • This is PNC Riverarch Capital’s 3rd and Golub Capital’s 1st transaction in Ontario.

Investment Summary

Date 2024-12-09
Target Metal Supermarkets
Sector Retail
Investor(s) PNC Riverarch Capital
Golub Capital
Deal Type Growth Capital

Target

Metal Supermarkets

Toronto, Ontario, Canada
Metal Supermarkets operates convenience stores for metal, providing solutions to customers’ metal needs in both the business-to-business and business-to-consumer categories. Metal Supermarkets was formed in 1985 and is based in Toronto, Ontario.

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Investor(S) 2

Investor

PNC Riverarch Capital

Pittsburgh, Pennsylvania, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 2011
PE ASSETS 250M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

PNC Riverarch Capital is a middle-market private equity group that invests in privately-held companies headquartered throughout North America. The Group looks to commit $10 to $50 million to help fund recapitalizations, leveraged and management buyouts, corporate divestitures and growth financings. Target sectors include business and industrial services, specialized manufacturing, and value-added distribution. PNC Riverarch was formed in 2011 and is an affiliate of PNC Financial Services Group.


DEAL STATS #
Overall 37 of 37
Sector (Retail) 3 of 3
Type (Growth Capital) 9 of 9
State (Ontario) 3 of 3
Country (Canada) 4 of 4
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-31 Hill Country Dairies

Austin, Texas, United States

Hill Country Dairies (HCD) provides full-service dairy programs and category management services to food service customers through a high-touch DSD model, serving thousands of customers across six Texas branches. Their product offering includes over 200 milk, butter, cream, and cheese items that are primarily used as input ingredients into core menu items at restaurants and other food service locations. Hill Country Dairies is based in Austin, Texas.

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Investor

Golub Capital

New York, New York, United States


Category Lender
Founded 1994
PE ASSETS 55.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Golub Capital is a private investment firm focused on making debt and equity investments in US based middle-market companies. Golub looks to invest between $5 and $75 million in businesses with established operating cash flow, strong customer relationships, and 'sustainable proprietary positions in their markets'. Prospective investment structures include refinancings, recapitalizations, buyouts, and growth financings. Sectors of interest include consumer products, business and consumer services, defense, manufacturing, value-added distribution, media, healthcare services and restaurants. Golub Capital was formed in 1994 and maintains offices in New York City, Atlanta, and Chicago.


DEAL STATS #
Overall 69 of 69
Sector (Retail) 8 of 8
Type (Growth Capital) 6 of 6
State (Ontario) 1 of 1
Country (Canada) 2 of 2
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-24 Tropical Smoothie Cafe

Atlanta, Georgia, United States

Tropical Smoothie Cafe is a franchisor of fast-casual cafes with over 1,400 locations in 44 states. It serves smoothies, wraps, sandwiches, and flatbreads across multiple dayparts. Tropical Smoothie Cafe was founded in 1997 and is headquartered in Atlanta, Georgia.

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