Sky Island Capital Makes Majority Investment in Valley Forge Flag Company

Levine Leichtman Capital Partners and Management Acquire USA Industries from Sky Island Capital

December 16, 2025

Manufacturing

Levine Leichtman Capital Partners (LLCP) has partnered with USA Industries’ management team to acquire USA Industries, LLC from Sky Island Capital. USA Industries, a South Houston-based manufacturer of piping isolation, tube plugs, orifice plates and heat-exchanger tools, will continue to be led by CEO Justin Watts as a platform investment for LLCP's Lower Middle Market Fund III; financial terms were not disclosed.

Sky Island Capital Acquires Scranton Products Inc.

June 24, 2025

Building Products

Sky Island Capital, a Dallas-based lower middle market private equity firm, has made a majority investment in Scranton Products Inc. from The AZEK Company. Scranton Products, headquartered in Scranton, Pennsylvania, is a manufacturer of HDPE privacy partitions and lockers and will serve as a platform investment to support growth and capability expansion across education, government, healthcare and other end markets.

Prime Pensions Acquires Valley Forge Pension Management

August 5, 2024

Professional Services

Prime Pensions, Inc. has acquired Valley Forge Pension Management, a Muncy, Pennsylvania-based third-party administrator of retirement plans, expanding Prime Pensions' geographic footprint into Pennsylvania with its first office in the state. Terms were not disclosed; VFPM leaders Dena Hadzinikolov and Luci Hartman will continue to lead the Pennsylvania region as Prime Pensions now services ~11,000 retirement plans across eight offices nationwide.

Sky Island Capital Makes Majority Investment in USA Industries

January 18, 2022

Manufacturing

Dallas-based private equity firm Sky Island Capital has made a majority investment in USA Industries, a South Houston, Texas manufacturer of piping isolation and testing products, alongside the company's second-generation founding family. Sky Island will support USA Industries' growth plan and product/solutions expansion through operational and financial resources as the company continues serving refining, petrochemical, chemical, industrial and OEM end markets.

Vespa Capital Makes Growth Investment in Flag Communication

January 1, 2022

Marketing & Advertising

Vespa Capital has made an investment in Flag Communication, a sustainability and ESG strategy, reporting and communications agency with operations in the UK and the US. The funding will support Flag's existing management team, talent strategy and potential acquisition activity while the management team remain significant investors.

Sky Island Capital Acquires Majority Stake in Polished Metals Limited

February 18, 2020

Manufacturing

Sky Island Capital, a Dallas-based lower middle market private equity firm, has made a majority investment in Polished Metals Limited, a Hillside, New Jersey-based polisher and supplier of architectural and ornamental metals. Sky Island will partner with the founding Lazarus family to support organic growth and pursue add-on acquisitions to expand the company’s product portfolio and customer base across architecture, transportation, and vertical markets such as elevators and escalators.