Flexpak, LLC Enters Colorado with Acquisition of Preferred Packaging Products, Inc.
FOR IMMEDIATE RELEASE – February 6, 2023 Flexpak, LLC (“Flexpak”), a value-added distributor and supplier of packaging supplies, announced that it completed the acquisition of Preferred Packaging Products, Inc. (“Preferred” or the “Company”) on February 1, 2023. Preferred is a distributor of corrugated, custom foam, poly bags, wood crating, bubble, stretch wrap, tapes[…]
2022 – An Exceptional Year for Shorehill Capital
2022 was an outstanding year for Shorehill Capital and our portfolio companies. We added world-class talent, and we completed noteworthy platform investments, add-on acquisitions, and exits. In addition, both Shorehill and our portfolio companies continued to be recognized as leading institutions. We are excited to highlight some of these developments and accomplishments. While we[…]
Triad Technologies, LLC Expands Illinois Presence with the Acquisition of Industrial Service Products, LLC
FOR IMMEDIATE RELEASE – January 9, 2023 Triad Technologies, LLC (“Triad”), a leading distributor of fluid power, industrial automation and fluid conveyance products, announced today that it completed the acquisition of Industrial Service Products, LLC (“ISP” or the “Company”) on December 30, 2022. ISP is a value-added distributor of custom fabricated hose, valves,[…]
Power Grid Components, Inc. Announces the Acquisition of Meister International
FOR IMMEDIATE RELEASE – DECEMBER 20, 2022 Power Grid Components, Inc. (“Power Grid”) announced today that it completed the acquisition of Meister International (“Meister”). The transaction closed in November 2022 and represents Power Grid’s fifth acquisition. Power Grid is a supplier of high-quality products used to build, maintain and upgrade the North American[…]
Functional Devices Promotes Mark Fernandes to Chief Executive Officer
FOR IMMEDIATE RELEASE – December 5, 2022 Shorehill Capital LLC (“Shorehill”) is pleased to announce the promotion of Mark Fernandes to Chief Executive Officer of Functional Devices, Inc. (“Functional Devices” or the “Company”). Mark Fernandes joined the Company in 2003 as an engineer after graduating with a bachelor’s degree in Electrical Engineering[…]
Functional Devices Inducted into Indiana Manufacturers Association Hall of Fame
FOR IMMEDIATE RELEASE – November 14, 2022 Shorehill Capital LLC is pleased to announce that portfolio company Functional Devices, Inc. was recently inducted into the Manufacturers Hall of Fame by the Indiana Manufacturers Association (“IMA”). The Manufacturers Hall of Fame inductees are chosen by the IMA for their long-time commitment to Indiana’s manufacturing[…]
Shorehill Recognized for Fourth Time by Inc. Magazine as a Founder-Friendly Investor
FOR IMMEDIATE RELEASE – November 1, 2022 Shorehill Capital LLC (“Shorehill”) is very pleased to announce our fourth consecutive inclusion in Inc. magazine’s list of top Founder-Friendly Investors. The 2022 Founder-Friendly Investors list acknowledges investors with a track record of successfully partnering with entrepreneurs. Shorehill has appeared on the select list each year[…]
Shorehill Forms Rigging Products Distribution Platform
FOR IMMEDIATE RELEASE – October 4, 2022 Shorehill Capital LLC (“Shorehill”), a Chicago-based private equity firm, has formed Ascent Lifting, Inc. (“Ascent Lifting” or the “Company”), which simultaneously completed the acquisitions of a majority interest in Advantage Sales & Supply Co., LLC (“Advantage”) and Susquehanna Wire Rope & Rigging, LLC (“Susquehanna”). Advantage and[…]
Shorehill Capital LLC Sells Belt Power LLC to Platte River Equity
Shorehill Capital LLC (“Shorehill”) announces the sale of Belt Power LLC (“Belt Power”) to Platte River Equity (“Platte River”). Platte River completed the acquisition in partnership with Belt Power’s existing management team. Shorehill will retain an ongoing equity stake in the business. Belt Power is the largest independent lightweight conveyor belting and automation[…]
Triad Technologies, LLC Appoints Greg Wissman to
Chief Executive Officer
Triad Technologies, LLC (“Triad” or the “Company”) is pleased to announce that Greg Wissman has been appointed Chief Executive Officer of Triad. Doug Wissman, formerly Chief Executive Officer, has been appointed Chairman of the Company’s Board of Directors. Since joining Triad in 2016, Greg Wissman has served the Company in numerous leadership positions[…]