Patriot Capital Group is pleased to announce a new senior debt and equity investment in Thermal Process Holdings, Inc. Patriot's investment supported TPH's acquisition of Hudapack Metal Treating, Inc., which owns and operates heat treat facilities in Elkhorn and Franklin Wisconsin and P & L Heat Treating, a heat treater based in Youngstown, Ohio.
Thermal Process Holdings was formed by Calvert Street Capital Partners and John Hubbard (former CEO of Bodycote, PLC) to pursue a buy-and-build strategy in the thermal processing industry. TPH also owns and operates Diamond Heat Treat, based in Rockford, IL and Certified Heat Treating, based in Springfield, OH. TPH is actively seeking other add-on acquisition opportunities.
About Patriot Capital
Patriot Capital is a leading provider of growth capital to small and medium-sized privately-held companies seeking to finance business expansion, acquisitions, management buyouts and balance sheet recapitalizations. Our senior deal professionals each have more than 20 years of corporate finance and operating experience, enabling us to provide the companies that we invest in with seasoned business judgement as well as strategic capital. Patriot Capital typically invests $5 to $20 million in the form of subordinated debt and equity and we can arrange larger transactions through relationships with our limited partners.
