Mosaic Capital Partners has completed its fourth investment after structuring and funding the leveraged employee stock ownership plan buyout of Linxx Global Solutions.
Linxx Global Solutions is a provider of training, security, information assurance, and program management services to various government agencies including the Department of Defense, the National Aeronautics and Space Administration, the Department of State and the Department of Homeland Security. Linxx was founded in 2006 and is headquartered in Virginia Beach, VA (www.linxxglobal.com).
“Our team at Mosaic was honored to be selected as a partner to the management and employees of Linxx in its transition to employee ownership,” said Mosaic Partner William Hayes. “In a competitive process that included strategic buyers, our experience and knowledge of ESOPs allowed us to structure the transaction in such a way that we delivered significant value to the founder and created the opportunity for management and employees to build long-term wealth.”
Mosaic Capital Partners invests mezzanine debt and equity in lower middle-market companies that have revenues of at least $10 million. The firm has a specific expertise with transactions involving employee stock ownership plans. Sectors of interest include business services; chemicals; consumer products; environmental services; food & beverage; healthcare; distribution; material handling; niche manufacturing; and third-party logistics. Mosaic Capital is affiliated with St. Louis-based merchant bank Butcher Joseph & Co. (www.butcherjoseph.com) and is headquartered in Charlotte (www.mosaic-cp.com).
“The Linxx management team’s extensive service in the special operations community during their military careers and post-service experience in the training and security services fields since the founding of the company in 2006 have resulted in a successful company that is extremely well positioned to capitalize on substantial near-term growth opportunities,” said Mosaic partner Dabney Smith.
Additional senior debt and mezzanine financing was provided by BB&T (www.bbt.com) and Salem Investment Partners (www.salemip.com).
The McLean Group (www.mcleanllc.com) served as Linxx’s financial advisor.
© 2015 PEPD • Private Equity’s Leading News Magazine • 4-28-15
