PNC Mezzanine takes $20M stake in management buyout
PNC Mezzanine Capital has staked the management buyout of BoltTech Inc., a Westmoreland County developer of bolting applications for industrial plants and refineries, with a $20 million investment of its own. The transaction enabled BoltTech founder Harry Knopp Sr. to cash out of the business he started in 1979, gives his sons and new CEO…