We provide “one-stop” capital solutions for lower middle market companies seeking to grow or transition ownership. We offer entrepreneurs, business owners and management teams a number of advantages to help each business realize its full potential and generate wealth for the owners.
We provide debt financing solutions to middle market companies for acquisitions, recapitalizations and refinancings. Our dedicated, in-house team of industry analysts leads our credit underwriting and portfolio management of investments in primarily floating-rate first lien senior secured debt securities. We also opportunistically invest in other types of securities that are intended to enhance our overall portfolio returns. The objective of our middle market portfolio is to generate stable income for our shareholders by investing in a diversified portfolio of investments in quality companies with an attractive risk-adjusted return profile.
Our predecessor investment funds were originally founded in the mid 1990s. Since that time, we have founded, purchased or financed lower middle market investments in over 200 companies in numerous industries. In addition to these lower middle market investments, we have also completed debt investments in a variety of middle market businesses that are generally larger in size than our lower middle market portfolio companies.
Before going public, our predecessor funds co-founded several private and subsequently public companies. The most notable of these early investments is Quanta Services, Inc. (NYSE: PWR), a leading provider of specialized contracting services to electric utilities and governmental entities. We provided the capital to structure the company’s initial round of acquisitions and acted as financial sponsor and advisor for its February 1998 IPO. Today, Quanta Services has approximately $46 billion in revenues and is a Fortune 500 Company.