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Investments

24

Portfolio Exits

12

Funds

3

About Palmer

Palmer Service Corp. invests in both new enterprises and existing growth companies in which its operational experience and capital can be constructively employed. The firm tailors each financial commitment to serve the interests of both the client and Palmer. The form of commitment may include subordinated notes with warrants, convertible debentures, preferred or common stock, or a combination of these. The amount of Palmer's initial investment can range from less than $10,000 to $200,000. Additional investments are made in portfolio companies when warranted. Palmer invests either as the sole sponsor of a venture or jointly with other compatible professional investors.

Palmer Headquarter Location

200 Unicorn Park Drive

Woburn, Massachusetts, 01801,

United States

(781)933-5445

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Palmer Investments

24 Investments

Palmer has made 24 investments. Their latest investment was in Cerjac as part of their Convertible Note on May 5, 1993.

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Palmer Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/11/1993

Convertible Note

Cerjac

$0.5M

No

1

12/4/1992

Growth Equity

State Line Tack

$0.8M

Yes

1

2/15/1992

Series A

Cerjac

$0.7M

No

1

8/1/1991

Mezzanine

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$99M

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10

4/1/1991

Mezzanine

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$99M

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10

Date

5/11/1993

12/4/1992

2/15/1992

8/1/1991

4/1/1991

Round

Convertible Note

Growth Equity

Series A

Mezzanine

Mezzanine

Company

Cerjac

State Line Tack

Cerjac

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Amount

$0.5M

$0.8M

$0.7M

$99M

$99M

New?

No

Yes

No

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Co-Investors

Sources

1

1

1

10

10

Palmer Portfolio Exits

12 Portfolio Exits

Palmer has 12 portfolio exits. Their latest portfolio exit was State Line Tack on January 31, 1996.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

1/31/1996

Acquired

$99M

Undisclosed Investors

12/28/1993

Acquired

$99M

9/23/1993

IPO

$99M

Public

8/1/1993

Acquired

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$99M

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0

11/1/1992

Acquired

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$99M

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0

Date

1/31/1996

12/28/1993

9/23/1993

8/1/1993

11/1/1992

Exit

Acquired

Acquired

IPO

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Undisclosed Investors

Public

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Sources

0

0

Palmer Acquisitions

2 Acquisitions

Palmer acquired 2 companies. Their latest acquisition was Dataease International on December 01, 1991.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

12/1/1991

Growth Equity

$99M

$3.6M

Acquired

1

4/1/1991

Growth Equity

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$99M

$99M

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10

Date

12/1/1991

4/1/1991

Investment Stage

Growth Equity

Growth Equity

Companies

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Valuation

$99M

$99M

Total Funding

$3.6M

$99M

Note

Acquired

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Sources

1

10

Palmer Fund History

3 Fund Histories

Palmer has 3 funds, including Palmer Organization III LP.

Closing Date

Fund

Fund Type

Status

Amount

Sources

1/1/1986

Palmer Organization III LP

Multi-Stage Venture Capital

Closed

$21M

1

6/1/1981

Palmer Organization II LP

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$99M

10

1/1/1973

Palmer Organization I LP

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$99M

10

Closing Date

1/1/1986

6/1/1981

1/1/1973

Fund

Palmer Organization III LP

Palmer Organization II LP

Palmer Organization I LP

Fund Type

Multi-Stage Venture Capital

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Status

Closed

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Amount

$21M

$99M

$99M

Sources

1

10

10

Palmer Team

2 Team Members

Palmer has 2 team members, including current President, John A Shane.

Name

Work History

Title

Status

John A Shane

President

Current

William Congleton

General Partner

Former

Name

John A Shane

William Congleton

Work History

Title

President

General Partner

Status

Current

Former

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