CHARLOTTE, N.C., Jan. 29, 2019 (GLOBE NEWSWIRE) -- Capitala Group (“Capitala” or the “Company”) announced today
that it recently invested a combination of senior secured debt and equity totaling $30.0 million to support Westshore Capital
Partners in its acquisition of Reliant Account Management, LLC (“RAM”), a specialized independent third party payment processor and
trust accounting company.
Headquartered in Knoxville, Tennessee, RAM provides a reliable bridge between companies for accurate and secure
commercial transactions and delivering the highest standard of professional excellence for companies in the debt relief, legal and
medical industries.
About Capitala Group
Capitala Group is a $2.7 billion asset management firm that provides capital to lower middle market businesses
throughout North America. Capitala’s lower middle market credit 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). Capitala’s growth fund equity
strategy targets control and minority equity investments, typically coupled with credit investments, in lower middle market
companies with less than $50 million in enterprise value through both SBIC (CapitalSouth SBIC Fund IV, L.P.) and non-SBIC
closed-end funds. Capitala Group has invested in over 150 companies since its inception in 1998 and seeks to partner
with strong management teams to create value and achieve optimal outcomes for its investors. For more information, visit our
website at www.CapitalaGroup.com.
About Westshore Capital Partners
Headquartered in Tampa, Florida, Westshore is a private investment firm established for the sole purpose of
bringing long-term equity capital to small and medium sized businesses. With more than 25 years of investment experience and
35 investments within more than 20 industries, Westshore brings not only capital to fund owner recapitalizations and management
buyouts, but the experience and insight that few investment groups have to offer.
Contacts:
Steve Arnall
CFO | Investor Relations
sarnall@capitalagroup.com
Katina Jakubowski
Marketing | Communications
kjakubowski@capitalagroup.com
SOURCE: Capitala Finance Corp.
