Peninsula Capital Invests in American Alloy; Sells Pro-Vac to RLJ Equity Partners
February 4, 2019
Detroit-based Peninsula Capital Partners (via Peninsula Fund VI LP) acquired a majority interest in Spokane Valley precision parts manufacturer American Alloy from its founder (who remains CEO). At the same time Peninsula sold its interest in Seattle-based hydro-excavation provider Pro‑Vac to RLJ Equity Partners; terms of both transactions were not disclosed.
- Buyers
- Peninsula Capital Partners (Peninsula Fund VI LP), RLJ Equity Partners
- Targets
- American Alloy, Pro-Vac
- Sellers
- Founder and CEO of American Alloy, Peninsula Capital Partners
- Industry
- Manufacturing
- Location
- Washington, United States
- Transaction Type
- Buyout
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