Crescentia Capital

Crescentia Capital, the equity buyout business of Calvert Street Investment Partners (“Crescentia”), is pleased to announce the promotions of Alex Puthumana and Seth Erlanger to Vice President and the hiring of Jack Mellin to the position of Associate. Brian Guerin, Managing Partner, said, “We are extremely proud of Seth’s and Alex’s significant contributions to Crescentia’s thesis-driven strategy and value creation at our portfolio companies and are excited to recognize their growth within our firm. They are important members of our investment team and culture-carriers for the firm. We look forward to their future accomplishments in their new and well-deserved roles as Vice Presidents.” Since joining Crescentia in August of 2020, Alex has developed new investment theses and played a meaningful or lead role in several platform and add-on acquisitions. Previously, Alex spent two years at Stifel in their infrastructure and industrial services group. He holds a Bachelor of Science degree in Finance from the University of Miami. Seth joined Crescentia in July of 2022 and has also assisted with or led several new investments and refinancings for platform and add-on acquisitions to the portfolio.  Previously, Seth was an Associate at Access Holdings. Prior to Access Holdings, he was an Analyst at Wells Fargo Securities in their Industrials and Energy and Power Groups. Seth holds a Bachelor of Science degree in Accounting and Finance from the University of Pittsburgh. Brian further commented: “We are excited to have Jack on the team at Crescentia. He brings valuable skills and experience and has fit into our firm’s culture quickly.” Before joining Crescentia in September of 2024, Jack was an Analyst and Associate in the Diversified Services Group at investment bank Stifel in Baltimore and New York.

Crescentia Capital, the equity buyout business of Calvert Street Investment Partners, is pleased to announce that its portfolio company Synsus Private Label Partners, LLC (“Synsus”) has completed the acquisition of AmegA Sciences, LLC and React Industries, LLC (together “AmegA”). AmegA, located in Lakeland, FL, is a global private label manufacturer serving the agriculture, turf & ornamental, and direct-to-consumer markets. Ryan Sparks, AmegA’s President and Co-Owner commented, “It was immediately evident upon our first meetings with Synsus that our values and strategic outlook were aligned, with our capabilities being almost-wholly complementary. I am extremely excited to be combining forces, further bolstering Synsus’ already outstanding strategic position, adding to their over 500,000 square feet of existing manufacturing facilities and helping to accelerate growth and product offerings to our customers.” Greg Crawford, CEO of Synsus, added, “From our first discussions, it was clear that our business models and customer-focused value propositions were in perfect alignment. We are very pleased to merge the people and capabilities of the organizations together to provide additional value to the markets we serve.” Synsus Private Label Partners is a leading U.S. chemical manufacturer providing R&D innovation, specialty chemical manufacturing, and private-label custom packaging for the agricultural and turf & ornamental markets. Based in Houston, Synsus operates out of three manufacturing locations strategically located to serve these markets. The company specializes in specialty liquid fertilizers, nitrogen stabilizers, foliar micronutrients, colorants, adjuvants and surfactants, and other liquid nutritional products. 

Crescentia Capital, the equity buyout business of Calvert Street Investment Partners, is pleased to announce that its portfolio company AllClear Underground Solutions, LLC (“AllClear”), a diversified provider of underground water and wastewater infrastructure repair and rehabilitation services, has completed the acquisition of Metals & Materials Engineers, L.L.C. (“MME” or the “Company”). Founded and owned by Barry Bennett since 2001, MME specializes in sewer and storm water system inspection, cleaning, and repair. The Company is based in Stone Mountain, GA and maintains longstanding relationships with municipalities in the greater Atlanta area. "We are thrilled to join forces with MME to enhance the delivery of our comprehensive suite of inflow and infiltration prevention services in north Georgia," stated Brian Johnson, Chief Executive Officer of AllClear. "This acquisition not only expands our customer base and geographic reach but also diversifies our service offerings, further solidifying AllClear's position as a regional leader in the industry. We are especially excited to welcome MME's talented and customer-focused operations team into the AllClear family." "The team at MME is enthusiastic about our partnership with Brian and the AllClear leadership team. Their investment will empower us to offer additional complementary services, modernize our assets, and provide enhanced value to our loyal customers," said MME Founder, Barry Bennett. Formed in 2022 with the acquisition of Rowland Inc., a family-owned company for over 30 years, AllClear is a provider of open-cut water and wastewater pipe repair, cementitious and epoxy-based manhole and asset rehabilitation, trenchless cured-in-place pipe (CIPP) lining, closed-circuit television (CCTV) pipe inspection, and other underground rehabilitation services. AllClear is located outside Tampa, Florida and serves a wide variety of municipalities in the greater Tampa/St. Petersburg area.

