Rising Point Capital Recapitalizes PirTano Construction Company
August 24, 2021
Rising Point Capital recapitalized PirTano Construction Company, with subordinated debt and equity from Spring Capital and Medallion Capital and senior debt provided by PNC Bank. Hyde Park Capital served as the exclusive investment banker; the deal provides an exit/retirement pathway for PirTano's founder/management team while supporting future growth and scaling of the business.
- Buyers
- Rising Point Capital, Spring Capital Partners, Medallion Capital
- Targets
- PirTano Construction Company
- Sellers
- Mike Piraino, Joe Pantano, Jack Horn
- Industry
- Construction
- Location
- Illinois, United States
- Transaction Type
- Recapitalization
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