PNC Riverarch Capital led the recapitalization of Steelite International, a designer, manufacturer and distributor of tableware, glassware and other tabletop products to restaurants, hotels and other foodservice operators.

The transaction included a significant re-investment by Steelite executive John Miles, who will lead the business going forward.

Founded in 1983, Steelite manufactures and distributes tabletop ranges to a customer base that includes large international restaurant and hotel chains, as well as high-end independent restaurants. The company is focused on providing complete tabletop solutions to its customers, who typically work in close consultation with Steelite to design and manage their unique tabletop programs.

“I am excited to partner with PNC Riverarch Capital to build on the history of accomplishment and growth at Steelite,” said Miles. “We remain committed to delivering to our customers innovative tabletop solutions, supported by world-class manufacturing and customer service operations. We look forward to the company’s next phase of growth.”

Steelite is headquartered in New Castle, PA and Stoke-on-Trent, UK.

PNC Riverarch Capital is a middle-market private equity firm which invests in privately held companies headquartered in North America.