Investment Summary

True West Capital Partners Invests In Marine Floats

On December 1, 2023, private equity firm True West Capital Partners invested in marine company Marine Floats

Investment Highlights
  • This is True West Capital Partners’ 1st transaction in the Marine sector.
  • This is True West Capital Partners’ 17th transaction in the United States.
  • This is True West Capital Partners’ 2nd transaction in Washington.

Investment Summary

Date 2023-12-01
Target Marine Floats
Sector Marine
Investor(s) True West Capital Partners
Deal Type Growth Capital

Target

Marine Floats

Tacoma, Washington, United States
website
Marine Floats is a specialty marine contractor providing environmental and regulatory advisory services, marina and floating dock design, construction and installation services, for commercial and residential customers in the Pacific Northwest. Marine Floats was founded in 1976 and is based in Tacoma, Washington.

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Investor(S) 1

DESCRIPTION

True West Capital Partners is a private investment firm focused on lower middle-market company investments in the Western US. The Firm looks to commit $5 to $25 million into profitable businesses to support acquisitions, growth initiatives, buyouts, recapitalizations, and refinancings. True West does not have any sector preferences, but does avoid real estate, startups and project financings. True West Capital Partners was formed in 2009 and is headquartered in Los Angeles, California.


DEAL STATS #
Overall 17 of 20
Sector (Marine) 1 of 1
Type (Growth Capital) 8 of 10
State (Washington) 2 of 2
Country (United States) 17 of 20
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-05 Astech

Santa Ana, California, United States

Astech is a provider of welded honeycomb metallic aerostructures to the global aerospace and defense industry. The company designs and manufactures an innovative product line of welded honeycomb metallic aerostructures for commercial and military aircraft, missiles, and space vehicles. Astech has a strong track record of helping customers achieve their goals of creating value and competitive advantage. Astech was founded in 1947 and is based in Santa Ana, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-03 Fromm International

Mount Prospect, Illinois, United States

Fromm International is a manufacturer and distributor of shears, salon apparel, hair accessories, brushes, combs, foil, gloves and towels used by both professionals and consumers. Company-owned brands include Fromm Pro, The Hair Edit, and Diane. Fromm International was founded in 1907 and is based in Mount Prospect, Illinois.

Buy -