Investments
24Portfolio Exits
7Funds
3Service Providers
1Latest Pine Street Capital Partners News
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.
Pine Street Capital Partners Investments Activity
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 | |||||
7/27/2020 | Private Equity |
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 | ||
Amount | |||||
New? | No | Yes | No | ||
Co-Investors | |||||
Sources | 1 | 1 | 1 |
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 | 1 | |||
Date | 10/25/2018 | ||||
|---|---|---|---|---|---|
Exit | Acquired | ||||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 1 |
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 | Acq - Fin | 2 | ||||
1/31/2012 | Debt | |||||
7/27/2011 | ||||||
9/22/2006 | ||||||
3/31/2006 |
Date | 5/2/2017 | 1/31/2012 | 7/27/2011 | 9/22/2006 | 3/31/2006 |
|---|---|---|---|---|---|
Investment Stage | Debt | ||||
Companies | |||||
Valuation | |||||
Total Funding | |||||
Note | Acq - Fin | ||||
Sources | 2 |
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 | ||||
3/8/2005 | Pine Street Capital Partners LP |
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) | ||
Status | Open | ||
Amount | |||
Sources | 1 |
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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