MINNEAPOLIS, MN — Northstar Capital (“Northstar”) is pleased to announce its investment in Parallel Technologies, Inc. (“Parallel Technologies” or the “Company”).

Founded in 1983, Parallel Technologies is a leading provider of security technology solutions and managed services, dedicated to securing communities and enhancing operational efficiency for its clients. Headquartered in Eden Prairie, MN, Parallel Technologies serves a variety of end markets including healthcare, education, government, and industrial sectors. The Company’s technology expertise and commitment to innovation enables it to create safer, smarter, and more efficient environments for organizations worldwide. For more information, please visit https://ptnet.com/

Northstar provided debt and an equity co-investment to support financing the transaction. The Northstar team remains committed to partnering with experienced management teams and sponsors to help good companies become even better. Parallel Technologies is the tenth 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.

Contacts

Chris Kocourek                                      John Kennefick                                                         Kendall Williamson

Managing Partner                                 Principal                                                                      Senior Associate