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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, 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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2025 Mid-Year Review We’ve had an active start to the year, marked by multiple new platform investments, follow-on investments, successful realizations, and growth in our team. NorthCoast Mezzanine Welcomes Shirak Torosian to the Team NorthCoast is pleased to announce that Shirak Torosian joined the firm in June 2025 to advance the firm’s technology infrastructure and operational excellence. Shirak is responsible for driving process automation initiatives,...
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Minneapolis, MN, June 2025 – NorthCoast is pleased to announce a subordinated debt and equity co-investment in QPC to support the add-on acquisition of Texas Finishing Company.  QPC, headquartered in Carrollton, TX, is a full-service provider of powder coating and sublimation services.  For more information regarding the transaction and NorthCoast, please contact Stacy Harmsen, Founding Partner, at stacy@northcoastmezz.com. 
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Minneapolis, MN, December 2024 – NorthCoast is pleased to announce a subordinated debt and equity co-investment to support Brass Ring Capital’s recapitalization of Harvest Valuations (“Harvest”). Harvest, founded in 1991 and headquartered in Burr Ridge, IL, is a tech-enabled valuation services company that is focused on complex financial instruments. For more information regarding NorthCoast, please contact Ryan McKinney, Partner, at ryan@northcoastmezz.com.
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