Industry Press Releases

Seacoast Capital announces acquisition Financing for NEPW Logistics, Inc.

Friday, Feb 27, 2015

Seacoast Capital announced today that it has completed a $5.7MM Senior Subordinated Debt financing for NEPW Logistics, Inc. ("NEPW" or the "Company") to support the acquisition of the Company by Hyde Park Holdings, LLC ("Hyde Park"). NEPW, based in Auburn, Maine, is New England's leading provider of third-party integrated logistics services to the pulp, paper, and forest products industries. The Company operates 9 warehouse locations across Maine and provides storage, cross-dock, trucking, logistics, and roll converting services to its customers. Eben Moulton, a Partner with Seacoast commented, "We believe that the acquisition of NEPW Logistics by Hyde Park, with its deep industry experience and robust platform, will enable the Company to further solidify its market leadership position and provide the Company with the capital to take advantage of attractive growth opportunities as the Company looks to expand its geographic footprint."

About NEPW Logistics, Inc.

NEPW is New England's leading provider of third-party integrated logistics services to the pulp, paper, and forest products industries. Headquartered in Auburn, Maine, NEPW's integrated logistics services include: i) the operation of nine warehouses encompassing over 900,000 s.f. of high-bay warehouse space, ii) value-added roll converting services; and iii) an asset-light regional truck brokerage business. NEPW's integrated services model enables the Company to provide a holistic solution for its customers' logistical requirements. NEPW is strategically located, occupying warehouse space along Maine's two short-line railroad systems, which provides the Company with a significant logistical advantage. NEPW's integrated converting business is the largest outsourced paper roll converting business in the Northeast and enhances the Company's value-added offerings to its customer base.

About Hyde Park Holdings, LLC

Hyde Park is a middle-market investment firm founded in 1987. The firm has invested in excess of $1.5 billion since its founding. Hyde Park has funded its transactions with funds sourced from a broad cross section of institutional investors, public equity markets, family offices, and investments by Hyde Park principals. Hyde Park has benefited from a focused, consistent and disciplined value-oriented investment strategy, with a particular emphasis on an investment's risk adjusted return on invested capital.

About Seacoast Capital

Seacoast was founded in 1994 to make non-controlling subordinated debt and equity investments in privately-held lower middle market companies. Seacoast specializes in "sponsorless" transactions, preferring to deal directly with company owners or management teams, although it will selectively consider investments led by professional investor groups. Seacoast typically provides between $3MM and $12MM of debt and equity capital for acquisitions, growth, shareholder buyouts, management buyouts, and leveraged recapitalizations to provide shareholder liquidity. While industry agnostic, Seacoast broadly invests in the specialty manufacturing, value-added distribution, and business services sectors. Seacoast generally targets investments in companies with a minimum of $10MM in revenue and $2MM of EBITDA. With offices in Boston and San Francisco, Seacoast has the ability to invest in businesses across the U.S. -- having invested approximately $300MM in over 20 states since 1994.


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