Investment Summary

Rainier Partners Invests In Performance Tool

On January 6, 2022, private equity firm Rainier Partners invested in automotive company Performance Tool

Investment Highlights
  • This is Rainier Partners’ 1st transaction in the Automotive sector.
  • This is Rainier Partners’ 2nd transaction in the United States.
  • This is Rainier Partners’ 1st transaction in Washington.

Investment Summary
Date 2022-01-06
Target Performance Tool
Sector Automotive
Investor(s) Rainier Partners
Deal Type Growth Capital

Target

Performance Tool

Tukwila, Washington, United States
website
Performance Tool is a supplier, distributor, and category manager of specialty tools, hand tools, and equipment for automotive aftermarket, hardware, farm and fleet, and industrial end markets. Performance Tool was founded in 1971 and is based in Tukwila, Washington.

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Investor(S) 1

Investor

Rainier Partners

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2020
PE ASSETS 375M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Rainier Partners is a private equity firm focused on acquiring and investing in lower middle-market service-based companies. Areas of interest include business services, education, marketing, information services, financial services, consumer services, healthcare services, testing, industrial services, and engineering. Rainier Partners will consider businesses throughout North America with a preference for companies in the Western US and Canada. Prospective transaction situations include buyouts, divestitures, and turnarounds. Rainier Partners was formed in 2020 and is based in Seattle, Washington.

DEAL STATS #
Overall 2 of 5
Sector (Automotive) 1 of 1
Type (Growth Capital) 1 of 2
State (Washington) 1 of 1
Country (United States) 2 of 5
Year (2022) 1 of 2
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DATE TARGET DEAL TYPE VALUE
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Calpine distributes innovative and quality packaging while serving customers as partners. From bags and boxes to pallets and strapping, Calpine supplies products that will protect customers' produce from field to market. Calpine’s footprint of 11 locations throughout key West Coast agricultural regions enables it to serve a customer base of more than 500 fresh produce growers and marketers. Calpine was formed in 1895 and is based in Clovis, California.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-08 Pet Food Express

Oakland, California, United States

Pet Food Express is an independent pet retailer, dedicated to helping pets live longer, healthier lives. Pet Food Express is based in Oakland, California.

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