M&A Deal Summary

Trachte Acquires Parkline

On May 5, 2023, Trachte acquired building materials company Parkline from Summit Park

Acquisition Highlights
  • This is Trachte’s 1st transaction in the Building Materials sector.
  • This is Trachte’s 1st transaction in the United States.
  • This is Trachte’s 1st transaction in West Virginia.

M&A Deal Summary
Date 2023-05-05
Target Parkline
Sector Building Materials
Buyer(s) Trachte
Sellers(s) Summit Park
Deal Type Add-on Acquisition
Advisor(s) Livingstone Partners (Financial)
McGuireWoods (Legal)

Target

Parkline

Eleanor, West Virginia, United States
Parkline. is a manufacturer of highly engineered, site-erected and modular metal buildings utilized for a variety of applications in the electrical utility, oil and gas transmission and distribution, wind energy, self-storage, wastewater treatment, and telecommunications industries. Parkline was founded in 1973 and is based in Eleanor, West Virginia.

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Buyer(S) 1

Buyer

Trachte

Oregon, Wisconsin, United States
Category Company
Founded 1919
Sector Building Materials
DESCRIPTION

Trachte is a provider of engineered buildings, hardware, and related solutions that house electrical controls, switchgear, and other advanced equipment and systems. Its products serve a broad base of customers including electrical utility, renewable energy companies, hospitals and data centers. The Company’s design engineering, project management and related value-added services and reputation for quality make it the provider of choice for leading utilities and equipment OEMs. Trachte was founded in 1919 and is based in Oregon, Wisconsin.

DEAL STATS #
Overall 1 of 1
Sector (Building Materials) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (West Virginia) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1

Seller(S) 1

SELLER

Summit Park

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2005
PE ASSETS 245M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Summit Park Partners is a private investment firm that acquires lower middle-market companies. Summit Park looks for profitable, established businesses in consumer services, business services, value-added distribution, and light manufacturing. The Firm targets businesses with revenues of $20 to $150 million and EBITDA between $4 and $15 million. Prospective transaction types include recapitalizations, management buyouts, family successions, corporate divestitures, and industry consolidations. Summit's geographic preference is within the Southeast and Mid-Atlantic US. Summit Park was formed in 2005 and is based in Charlotte, North Carolina.

DEAL STATS #
Overall 11 of 12
Sector (Building Materials) 1 of 1
Type (Add-on Acquisition) 5 of 5
State (West Virginia) 1 of 1
Country (United States) 11 of 12
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-17 TIE

Clinton Township, Michigan, United States

TIE is specialized in the repair, refurbishment, and replacement of industrial electronic parts. TIE was founded in 1992 and is based in Clinton Township, Michigan.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-04 Michelli Weighing & Measurement

New Orleans, Louisiana, United States

Michelli Weighing & Measurement is a test and measurement business providing calibration, maintenance, inspection, and installation services and products for industrial weighing equipment, precision measurement devices, and calibration equipment. Michelli Weighing & Measurement was founded in 1947 and is based in New Orleans, Louisiana.

Buy -
Mergr

Product

Company

Legal