Princeton Equity Group Announces Strategic Investment In Pirtek

Oct 31, 2023•almost 2 years ago

RockledgeMobile

Investors

Princeton's PartnershipPrinceton Equity Group

Description

Princeton Equity Group ("Princeton"), a private equity firm exclusively focused on the franchisor and multi-unit industry, announced today the completion of its strategic investment in Pirtek, a category-creator and leading franchisor of hydraulic hose repair and replacement services. Princeton's partnership will bring additional resources to support Pirtek's existing franchisee and customer base, and also expand Pirtek's North American footprint.

Company Information

Company

Pirtek

Location

Rockledge, Florida, United States

About

Pirtek franchisees provide hydraulic and industrial hose maintenance and replacement services through on-site mobile and service centers. Pirtek has a 1-hour ETA for on-site hose service and is available 24/7/365 to minimize equipment downtime and eliminate the need for customers to leave their job sites or facilities. The company has 145 locations and approximately 400 mobile units across North America. For more information, visit www.pirtekusa.com.

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VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers