Investment Summary

Pfingsten Partners Invests In Tempest

On December 13, 2022, private equity firm Pfingsten Partners invested in technology hardware company Tempest

Investment Highlights
  • This is Pfingsten Partners’ 3rd transaction in the Technology Hardware sector.
  • This is Pfingsten Partners’ 55th transaction in the United States.
  • This is Pfingsten Partners’ 4th transaction in California.

Investment Summary
Date 2022-12-13
Target Tempest
Sector Technology Hardware
Investor(s) Pfingsten Partners
Deal Type Growth Capital

Target

Tempest

Santa Barbara, California, United States
Tempest is a national, multi-vendor provider of telecommunications equipment, repair and maintenance services, third-party logistics support, remote technical services and critical power solutions. The company's products and services are used in the wireless, wireline and rural telecommunications industries to support customer network maintenance, upgrades and expansions, shorten deployment timeframes and lower overall network maintenance costs. Tempest was founded in 2005 and is based in Santa Barbara, California.

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Investor(S) 1

Investor

Pfingsten Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
PE ASSETS 1.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION
Pfingsten's office building at 300 North LaSalle in Chicago.
Pfingsten's office building at 300 North LaSalle in Chicago.

Pfingsten Partners is a private equity firm focused on investments in niche manufacturing, distribution, and business services companies. The Firm targets platform companies headquartered in the US although add-on acquisitions can be located outside the US. Prospective companies typically have revenues of $20 to $150 million and EBITDA of $3 to $12 million. Transaction types include private companies undergoing an ownership transition, corporate divestitures, strategic add-ons, and turnarounds. Pfingsten only invests in situations allowing for control. Pfingsten will not invest in real estate, natural resources, highly regulated businesses, retail, restaurants, early-stage companies, or technology. Pfingsten Partners was formed in 1989 and is based in Chicago, Illinois.

DEAL STATS #
Overall 55 of 56
Sector (Technology Hardware) 3 of 3
Type (Growth Capital) 10 of 10
State (California) 4 of 5
Country (United States) 55 of 56
Year (2022) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-08 Quality Valve

Mobile, Alabama, United States

Quality Valve is a distributor of OEM replacement parts for safety and relief valves repair companies. The company utilizes its significant product knowledge, industry-leading selection of parts and quick-turn capabilities to help customers react to valve repairs and ensure safety for end-users around world. Quality Valve was founded in 1994 and is based in Mobile, Alabama.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-25 Pacific Lasertec

San Marcos, California, United States

Pacific Lasertec is a manufacturer of specialty lasers and related power supplies. PLT’s products support critical applications across medical diagnostics, semiconductor, scientific research and development, advanced manufacturing and life sciences end markets. Pacific Lasertec was founded in 1979 and is based in San Marcos, California.

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