Investment Summary

Strength Capital Partners, Northcreek Mezzanine and Midwest Mezzanine Funds Invest In Western States Reclamation

On April 18, 2022, private equity firm Strength Capital Partners, Northcreek Mezzanine and mezzanine finance firm Midwest Mezzanine Funds invested in construction company Western States Reclamation

Investment Highlights
  • This is Strength Capital Partners’ 2nd, Northcreek Mezzanine’s 2nd and Midwest Mezzanine Funds’ 3rd transaction in the Construction sector.
  • This is Strength Capital Partners’ 20th, Northcreek Mezzanine’s 27th and Midwest Mezzanine Funds’ 81st transaction in the United States.
  • This is Strength Capital Partners’ 2nd, Northcreek Mezzanine’s 3rd and Midwest Mezzanine Funds’ 2nd transaction in Colorado.

Investment Summary

Date 2022-04-18
Target Western States Reclamation
Sector Construction
Investor(s) Strength Capital Partners
Northcreek Mezzanine
Midwest Mezzanine Funds
Deal Type Growth Capital

Target

Western States Reclamation

Frederick, Colorado, United States
Western States Reclamation is a provider of environmental and specialty civil contracting services with a focus on projects involving the preservation and protection of water resources. Western States Reclamation was founded in 1983 and is based in Frederick, Colorado.

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Investor(S) 3

Investor

Strength Capital Partners

Birmingham, Michigan, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 500M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Strength Capital Partners (SCP) is a private equity firm that specializes in acquiring or providing late stage growth capital to Midwest US based companies. Areas of interest include the manufacturing, distribution, industrial, financial services, infrastructure, and consumer products sectors. The Firm takes a hands-on investment approach, looking to use firm resources and expertise to improve operational performance. SCP will not invest in high technology or internet businesses. Strength Capital Partners has offices in Birmingham, Michigan and Cincinnati, Ohio.


DEAL STATS #
Overall 20 of 21
Sector (Construction) 2 of 2
Type (Growth Capital) 8 of 9
State (Colorado) 2 of 2
Country (United States) 20 of 21
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-14 Chemlock Nutrition

Cincinnati, Ohio, United States

Chemlock Nutrition is a developer and distributor of high-purity, specialty feed additives for end-use in the livestock feed industry. Chemlock Nutrition is based in Cincinnati, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-25 CALco

Richmond, Illinois, United States

CALco is a vertically integrated, full-service wooden pallet manufacturer selling both new and recycled pallets to a diverse customer base throughout the Midwest. It operations include a captive hardwood sawmill and landscape mulching capabilities to monetize scrap and unusable pallets. CALco was founded in 2006 and is based in Richmond, Illinois.

Sell -
Investor

Northcreek Mezzanine


Category Private Equity Firm
Founded 2010
PE ASSETS 250M USD
Size Small
Type Sector Agnostic
DESCRIPTION


DEAL STATS #
Overall 27 of 29
Sector (Construction) 2 of 2
Type (Growth Capital) 6 of 7
State (Colorado) 3 of 3
Country (United States) 27 of 29
Year (2022) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-02 CentralBDC

Baco Raton, Florida, United States

CentralBDC is an outsourced BDC Company. CentralBDC’s proprietary technology coupled with its highly trained and motivated employees currently supports many of the largest dealerships and dealership groups nationwide as their full-service BDC for sales, equity mining, appointment setting, and customer service. CentralBDC is based in Baco Raton, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-09 Rio Ranch Markets

Fontana, California, United States

Rio Ranch Markets is an operator of a Hispanic supermarket chain. Rio primarily serves the Hispanic community by replicating the open-air atmosphere of a traditional Latin American marketplace, providing freshly prepared foods, bakery, tortilleria and basic everyday grocery, meat, produce, household needs. Rio Ranch Markets was founded in 1983 and is based in Fontana, California.

Sell -
Investor

Midwest Mezzanine Funds

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1992
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Midwest Mezzanine Funds (MMF) is a provider of junior capital to lower middle-market, US and Canadian companies. MMF looks to invest $4 to $15 million to support buyouts, acquisition financings, recapitalizations, and growth capital needs. Prospective companies generally have consistent profits ($3 million of EBITDA), low capital intensity, and sustainable competitive advantages. Broad areas of interest include manufacturing, value-added distribution, and services. MMF will not invest in high technology, energy, or real estate. Midwest Mezzanine was formed in 1992 and has offices in Chicago and Monroe, Michigan.


DEAL STATS #
Overall 81 of 81
Sector (Construction) 3 of 3
Type (Growth Capital) 14 of 14
State (Colorado) 2 of 2
Country (United States) 81 of 81
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-16 Imagine Technology Group

Chandler, Arizona, United States

Imagine Technology Group provides document management solutions, workflow improvements, Multi-function devices, VoIP phone systems, digital signage, managed network services, and IT Solutions. Imagine Technology Group was founded in 2011 and is based in Chandler, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-25 CALco

Richmond, Illinois, United States

CALco is a vertically integrated, full-service wooden pallet manufacturer selling both new and recycled pallets to a diverse customer base throughout the Midwest. It operations include a captive hardwood sawmill and landscape mulching capabilities to monetize scrap and unusable pallets. CALco was founded in 2006 and is based in Richmond, Illinois.

Sell -