Recent activity for pscp
October 2021
Pine Street Capital Partners III, LP is pleased to announce the following investment activity:
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A mezzanine debt investment in Peltram Plumbing Holdings, LLC. (“Peltram”), a provider of residential and commercial plumbing and mechanical services. Peltram is based in Auburn, WA.
- A mezzanine debt and equity investment in Lumina Vision Partners, LLC. (“Lumina”), a network of patient-centric optometric practices. Follow-on mezzanine debt and equity investments were made soon after closing to acquire an additional practice. Lumina is based in Scottsdale, AZ.
- A mezzanine debt and equity investment in DSD Holdings, LLC. (“DSD”), a leader in the design, development, equipment specification, and installation of shop equipment for automobile fixed operation facilities. DSD is based in Duluth, GA.
- A follow-on equity investment in current portfolio company National EC Services, Inc. (“NECS”) to support the acquisition of Alden Research Laboratories, Inc., headquartered in Holden, MA. NECS is a premier environmental and engineering consulting firm specializing in the environmental, energy, and infrastructure markets in the Midwest and Mid-Atlantic regions.
- A follow-on equity investment in current portfolio company Ardurra Group, Inc. (“Ardurra”) to support the acquisition of Fulghum, MacIndoe & Associates, based in Knoxville, TN. Ardurra is a civil and environmental engineering services company that serves both private and public sectors.
In addition, Pine Street Capital II has successfully exited the following investments:
- Mercantile Adjustment Bureau, LLC, a full service provider of account receivables management based in Buffalo, NY that offers national account coverage with full service collection services, including skip tracing, letter series and telephone demands, dunning, and credit reporting.
- Renovation Brands, a manufacturer and online retailer of home decor and building improvement products such as custom fireplace mantels, decorative ceiling/wall tiles, kitchen and bath cabinets, floor registers, and electric fireplaces.