TWV Capital Management has closed a $3.5 million investment by Texas Women Ventures Fund II, LP and Texas Women Ventures Fund-Side, LP (“TWV”) in Signature Contracting Services, LLC (“Signature”). The closing took place on June 12, 2014.
Signature provides construction and infrastructure services to governmental entities as well as large construction and engineering firms. Signature has provided services on large infrastructure projects including the El Paso Border Fence, Dallas Fort Worth International Northgate Connector, Chalmette Levee Restoration, San Antonio River Walk Expansion and DART Orange Line Expansion. Other customers include governmental entities as well as large construction and engineering firms. Signature’s capabilities and services include construction, erosion control, fencing, landscaping and infrastructure maintenance. Signature is qualified as a DBE, WBE and HUB. The company also provides direct landscape and maintenance services to governmental entities, including irrigation services, landscape services and right of way mowing. The Signature team is led by Marsha Newberry, William Propes and Corey Tompkins. The company was formed in 2006 and is based in Grand Prairie, TX (www.signaturellc.org)
“This funding from TWV will allow our company to grow and fulfill the numerous, sizable opportunities which we have been awarded,” said Marsha Newberry, Majority Owner of Signature. “Importantly, we will be able to draw from the expertise of our TWV Capital advisors to adopt the businesses processes that will allow our company to scale rapidly and handle increasingly complex contracts.”
“We have been seeking investments in infrastructure services companies for some time and are pleased to partner with Signature’s management team. We are confident in Signature’s abilities to help satisfy the growing infrastructure demands in Texas and the Southwest resulting from increasing population and economic activity,” said Greg O’Shea, Managing Director of TWV Capital.
TWV Capital provides growth capital through capital solutions to private companies with inclusive management teams and ownership, and that wish to continue to fulfill their mission to invest in gender inclusive companies.
The firm’s investment crtiteria is as follows:
- Women-owned or women-led business
- Located in Texas or the Southwest
- Growing, with revenues between $10 million and $100 million
- A profitable business with positive cash flow
- Solid management and financial controls in place
- Searching for an experienced team of trusted advisors
- Seeking at least $1 million in growth capital
TWV Capital is unique in that they leave ownership and control with the current owners and management team. In addition to providing capital, TWV Capital offers an experienced team of over 100 industry and functional experts, entrepreneurs, and seasoned professionals who serve as trusted advisors and resources for portfolio companies. TWV Capital is based in Dallas (www.twvcapital.com).
2014 PEPD • Private Equity’s Leading News Magazine • 7-1-14