England Securities, LLC recently served as the exclusive placement agent to Catalyst OrthoScience Inc. in its $12.7 million Series C-1 financing.
New York, NY, June 6, 2018 – England & Company served as the exclusive financial advisor to 1-800-Pack-Rat, LLC (“Pack-Rat”), a national provider of portable storage and comprehensive logistics solutions, in its strategic merger with Zippy Shell Incorporated (“Zippy Shell”), a portfolio company of Virgo Investment Group (“Virgo”).
After having served as Pack-Rat’s financial advisor in numerous private financings over the last five years, England was engaged by Pack-Rat to evaluate strategic options, culminating in its merger with Zippy Shell. The transaction, which was backed by a Virgo-led investor group, closed on June 4, 2018. Financial terms of the transaction were not disclosed.
“We are extremely pleased with the outcome of this transaction. This investment by Virgo is perfectly suited to meet our needs as we continue to invest in geographic expansion and customer service initiatives. The timing could not be better and by bringing together our collective capabilities and skills we expect to accelerate our growth while maintaining a commitment to exceptional customer service,” said Robert Poirier, President and Chief Executive Officer of Pack-Rat.
Founded in 2002 and headquartered in Wake Forest, NC, Pack-Rat provides portable moving and storage solutions and comprehensive logistics services to its nationwide base of residential and commercial customers. Pack-Rat has a network of 71 warehouse facilities, reaching a total addressable domestic market of 240 million consumers.
About Zippy Shell
Zippy Shell, founded in 2009, is one of the fastest growing providers of portable moving and storage solutions in the U.S. The company has grown to over 47 branch locations including 6 company-owned branches and 41 franchise branch locations throughout the country.
About VIRGO Investment Group
Virgo is a private investment firm based in Burlingame, CA. Founded in 2009, Virgo has invested over $1 billion completing 48 investments to date.
About England & Company
With offices in Houston, New York, and Washington, DC, England & Company is an independent investment banking and advisory boutique dedicated to serving middle-market companies. Since its founding in 2003, the firm has provided comprehensive advice on mergers and acquisitions, private capital raising, financial restructuring, fairness opinions, and other strategic initiatives to the executive teams, boards of directors, and financial sponsors of public and private companies.
Investment banking services are provided by England Securities LLC, a registered broker-dealer and member of FINRA and SIPC.
December 2012 - England & Company, a Washington, DC-based middle market merchant bank, announced today that Craig MacKay has joined the firm as a partner, Managing Director and head of its newly established New York office. MacKay, formerly head of private finance at Oppenheimer & Co., will expand England Securities' efforts to raise growth capital for private companies in selected industries, including Energy & Infrastructure Technology, Financial Services, Healthcare, and Information Technology & Business Services. In the span of his 20-plus year banking career, MacKay has originated, structured and/or syndicated more than $9 billion of institutional private capital for middle market companies.
"The importance of the private capital markets has grown exponentially as the middle market has been effectively shut out of the public markets," said Craig England, CEO of England & Company. "Craig MacKay brings a wealth of experience working with a broad cross-section of fund managers, institutional investors and financial institutions in raising growth capital for private companies. We're delighted to welcome him to the team as we continue to expand both our geographic footprint and our investor relationship universe for clients across all of our industry sectors."
"England & Company has a stellar reputation as a trusted advisor and a proven track record of executing transactions under a variety of market conditions," said MacKay. "I look forward to leveraging my particular expertise in crafting and executing private capital transactions to provide our clients with creative solutions that help them achieve their strategic objectives. England's approach to client work is distinguished by the team's unique blend of advisory expertise, coupled with direct investment and operating experience. I believe our expansion in New York will introduce our brand of thoughtful execution to a host of new clients."
MacKay previously served as a managing director and head of private finance at Oppenheimer & Co. (formerly CIBC World Markets), which closed 20 transactions aggregating nearly $2 billion in financings under his leadership. Prior to Oppenheimer, he was a managing director and head of private finance at SunTrust Robinson Humphrey, where he led his group to close over 25 transactions aggregating approximately $2.8 billion in proceeds. Before joining SunTrust, MacKay was the founder and managing member of HNY Associates, a New York-based merchant banking boutique. HNY completed numerous advisory transactions and acquired two business services platforms through its direct investment affiliate HNY Holdings.
MacKay received his BS in Economics and MBA in Finance from the Wharton School of the University of Pennsylvania. He currently serves on the board of the Federation of Protestant Welfare Agencies, where he is First Vice Chairman, and has served as an Adjunct Professor of Finance teaching mergers and acquisitions at the Stillman School of Business of Seton Hall University.