News

F.N.B. Capital Corporation Successfully Exits Local Pittsburgh Investment
PDF Available
November 10, 2011
Pittsburgh, PA – November 10, 2011 - F.N.B. Capital Corporation, a Pittsburgh-based merchant banking subsidiary of F.N.B. Corporation (NYSE : FNB), today announced the successful exit of a mezzanine financing transaction with Remote DBA Experts, LLC, a leading Pittsburgh, PA-based provider of remote database management services.
F.N.B. Capital Corporation Successfully Exits MLP Steel Investment
PDF Available
June 16, 2011
Pittsburgh, PA – June 16, 2011 – F.N.B. Capital Corporation, LLC, a Pittsburgh-based merchant banking subsidiary of F.N.B. Corporation (NYSE : FNB), today announced that it successfully exited its investment in the Scottdale, PA-based MLP Steel, LLC. In January 2008, F.N.B. Capital Corporation provided capital to Jim Philipkosky of MLP Capital Partners, LLC when he led a change of control transaction to purchase MLP Steel, formerly known as Marwas Steel Company. Despite uncertain economic times, MLP Steel has performed well over the past three years, as evidenced by the company’s successful outcome.
F.N.B. Capital Corporation Invests in Acquisition of Paragon Asset Recovery Services, Inc.
PDF Available
May 12, 2011
Pittsburgh, PA – May 12, 2011 – F.N.B. Capital Corporation, LLC, a Pittsburgh-based merchant banking subsidiary of F.N.B. Corporation(NYSE : FNB), today announced an investment in Paragon Holding Corporation (Paragon) to facilitate its purchase of Paragon Asset Recovery Services, Inc. from a publicly traded company. F.N.B. Capital Corporation’s investment supports the acquisition led by Joseph Warnagiris, Paragon’s Chief Executive Officer. Additional capital was provided to fund future growth initiatives. Paragon, based in Coraopolis, PA, is a specialty services firm with a focus on identification, billing and recovery of third party deductibles and subrogation on behalf of large property and casualty commercial insurance companies.
F.N.B. Capital Corporation Funds $3.0MM to Cadence Capital Management
PDF Available
December 15, 2010
Pittsburgh, PA – December 17, 2010 – F.N.B. Capital Corporation, a Pittsburgh-based merchant banking subsidiary of F.N.B. Corporation (NYSE : FNB), today announced the closing of $3.0 million in mezzanine financing with Boston-based Cadence Capital Management, LLC, an investment management firm specializing in actively managed domestic equities. The mezzanine funding provided by F.N.B. Capital Corporation will be used to refinance Cadence Capital Management’s existing balance sheet and allow the company to pursue growth initiatives.
F.N.B. CAPITAL CORPORATION PROVIDES MEZZANINE FINANCING TO PITTSBURGH COMPANY
PDF Available
July 06, 2010
Pittsburgh, PA – July 6, 2010 - F.N.B. Capital Corporation, a Pittsburgh-based merchant banking subsidiary of F.N.B. Corporation (NYSE : FNB), today announced the closing of a mezzanine financing transaction with Remote DBA Experts, LLC, a Pittsburgh, PA-based provider of remote database management services. The mezzanine financing provided by F.N.B. Capital Corporation will be utilized to facilitate the leveraged spinout of Remote DBA Experts from parent company, Contemporary Technologies, Inc. F.N.B. Capital Corporation’s investment will also be utilized to pursue strategic growth opportunities that leverage Remote DBA Experts’s position as a leading provider of remote database services.
F.N.B. Capital Corporation Successfully Exits Realpoint Investment
PDF Available
May 04, 2010
Pittsburgh, PA – May 4, 2010 – F.N.B. Capital Corporation, a Pittsburgh-based merchant banking subsidiary of F.N.B. Corporation (NYSE: FNB), today announced the successful exit of its $3.5 million mezzanine financing with Realpoint, LCC, a Nationally Recognized Statistical Ratings Organization (NRSRO) that specializes in structured finance. F.N.B. Capital Corporation completed the $3.5 million investment with Realpoint, LLC in November 2007. On March 19, 2010 Morningstar, Inc. (Nasdaq:MORN), a leading provider of independent investment research, entered into a definitive agreement to acquire Realpoint, LLC for $52 million. The transaction closed on April 30, 2010.
F.N.B. Capital Corporation Provides $6.5 MM Mezzanine Financing to Ashton Potter
PDF Available
April 08, 2010
Pittsburgh, PA – April 8, 2010 – F.N.B. Capital Corporation, a Pittsburgh-based merchant banking subsidiary of F.N.B. Corporation (NYSE – FNB), today announced the closing of a $6.5 million mezzanine financing with Ashton Potter Security Printing, a high security printing company based in Buffalo, NY. The mezzanine investment provided by F.N.B. Capital Corporation will be used to refinance the existing balance sheet and allow Ashton Potter to pursue growth opportunities which leverage its best-in-class secure printing capabilities.
F.N.B. Capital Corporation Provides $10M In Mezzanine Financing To B.J. Alan Company, Inc.
PDF Available
November 05, 2009
F.N.B. Capital Corporation, a Pittsburgh-based merchant banking subsidiary of F.N.B. Corporation (NYSE – FNB), is pleased to announce the closing of a $10 million mezzanine financing investment in The B.J. Alan Company, a Youngstown, Ohio based distributor of consumer fireworks. The mezzanine financing provided by F.N.B. Capital Corporation will be invested to expand the Phantom Fireworks brand, allow for further business growth and to assist with the seasonal nature of the business.
For Immediate Release - Tri-Tech, Inc.
December 04, 2008
F.N.B. Capital Corporation provides mezzanine financing to support Point Lookout. Capital Partners in acquiring Tri-Tech,Inc. A Leading Manufacturer & Distributor of Law Enforcement & Forensic Crime Scene Investigation Products.
For Immediate Release - ICE
June 12, 2008
F.N.B. Capital Provides Financing to Support Management Buy-Back of Innovative Concepts in Entertainment. Market Leading Manufacturer and Distributor of Coin-Operated Amusement Games.

News Channel RSS