Parkway Capital Mergers and Acquisitions Summary

Mezzanine Finance Firm Profile

In the last 3 years, Parkway Capital has acquired 2 companies. It has also invested in 2 others.

Parkway Capital’s most common sectors for investment aremanufacturing (15%) and healthcare services (10%) . The Firm’s most common investment types include buyout (lbo, mbo, mbi) (48%) and growth capital (24%). In total, Parkway Capital has invested in 16 US states and 2 different countries. Its largest (disclosed) acquisition occurred in 2008 when it acquired American Dryer for $300M.

In the last 3 years, Parkway Capital has exited 1 company. The Firm’s most common exit type is secondary buyout (42%).

Join Mergr to view Parkway Capital’s full profile and discover more middle-market mezzanine finance firm investors just like it.

M&A Summary

  • M&A Total Activity33
    • M&A Buy Activity21
    • M&A Sell Activity12
  • Total Sectors Invested 15
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 32
  • M&A Advisors 1

Parkway Capital

Parkway Capital

2330 West Joppa Road, Suite 320,
Lutherville, Maryland 21093
United States
(443) 573-3700
www.cscp.com/parkwaycapital

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.


Investment Criteria

Sectors of Interest: Apparel/Textiles, Business Services, Construction, Consumer Products, Distribution, Electronics, Environmental, Food, Healthcare Services, Information Technology, Machinery, Manufacturing, Plastics, Safety/Security, Technology Hardware

Target Transaction Types: Buyout (LBO, MBO, MBI), Growth Capital, Recapitalization, Secondary Buyout

Geographic Preferences: East US, Midwest US, South US, West US

Transaction Criteria Min Max
Target Revenue 10 -
Target EBITDA 2 -
Investment Size 3 12
Enterprise Value - -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '20 '21 '22 '23 '24 '25 T
Buy (1.4/yr) # 14 3 2 2 - - 21
vol $300M $300M
Sell (0.2/yr) # 11 - - 1 - - 12
  33

Most Recent M&A

Company Date Value Type
EBH Counseling Management LLC 2023-08-17 - Growth Capital
Naugatuck, Connecticut · www.stokescounseling.com
Dealer Solutions & Design LLC 2023-07-06 - Add-on Acquisition
Duluth, Georgia · www.dsdteam.com
Palmetto Adhesives Company LLC 2023-02-28 - Growth Capital
Greenville, South Carolina · www.palmettoadhesives.com
GTA Containers, Inc. 2022-03-15 - Recapitalization
South Bend, Indiana · www.gtacontainers.com
Imagine Technology Group LLC 2022-02-16 - Recapitalization
Chandler, Arizona · www.itgarizona.com
Dealer Solutions & Design LLC 2021-09-30 - Growth Capital
Duluth, Georgia · www.dsdteam.com
Phoenix Feeds & Nutrition, Inc. 2021-09-08 - Growth Capital
New Haven, Vermont · www.phoenixfeeds.net
Pools on the Gulf LLC 2021-02-16 - Growth Capital
Mobile, Alabama
Incorp Industries LLC 2020-11-19 - Buyout (LBO, MBO, MBI)
Evansville, Indiana · www.incorpinc.net
Potter Electric Signal Co. 2017-12-20 - Secondary Buyout
St. Louis, Missouri · www.pottersignal.com
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Manufacturing 2 (25%) - 3 (14%) -
Business Services - - 2 (10%) -
Consumer Products - - 2 (10%) -
Healthcare Services 1 (13%) - 2 (10%) -
Information Technology 1 (13%) - 2 (10%) -
Machinery - - 1 (5%) 300M (100%)
Agriculture 1 (13%) - 1 (5%) -
Automotive - - 1 (5%) -
Chemicals 1 (13%) - 1 (5%) -
Construction 1 (13%) - 1 (5%) -
Consumer Services 1 (13%) - 1 (5%) -
Distribution - - 1 (5%) -
Environmental - - 1 (5%) -
Plastics - - 1 (5%) -
Technology Hardware - - 1 (5%) -
Total 8 - 21 $300M

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 8 (100%) - 20 (95%) 300M (100%)
  South Carolina 1 (13%) - 3 (14%) -
  Indiana 2 (25%) - 2 (10%) -
  Vermont 1 (13%) - 2 (10%) -
  Iowa 1 (13%) - 1 (5%) -
  Connecticut 1 (13%) - 1 (5%) -
  Arizona 1 (13%) - 1 (5%) -
  Alabama 1 (13%) - 1 (5%) -
  Massachusetts - - 1 (5%) 300M (100%)
  Pennsylvania - - 1 (5%) -
  North Carolina - - 1 (5%) -
  Missouri - - 1 (5%) -
  Maryland - - 1 (5%) -
  Illinois - - 1 (5%) -
  Georgia - - 1 (5%) -
  Colorado - - 1 (5%) -
  California - - 1 (5%) -
Canada - - 1 (5%) -
  Ontario - - 1 (5%) -
Total 8 - 21 $300M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 2 (25%) - 10 (48%) -
Recapitalization 2 (25%) - 5 (24%) 300M (100%)
Growth Capital 4 (50%) - 5 (24%) -
Secondary Buyout - - 1 (5%) -
Total 8 - 21 $300M

Exits by Deal Type

Type Total # Value
Secondary Sale 5 (42%) -
Trade Sale 5 (42%) -
Recapitalization 1 (8%) -
Trade Sale - Public Company 1 (8%) -
Total 12 -

Top M&A Advisors

Financial Deals
Harris Williams & Co.
 1

Deal Values

buy # Total
$100M to $1B 1 $300M
TOTAL $300M
Largest American Dryer Corp.
$300M (2008-07-22)

M&A Connections

Deals
Acquired from
Investor(s)
5%
1 (5%)
Exited to
Investor(s)
50%
6 (50%)
Strategic(s)
50%
6 (50%)

Investor Summary

Investor Type

Mezzanine Finance Firm

Size

Middle-Market

PE Assets

400M USD

Established

2000

Specialist/Generalist

Generalist

Leadership

Christopher Pope

Co-founder

Drexel Knight

Co-founder

Carrie Sowers

Team Member

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