Mission Capital Advisors

Brightwood Capital Advisors Provides Financing to Support Plexus Capital’s Acquisition of Southern Elevator Group

Retrieved on: 
Thursday, October 26, 2023

Brightwood Capital Advisors, LLC, a private credit firm, announced it has provided financing to support the acquisition of Southern Elevator Group, Inc. (“Southern” or the “Company”) by Plexus Capital (“Plexus”).

Key Points: 
  • Brightwood Capital Advisors, LLC, a private credit firm, announced it has provided financing to support the acquisition of Southern Elevator Group, Inc. (“Southern” or the “Company”) by Plexus Capital (“Plexus”).
  • Southern Elevator Group is a provider of elevator maintenance, modernization, installation, and repair services with over 70 years of experience.
  • Through this new chapter with Plexus, Southern is poised to accelerate its growth and enhance its service offerings.
  • “Southern provides services and expertise critical to enabling every-day functions across the elevator industry, and we look forward to supporting the Company’s continued success.”

West Chester Capital Advisors Expands Capabilities with New Staff Appointments

Retrieved on: 
Monday, October 23, 2023

JOHNSTOWN, Pa., Oct. 23, 2023 /PRNewswire/ -- West Chester Capital Advisors, Inc. (WCCA), a wholly owned subsidiary of AmeriServ Financial Bank and an SEC registered investment advisory firm, today announced several staff promotions.

Key Points: 
  • JOHNSTOWN, Pa., Oct. 23, 2023 /PRNewswire/ -- West Chester Capital Advisors, Inc. (WCCA), a wholly owned subsidiary of AmeriServ Financial Bank and an SEC registered investment advisory firm, today announced several staff promotions.
  • Previously, Mr. Ludy served as the Chief Compliance Officer for West Chester Capital Advisors where he was responsible for overseeing all compliance functions.
  • West Chester Capital Advisors' investment management and advisory services range from individual portfolio management to pension and profit-sharing plans for individuals and institutions, including bank and trust companies, charitable organizations, and government entities.
  • The combined years of experience of the advisors allows for delivery of personalized services through one-on-one consultations with a local investment firm.

NRC to Sell 68 Convenience Stores for Circle K

Retrieved on: 
Wednesday, October 4, 2023

Of the sites, 37 are fee-owned and 31 are leased while 42 properties sell fuel, and the balance are convenience only.

Key Points: 
  • Of the sites, 37 are fee-owned and 31 are leased while 42 properties sell fuel, and the balance are convenience only.
  • “We have some good sites in this offering which will be of interest to individual operators and smaller companies,” commented Evan Gladstone, NRC’s Executive Managing Director.
  • “We have a few stores in California, Florida, and Texas as well larger groups in Indiana and Ohio.”
    The stores are all offered without fuel supply and without convenience store brand.
  • Interested parties may get store locations and additional information by going to the NRC website at www.nrc.com/2303 or by calling NRC at 800-747-3342 ext.

Verdence Capital Advisors Acquires Naples, FL-Based Vantage Private Wealth

Retrieved on: 
Wednesday, July 19, 2023

Verdence Capital Advisors (“Verdence”), a leading private wealth advisory firm, is today announcing that it has acquired Vantage Private Wealth, a Naples, FL-based wealth management firm catapulting Verdence to over $3.4B in assets under management.

Key Points: 
  • Verdence Capital Advisors (“Verdence”), a leading private wealth advisory firm, is today announcing that it has acquired Vantage Private Wealth, a Naples, FL-based wealth management firm catapulting Verdence to over $3.4B in assets under management.
  • Vantage founder Matthew Pietzak, CFP, and the Vantage team will now operate under the Verdence brand and give Verdence its first office in Florida, which is one of the fastest-growing marketplaces in the country for wealth management and planning services.
  • When we first met Matt, it quickly became apparent that what he was building in Vantage and his client-first philosophy were a perfect fit with the Verdence ethos,” said Leo Kelly, Founder, CEO & Partner with Verdence.
  • Prior to opening the doors of Vantage, Matthew served as SVP, Senior Relationship Strategist at PNC Wealth Management and Senior Private Banker at Wells Fargo Private Bank.

Brightwood Capital Advisors Announces Investment Activity Totals for 2022 and Firmwide Growth

Retrieved on: 
Wednesday, May 31, 2023

Brightwood Capital Advisors (“Brightwood”), a middle market private credit firm, announced that it deployed nearly $2 billion of capital to 35 new borrowers, in fiscal year 2022.

Key Points: 
  • Brightwood Capital Advisors (“Brightwood”), a middle market private credit firm, announced that it deployed nearly $2 billion of capital to 35 new borrowers, in fiscal year 2022.
  • This volume of investment activity was spurred by asset growth across Brightwood’s portfolio throughout the year, with the firm’s assets-under-management (AUM) surpassing $5 billion in 2022.
  • Brightwood also continued to demonstrate its financing capabilities, most notably through the demand from new and existing investors for its CLO platform.
  • The $426 million Brightwood Capital MM CLO 2020-1, Ltd. Reset priced amidst a challenging market environment at year-end, which represents the fourth CLO issued by the Firm since 2019.

