Pfingsten Partners Acquires Fairbank Equipment Inc.

Fairbank Equipment Acquires G&R Ag Products

July 12, 2022

Agriculture

Fairbank Equipment, a portfolio company of Pfingsten, has acquired G&R Ag Products, a specialty distributor of agricultural parts and propane equipment headquartered in Caldwell, Idaho. The add-on deal, which closed June 30, 2022, expands Fairbank's distribution footprint into the Pacific Northwest and provides new markets for its propane product lines; G&R's president Curt Ruehl will remain with the business and become a shareholder in Fairbank.

Pfingsten-backed Fairbank Equipment Acquires Big W Sales

March 5, 2024

Agriculture

Pfingsten's portfolio company Fairbank Equipment, Inc. has acquired Big W Sales, Inc., a Stockton, California-based distributor and manufacturer of agricultural parts, trailers, tanks and equipment. The transaction, which closed on January 2, 2024, expands Fairbank's footprint into California and broadens the combined group's distribution and manufacturing capabilities across the western United States; Big W's leadership will remain as shareholders and continue operating the business.

Pfingsten Invests in New England Electrical Contracting

October 20, 2021

Industrial Services

Pfingsten, an operationally focused private equity firm, made a platform investment in New England Electrical Contracting, LLC, a Kingston, Massachusetts-based provider of electrical services supporting 5G deployment, EV charging and utility customers. The transaction closed on October 6, 2021; founder Kevin Farrell retained significant equity and Pfingsten said it will support growth through investments in people, infrastructure, geographic expansion and add-on acquisitions.

Fritsch Equipment Corporation Sold to Local Private Investors Led by SLK Finance

February 29, 2024

Manufacturing

Fritsch Equipment Corporation, a De Pere, Wisconsin manufacturer of branded farm equipment, was sold to a local group of private investors led by SLK Finance with participation from company principal Ron Fritsch. The transaction, advised by Generational Equity, closed on February 29, 2024 and represents an ownership transition that retains founder involvement while transferring majority ownership to local investors.

Pfingsten Acquires Fowler High Precision

September 7, 2022

Manufacturing

Pfingsten, an operationally focused private equity firm, acquired Fowler High Precision, a Canton, Massachusetts-based manufacturer and distributor of dimensional metrology tools and calibration services. The acquisition (completed August 29, 2022) is a platform investment for Pfingsten's Fund V and aims to expand Fowler's product categories and calibration/repair capabilities both organically and through add-on acquisitions.

Pike Street Capital Invests in Fair Market, Inc.

November 30, 2021

Food & Beverage

Seattle-based private equity firm Pike Street Capital announced a growth investment in Fair Market, Inc. (FMI), a family-run wholesale specialty food distributor headquartered in Wentzville, Missouri. As part of the partnership Pike Street is bringing industry executive Rich Friedlen in as CEO while founder Marvin Eisenbath remains significantly invested; the capital will be used to expand FMI’s addressable markets and product lines.