Entries by PE Admin

PEP Portfolio Company Creative Tent International Announce Appointment of New CEO

  May 2022 – Progress Equity Partners is excited to announce the appointment of Jake Furbee as the Chief Executive Officer of its portfolio company Creative Tent International, LLC (“Creative Tent” or “CTI”).  Jake joins the company as an additional executive to work collaboratively with Chris McLemore, Chief Operating Officer, and the existing employees at […]

PEP Portfolio Company Medical Indicators Announce Appointment of New CEO and NJ Business of the Year Award

February 2022 – Medical Indicators, Inc. (“MII”), is pleased to announce the appointment of Ajey Atre as its new Chief Executive Officer. Mr. Atre has spent the majority of his career within the Medical Device and Medical Products industry, serving as COO, Chief Strategy and Chief Marketing Officer at previous firms. “Since first meeting Ajey, […]

Progress Equity Partners Completes Acquisition of Creative Tent International

June  2021 Progress Equity Partners (“Progress Equity”) is pleased to announce its recent acquisition of Creative Tent International (“Creative Tent” or “CTI”). Founded in 2004 and based in Henderson, NV, Creative Tent is a leading designer and manufacturer of highly engineered tension fabric, clear-span structures deployable for a wide range of defense, aerospace, government, and […]

Progress Equity Announces Investment in InDemand Industrial Services

January 2021 – Progress Equity Partners is pleased to announce its recent investment in InDemand Industrial Services, a provider of industrial maintenance and construction services to owners and operators of industrial facilities across the United States.  “We are honored to once again partner with Mark Peterson, founder of previous PEP portfolio company Westcon Industries, in […]

Davey Coach Completes California Acquisition

Progress Equity Partners is pleased to announce that its portfolio company Davey Coach Holdings, a leading dealer and lease fleet provider of shuttle buses, has acquired the California division of Nations Bus Sales located in the greater Los Angeles area. Nations Bus continues to own and operate its dealership located in Florida. Several Nations Bus […]

Progress Equity Partners Completes New Financing for Davey Coach Holdings, Inc.

January 2020 – Progress Equity Partners is pleased to announce its portfolio company, Davey Coach Holdings, has completed a new financing relationship with PNC Business Credit.  Headquartered in Denver, Colorado, Davey Coach is one of the nation’s largest fully integrated dealerships of shuttle buses.  Davey Coach offers a comprehensive line of new and used buses […]

Progress Equity Partners Completes Acquisition of Medical Indicators

Progress Equity Partners is pleased to announce its recent acquisition of Medical Indicators, Inc. (“MII”). Based outside of Princeton, NJ, MII serves a unique niche providing clinically-accurate single-use disposable and single-person reusable thermometers within the US and internationally.  These thermometers provide a cost-effective way to accurately measure a patient’s temperature while at the same time […]

Progress Equity Partners Completes Refinance of Crestcom International

May 2019 – Progress Equity Partners is pleased to announce the refinance of Crestcom International, a portfolio company since 2013.  Headquartered in Denver, Colorado, Crestcom is a leading provider of management training and leadership development services conducted through a network of approximately 200 franchise outlets located in over 60 countries around the world. Crestcom’s training […]

Progress Equity Partners Exits DMS Investment

Progress Equity Partners, LLC. is pleased to announce the recent sale of Diversified Machine Systems, LLC (“DMS”) to SCM Group, a leading Italian multinational company in machinery and industrial equipment.  Progress Equity partnered with DMS and its founder Patrick Bollar in 2011.   Annual revenues have nearly tripled since that time through continuous innovation within its […]

PEP Portfolio Company DMS Wins Colorado Manufacturing Award

Progress Equity Partners is pleased to report that its portfolio company Diversified Machine Systems (DMS), based in Colorado Springs, CO, was a 2018 winner of The Colorado Manufacturing Awards (CMA) in the “Outstanding Industrial/Equipment Manufacturer” category. This award exemplifies the commitment to excellence that has been DMS’s trademark since its inception over 15 years ago. […]