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The Latest on NorthCoast Mezzanine's Investments

NorthCoast was previously a division of Spell Capital Partners and continues to manage the Spell Capital Mezzanine funds.
Minneapolis, MN, April 2026 –– NorthCoast is pleased to announce a subordinated debt and equity co-investment in Summit Drilling (“Summit”) to support the add-on acquisition of Preferred Drilling Solutions. Summit, headquartered in Bridgewater, NJ, provides environmental drilling, geophysics, and remediation services across the Eastern US.For more information regarding the transaction and NorthCoast, please contact Ryan McKinney, Partner, at ryan@northcoastmezz.com. 
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Minneapolis, MN, April 2026 –– NorthCoast is pleased to announce a subordinated debt investment in Shields Harper to support the add-on acquisition of complementary business Petroleum Marketing Equipment (“PME”). Shields Harper, headquartered in Martinez, CA, is a distributor of petroleum dispensers, EV chargers, and convenience store equipment. For more information regarding the transaction and NorthCoast, please contact Mark McDonald, Founding Partner, at mark@northcoastmezz.com.
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2025 Year in Review Exceptional year marked by multiple new platform investments, follow-on investments, and successful realizations plus growth in team, Fund IV first close in October 2025, and receipt of Fund IV SBIC license in January 2026. We look forward to continued momentum in 2026.         NorthCoast Mezzanine Welcomes Mitch Nelson to the Team NorthCoast is pleased to announce that Mitch...
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Minneapolis, MN, October 2025 – NorthCoast is pleased to announce a subordinated debt and equity co-investment in Madden Media to support its partnership with Karsh Hagan.  Madden Media, headquartered in Tucson, AZ, is a full-service advertising agency that elevates experience and purpose-driven brands. For more information regarding the transaction and NorthCoast, please contact Ryan McKinney, Partner, at ryan@northcoastmezz.com. 
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Minneapolis, MN, August 2025 – NorthCoast is pleased to announce a subordinated debt and preferred equity co-investment in Comprehensive EyeCare Partners (“CompEye”) to support a recapitalization. CompEye, headquartered near Las Vegas, NV, is an ophthalmology practice management firm serving the Western US.  For more information regarding the transaction and NorthCoast, please contact Mark McDonald, Founding Partner, at mark@northcoastmezz.com or Alex Travis, Managing Director, at alex@northcoastmezz.com.
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