Author: Northborne

MINNEAPOLIS, MN – February 16, 2026 – Northborne Partners is pleased to announce that it served as the exclusive financial advisor to Labsurface in connection with its minority investment from Idealist Capital (“Idealist”). Financial terms were not disclosed.

Founded in 1995, Labsurface is a leading North American manufacturer and innovator of high‑performance concrete floor coating systems, engineered to enhance durability, safety and lifecycle performance in demanding environments. The company leverages proprietary formulations, materials expertise and in‑house manufacturing to serve a broad range of industrial, commercial and institutional end markets.

Jonathan Gagnon, President, CEO and Controlling Shareholder of Labsurface, expressed enthusiasm for the company’s next chapter, stating, “This partnership represents an important step forward for Labsurface. Idealist Capital shares our values around innovation, long-term thinking and disciplined growth. Just as importantly, they respect what makes Labsurface unique. We are grateful to the Northborne Partners team for their thoughtful guidance throughout this process and for helping us identify a partner who aligns so closely with our vision for the future.”

Mat Marcussen, Director at Northborne, commented, “We are incredibly grateful to have been part of this journey with Jonathan and the Labsurface team. Labsurface is a differentiated platform with a clear strategy, strong culture and compelling long-term opportunity. Idealist Capital is a natural partner for the next chapter of growth and we are proud to have helped bring together two groups so well aligned in ambition and values.”

Specialty coatings and materials as a category continues to be highly sought after by strategic and financial investors alike. Northborne is a thought leader in this segment and this transaction marks Northborne’s second completed transaction in specialty coatings and materials in 2026.

Davies Ward Phillips & Vineberg served as legal counsel to Labsurface on the transaction.

About Northborne Partners

Northborne Partners is a preeminent middle market investment banking firm focused on providing M&A advisory services to companies in the industrial, healthcare, services and food & consumer sectors, among others. It specializes in advising private-equity-owned and closely-held businesses on complex sell-side transactions. Northborne Partners is headquartered in Minneapolis, MN. For more information, please visit northborne.com.

About Labsurface

Founded in 1995, Labsurface is a leading North American manufacturer and innovator of high‑performance concrete floor coating systems. The company is recognized for its advanced materials expertise, proprietary formulations, and commitment to performance, durability, and reliability across industrial and commercial applications. Labsurface is headquartered in Mascouche, Québec. For more information, please visit labsurface.com.

About Idealist Capital

Founded in 2022, Idealist Capital is a growth‑oriented private equity firm focused on partnering with entrepreneurs to support the scaling of differentiated businesses across North America. The firm invests in companies positioned to benefit from long‑term structural trends, with an emphasis on building durable platforms alongside management teams. Idealist Capital is headquartered in Montreal, Québec. For more information, please visit idealist.capital.

MINNEAPOLIS, MN – January 21, 2026 – Northborne Partners is pleased to announce that it served as the exclusive financial advisor to KLM Acquisition Corporation, dba Aluma Trailers (“Aluma”), in its sale to Novae, a portfolio company of Brightstar Capital Partners. Financial terms of the transaction were not disclosed.

Founded in 1992 and headquartered in Bancroft, IA, Aluma Trailers is a leading manufacturer of aluminum utility, recreational and commercial trailers sold through an established network of dealers across the U.S. and Canada. With a focus on lightweight aluminum construction, Aluma designs and builds trailers and truck bodies that deliver strength, durability and long-term value for dealers and end users. The Company is continually recognized for its commitment to quality, industry-best warranty and reliable service, setting the standard in the industry.

Novae provides a comprehensive portfolio of open and enclosed cargo trailers and truck bodies. The acquisition of Aluma will strengthen its portfolio of industry-leading aluminum trailer brands distributed through dealer partners.

Mike Lloyd, President of Aluma since 2000, commented, “Joining forces with Novae is a strategic milestone for our company and for the dealers who have trusted us for so many years. Aluma and Novae share the same values: to continually grow our people and maintain ease of doing business for our partners. We’re customer-centric, quality-minded companies, which makes this a natural fit.”

