High Street Capital is pleased to announce its investment in Pinnacle in partnership with the founder and existing members of the management team. Our investing and operating teams will work closely with Pinnacle’s management team to execute on the company’s growth plan, including expanding outsourced installation capacity, building human resource depth in the organization, entering new geographies, and adding new service offerings.
Pinnacle (pinnaclenc.com), headquartered in Kernersville, NC with additional locations in Raleigh, Charlotte, and Wilmington, provides concrete foundation and finishing services to single and multi-family home builders throughout North Carolina and parts of South Carolina. The company’s success has been driven by its ability to deliver concrete installation services efficiently and at scale while maintaining excellent quality and highly attentive customer service to its customers.
This acquisition represents High Street’s eighth platform investment for Fund V. Charlie Bossart, an HSC Principal, commented, “Pinnacle has a long history of steady and methodical organic growth since its founding in 2011. Over that time, Pinnacle has become a trusted and important trade partner to its customers while executing a growth playbook of capturing market share gains in existing geographies, entering new ones, adding ancillary services, and expanding into new end markets, including multi-family. High Street Capital is excited to partner with Pinnacle to continue this well-established growth plan.”
Please contact Charlie Bossart (312.423.8713 or charlie@highstreetcapital.com) with any questions or related opportunities which might be a fit for Pinnacle.
We continue to be focused on investing in the lower middle market and are looking for new platform investments with $3 to $15 million of EBITDA in the outsourced business services, niche manufacturing and value-added distribution spaces. If you are aware of any such opportunities, please let us know.