Cobalt Service Partners, a platform formed by Alpine Investors in September 2023, has acquired Piedmont Door Solutions. Piedmont Door designs, installs, and maintains commercial doors throughout the Southeast, Southwest, and Mid-Atlantic with locations in North Carolina (3), Texas (2), South Carolina, Maryland, Georgia, Alabama, and Florida. Piedmont is active across numerous segments of the commercial […]
Archives for December 8, 2023
Start Your Engines: Velocity Capital Buys Parella Motorsports
Velocity Capital Management has acquired Parella Motorsports Holdings (PMH), a provider of live motorsports racing events. PMH owns five major road racing series and hosts racing festivals across the United States under its SpeedTour brand. PMH was founded in 2012 by CEO Tony Parella and is headquartered in Plano, Texas. PMH’s five series include the […]
Shorehill Electrified by Latest Exit
Shorehill Capital has sold Power Grid Components to Blackstone. Power Grid is a designer and manufacturer of components used for protection, monitoring, and safety applications in electrical substations which manage and monitor power flows and convert electricity into different voltages. Power Grid was formed by Shorehill in September 2017 in partnership with electric utility products […]
Platte River Builds New Fluid Conveyance Distribution Platform
Platte River Equity has formed a new platform to acquire TIPCO Technologies and HydraTech Industrial, two distributors of fluid conveyance and sealing products. TIPCO is a distributor of hydraulic and industrial hoses, fittings and connectors to OEM and MRO customers. The founding of TIPCO dates to 1888 but the company was incorporated as George P. […]
