Investments
24Portfolio Exits
12Funds
3About 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
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.
Palmer Investments Activity
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 | |||||
4/1/1991 | Mezzanine |
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 | ||
Amount | $0.5M | $0.8M | $0.7M | ||
New? | No | Yes | No | ||
Co-Investors | |||||
Sources | 1 | 1 | 1 |
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 | Undisclosed Investors | |||
12/28/1993 | Acquired | ||||
9/23/1993 | IPO | Public | |||
Date | 1/31/1996 | 12/28/1993 | 9/23/1993 | ||
|---|---|---|---|---|---|
Exit | Acquired | Acquired | IPO | ||
Companies | |||||
Valuation | |||||
Acquirer | Undisclosed Investors | Public | |||
Sources |
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 | $3.6M | Acquired | 1 | ||
4/1/1991 | Growth Equity |
Date | 12/1/1991 | 4/1/1991 |
|---|---|---|
Investment Stage | Growth Equity | Growth Equity |
Companies | ||
Valuation | ||
Total Funding | $3.6M | |
Note | Acquired | |
Sources | 1 |
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 | ||||
1/1/1973 | Palmer Organization I LP |
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 | ||
Status | Closed | ||
Amount | $21M | ||
Sources | 1 |
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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