High Road Buys SMB Machinery

High Road Capital has acquired SMB Machinery Systems via a recap. Financial terms weren’t announced. Ball Ground, Ga.-based SMB provides packaging and processing equipment. Ryan Mitchell, Nicole Guarella, Allan Cruickshanks and Houston Stokes of BB&T Capital Markets provided financial advice to SMB.

PRESS RELEASE

Transaction Summary
On October 18, 2013 SMB Machinery Systems (“SMB” or “the
Company”), was recapitalized by High Road Capital Partners (“High
Road”). BB&T Capital Markets served as the exclusive financial advisor
to SMB.
SMB Machinery Systems
SMB is a leading provider of fully integrated services and packaging &
process equipment to industrial customers across a variety of
end‐markets. The Company provides a variety of services for industrial
process equipment, including: the deinstallation, removal or rigging,
and installation of equipment; equipment sales; technical equipment
services such as refurbishment, repair, and upgrades; facility and line
consultation; and appraisals. SMB serves customers in the beverage,
food, consumer products, and other end markets across the U.S. and
internationally.
High Road Capital Partners
High Road is a private equity firm focused on smaller middle market
transactions. High Road was formed in 2007 and currently manages
more than $335 million of committed capital. High Road focuses on
niche leading companies with revenues of $10 million to $100 million
and EBITDA of $3 million to $10 million. Once acquired, High Road
works in partnership with management to take the companies to the
next level through a combination of organic growth initiatives and addon
acquisitions.