Parkway Capital Announces Mezzanine Team Addition and Opening of Boston Office

Parkway Capital (“Parkway”), the mezzanine investment business of Calvert Street Capital Partners (“Calvert Street”), is excited to announce that Andy Silverman has joined its investment team as a Managing Director.  Andy is currently a Partner with Capital Resource Partners (“CRP”), a longstanding private equity firm focused on investing in the lower middle market.  Andy will continue to work with Robert Ammerman, Managing Partner of CRP, to manage the winddown of the existing CRP portfolio while also joining the Parkway team to pursue new mezzanine investment opportunities, particularly in the New England region.  Andy joined CRP in 2006 and has helped lead the mezzanine debt and equity investment efforts since that time.  Prior to joining CRP, Andy worked for Investor Group Services, part of Ernst & Young, providing deal due diligence and strategy consulting services to private equity firms.  Andy graduated from Tufts University with a Bachelor of Arts, majoring in three disciplines.  He was a member of the Tufts University football team and played semi-professionally in Germany.     

Chris Pope, Co-Founder of Parkway, commented: “Andy is an excellent addition to the Parkway team.  He has strong, widespread investment experience in the lower middle market and has invested at multiple levels of the capital structure.  We are excited to have Andy as part of our team and lead our efforts in the New England market from Parkway’s new Boston office.”

Andy Silverman said: “I’m excited to join Parkway and the successful investment platform they have built in the lower middle market.  My skillset and past experiences should allow me to start contributing immediately.  I would especially like to thank Robert Ammerman for his support as I join Parkway while continuing my responsibilities with the CRP portfolio.  Robert has been a colleague, mentor and friend for many years, and I’m appreciative of the experience I have gained working with him.”

Parkway Capital and Calvert Street joined forces in 2019 to continue their collective legacy of making mezzanine investments in the lower middle market.  The investment professionals have deployed more than $400 million of capital across 60+ companies since 2000, with a consistent approach focused on lower middle market companies (with less than $15 million of EBITDA) and investment sizes of $3 to $12 million. Parkway is actively seeking new investment opportunities.

 

ABOUT CALVERT STREET

Calvert Street is a lower middle market investment firm based in Baltimore, Maryland. Our firm consists of experienced professionals pursuing two distinct investment strategies: (i) equity investments (through Calvert Street) and (ii) mezzanine investments (through Parkway Capital). Our equity team utilizes a research driven approach to identify attractive businesses providing critical services to the industrial and commercial sectors. Our mezzanine team provides flexible junior capital solutions for companies in a broad range of industries including manufacturing, distribution, consumer products, business and industrial services, and healthcare. 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. For more information, please visit www.cscp.com.