Parkway Capital (“Parkway”) is pleased to announce an investment in Precision Piping Products (“P3 or the “Company”). The transaction was led by Tico Capital Partners and 7 Seas Capital, who partnered with the senior management team to lead the recapitalization of the Company. Parkway and Pine Street Capital Partners (“Pine Street”) invested subordinated debt and equity in support of the transaction.

Founded in 2014 and headquartered in Houston, TX, P3 manufactures and distributes flange protectors which are used to protect flanges and pipes from debris and corrosion during transportation and construction. P3 maintains patent protections on its adhesive process and utilizes a proprietary adhesive solution, setting it apart from other flange protection and preservation systems.

For more information, please visit:
https://www.precisionpipingproducts.com/

 

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About Parkway Capital

Since 2000, Parkway Capital has made investments in partnership with management, funded and independent equity sponsors, and family offices, providing flexible junior capital alternatives for lower middle market companies. Joining forces with the Calvert Street Investment Partners team in 2019, Parkway has an experienced, mezzanine-focused investment group that continues a more than two-decade long legacy of making mezzanine and minority equity investments. The Parkway investment professionals have collectively invested more than $535 million of capital across 75+ portfolio companies.

About Calvert Street Investment Partners

Calvert Street Investment Partners invests in lower middle-market companies through two distinct investment strategies: Crescentia Capital, its equity buyout business, and Parkway Capital, its mezzanine business. Collectively, Calvert Street Investment Partners’ investment professionals have invested over $1.1 billion in 150+ companies since 1995.