Regarding Northborne’s involvement, Mike commented, “Northborne was an exceptional partner throughout the process. Their demonstrated expertise, support and thoughtful guidance were instrumental in achieving a successful outcome. The Northborne team’s day-to-day involvement gave us confidence throughout the transaction process that we were getting a fair deal and our interests were protected. They had our backs every step of the way.”

Paul Jevnick, Managing Director at Northborne, commented, “We’re honored to have advised Aluma on this important transaction, leveraging Northborne’s extensive experience working with family-owned businesses. It has been a privilege working with the owners and management of Aluma, and we look forward to seeing the Company’s continued success under Novae’s ownership.”

Ballard Spahr served as legal counsel to Aluma.

About Northborne Partners

Northborne Partners is a pre-eminent middle market investment banking firm focused on providing M&A advisory services to companies in the industrial, healthcare, services and food & consumer sectors, among others. It specializes in advising private-equity-owned and closely held businesses on complex sell-side transactions. Northborne Partners is headquartered in Minneapolis, MN. For more information, please visit northborne.com.

About Aluma Trailers

Founded in 1992 and headquartered in Bancroft, IA, Aluma Trailers is a leading manufacturer of aluminum utility, recreational and commercial trailers, known for its long-standing commitment to quality, durability, and dependable performance. The company emphasizes practical innovation, consistent manufacturing standards, and strong relationships across its dealer network. For more information, please visit alumaklm.com.

About Novae

Headquartered in Markle, IN, Novae is a leading trailer manufacturer in open and enclosed trailers and truck bodies in North America, operating distinct trailer brands including Sure-Trac^®, H&H Trailers^®, CAM Superline^®, Midsota^®, Pace American^®, Formula, and LOOK^®. Founded in 1995, Novae has over 1,000 employees and more than 20 manufacturing facilities. Novae maintains an active dealer network of over 1,000 partners. For more information, please visit novae.com.

MINNEAPOLIS, MN – December 17, 2025 – Northborne Partners is pleased to announce that it served as the exclusive financial advisor to Harrison Paint Company (“Harrison”) in connection with its sale to a local investor group led by the Bonner family. Financial terms were not disclosed.

Founded in 1911 and headquartered in Canton, Ohio, Harrison is a high quality, reliable specialty coatings provider with a diverse set of products serving the retail, wholesale, industrial, OEM and floor coatings markets. Harrison provides customizable formulas in both water and solvent based products through a high-touch business model.

Mat Marcussen, Director at Northborne, commented, “We are very proud to have worked alongside Pat and the Harrison team on this transaction. Pat and his team have been incredible stewards in the Canton community in continuing Harrison’s 100+ year legacy. We are honored to have shared in this important milestone and pleased to have found a buyer that shares the same ethos for the employees, customers and community.” Specialty coatings continues to be highly sought after by strategic and financial investors alike. This deal represents Northborne’s third completed transaction in specialty coatings.

Regarding Northborne’s involvement, Pat Lauber, President of Harrison, commented, “The Northborne team was a trusted partner in helping us navigate this transaction. Their deep knowledge of the specialty coatings sector, level of insight and dedication made a real difference and were essential in helping us achieve this outcome.”

Beau Bonner, Investor, expressed enthusiasm for the future saying, “The Harrison Paint team and I extend a great deal of gratitude to Pat for his trust and guidance throughout the transaction process. We look forward to building on the Harrison legacy and are on the cusp of something really special here for our employees, customers, the Canton community and the specialty coatings industry broadly.”

Krugliak, Wilkins, Griffiths & Dougherty served as legal counsel to Harrison. Vorys, Sater, Seymour and Pease served as legal counsel to the local investor group led by the Bonner family.

About Northborne Partners

Northborne Partners is a preeminent middle market investment banking firm focused on providing M&A advisory services to companies in the industrial, healthcare, services and food & consumer sectors, among others. It specializes in advising private-equity-owned and closely-held businesses on complex sell-side transactions. Northborne Partners is headquartered in Minneapolis, MN. For more information, please visit northborne.com.

