Investment Summary

Princeton Equity Group Invests In Pirtek USA

On October 31, 2023, private equity firm Princeton Equity Group invested in business services company Pirtek USA

Investment Highlights
  • This is Princeton Equity Group’s 1st transaction in the Business Services sector.
  • This is Princeton Equity Group’s 9th transaction in the United States.
  • This is Princeton Equity Group’s 2nd transaction in Florida.

Investment Summary
Date 2023-10-31
Target Pirtek USA
Sector Business Services
Investor(s) Princeton Equity Group
Deal Type Growth Capital

Target

Pirtek USA

Rockledge, Florida, United States
Pirtek USA franchisees provide hydraulic and industrial hose maintenance and replacement services through on-site mobile and service centers. Pirtek has a 1-hour ETA for on-site hose service and is available 24/7/365 to minimize equipment downtime and eliminate the need for customers to leave their job sites or facilities. Pirtek USA was founded in 1998 and is based in Rockledge, Florida.

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Investor(S) 1

Investor

Princeton Equity Group

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2019
Size Small
Type Sector Focused
DESCRIPTION

Princeton Equity Group is a private equity firm focused on investing in franchisor and multi-unit businesses where it can assist with franchisee development, marketing, human capital, and real estate strategies. Franchisor categories of interest include consumer, healthcare, and business services. Princeton Equity Group was formed in 2019 and is based in Princeton, New Jersey.

DEAL STATS #
Overall 9 of 9
Sector (Business Services) 1 of 1
Type (Growth Capital) 7 of 7
State (Florida) 2 of 2
Country (United States) 9 of 9
Year (2023) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-03 Stretch Zone

Fort Lauderdale, Florida, United States

Stretch Zone is a franchisor focused on stretch therapy solutions and the only company that combines a proprietary stretch method with patented stretching equipment (Stretch Zone Stabilization System) to improve muscle function throughout the body. Stretch Zone was founded in 2004 and is based in Fort Lauderdale, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-18 Card My Yard

Austin, Texas, United States

Card My Yard is a franchisor of short-term celebratory yard greetings, including large letters, custom graphics, or signage installed on a customer’s lawn to memorialize a milestone event. Card My Yard was founded in 2014 and is based in Austin, Texas.

Sell -
Mergr

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