Northstar Capital Invests in Yale Cordage
MINNEAPOLIS — Northstar Capital (“Northstar”), a provider of junior capital for middle market private equity transactions, is pleased to announce its investment in Yale Cordage, a portfolio company of River Associates (“River”).
Based in Saco, Maine, Yale Cordage is a leading provider of high-performance synthetic rope for key industries such as: heavy lift, specialty industrial, utility, arborist, life safety, and oceanographic / marine. The Company utilizes proprietary equipment and engineering ingenuity to design and manufacture synthetic rope and rope systems for hundreds of long-term customer relationships.
Northstar provided subordinated debt and an equity co-investment to help River finance the deal. The Northstar team remains committed to partnering with strong management teams and private equity sponsors in both good and challenging times.