Tracked deals
9
9 tracked deals across 2014-2023.
Greenwich, Connecticut, United States
Pillsman Partners provides long-term capital and strategic support to owner-led businesses in the lower middle market, with a focus on specialty chemicals and industrial/oil and gas companies.
Tracked deals
9
9 tracked deals across 2014-2023.
Recent pace
0
0 tracked deals announced in the last 12 months.
Deal mix
Recapitalization
5 recapitalization · 3 addon · 1 buyout
Last 6 years
Supporting Data
PowerVac of Michigan, a portfolio company of Pillsman Partners and Peninsula Capital Partners, has completed a majority recapitalization of The Precision Group, an environmental and infrastructure services provider headquartered in Schenectady, New York. The deal brings together Precision’s industrial cleaning, trenchless pipe rehabilitation and hazardous‑waste capabilities with PowerVac’s platform to expand geographic reach and service offerings across regional municipal, commercial and industrial markets. Auctus Capital Partners acted as exclusive advisor to The Precision Group.
Power VAC, LLC of Novi, Michigan acquired Strain Electric Company, a 75+-year-old electrical and utility contractor headquartered in Wyoming, Michigan. The transaction is an add-on to Power VAC’s PE-backed platform and was supported by Peninsula Capital Partners and Pillsman Partners to expand Power VAC’s geographic footprint and service offerings into Western Michigan.
Greenwich-based Pillsman Partners, together with Peninsula Capital Partners, completed a recapitalization of Edge One Inc., a Stoughton, Wisconsin-based provider of ATMs and related financial equipment and services. The transaction, which closed December 4, 2020, provides Edge One with capital to support organic growth and targeted acquisitions while retaining participation by the company’s owners and management.
Bristol ID Technologies, a Lima, New York-based card manufacturer, has acquired Plastic Printing Professionals, Inc. (P3), a plastics/card-printing division of Document Security Systems (DSS) headquartered in Brisbane, California. The deal (announced by Pillsman Partners, a private investment firm associated with Bristol ID) expands Bristol ID's plastics production and advanced security-feature capabilities, integrating P3's equipment and expertise into Bristol ID's R&D and manufacturing roadmap.
Greenwich-based Pillsman Partners and Detroit-based Peninsula Capital Partners completed a majority recapitalization of PowerVac of Michigan (PVM), a Novi, Michigan provider of hydro-excavation, jet/vac, sewer inspection, plumbing, electrical and facilities maintenance services. The transaction, which included participation from PVM management and provided partial founder liquidity, will fund organic growth and targeted acquisitions to expand the company's service footprint.
Bristol ID Technologies, a Lima, New York-based manufacturer of RFID and custom identification cards, has acquired Plastic Resource Inc., a Cottage Grove, Minnesota-based specialty printer of short-run PVC and Teslin cards used for gift, loyalty and membership programs. The acquisition, announced by Pillsman Partners (an investor in Bristol ID), expands Bristol ID's Duracard capabilities by adding quick-turn, small-run card production and complementary materials and formats.
Capital For Business (CFB) completed its exit of Vanguard Graphics International (VGI), a manufacturer and supplier of digital inkjet printing systems. The transaction brings VGI into the ownership of Peninsula Capital Partners and Pillsman Partners.
Pillsman Partners, Banyan Investment Partners and Pine Street Capital Partners have completed a recapitalization investment in SST Conveyor, the conveyor components division of SST Bearings (Loveland, Ohio). SST Bearings and its shareholders retain a significant ownership stake and will continue operational oversight; the investment is intended to fund growth initiatives and improve service to the company’s material-handling and distribution customers.
Greenwich-based Pillsman Partners, alongside RFE Investment Partners and Squan management, recapitalized Squan Construction Services of Englewood, New Jersey to fund continued growth and support the company’s wireless infrastructure services. The transaction closed on October 10, 2014 and was structured as a recapitalization with investor partnership and management participation.
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