Patriot Capital is pleased to announce a subordinated debt and equity investment in Union Corrugating Company. Patriot's investment, alongside senior debt from PNC Business Credit, supported Industrial Opportunity Partners' acquisition of Union in partnership with the Company's current management team.

Union, headquartered in Fayetteville, NC, is a manufacturer and distributor of metal roofing systems and roofing components. The Company is a leading supplier to the residential, agricultural, and commercial roofing end markets. From 11 production facilities throughout the United States, Union serves more than 1,200 commercial customers, including home centers, lumber retailers, wholesalers, and contractors.

About Patriot Capital

Patriot Capital is a leading source of growth capital for middle-market companies seeking to finance business expansion, acquisitions, management buyouts or balance sheet recapitalizations. Patriot Capital is focused on debt capital and minority equity investments. Our senior deal professionals each have over 20 years of diverse corporate finance experience. We provide companies with capital and seasoned business judgment for transactions.

Patriot Capital utilizes a disciplined investment strategy developed over many years that focuses on capital preservation, consistent earnings growth and income generation. Patriot Capital has invested in and managed companies successfully through varying periods of economic expansion and contraction. We understand and employ successful strategies and tactics needed to guide our companies through these periods.