Private equity firm Boathouse Capital LP has recently purchased two companies and loaned money to a third, managing partner Kenneth Jones (pictured) tells Mergers & Acquisitions. The Wayne, Pa. firm, which backs lower middle-market companies, is raising a second fund. The moves offer more proof that the lower middle market is picking up steam. 

*On July 2, Boathouse invested capital alongside management into OBBCO Safety & Supply Inc., a Norfolk, Va. distributor of hard hats and protective gloves. McCarter & English LLP provided legal advice and conducted due diligence on the deal. Terms were undisclosed.

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