Peninsula Capital Partners has exited its stake in Tex Tech Industries, selling the textile manufacturing company to Minneapolis PE firm ShoreView Industries in a secondary buyout. Tex Tech manufactures highly-engineered woven and non-woven fabrics used in multiple industries and applications, including aerospace, mass transportation, aviation, defense, filtration, ballistics and fire blocking. Peninsula first acquired the company through a 2004 recapitalization. BlackArch Partners served Tex Tech as exclusive sell-side advisor in the transaction.