About Harrison Paint Company

Founded in 1911 and headquartered in Canton, Ohio, Harrison is a high quality, reliable specialty coatings provider operating with proprietary formulations in both water and solvent based products. Harrison serves long-standing customers in core end markets across retail, wholesale, industrial, OEM and floor coatings. Harrison’s unique market position allows it to deliver highly technical coatings in a high-touch business model. To learn more about Harrison, please visit harrisonpaint.com.

MINNEAPOLIS, MN – December 1, 2025 – Northborne Partners is pleased to announce that it served as the exclusive financial advisor to Durex Products, Inc. (“Durex”), a portfolio company of Borgman Capital, in connection with its acquisition by Gerard Daniel Worldwide (“GDW”), a portfolio company of Graycliff Partners. Financial terms were not disclosed.

Founded in 1965 and headquartered in Luck, Wisconsin, Durex manufactures high-performance urethane wear parts and screen media for applications across the aggregate, mining, recycling, concrete and other heavy industrial sectors. The combination with GDW brings together two industry leaders and broadens GDW’s offerings in wire, wire cloth and filtration solutions while creating new avenues for growth and innovation.

Keegan Nelson of Durex Products expressed enthusiasm for the future saying, “Joining the Gerard Daniel Worldwide brand family provides us with a proven platform for growth. We look forward to utilizing their robust manufacturing and distribution resources while continuing to collaborate closely with our valued distributors and customers.”

Chris Klotsche, Director at Northborne, commented, “We’re proud to have worked alongside Borgman Capital and the Durex team on this transaction. Their commitment and hard work have built an impressive business, and we’re honored to have shared in this important milestone for the company.”

Brent Adam, Partner at Borgman Capital, added, “Northborne brought a level of insight and dedication that made a real difference. Their ability to balance strategic thinking with practical execution helped deliver an outstanding result.”

This transaction marks Northborne’s fifth closed industrials deal in four weeks.

Reinhart Boerner Van Deuren served as legal counsel to Borgman Capital on the transaction.

About Northborne Partners

Northborne Partners is a preeminent middle market investment banking firm focused on providing M&A advisory services to companies in the industrial, healthcare, services and food & consumer sectors, among others. It specializes in advising private-equity-owned and closely-held businesses on complex sell-side transactions. Northborne Partners is headquartered in Minneapolis, MN. For more information, please visit northborne.com.

About Durex Products

Founded in 1965, Durex Products is a leading manufacturer of screen media, wear parts, and accessories serving the aggregate and mining industries. The company is recognized for its engineering expertise, innovative solutions, and commitment to quality and durability. Durex Products is headquartered in Luck, Wisconsin. For more information, please visit durexproducts.com.

About Borgman Capital

Founded in 2017, Borgman Capital is a private investment firm focused on acquiring successful lower middle market businesses that are poised for growth, and real estate properties with untapped potential. Borgman Capital partners with business owners, management teams, and property owners seeking private equity as a growth or exit strategy. Headquartered in Milwaukee, the firm also has operations in the Twin Cities; Portland, Oregon; and Indianapolis. Learn more at borgmancapital.com.

About Gerard Daniel Worldwide

With over 70 years of experience, Gerard Daniel Worldwide is a leading global supplier of wire, wire cloth, wire mesh, and filtration products, which through multiple companies and brands such as Sunset Wire, Gerard Daniel, Rhodius, and Wire Cloth Man has focused on a uniquely customer first approach. With a strong focus on innovation and customer satisfaction, GDW operates multiple facilities across North America and Europe. For more information, please visit gerarddaniel.com.

About Graycliff Partners

Graycliff Partners is an investment firm focused on making lower middle market investments, typically in manufacturing, business services and value-added distribution businesses. Through dedicated equity and credit funds, Graycliff provides capital for acquisitions, management buyouts, recapitalizations, growth and expansion. For more information about Graycliff Partners, visit graycliffpartners.com.

MINNEAPOLIS, MN – November 19, 2025 – Northborne Partners is pleased to announce that it served as financial advisor to Specialty Wood Products, Inc. (“SWP”) in its sale to SRS Distribution Inc. (“SRS”), a subsidiary of The Home Depot, Inc.

Founded in 1989 and headquartered in Aurora, Colorado, SWP is a leading specialty dealer of premium decking, siding and heavy forest products, as well as other architectural-grade building materials. SWP offers a uniquely curated product portfolio sourced from top-tier domestic and international suppliers, delivering exceptional quality to residential and commercial builders.

