Summit Park has announced today that it has made an investment in Parkline, a modular metal buildings company. Summit Park’s investment financed the termination of Parkline’s ESOP, and will allow the company to pursue several opportunities for growth. Parkline’s senior management team is re-investing significantly in the company’s recapitalization.
Parkline is a manufacturer of highly engineered, site-erected and modular metal buildings primarily for industrial applications. Parkline’s structures are 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. The company is based in Winfield, WV (www.parkline.com). Summit Park makes investments in lower middle market companies in a range of industries that have revenues between $10 and $100 million or EBITDAs between $4 and $10 million. The firm is based in Charlotte, NC (www.summitparkllc.com).