Articles from Paceline Equity Partners, LLC

Affiliates of Paceline Equity Partners, LLC ("Paceline"), a Dallas-based private equity manager, today announced that they have agreed to sell R.E.L.A.M., Inc. ("R.E.L.A.M." or the "Company"), a leading North American lessor of maintenance-of-way (“MOW”) and hi-rail equipment. Financial terms were not disclosed.

An affiliate of Paceline Equity Partners, LLC (“Paceline”), a Dallas-based private equity manager, today announced that it has made a significant equity investment in EventLink Group (“EventLink”, or the “Company”), a leading provider of experiential marketing services. Terms of the transaction were not disclosed.

Everflow Supplies (“Everflow” or the “Company”), a leading national master distributor of plumbing, electrical, fire control, and industrial products and accessories to the wholesale channel, today announced a meaningful equity investment from affiliates of Paceline Equity Partners, LLC (“Paceline”), a Dallas-based investment fund. Terms of the transaction were not disclosed.

An affiliate of Paceline Equity Partners, LLC (“Paceline”), a Dallas-based private equity manager, today announced that it has made a $40 million preferred equity investment in Kassel Mechanical Holdings, LLC (“Kassel”, or the “Company”). Kassel is a privately held provider of facility services focused on the installation and maintenance of mechanical, electrical, plumbing, fire suppression systems (collectively, “MEPF”), and other critical mechanical building systems to a diverse set of end-markets. Paceline’s equity investment is being made in conjunction with a broader recapitalization to support Kassel’s add-on acquisition of Arrow Electric, Inc. (“Arrow”), a privately held electrical contractor providing construction, design and maintenance services.

Affiliates of Paceline Equity Partners, LLC (“Paceline”), a Dallas-based private equity manager, today announced the acquisition of 17 acres of land for the development of a build-to-rent single-family detached home community in Santa Fe, NM. The acquisition and development will be Paceline’s first strategic partnership with Verdot Capital, the project’s developer.

An affiliate of Paceline Equity Partners, LLC (“Paceline”), a Dallas-based private equity manager, today announced that it has provided a debt investment in Promise Confections (the “Company”) through a second lien credit facility. Promise Confections is a portfolio company of Promise Holdings, LLC, a Chicago-based private investment firm.

Paceline Equity Partners, LLC (“Paceline”), a Dallas-based private equity manager, today announced the final closing of Paceline Equity Partners Opportunity Fund II (“Fund II” or the “Fund”), with total commitments of $780 million, significantly exceeding the Fund’s $500 million target and representing a 125% increase over the size of its predecessor fund. To date, Paceline has raised nearly $1.5 billion in equity commitments between Funds I and II, and affiliated co-investment vehicles.

An affiliate of Paceline Equity Partners, LLC (“Paceline”), a Dallas-based private equity manager, today announced that it has made a debt investment in a subsidiary of Constellation Software, Inc. (“Constellation”, TSX: CSU). Constellation acquires, manages and builds vertical market software businesses that provide mission-critical software solutions.

Affiliates of Paceline Equity Partners, LLC (“Paceline”), a Dallas-based private equity manager, today announced that they have acquired the Renaissance Dallas at Plano Legacy West Hotel, a full-service, upscale hotel located in the Legacy West development in Dallas, TX. The new vintage property is one of Marriott’s flagship hotels within the Renaissance brand. The acquisition will be Paceline’s first strategic partnership with ESR Group, one of the largest real estate managers in Asia with more than $140 billion in assets under management.

Paceline Equity Partners, LLC (“Paceline”), a Dallas-based private equity manager, today announced that it has become a signatory of the UN-supported Principles for Responsible Investment ("UNPRI"), the leading global network for investors which are committed to integrating Environmental, Social and Governance ("ESG") considerations into their investment practices and ownership policies.

An affiliate of Paceline Equity Partners, LLC (“Paceline”), a Dallas-based private equity manager, today announced that it closed on a $90 million second lien credit facility in support of the refinancing of Data Axle, Inc. (“Data Axle” or the “Company”), a provider of data and data-driven marketing services. An affiliate of Paceline acted as the administrative agent on this transaction.

Paceline Equity Partners, LLC (“Paceline”), a Dallas-based private equity manager, today announced that seasoned industry executive Sterling Donnelly has joined the firm as Head of Investor Relations. In this new role, Ms. Donnelly will lead Paceline’s fundraising and client service initiatives.

Affiliates of Paceline Equity Partners, LLC (“Paceline”), a Dallas-based private equity manager, today announced that they have acquired The Sheraton Suites Galleria-Atlanta, a full-service hotel located in a highly active corridor near the intersection of I-285 and I-75, 20 minutes from downtown Atlanta. The property is located less than one-half mile from The Battery, a mixed-use development anchored by Truist Park, home of the Atlanta Braves. Paceline acquired the hotel in an off-market transaction with the prior owner. The acquisition will be Paceline’s first strategic partnership with Highline Hospitality Partners, a group with extensive hospitality investing and operator experience.

An affiliate of Paceline Equity Partners, LLC (“Paceline”), a Dallas-based private equity manager, announced it has closed the acquisition of AHF Products (“AHF”, or the “Company”), a leading North American hard surface flooring manufacturer.

Affiliates of Paceline Equity Partners, LLC (“Paceline”), a Dallas-based private equity manager, today announced that they have acquired two limited-service hotels in Orlando, Florida, the Fairfield Inn & Suites and the Residence Inn. Both hotels are located near the renowned theme parks Universal Orlando, ICON Park, SeaWorld Orlando as well as the Orange County Convention Center and forthcoming Universal Epic Universe, which is currently under construction and is expected to double the size of Universal’s Orlando footprint when completed in 2025.

Affiliates of Paceline Equity Partners, LLC (“Paceline”), a Dallas-based private equity manager, today announced that they have acquired two limited-service hotels in the Charlotte Metro Area, the Holiday Inn Express & Suites Charlotte Ballantyne and the TownePlace Suites Charlotte Fort Mill.

Paceline Equity Partners, LLC (“Paceline”), a Dallas-based private equity manager, today announced the final closing of commitments to Paceline Equity Partners Opportunity Fund I, L.P. and Paceline Equity Partners Opportunity Fund I (Cayman), L.P. (collectively, “Fund I”). The commitments of investors to Fund I total $350,000,000. In addition, Paceline has raised and currently manages $64,000,000 of third-party equity capital to invest alongside deployments from Fund I. Paceline has also raised a committed co-investment partnership with another investor, and, in aggregate, Paceline has raised $449,000,000 of equity capital to date.