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“We are extremely excited to have the opportunity to work with the Pegasus team. Carmine and Gail Spinella have built an exceptional business and we look forward to providing the resources to the organisation to enable it to successfully capitalise on its many growth opportunities,” says Todd Ofenloch, Managing Director at HIG
“Partnering with HIG allows us to continue our rapid growth and find creative ways to better service our retail partners,” says Carmine Spinella, Founder of Pegasus. “We are excited to have HIG as an investor during this next phase of our growth.”
Pegasus’s existing management team will continue to run the business going forward. MidCap Advisors acted as financial advisor to Pegasus, and Brown Moskowitz & Kallen acted as legal counsel to the Company on the transaction. Latham & Watkins provided legal advice to HIG.
Source: Private Equity Wire
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