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LANSING, MICHIGAN, Jun. 23, 2006 – SGA Production Staging, Inc., a leading, nationwide provider of niche rental services to the corporate, sporting and entertainment event marketplace, announced today the successful closing of a recapitalization led by Hadley Capital, LLC. Financial terms of the transaction were not disclosed.
Hadley was joined in the recapitalization by Eagle Fund I, L.P., an SBIC fund managed by Bush O’Donnell Capital Partners, and Excel Bank of Minneapolis.
"We are excited about our partnerships with Hadley, Bush O’Donnell and Excel Bank. With these partners, SGA is financially positioned to continue adding to our growing list of customers," said Tom Hilton, President of SGA.
SGA is a leading, nationwide provider of niche rental services to the corporate, sporting and entertainment event marketplace. SGA uses first-class audience risers, seating, stages, multilevel integrated floors and production scaffolding to design structures that meet the specific need of each event. SGA then delivers and installs this equipment.
"SGA is a national leader in rental services for the event marketplace and represents the optimal investment mix for us," said Scott D. Fesler, Principal at Bush O’Donnell Capital Partners. "The SGA management team has significant domain expertise, the company’s services alleviate real pain their customers experience daily, and SGA is a market leader."
The company will utilize the new capital to increase its sales and marketing efforts within and beyond the current industry focus.
About SGA
SGA is a leading, nationwide provider of niche rental services to the corporate, sporting and entertainment event marketplace. The Company uses first-class audience risers, seating, stages, multilevel integrated floors and production scaffolding to design structures that meet the specific need of each event. SGA then delivers and installs this equipment.
About Bush O'Donnell
Bush O'Donnell is a holding company headquartered in St. Louis with interests in investment management, insurance, manufacturing and private equity investments. Since 1988 its principals have been investing in a wide range of publicly and privately owned businesses. One of Bush O’Donnell’s wholly owned subsidiaries, Bush O’Donnell Capital Partners, manages Eagle Fund I, L.P., a Small Business Investment Company with committed capital of $75 million. Eagle Fund invests from $1 million to $4 million in the mezzanine debt and equity securities of companies with compelling business plans.
About Hadley Capital
Hadley Capital is a Chicago based private equity firm that invests in or purchases established profitable, smaller, old-economy companies. Hadley Capital frequently works in conjunction with mezzanine providers like Bush O'Donnell.
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