Valesco Industries and Brookside Capital Partners Complete Majority Recapitalization of Five Lakes Manufacturing

Valesco Industries and Hidden River Strategic Capital Recapitalize Nipples, Elbows & Couplings, Inc. (NEC)

May 5, 2026

Industrial Services

Valesco Industries completed a control recapitalization of Nipples, Elbows & Couplings, Inc. (“NEC”), a Houston-based manufacturer of PVC-coated electrical conduit and fittings used in corrosive infrastructure end markets. Hidden River Strategic Capital and GMB Capital Partners also partnered in the recapitalization, providing subordinated debt alongside a senior term loan and revolver from another investor-lender.

Corinthian Capital and Valesco Acquire Majority Interest in Trimlight

May 6, 2025

Manufacturing

An affiliate of Corinthian Capital Group, in partnership with Valesco Industries, has acquired a majority interest in Trimlight, Inc., a West Jordan, Utah-based pioneer in permanent exterior LED lighting. The transaction was structured as a majority recapitalization to support Trimlight's growth — the company sells through a network of more than 300 exclusive dealers across the United States and Canada; FS Investments provided debt financing and D.A. Davidson acted as Trimlight's financial advisor.

Valesco‑Led Recapitalization of TopDown, Inc.

March 7, 2022

Automotive

Valesco Industries led a majority recapitalization of TopDown, Inc., partnering with co-investors Tecum Capital, Brookside Capital Partners, Patriot Capital, a Valesco limited partner and members of TopDown management. River Associates Investments sold its stake; financial terms were not disclosed. The capital aims to accelerate TopDown's digital/ecommerce strategy, expand product lines and fund strategic add-on acquisitions to grow the automotive aftermarket platform.

Valesco Industries Acquires AAA Distributor, Inc.

June 17, 2021

Building Products

Valesco Industries completed a majority buyout and control recapitalization of AAA Distributor, Inc., a Philadelphia-based distributor, wholesaler and retailer of kitchen, bath and flooring products. Brookside Capital Partners and AAA management co-invested (Brookside providing subordinated debt and equity) to support AAA's growth in Philadelphia and expansion into new U.S. markets.

Brookside Capital Partners Recapitalizes Lynn Electronics, LLC

April 14, 2021

Telecommunications

Brookside Capital Partners provided senior debt and an equity co-investment to recapitalize Lynn Electronics, LLC, a portfolio company of NewSpring Mezzanine Capital. Lynn is an assembler and distributor of fiber-optic and copper cabling and connectivity components for data centers and wired/wireless communications.

Valesco Industries Acquires T-H Marine Supplies, Inc.

July 31, 2019

Manufacturing

Valesco Industries completed a majority buyout of T-H Marine Supplies, Inc., a Huntsville, Alabama-based manufacturer of recreational boat parts and marine accessories. Brookside provided subordinated debt and an equity co-investment to facilitate the transaction; the deal recapitalized the existing ownership group and will support growth initiatives including expansion of T-H Marine's e-commerce footprint.