Investment Summary

High Street Capital and Ironwood Capital Invest In Pinnacle Contracting Services

On March 1, 2023, private equity firm High Street Capital and growth capital firm Ironwood Capital invested in construction company Pinnacle Contracting Services

Investment Highlights
  • This is High Street Capital’s 2nd and Ironwood Capital’s 7th transaction in the Construction sector.
  • This is High Street Capital’s 25th and Ironwood Capital’s 91st transaction in the United States.
  • This is High Street Capital’s 1st and Ironwood Capital’s 4th transaction in North Carolina.

Investment Summary

Date 2023-03-01
Target Pinnacle Contracting Services
Sector Construction
Investor(s) High Street Capital
Ironwood Capital
Deal Type Growth Capital

Target

Pinnacle Contracting Services

Kernersville, North Carolina, United States
Pinnacle Contracting Services provides concrete foundation, flatwork, and finishing services to single and multi-family residential homebuilders. Pinnacle Contracting Services was founded in 2011 and is based in Kernersville, North Carolina.

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Investor(S) 2

Investor

High Street Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 165M USD
Size Small
Type Sector Agnostic
DESCRIPTION

High Street Capital is a private investment firm focused on acquiring lower middle-market businesses generating revenues $10-$100 million with an EBITDA up to $15 million. The Firm typically invests in recapitalizations, management buyouts and growth equity financings. Target sectors include business services, aerospace/defense, healthcare product manufacturers and suppliers, testing and analytical services, chemicals and coatings, specialty plastics, and test/measurement equipment manufacturers. High Street looks to commit $2 to $8 million of equity per transaction and will consider both control and non-control situations. High Street will not invest in retail businesses, restaurants, oil and gas, entertainment, commodities, turnarounds, or start-ups. High Street Capital was formed in 1997 and is based in Chicago, Illinois.


DEAL STATS #
Overall 25 of 26
Sector (Construction) 2 of 2
Type (Growth Capital) 5 of 5
State (North Carolina) 1 of 1
Country (United States) 25 of 26
Year (2023) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-16 Can-Do National Tape

Nashville, Tennessee, United States

Can-Do National Tape is a distributor of value-add conversion and custom-engineered products such as pressure-sensitive adhesive tapes, foams, films, foils, and related materials. Can-Do National Tape was founded in 1972 and is based in Nashville, Tennessee.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-01 Adams Magnetic Products

Elmhurst, Illinois, United States

Adams Magnetic Products is a manufacturing magnetic products, fabricator and distributor of all types of permanent magnets, magnetic assemblies, and devices alnico, ceramic, flexible magnets, neodymium, samarium cobalt, rare earth, magnet assemblies, stock or custom. Adams Magnetic Products was founded in 1950 and is based in Elmhurst, Illinois.

Buy -
Investor

Ironwood Capital

Avon, Connecticut, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1986
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Ironwood Capital is a private investment firm that makes equity and subordinated debt investments in lower middle-market companies. Investment proceeds are generally used to support leveraged buyouts, growth financings, and recapitalizations. Investments typically range from $10 to $40 million in companies generating $20 to $250 million in annual sales. Target sectors include healthcare products/services, value-added manufacturing, business services, consumer products, specialty distribution, and education. Ironwood prefers opportunities East of the Mississippi, but will selectively consider investments in the Western US. The Firm's investment horizon is three to five years. Ironwood Capital was formed in 2002 and is based in Avon, Connecticut.


DEAL STATS #
Overall 91 of 95
Sector (Construction) 7 of 7
Type (Growth Capital) 29 of 31
State (North Carolina) 4 of 4
Country (United States) 91 of 95
Year (2023) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-05 Le Sueur

Le Sueur, Minnesota, United States

Le Sueur is a supplier of complex precision aluminum castings and plastic injection molded components. Le Sueur was founded in 1946 and is based in Le Sueur, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-15 Pharmaceutic Litho & Label

Simi Valley, California, United States

Pharmaceutic Litho & Label is a provider in the specialty printing industry exclusively serving the pharmaceutical, biotech, and medical device segments. Pharmaceutic Litho & Label was founded in 1964 and is based in Simi Valley, California.

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