Livingstone Advises Parkline on Sale to Trachte

Livingstone’s Industrial team has advised Parkline, Inc. (“Parkline” or the “Company”), a portfolio company of Summit Park, on the sale to Trachte, LLC (“Trachte”), a portfolio company of Palladium Equity Partners. Livingstone acted as exclusive financial advisor to Parkline. Transaction terms were not disclosed. 

Parkline is a leading manufacturer of engineered modular metal building solutions and integrated systems serving the data center, electric utility, energy, and industrial end markets. The Company’s product portfolio consists of material kits, site-erected buildings, modular pre-erected buildings, and integrated systems that control, distribute, monitor, and optimize electrical power applications.

In partnership with Summit Park, Parkline expanded its manufacturing capacity, technical integration capabilities, and geographic reach through capital investment and strategic acquisitions.

Trachte is a leading provider of 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.

“Livingstone provided excellent transaction advice and execution expertise throughout the sale process,” said Bill Estep, CEO of Parkline. He added, “We are thrilled to be partnering with Trachte and are excited for our next chapter of growth.”

 “Bill and the Parkline team built a coveted platform, and we are thrilled to have partnered with Summit Park on a successful outcome. The Parkline transaction represents the fourth transaction sold to a strategic buyer in the modular building sector by Livingstone’s global Industrial team.” Commented Karl Freimuth, Partner at Livingstone Partners.

“The Parkline transaction highlights Livingstone’s commitment to delivering outstanding outcomes to private equity-owned clients. It was a pleasure working with Bill, Summit Park, and the entire Parkline team,” stated David Modiano, Director at Livingstone Partners.

Livingstone continues to have excellent momentum advising clients in the global Industrial sector. Since 2020, Livingstone has completed 188 deals across the global platform and 63 in the Industrial sector.

McGuireWoods LLP acted as legal advisor, and Cherry Bekaert provided transaction-related accounting services to Parkline and Summit Park in connection with this transaction.