Parkway Capital Announces Investment in Davey Coach

Parkway Capital ("Parkway") is pleased to announce an investment in Davey Coach Holdings, LLC ("Davey Coach" or the "Company"). Parkway provided subordinated debt and equity to support the recapitalization of Davey Coach in partnership with Northcreek Mezzanine ("Northcreek") and Progress Equity Partners ("PEP").

Founded in 1992 in Denver, CO, Davey Coach is a premier full-service B2B dealer of small and mid-sized shuttle buses and vans, operating from locations in Colorado, California, and Indiana. As part of this transaction, the Company acquired Hudson Bus, LLC ("Hudson Bus"), another full-service dealership based in Texas. The Company offers a one-stop solution encompassing new and used bus sales, rental/lease, parts, service, graphics, and bus accessories and customization.

For more information, please visit: https://www.daveycoach.com.

Key Contacts for New Portfolio Company Investment Opportunities

Andy Silverman
[email protected]
443.573.3709

Christine Boyd
[email protected]
443.573.3719

Daniel Pincus
[email protected]
443.573.3712

Liam O'Brien
[email protected]
443.737.7459

About Parkway Capital

Since 2000, Parkway Capital has made investments in partnership with management, funded and independent equity sponsors, and family offices, providing flexible junior capital alternatives for lower middle market companies. Joining forces with the Calvert Street Investment Partners team in 2019, Parkway has an experienced, mezzanine-focused investment group that continues a more than two-decade long legacy of making mezzanine and minority equity investments. The Parkway investment professionals have collectively invested more than $560 million of capital across 80+ portfolio companies.

For more information, please visit: https://www.parkwaycapital.com.

About Calvert Street Investment Partners

Calvert Street Investment Partners invests in lower middle-market companies through two distinct investment strategies: Crescentia Capital, its equity buyout business, and Parkway Capital, its mezzanine business. Collectively, Calvert Street Investment Partners' investment professionals have invested over $1.1 billion in 150+ companies since 1995.