---
title: "Princeton Equity Group Announces Strategic Investment in Pirtek"
url: https://burnaze.com/article/bb050d8f-e18d-46a5-9726-b23594456e90
source: "Franchising.com"
original_url: https://www.franchising.com/news/20231031_princeton_equity_group_announces_strategic_investment_in_pirtek.html
category: "Home Services"
industry: "Home Services"
topics: ["Finance & M&A"]
published: 2023-10-31T12:00:00.000Z
modified: 2026-10-31T20:03:18.778Z
image: https://imgs.franchising.com/brands/social/pirtekusa.jpg
---

# Princeton Equity Group Announces Strategic Investment in Pirtek

**TL;DR:** Princeton Equity Group has announced a strategic investment in Pirtek, a provider of on-demand hydraulic services. The investment will help Pirtek expand its market presence across North America.

*originally published in Franchising.com on 2023-10-31. [Read the original](https://www.franchising.com/news/20231031_princeton_equity_group_announces_strategic_investment_in_pirtek.html).*

## Story

ROCKLEDGE, FL and DALLAS, TX -- Princeton Equity Group (“Princeton”) announced today the completion of its strategic investment in Pirtek, a franchisor of hydraulic hose repair and replacement services.

Founded in 1998 and then re-acquired by the Duncan family in 2014, Pirtek provides on-demand, 24/365 services within a 1-hour ETA to repair and replace mission-critical hydraulic hoses in stationary and mobile equipment across a wide variety of end markets. Pirtek also supplies its franchisees the hoses, fittings, and other products used in the repair and replacement services.

“This partnership with Princeton is the right move for Pirtek at this stage of our lifecycle,” said Kim Gubera, CEO of Pirtek. “We are intently focused on supporting our franchisees, and we will continue investing in our infrastructure to ensure they have the tools they need to succeed, while expanding our market presence across North America.”

Key management and the Duncan family will retain ownership in Pirtek, and Kim Gubera will continue to run the business as CEO. Other terms of this transaction were not disclosed.

A great way to work for yourself and serve a wide range of clients is to launch a hydraulic and industrial hose service franchise.

## Entities

- Franchising.com (publication)
- Home Services (sector)
- franchise expansion (topic)
- private equity (topic)
- PIRTEK USA (company)
- Kim Gubera (person)
- strategic investment (topic)
- Princeton Equity Group (investor)
- Princeton Equity Group investment in PIRTEK USA (deal)

---
Originally reported by Franchising.com (https://www.franchising.com/news/20231031_princeton_equity_group_announces_strategic_investment_in_pirtek.html). Summarized by Burnaze (https://burnaze.com/article/bb050d8f-e18d-46a5-9726-b23594456e90).