Summit Park is pleased to announce the sale of its portfolio company, Parkline, Inc. (the “Company”), to Trachte, LLC, a portfolio company of Palladium Equity Partners. Headquartered in Eleanor, West Virginia, Parkline is a leading manufacturer of custom engineered modular metal building solutions with mission critical applications across diverse end markets.

Formed as an independent company in 1973, Parkline produces buildings, enclosures and turnkey, integrated systems for control, distribution, monitoring and optimization applications in the energy, utility, industrial and infrastructure markets. The Company is well known as a leader in the metal building industry with more than 70,000 structures in service throughout the United States and Canada.

During Summit Park’s ownership period, Parkline broadened its capabilities and successfully expanded into new geographies and end markets. The Company grew its manufacturing capacity and capabilities through its acquisition of Bebco Industries, a complementary business with deep experience in heavy-gauge metal buildings for applications across the industrial, chemical and energy end markets.

Bob Calton, co-Managing Partner at Summit Park, said, “We have enjoyed our longstanding partnership with Parkline and are proud of the evolution and expansion of the business over the time of our investment. Bill Estep and the entire Parkline team have done a great job executing the strategic vision of the Company, resulting in significant growth and a reputation as a trusted industry leader. Summit Park looks forward to following Parkline’s future success.”

Bill Estep, CEO of Parkline, added, “Throughout Summit Park’s ownership, we made significant investments in our business and team to expand our service offerings and pursue new opportunities. We have thoroughly enjoyed our partnership with Summit Park and are excited for our next chapter of growth as a part of Trachte.”

The transaction marks Summit Park’s third exit from its first fund, Summit Park I-A. Livingstone Partners served as financial advisor and McGuireWoods LLP acted as legal advisor to Parkline and Summit Park in connection with this transaction.

About Parkline

Parkline is a leading manufacturer of highly engineered metal buildings for industrial and commercial applications. Its product portfolio consists of material only, site-erected, pre-erected, and integrated control buildings. The Company operates two strategically located manufacturing facilities in West Virginia and Texas that support customer needs throughout the U.S. Product flexibility is a key differentiator for Parkline, and the company's design and engineering team is capable of customizing floor plans to meet almost any customer specification or requirement. Parkline is headquartered in Eleanor, West Virginia. For more information, visit parkline.com.

About Summit Park

Summit Park is a Charlotte, North Carolina-based private investment firm focused exclusively on the lower middle market. The firm invests across a range of industries, including services, consumer, and industrial growth. The Firm has made over 40 investments in the lower middle market totaling more than $2 billion in total enterprise value. The firm’s capital can be used to facilitate a change in ownership, to support expansion and growth, to provide partial liquidity to existing owners, or to support an industry consolidation plan. For more information, visit www.summitparkllc.com.

About Trachte

Trachte is a leading provider of easy-deployment application-engineered protection and control buildings. Founded in 1919, the company has unparalleled experience in prefabricated structures that provide state-of-the-art environments and protection for its customers' investments in critical equipment and systems such as switchgear, battery systems, servers, and data center hardware that control and protect electrical infrastructure and equipment. Trachte's success is based on continuous technological advancement, quality improvement and mutually beneficial relationships and strategic partnerships with end users, consulting engineers, contractors, OEMs and value-added resellers. Additional information may be found at www.trachteusa.com.

About Palladium Equity Partners, LLC

Palladium is the oldest minority-owned private equity buyout firm in the industry with $3 billion of assets under management. The firm seeks to acquire and grow companies in partnership with founders and experienced management teams by providing capital, strategic guidance and operational oversight. Since its founding in 1997, Palladium has invested over $3 billion of capital in 38 platform investments and 157 add-on acquisitions, realizing 23 of these platform investments. The firm focuses primarily on buyout investments targeting $50 million to $150 million in equity. The principals of the firm have meaningful experience in consumer, services, industrials, and healthcare businesses, with a special focus on companies they believe will benefit from the growth in the U.S. Hispanic population. Palladium, which is a Certified B Corp, is based in New York City. For more information, visit www.palladiumequity.com.