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Written by Nancy Utter on . Posted in News.

Strong Start 2023

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.

Pine Street Capital III, LP successfully exited its debt and equity investments in DSD Holdings, LLC in connection with the sale of the company.

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 …Strong Start 2023

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Written by Nancy Utter on . Posted in News.

Active Third Quarter 2023

Active Third Quarter 2023 for Pine Street Capital Partners

November 2023

Pine Street Capital Partners (“PSCP”) is pleased to announce an active third quarter of 2023, including the following highlights:

PSCP IV, LP closed on two investments, bringing total platform deals to five since fund inception in May 2023:

  • A mezzanine debt and equity investment in a new marketing and sales services platform bringing together four boutique firms – fama PR, MarketBridge, Intelisent and Quarry, branded as MarketBridge, LLC (“MarketBridge”). These high-impact, data-driven marketing services firms span go-to-market strategy and analytics, demand generation, public relations, and marketing effectiveness measurement.  MarketBridge has offices in Boston, MA, Washington, DC, Newington, CT, and Toronto, Ontario.
  • A mezzanine debt investment in private equity backed Integrated Warehouse Solutions (“IWS”) to support its acquisition of Pioneer Manufacturing, Inc. Based in Burleson, TX, IWS manufactures and sells warehouse equipment, including loading dock material handling equipment and warehouse safety products to companies throughout the U.S.

PSCP III, LP made the following investment:

  • A follow-on equity investment 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.

Pine Street Capital III, LP successfully exited its debt and equity investments in Merrill Industries in connection with the recapitalization.

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 …Active Third Quarter 2023

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Written by Nancy Utter on . Posted in News.

2023 In Review

2023 in Review

January 2024

New SBIC License

Pine Street Capital Partners IV, LP (“PSPC IV”) received its Small Business Investment Company (“SBIC”) license in April 2023, our third SBIC license since 2011.

Platform Deals

  • demandDrive

    Fund IV

    Waltham, MA
    June 2023
    Mezzanine Debt Equity

  • Pacific west

    Fund IV

    Salt Lake City, UT
    July 2023
    Mezzanine Debt Equity

  • TPC

    Fund IV

    Chicago, IL
    August 2023
    Mezzanine Debt

  • MarketBridge

    Fund IV

    Bethesda, MD
    September 2023
    Mezzanine Debt Equity

  • IWS


    Fund IV

    Burleson, TX
    September 2023
    Mezzanine Debt

Follow-On Investments

  • Follow-on

    Fund III

    Dublin, OH
    2023
    Mezzanine Debt Equity

  • Follow-on

    Fund III

    Scottsdale, AZ
    2023
    Mezzanine Debt Equity

  • Follow-on

    Fund III

    Bethesda, MD
    2023
    Mezzanine Debt Equity

Exits

  • exited 2023

    Fund III

    Duluth, GA
    Mezzanine Debt Equity

  • Exited 2023

    Fund III

    Ellington, CT
    Mezzanine Debt Equity

Read more …2023 In Review

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