Princeton Equity Group Announces Strategic Investment in Pirtek
October 31, 2023 // Franchising.com // ROCKLEDGE, FL and DALLAS, TX -- Princeton Equity Group (“Princeton”) announced today the completion of its strategic investment in Pirtek, a franchisor of hydraulic hose repair and replacement services.
Founded in 1998 and then re-acquired by the Duncan family in 2014, Pirtek provides on-demand, 24/365 services within a 1-hour ETA to repair and replace mission-critical hydraulic hoses in stationary and mobile equipment across a wide variety of end markets. Pirtek also supplies its franchisees the hoses, fittings, and other products used in the repair and replacement services.
“This partnership with Princeton is the right move for Pirtek at this stage of our lifecycle,” said Kim Gubera, CEO of Pirtek. “We are intently focused on supporting our franchisees, and we will continue investing in our infrastructure to ensure they have the tools they need to succeed, while expanding our market presence across North America.”
Key management and the Duncan family will retain ownership in Pirtek, and Kim Gubera will continue to run the business as CEO. Other terms of this transaction were not disclosed.
SOURCE Princeton Equity Group
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Conner Gossel
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