Pinecrest Capital Partners Serves as Exclusive Financial Advisor to LCR Contractors; Completes Investment Transaction for the Spray Fireproofing and Thermal Insulation Company
DALLAS (February 2, 2016) – Pinecrest Capital Partners (“Pinecrest”), a Dallas-based investment banking firm that offers exclusive advisory services to middle market companies, today announced its role as exclusive financial advisor to LCR Contractors (“LCR”) in its investor search and the completion of the investment transaction between LCR and Sand Oak Capital.
Headquartered in Dallas, Texas, LCR is one of the largest spray fireproofing and spray applied thermal insulation subcontractors in the U.S. Sand Oak Capital is a private equity firm based in New York that invests in closely-held, family owned and operated mid-sized businesses.
Pinecrest Senior Managing Director Barrett Kingsriter, Director Bobby Renkes, and Associate Scott Renkes served as the investment bankers in this transaction. This deal underscores Pinecrest’s exceptional capabilities as a financial advisor for investment services for the middle market and demonstrates the firm’s commitment to help clients achieve their business goals while securing a strategic long-term partner and execution of an efficient transaction process.
“The Pinecrest team took the time to understand our motivations and goals for an investor, guided every step of the transaction process and delivered the best possible outcome,” said Clay Spicer, President of LCR. “Sand Oak is absolutely the best fit for us and we look forward to the future of LCR.”
“Clay and Buddy Spicer and the entire LCR team were terrific to work with on this transaction,” added Barrett Kingsriter, Senior Managing Director for Pinecrest Capital Partners. “We quickly established a strong partnership which allowed us to have rich and ongoing communication and enabled our team to understand their goals and vision upfront and throughout the process. This transaction epitomizes the kinds of successful deals we strive to complete and is representative of who we are as an investment banking firm and trusted advisor to our clients.”
Founded in 1984, LCR Contractors specializes in providing spray applied fireproofing and spray thermal insulation services to commercial and residential construction, maintenance, and renovation projects.
Pinecrest Capital Partners is a premier investment banking firm based in Dallas, Texas that offers exclusive advisory services to middle market companies with enterprise values typically ranging from $25 million to $500 million. Pinecrest’s team of highly experienced professionals, led by Senior Managing Director Barrett Kingsriter, operates across a variety of industries and is an expert in managing transaction processes. By focusing on high-touch advisory and one-stop solutions, Pinecrest works to position clients with the goal of maximizing transaction outcomes and realizing the full value of their companies. For more information about Pinecrest Capital Partners visit www.pinecrestcap.com.
The testimonials may not be representative of the experience of other customers and is no guarantee of future performance or success.
Messrs. Kingsriter and Renkes are registered representatives of and Securities and Investment Banking Services are offered through BA Securities, LLC Member FINRA SIPC. Pinecrest Capital Partners and BA Securities, LLC are separate and unaffiliated entities.