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 |
|---|---|---|---|---|---|---|---|
| Duro Bag Manufacturing Company | Wind Point Partners | Kentucky | state | 2000 | $1,200,000 | tax credit/rebate | |
| Armstrong Hardwood Flooring Company (fka Hartco Flooring Company) | American Industrial Partners | Kentucky | state | 2004 | $1,500,000 | tax credit/rebate | |
| LEDCO, INC. | Oaktree Capital Management | Kentucky | state | 2006 | $395,100 | tax credit/rebate | |
| Advanced Receivables Strategy, Inc. | Silver Lake | Kentucky | state | 2003 | $2,951,150 | tax credit/rebate | |
| PharMerica Institutional Pharmacy Services, Inc. | KKR & Co. | Kentucky | state | 2007 | $8,000,000 | tax credit/rebate | |
| National Processing Company (fka RPSI, Inc.) | Advent International | Kentucky | state | 2007 | $3,200,000 | tax credit/rebate | |
| Smoothstone IP Communications Corporation | Apollo Global Management | Kentucky | state | 2007 | $250,000 | tax credit/rebate | |
| Material Handling Systems Inc. | Thomas H. Lee Partners | Kentucky | state | 2008 | $360,000 | 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 | |
| Remington Arms Company, Inc. | Cerberus Capital Management | Kentucky | state | 1998 | $1,000,000 | tax credit/rebate | |
| Fleetwood Travel Trailers of Kentucky, Inc. | American Industrial Partners | Kentucky | state | 2001 | $2,673,349 | tax credit/rebate | |
| Remington Arms Company, Inc. | Cerberus Capital Management | Kentucky | state | 2003 | $400,000 | tax credit/rebate | |
| CTA Acoustics, Inc. | Cerberus Capital Management | Kentucky | state | 2004 | $33,339,720 | tax credit/rebate | |
| Gates Corporation | Blackstone | Kentucky | state | 2006 | $750,000 | tax credit/rebate | |
| Dynamic Industries, Inc. | Riverstone Holdings | Louisiana | state | 2009 | $13,551,785 | tax credit/rebate | |
| Gardner Denver Thomas, Inc. | KKR & Co. | Louisiana | state | 2009 | $7,181,275 | tax credit/rebate | |
| Hexion Specialty Chemicals, Inc | Apollo Global Management | Louisiana | state | 2009 | $350,725 | tax credit/rebate | |
| Hexion Specialty Chemicals, Inc. | Apollo Global Management | Louisiana | state | 2009 | $323,071 | tax credit/rebate | |
| Crowfoot Supply Company | Energy Capital Partners | Louisiana | state | 2009 | $307,636 | tax credit/rebate | |
| Red River Environmental Products | Energy Capital Partners | Louisiana | state | 2010 | $5,844,402 | tax credit/rebate | |
| Staples Distribution Center | Sycamore Partners Management | Maryland | state | 2007 | undisclosed | tax credit/rebate | |
| Styron LLC | Bain Capital | Michigan | state | 2010 | $160,000 | tax credit/rebate | |
| Champion Bus, Incorporated | American Industrial Partners | Michigan | state | 2010 | $18,000 | tax credit/rebate | |
| Styron LLC | Bain Capital | Michigan | state | 2010 | $328,000 | tax credit/rebate | |
| Champion Bus, Incorporated | American Industrial Partners | Michigan | state | 2010 | $266,000 | tax credit/rebate | |
| 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 | |
| ADCO Products, Inc. | American Securities | Michigan | state | 2010 | $1,300,000 | tax credit/rebate | |
| AxleTech, LLC | Carlyle Group | Michigan | state | 2010 | $1,042,269 | tax credit/rebate | |
| Styron LLC | Bain Capital | Michigan | state | 2010 | $353,000 | tax credit/rebate | |
| Champion Bus, Incorporated | American Industrial Partners | Michigan | state | 2010 | $245,000 | tax credit/rebate | |
| Champion Bus, Incorporated | American Industrial Partners | Michigan | state | 2010 | $10,000 | tax credit/rebate | |
| Styron LLC | Bain Capital | Michigan | state | 2010 | $480,000 | tax credit/rebate | |
