FAQ: Crescentia Capital's Strategic Growth Investment in C&D Industrial Maintenance
Summary
Crescentia Capital, the equity buyout unit of Calvert Street Investment Partners, has made a strategic growth investment in C&D Industrial Maintenance to fuel organic growth and acquisitions across the Southeast. This investment will help C&D build the region's leading door and dock services platform.
What is the main purpose of Crescentia Capital’s investment in C&D Industrial Maintenance?
The investment is intended to fuel organic growth initiatives and strategic acquisitions, helping C&D build the region’s leading door and dock services platform across the Southeast.
Who are the key companies and individuals involved in this transaction?
Crescentia Capital (equity buyout unit of Calvert Street Investment Partners) is the investor, C&D Industrial Maintenance is the recipient, with Michael Booth as partner/CIO and Brian Guerin as managing partner of Crescentia Capital. Current Capital Partners served as financial advisor, Petra Capital Partners provided financing, and Stevens & Lee and Willkie Farr & Gallagher served as legal counsel.
What geographic regions does C&D Industrial Maintenance serve?
C&D serves customers in Florida, Georgia, Tennessee, Alabama, Mississippi, Arkansas, North Carolina, and South Carolina across the Southeastern United States.
What is Crescentia Capital’s investment track record and current portfolio?
Crescentia Capital’s current portfolio includes nine companies such as All Clear, D2K, and Terra Nova. As of June, Calvert Street had invested over $1.1 billion across more than 145 middle-market companies.
What other investment units does Calvert Street Investment Partners operate?
Calvert Street operates two units: Crescentia Capital (equity buyout) and Parkway Capital, which provides mezzanine debt and minority equity investments of $3-12 million per transaction to lower-middle market companies.
What is the background of Crescentia Capital’s leadership team?
Michael Booth is a partner and chief investment officer (former Ernst & Young executive), and Brian Guerin is managing partner who previously specialized in M&A transactions at Ernst & Young and worked at Arthur Andersen before joining in 2005.
How does this investment fit into Calvert Street’s overall investment strategy?
This investment is part of Calvert Street’s broader strategy of backing middle-market companies, having invested over $1.1 billion total with approximately $615 million in equity buyout investments and $525 million in mezzanine and minority equity investments.
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