HCAP Partners has made an investment in Gondola Skate Moving Systems, a provider of fixture mobilization equipment.
Gondola Skate engineers and manufactures lightweight and durable skates that easily slide under heavy furniture and fixtures to allow logistics managers and warehousing professionals to safely and efficiently move retail shelving platforms and pallet racking systems.
Shelving systems are often referred to as “gondola fixtures” because they resemble the shape of a gondola boat, with long, narrow shelves extending from a central support structure. This term is commonly used in retail environments, particularly in supermarkets, convenience stores, and other retail spaces where these fixtures are prevalent.
Gondola Skate, led by CEO Frank Cozza, was founded in 1997 and is headquartered in San Diego with additional distribution centers in Dallas, Nashville, Calgary, Toronto, and international facilities in the United Kingdom, Australia and China.
“We’re delighted to welcome HCAP as a strategic investor in Gondola Skate Moving Systems,” said Mr. Cozza. “My team and I are elated about the opportunities HCAP’s support will harness. This collaboration will allow us to help protect more warehousing professionals while also reducing costs for retailers and helping us expand our footprint.”
“We’re excited to partner with another founder-led and locally rooted San Diego business that is helping some of the largest employers in our country renovate, upgrade, and redesign their retail and warehouse platforms,” said Christopher Fallone, a vice president at HCAP. “We look forward to working with the team to help them grow their customer base while assisting to improve internal job quality for the existing employee base and planned new hires.”
HCAP is a provider of mezzanine and equity capital to lower middle-market companies throughout California and the Western United States. The firm invests from $3 million to $15 million in businesses with $10 million to $100 million in revenue that are active in the healthcare, software, services, and manufacturing sectors. HCAP has invested in over 60 companies since its founding in 2000 and is headquartered near San Diego in La Jolla, California.
© 2024 Private Equity Professional | April 11, 2024
