Investment Summary

Pine Street Capital Partners and Tensile Capital Management Invest In TPC

On August 1, 2023, mezzanine finance firm Pine Street Capital Partners and private equity firm Tensile Capital Management invested in manufacturer TPC

Investment Highlights
  • This is Pine Street Capital Partners’ 7th and Tensile Capital Management’s 1st transaction in the Manufacturing sector.
  • This is Pine Street Capital Partners’ 44th and Tensile Capital Management’s 1st transaction in the United States.
  • This is Pine Street Capital Partners’ 2nd and Tensile Capital Management’s 1st transaction in Illinois.

Investment Summary

Date 2023-08-01
Target TPC
Sector Manufacturing
Investor(s) Pine Street Capital Partners
Tensile Capital Management
Deal Type Growth Capital

Target

TPC

Chicago, Illinois, United States
TPC is an operator of a portfolio of small to medium U.S.-based specialised manufacturers offering specialised fabrication, optics experts, and precision machining. TPC is based in Chicago, Illinois.

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Investor(S) 2

Investor

Pine Street Capital Partners

Albany, New York, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2004
PE ASSETS 425M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Pine Street Capital Partners provides mezzanine capital to small and medium-sized private and public companies. PSCP will consider investments from $3 to $15 million in companies generating at least $10 million of sales. Target sectors include manufacturing, business services, consumer products, healthcare and media. PSCP prefers investments in the Northeast and Mid-Atlantic regions of the US, but will consider opportunities nationwide. Investment funds are typically used to support strategic acquisitions, growth, management and employee buyouts, and leveraged recapitalization. PSCP will not invest in the real estate, biotech and oil & gas industries. Pine Street Capital Partners was formed in 2004 and is based in Albany, New York.


DEAL STATS #
Overall 44 of 49
Sector: Manufacturing M&A 7 of 7
Type: Growth Capital M&A Deals 15 of 18
State: Illinois M&A 2 of 2
Country: United States M&A 44 of 49
Year: 2023 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-06 Dealer Solutions & Design

Duluth, Georgia, United States

Dealer Solutions & Design is a provider of the automotive fixed operation approach to design and outfitting fixed operations facilities with shop equipment for new and renovated automobile dealerships. DSD has now been involved in over 700 facility projects. Dealer Solutions & Design was founded in 2005 and is based in Duluth, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-13 MarketBridge

Bethesda, Maryland, United States

MarketBridge is a consultancy for go-to-market strategy and analytics. MarketBridge was founded in 1991 and is based in Bethesda, Maryland.

Buy -
Investor
DESCRIPTION

Tensile Capital Management is an investment firm employing an opportunistic value strategy across public and private markets. The Firm makes concentrated, high-conviction investments while also structuring selective private-equity-style, minority investments. Tensile Capital Management was formed in 2012 and is based in Larkspur, California.


DEAL STATS #
Overall 1 of 2
Sector: Manufacturing M&A 1 of 1
Type: Growth Capital M&A Deals 1 of 1
State: Illinois M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2023 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-15 Plenergy

Madrid, Spain

Plenergy operates low-cost automatic service stations in billing, liters sold, and refueling, concentrating almost half of the new service station openings in last year. The service stations operate with a convenient automatic payment system (payment with credit card or cash at the pump) and fully comply with environmental and safety regulations. Plenergy is based in Madrid, Spain.

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