Brightwood Capital Announces the Appointment of Eric Pratt as Chief Credit Officer

Retrieved on: 
Tuesday, May 23, 2023

Brightwood Capital Advisors (“Brightwood” or the “Firm”), a middle market private credit firm, announced the appointment of Eric Pratt as Chief Credit Officer.

Key Points: 
  • Brightwood Capital Advisors (“Brightwood” or the “Firm”), a middle market private credit firm, announced the appointment of Eric Pratt as Chief Credit Officer.
  • “We are thrilled to welcome Eric to the team,” said Sengal Selassie, Chief Executive Officer and Managing Partner at Brightwood.
  • Mr. Pratt has previously held various senior leadership positions at Mizuho Financial Group over his five-year tenure, most recently serving as Managing Director: Deputy Chief Risk Officer & Chief Credit Officer Americas.
  • Mr. Pratt served as at Deutsche Bank in several leadership roles inclusive of Director: Head of U.S. Credit Portfolio Management and senior credit officer for Leveraged & Structured Finance Credit prior to Mizuho.

Brightwood Capital Advisors Provides Additional Financing to Support The Corridor Group’s Latest Acquisition

Retrieved on: 
Tuesday, April 18, 2023

Brightwood Capital Advisors (“Brightwood”), a middle market private credit firm, announced that it has grown its existing senior secured credit facility to over $75 million with The Corridor Group (“Corridor” or the “Company”) to support the acquisition of Comprehensive Healthcare Solutions, LLC (“CHS”).

Key Points: 
  • Brightwood Capital Advisors (“Brightwood”), a middle market private credit firm, announced that it has grown its existing senior secured credit facility to over $75 million with The Corridor Group (“Corridor” or the “Company”) to support the acquisition of Comprehensive Healthcare Solutions, LLC (“CHS”).
  • “Corridor has been a long-term partner to Brightwood since our initial partnership in 2020.
  • Since then, we have supported the Company through two additional acquisitions,” said Kunal Shah, Managing Director at Brightwood.
  • Brightwood partners with non-sponsored businesses as well as private equity sponsors to provide customized financing solutions for directly originated investments.

Mercury Capital Advisors Makes Senior Hire in its Secondary Advisory Team

Retrieved on: 
Wednesday, March 1, 2023

Mercury Capital Advisors announced today that it has added Devrup Banerjee as a Partner in its Secondary Advisory team.

Key Points: 
  • Mercury Capital Advisors announced today that it has added Devrup Banerjee as a Partner in its Secondary Advisory team.
  • This follows the hire of Vik Salh who joined the Secondary Advisory team as a Vice President last year in New York.
  • Mercury started its Secondary Advisory business in 2015 and has established a credible track record, closing several high-quality transactions since its inception.
  • Mercury continues to provide a comprehensive one-stop solution for its GP clients across fund placement, secondary advisory, fund co-investments and direct placement.

FTI Capital Advisors Enhances Healthcare M&A Expertise with the Addition of Three Senior Professionals

Retrieved on: 
Wednesday, January 4, 2023

The New York- and Denver-based team, who join FTI Capital Advisors from Capstone Partners, will advise clients in healthcare, with a focus on M&A and financing transactions.

Key Points: 
  • The New York- and Denver-based team, who join FTI Capital Advisors from Capstone Partners, will advise clients in healthcare, with a focus on M&A and financing transactions.
  • In addition, the group has closed engagements in virtually all healthcare sectors, including senior living, post-acute care, life sciences, medical devices, pharmaceuticals and provider and payor services.
  • Their combined experience will be instrumental in bolstering our healthcare capabilities,” said Glenn Tobias , Global Co-Leader of FTI Capital Advisors.
  • Prior to joining FTI Capital Advisors, Mr. Baker was co-head of Capstone Partners’ Healthcare Group and held senior positions at Lazard and GE Healthcare.

Brightwood Capital Advisors Provides Debt Financing to Morgan Stanley Capital Partners’ Impact Fitness

Retrieved on: 
Wednesday, January 4, 2023

Brightwood Capital Advisors (“Brightwood”), a middle market private credit firm, announced that it has provided debt financing to support the continued growth and expansion of Impact Fitness (“Impact” or the “Company”), a portfolio company of Morgan Stanley Capital Partners (“MSCP”).

Key Points: 
  • Brightwood Capital Advisors (“Brightwood”), a middle market private credit firm, announced that it has provided debt financing to support the continued growth and expansion of Impact Fitness (“Impact” or the “Company”), a portfolio company of Morgan Stanley Capital Partners (“MSCP”).
  • Impact Fitness is a leading Planet Fitness franchisee with locations across the United States and Canada.
  • Impact achieved B-Corp eligibility status in 2018 and is a recognized leading franchisee in the Planet Fitness system.
  • Morgan Stanley Capital Partners, part of Morgan Stanley Investment Management, is a leading middle-market private equity platform that has invested capital in a broad spectrum of industries for over three decades.