Stellex, New York private equity firm, opens office in Downtown Pittsburgh
August 2, 2022
A New York-based private equity firm is expanding into Pittsburgh.
Stellex Capital Management opened an 1,800-square-foot office Monday in U.S. Steel Tower on Grant Street in Downtown.
It marks the second regional office in the country opened by Stellex, described as a middle market private equity firm. The other is in Detroit, where it debuted in 2020.
In Monday’s announcement, Stellex stated the opening of the Pittsburgh office reinforces its commitment to “catalyzing growth by serving as a reliable partner.”
The firm has partnered in the past with local public and private stakeholders and groups to invest in businesses that can benefit from the support of additional capital and Stellex team expertise in trying to enhance value.
Sectors of focus for the company include specialty manufacturing, industrial and business services, aerospace and defense, automotive, government services, transportation, logistics and food.
In a statement, Michael Livanos, Stellex managing director, said the firm has been working to create long-term relationships with local business leaders “because we see tremendous potential” in Pittsburgh. Read more here.