F.N.B. Capital Corporation
2011
- 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 Provides $5.0MM of Acquisition Capital to Celtic Healthcare, Inc.
- PDF Available
- January 14, 2011
- Pittsburgh, PA – January 14, 2011 – F.N.B. Capital Corporation, LLC, a Pittsburgh-based merchant banking subsidiary of F.N.B. Corporation (NYSE : FNB), today announced the closing of $5.0MM in funding for Celtic Healthcare, Inc., based in Mars, Pennsylvania. Celtic Healthcare is a leading regional full-continuum home healthcare and hospice services provider. The cash infusion provided by F.N.B. Capital Corporation will be used to complete Celtic’s acquisition of Hospice Community Care in Scranton, PA. This acquisition expands Celtic’s geographic presence in Eastern Pennsylvania and enhances the hospice services throughout Celtic’s operating footprint.