Published on: Monday, 13 January 2025 ● 4 Min Read
BOCA RATON, Fla.--(BUSINESS WIRE)--Palm Peak Capital (“Palm Peak”), a private equity firm that invests in lower-middle market industrial and services companies across North America, today announced that it has completed its first platform investment with the acquisition of Pacific Shoring Products, LLC (“Pacific Shoring” or “the Company”), a leading manufacturer of trench safety equipment. Terms of the private transaction are not disclosed.
Founded in 2005 and headquartered in Santa Rosa, California, Pacific Shoring is a leader in a regulatory-driven niche, manufacturing trench safety products used by contractors to protect their workforce when working in trenches for infrastructure projects including water utility pipes, telecom fiber, gas & electric, and other underground building or maintenance jobs. Pacific Shoring’s products are sold at ~280 dealer locations across North America, Australia, and Europe to large, high quality equipment rental companies.
“Over the past 20 years, Pacific Shoring has proven itself as an industry leader and is poised for even greater success in the years ahead,” said Dante Pavone, Vice President at Palm Peak. “We are excited to apply our resources and expertise to partner with Pacific Shoring’s CEO Bruce Russell and management team who have built a strong culture and a proven ability to meet ambitious goals.”
The U.S. trench shoring market has seen robust growth in recent years and is expected to continue, driven by consistent demand from new projects, infrastructure maintenance and upgrades, and increased adoption of trench shoring products due to OSHA safety compliance and other favorable regulatory trends.
“The entire Pacific Shoring management team is enthusiastic for our next chapter of growth. We look forward to working with the team at Palm Peak to accelerate our growth plan and increase our industry leadership,” said Russell. “With Palm Peak’s support, Pacific Shoring is well-positioned to capitalize on an attractive market opportunity and bring new solutions to the end users of our products that will seek to ensure worker safety as the volume of construction projects continues to grow.”
Lynn Skillen, Head of Operations at Palm Peak, added, "We are excited to work with the management team at Pacific Shoring to help the company enhance areas such as procurement, product portfolio expansion, technology investments to improve labor efficiency, and growing their sales force to better serve Pacific Shoring’s loyal customer base."
Palm Peak Capital was established in 2024 by Steven Liff, Daniel Florian, and Jeremy Stone (together, the “Managing Partners” or “Co-Founders”), who bring over 16 years of experience working together in acquiring and enhancing companies within Palm Peak's focus in the industrial and services sectors. The Co-Founders have direct experience with similar sized specialty manufacturers operating in niche markets, for example, Calcium Products and Arrow Tru-Line, where they oversaw significant operational improvements that led to increased market share and revenue growth.
About Palm Peak Capital
Palm Peak Capital, LLC is a private equity firm that invests in lower-middle market industrials and services companies across North America. Palm Peak targets control buyouts of fundamentally sound businesses with tangible opportunities for operational improvement. The Firm seeks to provide integrated, comprehensive support for portfolio company teams across four key components of its operational value creation playbook (its “Peak Performance System”) – people, process, product, and profit – to ultimately achieve "Peak Performance." For more information, please visit www.palmpeakcapital.com.
About Pacific Shoring
Pacific Shoring was founded in 2005 and is one of the leading manufacturers of trench shoring equipment in the United States. Pacific Shoring designs, builds and tests all its products at its two manufacturing plants in Santa Rosa, California and Pearland, Texas. Pacific Shoring is dedicated to producing quality shoring and shield products, rigorously tested to the highest standards. Pacific Shoring's in-house design team, with vast experience in the underground shoring industry, produces the ideal custom assembly solutions for its customers. For more information, please visit: www.pacificshoring.com.
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