Truelink Capital Acquires Majority Stake in Prime Electric from WestView Capital Partners

WestView Capital Partners Recapitalizes Prime Electric

July 30, 2021

Construction

WestView Capital Partners provided growth financing to support a management-led recapitalization of Prime Electric, a Bellevue, Washington-based electrical services and construction company. The investment will support Prime's growth and expansion of service offerings while preserving existing management ownership and operations.

Truelink Capital Acquires Zep, Inc. from New Mountain Capital

July 1, 2025

Manufacturing

Los Angeles-based private equity firm Truelink Capital has acquired Zep, Inc., a manufacturer of maintenance, cleaning, and sanitation solutions, from New Mountain Capital. Zep, headquartered in Atlanta with more than 1,400 employees and 23 facilities worldwide, will operate under Truelink as a platform to accelerate growth through operational improvements, product innovation, and strategic M&A.

Truelink Capital Acquires Flipp Corporation

August 16, 2023

Marketing & Advertising

Truelink Capital, a Los Angeles-based private equity firm, has acquired Flipp Corporation, a Toronto-headquartered marketing technology platform that connects retailers and CPG manufacturers to millions of shoppers. Truelink said it will invest to accelerate product innovation, expand distribution, and pursue organic growth and potential strategic add-ons to scale Flipp's digital merchandising capabilities.

Strength Capital Partners Acquires Truesdell Corporation

April 15, 2021

Construction

Strength Capital Partners has acquired Truesdell Corporation, a Tempe, Arizona–headquartered provider of concrete infrastructure maintenance, repair and safety enhancement services. Terms were not disclosed; Strength will support Truesdell's growth through organic initiatives and a buy-and-build strategy supported by financing from First Merchants Bank, Northcreek Mezzanine and Midwest Mezzanine. Peninsula Capital Partners was the selling investor and D.A. Davidson served as financial advisor to Peninsula and Truesdell.

CAI Capital Partners Invests in Midwestern Electric

October 31, 2021

Electrical Services

Vancouver-based private equity firm CAI Capital Partners has partnered with Midwestern Electric, a specialty electrical infrastructure services provider headquartered in East Chicago, Indiana. Management (including Ryan Rentschler, Ryan Lepper and Lenore Obajtek) retained meaningful equity and will continue to lead the business as CAI provides capital (with debt financing from CIBC) to support platform growth and expansion of MWE's municipal and commercial electrical services.

ADB Companies Acquires PrimeTech Communications

October 21, 2021

Telecommunications

ADB Companies, a portfolio company of Warren Equity Partners, has acquired PrimeTech Communications, a Cincinnati-based provider of utility and telecommunications construction services. The acquisition expands ADB's geographic footprint in the Midwest and augments its wireline capabilities as part of ADB's rapid inorganic growth plan.