Source Capital ("Source"), through an affiliate fund, is pleased to announce its investment in Pilot Painting, LLC ("Pilot Painting" or the "Company"), a leading provider of commercial painting and reconstruction services in southern California. Source provided debt and equity financing to support the acquisition of the Company by Platt Park Capital Partners ("Platt Park" or the "Sponsor), a private equity firm based in Denver, CO. Pilot Painting represents our second investment with Platt Park.
"We have a great relationship with Jonny and Mario at Platt Park and align closely with their operationally focused approach toward investing," said Rob Kissling, Principal at Source Capital. "We are excited to partner with them on another opportunity and work with the team at Pilot during the Company's next phase of growth."
About Pilot Painting
Founded in 1974 and headquartered in Orange, CA, Pilot Painting has built a stellar reputation in southern California, partnering with the leading HOAs and multi-family communities in the region. The Company's ~200 employees complete over 500 painting, wood replacement, and other reconstruction projects each year.
About Source Capital
Source Capital is an Atlanta, GA-based private investment firm that has been providing flexible equity and debt capital to lower middle market companies for over 20 years. The firm has a value-added investing approach that brings (i) patient capital focused on long-term value creation; (ii) collaborative partnerships with management teams, founders/owners, private equity investors and independent sponsors; and (iii) strategic and operational resources to its portfolio companies. To learn more about Source Capital or to discuss a new equity or debt investment opportunity, please reach out to a member of our investment team or visit www.source-cap.com.