November 09, 2021
November 09, 2021
Parkway Capital Announces Investment in Dealer Solutions & Design
Parkway Capital (“Parkway”), the mezzanine investment affiliate of Calvert Street Capital Partners, is excited to announce an investment in Dealer Solutions & Design (“DSD” or the “Company”). The transaction was led by KT Capital who partnered with the senior management team to lead the recapitalization of the Company. Parkway Capital, Callodine Strategic Credit and Pine Street Capital Partners all invested subordinated debt and equity in support of the transaction.
Headquartered in Duluth, GA and founded in 2005, DSD is the national leader in the design, development, equipment specification, and installation of shop equipment within the repair facilities of automotive dealers. In partnering with the management team, KT Capital and its other capital partners, Parkway is excited to help the Company continue to build on its success in the Southeast and to support its expansion and development across the United States.
PARKWAY CAPITAL OVERVIEW
Since 2000, the Parkway Capital investment team has partnered with management teams, funded and independent sponsors to invest more than $400 million in over 60 companies. Parkway invests in a broad array of industries, with significant experience in value-added distribution, business services, niche manufacturing, industrial services, consumer services and healthcare. Parkway focuses on making mezzanine debt, unitranche and preferred and/or common equity co-investments of $3 million to $12 million in companies with at least $10 million in revenue and $2 million of EBITDA.
KEY CONTACTS FOR INVESTMENT OPPORTUNITIES
| Andy Silverman asilverman@cscp.com 443-573-3709 |
Nelson Westwood nwestwood@cscp.com 443-573-3712 |
CONTACT INFORMATION FOR PARKWAY CAPITAL TEAM
|
Michael Coiro |
Andy John |
Drex Knight |
Chris Pope |
Christine Vaile |
CALVERT STREET OVERVIEW
Calvert Street Capital Partners is a multi-fund management company formed in 1995 to pursue investment strategies focused on the lower middle market. In addition to Parkway, the firm’s mezzanine investment strategy, Calvert Street makes control equity investments and utilizes a research driven approach to identify attractive businesses providing critical services to the industrial and commercial sectors. Collectively, Calvert Street’s and Parkway Capital’s investment professionals have invested in over 120 companies representing cumulative transaction values in excess of $1.5 billion.
