Jersey Precast Corporation: Majority Stake Acquired by Gemini Investors, Pine Street Capital Partners and Starboard Capital Parnters
Jersey Precast was founded in 1980 and has over 35 years of experience in providing quality precast and pre-stressed concrete products to the Tri-state and surrounding areas.Jersey Precast was founded in 1980 and has over 35 years of experience in providing quality precast and pre-stressed concrete products to the Tri-state and surrounding areas. Its plant in Hamilton, New Jersey has approximately 230,000 square feet of manufacturing space under one roof with overhead cranes ranging in size up to 100 tons. Precast units weighing up to 50 tons are routinely handled. Its indoor manufacturing facility allows the company to produce year round without weather related interruptions.
Gemini Investors is a private company investor with a focus on the smaller end of the middle market, investing in established companies with experienced management teams and good growth prospects.
Pine Street Capital Partners provides capital to lower middle market companies (typically $10- $75 million in revenue). The firm invests in established companies with experienced and committed management teams, providing mezzanine and equity capital in sponsored and unsponsored transactions.
Starboard Capital Partners is a private equity firm that sponsors and invests in lower middle market companies, with values ranging from $15 million to $500 million. The firm participates with its network of private equity funds, family offices, and institutional fund co-investors to partner with management teams and entrepreneurs.