Trachte, a provider of engineered protection and control buildings with mission critical applications, purchased Parkline Inc., a manufacturer and service provider.
The combined Trachte and Parkline will have manufacturing capacity in the Mid-Atlantic and Southwestern U.S., Wisconsin and Northeast Georgia. It will have a presence in data centers and energy and power T&D, and serve end users in a broad array of critical industries. The company will offer highly engineered, pre-manufactured protection and control buildings as well as site-built capabilities.
The transaction combines the strengths of Trachte and Parkline in the U.S. protection and control buildings market with broad product offerings and a diversified end-user base.
Trachte’s products and services are a critical part of protecting essential controls, equipment, and infrastructure for electric utilities, data centers and other essential commercial and industrial customers.
The transaction assures that the company’s customers will have access to industry leading technology, innovative product lines, increased manufacturing capacity, and industry leading service capabilities and expertise.
Bill Estep, Parkline’s President and CEO, will continue with the combined business along with other members of the Parkline senior team.
Trachte purchased Parkline from Summit Park, which will be rolling equity into the transaction. Palladium Equity Partners, which acquired Trachte in September 2020, invested additional equity in support of the transaction.
Stephens Inc. served as financial advisor to Trachte and Palladium Equity Partners, and Livingstone Partners served as financial advisor to Parkline and Summit Park in connection with the transaction. Morrison & Foerster LLP served as legal advisor to Trachte and Palladium, and McGuireWoods LLP acted as legal advisor to Parkline and Summit Park.