BNY Mellon-Alcentra Puts $13.4M into Sallyport Deal

BNY Mellon-Alcentra Mezzanine Partners, a division of Alcentra and part of BNY Mellon Asset Management, invested $13.4 million to support DC Capital Partners’ acquisition of Sallyport Global Holding, the firm announced Monday. Sallyport is a government construction and engineering firm. DC Capital completed the investment in Sallyport through its portfolio company Kaseman.

PRESS RELEASE
BNY Mellon-Alcentra Mezzanine Partners, a division of Alcentra and part of BNY Mellon Asset Management, today announced that it invested $13.4 million to support DC Capital Partners’ acquisition of Sallyport Global Holding, Inc., a government construction and engineering firm. The acquisition was completed on June 29, 2011.

BNY Mellon-Alcentra Mezzanine Partners is a subordinated debt and equity capital provider to middle market companies throughout North America. DC Capital completed the investment in Sallyport through one of its portfolio companies, Kaseman, LLC.

The combination of DC Capital and Sallyport provides over 2,000 civilian contractors operating on five continents to various U.S. governmental agencies including the Department of Defense and the Department of State. It operates in three primary areas: (i) engineering and professional services, (ii) specialized construction, and (iii) training. Sallyport provides engineering and professional services, which include fire protection, environmental remediation, power generation, and other support services such as base construction, base operations, and logistics.

“The combination of Sallyport and Kaseman will significantly enhance and expand the companies’ international footprint and service offering,” said Scott Gold, senior vice president of Alcentra. “The company is led by a highly experienced management team and dedicated employee base, which focuses intensely on quality of service.”