Pine Street Capital Partners is pleased to announce the following recent investments:
- A mezzanine debt and equity investment to support the recapitalization and debt refinancing of Merrill Industries. Based in Ellington, CT, Merrill is a packaging company, providing primarily corrugated packaging to industrial customers located mostly in Southern New England. We are co-investors in the transaction with Advantage Capital Connecticut.
- A mezzanine debt and equity investment to support the acquisition of Artifact Uprising by Digital Fuel Capital. Based in Denver, CO, Artifact Uprising is an ecommerce provider of premium photo products (e.g., photo books, prints, framed wall photos, photo cards, and gifts). PSCP co-invested in this transaction with Bay Capital and Eagle Private Capital.
We also are excited to announce the addition of Callie Carpenter to our team. Callie joined as Controller after spending several years at Leverpoint Management, a third party fund administrator. Callie is located in our Albany, NY office.
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.