Alaris Royalty invests $18.8 mln in Heritage Restoration
Canadian alternative equity firm Alaris Royalty Corp has invested $18.8 million (US$15 million) in Heritage Restoration Holdings LLC, a Rockland, Massachusetts-based specialty construction business focused on masonry restoration and maintenance. The deal, which facilitated a management buyout of the existing shareholder, entitles Alaris to an annual distribution of $2.81 million (US$2.25 million). Alaris made the investment in Heritage through its Small Cap Investments division, established in 2015 to invest up to $20 million in private mid-market companies.
23 January 2018•4 mins read
