Washington, DC. – Farragut Capital Partners, LLC (“Farragut”) is pleased to announce the closing of an investment in Arc Drilling Holding, LLC (“Arc Drilling” or “the Company”). Farragut invested debt and preferred equity in support of a majority recapitalization of Arc Drilling by Washington Equity Partners in partnership with the Company’s existing owners and management team.
Chevy Chase, Md. - Farragut Capital Partners is pleased to announce the closing of an investment in Digital West Networks, Inc., a leading provider of commercial-grade internet, data, and cloud services to small and mid-sized businesses on California's Central Coast. Farragut invested subordinated debt and preferred equity to support the acquisition of Norcast Communications Corp., adding voice and other capabilities to Digital West's suite of services.
Farragut portfolio company Require Holdings, LLC (“Require”) has acquired Service 1st Valuation and Settlement Services, Inc. Service 1st is a leading provider of valuation risk management services, including desk reviews, valuation risk analysis, field reviews and market data. Terms of the transaction were not disclosed. Require is majority-owned by L2 Capital, a Devon, Pennsylvania-based investor.
T&B Equipment Co. Inc. will have a couple of busy months. The Hanover County-based event services company will be working on a number of high-profile events this month, including the Kentucky Derby and the Indianapolis 500. In June, it will provide services for the U.S. Open men’s golf championship.
As seen in Robotics Tomorrow on Feb. 17, 2016. Farragut portfolio company Simulyze, Inc. announces the launch of Mission Insight, its next-generation situational awareness application for the commercial market.