2021 | YEAR IN REVIEW

2021 was an active year here at Pike Street Capital! We saw significant progress across our Portfolio, Process, and People:

We added 4 new investments to the portfolio (3 platform, 1 add-on), partnering with experienced founders in our target industrial markets.
The portfolio continued to perform, implementing our Strategy-to-Execution (“S2E”) framework to improve operational performance and mitigate the impacts of the pandemic.
We expanded our team, adding new talent across the firm and the portfolio.

PORTFOLIO ADDITIONS

	Motivational Fulfillment and Logistics Services (MFALS). In July, Pike Street invested in this Chino, California-based provider of fulfillment, shipping, packaging, and other value-added services to retail and direct-to-consumer clients.
	PumpTech. Pike Street announced an investment in this distributor of premier pump, process, and environmental products and services in September. The investment will serve as a foundation from which to expand into the rapidly growing pump and related products industry.
	Fair Market Inc. was acquired by Pike Street in November. A family-run wholesale specialty food distributor based in Wentzville, Missouri, the investment complements Pike Street’s adjacent businesses in distribution and logistics.
	Swan Packaging Fulfillment. In November, Pike Street supported this investment as an add-on to QuickBox Fulfillment. The combination of Swan and QuickBox will bring increased value to clients, including more shipping locations, additional value-add services, and faster delivery to customers.

We’re thrilled to partner with these businesses to help accelerate the growth trajectories already set in motion by the founders who built them. We love working with founder and family-led businesses where our investment, network, and operational guidance can help them achieve their long-term objectives.

PROCESS

Our disciplined S2E approach is one of the unique advantages we bring as an investment partner, and it proved to be a particularly powerful tool in 2021, helping our businesses react quickly and stay focused on growth as they navigated the ongoing pandemic.

Covid Response Plan. Our management teams continued to follow a five-step COVID response framework focused on effective communication, employee and asset protection, operational mitigation, financial contingency planning, and opportunity creation.
Strategy Deployment. We employ this proven management approach to help each company establish clear goals and define the actions required to achieve them. Our management teams have done a great job leveraging this tool to create alignment within their organizations.
Process Development. A culture of continuous improvement was furthered across the portfolio throughout 2021. Expert-led workshops, onsite training, and focused Kaizen events yielded impressive results - from improved funnel management to increased productivity and quality.

We look forward to seeing the portfolio build on this progress in 2022! As always, we continue to improve and refine these processes.

PEOPLE

Great talent is at the core of any successful organization, and we’re proud of the additions we have made across the portfolio in 2021. We also welcomed new members to the Pike Street team:


Carissa Abbott Operating Partner		Colin Fekkes Chief Financial Officer	Douwe Yntema Senior Associate	Kelly Wojcik Associate

We look forward to working with the founders, families, executives, and team members across our expanded portfolio in 2022. And we remain focused on executing our investment strategy of partnering with great businesses and great management teams. Our target investing criteria continues to be technical, professional, and industrial technology businesses in the US & Canada with EBITDA of $4 - $20 million.

We welcome the opportunity to speak with you - please do not hesitate to reach out for more information.