Stonehenge Growth Capital enables true business growth while generating compelling results and returns. Our Growth Capital team provides venture capital, private equity and mezzanine debt to innovative, high-potential small businesses and companies located in markets often lacking non-bank financing options. Through this business line, we offer flexible and creative financing solutions customized to a company’s unique strategic and financial plan.
Stonehenge Growth Capital has invested over $500 million in small businesses by focusing on $1-$5 million mezzanine and growth equity investments. Our team is currently managing more than $400 million in 15 state-targeted funds, which has created and retained more than 12,000 jobs. Stonehenge and its predecessors have formed and managed seven Small Business Investment Company (“SBIC”) funds.
Founded in 1965 and headquartered in Dallas, ASI is a leading national architectural signage firm. ASI provides consulting, design, manufacturing and installation services for comprehensive wayfinding and identity signage solutions. ASI offers digital, interior and exterior signage products for major healthcare, hospitality, education and corporate clients.
AXIS Industrial Services, LLC is a multi-craft industrial contractor operating in the Hydrocarbons Processing Industry (“HPI”), which includes refining, power generation and petro-chemicals plants. Based in Corpus Christi, Texas with an additional office located in Alvin, Texas, AXIS focuses on customers located in Louisiana and the Southern Texas region including Houston. AXIS services the open shop segment of the marketplace providing insulation services, scaffolding and fireproofing, blasting and heat tracing, asbestos and lead abatements and metal siding installation to processing plants. The company was founded in 2008 by several industry veterans formerly of Industrial Specialists, a successful HPI contractor. that reached $30.0MM in revenue and was sold to a larger competitor in 2007.
Alinean, based in Orlando, Florida, is the leading developer of research, methodologies and software tools to measure and quantify the value and return on investment from Information Technology.
These IT ROI and Value analysis tools are implemented to help improve ROI Selling for IT Vendors, and to improve IT Governance for CIOs.
Atlas RFID is the global leader in mobile materials management solutions for the Engineering Procurement Construction market. Utilizing technologies such as GPS, RFID and barcodes, Atlas RFID digitizes the jobsite and simplifies the complex supply chain by extending information into the field.
Automatan is a leading manufacturer of lithographic labeling equipment that is sold to the corrugated converting industry. The company was founded in 1976 and is located in Plover, WI. The company serves corrugated converters across the US and has achieved excellent brand recognition through its superior technology and product performance. Automatan’s main line of machines is designed to mount preprinted litho labels to any type of corrugated substrate. Automatan’s technology is patented. The company also manufactures load handling equipment, specialty laminators and ink quality control systems.
BLOC Global Development provides architectural programming and design, general construction, construction management, program management, real estate development, and real estate investment services. BLOC planners, architects, contractors, engineers, scientists, consultants, and strategists manage projects that contribute to the construction, preservation, restoration, and sustainability of the built environment.
Bulldog Solutions, Inc. provides lead generation and online marketing services that change the way B-to-B companies define demand generation strategy, engage prospects and convert leads to customers. Bulldog powers demand generation and demand management programs for many of the best brands in the world.
Traditional lead generation companies provide sales prospects for a per lead fee. These leads often vary widely in quality. Instead, Bulldog focuses on “lead marketing”. Bulldog’s technologies and processes provide more effective lead generation from a company’s digital assets (i.e., white papers) and online marketing activities (i.e., webinars, podcasts). Bulldog recommends the proper media for a campaign, creates the media such as a webinar and gathers critical information from the participant during the event. Bulldog then uses its proprietary workflow automation and lead scoring software to prioritize the leads created, measure sales effectiveness of prospects contacted and recommend the proper leads to contact in the future.
Cahaba Brewing Company, founded in Birmingham, Alabama in 2001, has had the goal of providing local customers with clean and consistent craft beers with a broad variety of flavors and styles.
Carmichael Painting and Remodeling was formed in 1979 by Charles E. Carmichael. The company is a licensed and insured general contractor in the State of Alabama. In addition to independent work, Carmichael has enjoyed a long subcontractor relationship with Russell Construction of Alabama, a major general contractor founded in 1983.
ComplyMD provides a new way to record patient information, at the point-of-care, that makes it easy for doctors to create compliant, computer assisted physician documentation immediately. Documentation generated in ComplyMD drives accurate patient health complexity allowing Hospitals to easily demonstrate the value they deliver while also driving better patient outcomes.
