Babson Capital Management has provided subordinated debt and made an equity co-investment to support Linsalata Capital Partners’ acquisition of Stag-Parkway. Atlanta-based Stag-Parkway is an independent distributor of aftermarket RV parts and accessories to RV dealers in the United States.
Babson Capital Management LLC, a global investment management firm with more than $160 billion in assets under management and operations on four continents, today announced it provided subordinated debt and made an equity co-investment to support Linsalata Capital Partners’ acquisition of Stag-Parkway Inc.
Atlanta-based Stag-Parkway is the largest independent distributor of aftermarket RV parts and accessories to RV dealers in the United States. With a primary focus on nondiscretionary maintenance, repair and operations equipment such as appliances, hitches and electrical devices, Stag-Parkway provides industry-leading product breadth, an integrated customer-friendly website and next-day delivery to 95 percent of the U.S.
“Linsalata Capital is pleased to collaborate once again with Babson Capital’s Mezzanine & Private Equity Group on the investment in Stag-Parkway,” said Stephen B. Perry, Co-President and Senior Managing Director at Linsalata Capital Partners. “Babson Capital’s experience and expertise in the middle market, combined with its reliability and responsiveness have made the group a valuable partner on previous investments and we look forward to working together on this and future transactions.”
“Babson Capital is excited to partner again with Linsalata Capital Partners on the Stag-Parkway transaction,” said Michael L. Klofas, Managing Director and head of Babson Capital’s Mezzanine & Private Equity Group. “Stag-Parkway’s experienced management team has built an industry-leading market position and LinCap’s expertise in distribution will help the company realize its growth potential through internal initiatives and add-on acquisitions.”
About Linsalata Capital Partners, LLC
Located in the Cleveland suburb of Mayfield Heights, Ohio, Linsalata Capital Partners was founded in 1984 and has combined its strong financial capabilities with extensive operational experience to accelerate the growth of middle-market companies. In its more than 28 years of investing, the firm has completed 101 buy-side transactions totaling more than $3 billion. Linsalata Capital Partners is currently investing from its seventh fund, Linsalata Capital Partners Fund VI, L.P., with $427 million in committed equity capital.
About Babson Capital
Babson Capital Management LLC and its subsidiaries serve institutional investors around the globe and have over $160 billion in assets under management as of Dec. 31, 2012. Through proprietary research and a focus on investment fundamentals, we develop products and strategies that leverage our broad array of expertise in global corporate debt markets, structured products, debt and equity financing for commercial real estate, and alternatives. The firm’s subsidiaries include Cornerstone Real Estate Advisers LLC and Wood Creek Capital Management, LLC.
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