Parkline Inc., a nationwide supplier of metal buildings for self-storage and other industries, recently recapitalized in partnership with Summit Park, a private investment firm. The transaction, which closed on April 24, will provide Parkline with additional capital to support its growth initiatives.
In particular, Parkline is interested in establishing a new assembly facility west of the Mississippi River. The company is evaluating several potential locations. "There is significant demand for our pre-erected structures from electric-utility and energy customers in the western U.S., and we believe that we can serve their needs more efficiently from a satellite location," said Ron Dawson, vice president of sales.
In addition, Parkline has successfully provided integrated control houses to a number of electric-utility customers and intends to expand its capabilities in this area. "Many of our customers are seeking a single-source solution for their control-house requirements, and we intend to expand our capabilities to support their needs," Dawson said. These capabilities may be developed internally, through partnerships or through strategic acquisitions.
Established in 1973, Parkline provides industrial metal buildings for various end markets such as self-storage, wastewater treatment, electrical utility, wind energy, oil and gas transmission and distribution, and telecommunications. Each building can be erected at the customer's site or fully assembled at the Parkline facility in Eleanor, W.V.
Based in Charlotte, N.C., Summit Park is a private investment firm with experience across a wide range of industries. It focuses on companies with a track record of consistent financial performance and the potential to realize substantial, profitable growth in the future.