Subsidy Tracker: Industry Summary Page
Major Industry:
private equity (including portfolio companies)
Subsidy Total:
$2,392,822,263
Number of Awards:
3,057
Time Period:
Earliest year of data: 1988. Availability of data for earlier years varies greatly from program to program. The majority of the listings for this industry are for the period since 2011.
Notes:
The dollar total above adjusts for the fact that there is an overlap between the amounts in one or more Megadeal entries and those of one or more of the other entries. The total includes only those entries matched to a parent company. The industry designation is the primary one for the parent's operations overall. Dollar totals do not include awards for which no subsidy value is disclosed.
| Top 10 Parent Companies | Total Subsidy $ | Number of Awards |
|---|---|---|
| Riverstone Holdings | $438,303,190 | 42 |
| Energy Capital Partners | $176,495,627 | 29 |
| Blackstone | $157,548,357 | 60 |
| Cerberus Capital Management | $156,378,705 | 334 |
| Onex | $142,710,404 | 76 |
| Searchlight Capital | $135,069,042 | 4 |
| Mid Oaks Investments | $126,377,386 | 28 |
| Bridgewater Associates | $115,000,000 | 1 |
| Thoma Bravo | $103,780,594 | 8 |
| Apollo Global Management | $89,922,620 | 149 |
Individual Subsidy Records:
| Company | Parent | Location | Subsidy Source | Year | Subsidy Value |
Loan/Bailout Value |
Type of Subsidy |
|---|---|---|---|---|---|---|---|
| Athens Generating Company, L.P. | Riverstone Holdings | New York | local | 2005 | $21,128,474 | tax credit/rebate; property tax abatement | |
| INC Research, Inc. | Carlyle Group | North Carolina | state | 2007 | $19,793,000 | grant | |
| Higher One, Inc. | Providence Equity Partners | Connecticut | state | 2011 | $18,500,000 | tax credit/rebate | |
| Sithe Energies | Blackstone | New York | local | 2006 | $17,607,508 | tax credit/rebate; property tax abatement | |
| Sithe Energies | Blackstone | New York | local | 2005 | $17,558,774 | tax credit/rebate; property tax abatement | |
| Athens Generating Company, L.P. | Riverstone Holdings | New York | local | 2004 | $17,368,211 | tax credit/rebate; property tax abatement | |
| Sithe Energies | Blackstone | New York | local | 2004 | $17,155,873 | tax credit/rebate; property tax abatement | |
| Sithe | Blackstone | New York | local | 2010 | $15,646,169 | tax credit/rebate; property tax abatement | |
| Sithe Energies | Blackstone | New York | local | 2007 | $15,633,628 | tax credit/rebate; property tax abatement | |
| Sithe Energies | Blackstone | New York | local | 2003 | $15,294,929 | tax credit/rebate; property tax abatement | |
| Sithe | Blackstone | New York | local | 2008 | $15,137,477 | tax credit/rebate; property tax abatement | |
| Sithe | Blackstone | New York | local | 2009 | $15,042,689 | tax credit/rebate; property tax abatement | |
| Sithe | Blackstone | New York | local | 2011 | $14,981,165 | tax credit/rebate; property tax abatement | |
| Dynamic Industries, Inc. | Riverstone Holdings | Louisiana | state | 2009 | $13,551,785 | tax credit/rebate | |
| Citco Fund Services (USA), Inc. | General Atlantic | New Jersey | state | 2005 | $12,200,000 | grant | |
| ReEnergy Black River LLC | Riverstone Holdings | United States | federal | 2014 | $11,110,471 | federal grant | |
| Blue Bird Body Co. | American Securities | Georgia | state | 2003 | $11,000,000 | grant | |
| Aleris Rolled Products, Inc./Aleris Rolled Products Manufacturing, Inc. | Oaktree Capital Management | Kentucky | state | 2017 | $11,000,000 | tax credit/rebate | |
| C & M FINE PACK INC | Mid Oaks Investments | Indiana | local | 2008 | $10,392,746 | property tax abatement | |
| Citco Fund Services (USA), Inc. | General Atlantic | New Jersey | state | 2007 | $10,150,000 | grant | |
| C & M FINE PACK INC. | Mid Oaks Investments | Indiana | local | 2004 | $9,991,985 | property tax abatement | |
| C & M FINE PACK INC | Mid Oaks Investments | Indiana | local | 2009 | $9,837,250 | property tax abatement | |
| C & M FINE PACK INC | Mid Oaks Investments | Indiana | local | 2007 | $9,811,990 | property tax abatement | |
| Fleetwood RV, Inc. | American Industrial Partners | Indiana | state | 2010 | $9,000,000 | tax credit/rebate | |
