BIG IDEAS FOR SMALL COMPANIES

1st Quarter 2024 at a Glance

3

NEW PLATFORM INVESTMENTS

13

FOLLOW-ON INVESTMENTS

10

$3.4M

MEDIAN EBITDA

ALL CLOSED DEALS


New Partnerships

January-March 2024

Headquartered in Chandler, AZ, ArmorWorks develops and manufactures advanced survivability solutions including vehicle and aircraft armor systems, blast attenuating seating systems, and high value asset security systems.

Headquartered in Midlothian, TX, Commercial Truck and Trailer Parts (CTTP) and M&R Manufacturing and Supply, is a national distributor of aftermarket parts for the U.S. heavy-duty truck and trailer industry and manufacturer of intermodal chassis.

Headquartered in Boise, ID, Heritage Imaging is a provider of diagnostic imaging services to customers in underserved markets in the Midwest and Pacific Northwest. The majority of the company's revenue is generated from full-service mobile imaging solutions, which includes providing both equipment and technicians to perform on-site at customer locations, as well as standalone technician staffing and equipment rentals.

13 follow-on investments into current platforms to support our partnerships.

Get In Touch

Please reach out to our Originations team with new deals. We would love to hear from you!

Cameron Coley, Principal

ccoley@plexuscap.com

919-256-6353

Mike Becker, Partner

mbecker@plexuscap.com 919-256-6342

Jay Jester, Partner

jcjester@plexuscap.com

919-780-5093

About Plexus*

With offices in Raleigh and Charlotte, North Carolina, Plexus has raised over $2.2 billion across seven funds that have allowed us to:

  • Deploy over $2.2 Billion
  • Fund 177 Platform Investments
  • Partner with 87 Current Portfolio Companies
  • Focus on the lower middle market with a median EBITDA at close of $3.4 million

Plexus invests debt and/or equity to fund growth, acquisitions, leveraged buyouts, management buyouts, and recapitalizations. Prospective portfolio companies have strong management teams, positive cash flow, large market opportunities, and need capital to execute their business plans.


Investment Criteria

Geography

Nationwide


Investment Size

Up to $40 million per platform

Can co-invest for larger amounts


Investment Types

Subordinated Debt

Equity (Majority or Minority)

Characteristics

Up to $150 million Revenue

Up to $15 million EBITDA

Strong Market Dynamics

Sustainable Positive Cashflow

Committed Management

Proven Business Strategy


Use of Proceeds

Acquisitions

Growth

Leveraged Buyouts

Recapitalizations

Management Buyouts

Minority Recapitalizations



Raleigh Office

4242 Six Forks Road, Suite 950

Raleigh, NC 27609


919-256-6340

Charlotte Office

200 Providence Road, Suite 103 Charlotte, NC 28207


704-927-6245

This email is intended solely for the addressee(s) and may not be distributed to any other parties. Deal information presented herein is for illustrative purposes only and has been selected in order to provide recent examples of the types of investments made by Plexus Capital, LLC (“Plexus”) and does not purport to be a complete list thereof. There can be no assurance that similar investments will be available to any Fund offered by Plexus and that Plexus will be able to implement its strategy to achieve its investment objectives. Additionally, the information contained herein is not complete, and does not contain certain material information about any fund managed by Plexus, including important disclosures and risk factors, and is subject to change without notice. This is not an offer to sell, or a solicitation of an offer to purchase any fund managed by Plexus. Such an offer will be made only by an Offering Memorandum, a copy of which is available to qualifying potential investors upon request. As Plexus’ focus is on current positions, we naturally have a constructive bias to the deal information presented and investors must make their own decisions based on their specific investment objectives and financial circumstances. The investments discussed may not be suitable for all investors and involve the risk of loss. Deal information presented is not being shown to highlight those that have performed well but are presented to display recent examples of the types of investments made by Plexus. The performance of deals discussed herein will be judged with time. A complete list of portfolio companies may be found here

*Above figures as of 03/31/2024

Plexus Capital

4242 Six Forks Road, Suite 950

Raleigh, NC 27609

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