MINNEAPOLIS, MN — Northstar Capital (“Northstar”), a provider of junior capital for middle market private equity transactions, is pleased to announce its investment in Oak Electric Service Holding LLC (“Oak Electric”), a portfolio company of ShoreView Industries (“ShoreView”).

Founded 25+ years ago, Oak Electric is an electrical and mechanical contractor providing products and services to residential and commercial customers throughout Michigan, Ohio, and the northeastern US. Products and services include installation and maintenance of backup generators, solar panels and systems, backup batteries, electric vehicle charging stations, HVAC systems, and general electrical services. Through its knowledgeable technician base, Oak Electric serves customers from its locations in Michigan, Ohio, Vermont, and New Hampshire. Oak Electric will actively seek add-on acquisitions in the electrical services space. For more information, please visit https://oakelectric.com/.

Northstar provided debt and an equity co-investment to help ShoreView finance an add-on acquisition which added a new geography and diversified service offerings. The Northstar team remains committed to partnering with experienced management teams and private equity sponsors to help good companies become even better. Oak Electric is the twelfth 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 www.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 https://www.shoreview.com/.

Contacts

Brian Schneider                              Ethan Eid                                    Matt Lilledahl                                    Johnny Walsh

Managing Partner                           Partner                                        Vice President                                   Associate