Pfingsten Acquires Engineered Specialties, LLC (RapidAir)

Pfingsten Acquires American Cutting Edge (ACE)

May 14, 2025

Industrial Services

Pfingsten, an operationally focused private equity firm, acquired American Cutting Edge (ACE), a distributor of consumable industrial knives, blades and razors with value‑added sharpening, etching and inventory management services. ACE is headquartered in Miamisburg, Ohio (with an additional facility in Akron) and will be scaled as a new platform investment to drive sales and marketing growth, product introductions and add-on acquisitions.

Gryphon Investors Acquires RapidAir from Pfingsten

October 15, 2024

Manufacturing

Gryphon Investors has acquired RapidAir, a provider of downstream compressed air solutions headquartered in Auburndale, Wisconsin, from Pfingsten. Gryphon will operate RapidAir as a platform for future investments in compressed air solutions while RapidAir's CEO Mark LeMire and management remain with the company and retain an ownership stake.

Pfingsten Acquires Pacific Lasertec

September 6, 2023

Manufacturing

Pfingsten, an operationally focused private equity firm, acquired Pacific Lasertec, a San Marcos-based manufacturer of specialty lasers and related power supplies, as a new platform investment on August 25, 2023. Pfingsten said it will work with PLT's management team to scale the business organically and through strategic add-on acquisitions to build a leading photonics solutions provider serving medical diagnostics, semiconductor, scientific R&D and advanced manufacturing end markets.

Pfingsten Acquires Tempest Telecom Solutions

December 13, 2022

Telecommunications

Pfingsten, an operationally focused private equity firm, acquired Tempest Telecom Solutions, a US-based provider of network telecommunications equipment distribution and repair services, on December 2, 2022. Pfingsten plans to scale Tempest as a platform, expanding its technical service and product distribution capabilities organically and via add-on acquisitions.

RapidAir (Engineered Specialties) Acquires Alpha-Pure Corporation

December 7, 2021

Industrial Services

Engineered Specialties, LLC d.b.a. RapidAir (a Pfingsten portfolio company) has acquired Alpha-Pure Corporation, a Michigan City, Indiana-based distributor of compressed air treatment and condensate management products. The add-on deal expands RapidAir's product portfolio and customer reach across distributors, contractors, automotive and farm & ranch retailers; the transaction closed November 19, 2021.

Pfingsten Acquires Environmental Lights

November 26, 2019

Manufacturing

Pfingsten, an operationally focused private equity firm, acquired Advanced Lighting Concepts, LLC d.b.a. Environmental Lights, a San Diego–based designer and provider of commercial accent LED lighting. The company's founders, Greg and Anne Thorson, retained equity and management will remain in place; Pfingsten plans to invest in product development, people and pursue strategic add-on acquisitions to grow the business.