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 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.
We are proud to announce the addition of Jack Walsh to our team. Jack recently joined Pine Street as a Senior Associate in our Wellesley, MA office.
Previously, Jack was an Associate at Citizens Bank in Boston, MA. At Citizens, he was part of the leveraged finance and capital markets team responsible for evaluating and underwriting leveraged finance investment opportunities for middle market and mid-corporate companies across a variety of industries and transactions types. Jack also spent time in Citizens' restructuring and workout group. He is a graduate of Skidmore College (BS), where he was captain of the varsity hockey team.
At Pine Street, Jack will be involved with investment evaluation and execution, portfolio management, and deal flow generation.
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.
Pine Street Capital Partners III, LP (PSCP III) is pleased to announce a new investment in NEMO Equipment. Based in Dover, New Hampshire, NEMO is an innovative designer and manufacturer of premium outdoor gear, including tents, sleeping bags, sleeping pads, hammocks, and furniture. PSCP III is partnering with management to support NEMO's growth plans and continued success.
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.
Pine Street Capital Partners III, LP (“PSCP”) is pleased to announce the following recent investments:
A mezzanine debt and equity investment in Aloi Material Handling & Automation (“Aloi”) to finance its acquisition of Automated Cells & Equipment, Inc. (“ACE”). Aloi is a Rochester, NY based integrator and value added distributor of material handling solutions for various end markets. ACE is based in Painted Post, NY and provides advanced factory automation and robotics solutions for companies across multiple industries. PSCP partnered with a Boston based private investment firm and ALOI and ACE management to effectuate the acquisition.
A mezzanine debt and equity investment to support the acquisition of Cinchseal Associates, Inc. (“Cinchseal”). Based in Mt. Laurel, NJ, Cinchseal is a leading designer and manufacturer of rotary shaft seals for multiple end markets. PSCP partnered with Fulham & Co. and Cinchseal management.
TA follow-on equity investment in current portfolio company Anser Advisory (“Anser”) to support the recent acquisitions of Cambridge Construction Management, Inc., based in Clinton, NJ, and DHS Consulting, Inc., based in Santa Ana, CA. Anser Advisory is a national firm specializing in capital program funding, program management, project management, construction management, and executive advisory services.
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.
Pine Street Capital Partners III, LP (“PSCP”) is pleased to announce an active and successful 2018. Highlights include the closing of the following investments:
A mezzanine debt investment in NEMO Equipment (“NEMO”). Based in Dover, NH, NEMO is an innovative designer and manufacturer of premium outdoor gear, including tents, sleeping bags, sleeping pads, hammocks, and furniture. PSCP is partnering with management to support NEMO’s growth plans and continued success.
A mezzanine debt and equity investment to support the acquisition of four leading program management firms collectively operating as Anser Advisory (“Anser”), a national firm specializing in capital program funding, program management, project management, construction management, and executive advisory services to the public and private sectors. PSCP supported a NYC-based private equity firm on this transaction.
A mezzanine debt and equity investment to support the acquisition of Boutique Brands (“BB”). BB is a collection of online boutique retailers of quick-turning value-priced women’s apparel, currently comprised of Discount Divas, located in Huntsville, AL, and Lime Lush, based in Salt Lake City, UT. PSCP supported a Boston-based private equity firm on this transaction.
A mezzanine debt and equity investment to support the acquisition of Filterworks USA, Inc. (“Filterworks”). Filterworks, based in Deerfield Beach, FL, is a leading layout and design, capital equipment, and service provider to the automotive collision repair industry. PSCP supported a Georgia-based private equity firm on this transaction.
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.