February 1, 2024

Northstar Capital Invests in P&F Industries, Inc.

MINNEAPOLIS, MN — Northstar Capital (“Northstar”), a provider of junior capital for middle market private equity transactions, is pleased to announce its investment in P&F Industries, Inc (“P&F”), a portfolio company of ShoreView Industries (“ShoreView”).

P&F is a global designer, manufacturer, and distributor of power tools, gears, and other highly engineered industrial equipment. Founded in 1963, the Company’s products are used across a range of end markets, including aerospace OEM, automotive aftermarket, industrial, oil and gas, and retail. P&F’s products are sold through proprietary brands including Jiffy Air Tool, AIRCAT, Universal Tool, and ATP, as well as under private labels of major manufacturers and retailers. The Company will actively seek add-on acquisitions in the hand-held tools, gears, and niche industrial equipment sectors. Prior to the acquisition by ShoreView, P&F was listed on the NASDAQ. For more information, please visit https://pfina.com/.

Northstar provided debt and an equity co-investment to help ShoreView finance the transaction. The Northstar team remains committed to partnering with experienced management teams and private equity sponsors to help good companies become even better. P&F is the seventh platform investment in Northstar Mezzanine Partners VIII LP.

About Northstar Capital

Northstar Capital is an investment management company with offices in Minneapolis, Minnesota and Fargo, North Dakota. Northstar specializes in junior capital investments and equity co-investments in middle-market companies. Since inception, Northstar has partnered with more than 160 companies and raised nearly $2 billion in capital. Northstar invests in a diverse range of industries, including healthcare, industrials, consumer, business services, food and agriculture, outsourcing, and distribution. For more information, please visit www.northstarcapital.com.

About ShoreView Industries

ShoreView is a Minneapolis-based private equity firm that has raised over $1.3 billion of committed capital across four 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 https://www.shoreview.com/.


Brian Schneider                                          Joseph Lingen                               Colin Moroney

Managing Partner                                       Vice President                                Associate