| C & M FINE PACK INC. | Mid Oaks Investments | Indiana | local | 2005 | $8,900,540 | property tax abatement | |
| EAGLEPICHER TECHNOLOGIES, LLC | Apollo Global Management | United States | federal | 2018 | $8,842,047 | federal grant | |
| FLUSHING TOWN CENTER LP | Onex | New York | state | 2007 | $8,076,189 | tax credit/rebate | |
| PharMerica Institutional Pharmacy Services, Inc. | KKR & Co. | Kentucky | state | 2007 | $8,000,000 | tax credit/rebate | |
| Kronos Inc. | Hellman & Friedman | Massachusetts | state | 2016 | $8,000,000 | tax credit/rebate | |
| C & M FINE PACK INC | Mid Oaks Investments | Indiana | local | 2010 | $7,878,910 | property tax abatement | |
| Gardner Denver Thomas, Inc. | KKR & Co. | Louisiana | state | 2009 | $7,181,275 | tax credit/rebate | |
| Carestream Health, Inc. | Onex | New York | state | 2008 | $6,997,464 | enterprise zone | |
| Carestream Health, Inc. | Onex | New York | state | 2008 | $6,997,464 | enterprise zone | |
| Lifepoint | Apollo Global Management | Tennessee | local | 2011 | $6,428,758 | tax credit/rebate | |
| Flushing Town Center, L.P. | Onex | New York | state | 2007 | $6,137,438 | tax credit/rebate | |
| C & M FINE PACK INC | Mid Oaks Investments | Indiana | local | 2011 | $5,956,000 | property tax abatement | |
| ENERGYSOLUTIONS, LLC | Energy Capital Partners | United States | federal | 2008 | $5,890,827 | federal grant | |
| Sedgwick Claims Management Services, Inc. | KKR & Co. | Tennessee | local | 2017 | $5,873,272 | property tax abatement | |
| Red River Environmental Products | Energy Capital Partners | Louisiana | state | 2010 | $5,844,402 | tax credit/rebate | |
| C & M FINE PACK INC | Mid Oaks Investments | Indiana | local | 2006 | $5,714,670 | property tax abatement | |
| American Stores Properties, Inc. | Cerberus Capital Management | Illinois | Local | 1999 | $5,600,000 | tax increment financing | |
| Citco Fund Services (USA) Inc. | General Atlantic | North Carolina | state | 2010 | $5,517,000 | grant | |
| Higher One, Inc. | Providence Equity Partners | Connecticut | state | 2012 | $5,500,000 | grant | |
| NORDYNE INC C/O NORTEK INC | Melrose Industries | Missouri | state | 2004 | $5,446,756 | tax credit/rebate | |
| Armstrong Hardwood Flooring Company (f/n/a Hartco Flooring Company) | American Industrial Partners | Kentucky | state | 1989 | $5,400,000 | tax credit/rebate | |
| FLUSHING TOWN CENTER, LP | Onex | New York | state | 2011 | $5,243,091 | tax credit/rebate | |
| Pfizer Central Research | KKR & Co. | Connecticut | state | 2000 | $5,000,000 | grant | |
| Aleris Rolled Products Manufacturing, Inc. | Oaktree Capital Management | Kentucky | state | 2012 | $5,000,000 | tax credit/rebate | |
| Hexion Inc. | Apollo Global Management | Louisiana | local | 2017 | $4,753,053 | property tax abatement | |
| Sedgwick Claims Management Services, Inc. | KKR & Co. | Tennessee | local | 2017 | $4,558,828 | property tax abatement | |
| Remington Arms Company, Inc. | Cerberus Capital Management | Kentucky | state | 2010 | $4,500,000 | tax credit/rebate | |
| BLUE BIRD BODY COMPANY | American Securities | United States | federal | 2018 | $4,487,059 | federal grant | |
| BLUE BIRD BODY COMPANY | American Securities | United States | federal | 2018 | $4,487,059 | federal grant | |
| BLUE BIRD BODY COMPANY | American Securities | United States | federal | 2019 | $4,487,059 | federal grant | |
| FLUSHING TOWN CENTER LP | Onex | New York | state | 2007 | $4,456,137 | tax credit/rebate | |
| Cornerstone Chemical Company | Littlejohn & Co. | Louisiana | state | 2012 | $4,300,001 | tax credit/rebate | |
| Lifetime Fitness | Leonard Green & Partners | Minnesota | local | 2000 | $4,300,000 | tax credit/rebate and grant | |
| ENERGYSOLUTIONS LLC | Energy Capital Partners | United States | federal | 2007 | $4,283,000 | federal grant | |
| ENERGYSOLUTIONS, LLC | Energy Capital Partners | United States | federal | 2007 | $4,283,000 | federal grant | |
| Palm Coast Data, LLC | New Mountain Capital | Florida | state | 2008 | $4,200,000 | tax credit/rebate | |
| C & M FINE PACK INC | Mid Oaks Investments | Indiana | local | 2006 | $4,194,410 | property tax abatement | |
| Remington Arms Company, LLC | Cerberus Capital Management | Kentucky | state | 2012 | $4,141,831 | tax credit/rebate | |
