Spring Capital Partners IV, L.P. (www.springcap.com) invested $5.4 million of subordinated debt and $1.8 million of common equity to support Lowe Capital Management and Pete Vrettakos in their acquisition of Incorp Holdings, LLC. Spring Capital co-invested in the transaction with NewSpring Mezzanine Capital, Parkway Capital Investors, and Midwest Growth Partners. Senior debt was provided by Banterra Bank.

About Incorp
Based in Evansville, IN, Incorp is a leading provider of specialty multi-craft plant maintenance and capital services to the power generation and other industrial end-markets throughout the United States. The Company's service offerings include insulation, scaffolding, and other multi-craft services including heat tracing, sandblasting, fire proofing, abatement, and coatings. Incorp was founded in 1996 and has grown to over 400 employees serving over 150 customers and operating in 20 states.

About Spring Capital Partners
Spring Capital Partners was founded in 1999 to provide mezzanine capital to growing small and medium sized businesses. The firm has managed over $600 million of capital and is currently investing out of its fourth fund, Spring Capital Partners IV, a $250 million SBIC. Investments are made in the form of subordinated debt and minority equity typically in the range of $2 million to $20 million per investment. In addition to investing in change of control/buyout transactions with committed private equity funds and independent sponsors, Spring Capital also provides capital to privately held businesses to support acquisitions, growth, and minority recapitalizations.