HORNE Capital secures senior financing for Empire Group management buyout

RIDGELAND, Mississippi, Aug. 17, 2021 -- HORNE Capital, a mergers and acquisitions advisory firm, announced Tuesday it secured senior financing for its client, Leighton Davis of Empire Group, Inc., as part of a management buyout of the company.

"Empire Group has seen phenomenal growth in recent years, and that is only made possible by our strong foundation in relationships,” said Leighton Davis, chief executive officer at Empire Group. “It was a team effort, and I am looking forward to what is in store for Empire Group. Thanks to the HORNE Capital team and everyone involved for your commitment through this transaction."

Empire Mat and Empire Group was born out of the work of Leighton Davis as part of a family business founded by Mark Wallace in 1990. One of a number of lumber and sawmill operations, Empire Mat and Empire Service became standout operations, and the company recently has taken additional steps to position the company for long-term success.

“Empire Group’s recent results and future prospects are two of the many reasons we envision success for Leighton and his team,” said Josh Edwards, managing director of HORNE Capital. “We are excited to help bring additional capital and flexibility that Empire Group can leverage to compete at the highest level.”

Empire Group is based in Hattiesburg.

###

About HORNE Capital: HORNE Capital is a Mississippi-based investment banking firm that specializes in sell-side transaction advisory services from operational consulting through deal negotiation and due diligence. HORNE Capital serves founders and entrepreneurs in emerging growth and middle market companies. www.hornecapital.com

About Empire Group: Empire is a group of companies that provides access mats, powerline and pipeline services nationwide. Empire Group empowers the energy industry by offering a specialized suite of services for every stage of a project, from front-end clearing to mat inventory to transport. https://yourempiregroup.com/

About HORNE. HORNE is a professional services firm founded on a cornerstone of public accounting. Our 1,500-plus team members serve clients in 48 states, Washington D.C., Puerto Rico and the U.S. Virgin Islands from offices and project locations in Alabama, Arkansas, California, Colorado, Florida, Georgia, Kentucky, Louisiana, Mississippi, New Hampshire, New Jersey, New York, North Carolina, Pennsylvania, Puerto Rico, South Carolina, Tennessee, Texas, U.S. Virgin Islands and Washington D.C. HORNE provides anticipatory advice and solutions to find opportunity in change. www.hornellp.com