Josh DeGuire, President of SWP, commented, “This is a transformational moment for SWP. For over three decades, we’ve built our reputation by putting people, customers, and suppliers first. Partnering with SRS combines our specialty focus with national scale, delivering greater reliability and choice to builders. Together, we’re creating a platform for growth that sets a new standard in the specialty lumber space.”

Paul Jevnick, Managing Director at Northborne, commented, “We’re proud to have guided SWP (and its parent company, Tumac Lumber Company) through this important transaction. The combination with SRS reinforces SWP’s position as a premier provider of premium decking, siding, timbers and other architectural-grade building materials and creates a strong platform for growth. It’s a great outcome for all stakeholders.”

Regarding Northborne’s involvement Brad McMurchie, Chairman of Tumac, commented, “From start to finish, Northborne demonstrated the expertise and focus needed to secure an exceptional result. Their insight and execution made all the difference in connecting SWP with a partner that shares its values and growth ambitions.”

DeGuire added, “We relied on Northborne’s expertise, and they delivered. The folks at Northborne took the time to understand the uniqueness of our business, which allowed them to tell SWP’s special story to, and drive maximum interest from, buyers. The result respects our values, supports our people and sets the stage for a strong next chapter with SRS.”

Stoel Rives served as legal counsel to Tumac and SWP.

About Northborne Partners

Northborne Partners is a preeminent middle market investment banking firm focused on providing M&A advisory services to companies in the industrial, healthcare, services and food & consumer sectors, among others. It specializes in advising private-equity-owned and closely-held businesses on complex sell-side transactions. Northborne Partners is headquartered in Minneapolis, MN. For more information, please visit northborne.com.

About Specialty Wood Products

Founded in 1989, Specialty Wood Products, Inc. (“SWP”) is a leading specialty dealer of premium decking, siding and heavy forest products, as well as other architectural-grade building materials. SWP offers a uniquely curated product portfolio sourced from top-tier domestic and international suppliers, delivering exceptional quality to residential and commercial builders. SWP is headquartered in Aurora, Colorado. To learn more about SWP, please visit https://swp.net/.

About SRS Distribution

Founded in 2008 and headquartered in McKinney, Texas, SRS Distribution has grown to become one of the largest and fastest growing building products distributors in the United States. Since the Company’s inception, it has established a differentiated growth strategy and entrepreneurial culture that is focused on serving customers, partnering with suppliers, and attracting the industry’s best talent. SRS currently operates under a family of distinct local brands encompassing more than 1,210 locations across the United States and Canada. SRS Distribution is a wholly owned subsidiary of The Home Depot, Inc. For more information, visit www.srsdistribution.com.

MINNEAPOLIS, MN – November 10, 2025 – Northborne Partners is pleased to announce that it served as financial advisor to Tumac Lumber Company (“Tumac”) in connection with the sale of its subsidiary, Disdero Lumber Company (“Disdero”), to BlueLinx Holdings (“BlueLinx”).

Founded in 1953 and headquartered in Clackamas, Oregon, Disdero is a leading value-added wholesale distributor of a broad range of premium specialty forest products and other premium building materials used primarily in the construction of custom single-family homes and high-end multi-family residential projects. Disdero offers a uniquely curated product portfolio sourced from top-tier domestic and international suppliers, delivering exceptional quality and reliability to lumber yards and pro dealers.

Ryan Kline, CEO of Disdero, commented, “BlueLinx is an ideal partner for Disdero. Their scale and resources will help accelerate our growth while preserving the values that define our business. We’re excited about the opportunities this partnership creates for our employees, customers, and suppliers as we continue to build on Disdero’s legacy.”

Paul Jevnick, Managing Director at Northborne, commented, “We’re proud to have partnered with Tumac on this transaction. Our goal was to run a thoughtful process that highlighted Disdero’s unique product assortment and customer relationships, which helped position the company for a strong outcome despite challenging conditions in the broader lumber industry. We look forward to seeing the Disdero people and business prosper as part of BlueLinx.”

