Our Current Investments

At Trendline Capital, we are committed to investing in lower middle market companies that have unrealized upside.

TAB Industries

Headquartered in Reading, PA, TAB Industries, LLC manufactures and sells its own line of orbital pallet wrapping equipment under the tradestyle TAB Wrapper Tornado.  TAB’s orbital wrapping machines offer automatic and semi-automatic wrapping of plastic film 360 degrees around and under the pallet (and load) to create a tight, secure, unitized pallet that eliminates shifting in transit and storage.  The Company’s customers include both large and small companies operating in a wide range of sectors, including global OEMs and distributors.

For more information, visit www.tabwrapper.com

 

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Ecotech Hydro Excavation LLC

Ecotech Hydro Excavation LLC is a leading vacuum excavation company serving Eastern Pennsylvania, Delaware, Maryland, New Jersey and Washington DC.  Customers include utilities,  commercial and residential contractors, engineering consulting firms and municipalities. Ecotech is headquartered in Quarryville, PA with a satellite location in Severn, MD.  The Company employs approximately 50 full-time employees and has 20 vacuum excavation trucks in service.
 

For more information, visit www.goecotech.net

 

Weaver Precast

Weaver Precast is an exclusive manufacturer of Superior Walls products for much of the Mid-Atlantic and Northeast. Superior Walls are a patented, modular foundation wall system for below-grade and aboveground residential and commercial projects. The system has a number of inherent advantages over traditional masonry block and poured wall alternatives.

For more information, visit www.weaverprecast.com

 

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Astro Machine Works Inc.

Astro Machine Works Inc. is a custom machine builder and a leader in prototype machining and CNC Machining of a broad range of metals and plastics. Astro covers a wide range of industries including Manufacturing, Pharmaceutical, Medical, Aerospace, Food Processing, Government, Energy, and Telecommunications.

As part of its continued growth strategy, Astro acquired of All Fab LLC in February 2021.  All Fab is a metal fabricator that specializes in structural steel fabrication, aluminum fabrication, forming, shearing, and parts production, primarily for the utility industry and other commercial customers.  Trendline Capital made a mezzanine debt and equity investment in partnership with Astro to support its acquisition of All Fab.

For more information, visit www.astromachineworks.com

 

Monarch Precast Concrete

Monarch Precast Concrete manufactures a broad range of precast concrete products for the residential, commercial, and infrastructure construction industries throughout the Lehigh Valley and surrounding areas.  The market-leading Company, founded in 1949, is headquartered in Allentown, PA and has approximately 40 employees.

For more information, visit www.monarchprecast.com.

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Ross Technology Corporation

Ross Technology Corporation is a leading designer, marketer, and manufacturer of high value-add steel products used primarily in safety, security and material handling end-markets. The Company's products are utilized in highly recognizable projects around the world including the World Trade Center, United States Embassies and the Denver Mint. The Company operates three manufacturing facilities in Leola, PA while employing more than 130 employees.

For more information, visit www.rosstechnology.com

Holiday Outdoor Decor

Headquartered in Allentown, PA, Holiday Outdoor Decor designs, sells, and installs commercial holiday decorations, banners, and flags. The market-leading company, founded in 1921, serves thousands of municipalities, colleges and universities, hospitals, shopping centers, and corporate campuses. When Trendline acquired Holiday Outdoor Decor in 2019 (then named Rileighs Outdoor Decor), the company serviced customers only in the Northeastern United States.  Subsequent acquisitions of other regional distributors increased the company’s distribution footprint and installation reach.  Holiday Outdoor Decor is now the national leader, servicing customers coast-to-coast with installation bases in Pennsylvania, Florida, and Illinois.

For more information, visit www.holidayoutdoordecor.com

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Environmental Recovery Corporation

Environmental Recovery Corporation is a full service environmental solutions provider with locations in Lancaster, PA and Baltimore, MD.  ERC has the largest residual waste processing facility in the Mid-Atlantic Region, processing millions of gallons of residual waste every year. ERC processes a wide variety of non-hazardous waste materials from a variety of industries. Its services include the following:

  • Transport
  • Disposal
  • Industrial Services
  • Roll-off
  • Containerized Waste
  • Portable Restrooms
  • Food Waste

Trendline made a co-investment in ERC in February 2018 to provide liquidity to a retiring owner and growth capital to fund new technologies and add-on acquisitions.

For more information, visit www.ercofusa.com

Elite Sportswear

Elite Sportswear is a global leader in gymnastics, cheerleading, and competitive swim apparel. Distributed in over 35 countries, Elite specializes in high performance, niche, branded apparel that meets exacting needs from top athletes.  Its GK branded products have been consistently worn by Olympians, World Champions, and enthusiast amateurs for over 30 years.

Trendline’s predecessor, Timberline Capital Partners, acquired a majority interest in 2007 (later 100%). Timberline helped the company shed unprofitable product lines, add new product categories, expand executive management, enter into licensing arrangements with adidas, Under Armour, Disney, and Marvel and sign the top gymnasts in the world to endorsement deals.   Timberline exited via a sale to the Riverside Company in early 2015.

During the hold period, Elite’s revenue grew three-fold and its EBITDA increased by 6x.

For more information, visit www.gkelite.com.

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Astro Machine Works Inc.

Astro Machine Works Inc. is a custom machine builder and a leader in prototype machining and CNC Machining of a broad range of metals and plastics. Astro covers a wide range of industries including Manufacturing, Pharmaceutical, Medical, Aerospace, Food Processing,Government, Energy, and Telecommunications.

Trendline’s predecessor, Timberline Capital Partners, acquired a majority interest in 2006.  Timberline assisted the Astro management team by establishing an open-book management operating model, devising a performance incentive plan for its employees, developing on online sales strategy, refocusing on high-growth, high-margin industries, and funding millions of dollars of equipment and technology upgrades.  Timberline exited via a leveraged ESOP transaction in early 2018.

During the hold period, Astro’s revenue grew four-fold and its EBITDA increased by 10x.

For more information, visit www.astromachineworks.com