Allegiance Capital Introduces Additional Investors to Support Jersey Precast's Growth Objectives
Allegiance Capital, one of the largest investment banks serving the middle-market, has facilitated the introduction of its client, Jersey Precast, to Gemini Investors, Pine Street Capital Partners and Starboard Capital Partners, who have recapitalized the manufacturer of pre-cast and pre-stressed concrete products through a growth equity investment.
- New York, NY (1888PressRelease) October 20, 2011 - Allegiance Capital, one of the largest investment banks serving the middle-market, has facilitated the introduction of additional investors to Jersey Precast Corporation to support its growth strategy. These investors include: Gemini Investors, Pine Street Capital Partners and Starboard Capital Partners.
Jersey Precast is a leading manufacturer of pre-cast and pre-stressed concrete products with facilities in New Jersey and Pennsylvania. The three investors 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 by Gemini Investors, Pine Street Capital Partners and Starboard Capital Partners 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."
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