Equity Capital Markets

With more than 200 professionals, our full-service, industry-focused equity platform delivers a comprehensive suite of Wall Street-caliber solutions to meet the needs of our middle-market clients. Our industry-focused investment bankers work in teams with nationally recognized equity research analysts and experienced sales and trading professionals to deliver superior service and outcomes.

Our industry specialists focus on specific segments of the middle market, and are committed to providing outstanding service to our clients. As a result, BB&T Capital Markets is where industry expertise meets the best in transaction execution.

 

We have helped our middle market clients bring more than 325 public stock offerings to market since 2003

  • DTECH LABS, Inc.

    San Diego, CA-based Cubic Corporation (NYSE:CUB) (“Cubic”), has acquired Sterling, Virginia-based DTECH LABS, Inc. (“DTECH” or “the Company”) for up to $114.5 million, including $15 million of contingent consideration and subject to the terms of the stock purchase agreement. The Company is a leading provider of tactical baseband networking communications equipment that is utilized globally by the United States Special Operations Command as well as customers within the United States Department of Defense and commercial customers. DTECH’s ruggedized communications portfolio includes tactical and strategic networking products for portable, man-packable, vehicular and airborne applications. According to Bradley Feldmann, president and chief executive officer of Cubic Corporation, DTECH is the first step in their near-term strategy to build a niche $100-200 million C4ISR business generating mid-teen EBITDA margins. BB&T Capital Markets | Windsor Group served as the exclusive financial advisor to DTECH LABS, Inc. in this transaction.

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  • Specialty Pipe & Tube, Inc.

    On November 21, 2014, Specialty Pipe & Tube, Inc. (“Specialty” or the “Company”), was acquired by Synalloy Corporation (“Synalloy”). BB&T Capital Markets served as the exclusive financial advisor to Ferguson and Specialty.

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  • Oxford Lane Capital Corporation (NASDAQ GS: OXLC)

    BB&T Capital Markets’ Financial Services Group completed a transaction for a registered closed-end management investment company in the fourth quarter of 2014, helping to raise $25,000,000 in gross proceeds for our client. The preferred shares trade on the NASDAQ GS under the symbol “OXLCN.” The Company intends to use the net proceeds from this offering to acquire investments in accordance with its investment objective and strategies and for general working capital purposes. The Company has granted the underwriters a 30-day option to purchase an additional 150,000 shares at the public offering price to cover over-allotments, if any.

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  • Continental Building Products, Inc. (NYSE: CBPX)

    BB&T Capital Markets’ Commercial and Industrial Group completed a transaction for a gypsum wall board manufacturer and distributor in the fourth quarter of 2014, helping to raise $118,738,000 for our client. This transaction represents a partial liquidation of the interests of the company’s private equity sponsors, Lone Star Funds. Total gross proceeds includes the full exercise of the underwriters’ over-allotment option, through which they purchased an additional 1,050,000 shares.

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  • Covenant Transportation Group, Inc. (NASDAQ GS: CVTI)

    BB&T Capital Markets’ Logistics & Transportation Group completed a transaction for a leading U.S. transportation provider in the fourth quarter of 2014, helping to raise over $65 million for our client. The Company intends to use the net proceeds from this offering for repayment of indebtedness under its equipment installment notes and capital lease obligations, as well as general corporate purposes. Total gross proceeds include the full exercise of the underwriters’ over-allotment option, through which they purchased an additional 396,000 shares.

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  • Checkers Industrial Safety Products, Inc.

    On November 20, 2014, Checkers Industrial Safety Products, Inc. (“Checkers” or the “Company”), a portfolio company of Tonka Bay Equity Partners (“Tonka Bay”), was acquired by Audax Private Equity (“Audax”). BB&T Capital Markets served as the exclusive financial advisor to Checkers.

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  • Axalta Coating Systems, Ltd. (NYSE: AXTA)

    BB&T Capital Markets’ Automotive Aftermarket Group served as a co-manager in Axalta Coating Systems’ $975 million initial public offering. Axalta is a portfolio company of The Carlyle Group.

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  • THL Credit, Inc. (NASDAQ GS: TCRD)

    BB&T Capital Markets’ Financial Services Group completed a transaction for a Business Development Company (“BDC”) in the fourth quarter of 2014, helping to raise $45,000,000 in gross proceeds for our client. The Company has applied the fixed-rate, senior notes (“Notes”) for listing on the NASDAQ GS to trade under the symbol “TCRX.” The Company intends to use the net proceeds from this offering for general corporate purposes, which include investing in debt and equity securities, repayment of any outstanding indebtedness, acquisitions and other general corporate purposes. The Company has granted the underwriters an option to purchase up to an additional 270,000 Notes to cover over-allotments, if any.

