Pine Street Capital Partners Announces Recent Activity

Pine Street Capital Management is pleased to announce its first investment out of Pine Street Capital Partners III, LP (PSCP III), which was launched in Q4 2016.  Nelson Worldwide ("NELSON"), based in Philadelphia, PA, is a leading integrated design and consulting organization with a diverse product offering catering to a wide range of end markets.  NELSON offers global design, architecture, engineering, branding, space planning and space management services primarily in the commercial real estate sector.  PSCP co-invested in this transaction with NewSpring Mezzanine Capital, Salem Investment Partners, and a subsidiary of Kemper Corporation (NYSE: KMPR).  The investor group is partnering with management to support Nelson's growth. 

 

Additionally, a second closing was held on PSCP III in March.  PSCP III is now at its initial targeted capital amount. A final closing is expected later this year.

 

We are actively seeking new investments which meet our criteria, and we are committed to responding quickly to opportunities in a thoughtful and transparent manner.  We look forward to working with you.

About Pine Street Capital Partners 

 

Pine Street Capital Partners is a multi-fund management company formed in 2005. PSCP's latest fund, Pine Street Capital Partners III, LP, continues our strategy of investing subordinated debt and non-control equity in smaller established companies with experienced and committed management teams, providing capital for buyouts, recapitalizations, acquisitions and corporate growth.  PSCP has a broad investment mandate, with a preference for niche manufacturers, business services, health care and later stage IT companies. We will invest $3-10 million per transaction either as sole investor or as part of a larger investor group.

Pine Street Capital Partners Completes Successful 2016

Pine Street Capital Partners ("PSCP") is pleased to announce an active and successful 2016.  Highlights include: 

  • Held a first closing on Pine Street Capital Partners III, LP in conjunction with the receipt of our second Small Business Investment Company (SBIC) license from the US Small Business Administration in September.

  • Successfully exited four investments from PSCP II, as highlighted below:
    • In December, PSCP exited from its investment in Scotia Technology, a Laconia, NH, based niche supplier of tube assembly components for the aircraft and aerospace industries. 
    • In December, PSCP exited from its investment in Merrill Industries, a packaging company providing corrugated packaging solutions to industrial customers located primarily in Southern New England.  Merrill is located in Ellington, CT. 
    • In October, PSCP exited from its investment in Thermacore, a designer and manufacturer of highly engineered thermal management and material solutions.  Thermacore is based in Lancaster, PA. 
    • In June, PSCP exited from its investment in GenServe, a supplier and servicer of backup power solutions based in Plainview, NY. 

We have a strong pipeline of opportunities heading into 2017 and are actively seeking new investments for PSCP III which meet our criteria.  We are committed to responding quickly to opportunities in a thoughtful and transparent manner. 

 

About Pine Street Capital Partners

 

Pine Street Capital Partners is a multi-fund management company formed in 2005. PSCP's latest fund, Pine Street Capital Partners III, LP, continues our strategy of investing subordinated debt and non-control equity in smaller established companies with experienced and committed management teams, providing capital for buyouts, recapitalizations, acquisitions and corporate growth.  PSCP has a broad investment mandate, with a preference for niche manufacturers, business services, health care and later stage IT companies. We will invest $3-10 million per transaction either as sole investor or as part of a larger investor group.

Pine Street Capital Partners Announces Recent Exits

Pine Street Capital Partners (“PSCP”) is pleased to announce it has successfully exited from two investments out of PSCP II: 

  • In June, PSCP exited from its investment in GenServe, a supplier and servicer of backup power solutions based in Plainview, NY. 
  • In October, PSCP exited from its investment in Thermacore, a designer and manufacturer of highly engineered thermal management and material solutions.  Thermacore is based in Lancaster, PA. 

We are actively seeking new investments for PSCP III which meet our criteria and are committed to responding quickly to opportunities in a thoughtful and transparent manner.

