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Pine Street Capital Partners Announces Final Closing of PSCP IV

Pine Street Capital Partners Announces Final Closing of      PSCP IV

September 2024

Pine Street Capital Partners (“PSCP”) is pleased to announce the successful final closing of Pine Street Capital Partners IV, LP (“PSCP IV”) at $203 million, exceeding our target amount.  PSCP greatly appreciates the broad support from our existing limited partners, several new institutional and individual investors, and the U.S. Small Business Administration (“SBA”).  PSCP IV continues our strong partnership with the SBA with the receipt of our third Small Business Investment Company (“SBIC”) license.  With the closing of PSCP IV, Pine Street Capital Partners has raised more than $425 million since inception, investing in over 60 platform companies to date.

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.

Read more …Pine Street Capital Partners Announces Final Closing of PSCP IV

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Written by Nancy Utter on . Posted in News.

Recent Investment Activity for Pine Street Capital Partners

Recent Investment Activity for Pine Street Capital Partners

July 2024

Pine Street Capital Partners (“PSCP”) is pleased to announce the following:

  • PSCP IV, LP made a mezzanine debt and equity investment in Verdantas LLC (“Verdantas”). Verdantas is a diverse environmental consulting firm headquartered in Dublin, OH with offices in 15 states across New England, Mid-Atlantic, Southeast, Mid-West, and Western U.S.

  • PSCP IV, LP made a follow-on equity investment in MarketBridge, LLC (“MarketBridge”), a data-driven marketing services firm offering go-to-market strategy and analytics, demand generation, public relations, and marketing effectiveness measurement services. MarketBridge has offices in Boston, MA, Washington, DC, Newington, CT, and Toronto, Ontario.

  • PSCP IV, LP made a mezzanine debt and equity investment in ChemArt Company (“ChemArt”), a designer and manufacturer of customized chemical etched products. ChemArt is based in Lincoln, RI. 

      • We are also pleased to announce the hiring of our new associate, Jack Murray. Jack joins our Wellesley, MA office after working in the Transaction Advisory Services group at BDO. Jack received a B.S. in Business Administration from Georgetown University McDonough School of Business, with a double major in Accounting and Finance. While at Georgetown, Jack was a member of the varsity sailing team. Jack is also a CPA licensed in Massachusetts.

      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.

      Read more …Recent Investment Activity for Pine Street Capital Partners

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      Third Quarter 2024 Investment Activity for Pine Street Capital Partners

      Third Quarter Investment Activity for Pine Street Capital Partners

      November 2024

      Pine Street Capital Partners (“PSCP”) is pleased to announce the following:

      • PSCP IV, LP made a mezzanine debt and equity investment in Burnyzz, LLC (“Burnyzz”) alongside Farragut Capital Partners, NewSpring Mezzanine, and Salem Investment Partners in support of A111 Capital’s majority buyout. Burnyzz is a classic car broker and custom car builder and service provider to individuals, business owners, and resellers of custom / classic cars. Additional business lines include trailers, truck beds, lifts, and electrical bikes. Burnyzz is headquartered in Ocala, FL.

      • PSCP IV, LP made a mezzanine debt and equity investment in Monument Advocacy, LLC (“Monument”), a leading national, bipartisan government relations and public affairs consulting firm whose clients include fortune 500 corporations, non-profits, and innovator companies. Monument’s full-service solution includes lobbying, strategic communications, public affairs, and digital services designed to drive business outcomes and enhance brand reputations. Monument has offices in Washington, DC, and Seattle, WA.

      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.

      Read more …Third Quarter 2024 Investment Activity for Pine Street Capital Partners

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      New Investment Summit Sports

      New Investment for PSCP

      Pine Street Capital Partners II, LP (PSCP) is pleased to announce a new investment in Summit Sports. Based in Bloomfield Hills, MI, Summit Sports is a leading multi-channel action sports company and operator of the websites www.skis.com, www.snowboards.com, www.inlineskates.com, www.wateroutfitters.com, and www.campgear.com. PSCP co-invested in this transaction with Bay Capital Investment Partners, Eagle Private Capital, and Digital Fuel Capital. The investor group is partnering with the company founder to support Summit’s acquisitions of other e-commerce leaders in specialty sporting goods, as well as continue Summit’s organic growth and strong performance in the action sports industry.

      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.

      Read more …New Investment Summit Sports

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      Written by Nancy Utter on . Posted in News.

      PSCP Announces Recent Investments PowerTech

      PSCP Announces Recent Investments

      Pine Street Capital Partners (PSCP) is pleased to announce the following recent investments:

      • 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.

      • 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 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.

      Read more …PSCP Announces Recent Investments PowerTech

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