Investment Summary

CenterGate Capital Invests In Rasmussen Equipment

On June 3, 2022, private equity firm CenterGate Capital invested in business services company Rasmussen Equipment Co.

Investment Highlights
  • This is CenterGate Capital’s 3rd transaction in the Business Services sector.
  • This is CenterGate Capital’s 9th transaction in the United States.
  • This is CenterGate Capital’s 1st transaction in Washington.

Investment Summary

Date 2022-06-03
Target Rasmussen Equipment Co.
Sector Business Services
Investor(s) CenterGate Capital
Deal Type Growth Capital

Target

Rasmussen Equipment Co.

Seattle, Washington, United States
website
Rasmussen supplies construction companies, barge and tugboat operators, marine contractors, the timber and logging industry, fishing companies, and general contractors of all kinds, an extensive line of industrial grade, marine construction products for rent and for purchase. Rasmussen was formed in 1936 and is based in Seattle, Washington.

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Investor(S) 1

Investor

CenterGate Capital

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2014
PE ASSETS 350M USD
SizeMiddle-Market
Type Sector Agnostic
DESCRIPTION

CenterGate Capital is a private equity firm focused on improving and growing lower middle market companies. The Firm looks to partner with companies generating $20 to $250 million in revenues. Sectors of interest include business services, industrials, energy services, consumer, and healthcare services. Prospective transaction situations include buyouts, divestitures, recapitalizations, shareholder liquidity needs, and restructurings. CenterGate Capital was founded in 2014 and is based in Austin, Texas.


DEAL STATS #
Overall 10 of 11
Sector (Business Services) 3 of 4
Type (Growth Capital) 5 of 6
State (Washington) 1 of 1
Country (United States) 9 of 10
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-23 TSC Apparel

Blue Ash, Ohio, United States

TSC Apparel is a national B2B distributor of imprintable apparel products and accessories. TSC stocks and sources thousands of styles of casual shirts, fleeces, headwear, sport shirts, outerwear, and accessories from six warehouses nationwide and three warehouses in China. TSC Apparel was founded in 2000 and is based in Blue Ash, Ohio.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-14 United Envelope LLC

Ridgefield, New Jersey, United States

United Envelope is an envelope manufacturing and printing company offering a wide array of client-specific, printed envelope products. United Envelope manufactures and prints billions of envelopes annually for a broad base of customers across a variety of end markets. United Envelope is based in Ridgefield, New Jersey.

Buy -