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.