NewsPrivate Equity07/06/2022
Directional Services announces equity investment led by Rising Point Capital
Rising Point Capital Management →Directional Services announced a joint equity investment led by Rising Point Capital, with Landon Capital Partners and Ironwood Capital also participating. The utility-scale solar and infrastructure contractor said the investment would support expansion of its services, operations and internal capabilities. Ironwood separately provided a subordinated debt facility. The founders remained part of the ownership group and served as directors and advisers. The release disclosed neither the equity consideration nor the debt facility amount. This is an archival transaction announcement and separates the equity investment from the accompanying debt.