Threshold Holdings Announces Equity Partnership with Pressure King RVA

Threshold Holdings LLC announces the closure of a new minority stake in Pressure King RVA, located in Richmond, Virginia. Pressure King RVA is a comprehensive pressure washing supplier with a diversified product portfolio specifically designed around homeowner enjoyment & residual value preservation. The company maintains additional specialties in maritime assets as well as hardwood management.

Pressure King RVA will leverage Threshold's equity infusion to further scale operations and invest in the capital improvements necessary to keep pace with the booming residential market in Richmond. Additionally, Pressure King RVA will be able to tap Threshold's expertise and connections to capital markets to build a powerful balance sheet and shore up a strong market position.

Patrick Bothwell, chairman and founder of Pressure King RVA, had the following to say: "With this infusion into our balance sheet complete, Pressure King has everything needed to aggressively expand and pursue market share. Our company values line up closely with those of Threshold's and we're beyond grateful to have them in our corner as a partner."

Threshold management noted they were "ecstatic" about the deal, and "looking forward to getting down to business".

The specifics of the deal were not disclosed.

Threshold Holdings LLC is an opportunistic global arbitrage firm. The firm invests around repeatable patterns and solid fundamentals built from first principles. The firm’s operations currently take place from the United States.