PNC, established in 1845, is a prominent commercial bank headquartered in Pittsburgh, Pennsylvania. It offers a wide array of financial services, including personal and business banking, residential mortgage banking, real estate finance, asset-based lending, wealth management, and specialized banking for corporations and government entities. PNC's primary geographic markets span across the Mid Atlantic and Northeast United States. PNC Mezzanine Capital, an investment arm of PNC Financial Services Group, specializes in acquisitions, mezzanine, recapitalization, growth capital, and buyout transactions. It primarily invests in middle market companies in the United States and Canada, focusing on niche manufacturing, value-added distribution, commercial services, and business and consumer services sectors. The firm typically invests between $5 million and $70 million, often taking majority stakes, and structures investments as second lien debt, subordinated debt, or equity.
Senior Vice President - Southeast Territory Executive and Community Development Banking Executive
Robert B. Codol
Partner
William Demchak
Chairman, President and CEO
Karim E. Demian
Associate
Jasa Dickson
Vice President, Branch Manager
Benjamin S. Farrell
Associate
Matt Finke
Managing Director
Larry Franco
EVP Southwest Territory Executive
Terrence Mech
Senior Vice President
Reymundo Ocañas
Managing Director of Community Development Banking
Gregory M. Ott
Associate
B. Douglas Phillips
Partner
Luke I. Pleta
Senior Associate
Marc Price
Senior Vice President and Group Head, Retail Finance
Kurt Rankin
Vice President and Senior Economist
Ryan M. Richardson
Vice President
Joshua A. Savacool
Associate
Ryan Shirley
Vice President, Commercial Banking
Luke Tripodi
Senior Vice President, PNC Business Credit
Michael P. Venditti
Managing Director
Preston G. Walsh
Partner
Jake Wesley
Vice President, Credit Products Group
Past deals in Florida
Next Level Aviation
Debt Financing in 2024
Next Level Aviation is an aviation asset trading firm based in Sunrise, Florida, specializing in the distribution of quick engine change (QEC) and airframe rotable material for modern aircraft. Founded in 2013, the company provides a range of services including component lease pooling, rotatable sales and exchanges, as well as heavy maintenance and repair management. These offerings are designed to enhance the efficiency and reliability of aviation businesses, allowing them to optimize in-house purchasing and repair processes.
Local Initiatives Support Corporation
Grant in 2024
Local Initiatives Support Corporation (LISC) is a non-profit foundation based in New York, established in 1979, dedicated to transforming distressed neighborhoods into healthy and sustainable communities across the United States. LISC provides a range of community development programs, including loans, grants, equity investments, and technical assistance aimed at housing development and organizational capacity building. The foundation also supports various initiatives focused on public policy, research, and civic engagement, enhancing the overall quality of life in communities. LISC's strategic plan, "Building Sustainable Communities," emphasizes creating environments that promote good workplaces, businesses, and family life. With operations in several states, including Washington, Louisiana, Mississippi, Pennsylvania, Florida, and Texas, LISC collaborates with local organizations to foster economic development and job creation, ultimately working to improve community health and sustainability.
Nephron Pharmaceuticals
Private Equity Round in 2023
Nephron Pharmaceuticals Corporation is a mid-sized manufacturer specializing in generic respiratory medications. Founded in 1937 and headquartered in Florida, New York, the company provides products that are essential for treating conditions such as asthma and chronic obstructive pulmonary disease. Nephron sells its medications to a diverse range of clients, including hospitals, pharmacies, long-term care facilities, home care companies, and mail-order pharmacies. In addition to its core offerings, Nephron also provides contract manufacturing services, further expanding its reach within the healthcare market.
Duke Energy Florida
Debt Financing in 2019
Duke Energy Florida, a subsidiary of Duke Energy Corporation, is a major electric utility serving approximately 4 million customers across the state of Florida. The company provides reliable, affordable, and clean electric service, supported by a diverse generation portfolio that includes nuclear, natural gas, and renewable energy sources. As part of Duke Energy, which operates in multiple states, it is committed to sustainability and improving the quality of life for its customers. Duke Energy Florida plays a crucial role in the local economy by ensuring robust energy infrastructure and contributing to community development initiatives. Headquartered in Charlotte, North Carolina, Duke Energy is recognized as one of the largest energy holding companies in the United States, with a focus on delivering essential energy services to millions while pursuing a cleaner energy future.
Hollywood Beauty Products
Acquisition in 2019
Hollywood Beauty, founded in 1988 and headquartered in Miami, Florida, is a manufacturer of multicultural hair and skincare products. The company offers a diverse range of items, including oils, pure organic oil formulas, creams, and conditioning products. Its product line aims to address various skincare needs, helping clients combat fungi and prevent dry skin. With a focus on inclusivity, Hollywood Beauty serves a broad customer base by catering to the unique needs of different hair and skin types.
Carecloud
Series C in 2016
CareCloud Corporation is a healthcare information technology company based in Miami, Florida, founded in 2009. It specializes in cloud-based solutions, offering a comprehensive suite of services that includes practice management, electronic health records, revenue cycle management, and patient engagement tools. CareCloud caters to various medical specialties such as dermatology, family practice, ophthalmology, podiatry, rheumatology, and urology. By leveraging its innovative software-as-a-service platforms, the company aims to enhance profitability, streamline workflows, and improve patient care for medical groups across the United States. CareCloud's data-driven tools provide actionable insights, facilitating effective management of the financial and administrative aspects of healthcare delivery. The company currently manages over $4 billion in annualized accounts receivable on its integrated clinical and financial platform. As of early 2020, CareCloud operates as a subsidiary of MTBC, Inc.
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