Regarding Northborne’s involvement Brad McMurchie, Chairman of Tumac, commented, “We benefited greatly from Northborne’s professional and personal approach and the daily focus of the entire Northborne team on the transaction and our objectives. Their deep understanding of the LBM marketplace and Disdero’s unique position within it was instrumental in achieving such a successful outcome.”

Kline added, “Northborne was an outstanding partner for Disdero in navigating a complex transaction process. Thanks to Northborne’s expertise and commitment, Disdero was able to reach a result that not only benefited the ownership group, but most importantly, ensures a strong future for our employees.”

Stoel Rives served as legal counsel to Tumac and Disdero.

About Northborne Partners

Northborne Partners is a preeminent middle market investment banking firm focused on providing M&A advisory services to companies in the industrial, healthcare, services and food & consumer sectors, among others. It specializes in advising private-equity-owned and closely-held businesses on complex sell-side transactions. Northborne Partners is headquartered in Minneapolis, MN. For more information, please visit northborne.com.

About Disdero Lumber Company

Founded in 1953, Disdero is a leading value-added wholesale distributor of a broad range of premium specialty forest products and other premium building materials used primarily in the construction of custom single-family homes and high-end multi-family residential projects. Disdero offers a uniquely curated product portfolio sourced from top-tier domestic and international suppliers, delivering exceptional quality and reliability to lumber yards and pro dealers. Disdero is headquartered in Clackamas, Oregon. To learn more about Disdero, please visit www.disdero.com.

About BlueLinx Holdings

BlueLinx Holdings Inc. (NYSE: BXC) is a leading U.S. wholesale distributor of residential and commercial building products with both branded and private-label SKUs across product categories such as lumber, panels, engineered wood, siding, millwork, and industrial products. With a strong market position, broad geographic coverage footprint servicing fifty states, and the strength of a locally focused sales force, BlueLinx distributes a comprehensive range of products to its customers which include national home centers, pro dealers, cooperatives, specialty distributors, regional and local dealers, and industrial manufacturers. BlueLinx provides a wide range of value-added services and solutions to its customers and suppliers and operates its business through a broad network of distribution centers. To learn more about BlueLinx, please visit www.bluelinxco.com.

MINNEAPOLIS, MN – October 7, 2025 – Northborne Partners is pleased to announce that it served as the exclusive financial advisor to Universal Transportation Systems (“UTS”) in connection with its acquisition by Student Transportation of America (“STA”). Financial terms were not disclosed.

Founded in 1992, UTS is one of the largest independent student transportation providers in Ohio, serving school districts, charter schools and universities across the greater Cincinnati and Columbus metropolitan areas. Today, UTS has more than 350 employees and 350 school buses and vans, which operate from terminals in central and southwest Ohio.

Ben Marks, Managing Director at Northborne commented, “Student transportation continued to be a highly sought after sub-vertical within the broader infrastructure landscape, with substantial interest from both established strategic players like STA and funds looking to enter the space and create new platforms.” This deal represents Northborne’s second completed transaction in student transportation in 2025.

Regarding Northborne’s involvement, Geoff Kuzio added, “The Northborne team was a trusted partner in helping us navigate this transaction. Their deep knowledge of the student transportation sector and depth of relationships with the strategic players in the industry were essential in helping us achieve this outcome.”

Strauss Troy served as legal advisor to UTS.

About Northborne Partners

Northborne Partners is a preeminent middle market investment banking firm focused on providing M&A advisory services to companies in the industrial, healthcare, services and food & consumer sectors, among others. It specializes in advising private-equity-owned and closely-held businesses on complex sell-side transactions. Northborne Partners is headquartered in Minneapolis, MN. For more information, please visit northborne.com.

About Universal Transportation Systems

Founded in 1992, UTS is a leading student transportation provider in Ohio, providing a mix of general education, special education and charter services. The Company serves a mix of public school districts, charter schools and universities from its terminals in Cincinnati and Columbus. For more information, please visit utsohio.com.

About Student Transportation of America

Founded in 1997, STA is North America’s second largest and most progressive provider of school transportation services, operating more than 20,000 vehicles in 24 US states, 6 Canadian provinces and 1 Canadian territory. STA’s family of local companies deliver safe, reliable and cost-effective transportation solutions to school districts throughout North America. For more information, please visit ridesta.com.

