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Investments

24

Portfolio Exits

7

Funds

3

Service Providers

1

About Pine Street Capital Partners

Pine Street Capital Partners is a private equity financing firm.

Pine Street Capital Partners Headquarter Location

99 Pine Street 5th Floor

Albany, New York, 12207,

United States

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Latest Pine Street Capital Partners News

Pine Street Capital Partners Announces Recent Investment Activity

Feb 20, 2019

Pine Street Capital Partners II, LP (PSCP) is pleased to announce the following recent investments: In July 2013, PSCP invested mezzanine debt to recapitalize GenServe, Inc., a Bay Shore, NY based supplier and servicer or industrial generators and backup power solutions. GenServe is a portfolio company of Anvil Capital. In August 2013, PSCP invested mezzanine debt and preferred equity to support the acquisition of American Tin Ceiling by current portfolio company Net Direct Merchants. American Tin Ceiling, located in Bradenton, FL, is a manufacturer and direct seller of tin ceiling products. PSCP co-invested in this transaction with the Mustang Group, Eagle Private Capital, Brooke Private Equity, and Bay Capital. About Pine Street Capital Partners Pine Street Capital Partners (PSCP) is a multi-fund management company formed in 2004. PSCP's latest fund, Pine Street Capital Partners II, LP, continues our strategy of investing subordinated debt and non-control equity in smaller established companies with experienced and committed management teams, providing capital for buyouts, recapitalizations, acquisitions and corporate growth. PSCP has a broad investment mandate, with a preference for niche manufacturers, business services, health care and later stage IT companies. We will invest $2-6 million per transaction either as sole investor or as part of a larger investor group.

Pine Street Capital Partners Investments

24 Investments

Pine Street Capital Partners has made 24 investments. Their latest investment was in Adaptec Solutions as part of their Mezzanine on July 7, 2020.

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Pine Street Capital Partners Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

7/27/2020

Mezzanine

Adaptec Solutions

No

1

7/27/2020

Private Equity

Anser Advisory

Yes

1

7/27/2020

Private Equity - II

Hull & Associates

No

1

7/27/2020

Mezzanine

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10

7/27/2020

Private Equity

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10

Date

7/27/2020

7/27/2020

7/27/2020

7/27/2020

7/27/2020

Round

Mezzanine

Private Equity

Private Equity - II

Mezzanine

Private Equity

Company

Adaptec Solutions

Anser Advisory

Hull & Associates

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Amount

New?

No

Yes

No

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Co-Investors

Sources

1

1

1

10

10

Pine Street Capital Partners Portfolio Exits

7 Portfolio Exits

Pine Street Capital Partners has 7 portfolio exits. Their latest portfolio exit was Carthage Specialty Paperboard on October 25, 2018.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

10/25/2018

Acquired

$99M

1

4/16/2018

Acq - Fin - II

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$99M

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10

12/1/2017

Acquired

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$99M

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10

10/18/2016

Acquired - II

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$99M

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10

6/10/2015

Acquired

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$99M

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10

Date

10/25/2018

4/16/2018

12/1/2017

10/18/2016

6/10/2015

Exit

Acquired

Acq - Fin - II

Acquired

Acquired - II

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

1

10

10

10

10

Pine Street Capital Partners Acquisitions

5 Acquisitions

Pine Street Capital Partners acquired 5 companies. Their latest acquisition was King Engineering Associates on May 02, 2017.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

5/2/2017

$99M

Acq - Fin

2

1/31/2012

Debt

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$99M

$99M

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10

7/27/2011

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$99M

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10

9/22/2006

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$99M

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0

3/31/2006

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$99M

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10

Date

5/2/2017

1/31/2012

7/27/2011

9/22/2006

3/31/2006

Investment Stage

Debt

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

$99M

Note

Acq - Fin

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Sources

2

10

10

0

10

Pine Street Capital Partners Fund History

3 Fund Histories

Pine Street Capital Partners has 3 funds, including Pine Street Capital Partners III.

Closing Date

Fund

Fund Type

Status

Amount

Sources

9/27/2016

Pine Street Capital Partners III

Mezzanine (Third-Party)

Open

1

5/11/2012

Pine Street Capital Partners II LP

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$99M

10

3/8/2005

Pine Street Capital Partners LP

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$99M

10

Closing Date

9/27/2016

5/11/2012

3/8/2005

Fund

Pine Street Capital Partners III

Pine Street Capital Partners II LP

Pine Street Capital Partners LP

Fund Type

Mezzanine (Third-Party)

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Status

Open

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Amount

$99M

$99M

Sources

1

10

10

Pine Street Capital Partners Service Providers

1 Service Provider

Pine Street Capital Partners has 1 service provider relationship

Service Provider

Associated Rounds

Provider Type

Service Type

Leveraged Buyout

Investment Bank

Financial Advisor

Service Provider

Associated Rounds

Leveraged Buyout

Provider Type

Investment Bank

Service Type

Financial Advisor

Partnership data by VentureSource

Pine Street Capital Partners Team

3 Team Members

Pine Street Capital Partners has 3 team members, including current Managing Partner, Timothy R. Welles.

Name

Work History

Title

Status

Timothy R. Welles

Managing Partner

Current

Michael Lasch

Managing Director

Current

David G. Morris

Citizens Capital, Mainspring, and BankBoston

Managing Director

Current

Name

Timothy R. Welles

Michael Lasch

David G. Morris

Work History

Citizens Capital, Mainspring, and BankBoston

Title

Managing Partner

Managing Director

Managing Director

Status

Current

Current

Current

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