| Champion Bus, Incorporated | American Industrial Partners | Michigan | state | 2010 | $73,000 | tax credit/rebate | |
| Champion Bus, Incorporated | American Industrial Partners | Michigan | state | 2010 | $8,000 | tax credit/rebate | |
| GKN AEROSPACE NORTH AMERICA INC | Melrose Industries | Missouri | state | 2002 | $2,776,517 | tax credit/rebate | |
| VI-JON LABORATORIES, INC. | Berkshire Partners | Missouri | state | 2000 | $317,023 | tax credit/rebate | |
| GKN AEROSPACE NORTH AMERICA INC | Melrose Industries | Missouri | state | 2003 | $196,612 | tax credit/rebate | |
| MAMMOTH, INC. (WEBCO, INC.) | Melrose Industries | Missouri | state | 2006 | $28,069 | tax credit/rebate | |
| MAMMOTH, INC. (WEBCO, INC.) | Melrose Industries | Missouri | state | 2007 | $76,043 | tax credit/rebate | |
| MAMMOTH, INC. (WEBCO, INC.) | Melrose Industries | Missouri | state | 2008 | $84,252 | tax credit/rebate | |
| NORDYNE INC C/O NORTEK INC | Melrose Industries | Missouri | state | 2004 | $5,446,756 | tax credit/rebate | |
| GKN AEROSPACE NORTH AMERICA, INC. | Melrose Industries | Missouri | state | 2008 | $248,679 | tax credit/rebate | |
| SLICEHOST, LLC | Apollo Global Management | Missouri | state | 2006 | $55,333 | tax credit/rebate | |
| SLICEHOST, LLC | Apollo Global Management | Missouri | state | 2007 | $75,000 | tax credit/rebate | |
| INC Research, Inc. | Carlyle Group | North Carolina | state | 2008 | $141,558 | tax credit/rebate | |
| INC Research, Inc. | Carlyle Group | North Carolina | state | 2008 | $85,500 | tax credit/rebate | |
| American Tire Distributors, Inc. | TPG Capital | North Carolina | state | 2009 | $161,401 | tax credit/rebate | |
| Pharmaceutical Research Associates, Inc. | KKR & Co. | North Carolina | state | 2009 | $48,000 | tax credit/rebate | |
| Magneti Marelli Holding USA, Inc. | KKR & Co. | North Carolina | state | 2009 | $9,645 | tax credit/rebate | |
| American Tire Distributors, Inc. | TPG Capital | North Carolina | state | 2010 | $302,274 | tax credit/rebate | |
| Pharmaceutical Research Associates, Inc. | KKR & Co. | North Carolina | state | 2010 | $38,250 | tax credit/rebate | |
| FNA Polymer Corp | Blackstone | North Carolina | state | 2008 | $1,170,497 | tax credit/rebate | |
| GKN Driveline North America, Inc. | Melrose Industries | North Carolina | state | 2008 | $542,945 | tax credit/rebate | |
| GKN Sinter Metals, Inc. | Melrose Industries | North Carolina | state | 2008 | $269,374 | tax credit/rebate | |
| Frontier Spinning Mills, Inc. | American Securities | North Carolina | state | 2008 | $208,230 | tax credit/rebate | |
| Affinia Group, Inc. | Cypress Group | North Carolina | state | 2008 | $170,816 | tax credit/rebate | |
| Associated Materials Incorporated | Hellman & Friedman | North Carolina | state | 2008 | $99,964 | tax credit/rebate | |
| Magneti Marelli Holding USA, Inc. | KKR & Co. | North Carolina | state | 2008 | $72,282 | tax credit/rebate | |
| Armstrong Hardwood Flooring | American Industrial Partners | North Carolina | state | 2008 | $23,674 | tax credit/rebate | |
| West Corporation | Apollo Global Management | Nebraska | state | 1996 | undisclosed | tax credit/rebate | |
| West Corporation | Apollo Global Management | Nebraska | state | 1999 | undisclosed | tax credit/rebate | |
| ADT Security Services, Inc. | Apollo Global Management | Nebraska | state | 2003 | undisclosed | tax credit/rebate | |
| Wilkinson Industries, Inc. | Mid Oaks Investments | Nebraska | state | 2006 | undisclosed | tax credit/rebate | |
| West Corporation | Apollo Global Management | Nebraska | state | 2007 | undisclosed | tax credit/rebate | |
