2021 in Review

5 New Platform Investments

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  First Impression Ironworks

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  Taylor Stitch

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  Peltram Plumbing, LLC

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  Lumina Vision Partners

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  Dealer Solutions & Design

13 Follow-on Investments Across 6 Portfolio Companies

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  Filterworks

• 

  The Boutique Brands

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  Ardurra

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  Taylor Stitch

• 

  Hull

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  Lumina Vision Partners

9 Portfolio Company Exits

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  Mercantile

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  Renovation Brands

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  Nemo Equipment

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  rite-air

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  peltram Plumbing

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  sst conveyor components inc

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  Summit sports

• 

  Anser advisory

We currently have a strong pipeline of opportunities and are actively seeking new investments that meet our criteria.
We are committed to responding quickly to opportunities in a thoughtful and transparent manner.

Recent Acitvity for Pine Street Capital Partners

Pine Street Capital Partners III, LP is pleased to announce the following investment activity:

• A follow-on mezzanine debt investment in DSD Holdings, LLC ("DSD") to support corporate activities. DSD, bawsed in Duluth, GA, is a leader in the design, development, equipment specification, and installation of shop equipment for automobile fixed operation facilities.
  
  
• Three follow-on equity investments in Lumina Vision Partners, LLC (“Lumina”) to support acquisitions of optometry practices in Texas and Arizona. Lumina is network of patient-centric optometric practices, based in Scottsdale, AZ.
  
  
• Three follow-on equity investments in Lumina Vision Partners, LLC (“Lumina”) to support acquisitions of optometry practices in Texas and Arizona. Lumina is network of patient-centric optometric practices, based in Scottsdale, AZ.
  
  

Additionally, in July 2022, Pine Street Capital III, LP successfully exited Artifact Uprising, LLC in connection with the sale of the company.

We currently have a strong pipeline of opportunities and are actively seeking new investments that meet our criteria.
We are committed to responding quickly to opportunities in a thoughtful and transparent manner.

Receipt of SBIC License
for PSCP IV, LP

Pine Street Capital Partners ("PSCP") is pleased to announce that it has received approval from the U.S. Small Business Administration ("SBA") for its third Small Business Investment Company ("SBIC") license for Pine Street Capital Partners IV, LP ("PSCP IV").

Consistent with the investment strategy of its predecessor funds, PSCP IV will provide subordinated debt and minority equity capital to high quality middle market companies based in the United States.  PSCP IV is targeting investments between $3-15 million per transaction to support change of control transactions, corporate growth initiatives, acquisitions and recapitalizations.  It will also target participations in larger investments alongside co-investors.

Since inception, PSCP has invested over $250 million in 52 privately held middle market businesses to help company owners and management teams meet their personal and corporate objectives.  The firm’s principals greatly appreciate the continued support of the SBA and their returning limited partners as well as many first-time investors that they believe will allow PSCP IV to continue the firm’s successful investment strategy.

Winston & Strawn LP served as legal advisor in the formation of PSCP IV.

We currently have a strong pipeline of opportunities and are actively seeking new investments that meet our criteria.
We are committed to responding quickly to opportunities in a thoughtful and transparent manner.

Strong Start to 2023

Pine Street Capital Partners (“PSCP”) is pleased to announce a very active first half of 2023, including the following highlights:

Pine Street Capital Partners IV, LP received its Small Business Investment Company (“SBIC”) license, our third SBIC license since 2011.

PSCP IV, LP closed on its first two investments:

• A mezzanine debt and equity investment in demandDrive Holdings, LLC (“demandDrive”), a provider of outsourced sales development and demand generation services that generate actionable sales opportunities for clients’ in-house sales and marketing resources. demandDrive is based in Waltham, MA.

• A mezzanine debt and equity investment in Pacific West, LLC (“Pacific West”), a provider of environmental remediation, emergency response, industrial field construction, and contracting services. Pacific West is based in Salt Lake City, UT.

PSCP III, LP made the following investments:

• Three follow-on equity investments in Lumina Vision Partners, LLC to support the
  acquisition of optometry practices in Texas. Lumina is network of patient-centric optometric practices, based in Scottsdale, AZ with locations in Arizona and Texas.

• Follow-on equity investment in Verdantas LLC to support the acquisition of Leighton Consulting, Inc. Verdantas is a diverse environmental consulting firm headquartered in Dublin, OH with offices in 15 states across New England, Mid- Atlantic, Southeast, Mid-West, and Western U.S.

Pine Street Capital III, LP successfully exited its debt and equity investments in DSD Holdings, LLC in connection with the sale of the company.

We currently have a strong pipeline of opportunities and are actively seeking new investments that meet our criteria.
We are committed to responding quickly to opportunities in a thoughtful and transparent manner.