Farragut Invests in SPG International

CHEVY CHASE, MD – Farragut Capital Partners, Inc. is pleased to announce the closing of an investment in SPG International, LLC (“SPG”).  Farragut invested subordinated debt and equity to support the acquisition of the Company by NewCastle Partners.  Route 2 Capital Partners also participated in the transaction.

Founded in 2010 and headquartered in Atlanta, GA, SPG is a leading manufacturer and supplier of commercial-grade, steel, stainless steel, and aluminum materials handling and storage products used in a variety of end-markets including industrial distribution, foodservice, and grocery and convenience stores.  SPG primarily sells to the domestic locations of leading industrial distributors, quick-service restaurant brands and franchisees, big box retailers, and convenience stores, working directly with customers to engineer custom storage and material handling solutions.

Rob Hagerty of Farragut said of the transaction, “We’re excited to partner with NewCastle and SPG and see tremendous opportunities for growth, including by product-line expansion, the addition of new customers in related markets, and M&A.”

Jack Lowden of NewCastle Partners, added, “We are excited to be making this investment in SPG and to be partnering once again with Farragut Capital.   They continue to be our first choice for junior transaction capital and have always proved themselves to be supportive partners.”

The SPG transaction marks the second investment in support of NewCastle and the eighth in Farragut’s latest investment vehicle, Farragut SBIC Fund III, LP.

For more information on SPG, please visit www.spgusa.com