May 3, 2018 - Greenville, SC - Route 2 Capital Partners ("R2CP"), a private investment firm, is pleased to announce the initial closing of Route 2 Capital Partners SBIC, L.P. (the "Fund") and its licensure as a Small Business Investment Company (“SBIC”). R2CP was founded in 2017 by a senior team of investment professionals and is led by Scott Kester, Patrick Weston, Jay White, and Spalding White. R2CP provides $3 - $15 million of flexible mezzanine and equity financing to lower middle market operating companies, primarily in the southern U.S. The firm maintains offices in Charleston and Greenville, South Carolina.
"We are excited to announce the closing of our new investment vehicle and appreciate the confidence our limited partners have placed in us. We are fortunate to have outstanding support from a diverse base of institutions, banks, family offices, and high net worth investors,” says Patrick Weston.
Jay White adds, “We are pleased to be licensed as the only SBIC in South Carolina, and our complementary partnership with the U.S. Small Business Administration allows R2CP to provide much needed capital to the underserved lower middle market in the South. We are confident that our team, experience, and disciplined approach will allow us to successfully partner with management teams and equity sponsors to build great companies in our footprint.”About Route 2 Capital Partners
R2CP is a private investment firm providing flexible junior capital solutions to lower middle market companies, primarily in the southern U.S. The firm’s partners possess over 100 years of combined investment, transactional, and operational experience. R2CP seeks to invest in established companies with minimum annual revenues and EBITDA of $10 million and $2 million, respectively, that generate predictable and profitable cash flows. R2CP's investment proceeds will be used to execute growth and expansion plans, support business recapitalizations, and facilitate management buyouts. R2CP reviews opportunities in niche manufacturing, business and healthcare services, and specialty distribution. For more information, visit www.route2capital.com.