ContinuumRX, formerly known as Principle Pharmacy Group, is a Birmingham, Alabama-based healthcare company with a focus on home infusion. ContinuumRx provides home infusion and specialty pharmacy services to patients with chronic and complex conditions by working closely with healthcare providers to determine the right setting of care, to deliver the appropriate level of education and training, and to support patients during therapy.
Founded in 2006, Cortland Plastics International, LLC is a blow mold manufacturer, specializing in the production of mid-sized HDPE plastic containers for the food, health and beauty aid, and cosmetics industries. The company is located in the Cortland Empire Zone.
Critical Mention Inc. provides a revolutionary service for the real-time monitoring of broadcast television that is changing the way companies gain actionable and vital broadcast information. Broadcast TV is the single most powerful force in forming public opinion and driving consumer decisions, yet organizations do not have the ability to monitor this medium in real-time with any degree of efficiency. Critical Mention subscribers can be alerted to relevant broadcast clips within moments of air time, and can immediately watch the video, read the text, email the clip to a colleague or workgroup, order the clip on CD, or order a professional transcript. This process fits in seamlessly with the modern corporate workflow.
For the first time, brand managers, public relations professionals, political press secretaries, government agency heads and financial portfolio managers have immediate, online access to what is being said about them, their competitors or any other topic critical to their performance being discussed on television.
Dixie-Southern Constructors, Inc., founded in 1976 and located on a 12 acre facility in Duette, FL, fabricates carbon steel, stainless steel and alloy weldments for various industrial applications in the phosphate mining industry, power generation & utility industry, waste water treatment industry and general industrial applications.
The Company maintains certifications including ASME U/R/S code stamps, UL 142 and AWS CWI allowing expert fabrication of heavy metal plate pressure vessels, large stacks and ductwork, silos, launders, hoppers, and industrial autoclaves.
Environmental Lighting Concepts is a designer and marketer of OTT-LITE branded natural daylight products. Environmental Lighting Concepts designs and markets branded floor and table lamps that simulate natural daylight creating a clarity that allows individuals to see details more accurately. Their proprietary technology creates bulbs that lack the intense heat, excessive glare, and distortion of regular lighting. Environmental Lighting Concepts tubes are coated with a proprietary blend of phosphors that simulate the balance of specific wavelength characteristics of natural daylight. The OTT-LITE brand includes 3 different product lines that are each composed of a different phosphor formulation. VisionSaver Plus provides increased visual sharpness and contrast; True Color allows for enhanced color distinction and visual sharpness; and Natural Light Supplement simulates natural daylight indoors. Their products are sold through multiple distribution channels such as retail, direct response, and distributors.
FGNY, LLC is the exclusive Manhattan developer and operator for Five Guys Burgers and Fries, a franchised restaurant company owned by Five Guys Enterprises, based in Lorton, Virginia. Five Guys, with over 1000 stores in the U.S., and 1500 in development, has been one of the highest growth brands in the franchise industry over the last five years and has sold all U.S. development rights.
Felins USA, Inc. is a Milwaukee, Wisconsin headquartered manufacturer and distributor of specialty packaging equipment, including banding, strapping, tying and bundling equipment. Felins is an industry leader in the distribution of such specialty packaging equipment.
Filco Carting Corp. is a Brooklyn, NY-based recycling and waste hauling operation. Filco services more than 2,000 commercial and government accounts with its own fleet of trucks, bins and automatic compactors positioned at client sites around the NY City area. This family-owned business has been in operation since 1919, providing clients with quality service often missing from the local operations of Filco’s national competitors.
First Wave Technologies sells and leases proprietary pill crushing equipment into institutional nursing settings, primarily skilled nursing and assisted living facilities.
Founded in 2000, Garage Tek offers panelized wall organization systems that allow homeowners to customize installation to best fit their personal garage needs. The system is lightweight, strong, color fast, and impervious to ambient weather conditions. The system includes products designed to allow easy storage of common household items including shelves, cabinets, sports racks, tool and garden racks.
Founded in 1919, H. Krevit is a fifth-generation family run manufacturer of industrial bleach (sodium hypochlorite), and a bulk distributor of “caustic” (sodium hydroxide), hydrochloric acid (“HCL”) as well as other chemicals geared towards the water purification industry. The Company is the oldest bleach manufacturer in the country.
Health Integrated offers integrated medical and behavioral care management services to health plans, state funded health programs and self insured employers.
Launched in 2007, Health Media Network offers 30 customizable specialty health networks providing educational and engaging content in medical offices and healthcare systems nationwide. Health Media Network’s digital screen network is complemented by the company’s static OOH poster panel network, brochure program and touchscreen tablets also used for messaging and advertising. The Company is the fastest growing digital Point of Care media company in the U.S., reaching more than 60,000 physicians in over 13,000 medical offices and healthcare systems across the country.
