Parkway Capital has invested in Heiden, LLC and JPF Paint Finishes, LLC to support their recapitalization and enhance operational growth within the custom metal fabrication and industrial finishing sectors.

Information on the Target

Parkway Capital has announced its investment in Heiden, LLC, along with JPF Paint Finishes, LLC, collectively referred to as the 'Company.' This transaction was spearheaded by Tightrope Capital Partners, who collaborated with the senior management team to facilitate the Company's recapitalization. Parkway Capital and Callodine Strategic Credit supported this transaction through investments in subordinated debt and equity.

Founded in 1958 and based in Manitowoc, Wisconsin, Heiden specializes in custom metal fabrication services that encompass a range of operations, including welding, laser cutting, stamping, drilling, bending, and assembly. In addition, through its subsidiary JPF Paint Finishes, the Company offers industrial finishing services such as wet painting, powder coating, and media blasting. Heiden is also recognized for its crane attachments division, which designs and manufactures custom-engineered below-the-hook crane-truck attachments, including specialized grabbles, forks, dump boxes, and clam buckets.

Industry Overview in the Target’s Specific Country

The metal fabrication industry in the United States has experienced steady growth, driven by advancements in technology and increased demand across various sectors, including construction,