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AvidXchange is a leading SaaS-based provider of accounts payable management solutions for mid-sized companies in the real estate, banking, and healthcare industries. AvidXchange's product suite integrates with a customer's existing accounting systems to centralize and streamline accounts payable workflow. AvidXchange enjoys outstanding customer satisfaction and retention rates.
Boathouse invested $5.1mm of mezzanine debt in AvidXchange to facilitate its acquisition of certain assets of EnergySolve, a complementary energy payables management software and consulting company based in New Jersey, and also to fund future growth initiatives. |
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Colortree Group is a vertically integrated specialty printer formed from the merger of Colortree, Inc. of Virginia and Graphic Innovations, LLC. Established in 1988 and headquartered in Richmond, Virginia, Colortree is one of the leading suppliers of high definition color envelopes and direct marketing materials for the not-for-profit industry on the East Coast.
Boathouse Capital invested $5.5 million in subordinated debt and equity along with capital from Colortree CEO Pat Patterson in support of a management buyout from Colortree's founders. |
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Cozzini Bros. is a leading provider of knife sharpening and rental services to the foodservice industry nationwide with 16 locations across the country. Based in Des Plaines, IL, Cozzini's 20,000 customers include national restaurant chains, independent restaurants, grocery stores, institutional and commercial kitchens, and other foodservice establishments.
Boathouse supported Audax Group's acquisition of the company by investing an undisclosed amount of mezzanine debt and equity to facilitate the transaction. |
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Pilgrim Software provides compliance and risk management software to firms in highly regulated industries, including life sciences, food and beverage, and manufacturing. For nearly 20 years, the company's software has helped companies facing complex and burdensome regulation manage an increasingly intricate regulatory and compliance environment. Pilgrim offers its product to customers on both as Software-as-a-Service ("SaaS") and perpetual license basis.
Boathouse invested an undisclosed amount of mezzanine debt in conjunction with the purchase of the company by Boston-based Riverside Partners. |
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Platinum Protection sells, installs, and services residential security alarm systems. The company's sales representatives and installation technicians follow a highly successful door-to-door sales strategy during the summer months and provide superior post-sales customer service. Platinum is currently the third largest summer sales company in the industry.
Boathouse invested an undisclosed amount of debt in Platinum to help fund the business' growth plans. |
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Pleatco is a leading manufacturer of water filtration products used in the pool and spa industry. Pleatco's primary products are filter cartridges and grids used for diatomaceous earth filtration. Pleatco is the leader in these markets and is known for quality and innovation. The company has an outstanding reputation among consumers and retailers thanks to a proprietary design that maximizes water flow and minimizes energy consumption.
Boathouse invested $5.1 million of mezzanine debt to recapitalize Pleatco's balance sheet and to fund future growth. |
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PTG Enterprises provides taxi, limousine, and para-transit services in the greater Palm Beach, Clearwater, and Jacksonville areas of Florida. The company has the leading market share position in all of its markets and enjoys numerous exclusive vendor contracts with area airports, hotels, and businesses.
Boathouse invested $8.7mm of mezzanine debt in PTG Enterprises to acquire the assets of Yellow Cab Service Corporation of Florida and its affiliates and subsidiaries. |
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