Direct Investments
Through our expansive global network, Proficio families gain access to exclusive equity, debt, and alternative private and direct investment opportunities. Similar to all of our investments, Proficio partners will invest alongside our clients at the exact same terms after extensive and thorough due diligence completed by our research team and legal counsel. Through our partnerships with operators, Private Equity firms, and other Single and Multi-Family Offices, Proficio has the ability to source opportunities across sectors and spaces, and ultimately, only selects the best-in-class management teams that meet our high standards and investor’s unique needs.
Direct Investments
DIGITAL PRINTING COMPANY
Proficio was an early investor in BOND, a digital printing company, whose strategy was to provide personalization and concierge services through written correspondence. After a very short holding period, this investment was sold at a premium to Newell Rubbermaid as a compliment to their $3 billion portfolio of writing products. Proficio worked closely with the CEO/Founder as well as serving in advisory capacity to the company.
COLD STORAGE
Proficio invested in a roll up strategy in the cold storage warehouse space. The defensive characteristics, the industry fragmentation, as well as the tax benefits attracted Proficio to the space. This particular deal was sourced as a co-investment through a major private equity firm. The company has since grown significantly and is now the 2nd largest cold storage warehouse company in the US. The company is in the process of obtaining REIT status and may look to go public in the not so distant future.
OPPORTUNITY ZONES
Proficio partnered with Peachtree Hotel Group, a developer of regional franchised hotels, to deploy strategic capital into the newly designated “Opportunity Zones” as described in the latest federal tax legislation. By acquiring assets in strategic geographies (such as near universities, hospitals, and airports) we are able to deploy capital at solid risk-adjusted returns with the added benefit of certain tax deferral and elimination.
GREEN ENERGY INFRASTRUCTURE
Strategically invested in RENEW Energy Partners, an innovative green energy-as-a-service infrastructure and engineering company. RENEW provides a single point of contact for clients, providing end-to-end design, oversight, financing, and management of energy-efficiency retrofits for older buildings. RENEW funds the up-front investment in energy-saving technologies in exchange for a share of the cost-savings that building owners receive over time from reduced utility bills. RENEW works with an array of design-build firms, energy-efficiency companies, and other partners to identify sustainability projects to fund and execute.Through local tax incentives and our financing partners, we believe RENEW will be a win-win-win for customers, investors and the environment.
MINERAL RIGHTS OPPORTUNITIES
Proficio is an investor in a Permian-basin-based mineral rights opportunities company. With the advent of horizontal drilling, certain areas in the Permian basin once thought to be mineral-poor have now proven to be mineral-rich. Through geological expertise and judicious underwriting, we are able to purchase the drilling rights to newly found mineral-rich land in the Permian and adjacent territories. Our strategy of parceling smaller acreage together to eventually lease to on-shore drillers has proven to create significant value for both customers and drilling companies, as well as investors.
DRY BULK SHIPPING
Proficio has recently partnered with a private London-based dry bulk shipping company to acquire and operate seasoned panamax and supramax vessels. Through prudent management and reasonable levels of leverage, we are able to deliver superior risk-adjusted returns with limited downside for shareholders. The opportunity to invest presented itself ahead of new environmental regulations being implemented at the beginning of 2020 (“IMO20”). Our strategy revolves around retrofitting older vessels with “scrubbers” which awards shipowners willing to put up the capital with generous returns for upgrading their vessels to comply with the new regulation.
SPORTS AGENCY BUSINESS
Proficio had the opportunity to partner with a MLB Baseball Agent, Greg Genske, in the formation of his new Sports Agency, Genske Entertainment Management (GEM). Proficio invested in this business as we saw a special situation to align ourselves with Genske, a high profile agent with a 15+ year track record and second leading agent in terms of player contracts in the history of the MLB. We also partnered with another well respected Family office in this investment. Through this investment, Proficio investors get exposure to an uncorrelated asset with a high return profile and potential large annual cash distributions.
PARKING GARAGES
Proficio has had the opportunity to partner with LAZ Parking, one of the largest parking garage operators in the country, in investments in several parking garages across the USA. Specifically, through this partnership, we have made individual investments in parking garages in Boston (Motormart), Minneapolis, Cincinnati, and Nashville. We like the return profile of parking garages as they generally have high visibility cash that is largely sheltered by depreciation, making the after-tax return quite attractive.