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  • National Retail Properties, Inc. (NYSE: NNN)

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the fourth quarter of 2014, helping to raise $208,449,000 for our client. The Company intends to use net proceeds from this offering to repay outstanding indebtedness under the Company’s credit facility. Total gross proceeds includes the full exercise of the underwriters’ over-allotment option, through which they purchased an additional 712,500 shares.

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  • Knoxville Beverage Company, Inc.

    On October 31, 2014, Knoxville Beverage Company, Inc., a Tennessee-based regional wine and spirits distributor, was acquired by Eagle Distributing Company, Inc., a leading beverage distributor in eastern Tennessee. Terms of the transaction were not disclosed. BB&T Capital Markets served as the exclusive financial advisor to Knoxville Beverage Company. Regarding the deal, Mike Milner, President of Knoxville Beverage Company, said, “I am proud of what we have accomplished at Knoxville Beverage Company over the last 53 years. That said, my team and I are very excited to join the Eagle family as we continue to provide superior service to the Knoxville market." Jerry Sinclair, VP of Sales & Marketing for Knoxville Beverage Company, reflected, “For the past 26 years it has been my privilege to work for Knoxville Beverage Company, which has grown significantly under Michael’s leadership. The Hand family is getting a wonderful company, and I look forward to continued success under their leadership.” Mike Craig, CFO of Eagle Distributing, added, “Knoxville Beverage has been proudly serving the greater Knoxville community for more than 50 years, and we are excited to have Mike and his team on board. We look forward to working with KBC’s employees, customers, and suppliers in continuing to grow this great family business.”

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  • Western Gas Partners, LP (NYSE: WES)

    BB&T Capital Markets Energy Group completed a transaction for a gas gathering and processing MLP, in the fourth quarter of 2014, in an equity offering worth $531,375,000. The Partnership intends to use the net proceeds from the offering to fund a portion of the cash purchase price of the acquisition of Nuevo Midstream, LLC. In connection with the offering, The Partnership expects to grant the underwriters a 30-day option to purchase up to 1,125,000 additional common units.

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  • A&S Services Group, LLC

    On October 24, 2014, A&S Services Group, LLC, and its related companies (“A&S Kinard” or the “Company”), a portfolio company of Larsen MacColl Partners (“LMP”), was acquired by Celadon Group Inc. (“Celadon”). BB&T Capital Markets served as the exclusive financial advisor to A&S Kinard.

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  • New Mountain Finance Corporation (NYSE: NMFC)

    BB&T Capital Markets’ Financial Services Group completed a transaction for a Business Development Company (“BDC”) in the fourth quarter of 2014, helping to raise $72,650,000 in gross proceeds for our client. The company intends to use the net proceeds from this offering to make investments in accordance with its objective and strategies, and for general corporate purposes, including debt repayment and other working capital needs. The Company has granted the underwriters a 30-day option to purchase an additional 750,000 shares at the public offering price to cover over-allotments, if any.

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  • Bluerock Residential Growth REIT, Inc. (NYSE: BRG)

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the fourth quarter of 2014, helping to raise $31,410,252 for our client. The Company intends to use net proceeds from this offering to acquire an estimated 90% interest in Venue Apartments, future acquisitions and for general corporate and working capital purposes. The Company has granted the underwriters a 30-day option to purchase an additional 412,500 shares at the public offering price to cover over-allotments, if any.

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  • Fidus Investment Corporation (NASDAQ GS: FDUS)

    Fidus Investment Corporation (NASDAQ GS: FDUS) BB&T Capital Markets’ Financial Services Group completed a transaction for a Business Development Company (“BDC”) in the third quarter of 2014, helping to raise $34,000,000 in gross proceeds for our client. The Company intends to use the net proceeds from this offering to make investments in lower middle-market companies in accordance with its investment objective and strategies and for working capital and general corporate purposes. The Company has granted the underwriters a 30-day option to purchase an additional 300,000 shares at the public offering price to cover over-allotments, if any.

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  • Martin Midstream Partners, LP. (NASDAQ: MMLP)

    BB&T Capital Markets Energy Group completed a transaction for a midstream hydrocarbon MLP in the third quarter of 2014, in an equity offering worth $127,339,500. The Partnership intends to use the net proceeds from the offering to repay outstanding indebtedness incurred under its revolving credit facility and for general partnership purposes. Total gross proceeds includes the full exercise of the underwriters’ over-allotment option, through which they purchased an additional 450,000 units.

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Patrick A. O'SheaSenior Managing DirectorHead of Equity Capital Markets804-780-3235email Download My vCardView Bio