Trachte LLC, a provider of protection and control buildings and a portfolio company of Palladium Equity Partners, has purchased Parkline Inc., a manufacturer and service provider, from Summit Park.
Parkline manufactures metal buildings for industrial and commercial applications. The company operates two manufacturing facilities in West Virginia and Texas. The transaction looks to bring access to technology, product lines, increased manufacturing capacity and service capabilities to Trachte’s customers. The combined Trachte and Parkline will have manufacturing capacity in the mid-Atlantic and southwestern U.S., Wisconsin and northeast Georgia. Summit Park will be rolling equity into the transaction.
“This transaction is all about growing with our customers and supporting their important priorities, such as upgrading an aging power grid, expanding data centers, and accelerating the buildout of renewable power systems,” states Shawn Smith, chief executive officer of Trachte.
Stephens Inc. served as financial advisor to Trachte and Palladium Equity Partners, and Livingstone Partners served as financial advisor to Parkline and Summit Park in connection with the transaction. Morrison & Foerster LLP served as legal advisor to Trachte and Palladium, and McGuireWoods LLP acted as legal advisor to Parkline and Summit Park.