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citybizlist : Washington DC : Sole Source Capital Acquires Peak-Ryzex and Optical Phusion
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Sole Source Capital Acquires Peak-Ryzex and Optical Phusion Inc.
April 9, 2021 GMT
SANTA MONICA, Calif. (BUSINESS WIRE) Apr 9, 2021
Sole Source Capital LLC, an industrial-focused private equity firm, announced today the acquisition of Peak-Ryzex from Keystone Capital and Optical Phusion Inc. (“OPI”) from its founders, two leading providers of automatic identification, data capture (“AIDC”) and factory automation solutions. The companies will be merged and led by Peak-Ryzex CEO Juliann Larimer, CFO Michele Adams and OPI President Tony Rivers. Terms of the transactions were not disclosed.
Grand Rapids Business Journal
A locally based private equity fund invested in its fifth portfolio company.
Charter Growth Capital Fund (CGCF), a fund managed by the principals of Grand Rapids-based Charter Capital Partners, said last week that it invested in Premier Engineered Products (PEP).
CGCF provided mezzanine debt in support of the recapitalization. Birmingham-based Colfax Creek is the lead investor in the transaction. Colfax Creek with Mike Ryan PEP president and CEO formed PEP in January 2019 to recapitalize Appalachian Cast Products (ACP) and integrate Premier Die Casting’s production into its facility in Abingdon, Virginia.
CGCF invests up to $5 million of mezzanine debt and/or equity capital into lower middle-market companies. The fund supports companies that are seeking funding for growth, succession or recapitalization. While the fund typically focuses on Great Lakes-based companies, the team’s existing relationship with Colfax Creek led to its investment in
Charter Growth Capital Fund Invests in Premier Engineered Products
Colfax Creek-led recapitalization represents Charter Growth Capital Fund s fifth portfolio company
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GRAND RAPIDS, Mich., Jan. 20, 2021 /PRNewswire/ Charter Growth Capital Fund (CGCF) today announced its investment in Premier Engineered Products (PEP). CGCF provided mezzanine debt in support of the recapitalization. Birmingham, Michigan-based Colfax Creek is the lead investor in the transaction. Colfax Creek with Mike Ryan formed Premier Engineered Products in January 2019 to recapitalize Appalachian Cast Products (ACP) and integrate Premier Die Casting s production into its facility in Abingdon, Virginia.
Managed by principals of Charter Capital Partners, CGCF invests up to $5 million of mezzanine debt and/or equity capital into lower middle-market companies. The fund supports companies that are seeking funding for growth, succession or recapitalization. W
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