| CoSentry.Net, LLC | TA Associates | Nebraska | state | 2010 | undisclosed | tax credit/rebate | |
| FLUSHING TOWN CENTER LP | Onex | New York | state | 2007 | $4,456,137 | tax credit/rebate | |
| Flushing Town Center, L.P. | Onex | New York | state | 2007 | $2,864,108 | tax credit/rebate | |
| FLUSHING TOWN CENTER LP | Onex | New York | state | 2007 | $8,076,189 | tax credit/rebate | |
| Flushing Town Center, L.P. | Onex | New York | state | 2007 | $6,137,438 | tax credit/rebate | |
| FLUSHING TOWN CENTER LP | Onex | New York | state | 2007 | $547,783 | tax credit/rebate | |
| Flushing Town Center, L.P. | Onex | New York | state | 2007 | $507,168 | tax credit/rebate | |
| Empire Gen Holdings, Inc. | Energy Capital Partners | New York | state | 2008 | $84,000 | tax credit/rebate | |
| Albertson's Store #571 / Jim Vannan | Cerberus Capital Management | Oregon | state | 2007 | $25,361 | tax credit/rebate | |
| Clackamas Milk Plant / Safeway | Cerberus Capital Management | Oregon | state | 2007 | $50,164 | tax credit/rebate | |
| PetSmart | BC Partners | Oregon | state | 2007 | $5,074 | tax credit/rebate | |
| PetSmart | BC Partners | Oregon | state | 2007 | $7,392 | tax credit/rebate | |
| Albertsons | Cerberus Capital Management | Oregon | state | 2007 | $25,347 | tax credit/rebate | |
| Safeway | Cerberus Capital Management | Oregon | state | 2007 | $24,281 | tax credit/rebate | |
| PetSmart | BC Partners | Oregon | state | 2007 | $7,156 | tax credit/rebate | |
| PetSmart | BC Partners | Oregon | state | 2007 | $5,843 | tax credit/rebate | |
| Safeway - #525 | Cerberus Capital Management | Oregon | state | 2007 | $26,612 | tax credit/rebate | |
| PetSmart 390% | BC Partners | Oregon | state | 2007 | $6,424 | tax credit/rebate | |
| PetSmart | BC Partners | Oregon | state | 2007 | $6,418 | tax credit/rebate | |
| Albertson's Store #590 / Jim Vannan | Cerberus Capital Management | Oregon | state | 2007 | $23,572 | tax credit/rebate | |
| Albertson's Store #559 / Jim Vannon | Cerberus Capital Management | Oregon | state | 2007 | $24,111 | tax credit/rebate | |
| PetSmart | BC Partners | Oregon | state | 2007 | $5,201 | tax credit/rebate | |
| PetSmart | BC Partners | Oregon | state | 2007 | $6,424 | tax credit/rebate | |
| PetSmart | BC Partners | Oregon | state | 2007 | $6,369 | tax credit/rebate | |
| PetSmart | BC Partners | Oregon | state | 2007 | $6,023 | tax credit/rebate | |
| Sierra Holdings, Inc | TPG Capital | Oregon | state | 2010 | $4,875 | tax credit/rebate | |
| Motel 6 Roseburg | Blackstone | Oregon | state | 2010 | $5,453 | tax credit/rebate | |
| Hexion Speciality Chemicals | Apollo Global Management | Oregon | state | 2010 | $3,890 | tax credit/rebate | |
| Spartech Plastics Company | Arsenal Capital Partners | Oregon | state | 2010 | $16,882 | tax credit/rebate | |
| Fleetwood Motor Homes of Pennsylvania, Inc. | American Industrial Partners | Pennsylvania | state | $500,000 | tax credit/rebate | ||
| Acuity Specialty Products, Inc. | New Mountain Capital | Pennsylvania | state | $300,000 | tax credit/rebate | ||
| HomerWood Hardwood Flooring Co. | American Industrial Partners | Pennsylvania | state | $285,000 | tax credit/rebate | ||
| Gardner Denver, Inc. | KKR & Co. | Pennsylvania | state | $159,000 | tax credit/rebate | ||
| Great Wolf Lodge of the Poconos | Apollo Global Management | Pennsylvania | state | $154,000 | tax credit/rebate | ||
| Styron, LLC | Bain Capital | Pennsylvania | state | $86,000 | tax credit/rebate | ||
| Kovatch Mobile Equip | American Industrial Partners | Pennsylvania | state | 2008 | $14,186 | tax credit/rebate |
