Parkway Capital (“Parkway”) is pleased to announce an investment in Merrill Industries, LLC (“Merrill” or the “Company”). The transaction was led by The Shoreham Group, who partnered with senior management to recapitalize the Company. Parkway invested subordinated debt and equity in support of the transaction.

Founded in 1973, Merrill provides corrugated packaging solutions for a diversified base of manufacturers and distributors throughout Southern New England. The Company specializes in designing and manufacturing highly customized, “made to order” packaging solutions utilizing corrugated cartons, foam inserts, and wood products.

For more information, please visit https://merrillindustries.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.