WASHINGTON, D.C. – Farragut Capital Partners, Inc. (“Farragut”) is pleased to announce the closing of an investment in Graco Supply Co., a portfolio company of CM Equity Partners. Farragut invested subordinated debt to support Graco’s acquisition of E.V. Roberts and partnered with SPP Mezzanine Investors on the transaction.
Headquartered in Fort Worth, Texas, Graco is a leading supplier of specialty consumable products and value-added services to customers in all segments of the aerospace industry. The addition of E.V. Roberts, another distributor based in Carson, California, will allow Graco to expand its customer base and better serve all of its customers while expanding its reach beyond aerospace. With approximately 150 employees, the combined company will operate from Fort Worth with distribution and service centers in all major aerospace hubs, including the West (Carson, California), Pacific Northwest (Kent, Washington), Southeast (in Highpoint, North Carolina) and Central (Wichita, Kansas) regions.
Phil McNeill of Farragut said of the transaction, “We’re excited to partner with CM Equity Partners in this transaction. Graco has been a leader in the distribution of specialty chemicals to the aerospace market and the acquisition of EVR solidifies their position in this market. With CM Equity’s support and guidance, the combined Company has improved its core offering and laid the groundwork for meaningful growth over the coming years.”