Hyde Park Capital Announces Recapitalization Of Vology By Investor Group Led By Capitala and Harbert Mezzanine

Hyde Park Capital Announces Recapitalization Of Vology By Investor Group Led By Capitala and Harbert Mezzanine

Tampa, Florida - December 4, 2019 - Hyde Park Capital Advisors, LLC (“Hyde Park Capital”) is pleased to announce the recapitalization of Vology (the “Company”) by an investor group lead by Capitala Group and Harbert Mezzanine Partners. Banyan Investment Partners and Gries Investment Funds also participated in this transaction. Hyde Park Capital served as the exclusive investment banker to the Company for this transaction.

Barry L. Shevlin, Vology’s President and Chief Executive Officer, stated, “This transaction is extremely positive news for our Company,our customers, business partners and employees. With a strengthened and simplified balance sheet, we are now well positioned to continue to invest in and grow our business. We have outstanding, hardworking employees and a strong management team, all of whom are committed to serving our customers and to our long-term success. We appreciate our longstanding investment banking relationship with Hyde Park Capital and their help on this important recapitalization transaction for the Company.”

John Hill, Jr., Senior Managing Director of Hyde Park Capital, said “This is the fourth transaction we have worked on with Vology and we highly value the relationship with we have built over many years working with both Barry Shevlin and Steve Torres at Vology. This important financing puts the company is a strong position to significantly grow the Vology MSP platform in 2020.”

About Vology

Vology, a leading Managed IT, Security and Cloud Services Provider, positions companies for growth by empowering digital transformation and delivering custom solutions. Vology currently monitors, manages and maintains 260,000 devices at 32,000 customer sites, providing 24/7/365 support through its U.S.-based Network Operations Center (NOC) and Security Operations Center (SOC). The company also provides field services with access to 2,200 fully audited field technicians nationwide. Vology is ranked as the No. 21 Managed Services Provider in the world on the 2018 MSP 501 list. To learn more about Vology and its managed IT, security and cloud services, visit www.vology.com.

About The Investor Group

Capitala Group

Capitala Group is a $3.0 billion asset management firm that provides capital to lower and traditional middle market businesses throughout North America with office locations in Atlanta, Charlotte, Fort Lauderdale, Dallas, New York, and Raleigh. Capitala’s lower middle market investment strategy focuses on investing in debt securities with minority equity co-investments with less than $250 million in enterprise value through its permanent capital vehicles, Capitala Finance Corp. (Nasdaq:CPTA) and Capitala Specialty Lending Corp.(CSLC). For more information, please visit www.capitalagroup.com.

Harbert Credit Solutions

Harbert Credit Solutions is the mezzanine arm of Harbert Management Corporation. The firm provides subordinated debt financing to private middle market companies in need of capital for organic growth, acquisition, recapitalization and management buyouts. It was founded in 2000 and is based in Nashville, Tennessee. For additional information, please visit www.harbert.net.

Banyan Investment Partners

Founded in 2002, Banyan Investment Partners is a mezzanine investment firm based in Miami, Florida. The firm specializes in providing subordinated debt and equity to smaller middle-market companies. For more information, please visit www.banyanmezzaninefunds.com.

Gries Investment Funds

Founded in 2005, The Gries Investment Funds is a private equity firm based in Tampa, FL. The firm is a provider of mezzanine loans and equity capital to a wide variety of business sectors and real estate projects. For more information, please visit www.griesinvestmentfunds.com.

About Hyde Park Capital

Hyde Park Capital is a leading Florida based investment bank with a 20-year track record of successfully closing M&A and capital raise transactions for its clients. Hyde Park Capital focuses on the institutional capital markets and has numerous relationships with private equity funds,family offices and corporate buyers around the Unites States and in international markets.  Hyde Park Capital specializes in mergers and acquisitions and serving the corporate finance needs of middle market public and private companies. The firm’s principals also have extensive investment banking experience executing sell-side merger and acquisition engagements for founder and family owned companies.  Hyde Park Capital’s services include purchase and sale of company assignments, recapitalizations, financial advisory, fairness opinions and raising growth capital and acquisition financing for companies, including equity, mezzanine and senior debt.  Hyde Park Capital is headquartered in Tampa, Florida and is a member of FINRA and SIPC.  For additional information, please visit www.hydeparkcapital.com.

Client Testimonials

"Hyde Park’s team guided us through the process, providing us with a number of high quality counter-parties, and supported us through the transaction structuring, negotiation and due diligence. We are very pleased with the outcome and excited for the future of DTS.”
Allen Ibaugh, Co-Founder and CEO of Data Transfer Solutions
“We enjoyed working with Hyde Park Capital and appreciated their M&A expertise in the technology services sector and their help on this important transaction.”
Chris Toepke, CEO of Trifecta
“We very much appreciated the assistance of Hyde Park Capital on this strategic acquisition for ITE. Their M&A experience was quite helpful to our team and the overall process and assured the deal was well executed and we got it closed on schedule.”
Scott Dols, CEO of Industrial Truck & Equipment, LLC
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