BUFFALO, N.Y., Feb. 17, 2015 /PRNewswire/ -- Private equity fund manager Summer Street Capital Partners, LLC (www.summerstreetcapital.com) had an active investment year. The firm closed 3 platform investments, and 5 add-on investments, putting over $65 million to work in privately-held middle market companies in 2014.
In October 2014 the firm invested to support the management buyout of Buffalo, NY based Multisorb Technologies, the leader in active packaging technology. Multisorb is a developer and manufacturer of sorbent and specialty products used in healthcare, food & beverage, electronics and industrial applications to protect the shelf of service life of a product. Summer Street's investment will support the company's organic growth and acquisition strategy.
Full Spectrum Laser and its subsidiary FSL3D, a Las Vegas based laser and 3D printer engineering and manufacturing company, received a growth equity investment from Summer Street in November 2014. FSL will use the financing to accelerate organic growth, including the development of their next generation affordable laser cutting / engraving and 3D printing platforms.
In December 2014 Summer Street partnered with management of Cleveland, OH based Dwellworks, LLC to support a management-led recapitalization of the company. Dwellworks is a leading provider of global solutions for relocation management companies (RMCs) who support the mobility needs of relocating employees and their families. The equity investment will help support the expansion of service offerings and growth of international operations.
In partnership with their dedicated portfolio management teams, the firm completed an additional 5 add-on acquisitions in the solid and medical waste collection and disposal industries.
The firm looks forward to another active investment year in 2015, investing capital in private companies to support management buy-outs, family transitions, corporate divestitures, growth financings, and recapitalizations across the United States and Canada.
About Summer Street Capital Partners LLC
Summer Street Capital Partners LLC, founded in 1999, is a Buffalo, NY based private equity fund manager with committed capital focused on investing in middle market companies. The firm invests alongside talented managers, bringing capital and resources to support acquisitions and aggressive growth strategies. Summer Street's investors include leading pension funds, insurance companies, and banking institutions. Visit www.summerstreetcapital.com for additional information.
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SOURCE Summer Street Capital Partners, LLC
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http://www.summerstreetcapital.com
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