Add-On Acquisition Accelerates Persona-Triangle's Growth in
Facility Services
BALTIMORE, Md., Jan. 7, 2025
/PRNewswire/ -- Exeter Street Capital Partners ("Exeter"), the
private equity affiliate of Patriot Capital Group, today announced
that its portfolio company Exeter Image Holdings, LLC
("Persona-Triangle") has acquired Advanced Facility Solutions, LLC
("AFS").
Founded in 2019 and headquartered in Saddle Brook, NJ, AFS has rapidly emerged as a
leading national provider of facilities maintenance and
construction services for some of the largest brands in
the United States. Serving
industries such as retail, convenience, storage, healthcare, and
education, AFS delivers tailored solutions designed to meet the
diverse needs of its clients.
"We are thrilled to welcome Advanced Facility Solutions to our
family," said Greg Kulesa, CEO of
Persona-Triangle. "AFS is a national, multi-service facility
maintenance and construction company known for its passionate team
of professionals who drive success and exceptional customer
service. The AFS team will greatly expand our ability to serve our
core customers' broader facility services requirements, and is
strategically accretive to Persona-Triangle as we advance our
market leadership in multiple subsectors."
AFS's turnkey solutions include reactive and preventive
maintenance services, rollout programs, and large-scale
construction projects—available on-demand, 24/7/365. Their
streamlined operations and cutting-edge technology provide clients
with efficient, proactive, and cost-saving solutions. By combining
trade expertise with a focus on consumer-centric environments, AFS
empowers property owners and managers to operate their locations
economically, efficiently, and effectively. AFS sets itself apart
with an unwavering commitment to relationships with clients,
employees, partners, as well as the communities they serve.
Together with Persona-Triangle, one of the largest commercial
signage providers in the United
States, AFS and Persona-Triangle will offer customers
tremendous one-stop facility services capabilities covering a wide
range of facility requirements. While AFS will continue to serve
its respective customers and markets directly under the AFS name,
the combined company will leverage the size and scale of
Persona-Triangle to accelerate its growth.
"We are thrilled to join forces with the Persona-Triangle team,
who bring a tremendous breadth of resources and capabilities we
will leverage to increase, accelerate, and improve what we already
do for our customers," said Marc
Denman, CEO of AFS.
Enterprise Bank and Trust provided senior debt financing for the
deal. Three Sixty Seven Advisors acted as the sole M&A advisor
to the transaction. Nelson Mullins represented Exeter and
Persona-Triangle in the transaction. Harbert Credit Solutions,
NewSpring Mezzanine, Northcreek Mezzanine, and members of
Persona-Triangle leadership team continue to be investment partners
with Exeter in Persona-Triangle.
About Persona-Triangle
Persona-Triangle is a leading
national provider of commercial signage, lighting, and facility
service solutions. Its turnkey solutions include inhouse design and
engineering, site- and permit-planning, start-to-finish project
management, state-of-the-art production facilities, and
complementary property improvement capabilities which enable
Persona-Triangle to support a diverse, blue-chip customer base
representing some of the largest globally recognized brands. The
Company serves over 200 marquis brands at more than 8,000 locations
across North America annually.
Persona-Triangle's is headquartered in Watertown, SD, and in combination with its
Triangle division in Baltimore,
MD, boasts over 270,000 square feet of combined
manufacturing space across 4 factories and employs over 500 people.
The Triangle division specializes in custom, architecturally
unique, and premium signage for many of North America's most iconic commercial and
retail companies, while the Persona division, based in Madison, SD, leverages its dominant market
share in hospitality to lead the nation in large format,
programmatic signage for the largest brands and franchise operators
in the world.
With its strong foundation in commercial signage manufacturing
and project management, the Company's fastest growing division is
facility services, which includes commercial lighting, facility
repairs & maintenance, capital renovation projects, and
property-improvement-plans (PIPs). The company is actively growing
this division both organically and through acquisitions.
About Exeter Street Capital Partners
Exeter Street
Capital Partners is the independent sponsor affiliate of the
Patriot Capital Group. We invest in promising small cap companies
within the specialty industrial and services sectors, then pursue
strategies that can build them into market leaders: national,
regional, or sector; and we have a demonstrated track record of
success doing so. Exeter has raised and deployed over $1 billion across 11 investments since 2014, and
over $400 million since 2021.
We form close partnerships with the existing management of growing
businesses where our capital, operating resources, financial
expertise, strategic insights and professional network can
accelerate growth and build long term value. We take a long term,
partnership approach to investing, and are under no pre-determined
timeline to exit or monetize our investments.
For more information, please
visit www.exeterstreetcapital.com.
Contact Information
Samantha
Lee
Marketing Director
(415) 310-0330
388354@email4pr.com
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SOURCE Exeter Street Capital Partners
