Baltimore, MD – [January 2, 2025] – Exeter Street Capital Partners (Exeter), the private equity affiliate of Patriot Capital Group, announced that its portfolio company Persona Triangle has acquired Advanced Facility Solutions, LLC (AFS).
Founded in2019 and headquartered in Saddle Brook, New Jersey, Advanced Facility Solutions has rapidly emerged as a leading national provider of facilities maintenance and construction services for some of the largest brands in the United States. Serving industries such as retail, convenience, storage, healthcare, and education, AFS delivers tailored solutions designed to meet the diverse needs of its clients.
“We are thrilled to welcome Advanced Facility Solutions to our family,” said Greg Kulesa, CEO of Persona Triangle. “AFS is a national, multi-service facility maintenance and construction company known for its passionate team of professionals who drive success and exceptional customer service. The AFS team will greatly expand our ability to serve our core customers’ broader facility services requirements and is strategically accretive to Persona Triangle as we advance our market leadership in multiple subsectors.”
AFS’s turnkey solutions include reactive and preventive maintenance services, rollout programs, and large-scale construction projects—available on-demand, 24/7, 365days of the year. Their streamlined operations and cutting-edge technology provide clients with efficient, proactive, and cost-saving solutions.
By combining trade expertise with a focus on consumer-centric environments, AFS empowers property owners and managers to operate their locations economically, efficiently, and effectively. AFS sets itself apart with an unwavering commitment to relationships with clients, employees, partners, and the communities they serve.
In partnership with Persona Triangle, one of the largest commercial signage and facility service providers in the United States, AFS will offer customers one-stop facility services capabilities addressing a wide range of facility requirements. AFS will continue to serve its respective customers and markets directly under the AFS name.
“We are thrilled to join forces with the team at Persona Triangle, who bring a tremendous breadth of resources and capabilities that we will leverage to increase, accelerate and improve what we already do for our customers,” said Marc Denman, CEO of AFS.
Enterprise Bank and Trust provided senior debt financing for the deal. Nelson Mullins represented Exeter and Persona Triangle in the transaction. Harbert Credit Solutions, NewSpring Mezzanine, Northcreek Mezzanine, and members of Persona Triangle’s leadership team continue to be investment partners with Exeter in Persona Triangle.
About Persona Triangle
With over 135 years of combined industry experience, Persona Triangle ranks among the top five sign manufacturers in the U.S. and is one of the largest, full-service facility services providers in the country trusted by over 200 recognized brands at more than 12,000 locations across North America and beyond.
Persona Triangle has corporate headquarters located in Watertown, South Dakota, and Baltimore, Maryland, and boasts nearly 260,000 square feet of combined manufacturing space. The Persona division, based in South Dakota, leverages its dominant market share in hospitality and quick-serve restaurants to lead the U.S. in large format, programmatic signage for the largest brands and franchise operators in the world. The Triangle division, based in Baltimore, specializes in custom, architecturally unique, and premium signage for many of North America’s most iconic commercial and retail companies.
With its strong foundation in commercial signage manufacturing and project management, the company’s fastest growing division is facility services which includes commercial lighting, facility repairs and maintenance, capital renovation projects, and property improvement plans. The company is actively growing this division both organically and through acquisitions.
To learn more about Persona Triangle, visit personatriangle.com.
About Exeter Street Capital Partners
Exeter Street Capital Partners is the independent sponsor affiliate of the Patriot Capital Group. Exeter has a demonstrated track record of successful investments in promising small cap companies within the specialty industrial and services sectors. Further, they pursue strategies that can build those companies into national, regional, or sector market leaders. Exeter has raised and deployed over $1 billion across 11investments since 2014, and over $400 million since 2021. This success is a direct result of their focus on forming close partnerships with the existing management of growing businesses where their capital, operating resources, financial expertise, strategic insights and professional network can accelerate growth and build long term value. Exeter takes a long term, partnership approach to investing, with no pre-determined timeline to exit or monetize their investments.
For more information, visit exeterstreetcapital.com.
