MINNEAPOLIS, MN — Northstar Capital (“Northstar”), a provider of junior capital for middle market private equity transactions, is pleased to announce its investment in TMI Coatings (“TMI”), a portfolio company of PCM Companies (“PCM”).

Founded in 1985, TMI is a specialty painting, coating and restoration contractor focused on maintaining, repairing, and restoring America’s industrial and public infrastructure. Headquartered in Eagan, Minnesota, TMI provides expert surface preparation and applies high-performance paints, protective coatings, and linings on a variety of structures including water towers, stacks, structural steel, and concrete. The company’s proven expertise extends across industries, serving Fortune 1000 companies and government entities with projects that demand technical precision, durability, and strict safety standards. TMI’s unwavering commitment to safety, quality, innovation, on-time completion, and customer satisfaction has been the cornerstone of its success. As an SSPC QP 1 and QP 2 certified contractor, TMI upholds the highest standards for quality and environmental practices in surface preparation and coating application. For more information, please visit tmicoatings.com.

Northstar provided debt and an equity co-investment to help PCM 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. TMI is the thirteenth platform investment in Northstar Mezzanine Partners VIII L.P.

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 170 companies and raised over $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 northstarcapital.com.

About PCM Companies

Founded in 1998, PCM Companies is a Twin Cities-based private investment firm focused on investing in businesses that make up the backbone of the U.S. economy.  PCM acts as patient investors deploying capital on behalf of several notable Minnesota families via a focus on partnering with founders and management teams to continue building and growing exceptional businesses. For more information, please visit pcmmgmt.com.

Contacts

Brian Schneider – Managing Partner, Daniel Kleineman – Partner, Kendall Williamson – Senior Associate