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Pike Street Capital Partners, a Seattle-based private equity firm focused on industrial technology companies, raised $199 million to supercharge its investment in Impel, a Seattle-area startup water flow management systems company.
NorthSands Capital and Painswick Capital led the investment, which is described as a “single-asset continuation vehicle” dedicated to Impel.
Impel launched in 2021 after Pike Street acquired Pumptech, a pumping product distributor serving the Pacific Northwest, and combined it with other acquisitions. The company is led by Doug Staab, a fluid management industry veteran.
Veterans of Evergreen Pacific Partners launched Pike Street in 2018 and raised $237 million for its first fund in 2020.
