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Parkway Capital Announces Investment in Architectural Polymers

February 13, 2024

Parkway Capital (“Parkway”) is pleased to announce an investment in Architectural Polymers (“AP” or the “Company”). The transaction was led by Stonebridge Partners, who partnered with the senior management team to lead the recapitalization of the Company. Parkway, Brookside Capital Partners, and Spring Capital Partners invested subordinated debt and equity in support of the transaction.

Founded in 1992, Architectural Polymers is the leading manufacturer and designer of urethane (rubber) and plastic molds, or formliners. The Company’s products are primarily used in pre-cast, tilt-up and pour-in-place concrete construction applications to create textures, patterns, graphic designs and embedded thin brick surfaces on concrete walls. The Company is headquartered in Palmerton, PA.

For more information, please visit www.apformliner.com

PARKWAY CAPITAL OVERVIEW

Since 2000, Parkway Capital has made investments in partnership with management, funded and independent equity sponsors, and family offices, providing flexible junior capital alternatives for lower middle market companies. Joining forces with the Calvert Street Capital Partners team in 2019, Parkway has an experienced, mezzanine-focused investment group that continues a more than two-decade long legacy of making mezzanine and minority equity investments. The Parkway investment professionals have collectively invested more than $500 million of capital across 70+ portfolio companies.

CALVERT STREET OVERVIEW

Calvert Street Capital Partners is a multi-fund management company formed in 1995 to pursue investment strategies focused on the lower middle market. In addition to Parkway, the firm’s mezzanine investment strategy, Calvert Street makes control equity investments and utilizes a research driven approach to identify attractive businesses providing critical services to the industrial and commercial sectors. Collectively, Calvert Street’s and Parkway Capital’s investment professionals have invested in over 120 companies representing cumulative transaction values in excess of $1.5 billion.