Located in Birmingham and founded in June 2012, HospiceLink provides software and cost management solutions specifically focused on the unique relationship between hospice companies and durable medical equipment (DME) providers. HospiceLink assists hospice companies and DME providers with equipment ordering, billing, reporting and contract-management through proprietary software and a network of third-party DME providers.
iDevices aims to seamlessly connect users to their worlds with responsive products that enhance everyday life. Through the unique collaboration of its in-house team, iDevices is able to create products that are intelligent at their core. iDevices is the developer of one of the first app-enabled devices, the iGrill Bluetooth cooking thermometer. The iGrill is a Bluetooth-enabled cooking thermometer that pairs with Apple and Android devices. Using the free iGrill app, users are able to monitor the temperature of cooking from up to 200 feet away. The app sends users an alert when food is at the specified temperature.
Instrument Development Corporation is a value added manufacturer of high precision component parts, primarily for use in guidance systems for major defense contractors. IDC is known primarily for the manufacture of close tolerance metal parts. In addition to machining parts, IDC performs concept design and engineering services and support for its larger customers.
Founded in 2008, Iron Horse Tools, LLC is a provider of rental tools and equipment for the oil & gas industry. Based in Corpus Christi, TX, Iron Horse provides chokes, hydrostatic test trucks and stabilizers to oil & gas operators on a rental basis in the South Texas, Louisiana and North Dakota regions. Iron Horse differentiates itself in the market by providing a higher spec choke which utilizes a joystick for choke control. Iron Horse’s joystick control is more sensitive to temperature changes and provides enhanced functionality as compared to competitive products in the market today.
LED Funding LLC is a specialty finance company that funds 100% of the capital cost of LED lighting, including installation and maintenance, at zero cost to the customer. By retrofitting existing lighting solutions with LED lighting, the company helps clients lock in energy and cost savings of 50% or greater over a period of 10 years.
L.S. Research, LLC, founded in 1980, is a leading product development company that specializes in the contract design of wireless and RF based products for both Fortune 500 customers and innovative middle market companies. LSR assists companies by helping solve wireless integration requirements. L.S. Compliance, a division of LSR, provides electromagnetic compatibility (EMC) testing services and certification for both domestic and international regulatory requirements.
Lumetrics, founded in 2003, is an optics based instrument company, providing solutions for non-contact optical measurement. Lumetrics designs, manufactures, and markets advanced optically-based instruments that provide unique measurement solutions for a variety of industrial applications. Lumetrics technology employs the power of light for accurate and routine analysis of materials such as specialty film, flexible packaging, plastics, coatings, and optics.
Lumetrics’ capabilities include products that provide the most advanced thickness measurement available. With accurate and routine measurement of this important parameter, businesses can better achieve product development, process development, and manufacturing goals. Lumetrics provides optical measurement products and services to the high value specialty films, medical device, and pharmaceutical, ophthalmics, and precision optics industries. The Company’s high-precision, fiber-optic dual interferometer instruments, (trade name OptiGauge) provide extremely accurate and rapid measurement of physical properties of complex surfaces and objects.
Macton Corporation has been engineering, fabricating and installing high quality moving structures for six decades. Macton’s early work included a revolving stage at the Jones Beach Marina and an installation for the 1964 world’s fair, subsequently relocated to Disney World. Macton has since worked on thousands of installations in dozens of countries throughout the world.
MilMar Food Group, the wholly-owned operating subsidiary of MR Holding Company LLC, manufactures and distributes a variety of frozen hors d’oeuvres and entrees throughout the United States and Canada to the food service, retail, club, private label and airline markets.
MilMar is located in Goshen, New York, approximately sixty miles northwest of New York City. Its 65,000 square foot USDA inspected facility is minutes away from the state’s major highways and transportation routes. MilMar’s product lines of high convenience, value-added products are all OU kosher endorsed.
Millennium Outdoors creates and distributes tree stands and other sportsman’s accessories.
