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UC Synergetic
Synergetic Design Acquisition - May 2007
Utility Consultants Merger - July 2008
PowerComm Engineering Acquisition - July 2009
Fort Mill, SC
www.ucsynergetic.com |
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In July 2008, Synergetic Design, Inc. and Utility Consultants, Inc. merged to combine power delivery and telecommunications expertise, uniquely positioning them to be leading providers of engineering and consulting services in their respective fields. The merger also positioned the companies to provide design and implementation of smart grid. With over 800 workers in 28 states, the company serves telecommunications and cable TV companies, as well as investor-owned utilities, municipalities and electric cooperatives. Services include distribution, transmission and substation engineering design, as well as telecommunications engineering design, planning and technical consulting, emergency services, professional development and field services.
In July 2009, UC Synergetic acquired PowerComm Engineering, Inc., a Tampa Florida-based engineering and consulting firm, specializing in advanced engineering solutions for the electric utility and wireless telecommunications markets. The addition of PowerComm strengthens UC Synergetic's transmission engineering and related services offerings, including line routing studies and recommendations, analysis and design of structures and foundations, survey services and the development of drawings, specifications, and other project-related materials. Falfurrias Capital Partners invested additional equity capital and arranged the financing provided by Wells Fargo for the transaction.
Commercial Credit Group (CCG) is a national independent commercial equipment finance and leasing company focused on purchase money and refinance transactions in the construction, fleet transportation and waste industries. CCG sources transactions through end-users, equipment vendors and manufacturers. Typical transaction size ranges from $100,000 to $2,500,000.
In March 2010, Falfurrias Capital invested in CCG in a transaction that totaled approximately $20 million and included a purchase of preferred stock and an equity infusion to support the Company's growth.
In the wake of the financial crisis, Commercial Credit Group saw several of its largest competitors exit the equipment finance business or significantly curtail lending activity. Commercial Credit Group seized the opportunity, growing organically from zero finance receivables in October of 2004 into one of the largest independent equipment finance companies in its markets in the United States.
Founded in 1987, Dorsey Wright & Associates ("DWA") provides technical investment research and money management products to stock brokers, wealth managers, and individual investors. DWA's research services are based on "Point and Figure" technical analysis and are provided to clients on a subscription basis. As of Q3, 2011, DWA's research covered more than 7,000 stocks, 14,000 mutual funds, 20,000 international equities, and over 1,000 ETFs. Additionally, DWA had $1.7 billion in assets under management through DWA ETFs, mutual funds, variable annuity trusts, and separately managed accounts.
In November of 2011, Falfurrias Capital made an equity investment in DWA resulting in a majority stake in the business. DWA Founder and President Tom Dorsey remained in his current role as President, and continues to oversee the day-to-day operations of the business. Goldman Sachs Specialty Lending Group provided financing for the transaction.
Falfurrias' investment will be used to continue to scale the business through the addition of several new asset management products, the expansion of DWA's technical investment research, and the incubation and growth of strategic initiatives such as StockEZY.com and AllETF.com.
North American Financial Holdings, Inc.
Investment - January 2010 |
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In January 2010, Falfurrias Capital made a minority investment in North American Financial Holdings, Inc. (NAFH), a bank holding company that was incorporated in December 2009. NAFH initially intends to invest in and manage one or more depository institutions. The Company plans to bid on the assets and liabilities of failed depository institutions in Federal Deposit Insurance Company (FDIC) auctions. NAFH is being led by 38-year Bank of American veteran, Gene Taylor. Falfurrias Capital Co-Founder and Managing Partner, Marc Oken, sits on NAFH's board of directors.
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