MINNEAPOLIS, MN – August 7, 2025 – Northborne Partners is pleased to announce that it served as the exclusive financial advisor to Weather Shield in connection with its sale to Pella Corporation. Financial terms were not disclosed.

Founded in 1955, Weather Shield Windows and Doors is a premium manufacturer of architectural wood and aluminum window and door solutions based in Medford, Wisconsin. Weather Shield is known for its distinctive architectural design expertise and high-end product offerings, serving the unique needs of discerning architects, builders, and homeowners.

Eric Nicholson, Managing Director at Northborne, commented, “We have deep admiration and respect for the people of Weather Shield and the business and culture built by the Schield family, the management team and the employees. We look forward to seeing Weather Shield continue to prosper as part of Pella Corporation’s family of brands.”

Mark Schield of Weather Shield, commented, “Northborne was an outstanding partner for the Schield family as we navigated this strategic transaction.” Bob Foote, President of Weather Shield, added, “We benefited greatly from Northborne’s professional and personal approach and the daily focus of the Northborne team on the transaction and our objectives.”

Reinhart Boerner Van Deuren served as legal counsel to Weather Shield.

About Northborne Partners

Northborne Partners is a preeminent middle market investment banking firm focused on providing M&A advisory services to companies in the industrial, healthcare and food & consumer sectors, among others. It specializes in advising closely-held and private-equity-owned businesses on complex sell-side transactions. Northborne Partners is headquartered in Minneapolis, MN. For more information, please visit northborne.com.

About Weather Shield

Weather Shield Windows & Doors is intelligent design. Weather Shield combines artistry and engineering to create high-end windows and doors that help architects, homebuilders and homeowners push the boundaries of what’s possible. Founded in 1955, Weather Shield is based in Medford, Wisconsin.

About Pella Corporation

Pella Corporation has been making life brighter for its customers, communities, and team members since 1925. Recognized as an industry leader in innovation, Pella designs and manufactures windows and doors for residential homes and commercial applications. The company is headquartered in Pella, Iowa, and employs 11,000 team members across 21 manufacturing sites and 250 showrooms throughout the country. For more information, visit pressroom.pella.com.

MINNEAPOLIS, MN – June 16, 2025 – Northborne Partners is pleased to announce that it served as the exclusive financial advisor to G.L. Capasso (the “Company”) in connection with its partnership with Northern Lakes Capital (“NLC”), a middle market private equity firm. Financial terms were not disclosed.

Founded in 1976 and headquartered in New Haven, Connecticut, G.L. Capasso is a leading provider of facade restoration, masonry repair, waterproofing and structural maintenance services for commercial and institutional buildings throughout the Northeast. With a reputation for technical excellence and decades-long relationships with top architectural and engineering firms, construction management companies and institutional clients, the Company is known for delivering high-quality craftsmanship across a range of project types, including healthcare, education, municipal and commercial buildings.

In connection with the partnership with G.L. Capasso, NLC has launched Continental Restoration Services, a holding company focused on partnering with providers of maintenance and restoration services for building envelopes and structures. NLC looks forward to working with the G.L. Capasso team to further build and scale this platform.

Ben Marks, Managing Director at Northborne, commented, “G.L. Capasso operates in a highly attractive sector that provides critical services to extend the useful life of aging infrastructure. The Company’s strong reputation and long-standing customer relationships made it a compelling platform. We’re thrilled to have helped bring together G.L. Capasso and Northern Lakes Capital and we’re excited to see what’s next for the business.”

About Northborne’s involvement, Carmine Capasso, President of G.L. Capasso, added, “The Northborne team was an exceptional partner. Their deep understanding of the infrastructure services sector was critical to facilitating a successful outcome. We’re excited to work with Northern Lakes Capital to build on our strong foundation and continue delivering top-tier service to our clients.”

About Northborne Partners

Northborne Partners is a preeminent middle market investment banking firm focused on providing M&A advisory services to companies in the industrial, healthcare and food & consumer sectors, among others. It specializes in advising private-equity-owned and closely-held businesses on complex sell-side transactions. Northborne Partners is headquartered in Minneapolis, MN. For more information, please visit northborne.com.

