Crescentia Capital Invests in C&D Industrial Maintenance to Build Southeast Door and Dock Services Platform

Crescentia Capital, the equity buyout unit of Towson, Md.-based Calvert Street Investment Partners, has announced a strategic growth investment in Bradenton, Fla.-based C&D Industrial Maintenance, a provider of commercial door and loading dock services across the Southeast. The investment is expected to fuel organic growth initiatives and strategic acquisitions, as C&D builds the region’s leading door & dock services platform, the Baltimore firm said.

Founded in 2018, C&D serves customers in Florida, Georgia, Tennessee, Alabama, Mississippi, Arkansas, North Carolina and South Carolina. This investment represents a significant consolidation opportunity in the fragmented commercial maintenance sector, enabling C&D to expand its service footprint and enhance operational capabilities across multiple states. The backing from an established private equity firm like Crescentia provides C&D with the capital and strategic resources needed to pursue both organic expansion and targeted acquisitions in the competitive industrial services market.

Current Capital Partners acted as financial advisor to Crescentia Capital. Petra Capital Partners provided financing in support of the transaction. Stevens & Lee and Willkie Farr & Gallagher served as legal counsel to Crescentia Capital. This transaction demonstrates the continued interest of private equity firms in specialized industrial service providers with regional dominance and growth potential.

Crescentia Capital’s current portfolio of nine companies includes All Clear, D2K and Terra Nova. The firm's investment strategy focuses on identifying established middle-market companies with strong growth trajectories. Former Ernst & Young executive Michael Booth is a partner and chief investment officer of Crescentia Capital, while Brian Guerin is managing partner. Both are members of Calvert Street’s Executive Leadership Committee.

Calvert Street Investment Partners, which also has offices in Newton, Mass., operates two units — Parkway Capital, which provides flexible junior capital solutions to lower-middle market companies, and Crescentia Capital. As of June, Calvert Street had invested over $1.1 billion — about $615 million in equity buyout investments and about $525 million in mezzanine and minority equity investments. It has backed over 145 middle-market companies, demonstrating its extensive experience in supporting business growth and expansion initiatives across various sectors.