Realpoint LLC
Realpoint, LLC, offers an unparalleled mixture of data, analysis, original research, and an unbiased opinion on the Commercial Mortgage Backed Securities (CMBS) market. Through its experienced team of CMBS analysts, Realpoint provides in-depth analytical bond reports, deal summary reports, watchlists, original research reports, and the ability to drill-down and stratify a portfolio in any way a client desires.
In November 2007, F.N.B. Capital Corporation provided mezzanine financing to complete the management buyout of Realpoint, a business unit within Capmark Investments, L.P. (formerly GMAC Commercial Holding Corp.). The management buyout was led by Realpoint founder and C.E.O. Rob Dobilas. Read more about this transaction.
On March 19, 2010, Realpoint, LLC entered into a definitive agreement to be acquired by Morningstar, Inc. (NASDAQ: MORN) for $52 million. F.N.B. Capital Corporation successfully exited its investment when Realpoint, LLC completed its transaction with Morningstar, Inc. on April 30, 2010.
Innovative Concepts in Entertainment, Inc.
Innovative Concepts in Entertainment, Inc. (ICE) is the leading manufacturer of coin-operated amusement games in North America. Founded in 1982, ICE is best known for its SuperChexx "bubble hockey" game, and has experienced significant success with highly popular ticket redemption games, including: Cyclone, ICE Ball, Monopoly, Wheel of Fortune, NFL 2-Minute Drill, NBA Hoops and Deal or No Deal. The Company's games and amusements can be found globally at family entertainment centers, location-based entertainment centers, and various other venues. Under the direction of founder and President Ralph Coppola, ICE has developed from a single-product company to an industry leader, with the most complete product line of coin-operated games and a global distribution channel. F.N.B. Capital provided $5MM mezzanine financing to assist Mr. Coppola and his management team in reacquiring 100% of ICE's stock. Additional information can be obtained by visiting the Company's website at www.icegame.com. Read more about this transaction.
F.N.B. Capital Corporation was successfully recapitalized out of the transaction in November 2010.
MLP Steel, LLC d.b.a. Marwas Steel Company
MLP Steel, LLC d.b.a. Marwas Steel Company is one of the area’s leading manufacturers and fabricators of specialty steel wire and rod products for use in a variety of end markets such as industrial construction, roads & infrastructure, mining, transportation, automotive, aviation, and consumer products. Marwas operates two distinct divisions: Fayette Steel Company, which manufactures various types of cold drawn rod (i.e. “heavy wire") in round, hexagon, square, and flat configurations from wire stock, and Laurel Steel Products Company, which manufactures various types of standard and specialty grating, such as heavy duty steel bar grating used in a variety of industrial applications, walkway grating, and roadway inlet frames and grates. F.N.B. Capital provided capital financing for the purchase of Marwas Steel Company of Scottdale, PA by MLP Steel, LLC. The purchase was led by James Philipkosky of MLP Capital Partners, LLC. The Company will remain local and will continue to be led by C.E.O. and local steel company veteran Jeff Pfeifer. Fayette Steel employs 34 at its Scottdale, PA location, while Laurel Steel, located in Everson, PA employs 38. Additional information can be obtained by visiting the Company's website at www.marwas.com. Read more about this transaction.
F.N.B. Capital Corporation successfully exited the partnership with MLP Steel in May 2011 as part of a refinancing.
Viking Plastics, Inc.
Viking Plastics, Inc. manufactures, through an injection molding process, charge port caps and other plastic components for the under-the-hood automotive market as well as plastic products for industrial and commercial HVAC applications. Viking Plastics, a global supplier of engineered, injection molded and assembled sealing solutions and plastic fasteners, provides to customers an unbeatable combination of advantages through competitive pricing, quality, engineering, technology and delivery. F.N.B. Capital Corporation, LLC, provided the mezzanine debt necessary to complete the acquisition of the assets of Viking Plastics, Inc., by VPI Acquisition Corp and the acquisition of CP Plastics Group. The CP Plastics Group added a complete plastic fastener line to Viking's product lineup, and further augmented Viking’s extensive custom molding capabilities.Additional information is available at the Company's website www.vikingplastics.com. Read more about this transaction.
F.N.B. Capital was successfully refinanced out of its position in September 2011.
Remote DBA Experts, LLC
Remote DBA Experts, LLC, based in Pittsburgh, Pennsylvania, is a leading provider of high-quality, customized remote database administration services to client organizations throughout the United States. The Company’s database management services include database design and creation, configuration, security and connection management, proactive monitoring utilizing proprietary technology tools and backup recovery planning, testing and tuning. The Company also provides database problem determination and correction, space management security administration/maintenance, schema object creation/management and consultation support. F.N.B. Capital Corporation provided mezzanine debt capital to facilitate the leveraged spinout of Remote DBA Experts from parent company, Contemporary Technologies, Inc. The capital will also support the continued growth and expansion of Remote DBA Experts, enabling the Company to expand its focus, resources and expertise in providing mission-critical remote database management and support to an even broader client base. To learn more about this Company, please visit their website at www.remotedbaexperts.com. Read more about this transaction.
F.N.B. Capital was successfully recapitalized out of this investment during October 2011.