Paceline Equity Partners, whose chief investment officer is Leigh Sansone, is set to acquire a manufacturer and supplier of connection and fitting devices out of receivership. Paceline said it was the successful bidder for Quick Fitting, Inc. as part of a receivership process, but did not say how much it bid.
Based in Warwick, R.I., Quick Fitting produces products that provide solutions for cable pulling and connecting cooper, stainless steel, PEX and CPVC piping in plumbing, electrical, HVAC, fire suppression and other industrial end markets. In a statement, Leigh said “the significant prior history and experience of the Paceline management team investing in the building products industry uniquely positions our firm to capitalize on Quick Fitting’s distinguished product engineering and technology and support the business through this next exciting phase of growth.”
Earlier this year, Paceline acquired RELAM, Inc., a lessor of railroad maintenance-of-way equipment, and combined it with another portfolio company, 1435 Rail, Inc.
Leigh is a founding partner of Paceline, a Dallas private equity firm. Previously, she was chief investment officer – credit at Hudson Advisors, L.P., an asset management affiliate of Lone Star Funds.