 

About Pine Street Capital Partners

Pine Street Capital Partners is a multi-fund management company formed in 2005. PSCP's latest fund, Pine Street Capital Partners III, LP, continues our strategy of investing subordinated debt and non-control equity in smaller established companies with experienced and committed management teams, providing capital for buyouts, recapitalizations, acquisitions and corporate growth.  PSCP has a broad investment mandate, with a preference for niche manufacturers, business services, health care and later stage IT companies. We will invest $3-10 million per transaction either as sole investor or as part of a larger investor group.

Pine Street Capital Partners Launches New Fund

Pine Street Capital Partners ("PSCP") is pleased to announce that it has received approval from the U.S. Small Business Administration ("SBA") for its second Small Business Investment Company ("SBIC") license and has held a first closing of Pine Street Capital Partners III, LP ("PSCP III").  

Consistent with the investment strategy of its predecessor funds, PSCP III will provide subordinated debt and minority equity capital to high quality middle market companies based in the United States.  PSCP III will invest $3-10 million per transaction to support corporate growth initiatives, acquisitions, recapitalizations and change of control situations.    

Since 2005, PSCP has invested approximately $100 million in over 30 businesses to help middle market company owners and management meet their personal and corporate objectives.  Fund principals greatly appreciate the support of the SBA and our private investor base to allow us to continue our successful investment strategy.  
 

About Pine Street Capital Partners

Pine Street Capital Partners is a multi-fund management company formed in 2005. PSCP's latest fund, Pine Street Capital Partners III, LP, continues our strategy of investing subordinated debt and non-control equity in smaller established companies with experienced and committed management teams, providing capital for buyouts, recapitalizations, acquisitions and corporate growth.  PSCP has a broad investment mandate, with a preference for niche manufacturers, business services, health care and later stage IT companies. We will invest $3-10 million per transaction either as sole investor or as part of a larger investor group.

Pine Street Capital Partners Announces Recent Investments

Pine Street Capital Partners (PSCP) is pleased to announce the following recent investments

o   A mezzanine debt and preferred equity investment to support the acquisition of Power Technology Southeast, Inc. (Power Tech) by Fulham & Company.  Based in Leesburg, FL, Power Tech is a manufacturer of customized generator sets used in mobile environments.  End markets include mobile communications, service trucks, emergency vehicles, and military vehicles, among others.  PSCP co-invested in this transaction with Spring Capital Partners III, LP. 

o   A  mezzanine debt and equity investment to support the acquisition of Artful Home by Digital Fuel Partners.  Based in Madison, WI, Artful Home offers a selected assortment of artist-made home apparel, décor, and art.  The company provides artists with a national marketing platform and consumers a curated selection of unique products.  PSCP co-invested in this transaction with Digital Fuel Partners and Eagle Private Capital.

We are actively seeking new investments which meet our criteria, and we are committed to responding quickly to opportunities in a thoughtful and transparent manner.  We look forward to working with you.

About Pine Street Capital Partners

Pine Street Capital Partners is a multi-fund management company formed in 2004. PSCP's latest fund, Pine Street Capital Partners II, LP, continues our strategy of investing subordinated debt and non-control equity in smaller established companies with experienced and committed management teams, providing capital for buyouts, recapitalizations, acquisitions and corporate growth. PSCP has a broad investment mandate, with a preference for niche manufacturers, business services, health care and later stage IT companies. We will invest $2-6 million per transaction either as sole investor or as part of a larger investor group.

New Investment for Pine Street Capital Partners

Pine Street Capital Partners II, LP (PSCP) is pleased to announce a new investment in Summit Sports. Based in Bloomfield Hills, MI, Summit Sports is a leading multi-channel action sports company and operator of the websites www.skis.com, www.snowboards.com, www.inlineskates.com, www.wateroutfitters.com, and www.campgear.com.  PSCP co-invested in this transaction with Bay Capital Investment Partners, Eagle Private Capital, and Digital Fuel Capital.  The investor group is partnering with the company founder to support Summit’s acquisitions of other e-commerce leaders in specialty sporting goods, as well as continue Summit’s organic growth and strong performance in the action sports industry.  

We are actively seeking new investments which meet our criteria, and we are committed to responding quickly to opportunities in a thoughtful and transparent manner.  We look forward to working with you.


