High Street Capital had much to celebrate last year. Here are some of the highlights:
Two New Platforms: We made our eighth and ninth Fund V platform investments in Pinnacle Contracting Services, which provides concrete foundation and finishing services to single and multi-family home builders throughout North Carolina and South Carolina, and Adams Magnetic Products, a value-added distributor and fabricator of magnetic products and assemblies to a wide variety of North American end markets, in February and October 2023, respectively.
One Exit: We sold our interest in Can-Do National Tape, a Fund IV portfolio company and value-added customizer, converter and distributor of adhesive tapes, foams, films, and foils to diverse end markets, in January 2023.
Two Portfolio Company Add-Ons: With our support, Fund V portfolio company Tramec acquired CS Automation, a designer and manufacturer primarily of pneumatic automation controls, and Bohm + Leckner Multi Moulds, a manufacturer of rubber and hose products primarily to Asian and European markets, in May and September 2023, respectively.
Investing Team Promotions: Investing team members Blake Bartolomei and Derek Gollnitz were promoted to Principal in November 2023. Blake and Derek have been with High Street since 2018 and 2019, respectively, and as core members of the investment team they lead the identification, sourcing, and execution of new platform opportunities while providing portfolio company support and oversight among other initiatives for the firm.
Building on 2023: We look to continue the strong momentum in 2023 as we start the new year and seek new platform investment opportunities in the areas of outsourced business services, niche manufacturing, and value-added distribution. Please contact us with businesses generating revenues between $10 million and $100 million where our capital, experience, and ideas could drive further growth.