Patriot Capital Invests in Metro Boiler Tube

Patriot Capital Invests in Metro Boiler Tube

June 7, 2016

Patriot Capital is pleased to announce its recent financing of Metro Boiler Tube Company, Inc. ("Metro"). With this investment, Patriot provided mezzanine financing and preferred equity to support a recapitalization of the business by Metro's senior management team. Metro's senior leaders each have long tenures with the company, during which they have developed deep customer relationships and operational expertise. Patriot is excited to partner with the Metro management team to support the continued growth of the business.

Established in 1989, Metro offers a full spectrum of boiler tube fabrication, cutting, and distribution, which includes press bending, welding, painting, polishing, and testing. Metro's tubing serves a diverse group of industries in the power and industrial sectors, including utilities, pulp and paper, petrochemical, and sugar. The company has its headquarters and main operations in Ringgold, GA and also operates a facility in Gonzalez, LA.
 
For additional information on this transaction, please contact Charles McCusker or Jonathon Cope.


About Patriot Capital
Patriot Capital is a leading source of growth capital for middle-market companies seeking to finance business expansion, acquisitions, management buyouts or balance sheet recapitalizations. Patriot Capital is focused on debt capital and minority equity investments. Our senior deal professionals each have over 20 years of diverse corporate finance experience. We provide companies with capital and seasoned business judgment for transactions.
   
Patriot Capital utilizes a disciplined investment strategy developed over many years that focuses on capital preservation, consistent earnings growth and income generation. Patriot Capital has invested in and managed companies successfully through varying periods of economic expansion and contraction. We understand and employ successful strategies and tactics needed to guide our companies through these periods.