Farragut Invests in Meeker Group Holdings, LLC

CHEVY CHASE, MD – Farragut Capital Partners is pleased to announce the closing of an investment in Meeker Group Holdings, LLC (“MHC” or the “Company”), providing subordinated debt and an equity co-investment to support the recapitalization of the Company by Keswick Partners and the Company’s management team.

Founded in 1986 and headquartered in Belleville, Pennsylvania, MHC is the parent company of two operating subsidiaries: Meeker Equipment (“Meeker”) and Hamilton Tanks (“Hamilton”).  Meeker designs, engineers, and manufactures a comprehensive line of capital equipment used in the production of asphalt, such as hot oil heaters, storage silos, rotary dryers, conveyors, and pollution control systems.  Hamilton designs, engineers, and manufactures highly customized steel storage tanks used in the energy, chemical, industrial, and food and beverage sectors, and its products include above-ground storage tanks, gas and fluid pressure vessels, fire-rated tanks, dry bulk silos, and secondary containment systems.

Alan Cuthbertson, Partner at Farragut, said of the transaction, “MHC is a well-established leader serving multiple critical industries, and the Company has earned a reputation as a high-quality and dependable manufacturing partner to its customers.  We’re excited to partner with Keswick and MHC’s management team in this investment.”

“Farragut was a great partner to work with throughout the closing process.  It was clear to us from the outset that they spent significant time upfront learning the industry and MHC’s value proposition, which gave us confidence and conviction in choosing them as our partner.  We look forward to working with the MHC team and Farragut on this investment”, said Chris Hart, Managing Partner at Keswick. 

For more information on MHC, please visit www.meekerequipment.com and www.hamiltontanks.com.