OpGen, Inc., founded in Madison, Wisconsin, is an early commercial stage company using molecular testing and bioinformatics to assist healthcare providers to combat multi-drug resistant bacterial infections. The company’s products and services are designed to enable the rapid identification of hospital patients who are colonized or infected with life-threatening, multi-drug resistant organisms, or MDROs. The company’s lead product is the Acuitas® MDRO Gene Test
Located in Bloomfield CT, and founded in 1995, PCC Technology Group, LLC, is a designer, developer and implementer of software solutions to automate critical business functions. The Company has developed a core competency in the public and quasi-public sectors where its software design, systems integration and software configuration business focus. PCC serves three vertical sectors – Government, Energy, and Education. PCC’s software allows clients to more efficiently manage functions such as campaign finance reporting, elections management systems, compliance, emergency response networks, unemployment insurance systems as well as judicial case management, among others.
Founded in 2007, Parks Pharmacy provides prescription drugs, over-the-counter medication, vitamins, and home health care products. Parks also offers customized, non-sterile compounded medications prescribed or ordered by licensed physicians or veterinarians.
“Headquartered in Jacksonville, Florida, Payformance is a leading developer of business-to-business payment automation systems for a variety of industries, including financial services, health care, banking, state and local government, and manufacturing. When it comes to payment processing and accounting document production solutions, Payformance is your “”one stop shop.”” Payformance offers the most advanced software solutions for in-house check printing. To complement their software solutions, Payformance offers the printers, check stock and MICR toner needed to produce documents on an ongoing basis. For companies that wish to outsource the printing of checks, statements, invoices or other accounting documents, Payformance offers a complete service that is controlled by a web-based application. Payformance allows customers to begin their transition away from paper processes by making ACH payments and using our outsourcing services to present advice and statements online.
Payformance Corporation was the first company to combine hardware and software for a true turnkey solution that securely prints MICR-encoded payments. Serving more than 3,000 customers globally, Payformance enables organizations to easily adopt new payment technology that fits their existing accounting systems.”
Located in Bridgeport, Connecticut, PosiGen is a provider of renewable energy and efficiency solutions for Low-to-Moderate Income (LMI) households. Founded in 2011, PosiGen has established itself as a leading provider of solar photovoltaic (PV) panel systems, exclusively focused on the LMI sector. PosiGen combines energy efficiency measures and solar systems to offer their customers monthly savings of up to 50% of their previous utility bill.
Preston Hollow Capital is a Dallas-based merchant bank focused on municipal specialty finance, commercial finance and asset management. Preston Hollow Capital was formed in 2014 by a senior team from ORIX USA comprised of executive management, sourcing, credit and business operations professionals.
Founded in 1993, Proficient Auto Transport is a specialty auto transport carrier focused on the transportation of new, luxury/prestige automobiles. Customers of the Company represent the majority of the foreign-owned automobile manufacturers, including among others, Mercedes-Benz, BMW, Porsche, and Saab. The Company also derives revenue from the transport of specialty vehicles such as prototype cars, auto industry show special events, and privately owned vehicles.
Seitz, LLC, located in Torrington, CT, is engaged in the design, manufacture, sale and distribution of precision engineered products primarily used in the medical, business equipment, electronics, pharmaceutical and food service industries. It designs, produces and assembles proprietary custom thermoplastic devices, components and tools and provides injection molding and contract manufacturing services.
SkyHawke Technologies, LLC designs and develops positioning systems and technology products for personal use on golf courses in the Americas, Great Britain, Ireland, New Zealand, Germany, Spain, and Sweden. It offers rangefinders, such as SkyCaddie SGXw with up-to-date and sub-meter precision course maps; accessories, including belt clips, accessory bundles, AC wall chargers, and leather cases; replacement parts, such as double arm sockets, diamond base W/balls, belt clip buttons, belt clip disks, and USB and SGX port covers; and pre-owned and open box products for sale in the United States.
SmartPay is a pay-as-you-go software solution designed by a team of experts from the insurance carrier, independent agent, payroll and software industries with specific expertise in workers’ compensation. The company provides industry-leading cloud-based software, professional expertise, access to insurance and financing markets, comprehensive processing capabilities, and full marketing support to its clients.
TAS Environmental Services, founded in 2004, is a full service environmental management company headquartered in Ft Worth, TX. TAS offers 24-hour emergency response for all types of hazardous and non-hazardous spills as well as numerous industrial services, site remediation, pipeline maintenance, transportation and waste management. The company has a longstanding history giving training exercises and actual spill response to all of the major oil companies. TAS has provided personnel, equipment, supplies, and expertise for containment and cleanup for all major oil spills that have occurred within the Gulf Coast region over the last eight years. With over 200 cumulative years of experience gained from responding to over 6,000 emergency responses and oil spills, TAS’s personnel ensure the prevention of conflict and regulatory penalties and control costs by handling each situation in a safe, professional, and conscientious manner.
