Jacobson Paint Finishes and its parent company, Heiden in Wisconsin, have received a significant investment from Lutherville, Md.-based Parkway Capital, a mezzanine unit of Calvert Street Investment Partners.
Founded in 1958 and headquartered in Manitowoc, WI, Heiden provides custom metal fabrication services, including welding, laser cutting, stamping, drilling, bending, and assembly. Its subsidiary, JPF, provides industrial wet paint, powder coat, and media blasting.
JPF provides painting and finishing for metal fabricators, foundries, machining, and plastics industries. Finishing services include coating, plating, silk screening, grinding, and light assembly.
The JPF process starts with a 5-stage wash station. It has a conveyorized line for parts up to 26 inches by 64 inches and a large batch oven for parts 12 feet by 12 feet by 35 feet.
JPF qualifies as Woman Owned (Minority) Business and is compliant with ISO as well as implementing 5S for lean workplace organization. For more information visit the Jacobson Paint Finishes website.
Parkway Capital makes mezzanine debt and minority equity investments of between $3 million and $12 million per transaction. Typically, it invests in companies with $10 million annual revenue and $2 million EBITDA. Since its inception, Parkway Capital has invested over $500 million. It has a portfolio of over 70 companies spanning manufacturing, distribution, consumer products, business and industrial services, and healthcare.
