Capitala Group Announces Investment in Fremont-Wright, LLC

Rhea-AI Summary

Capitala Group announced its investment in Fremont-Wright, LLC, partnering with SouthWorth Capital Management. This investment marks a significant step for Fremont-Wright as it plans to expand its engineering, surveying, and architectural services across eleven states. Based in Memphis, the company encompasses nine entities and aims to pursue suitable acquisitions to bolster its growth. Capitala has invested over $2.0 billion in approximately 170 companies since its inception, showcasing its commitment to providing capital to lower middle market firms.

Positive

• Investment in Fremont-Wright indicates growth potential.
• Collaboration with SouthWorth Capital could enhance acquisition opportunities.
• Fremont-Wright operates in eleven states, indicating market reach.

Negative

• None.

CHARLOTTE, N.C., Feb. 25, 2021 (GLOBE NEWSWIRE) -- Capitala Group (“Capitala”), a provider of capital to lower middle market companies, announced today that it closed on an investment in Fremont-Wright, LLC (“Fremont-Wright”). Capitala partnered with SouthWorth Capital Management, LLC (“SouthWorth Capital”) on the transaction in support of Fremont-Wright’s next phase of growth.

Based in Memphis, TN, Fremont-Wright is a holding company comprised of nine entities that provide engineering, surveying, and architectural services. The company leverages local expertise combined with national reach to deliver service across eleven states.

“We are enthusiastic about working with SouthWorth Capital again and look forward to participating in Fremont-Wright’s growth as they continue to look for suitable acquisitions in their target markets,” stated Jack McGlinn, Senior Managing Director at Capitala Group.

About Capitala Group

Capitala Group is an asset management firm that has been providing capital to lower middle market companies throughout North America for over twenty years. Since our inception in 1998, Capitala has invested over $2.0 billion in approximately 170 companies and seeks to partner with strong management teams to create value and aims to generate superior risk-adjusted returns for our individual and institutional investors. For more information, definitions and details visit our website at www.CapitalaGroup.com.

Contacts:

Steve Arnall
CFO | Investor Relations
sarnall@capitalagroup.com

Katina Cole Jakubowski
Marketing | Communications
kjakubowski@capitalagroup.com

FAQ

What is the recent investment by CPTA in February 2021?

CPTA announced an investment in Fremont-Wright, LLC in February 2021.

What services does Fremont-Wright provide?

Fremont-Wright offers engineering, surveying, and architectural services.

Which states does Fremont-Wright operate in?

Fremont-Wright delivers services across eleven states.

Who partnered with CPTA for the Fremont-Wright investment?

CPTA partnered with SouthWorth Capital Management for the investment.

How much capital has Capitala invested since inception?

Capitala has invested over $2.0 billion in approximately 170 companies since 1998.