Shorehill Capital Acquires Majority Interest in Functional Devices LLC

L Squared Capital Partners Acquires Functional Devices, Inc.

February 23, 2026

Manufacturing

L Squared Capital Partners has acquired Functional Devices, Inc., a Sharpsville, Indiana–headquartered maker of RIB relays, current sensors, power supplies and other field devices for building automation and emergency lighting. Management (led by President & CEO Mark Fernandes) invested alongside L Squared, which plans to invest in product development, commercial expansion and pursue add-on acquisitions to build out a platform in peripheral components for building automation.

Shorehill Capital Acquires Ownership Interest in Triad Technologies, LLC

November 7, 2019

Industrial Services

Shorehill Capital acquired an ownership interest in Triad Technologies, LLC in partnership with Triad's management team and the Wissman family. The Wissman family retained a significant ownership stake and Doug Wissman will join the company's board; Twin Brook Capital Partners and Maranon Capital provided financing. Triad is a Vandalia, Ohio-based value-added distributor of industrial fluid power and automation solutions, serving more than 7,000 active customers across 21 locations.

Shorehill Capital Recapitalizes Flexpak, LLC

August 6, 2021

Packaging

Shorehill Capital LLC completed a recapitalization of Flexpak, LLC, a Woods Cross, Utah-based value-added packaging distributor, with the transaction closing on July 30, 2021. Founder and CEO Brian Kellen and several members of management retain significant ownership and Kellen will continue as President and CEO; financing was provided by Principal Alternative Credit and GMB Capital Partners.

Shore Capital Partners Announces Growth Partnership with Dillard Companies

August 20, 2025

Industrial Services

Chicago-based private equity firm Shore Capital Partners has completed a growth partnership with Dillard Companies, a Memphis-based provider of commercial doors, gates, security, and access control solutions. Shore will support Dillard with capital, board and operating resources and management changes to accelerate technology adoption, service capabilities, geographic expansion and targeted add-on activity.

Harbour Group Acquires SHF, Inc.

February 6, 2020

Industrial Services

Harbour Group has acquired SHF, Inc., a Pasadena, Texas-based distributor and manufacturer of stainless adaptors, fluid power fittings, instrumentation fittings, and valves, in an asset transaction announced Feb. 6, 2020. Terms were not disclosed; SHF founder Michael Chapman will remain as president. Harbour Group said it will use its operational expertise to accelerate SHF's growth in current and new markets.

Control Devices Acquires Sherwood Valve

January 12, 2026

Manufacturing

Control Devices, a portfolio company of HBM Holdings, has acquired Sherwood Valve to expand its compressed gas flow control portfolio and enhance engineering and manufacturing capabilities. The deal adds Sherwood's product lineup and brand (operations in Cleveland, Ohio and the Pittsburgh area) and brings about 75 employees to Control Devices; financial terms were not disclosed.