CapitalSouth SBIC Fund IV, L.P. announced it recently invested $5.8 million in Stadium Consolidation, LLC in a combination of subordinated debt and preferred equity.
Headquartered in Minneapolis, MN, Staging Concepts is a manufacturer of staging and seating risers, acoustical products, and railing products for sports stadiums, performing arts facilities, and live event venues. The company also manufactures modular and custom stainless steel railings systems and fabricates aluminum rails for commercial high-rise construction projects.
CapitalSouth Growth Fund’s investment will help the company’s next phase of growth.
CapitalSouth Growth Fund and its CapitalSouth Partners predecessors were founded as early as 1998 to provide financial solutions to lower middle-market companies. The CapitalSouth Growth Fund invests in mature companies, making debt and equity investments typically between $2 million and $10 million and invests in a variety of industries throughout the United States.