Spring Capital Closes New Investment in Boston Valley Terra Cotta
SPRING CAPITAL PARTNERS IV, L.P.
is pleased to announce the closing of an investment in
Boston Valley Terra Cotta, LLC
$5.7 Million of Subordinated Debt and $2.0 Million of Equity
Spring Capital Partners IV, L.P. is a Small Business Investment Company (“SBIC”) as licensed by the United States Small Business Administration in accordance with the Small Business Investment Act of 1958, as amended.
Transaction Overview
Spring Capital Partners IV, L.P. (www.springcap.com) invested $5.7 million of subordinated debt and $2.0 million of equity in Boston Valley Terra Cotta, LLC (“BVTC” or the “Company”). This transaction will serve as a catalyst for BVTC to invest in its sales and marketing resources while also increasing capacity to allow the Company to better meet the growing worldwide demand for custom terra cotta materials. Spring Capital partnered with NewSpring Mezzanine and Isleworth Capital Partners in the transaction.
About Boston Valley Terra Cotta
BVTC is a global leader in the architectural terra cotta industry, serving the restoration, renovation, and new construction markets. By thoughtfully combining advanced technology with traditional craftsmanship, the company contributes to the successful preservation of some of the most architecturally significant buildings in the world, fabricating ornate terra cotta blocks, cornices, and statuary in order to faithfully replicate worn or damaged components.
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.