News

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, June 2026 –– NorthCoast is pleased to announce a subordinated debt and equity co-investment to support ShoreView Industries’ acquisition of VanZandt Controls/Eagle Automation (“VZE”). VZE, headquartered in Fort Worth, TX, is a lifecycle provider of products, solutions, and services to oil & gas and industrial-process end markets. For more information regarding the transaction and NorthCoast, please contact Alex Travis, Managing Director, at alex@northcoastmezz.com.
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Minneapolis, MN, April 2026 – NorthCoast is pleased to announce that Burke Anderson joined the firm in April 2026 as a Controller to support the continued growth of the business. Burke is responsible for fund accounting, financial reporting, and operations across NorthCoast’s investment funds and management company. He has nearly a decade of experience serving asset management clients across private credit, private equity, real estate,...
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Minneapolis, MN, April 2026 –– NorthCoast is pleased to announce a subordinated debt and equity co-investment to support the acquisition of Holiday House Distributing (“Holiday House”). Holiday House, founded in 1991 and headquartered in Land O’ Lakes, FL, is a leading national distributor of parts, equipment, and consumables for the office coffee service (OCS) industry. For more information regarding the transaction and NorthCoast, please contact...
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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 it provided subordinated debt financing to 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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