Released on June 9, at the time of writing “World Class Sinner / I’m A Freak” has been played more than 7.5 million times on Spotify and has 2.7 million views on YouTube. ![]() It is, of course, that terrible song from that terrible show The Idol, and while it’s impossible to quantify how many people have it stuck on repeat in their brains, the streaming numbers suggest I’m far from alone. Aldine's success is built on a collaborative approach that harnesses over 90 years of combined experience and relationships to create tailored capital solutions.Has anybody else caught that thing that’s going around? You’ll just be sitting there, then something snaps in one of your synapses: “I’m just a freak (yeah) / and you know I want it bad.” You’re powerless to resist. Collaborating with traditional and independent sponsors as well as talented management teams, Aldine deploys capital to facilitate growth, support acquisitions/buyouts, or provide shareholder liquidity. Aldine typically invests $4 million to $25 million per transaction in a combination of subordinated debt and equity. For additional information on Watchtower Capital Partners, please visit About Aldine Capital PartnersĪldine Capital Partners is a private investment firm, which provides junior capital financing to lower middle-market companies. Sectors of interest include industrial services, business services, building products, distribution, and niche manufacturing. Typical targets will have less than $7 million in EBITDA. Watchtower Capital Partners invests in lower middle market companies that are headquartered in the US or Canada. This marks the first platform investment for Watchtower Capital Partners. Watchtower partnered with Aldine Capital Partners on the transaction. "Our goal is to maintain each company's commitment to superior customer service, provide attractive career paths for Ally employees, and expand Ally's service territory into contiguous markets." "The founders of SPS, JF, and CarrFord have all built leading companies in their respective markets with a focus on excellent customer service, and we are eager to join forces with their respective teams to build upon the strong success they have achieved to date", said Casey Lanza, Founding Partner of Watchtower. "Ally's core business fits perfectly with our focus on founder- and family-owned businesses that provide essential services in fragmented industries where we can drive growth through bolt-on acquisitions and organic investment in the business." "We are very excited to announce Ally Services as Watchtower's first platform investment," said Mike Minchella, Founding Partner of Watchtower. "With the backing of Watchtower, we have a significant opportunity to make meaningful investments in the business, accelerate growth in our current footprint, expand into new markets, and ultimately take this company to the next level." "There is a tremendous opportunity for Ally to grow organically and through strategic acquisitions," said Mr. ![]() He has more than 30 years of executive leadership experience in service businesses with expertise in scaling organizations, driving revenue growth, and upgrading nfrastructure and business systems. Cantrall was formerly President of Clearwave Fiber and CEO of LS Networks. Watchtower has named Byron Cantrall as CEO of Ally Services. One of the founders also retains a minority stake in Ally. CarrFord provides maintenance, repair, and replacement of HVAC systems and water boilers, allowing Ally to expand its market reach in New Jersey.Īt closing of the transaction, the founders of both SPS and JF stepped down from their full-time roles with their respective companies into consulting roles for Ally. After the initial acquisitions of SPS and JF, Ally also closed its first add-on acquisition, CarrFord Heating & Air Conditioning (CarrFord). Ally serves over 3,000 residential and light commercial customers annually throughout Virginia, Maryland, Pennsylvania, New Jersey, Delaware, and Washington D.C. WASHINGTON, J/PRNewswire/ - Watchtower Capital Partners has simultaneously closed the acquisitions of SPS Mechanical (SPS) and JF Plumbing & Heating (JF), the two of which comprise a newly formed company, Ally Services ( Ally is a regional provider of essential home and facility services, including repair, maintenance, and replacement of plumbing, water filtration, and HVAC systems.
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