TharpeRobbins Company Inc., a developer of employee attraction and retention programs, has raised an undisclosed amount of private equity funding from Gridiron Capital. The deal also included one-stop debt and equity co-investment from Maranon Capital.
Maranon Capital, L.P. announced today that it provided senior and mezzanine debt as well as an equity co-investment in partnership with Gridiron Capital, LLC and management to support an investment in The TharpeRobbins Company, Inc. The transaction was Maranon’s seventh investment overall and its second one-stop financing.
“Our selection of a financing partner placed a premium on simplicity and flexibility,” said Tom Burger, Gridiron Capital’s Managing Partner. “The investment in TharpeRobbins will provide additional capital to continue the Company’s expansion into new markets and innovative new programs and we valued a lender who could grow with the business.”
“We are extremely pleased to be working with Gridiron as well as with Brett Tharpe, the President and CEO of TharpeRobbins, and the other members of the management team,” commented Greg Long, a Managing Director at Maranon Capital. “Transactions like TharpeRobbins illustrate the value of working with one lender across multiple levels of the capital structure to achieve a financing structure uniquely suited to a borrower’s needs.”
About Maranon Capital
Maranon Capital, L.P. provides senior financing, mezzanine debt and equity co-investments for private equity-backed and non-sponsored middle market transactions. Maranon has the flexibility to structure a one-stop financing solution or provide stand-alone senior or mezzanine debt. The firm does not take control equity positions, but will consider a minority equity role. Maranon is currently managing over $550 million of committed capital and has offices in Chicago, Illinois and Birmingham, Michigan. For more information about Maranon Capital please visit www.maranoncapital.com.
About Gridiron Capital
Gridiron Capital, LLC, headquartered in New Canaan, Connecticut, is a private equity firm focused on creating value by acquiring and building middle-market manufacturing, service and specialty consumer companies in the United States and Canada. The firm’s principals have historically achieved superior results by employing a combination of strategic, operating and financial experience to provide portfolio companies with competitive advantages. Gridiron’s principals work closely with management teams to develop strategies for portfolio companies, as well as providing resources to execute business plans and build industry-leading companies. Additional information is available at www.gridironcapital.com.
TharpeRobbins was formed in 2007 through the merger of The Tharpe Company, founded in 1981, and The Robbins Company, founded in 1892. For more than 100 years, TharpeRobbins’ rich history as an innovator has covered the breadth of managed reward and recognition programs. The company has built its reputation on developing recognition programs tailored to help its clients reach their employee attraction and retention goals. Additional information is available at www.tharperobbins.com.Get your FREE trial or subscribe now to Buyouts to find new deal opportunities, super-charge your fundraising efforts and track top managers.