Pros from Pittsburgh Launch Continuim

Pros from Pittsburgh Launch Continuim

The new firm has already acquired its first platform and the next transaction is under letter of intent

A new private equity firm, Continuim Equity Partners, has been founded in Pittsburgh to invest in family and founder-owned manufacturers and industrial businesses.

Continuim’s investment team is led by Managing Partner George Pilafas who has over fifteen years of investment and investment banking experience. Prior to co-founding Continuim, Mr. Pilafas was a vice president with PNC Mezzanine beginning in 2013. Joining Mr. Pilafas in co-founding Continuim is Brian Dandrea who previously led PNC Mezzanine’s business development and marketing functions.

“We are beyond excited to launch our new venture,” said Mr. Pilafas. “Together with our limited partners, we bring significant operating experience to benefit our deal partners and portfolio companies alike. Continuim focuses on people first – both business owners and their employees. We supplement the great companies they have created with time tested growth strategies that have resulted in decades of success.”

Just last week, Continuim closed on its first platform investment which will be announced later this month and has its second platform under letter of intent.

Continuim invests in business-to-business companies with $10 million to $50 million of revenue and $3 million to $10 million of EBITDA. Typical transaction types include buyouts and majority recapitalizations. The firm invests across the US but prefers companies located in western Pennsylvania and the surrounding region.

Continuim’s name is derived from continuous improvement which the firm uses to drive growth at its portfolio companies.

© 2021 Private Equity Professional | July 7, 2021

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