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SANTA ROSA, Calif. — Palm Peak Capital (“Palm Peak”), a private equity firm investing in lower-middle market companies, is pleased to announce that its portfolio company, Pacific Shoring Products, LLC (“Pacific Shoring”) has acquired Prospan Shoring (“Prospan”). Located in Bensenville, IL, Prospan introduced aluminum pneumatic vertical shoring and vehicle stabilization products in 1984 and has been a leader in those product offerings across the USA. As part of the acquisition, Pacific Shoring Products also acquired the existing patents and trademarks.
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Bruce Russell, CEO of Pacific Shoring Products, LLC said, “Pacific Shoring Products is excited to add Prospan’s pneumatic vertical shoring and vehicle stabilization safety products to our ever-expanding product offering. Prospan’s reputation for quality products and incredible customer service aligns with Pacific Shoring’s commitment to be Quality Driven and Lead Time Focused.
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“The products’ inventor and Prospan’s President, James (Jim) Sullivan, will join Pacific Shoring Products as our Safety and Rescue Product Manager post-acquisition. We are thrilled to add Jim’s experience, product knowledge, and industry reputation to our team.”
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About Palm Peak Capital
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Palm Peak Capital, LLC is a private equity firm that invests in lower-middle market industrial and services companies across North America. Palm Peak targets control buyouts of fundamentally sound businesses with tangible opportunities for operational improvement. The Firm seeks to provide integrated, comprehensive support for portfolio company teams with its operational value creation playbook to ultimately achieve “Peak Performance.” For more information, please visit www.palmpeakcapital.com.
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About Pacific Shoring
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Pacific Shoring was founded in 2005 and is one of the leading manufacturers of trench shoring equipment in the United States. Pacific Shoring designs, builds and tests all its products at its two manufacturing plants in Santa Rosa, California and Pearland, Texas. Pacific Shoring is dedicated to producing quality shoring and shield products, rigorously tested to the highest standards. Pacific Shoring’s in-house design team, with vast experience in the underground shoring industry, produces the ideal custom assembly solutions for its customers. For more information, please visit: www.pacificshoring.com.
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Contacts
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Media Contact:
Lisa Merring
[email protected]
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English (US)