Greyrock backs LaSalle Capital Group’s add-on for Collection Associates, providing $0.9 million in subordinated debt and equity to finance the acquisition of IMC National Holdings. Collection Associates is a third party collection company providing accounts receivable collection services to a growing number of hospitals and physician groups in Indiana.
Greyrock provides $1.0 million in add-on financing to fund MWA Intelligence’s purchase of the field service management components of La Crosse Management Systems and OMD Corporation. MWA is the leading provider of automated dispatch solutions for the U.S office equipment (copier) dealer market.
Greyrock leads a $14.5 million subordinated debt and equity co-investment facility to support Syrgis Performance Products’ acquisition of the organic peroxide business of Norac, Inc. Controlled by Edgewater Capital, Syrgis is a leading specialty chemical company with four operating units. Greyrock has provided capital in support of all of Sygis’ acquisitions.
Greyrock exits its investment in Mountain High Resorts. Mountain High, a winter resort located in California’s San Gabriel Mountains, was sold to a real estate investment trust.
Greyrock provides subordinated debt and equity to support the acquisition of World Dryer by NewCastle Partners, LLC. World Dryer is the world’s leading provider of warm air hand dryers used in public and commercial washrooms.
Greyrock provides $4.9 million in subordinated debt and equity to support the acquisition of IAB Solutions by Evergreen Industries, LLC and management. IAB is a nationwide provider of outsourced accounts receivable management services which focuses on the resolution, recovery and management of deductions and accounts receivable disputes.
Greyrock backs LaSalle Capital Group’s acquisition of Collection Associates, providing $4.6 million in subordinated debt and equity. Collection Associates is a third party collection company providing accounts receivable collection services to a growing number of rural, not-for-profit hospitals in southern Indiana.
Greyrock backs High Street Capital’s acquisition of Data Source, providing $5.0 million in subordinated debt and equity. Located in Kansas City, Data Source is a leading distribution, fulfillment and printing services company.
Greyrock exits its investment in Mozzarella Fresca, Inc. Mozzarella Fresca, an award-winning producer of fresh mozzarella cheese was sold to a strategic acquirer.
Greyrock exits it investment in Halo Industries, Inc., an ad specialty distributor, designing decorating and distributing promotional products including apparel and customized gift items.