Jersey Precast, a Trenton, N.J. company that makes concrete producgts, has been recapitalized through a growth investment from Gemini Investors, Pine Street Capital Partners and Starboard Capital Partners. Allegiance Capital Corp., an investment bank serving the middle market, facilitated the introduction of the investors to the company. Terms of the deal weren’t disclosed.
Allegiance Capital Corporation, one of the largest investment banks serving the middle-market, has facilitated the introduction of additional investors to its client, Jersey Precast, a leading manufacturer of pre-cast and pre-stressed concrete products with facilities in New Jersey and Pennsylvania.
Gemini Investors, Pine Street Capital Partners and Starboard Capital Partners have recapitalized Jersey Precast through a growth equity investment. Jersey Precast’s current leadership will remain in place. Terms of the private transaction were not disclosed.
The investment will be instrumental in helping Jersey Precast grow its geographical footprint in the Northeast and expand its reach within both the public and private sectors. The strategy includes organic growth and acquisitions.
“Allegiance Capital has been a valuable partner in helping us achieve our goals with this transaction,” said Amir Ulislam, Owner and President of Jersey Precast. “Bill van Wagner identified multiple financial partners, enabling me to select the best fit from several good options. He also provided counsel around the clock that led to a deal with which both sides are happy.”
About Allegiance Capital Corporation
Allegiance Capital Corporation is an investment bank specializing in financing and selling businesses in the middle market. Founded in 1998, Allegiance Capital has won multiple awards recognizing the value it delivers to clients. Examples include: 2009 Dealmaker of the Year (Dallas Business Journal), 2008 Boutique Investment Bank of the Year (M&A Advisor), 2006 Investment Bank of the Year (Dallas Business Journal). Subscribe to the Capital Ideas blog. Follow Allegiance Capital on LinkedIn, Facebook, and Twitter:@ALLCAP.