Parkway Capital Announces Investment in Pools on the Gulf Holdings
Parkway Capital (“Parkway”), the mezzanine investment affiliate of Calvert Street Capital Partners (“Calvert Street”), is excited to announce an investment in Pools on the Gulf Holdings (“Pools on the Gulf” or the “Company”). Parkway invested subordinated debt and equity in partnership with BlueArc Mezzanine Partners and the senior management team to support the acquisition led by Crescendo Capital Partners.
Headquartered in Mobile, Alabama, Pools on the Gulf designs, installs, and services in-ground swimming pools in several markets along the gulf coast of Alabama and the Florida Panhandle. Pools on the Gulf is the largest franchisee within the Blue Haven Pools franchisor network. The transaction will support the Company’s expansion into new markets and provide additional support in growing the maintenance and services lines of business.
ABOUT PARKWAY CAPITAL AND CALVERT STREET
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 of Parkway Capital 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.
Calvert Street is a lower middle market investment firm with offices in Baltimore, Maryland and Boston, Massachusetts. 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.