We are committed to developing long-term, sustainable partnerships.

In addition to these specific investments and operating experiences, the Alturus team has sponsored or co-led investments in a wide variety of sectors including distribution, specialty manufacturing, consumer goods and services, industrials, and business services.

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Physicians Rehab Solution:

In October 2022, Alturus partnered with founders, Tom Pennington and Phil Clements, to complete a majority recapitalization and growth equity investment in Physicians Rehab Solution, a provider of turnkey practice management services to outpatient physical therapy and occupational therapy clinics. The Company is headquartered in Bowling Green, Kentucky.

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Dialexa:

In February 2020, Alturus completed a growth equity investment in Dialexa, a leading technology research, design and creation firm providing custom technology solutions. The Company is headquartered in Dallas, Texas.

In October 2022, International Business Machines Corporation (NYSE: IBM) acquired Dialexa LLC.

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Reliance Aircraft International:

In January 2020, Alturus partnered with Management, Phil Milazzo and Dennis Dunn to complete a majority recapitalization and growth equity investment in Reliance Aircraft International, a leading aftermarket supplier and distributor of commercial and military aircraft parts and engine accessories. The Company is headquartered in Austin, Texas.

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Encapture:

In May 2019, Alturus completed a majority recapitalization and growth equity investment in Encapture, an intelligent document automation platform that helps companies be more efficient and customer-centric. The Company is headquartered in Dallas, Texas.

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Hargett Hunter:

In early 2019, Alturus partnered with Jeff Brock at Hargett Hunter to launch the Premier Brands Fund, targeting exceptional restaurant growth opportunities. Hargett Hunter is headquartered in Raleigh, North Carolina.

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Springboard:

In late 2017, Alturus partnered with HC Private Investments to complete a majority recapitalization and growth equity investment in Springboard Manufacturing, a leading specialty plastic injection molding contract manufacturer. Springboard is headquartered in Greensboro, North Carolina.

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Baseline Energy Services:

In November 2016, Alturus completed a growth equity investment in Baseline Energy Services, a leading provider of well-site rental and servicing of mobile generators to upstream and midstream oil and gas companies. The Company is headquartered in Fort Worth, Texas.

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Growers:

In July 2016, Alturus completed a growth equity investment in Growers, the premier provider of precision agriculture solutions to farmers. Growers is headquartered in Raleigh, NC.

In February 2020, ICL, a leading global specialty minerals and chemicals company, acquired Growers

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TerraNavigator:

In August 2015, Alturus completed a growth equity investment in TerraNavigator, a beneficial re-use development firm focused on renewable energy-anchored redevelopment of brownfield, landfill, and surplus properties. The Company is headquartered in Brea, California.

In November 2018, Ameresco, Inc. (NYSE: AMRC), a leading energy efficiency and renewable energy company, acquired TerraNavigator, LLC.

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Timberline Gas:

In July 2015, Alturus completed a majority recapitalization and growth equity investment in Timberline Gas, a retail and commercial provider of propane in the Rocky Mountain Region of the United States. The Company is headquartered in Belgrade, Montana.

In August 2021, ThompsonGas, a leading national propane company, acquired Timberline Gas, LLC.

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1-800-Medigap:

In September 2014, Alturus completed a growth equity investment in 1-800-Medigap, a marketing and lead generation business targeting the medicare supplemental, general health, and related insurance markets. The Company is headquartered in Rockwall, Texas.

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Partnership Results

When Alturus was first introduced to Shep Bailey and Ken Weskamp, Timberline Gas was a great strategy with a great team, but lacked the scale to attract traditional institutional capital.  We saw the potential and the opportunity to be a key, active resource for management as they executed their growth plan.  

During our ownership period, we completed three add-on acquisitions, opened three greenfield locations, refined our sourcing and pricing strategies, and added significant depth to the team.  

Ultimately, these activities and growth initiatives led to the company being a highly attractive geographic expansion target for ThompsonGas, who purchased the business in August of 2021.

When Alturus was first introduced to Scott Harper, Dialexa was a fast-growing, highly unique digital experiences services firm.  Their need for capital was limited at the time, but we continued to invest in the relationship and patiently waited for the right timing.  

