Trending...
- T. Jones Group's Cameron Jones Serves as Judge for the 2026 CHBA National Awards for Housing Excellence
- $29.8 Million Record Setting Q1 with Boosted Annual Guidance to $160 Million for Expanding Pre-Owned Boat Dealer: Off The Hook YS, Inc. N Y S E: OTH
- SRK Collective Media Group Launches with a Modern Approach to Media, Authority Building, and Cultural Visibility
CHARLOTTE, N.C. ~ Summit Park, a Charlotte, North Carolina-based private equity firm, has announced the sale of its portfolio company, Parkline Inc., to Trachte LLC, a portfolio company of Palladium Equity Partners.
Headquartered in Eleanor, West Virginia, Parkline is a leading manufacturer of custom engineered modular metal building solutions with mission critical applications across diverse end markets. Founded in 1973 as an independent company, Parkline produces buildings and enclosures for control, distribution, monitoring and optimization applications in the energy, utility, industrial and infrastructure markets.
Bob Calton, co-Managing Partner at Summit Park said: "We have enjoyed our longstanding partnership with Parkline and are proud of the evolution and expansion of the business over the time of our investment. Bill Estep and the entire Parkline team have done a great job executing the strategic vision of the Company resulting in significant growth and a reputation as a trusted industry leader. Summit Park looks forward to following Parkline's future success."
More on ncarol.com
During Summit Park's ownership period, Parkline broadened its capabilities and successfully expanded into new geographies and end markets. The Company grew its manufacturing capacity and capabilities through its acquisition of Bebco Industries which specializes in heavy-gauge metal buildings for applications across the industrial, chemical and energy end markets.
Bill Estep CEO of Parkline added: "Throughout Summit Park's ownership we made significant investments in our business and team to expand our service offerings and pursue new opportunities. We have thoroughly enjoyed our partnership with Summit Park and are excited for our next chapter of growth as a part of Trachte."
The transaction marks Summit Parks third exit from its first fund - Summit Parks I-A - with Livingstone Partners serving as financial advisor while McGuireWoods LLP acted as legal advisor to both parties involved in this transaction.
Headquartered in Eleanor, West Virginia, Parkline is a leading manufacturer of custom engineered modular metal building solutions with mission critical applications across diverse end markets. Founded in 1973 as an independent company, Parkline produces buildings and enclosures for control, distribution, monitoring and optimization applications in the energy, utility, industrial and infrastructure markets.
Bob Calton, co-Managing Partner at Summit Park said: "We have enjoyed our longstanding partnership with Parkline and are proud of the evolution and expansion of the business over the time of our investment. Bill Estep and the entire Parkline team have done a great job executing the strategic vision of the Company resulting in significant growth and a reputation as a trusted industry leader. Summit Park looks forward to following Parkline's future success."
More on ncarol.com
- Mutant-Fueled Bio-Cyberpunk Shooter HoverGrease 2 Launches May 22
- Triple-Digit Growth, OTCQX Market Upgrade and a Rapidly Expanding Specialty Healthcare Platform: Cardiff Lexington Corporation: Stock Symbol: CDIX
- XRPPower Continues Strengthening Its Global AI-Powered Blockchain Ecosystem
- Lick Introduces Pineapple Flavored Massage Oil — A Tropical Date Night Favorite Available on Amazon
- FutureLot Powers ADU Wizard for Massachusetts Clean Energy Center's Statewide ADU Resource Center
During Summit Park's ownership period, Parkline broadened its capabilities and successfully expanded into new geographies and end markets. The Company grew its manufacturing capacity and capabilities through its acquisition of Bebco Industries which specializes in heavy-gauge metal buildings for applications across the industrial, chemical and energy end markets.
Bill Estep CEO of Parkline added: "Throughout Summit Park's ownership we made significant investments in our business and team to expand our service offerings and pursue new opportunities. We have thoroughly enjoyed our partnership with Summit Park and are excited for our next chapter of growth as a part of Trachte."
The transaction marks Summit Parks third exit from its first fund - Summit Parks I-A - with Livingstone Partners serving as financial advisor while McGuireWoods LLP acted as legal advisor to both parties involved in this transaction.
Filed Under: Business
0 Comments
Latest on ncarol.com
- SteelTree Announces Launch of Its Operational Decision Intelligence Service
- Advanced AI Capabilities Reflected by Upcoming Company Name and Stock Symbol Change for Evolving Pre-Owned Boat Dealer: Off The Hook YS: N Y S E: OTH
- AI-Driven Defense Expansion, Autonomous Systems and Israeli Aerospace Manufacturing Platform: VisionWave Holdings (N A S D A Q: VWAV)
- AI Predicts the Most Likely 2026 FIFA World Cup Winner
- The AI Production Shift: Why Game Development Is Entering Its Most Accelerated Phase
- World-First AI Humanoid Robot Debuts on Cherie Barber's Ground-breaking Australian Reno Show
- New Survey Reveals America's Most Feared Bridges for Cyclists — Golden Gate Tops the List
- Raymond Lavine, Extended Care Benefits Advisor and Author, to Appear on National Television Series Moving America Forward
- NaturismRE Launches Structured Nudism & Naturism Encyclopedia, Aiming to Reframe Public Understanding
- AI Is Closing the Gap Between Offshore Virtual Assistants and Onshore Staff
- CCHR Highlights Concerns Over Coercive and Failed $140 Billion Mental Health Practices at Psychiatric Convention
- Avery Headley Leads Major Stabilization and Modernization Initiative Across Bronx Affordable Housing Portfolio
- America's Boating Channel® Releases New Video Explaining Give-Way and Stand-On Vessel Navigation Rules
- NewReputation's AI Sentiment Analysis Tool Reaches 2,500 Users as Businesses Demand Clearer Brand Intelligence
- Sunday Best Winner Tasha Page-Lockhart Headlines A'Leurer's 1-Year Anniversary Celebration in Greensboro
- CAPO Supply Announces Opening of Second Location in New Castle, Pennsylvania
- $224 Billion Growing Market in Life Settlements Presents Major Opportunity for New Policy Acquisition Business Plan: DLT Resolution Stock Symbol: DLTI
- New from Regal House Publishing, Margery and Me, based on the true story of psychic Margery Crandon
- Fyt-02 Launches on Kickstarter The Smart Sensor That Turns Any Chair Into a Posture & Movement Track
- YieldOMega Launches $DOUB Airdrop Campaign Ahead of TimeCurve Launch