About Pine Street Capital Partners

Pine Street Capital Partners is a multi-fund management company formed in 2004. PSCP's latest fund, Pine Street Capital Partners II, LP, continues our strategy of investing subordinated debt and non-control equity in smaller established companies with experienced and committed management teams, providing capital for buyouts, recapitalizations, acquisitions and corporate growth. PSCP has a broad investment mandate, with a preference for niche manufacturers, business services, health care and later stage IT companies. We will invest $2-6 million per transaction either as sole investor or as part of a larger investor group.

New Investment by Pine Street Capital Partners

Pine Street Capital Partners II, LP (PSCP) is pleased to announce a new investment in Thermacore, Inc.  In November, PSCP invested mezzanine debt and equity to refinance existing debt and provide capital for growth.  Thermacore, located in Lancaster, PA, designs and manufactures highly engineered thermal management and material solutions.  PSCP co-invested in this transaction with Bay Capital Investment Partners.

We are actively seeking new investments which meet our criteria, and we are committed to responding quickly to opportunities in a thoughtful and transparent manner. We look forward to working with you.

 

About Pine Street Capital Partners 

Pine Street Capital Partners is a multi-fund management company formed in 2004. PSCP's latest fund, Pine Street Capital Partners II, LP, continues our strategy of investing subordinated debt and non-control equity in smaller established companies with experienced and committed management teams, providing capital for buyouts, recapitalizations, acquisitions and corporate growth.  PSCP has a broad investment mandate, with a preference for niche manufacturers, business services, health care and later stage IT companies. We will invest $2-6 million per transaction either as sole investor or as part of a larger investor group.

  

Successful 2014 Continues for Pine Street Capital Partners

Pine Street Capital Partners II, LP (PSCP) is pleased to announce a new investment in Rite Air Mechanical Services, a commercial HVAC & refrigeration maintenance and services company based in Bellmawr, NJ. PSCP co-invested in this transaction with Bay Capital Investment Partners and Roundwood Capital. The investor group is partnering with company founders Brian and Jeff Pomarici and providing growth capital to build on the Pomarici's successful track record of serving multi-unit operators in the mid-Atlantic region.

We are actively seeking new investments which meet our criteria, and we are committed to responding quickly to opportunities in a thoughtful and transparent manner. We look forward to working with you.

 

About Pine Street Capital Partners 

Pine Street Capital Partners is a multi-fund management company formed in 2004. PSCP's latest fund, Pine Street Capital Partners II, LP, continues our strategy of investing subordinated debt and non-control equity in smaller established companies with experienced and committed management teams, providing capital for buyouts, recapitalizations, acquisitions and corporate growth.  PSCP has a broad investment mandate, with a preference for niche manufacturers, business services, health care and later stage IT companies. We will invest $2-6 million per transaction either as sole investor or as part of a larger investor group.

  

Recent Investment Activity for Pine Street Capital Partners

Pine Street Capital Partners II, LP (PSCP) announces recent investments:   

  • In July, PSCP invested mezzanine debt and equity in connection with the acquisition of Tristan Medical in a transaction led by MedEquity Capital. Tristan is an operator of primary care, occupational medicine and urgent care centers in Southeastern Massachusetts.
  • In July, PSCP invested mezzanine debt into Carthage Specialty Paperboard, Inc. in connection with the recapitalization of the company by DeltaPoint Capital. Carthage Specialty Paperboard, located in Carthage, NY, is a manufacturer of uncoated recycled paperboard used in premium specialty applications. PSCP co-invested in this transaction with Patriot Capital.

We are actively seeking new investments which meet our criteria, and we are committed to responding quickly to opportunities in a thoughtful and transparent manner. We look forward to working with you.

About Pine Street Capital Partners

Pine Street Capital Partners is a multi-fund management company formed in 2004. PSCP's latest fund, Pine Street Capital Partners II, LP, continues our strategy of investing subordinated debt and non-control equity in smaller established companies with experienced and committed management teams, providing capital for buyouts, recapitalizations, acquisitions and corporate growth. PSCP has a broad investment mandate, with a preference for niche manufacturers, business services, health care and later stage IT companies. We will invest $2-6 million per transaction either as sole investor or as part of a larger investor group