We would like to take this opportunity to thank our investors, partners, and friends for an active and a successful first half of the year. During 1H 2024, we closed 13 investments and achieved seven successful exits on existing investments (through either a full sale of the business or refinancing of our debt). Of the 13 investments, we closed two new platform investments, and we were very active in supporting our portfolio companies, closing 11 follow-on / add-on acquisitions across a number of industries, including Auto Collision Repair, Commercial Solar Installation, Appraisal Management, HOA Management, Education, and Home Storage.
Additionally, we received our SBIC license for our second SBIC fund.
Looking ahead, we are actively seeking new debt and equity investments, including add-on opportunities. Thank you all for your continued support, and best wishes for a healthy and prosperous 2H 2024!
About Source CapitalSource Capital is a private investment firm focused on providing flexible equity and debt capital to lower middle-market companies across a range of industries. Source Capital's investment strategy targets growing companies with greater than $2 million in EBITDA seeking a growth-oriented partner. Since its founding in 2002, Source Capital has made 29 control equity platform investments and 60 add-on acquisitions in addition to 52 debt investments through five separate credit funds. To learn more about Source Capital or to discuss a new equity or debt investment opportunity, please visit source-cap.com, our LinkedIn page, or reach out to a member of our investment team.
|
Tom Harbin tomharbin@source-cap.com |
Kate Harbin Clammer kateharbin@source-cap.com |
| Thomas van der Meulen thomasvandermeulen@source-cap.com |
Ben Emmons benemmons@source-cap.com |
| Joe Rodgers joerodgers@source-cap.com |
Rob Kissling robkissling@source-cap.com |
| Matt Smith mattsmith@source-cap.com |
Charles Slick charlesslick@source-cap.com |
| Ryan Berg ryanberg@source-cap.com |
Sam Allen samallen@source-cap.com |
| Josh Chin joshchin@source-cap.com |
Matt Cory matthewcory@source-cap.com |
| Michael Murphy michaelmurphy@source-cap.com |
Jeremy Standrod jeremystandrod@source-cap.com |
| Becky Baun rebeccabaun@source-cap.com |
Josh Rollins joshrollins@source-cap.com |