Collectively, Virginia Capital Partners' portfolio represents one of the largest private held companies in the South Atlantic region with more than 2,000 employees and over $1 billion in revenues. The list below is organized by industry and includes companies in which we are currently involved and those out of which we have exited.
BioInformatics owns and operates the Science Advisory Board, the largest online market research panel of physicians and scientists. The company gathers market information & publishes proprietary research to the life sciences industry, including: biotech equipment suppliers, pharmaceutical companies & venture capital funds.
Clear Signal Towers is currently developing and operating wireless communication towers in the Mid-Atlantic states. Backed by a seasoned tower entrepreneur, Clear Signal is actively pursuing new site opportunities and managing communication sites.
Med-IQ provides continuing medical education (CME) services to doctors nationwide. The Company partners with major academic health care institutions and other leading research organizations to provide timely and thorough CME content to physicians.
Physicians Practice is the second-largest physician journal in the United States. The magazine is co-branded with 40 major university hospitals, including: Harvard, Yale, the University of Virginia and the University of North Carolina. Physicians Practice was sold in 2007 to a strategic buyer.
Shared Tower Sites develops, acquires, owns and operates a portfolio of wireless communication towers. Virginia Capital co-founded Shared Tower Sites and raised additional equity during the telecommunications collapse in 2002. STS was sold to a strategic investor in 2005.
SC Biz News produces SC Biz Magazine, Charleston Regional Business Journal, Columbia Regional Business Report and GSA Business in South Carolina. Virginia Capital partnered with the publishers to purchase these publications in 2010.
Virginia Business is a 25 year old statewide business publication providing monthly insights to Virginia businesses and government leaders.
Virginia Telecomm Towers acquires, develops, and operates wireless communication towers. The company was sold to a strategic acquirer in 1998.
Wireless Partners acquires, develops, and operates a portfolio of wireless communication towers. The Company was sold in 2007.
Aptiv Solutions is a clinical research organization founded by members of the PRA International management team. Aptiv specializes in adaptive clinical trials focusing on oncology, cardiovascular, dermatology, gastro-intestinal and respiratory diseases.
Health Care Partners II is a specialty health care REIT and leasing company.
HemoShear makes a human surrogate testing device that replicates the anatomical structure of the human blood vessel wall and blood flow patterns, providing superior pre-clinical drug response data than is currently available through traditional cell culture and animal testing processes.
Hunt Assisted Living built one of the largest portfolios of assisted living facilities in the Mid-Atlantic region before its sale to a strategic buyer in 1999.
Innotech manufactures proprietary equipment and supplies used to make multi-focal lenses. Innotech completed its initial public offering and was subsequently purchased by Johnson & Johnson for $134 million cash.
PRA International tests the safety and efficacy of new drugs for major pharmaceutical companies and is one of the largest clinical research organizations in the U.S. PRA was sold to a financial buyer in 2001 for more than $100 million.
American Exposition Centers acquired, developed, owned and operated flea markets in the southeastern United States. The exposition center industry is characterized by substantial barriers to entry, excellent recurring revenue and strong profit margins. American Exposition Centers was sold to a financial buyer in 2007.
Car Pool is one of the largest full-service car wash chains in the U.S. The company owns and operates seven locations in the Richmond metropolitan area, provides professional detail services and is a 30-year old brand with one of the most widely recognized commercial names in its market.
Martha Mills acquired an 80 year old textile mill and is in the process of reclaiming the heart pine lumber, steel and bricks in an environmentally friendly manner.
Mid-Atlantic Dairy Queen owned the largest chain of Dairy Queen restaurants in the Mid-Atlantic. Two of the company's twelve restaurants were consistently ranked among the leading revenue producers in the entire 6,000 International Dairy Queen restaurant system (owned by Berkshire Hathaway). Mid Atlantic DQ was sold in 2008 to its management.
Sewickley Partners has acquired nearly 7,000 acres of timberland since the third quarter of 2009. The company owns a tract in West Virginia--near Summersville--and several tracts in Virginia--two near Lynchburg, one in Lunenburg County and several near or on the Middle Peninsula. The composition of Sewickley Partners' portfolio is diversified by type and age.
Smith-Midland Corporation produces a variety of pre-cast concrete products including sound walls, highway barriers, utility buildings and architectural facades. Smith-Midland is publicly-traded (ticker: SMID).
Storage Management owned and operated self-storage facilities. The company sold in 2005 to its management.
Front Royal was a leading specialty property and casualty insurance company before its sale to a strategic buyer in 2001 for $165 million.
James River Group is a specialty property and casualty insurance company with a focus on the excess and surplus lines segment founded by key members of Front Royal's management team. The company completed its initial public offering in 2005 and was sold to a Bermuda-based reinsurance company for over $570 million in 2007.
Kinsale Capital was formed as a start up in 2009 by a group of seasoned property and casualty executives to take advantage of the dislocations in the insurance industry.
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matt@vacapital.com
Founded in 1996, Virginia Capital Partners is one of the oldest venture capital and private equity firms in Virginia. With a twenty-year remaining fund life on Virginia Capital Partners' fund, our portfolio companies have the luxury of a partner with an indefinite investment hold period. Unlike traditional venture capital or private equity funds, which have a three-to-five year investment period, followed by a short "wind down" period; Virginia Capital Partners' investment is essentially permanent capital. As a result, Virginia Capital enables our portfolio companies to take the necessary time to build and grow their businesses without pressure to seek a liquidity event because of a constraint imposed by their investment partners. Virginia Capital Partners has no such constraints.
Virginia Capital Partners is also differentiated from traditional venture capital or private equity firms because of our reliance on our own professionals to complete our due diligence assessment. We don't use outside advisors or consultants. So, unlike many venture capital firms, Virginia Capital Partners professionals perform all of our assessment work. We believe our model ensures prompt response and guarantees confidentiality.
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