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Investment Summary

Source Capital Invests In Pinnacle Central

On October 28, 2024, private equity firm Source Capital invested in business services company Pinnacle Central

Investment Highlights
  • This is Source Capital’s 4th transaction in the Business Services sector.
  • This is Source Capital’s 38th transaction in the United States.
  • This is Source Capital’s 2nd transaction in Florida.

Investment Summary
Date 2024-10-28
Target Pinnacle Central
Sector Business Services
Investor(s) Source Capital
Deal Type Growth Capital
Advisor(s) Mensura Capital (Financial)
Nelson Mullins Riley & Scarborough (Legal)

Target

Pinnacle Central

Jacksonville, Florida, United States
Pinnacle Central is a provider of surface preparation and industrial equipment rental services and sales to the U.S. maritime, defense, industrial, and infrastructure industries. Pinnacle Central was founded in 1999 and is based in Jacksonville, Florida.

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Investor(S) 1

Investor

Source Capital

Atlanta, Georgia, United States

Investor Investor Investor Investor

Category Private Equity Firm
Founded 2002
Size Small
Type Sector Agnostic
DESCRIPTION

Source Capital is a private equity firm that invests in mature, smaller companies in a variety of sectors. The Firm generally looks to support management-backed leveraged acquisitions, recapitalizations, growth financings, and various turnaround situations. Source Capital's broad industry focus includes business services, consumer, distribution/supply, healthcare, and light manufacturing. The Firm prefers control investments, but will selectively review minority situations. Target companies are typically profitable with at least $2 million in EBITDA. Source Capital will not invest in venture deals, high tech, or real estate. Source Capital was formed in 2002 and is based in Atlanta, Georgia.

DEAL STATS #
Overall 38 of 41
Sector (Business Services) 4 of 4
Type (Growth Capital) 8 of 11
State (Florida) 2 of 2
Country (United States) 38 of 41
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-23 SamCo

Centennial, Colorado, United States

SamCo is a residential concrete services franchisor operating 80 active franchise units across 30 states. The company provides a wide range of residential concrete services, including driveway and sidewalk repair and replacement, patios and other small concrete projects. SamCo was formed in 1989 and is based in Centennial, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-02 CollectiveCare Dental

Moorestown, New Jersey, United States

CollectiveCare Dental is a provider of dental services. CollectiveCare Dental was founded in 2015 and is based in Moorestown, New Jersey.

Buy -
Mergr

Product

Company

Legal