Palm Peak Capital – a private equity firm that invests in lower-middle market industrial and services companies across North America – announced that it has completed its first platform investment with the acquisition of Pacific Shoring Products, a leading manufacturer of trench safety equipment. The terms of the private transaction are not disclosed.
Launched 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. And Pacific Shoring’s products are sold at about 280 dealer locations across North America, Australia, and Europe to large high-quality equipment rental companies.
The U.S. trench shoring market has seen tremendous 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.
Palm Peak Capital was created in 2024 by Steven Liff, Daniel Florian, and Jeremy Stone, who bring over 16 years of experience working together to acquire and enhance 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, such as Calcium Products and Arrow Tru-Line, where they oversaw significant operational improvements that led to increased market share and revenue growth.
KEY QUOTES:
“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. 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.”
– Dante Pavone, Vice President at Palm Peak
“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. 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.”
– Bruce Russell
“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.”
– Lynn Skillen, Head of Operations at Palm Peak
