Stellus Capital Management affiliates provided senior debt financing and an equity co-investment in support of Palm Peak Capital’s acquisition of Pacific Shoring Products, a manufacturer of trench safety equipment.
“Over the past 20 years, Pacific Shoring has proven itself as an industry leader and is poised for even greater success in the years ahead,” Dante Pavone, vice president at Palm Peak, said.
“We were thrilled to collaborate with Stellus due to their extensive industry expertise and experience,” Steve Liff, managing partner at Palm Peak, said. “Additionally, the team dedicated time to thoroughly understand the business, its prospects and future capital requirements, which will help support our broader strategic goals and growth.”
“We are grateful for the opportunity to partner with the Palm Peak and Pacific Shoring teams,” Adam Pollock, managing director at Stellus, said. “It means a lot that Palm Peak entrusted us to finance their initial platform investment. The company is well-positioned to benefit from favorable regulatory trends around worker safety and strong growth in infrastructure projects globally. We look forward to supporting Pacific Shoring’s next phase of growth.”