“TLX Technologies is a designer and manufacturer of electro-mechanical solenoids,actuators and fluid control valves. These products utilize patented technologies such as Digital Hi-Speed (response of less than one millisecond), Residual Magnetism and Permanent Latching solenoids (zero current draw), and Linear Proportional control to provide their customers with designs that offer a competitive advantage to their internal products.”
Talon Aerospace is the industry leader in high reliability LED light applications for transport category, rotorwing and military aircraft. Founded in 2004, Talon Aerospace was the first company to receive STC certification for LED Anti-Collision Lights for commercial aircraft in 2008. Talon ‘s product portfolio includes LED Anti-Collision lights, plug and play LED sealed beam replacement lamps and cargo lights for transport category aircraft.
TeraMedica was founded in 2001 by leading health care information technology investors and thought leaders, and successfully deployed the first version of a cross-departmental, patient-centric clinical image archive at the Mayo Clinic in 2003. Since then, FUJIFILM TeraMedica software has been deployed at over 600 customer-driven locations on six continents.
The Big Willow is a marketing technology company that provides a business-to-business demand side platform (B2B DSP) leveraging Device ID data from their “Buyer Intent Engine” to allow clients to better identify and target prospective buyers earlier in the sales cycle. Founded in 2012, the Big Willow employs highly developed machine learning to recognize purchasing patterns and indications earlier in the buying journey than their competition allowing their large B2B and enterprise clients to find and engage customers quicker and more efficiently.
The Metropolitan Switch Board Company is a Long Island based designer and manufacturer of primary and secondary power distribution systems. The company sells predominately to electrical contractors and electrical supply companies located in New York City and Long Island. Metropolitan Switch Board products can be categorized into three main groups: switchboards, panel boards and ancillary equipment.
Thetis Pharmaceuticals, LLC was founded in 2011 by R&D executives that held leadership positions at Pfizer in discovery, development and licensing, and business executives with extensive healthcare investment experience. Thetis uses their expertise in amino-lipid chemistry to discover and develop innovative drug products for treatment of cardio-metabolic diseases. Each of the novel Thetis candidates is based on an approved drug or previously studied, biologically active agent. They use their proprietary technology, referred to as the HEALER™ Platform, to potentially provide better pharmacokinetic, pharmacodynamic or physico-chemical properties and thereby enhance efficacy, tolerability, and patient convenience, and enable the use of known agents in new indications.
Founded in 2002 in Ridgeland, Mississippi, Trinity is an apparel company that manufactures and distributes made-to-measure custom apparel using offshore manufacturing.
Water Science Technologies, Inc. distributes specialty chemicals to water treatment and process industries. It offers water treatment products, such as biocides, specialty polymers, scale and corrosion, acidizing products, cementing products, and fracturing fluids, as well as wastewater products, including coagulants, flocculants, and defoamers. The company also provides energy services that include drilling, acidizing, cementing, and fracturing fluids. In addition, it offers specialty polymers and biocides are used in industrial water treatment; scale and corrosion inhibitor are used in oil field applications; and cationic and anionic emulsion, and dry polymers.
Located in Trumbull, CT, and founded in 2009, ZetrOZ is a pain management system and treatment company that has developed a small, efficient, low cost ultrasound system primarily for the treatment of arthritis, tendinitis, back pain and other musculoskeletal problems.
eHGT is a leading medical record retrieval and diagnostic image exchange service provider, serving more than 28 of the nation’s top 100 hospitals and leading health information exchanges (HIEs). The company’s services include eHealth AccessTM Record Retrieval Service and eHealth Connect® Diagnostic Image Exchange. Both help users to improve patient care while increasing productivity and reducing costs. Each service utilizes innovative health information technology to access medical records and diagnostic images in any format, and then securely delivers them to providers and clinicians in a digital format to improve continuity of care.
Since 1999, Stonehenge Capital has operated at the nexus of finance and community development. We are deliberate in our actions to make both a financial and social impact. We know how private capital can transform underserved communities and help operating businesses grow, and we work with clients and investors to generate double bottom line returns. With fresh thinking that leads to better returns, Stonehenge is not the same old style of investment firm, but something else entirely. Some call it transformational capital. We call it the right way to do business.
Stonehenge is a thought leader in investment capital, producing strong returns for investors and impactful social returns for communities. We do this by fostering collaboration among our team of seasoned and talented professionals who leverage two decades of expertise and relationships to provide innovative financing solutions where they are most needed, delivering a variety of debt and equity financings to spur economic growth across the country.