| C & M FINE PACK INC | Mid Oaks Investments | Indiana | local | 2012 | $4,108,190 | property tax abatement | |
| Magneti Marelli Holding USA, Inc. | KKR & Co. | Michigan | state | 2010 | $4,096,000 | tax credit/rebate | |
| Styron LLC | Bain Capital | Michigan | state | 2010 | $4,096,000 | tax credit/rebate | |
| Jewel Foods Stores, Inc. | Cerberus Capital Management | Illinois | Local | 2005 | $4,000,000 | tax increment financing | |
| REMINGTON ARMS COMPANY, LLC. | Cerberus Capital Management | Arkansas | state | $3,968,942 | tax credit/rebate | ||
| FXI INC | One Rock Capital Partners | Indiana | local | 2013 | $3,862,700 | property tax abatement | |
| C & M FINE PACK INC | Mid Oaks Investments | Indiana | local | 2009 | $3,666,950 | property tax abatement | |
| Flushing Town Center, L.P. | Onex | New York | state | 2009 | $3,584,495 | tax credit/rebate | |
| GKN Driveline Newton, LLC | Melrose Industries | North Carolina | state | 2014 | $3,535,000 | grant | |
| Gardner Denver Thomas, Inc. | KKR & Co. | Louisiana | state | 2010 | $3,528,709 | property tax abatement | |
| C & M FINE PACK INC | Mid Oaks Investments | Indiana | local | 2007 | $3,507,250 | property tax abatement | |
| Synagro Woonsocket, LLC | EQT AB | United States | federal | 2014 | $3,300,312 | federal grant | |
| McGraw-Hill Education Division 06-EZ-29 | Apollo Global Management | Iowa | state | 2006 | $3,244,060 | enterprise zone | |
| Carestream Health, Inc. | Onex | New York | state | 2009 | $3,212,523 | enterprise zone | |
| Carestream Health, Inc. | Onex | New York | state | 2009 | $3,212,523 | enterprise zone | |
| National Processing Company (fka RPSI, Inc.) | Advent International | Kentucky | state | 2007 | $3,200,000 | tax credit/rebate | |
| JEWEL FOOD | Cerberus Capital Management | Illinois | local | 2007 | $3,170,000 | tax credit/rebate | |
| Petco Animal Supplies | CVC Capital Partners | Texas | state | 2010 | $3,100,000 | grant | |
| C & M FINE PACK INC | Mid Oaks Investments | Indiana | local | 2013 | $3,073,840 | property tax abatement | |
| FXI INC | One Rock Capital Partners | Indiana | local | 2012 | $3,065,630 | property tax abatement | |
| Palm Coast Data, LLC | New Mountain Capital | Florida | state | 2008 | $3,000,000 | grant | |
| Morgan Adhesives Company d/b/a MACtac | Platinum Equity | Indiana | state | 2005 | $3,000,000 | tax credit/rebate | |
| NeuStar, Inc. | Golden Gate Capital | Kentucky | state | 2013 | $3,000,000 | tax credit/rebate | |
| ecoATM, LLC | Apollo Global Management | Kentucky | state | 2017 | $3,000,000 | tax credit/rebate | |
| Carestream Health Inc. | Onex | New York | state | 2007 | $2,973,327 | enterprise zone | |
| Advanced Receivables Strategy, Inc. | Silver Lake | Kentucky | state | 2003 | $2,951,150 | tax credit/rebate | |
| ENERGYSOLUTIONS, LLC | Energy Capital Partners | United States | federal | 2008 | $2,900,000 | federal grant | |
| ENERGYSOLUTIONS, LLC | Energy Capital Partners | United States | federal | 2008 | $2,900,000 | federal grant | |
| Barracuda Networks | Thoma Bravo | Michigan | state | 2013 | $2,898,000 | tax credit/rebate | |
| Flushing Town Center, L.P. | Onex | New York | state | 2007 | $2,864,108 | tax credit/rebate | |
| RUMFORD PAPER COMPANY | Apollo Global Management | Maine | state | 2011 | $2,784,313 | property tax abatement | |
| GKN AEROSPACE NORTH AMERICA INC | Melrose Industries | Missouri | state | 2002 | $2,776,517 | tax credit/rebate | |
| Fleetwood Travel Trailers of Kentucky, Inc. | American Industrial Partners | Kentucky | state | 2001 | $2,673,349 | tax credit/rebate | |
| Innocor, Inc. | Bain Capital | New Jersey | state | 2015 | $2,660,000 | tax credit/rebate | |
| Petco Animal Supplies, Inc. | CVC Capital Partners | California | state | 2014 | $2,600,000 | tax credit/rebate | |
| McGraw-Hill Global Education, LLC | Apollo Global Management | New York | state | 2015 | $2,600,000 | tax credit/rebate | |
| Carestream Health, Inc. | Onex | New York | state | 2011 | $2,593,335 | enterprise zone | |
| Carestream Health, Inc. | Onex | New York | state | 2011 | $2,593,335 | enterprise zone | |
| FXI INC | One Rock Capital Partners | Indiana | local | 2014 | $2,575,130 | property tax abatement |
