Strong Start to 2023
August 2023
Pine Street Capital Partners (“PSCP”) is pleased to announce a very active first half of 2023, including the following highlights:
Pine Street Capital Partners IV, LP received its Small Business Investment Company (“SBIC”) license, our third SBIC license since 2011.
PSCP IV, LP closed on its first two investments:
- A mezzanine debt and equity investment in demandDrive Holdings, LLC (“demandDrive”), a provider of outsourced sales development and demand generation services that generate actionable sales opportunities for clients’ in-house sales and marketing resources. demandDrive is based in Waltham, MA.
- A mezzanine debt and equity investment in Pacific West, LLC (“Pacific West”), a provider of environmental remediation, emergency response, industrial field construction, and contracting services. Pacific West is based in Salt Lake City, UT.
PSCP III, LP made the following investments:
- Three follow-on equity investments in Lumina Vision Partners, LLC to support the
acquisition of optometry practices in Texas. Lumina is network of patient-centric optometric practices, based in Scottsdale, AZ with locations in Arizona and Texas.
- Follow-on equity investment in Verdantas LLC to support the acquisition of Leighton Consulting, Inc. 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.
acquisition of optometry practices in Texas. Lumina is network of patient-centric optometric practices, based in Scottsdale, AZ with locations in Arizona and Texas.