As the Company grew, Alturus was presented with the opportunity to offer a custom-tailored capital solution that would position the company for future growth and provide the current owners and management team a value-added, supportive partner.  The company had numerous capital options, but Alturus presented the best mix of a tailored deal (solving exactly what they needed) and positive partnership dynamics – what we call collaborative capital.

Dialexa is very well positioned at the convergence of digital transformation and design-led technology consulting, and we are thrilled to be playing a role in their continued growth.

When Alturus was first introduced to Graham Radler, Baseline Energy Services was a great company with strong historical performance, but one that competed in a broader market where few investors wanted exposure (Oilfield Services in 2016).  Proving we are not afraid to be contrarian, we saw the potential of the business and Graham, and the opportunity to help the Company take the next step in its growth.  

Since our partnership, we have invested significant capital into building out our generator fleet, added significant depth to the team, completed numerous asset acquisitions, and actively worked with our lending partners to optimize our balance sheet and access to capital.  

Baseline is now one of the largest generator rental service businesses in the U.S. and has a number of exciting opportunities for continued growth.

When Alturus was first introduced to Rick Smith and his team at Encapture, we saw the makings of a fantastic growth story, but one that needed collaborative capital to be the catalyst.  

We worked intensively with the management team at Encapture and one of our Operating Partners, Will Robinson, to chart a path where everything Encapture had been building could come to fruition – better, cheaper, and faster. Importantly, our plan set out to do all of that without tarnishing or disrupting the legacy and track record Rick had built. 

 Since our partnership, we have invested significantly in their core product offering, realigned and re-energized the existing team, added talent, and transitioned day to day leadership in a way that both celebrates legacy and looks to the future.  

Encapture is poised to disrupt an important part of the ecosystem within financial services and we are proud to be a contributor to their success.

When Alturus was first introduced to Jeff Brock and the Hargett Hunter team, they had already begun executing on the core elements of their strategy – Investing in 5-10 unit growth restaurant concepts and bringing operating expertise to improve and accelerate these concept’s potential.  

We identified the strategy as an attractive way to gain access to consumer trends of increased dining out, back a team with a singular focus and expertise in the restaurant industry, and ample runway to grow its own operating capabilities and expertise by bringing top talent alongside the concepts to generate attractive returns.

Hargett Hunter needed a capital partner – truly collaborative capital - to help them seed and execute a committed capital vehicle that would allow the firm to reach its full potential.  

Hargett Hunter is well on its way to being one of the top investors and operators in its space and we are proud to be a part of their success.  

The Albany Group partnered with Management in 1998 to launch Quantum, a provider of private equity capital to the global energy industry with more than $6.5 billion in equity commitments since inception.  

Since its founding, The Albany Group has been a strategic, technical and capital partner to the business and its team.  

Quantum is now one of the largest energy-focused private investment firms in the U.S. - currently managing over 25 active portfolio companies.

The Albany Group partnered with Tim Berry in 2006 to seed Pennybacker Capital, a real estate private equity firm headquartered in Austin, Texas (additional offices in New York, Denver, and Nashville) with more than $1.8bn of assets under management. 

Since its founding, The Albany Group has been a strategic and capital partner to the business and its team.  

Pennybacker has a proven 12+ year track record of investing in and/or operating over 170 commercial and multifamily real estate properties located throughout the United States.

QUANTUM ENERGY PARTNERS

Co-founded by The Albany Group.

Provider of private equity capital to the global energy industry with more than $6.5 billion in equity commitments since inception.

Result: QEP is one of the largest energy-focused private investment firms in the U.S. - currently managing over 25 active portfolio companies.

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PENNYBACKER CAPITAL

Seed capital provided by The Albany Group.

Real estate private equity firm headquartered in Austin, Texas (additional offices in New York, Denver, and Nashville) with more than $1.8bn of assets under management.

Result: Pennybacker has a proven 12+ year track record of investing in and/or operating over 170 commercial and multifamily real estate properties located throughout the United States.

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