Private Equity Firm Business Services

Pillsman Partners

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.

Focus Areas
Specialty chemicals, Industrial companies, 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

Pillsman Partners Acquisition Volume by Year

Last 6 years

Acquisition volume by year Annual acquisition counts for the last 6 years for Pillsman Partners. 1 2018 2 2019 1 2020 1 2021 1 2022 1 2023

Supporting Data

Recent Transactions

  • Buyer
    PowerVac of Michigan, Inc., Pillsman Partners LLC, Peninsula Capital Partners LLC
    Target
    The Precision Group
    Seller
    The Precision Group

    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.

  • Buyer
    Power VAC, LLC, Peninsula Capital Partners, Pillsman Partners
    Target
    Strain Electric Company
    Seller
    Todd Strain, Debbie Strain, Strain family
    Industry
    Construction
    Type
    Addon

    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.

  • Buyer
    Pillsman Partners, LLC, Peninsula Capital Partners
    Target
    Edge One Inc.
    Seller
    Edge One's owners and management

    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.

  • Buyer
    Bristol ID Technologies, Pillsman Partners, LLC
    Target
    Plastic Printing Professionals, Inc. (P3)
    Seller
    Document Security Systems, Inc.
    Industry
    Manufacturing
    Type
    Addon

    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.

  • Buyer
    Pillsman Partners, LLC, Peninsula Capital Partners, LLC, PVM management
    Target
    PowerVac of Michigan, Inc. (PowerVac / ServicePRO)
    Seller
    Founder / existing shareholders

    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.

  • Buyer
    Bristol ID Technologies, Pillsman Partners, LLC
    Target
    Plastic Resource Inc.
    Industry
    Manufacturing
    Type
    Addon

    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.

  • Buyer
    Peninsula Capital Partners, Pillsman Partners
    Target
    Vanguard Graphics International (VGI) (aka Printware)
    Seller
    Capital For Business
    Industry
    Manufacturing
    Type
    Buyout

    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.

  • Buyer
    Pillsman Partners, LLC, Banyan Investment Partners, Pine Street Capital Partners
    Target
    SST Conveyor
    Seller
    SST Bearings, Inc. and its shareholders
    Industry
    Manufacturing

    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.

  • Buyer
    Pillsman Partners, LLC, RFE Investment Partners, Squan management
    Target
    Squan Construction Services, LLC
    Industry
    Infrastructure

    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.

Related Acquisition Pages

Selling a company? Get in front of buyers like Pillsman Partners

Turn tracked acquisition activity into an outreach-ready buyer list.