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PSCP FInishes a strong 2020

January 2021

Pine Street Capital Partners (Pine Street) is pleased to have remained active in the private markets as investment activity recovered during a difficult year. The following is our investment activity for the fourth quarter:

Pine Street Capital Partners II, LP had a successful exit from its investment in Wood Pro, a value-added distributor of flooring products to the professional market.

Pine Street Capital Partners III, LP made the following new investments:

  • A mezzanine debt and equity investment in Full Spectrum Software and Intertech Engineering Associates, providers of software and engineering services to customers in the medical device, life sciences, and technology industries. Full Spectrum Software is headquartered in Southborough, MA and Intertech Engineering Associates is headquartered in Westwood, MA.

  • A follow-on debt investment in current portfolio company Boutique Brands, LLC (“Boutique Brands”) to support the recent acquisition of Filly Flair, LLC, based in Sioux Falls, SD.  Boutique Brands acquires and operates online boutique retailers of quick- turning, value-priced women’s apparel.

  • A follow-on debt and equity investment in current portfolio company Hull & Associates, LLC (“Hull”) to support the recent acquisitions of Duffield Associates, Inc, based in Wilmington, DE, and HSW Engineering Inc., based in Tampa, FL.  Hull is a premier environmental and engineering consulting firm specializing in the environment, energy, and infrastructure markets in the Midwest and Mid-Atlantic regions.

We currently have a strong pipeline of opportunities and are actively seeking new investments that meet our criteria. 
We are committed to responding quickly to opportunities in a thoughtful and transparent manner.