Parkway Capital Invests in Precision Piping Products, Highlighting Growth in Industrial Sector

Parkway Capital, a mezzanine unit of Calvert Street Investment Partners, has made a strategic investment in Houston-based Precision Piping Products (P3), a move that highlights the increasing value of innovative industrial solutions. The investment, part of a recapitalization effort led by Tico Capital Partners and 7 Seas Capital, alongside Parkway and Pine Street Capital Partners, signifies confidence in P3's unique product offerings and market potential.

P3 specializes in manufacturing and distributing flange protectors, essential for safeguarding flanges and pipes from damage during transportation and construction. The company's patented adhesive process and proprietary solution distinguish it from competitors, offering a competitive edge in the industry. This investment not only provides P3 with the capital to expand its operations but also reflects the broader trend of financial institutions recognizing the value of specialized industrial technologies.

With Parkway Capital's track record of investing in companies with strong revenue and EBITDA figures, this partnership could propel P3 to new heights, potentially influencing standards in pipe protection and preservation. The deal also underscores the vibrancy of the lower-middle market, where innovative companies like P3 can attract significant investment, driving growth and innovation in the industrial sector.