Parkline acquired by Trachte from Summit Park
Wisconsin-based Trachte has acquired Parkline, a manufacturer of engineered metal buildings for industrial and commercial applications, from Summit Park, for an undisclosed price.
The deal brings together the strengths of Trachte and Parkline to create a market leader within the American protection and control buildings market. The combined entity is expected to have wide product offerings and a diverse user base.
Trachte’s offerings and solutions are a crucial component of protecting vital equipment, controls and infrastructure for electricity utilities, data centres as well as other important industrial and commercial customers.
The deal ensures that the customers of Trachte will benefit from the most advanced technology available, as well as innovative products, increased production capacity, as well as industry best service capabilities and know-how.
The combination of Trachte and Parkline will be able to manufacture across areas such as the Mid-Atlantic as well as the Southwestern US, Northeast Georgia, and Wisconsin.
Bill Estep — Parkline President and CEO said: “Our team is thrilled to become part of Trachte as we will be able to provide current and new customers with an even wider range of protection and control buildings, and integration and field service offerings to meet their complete needs.”
The enlarged company will have a substantial footprint in data centers as well as power and energy transmission and distribution and will serve the end-users in a vast range of vital industries. It will provide engineered, pre-fabricated buildings for protection and control as well as capabilities built on site.
Palladium Equity Partners, which purchased Trachte in late 2020, is supporting the deal by investing additional equity.
Shawn Smith — Trachte CEO said: “Trachte is excited to add the Parkline team, which has already established Parkline as a leading manufacturer and service provider in the data center, electric utility, energy and industrial end markets – sectors that are complementary to Trachte’s existing business.
“This transaction is all about growing with our customers and supporting their important priorities, such as upgrading an aging power grid, expanding data centers, and accelerating the buildout of renewable power systems.”