Examples of Prior Experience & Investments

Pennant’s Partners have worked with many manufacturing companies, tech-enabled services businesses and IT companies in markets including healthcare services, medical products, industrial products, distribution, software, internet startups, electronics, metal fabrication, military, petroleum, product design & development, electric and renewable energy.

Rapid Group, Inc. specializes in Sheet Metal Prototypes, Machined Prototypes Sold to ProtoLabs, Inc.


AIS is a maker of semiconductor test equipment developed in conjunction with MIT and Lincoln Labs.  AIS was sold to Philips Electronics.

CiDRA is a industrial process optimization company founded on core technology Patents and fiber optic inst. IP developed by United Technologies Corporation (UTC) & MIT

innoPad, Inc. commercialized advanced polishing pads used by the semiconductor industry for CMP (Chemical Mechanical Planarization).  innoPad was sold to FNS.

ICOMS was an eCommerce financial transaction management SAAS solution.

Cornerstone Software was a Real Estate & Construction management software solution sold to Manhattan Software.

HIP is a Medical & MedTech products incubator founded by a group of designers, engineers, doctors and entrepreneurs who have come together for the sole purpose of finding, creating and bringing better healthcare products, medical innovations and medical devices to life.

 Deerpath Energy Designs, develops, finances and installs commercial and municipal scale “small wind” renewable energy projects. Sold to Southwest Windpower.

 AliMed, Inc. is a leading middle-market specialty medical supplies manufacturer and distributor for the Hospital and long term care indusrty.

Sonexis, Inc. designs and builds an in-house, secure, integrated audio and web conferencing systems. Sonexis was acquired by Compunetix Group in 2008.

Network Engines  A leading developer of integrated and powerful server appliances for storage and security software and equipment providers. Network Engines is publicly traded on the NASDAQ exchange (NASD:NENG).

Surgical Sealants Developed uinique cross-linked collagen based surgical glue.

Accurev provides tools that help organizations produce higher quality software rapidly and cost efficiently.


Nexaweb delivers the leading enterprise-class Rich-Internet Application (RIA) framework for creating and deploying feature-rich, maintainable applications.

Terascape provides a storage management software solution that sharply increases storage performance. Terascape was acquired by EMC.

Valvcon Manufacturer of next generation quarter-turn electric value actuators and controls for the Petro-Chemical, Oil & Gas E&P, Water & Waste water, HVAC and Pharmaceutical industries. Valvcon was acquired by the Nelis Jamesbury division of Metso in 2001.

Backer-Loring Corporation was a manufacturer of precision sheet metal, machined parts and electronic assemblies. Backer-Loring was acquired in 1995.