Affiliate of Paceline Equity Partners Provides $40 Million Investment in Kassel Mechanical
Summary
Pacelines equity investment is being made in conjunction with a broader recapitalization to support Kassels add-on acquisition of Arrow Electric, Inc., a privately held electrical contractor providing construction, design and maintenance services.Sam Loughlin, Chief Executive Officer of Paceline, said We are thrilled to work collaboratively with Kassel founder, Tom Werner, and the rest of the experienced management team to support the growth of Kassel, a fast-growing MEPF company with an established track record and exciting growth opportunities. We are pleased to deliver a unique capital solution for Kassel to execute managements growth strategy, which includes exciting organic and inorganic initiatives.Paceline is a Dallas-based private equity manager focused on value-oriented, opportunistic, and special situations investments across corporate credit, private equity, and real assets. Pacelines senior leadership team has worked together for nearly 20 years and manages over $1.5 billion in equity commitments on behalf of a global investor base. The Company also offers millwright and rigging services to a diverse client base, including property developers, general contractors and facility managers. Since 2015, the Company has experienced significant growth and the expansion of its platform through several strategic acquisitions that enhanced its reach and capabilities.