Aladdin Food Management Services
Description: Aladdin is a contract food service company,
providing food, nutrition and dining management services to institutions
throughout the Midwest, East and Southeast U.S.
Transaction Summary: Initially, Parkway supported the equity
sponsor in the buyout of the Company from its original owner through a
Subordinated Debt investment. Subsequently, Parkway invested additional capital
to fund three acquisitions. The new financings included additional Subordinated
Debt, a Junior Secured Loan and Common Equity. The Company was sold to a
Description: Aurafin was a leading U.S. manufacturer and
distributor of moderately priced gold jewelry.
Transaction Summary: Parkway co-invested with another mezzanine
provider in a Subordinated Debt facility to support the Company's acquisition
of its leading competitor. The combination allowed the Company to nearly double
in size, making it the largest in its market. The Business was sold to a
Home Health Corporation
King of Prussia, PA
Description: Home Health Corporation of America had been a
provider of skilled home health nursing and related patient services.
Transaction Summary: Parkway, as the sole institutional
investor, made a Subordinated Debt investment with Warrants to provide
liquidity and growth capital. The Company was sold to strategic acquirers.
Description: i2S, Inc. was a provider of IT and operational
support services to the intelligence community. The Company provided expertise
in the areas of intelligence analysis, enterprise architecture, knowledge
management, systems engineering, and advanced software development to Fortune
500 and government clients.
Transaction Summary: Parkway provided Subordinated Debt with
Warrants to facilitate the acquisition of controlling interest by management
from a venture capital firm. i2S was acquired by a strategic buyer.
Icon Identity Solutions
Elk Grove Village, IL
Description: Icon remains one of the nation's largest
manufacturers of custom outdoor illuminated signage. As a turnkey vendor, Icon
provides end-to-end project management, manufacturing and installation services
for large corporations throughout the U.S.
Transaction Summary: Proceeds from Parkway's Subordinated Debt
investment were utilized to recapitalize the Company and fund growth. The
transaction allowed Icon's existing equity sponsor to strengthen the Company's
balance sheet prior to a period of rapid growth. The Company was sold to a
The F.B. Leopold Company
Description: Leopold was a leading designer, developer and
supplier of components, supplies and services needed for filtration and
clarification systems in water and wastewater treatment plants.
Transaction Summary: Parkway provided Subordinated Debt, as
well as a co-investment in both Preferred and Common Equity, to support an
equity sponsor's acquisition of the business from its foreign parent. The
transaction allowed the management team to become equity participants and
provided a strong foundation for becoming an independent entity. Leopold was
sold to a strategic buyer.
Description: The Company is the largest glass recycler and
powdered glass processor in North America, as well as a leading collector and
recycler of plastics.
Transaction Summary: Originally, Parkway invested in NexCycle
to support an equity sponsor's acquisition of the Company. Parkway invested
additional Subordinated Debt to facilitate the merger of NexCycle with
Strategic Materials, Inc., creating one of the largest recyclers of glass and
plastic in the U.S. and Canada. The Business was sold to a financial buyer.
NLS Animal Health
Owings Mills, MD
Description: NLS was a full service distributor of veterinary
products to more than 8000 companion animal and equine clinics throughout the
Transaction Summary: Parkway co-invested with an equity sponsor
and the Company's president to acquire a controlling interest in the Company.
Parkway's investment was structured as Common Equity. NLS was sold to a
Description: NSW manufactures extruded plastic products
utilized in food and industrial packaging, and environmental industries.
Transaction Summary: Parkway co-invested with the management
team in the buyout of NSW from its parent company. As the sole institutional
investor and board member, Parkway worked closely with management to support
organic growth and several acquisitions. Parkway’s investment in NSW was in the
form of Subordinated Debt with Warrants. The Company was sold to a strategic