MINNEAPOLIS, MN — Northstar Capital (“Northstar”), a committed financing partner to private equity sponsors in the lower middle market, is pleased to announce its investment in Elevator Systems, Inc. (“ESI”), a portfolio company of ShoreView Industries (“ShoreView”).

Elevator Systems, Inc. was founded in 1973 and is headquartered in Garden City, NY. ESI is an established designer and distributor of elevator controllers, replacement parts, load weighing systems, and wedge sockets. The Company serves independent elevator service technicians and contractors, primarily across the New York tri-state area, with a growing presence in the Southern U.S. ESI has built a large, diversified customer base with strong repeat purchasing behavior, reflecting technicians’ preference for a consistent, trusted supplier to simplify procurement and installation. ESI also owns EMCO, North America’s largest supplier of elevator load weighing and wire rope socket products. For more information, please visit elevatorsystems.com.

Northstar provided debt and an equity co-investment to support the financing of an add-on acquisition to further grow the ESI platform. The Northstar team remains committed to partnering with experienced management teams and private equity sponsors to help good companies become even better. Elevator Systems, Inc. represents the twenty second platform investment in Northstar Mezzanine Partners VIII L.P.

About Northstar Capital

Northstar Capital is a private investment firm specializing in providing flexible credit solutions and equity co-investments for lower middle market companies. Since its founding in 1993, Northstar has raised more than $2.4 billion in capital and supported over 180 small businesses nationwide. The firm is headquartered in Minneapolis, Minnesota, with an additional office in Fargo, North Dakota. Northstar invests across a broad range of industries, including healthcare, industrials, consumer, business services, food and agriculture, outsourcing, and distribution. For more information, please visit northstarcapital.com.

About ShoreView Industries

ShoreView is a Minneapolis-based private equity firm that has raised $1.8 billion of committed capital across five funds. ShoreView partners with family and entrepreneur-owned companies across many sectors, including niche manufacturing, value-added distribution, business services, residential services, industrial services, niche consumer, and aerospace/defense. For more information, please visit shoreview.com.

Contacts

Brian Schneider – Managing Partner, John Kennefick – Partner, Matt Lilledahl – Vice President, Colin Moroney – Senior Associate