About G.L. Capasso

Founded in 1976, G.L. Capasso is a leading provider of restoration and waterproofing services focused on building facades and structural systems. With a reputation for precision, quality and integrity, the Company serves a wide range of commercial, institutional and governmental customers across the Northeast. For more information, please visit glcapasso.com.

About Northern Lakes Capital

Northern Lakes Capital, a Minneapolis, MN-based private equity group, focuses on partnering with leading family-owned private companies. NLC partners with its teams and companies to develop a tailored strategy to create long-term value throughout its partnership. For more information, please visit www.northernlakescapital.com.

MINNEAPOLIS, MN – April 24, 2025 – Northborne Partners is pleased to announce that it served as the exclusive financial advisor to Restoration Systems (“RSI” or the “Company”) in connection with its recapitalization by Blue Point Capital Partners (“Blue Point”), a middle market private equity firm. Financial terms were not disclosed.

Operating from offices in Minneapolis and Milwaukee, RSI is a leading provider of commercial repair, restoration and preservation services for building facades and parking ramps throughout the Midwest. The Company offers a comprehensive suite of services including brick and stone repair, tuckpointing, waterproofing, concrete repair, traffic coating application and post tension cable repair services. The Company has a 25+ year history of enabling customers across commercial, medical, educational, governmental, and multi-family end markets to effectively maintain their building envelopes.

Blue Point specializes in partnering with entrepreneurs and management teams to invest in and grow lower middle-market companies. The firm focuses on identifying ways to help companies capitalize on growth opportunities with positive impacts for all their stakeholders. With this partnership, RSI is well-positioned to accelerate its growth trajectory, expand its geographic reach and further strengthen its market leadership in facade and structural repair and restoration across the Midwest.

Ben Marks, Managing Director at Northborne, commented, “Commercial building restoration and maintenance continues to be a highly sought-after vertical within the infrastructure and infrastructure services sector, offering critical, non-deferrable services to address the United States’ rapidly aging infrastructure. Under Blake Dronen’s leadership, RSI has developed a market-leading platform in the Midwest and is primed for continued growth with Blue Point as a partner. It was a privilege to work with RSI on this important transaction and to find the right partner to support Blake and his leadership team.”

About Northborne’s involvement, Blake Dronen, President of Restoration Systems said, “The combination of the Northborne team’s deep execution bench from top to bottom, recent experience working with project-oriented businesses like RSI and relationships with high quality private equity investors was vitally important to us achieving a great outcome. We are excited to partner with Blue Point and continue delivering exceptional quality service for our customers and providing exciting growth opportunities for our team well into the future.”

About Northborne Partners

Northborne Partners is a preeminent middle market investment banking firm focused on providing M&A advisory services to companies in the industrial, healthcare and food & consumer sectors, among others. It specializes in advising private-equity-owned and closely-held businesses on complex sell-side transactions. Northborne Partners is headquartered in Minneapolis, MN. For more information, please visit northborne.com.

About Restoration Systems

Restoration Systems is the Midwest’s leading repair and restoration company specializing in concrete repair, masonry repair, and waterproofing services for building facades and parking ramps. Using modern expertise and technology, RSI restores and preserves the places and spaces that fuel the future. The Company’s expert craftsmanship comes from teamwork, innovation, and a commitment to completing every project with care, precision, and passion. For more information, please visit restorationsystems.net.

About Blue Point Capital Partners

Blue Point is a private equity firm managing over $1.8 billion in committed capital. With nationwide resources, Blue Point’s geographical footprint allows it to establish relationships with local and regional entrepreneurs and advisors while providing the perspectives and resources of a global organization. Blue Point has over a two-decade history of partnering with lower middle-market businesses to build processes and capabilities to achieve growth. Blue Point’s portfolio is supported by its unique capabilities — which include an integrative team focused on innovative global supply chain, data and digital, and human capital strategies — as well as its extensive experience, network of industry resources, and focused M&A efforts. Blue Point typically invests in businesses that generate between $30 million and $300 million in revenue. For more information, please visit bluepointcapital.com.