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

  • LinQuest Corporation

    In December 2014, certain members of LinQuest Corporation’s (“LinQuest" or “the Company”) management team completed a buyout of the Company. LinQuest is a leading provider of technical solutions and services to the U.S. government and commercial customers, focused on the convergence of communications, command and control, and information systems. BB&T Capital Markets | Windsor Group provided a fairness opinion to LinQuest Corporation.

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  • Southwestern Energy Company (NYSE: SWN)

    BB&T Capital Markets Energy Group completed a transaction for an oil & gas exploration and production company, in the first quarter of 2015, in a mandatory convertible preferred stock offering worth $1,500,000,000. The Company intends to use the net proceeds from the offering in conjunction with proceeds from a common equity offering, to repay amounts outstanding under the Company’s $4.5 billion bridge loan. This credit facility was established to fund the acquisition of Marcellus and Utica Shale assets from Chesapeake Energy Corp, a transaction that closed in December 2014. In connection with the offering, The Company expects to grant the underwriters a 30-day option to purchase up to 225,000 additional preferred shares.

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  • Southwestern Energy Company (NYSE: SWN)

    BB&T Capital Markets Energy Group completed a transaction for an oil & gas exploration and production company, in the first quarter of 2015, in a common equity offering worth $600,000,011. The Company intends to use the net proceeds from the offering in conjunction with proceeds from a concurrent mandatory convertible preferred shares offering, to repay amounts outstanding under the Company’s $4.5 billion bridge loan. This credit facility was established to fund the acquisition of Marcellus and Utica Shale assets from Chesapeake Energy Corp, a transaction that closed in December 2014. In connection with the offering, The Company expects to grant the underwriters a 30-day option to purchase up to 3,913,043 additional common shares.

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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 first quarter of 2015, helping to raise $50,000,000 for our client. The Company intends to use net proceeds from this offering to fund future acquisitions, fund the Company’s remaining commitment to its Alexan Blaire House Property, and for general corporate and working capital purposes. The Company has granted the underwriters a 30-day option to purchase an additional 600,000 shares at the public offering price to cover over-allotments, if any.

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  • Halperns’ Steak and Seafood Company

    On January 7, 2015, Halperns’ Steak and Seafood Company, an Atlanta-based leading specialty distributor of high-quality meats and seafood, was acquired by Gordon Food Service, the largest family-operated broadline foodservice distributor in North America. Terms of the transaction were not disclosed. BB&T Capital Markets served as the exclusive financial advisor to Halperns’ Steak and Seafood Company. Regarding the deal, Howard Halpern, Chairman of Halperns’ Steak and Seafood Company, stated: “It is remarkable what we have accomplished at Halperns’ in less than 10 years, and a testament to the talent of each and every member of the Halperns’ team. We are thoroughly convinced that Gordon Food Service is the ideal fit for Halperns’, and are very excited to join the Gordon family to continue our growth story.” Jim Gordon, CEO of Gordon Food Service, added, “We are thrilled to welcome Halperns’ Steak and Seafood to Gordon Food Service. Halperns’ focus on consultative selling and its reputation as the premier center-of-plate specialty protein distributor aligns with Gordon Food Service’s commitment to delivering exceptional products and service to our customers. We look forward to working with Halperns’ employees, customers, and suppliers in continuing to grow this great business.”

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  • MainStreet BankShares, Inc. (OTCBB: MREE)

    On January 1, 2015, MainStreet BankShares, Inc. (OTCBB: MREE) (“MainStreet”), a bank holding company, was acquired by American National Bankshares Inc. (Nasdaq: AMNB) (“American National”) in a transaction valued at approximately $26.5 million. Shareholders of MainStreet common stock will receive 0.482 shares of American National common stock and $3.46 in cash for each share of MainStreet they own. As of the close of business on December 31, 2014, the per share acquisition price equaled approximately $15.42, or approximately 105% of MainStreet’s September 30, 2014 book value and approximately 25.7x MainStreet’s last twelve months EPS. BB&T Capital Markets served as the exclusive financial advisor to MainStreet.

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