PennSpring Capital Acquires PSST

Tech24 Acquires Pacific Standard Service

March 20, 2026

IT Services

Tech24, an HCI Equity Partners-backed platform, acquired Pacific Standard Service (PSS), a CFESA-member provider of commercial hot-side cooking equipment maintenance, repair, and installation. The deal expands Tech24’s presence and adds PSS’s national restaurant and other commercial customer relationships and technician base.

Integrated Power Services Acquires Power Systems Testing Company (PST)

May 1, 2025

Industrial Services

Integrated Power Services (IPS) has acquired Power Systems Testing Company (PST), a NETA-certified electrical testing and field services provider headquartered in Livermore, California. The acquisition expands IPS's NETA field-service capabilities and strengthens its West Coast footprint, adding PST's testing, commissioning and engineering expertise to IPS's service network.

PSST Acquires Paragon Compliance

April 11, 2025

Professional Services

PSST, a PennSpring Capital-backed provider of integration and compliance solutions for K‑12 and other organizations, has acquired Paragon Compliance, a provider of ACA compliance and consulting services that serves schools, municipalities and private employers with emphasis in New York, Ohio and Connecticut. The deal establishes PSST as a platform for complementary add-on acquisitions to consolidate ACA compliance capabilities and expand service reach.

Summit Fire & Security Acquires Professional Systems Technology

February 14, 2023

Industrial Services

Summit Fire & Security LLC, a subsidiary of SFP Holding, Inc. (Summit Companies), has completed the acquisition of Professional Systems Technology, Inc. (PST). The acquisition brings PST's low-voltage, fire alarm, life-safety, access control and AV expertise into Summit's Salt Lake City team to expand capabilities and service coverage in the intermountain West.

The CapStreet Group Recapitalizes PCS Software with Financing from Stellus Capital

July 9, 2019

Software

The CapStreet Group completed a majority recapitalization of PCS Software, Inc., a provider of integrated transportation management software for the inland trucking industry, with Stellus Capital Management providing senior debt financing and an equity co-investment. Founder and CEO Mike Till remains with the company; CapStreet said the partnership will accelerate PCS's sales and technology investments to better serve carriers and brokers in the United States and Canada.

Paskill Stapleton & Lord Enters Partnership with JPL

July 12, 2017

Marketing & Advertising

Paskill Stapleton & Lord (PS&L) has entered a corporate partnership with JPL, a full-service integrated marketing agency based in Harrisburg, Pennsylvania; Clare Advisors served as exclusive financial advisor to JPL. The transaction, which closed June 30, 2017, retains PS&L's existing offices and staff while adding JPL's ~100-person creative, web development and media production capabilities to expand PS&L's higher education and Mid-Atlantic market presence. As part of the deal, partner John Stapleton will retire.