INVESTMENT CRITERIA

We partner with business owners and management teams to provide flexible financing that enables their companies to achieve growth objectives. The Hunting Dog Capital team was purposely built with individuals that have diverse and complementary backgrounds. Our dedicated team has the experience to understand unique situations and capital raising challenges faced by lower middle-market U.S. businesses. We act quickly to provide the necessary capital when it is most essential.

  • Investment Size
    $5M+
  • Term
    2 - 5 years, prepay without penalty after the first year
  • Borrower Profile
    Meaningful tangible assets
  • Industry
    Agnostic
  • Geography
    U.S.
  • Structure
    Senior-secured term loans, typically non-amortizing
  • Use of Proceeds
    Growth, Refinancing, Acquisition, Working Capital, Buyout
  • Ownership
    Concentrated with at-risk equity

CASE STUDIES

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Blossom Chevrolet

Established in 1976 and based in Indianapolis, IN, Blossom Chevrolet is a new and used-car dealer, recognized by General Motors as “one of its key dealers for the Chevrolet Brand.” In addition to new and used vehicle sales, Blossom is a leading GM wholesale parts distributor and has established one of the largest and most technologically-advanced, full-service repair and collision centers in the Midwest.

CHALLENGE

Though Blossom remained profitable during the GM bankruptcy, its then current lender opted to exit the automotive industry and would not renew the company’s term loan and revolving credit facility.

SOLUTION

Hunting Dog Capital provided a senior-secured term loan secured by 100% of the company’s assets. At closing, the estimated loan-to-value was approximately 60%. The loan was repaid in full in approximately 28 months. The two owners retained 100% ownership of the business.

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Tuff Shed

Headquartered in Denver, CO, Tuff Shed is one of the largest domestic manufacturers of wooden storage buildings, garages and larger building shells. The company sells its products directly to consumers and through The Home Depot.

CHALLENGE

In 2009, the company dramatically reduced its operating expenses to regain profitability after a large drop in revenue over the prior two years. Despite the improvement, the company’s longstanding lender, which had decided to reorient its focus on larger companies, was unwilling to renew its revolving line of credit.

SOLUTION

Hunting Dog Capital provided a senior-secured term loan secured by 100% of the company’s assets. At closing, the estimated loan-to-value was approximately 40%. The loan was repaid in full in approximately 31 months. The founder and CEO retained 100% ownership of the business.

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Columbia Pacific Bio-Refinery

Columbia Pacific Bio-Refinery is a 108 million gallon per year ethanol plant that is located in the Pacific Northwest and was constructed in 2006. The plant was acquired by a privately-held engineering firm (the “Parent”) with deep investment experience in industrial and renewable assets, through a bankruptcy auction.

CHALLENGE

The Parent required a working capital loan to restart production and demonstrate the plant is capable of operating at its specified capacity before selling the facility. Despite two successful performance tests, the plant had not produced ethanol in three years, which made it difficult to secure a traditional loan.

SOLUTION

Hunting Dog Capital provided a senior-secured term loan secured by 100% of the company’s assets and a corporate guarantee from the Parent. At closing, the estimated loan-to-value was approximately 20%. The loan was repaid in full in approximately 9 months.The Parent successfully demonstrated the plant’s production capabilities and sold the plant for a meaningful gain.

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Atlantic Metro Communications

Founded in 2007 and headquartered in Parsippany, New Jersey, Atlantic Metro Communications operates in the Infrastructure as a Service (“IaaS”) industry. The company provides colocation, cloud and managed services to customers nationally.

CHALLENGE

The company sought capital to fund a strategic acquisition that would expand the company’s market share in the mid-Atlantic region. Though the company had a line of credit with a bank, it did not have capacity to complete the acquisition with internally generated cash flow combined with the line of credit.

SOLUTION

Hunting Dog Capital provided a senior-secured term loan secured by 100% of the company’s assets. The loan was provided expeditiously which enabled the company to complete the acquisition. The owners retained 100% ownership of the business.

SELECT TRANSACTIONS

COMPANY

HEADQUARTERS

INDUSTRY

Atlantic Metro Communications II, LLC
Parsippany, NJ
Infrastructure as a Service

Atlantic Metro Communications provides colocation, cloud and managed services nationally.

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Blossom Chevrolet, Inc.
Indianapolis, IN
Automotive

Blossom Chevrolet is a new and used car dealer, recognized by GM as "one of its key dealers for the Chevrolet Brand."

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Calpian
Dallas, TX
Mobile Payments

Headquartered in Dallas, TX, Calpian acquires monthly, recurring residual income streams from independent sales organizations.

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Cascade Kelly Holdings, LLC
Clatskanie, OR
Industrial Services

Cascade Kelly Holdings, dba Columbia Pacific Bio-Refinery, is a 108 million gallon per year ethanol plant located in the Pacific Northwest.

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EZ Own Auto Source, LLC
Scottsdale, AZ
Automotive

EZ Own Auto Source manages a fleet of rent-to-own vehicles in the Phoenix area.

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Inca Refining, LLC
St. James, LA
Energy

Inca Refining was organized for the acquisition, rehabilitation and operation of a low complexity, U.S. Gulf Coast located oil refinery.

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Innovative Building Systems, LLC
Harrisburg, PA
Manufacturing

Headquartered in Harrisburg, PA, Innovative Buildings Systems manufactures modular residential and commercial structures.

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iWin, Inc.
San Francisco, CA
Online Gaming

iWin is an online developer, publisher and distributor of casual games for the mass market.

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Lectrus Corporation
Chattanooga, TN
Business Services

Lectrus is a provider of electrical systems integration services and designer and manufacturer of custom, large-scale metal enclosures.

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Headlands Ventures, LLC
San Francisco, CA
Specialty Retail

Headlands Ventures, dba Mike’s Bikes, offers bicycle sales and repair services at locations throughout the San Francisco Bay Area and Sacramento.

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Neos Therapeutics, LP
Grand Prairie, TX
Pharmaceutical

Neos Therapeutics is principally engaged in proprietary formulation development and contract manufacturing of pharmaceutical, medical food and dietary supplement products.

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OGM Limited
Columbus, OH
Energy

OGM Limited, dba Clean Water Limited, is a processor of hazardous and non-hazardous industrial wastewater.

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Pawn Plus, Inc.
Broomall, PA
Consumer Finance

Pawn Plus operates retail-based pawn stores located in Pennsylvania and Ohio.

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Pet Brands, Inc.
Columbus, OH
Consumer Staples

Pet Brands is a producer of branded and private label dog and cat treats, toys and accessories.

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RoboToolz, Ltd.
Mountain View, CA
Technology

RoboToolz develops cost effective, portable position and proximity measurement tools by employing advanced optical, laser and electronic technologies.

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SLIC Network Solutions, Inc.
Nicholville, NY
Telecommunication Services

SLIC was formed as one of the first independent internet service providers in Northern New York offering high-speed broadband, voice and cable services to residential customers.

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Tuff Shed, Inc.
Denver, CO
Manufacturing

Tuff Shed is the largest domestic manufacturer and installer of wooden storage buildings, garages and larger building shells.

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World Business Capital, Inc.
Hartford, CT
Financial Services

World Business Capital is a private, commercial-finance company that originates and services loans that help small and midsize businesses compete in emerging markets.

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