Impel Secures $199 Million Continuation Vehicle Funding

Pike Street Capital, an esteemed Seattle-based private equity firm, has successfully concluded a $199 million capital raise for a single-asset continuation vehicle focused on its existing investment, Impel Company. Founded in 2021 through the acquisition of PumpTech, Impel provides fluid management systems targeting sectors including water and wastewater treatment, semiconductor manufacturing, and food and beverage industries. With NorthSands Capital and Painswick Capital spearheading the funding round, and significant backing from Pike Street's Fund I investors, support is primarily directed at enhancing Impel's growth trajectory through ongoing strategic acquisitions. Beyond financial injections, Impel has maintained partnerships with invaluable stakeholders such as Doug Staab, an industry veteran contributing 35 years of expertise, and continues to broaden its footprint across various U.S. regions. Legal and financial advisory support, as well as senior debt financing, were coordinated by Jefferies, Kirkland & Ellis, and Ares Management respectively.