ShoreView Industries Acquires P&F Industries; Northstar Capital Provides Financing
February 1, 2024
ShoreView Industries has agreed to acquire P&F Industries, Inc. in an all-cash take-private transaction at $13.00 per share. Northstar Capital provided junior debt financing and an equity co-invest to help fund the transaction; ShoreView will operate P&F as a platform and pursue add-on acquisitions in hand-held tools, gears and niche industrial equipment.
- Buyers
- ShoreView Industries, ShoreView Capital Partners IV, LP, Northstar Capital
- Targets
- P&F Industries, Inc.
- Sellers
- P&F Industries shareholders, Richard Horowitz
- Industry
- Manufacturing
- Location
- New York, United States
- Transaction Type
- Buyout
Explore More
Related Acquisitions
-
ShoreView Industries Acquires Crown Products, Inc. from WILsquare Capital
June 8, 2022
Building Products
ShoreView Industries has acquired Crown Products, Inc., a specialty distributor of flooring and flooring installation products headquartered in Bloomington, Minnesota, from WILsquare Capital. Northstar Capital provided junior capital/co-investment to help finance the transaction; terms were not disclosed. The deal supports continued expansion of Crown's branch network, e-commerce capabilities, and product offering.
-
ShoreView Invests in Victory Air and Equipment, LLC
April 22, 2020
Industrial Services
ShoreView, a Minneapolis-based private equity firm, has made an investment to recapitalize Victory Air and Equipment, a distributor of abrasives, paint, blasting equipment and replacement parts headquartered in Victoria, Texas. The recapitalization provides the company's owners with liquidity and growth capital to support geographic expansion into end markets including petrochemicals, oil & gas, industrial manufacturing and marine/shipbuilding.
-
ShoreView Capital Partners Recapitalizes 8020 Consulting
October 15, 2021
Consulting
Minneapolis-based private equity firm ShoreView Capital Partners has completed an investment to recapitalize 8020 Consulting, a Southern California financial consulting firm. ShoreView partnered with 8020's management to support growth, backing a strategy that includes pursuing add-on acquisitions and geographic expansion.
-
AFC Industries (Bertram Capital) Acquires P. F. Markey
February 21, 2023
Industrial Services
AFC Industries, a portfolio company of Bertram Capital, has acquired P. F. Markey, a distributor of cutting tools, abrasives and industrial vending/VMI solutions. PF Markey will join AFC’s tooling division (alongside Cline Tool) and remain led by its existing management team; Angle Advisors served as exclusive advisor to PF Markey.
-
Oak Electric Acquires Great Lakes Electric; Northstar Capital Provides Financing to ShoreView-Backed Oak Electric
March 24, 2025
Electrical Services
Oak Electric, a ShoreView Industries portfolio company, has acquired Great Lakes Electric (headquartered in Milan, Ohio) in an add-on transaction. Northstar Capital provided junior debt and an equity co-investment to help ShoreView finance the add-on, which expands Oak Electric's geography and service offerings; terms were not disclosed.
-
ShoreView Industries Acquires Garner Industries
August 1, 2023
Manufacturing
Minneapolis-based private equity firm ShoreView has acquired Garner Industries, a Lincoln, Nebraska-based manufacturer of level measurement sensors that markets under the BinMaster brand. The deal provides an exit for majority owner Phil Mullin and establishes Garner as a platform for ShoreView's test-and-measurement investment strategy, with plans to pursue add-on acquisitions and new product development.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.