Crescentia Capital Invests in Southeast Industrial Services Provider C&D
Crescentia Capital's strategic investment in C&D Industrial Maintenance will accelerate growth and acquisitions, strengthening the company's position as a leading commercial door and loading dock services provider across eight Southeastern states.
Crescentia Capital, the equity buyout unit of Towson, Md.-based Calvert Street Investment Partners, has announced a strategic growth investment in Bradenton, Fla.-based C&D Industrial Maintenance, a provider of commercial door and loading dock services across the Southeast. The investment is expected to fuel organic growth initiatives and strategic acquisitions, as C&D builds the region's leading door & dock services platform.
Founded in 2018, C&D serves customers in Florida, Georgia, Tennessee, Alabama, Mississippi, Arkansas, North Carolina and South Carolina. The investment represents a significant commitment to expanding industrial maintenance services throughout the Southeast region, where commercial and industrial infrastructure continues to grow rapidly.
Current Capital Partners acted as financial advisor to Crescentia Capital, while Petra Capital Partners provided financing in support of the transaction. Legal counsel was provided by Stevens & Lee and Willkie Farr & Gallagher, ensuring proper structuring and compliance throughout the investment process.
Crescentia Capital's current portfolio of nine companies includes All Clear, D2K and Terra Nova, demonstrating the firm's experience in managing diverse industrial service providers. The investment in C&D Industrial Maintenance aligns with Crescentia's strategy of backing established middle-market companies with strong growth potential in specialized service sectors.
The transaction highlights the continued strength of private equity investment in industrial services companies, particularly those serving multiple states with essential maintenance and repair services. As commercial and industrial facilities continue to require specialized door and loading dock maintenance, companies like C&D play a critical role in supporting business operations and supply chain efficiency across the Southeast region.
Calvert Street Investment Partners, which also has offices in Newton, Mass., operates two units - Parkway Capital, which provides flexible junior capital solutions to lower-middle market companies, and Crescentia Capital. As of June, Calvert Street had invested over $1.1 billion, with approximately $615 million in equity buyout investments and about $525 million in mezzanine and minority equity investments, backing over 145 middle-market companies across various industries.