Crescentia Capital, the equity buyout business of Calvert Street Investment Partners, is pleased to announce the promotions of Stephen Randall to Partner, Brent Peterson to Associate and the hiring of Jeff Chase to the position of Business Development Analyst. Brian Guerin, Managing Partner of Crescentia Capital said, “Steve has been a big driver of our firm’s success over the last several years, originating and executing on new investment thesis opportunities leading to platform investments, including AllClear Underground Solutions and Terra Nova Solutions. We are excited to see what he will accomplish as a Partner.” Prior to joining Crescentia Capital in 2014, Steve spent three years as an investment banker at J.P. Morgan. “Brent has done an outstanding job supporting the investment team at Crescentia since his hire in late 2021, assisting in the execution of several acquisitions including, D2K Traffic Safety Solutions, AllClear Underground Solutions and MSI’s acquisition of Cambridge Specialty.” Prior to joining in 2021, Brent interned at T. Rowe Price. “Jeff, our latest addition to the team, is already generating investment opportunities for current portfolio companies and our new investment theses, developing relationships with bankers and sourcing new acquisition targets.” Prior to joining, Jeff provided due diligence and strategy consulting services while at PricewaterhouseCoopers. “Brent and Jeff are valuable contributors to the investment team, and we look forward to their continued development.”

Catch Crescentia Capital at the 2024 Independent Sponsor Forum in Philadelphia next week: https://lnkd.in/eYkJvG38

Calvert Street Capital Partners, a leading lower middle-market investment firm, today announces it will operate under the new name of Calvert Street Investment Partners. Founded on the principles of integrity, accountability and collaboration, Calvert Street Investment Partners has been building and growing companies in the lower middle market for three decades. The firm has consistently evolved yet remains focused on driving family, founder, and owner-operated businesses to their potential and generating exceptional results for its investors. The new name marks Calvert Street Investment Partners’ transition to a multi-strategy investment platform. Calvert Street Investment Partners will continue to provide support and infrastructure including financial reporting, accounting, IT, regulatory compliance, and investor relations to its private capital businesses. Please visit the new website: https://lnkd.in/ed-nEaDs.   As part of the rebranding, the firm’s equity buyout business will be renamed Crescentia Capital. The firm’s mezzanine business will continue as Parkway Capital. New visual identities and websites have also been created for these businesses. Crescentia Capital will continue as the equity buyout business of Calvert Street Investment Partners. Crescentia Capital partners with families, founders, and owner-operators to accelerate growth and drive value creation in lower middle-market companies in its sectors of focus (industrial and infrastructure services and specialty manufacturing). "Crescentia” means "land of growth or increase" and was the name that Sir George Calvert, originally intended for the land granted to him by King Charles I, which ultimately became the State of Maryland. “We are all excited for this next chapter of our firm,” said Brian Guerin, Managing Partner of Crescentia Capital. “While the name of our business has changed, our focus on family, founders and owner-operated companies remains the same. At Crescentia Capital, we view the lower middle market as the 'land of growth’ and passionately drive our investments to increase value and achieve successful outcomes.” Please visit www.crescentiacapital.com for additional information.