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.