Investment Summary

Sidereal Capital Group, Farragut Capital Partners and Parkway Capital Invest In Peachey Hardwood Flooring

On October 10, 2023, private equity firm Sidereal Capital Group, mezzanine finance firm Farragut Capital Partners and mezzanine finance firm Parkway Capital invested in forest products company Peachey Hardwood Flooring

Investment Highlights
  • This is Sidereal Capital Group’s 2nd, Farragut Capital Partners’ 1st and Parkway Capital’s 1st transaction in the Forest Products sector.
  • This is Sidereal Capital Group’s 7th, Farragut Capital Partners’ 88th and Parkway Capital’s 22nd transaction in the United States.
  • This is Sidereal Capital Group’s 1st, Farragut Capital Partners’ 7th and Parkway Capital’s 3rd transaction in Pennsylvania.

Investment Summary
Date 2023-10-10
Target Peachey Hardwood Flooring
Sector Forest Products
Investor(s) Sidereal Capital Group
Farragut Capital Partners
Parkway Capital
Deal Type Growth Capital

Target

Peachey Hardwood Flooring

Reedsville, Pennsylvania, United States
Peachey Hardwood Flooring manufactures premium hardwood flooring and related millwork products. The Company offers handcrafted custom products across a broad selection of species, widths, cuts, stains, and finishes to wholesalers and distributors nationwide. Peachey Hardwood Flooring was founded in 1995 and is based in Reedsville, Pennsylvania.

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Investor(S) 3

Investor

Sidereal Capital Group

Summit, New Jersey, United States

Investor Investor Investor

Category Private Equity Firm
Founded 2012
Size Small
Type Sector Agnostic
DESCRIPTION

Sidereal Capital Group is a private equity firm that invests in small and lower middle-market companies operating within niche segments of the specialty manufacturing, industrial services, business services, and information services sectors. The Firm pursues profitable companies with $3 to $10 million in EBITDA and will consider opportunities throughout North America. Prospective transaction situations include family-owned companies, corporate carve-outs, recapitalizations, and consolidations. Sidereal Capital Group was formed in 2012 and is based in Summit, New Jersey.

DEAL STATS #
Overall 7 of 8
Sector (Forest Products) 2 of 2
Type (Growth Capital) 3 of 3
State (Pennsylvania) 1 of 1
Country (United States) 7 of 8
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-28 Palmetto Adhesives

Greenville, South Carolina, United States

Palmetto Adhesives is a manufacturer and distributor of hot melt and water-based adhesives. Palmetto’s adhesives are primarily used in the packaging, paper converting, product assembly and general purpose industries. Palmetto Adhesives was founded in 1995 and is based in Greenville, South Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-21 Malco

Tulsa, Oklahoma, United States

Malco manufactures and distributes hardware anchors specially designed to secure refractory linings for industrial furnaces, kilns, reactors, boilers, and other high-temperature environments found in petrochemical plants, cement and steel manufacturing, and power generation facilities. The Company also fabricates structural metal assemblies such as flare systems, pressure vessels, storage tanks, and processing equipment. Malco was founded in 1982 and is based in Tulsa, Oklahoma.

Buy -
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 88 of 96
Sector (Forest Products) 1 of 1
Type (Growth Capital) 25 of 27
State (Pennsylvania) 7 of 8
Country (United States) 88 of 96
Year (2023) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-02 Martin Pallet

Massillon, Ohio, United States

Martin Pallet manufactures and refurbishes specialty wood pallets and crates for a diverse base of longstanding business customers across Ohio and Pennsylvania. Martin Pallet was founded in 1985 and is based in Massillon, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-01 Measurement Control Systems

Irvine, California, United States

Measurement Control Systems is a value-added distributor and servicer of natural gas meters, process instrumentation and controls, gas regulators, water meters, and various other residential, industrial, and commercial flow meters to thousands of utility and industrial customers throughout the U.S. MCS specializes in products that are critical infrastructure components in the natural gas and water grids which need to be maintained, replaced and upgraded over time. The Company is a value-added partner that leverages in-house engineering and research and development capabilities to deliver complex and customized solutions to its customers. Measurement Control Systems was founded in 1964 and is based in Irvine, California.

Buy -
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 23 of 26
Sector (Forest Products) 1 of 1
Type (Growth Capital) 6 of 7
State (Pennsylvania) 3 of 3
Country (United States) 22 of 25
Year (2023) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-04 Architectural Polymers

Palmerton, Pennsylvania, United States

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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-27 Chibuzo

Fort Smith, Arkansas, United States

Chibuzo is a flexible manufacturer of custom, high-mix pallets, crates, grade stakes, mulch, shavings, and sawdust. Consisting of two operating entities, General Pallets & Crates and Southland Manufacturing, Chibuzo specializes in new wood pallets and crating, providing high quality products and value-added services. Chibuzo is based in Fort Smith, Arkansas.

Buy -
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