Pillsman Partners and Peninsula Capital Recapitalize Edge One, Inc.

Great Hill Partners Recapitalizes One Inc

February 26, 2020

Payments & Fintech

Great Hill Partners led a recapitalization of One Inc, a Folsom, California-based digital payments platform focused on the insurance industry, in partnership with One Inc's management team. The capital will support expansion of engineering, sales, and marketing as One Inc refocuses on insurance-specific payments products; Matt Vettel and Nick Cayer of Great Hill joined One Inc's board. Financial terms were not disclosed.

Pillsman Partners and Peninsula Capital Recapitalize PowerVac of Michigan (PVM)

August 30, 2019

Industrial Services

Greenwich-based Pillsman Partners and Detroit-based Peninsula Capital Partners completed a majority recapitalization of PowerVac of Michigan (PVM), a Novi, Michigan provider of hydro-excavation, jet/vac, sewer inspection, plumbing, electrical and facilities maintenance services. The transaction, which included participation from PVM management and provided partial founder liquidity, will fund organic growth and targeted acquisitions to expand the company's service footprint.

Eagle Merchant Partners Recapitalizes Aligned Fitness; Aligned Acquires Two Club Pilates Franchisees

June 26, 2025

Healthcare Services

Eagle Merchant Partners completed a recapitalization of Aligned Fitness (a leading Southeast-based Club Pilates franchisee) as its first investment from Fund II, with Boathouse Capital providing a $52 million credit facility and equity co-investment. Proceeds funded Aligned’s acquisition of two add-on franchisees — Crescent Concepts, LLC and Next Twenty, LLC — and will support new studio development and expansion across the Southeastern and Mid-Atlantic United States, bringing the combined platform to 34 studios.

Prospect Partners and Aldine Capital Recapitalize ProClip USA

January 17, 2020

Manufacturing

Prospect Partners completed a recapitalization of ProClip USA, LLC, a Madison, Wisconsin-based designer and distributor of mounting solutions for mobile electronic devices, with a subordinated debt and equity co-investment from Aldine Capital Partners. Enterprise Bank & Trust provided senior debt financing, Promontory Point Capital advised the sellers, and founder Bjorn Spilling will continue as CEO as the company pursues organic growth and add-on acquisitions.

Ridgemont Equity Partners Leads Recapitalization of RoadOne IntermodaLogistics

January 5, 2023

Logistics & Distribution

Ridgemont Equity Partners led a recapitalization of RoadOne IntermodaLogistics alongside the company’s management and existing investor Nonantum Capital Partners. The transaction provides growth capital to support RoadOne’s geographic and service-line expansion, M&A activity, and technology investments; financial terms were not disclosed.

Sentinel Capital Partners Recapitalizes New Era Technology

September 25, 2019

IT Services

Sentinel Capital Partners has completed a recapitalization of New Era Technology, partnering with New Era's management team and incumbent investor Gemini Investors. The transaction (terms not disclosed) positions New Era to continue its organic growth and pursue additional add-on acquisitions to expand its managed services and systems-integration capabilities.