Minneapolis, MN, March 2024 – NorthCoast is pleased to announce a subordinated debt and equity co-investment in Shake Smart Holdings, LLC (“Shake Smart”). NorthCoast, alongside Tecum Capital, provided this funding in support of NewSpring Franchise’s investment in the Austin, TX-based brand.Founded in 2011, Shake Smart provides healthy, nutritious, and delicious protein shakes, protein smoothies, acai bowls, wraps, nut butter and avocado toast, and more to its...Read More
Minneapolis, MN, February 2024 – NorthCoast is pleased to announce a subordinated debt and equity co-investment to support the acquisition of Arctic Industries (“Arctic”).Founded in 1981 and headquartered in Miami, FL, Arctic operates through two business groups: Arctic’s walk-in group, serving the foodservice and industrial markets with custom-designed walk-in coolers and freezers. Store It Cold group, manufacturer of the DIY-centric CoolBot controller, which provides cost-effective cool...Read More
2023 Year In Review An exceptional 12 months marked by robust capital deployment matching 2022’s all-time record-breaking year and additions to the team. About Us Minneapolis, MN based NorthCoast Mezzanine provides subordinated debt and non-control equity to businesses in a variety of industries across the United States. We finance leveraged acquisitions backed by private equity sponsors, management and family driven ownership transitions, add-on acquisitions, recapitalizations,...Read More
Minneapolis, MN, December 2023 – NorthCoast is pleased to announce that Julia Weyandt has recently joined the firm as a Senior Associate to support the ongoing growth of the business. Julia is responsible for assisting with research and due diligence on new investment opportunities, monitoring existing investments, and assisting with all aspects of portfolio management.Julia joined the NorthCoast team in November 2023. Prior to joining...Read More
Minneapolis, MN, October 2023 – – NorthCoast is pleased to announce a subordinated debt and equity co-investment to support the recapitalization of RP Foods. RP Foods, headquartered in Dallas TX, is a leading branded, private label, and B2B Hispanic food and beverage products company selling to retail and CPG food customers across the United States. For more information regarding the transaction and NorthCoast, please contact Stacy Harmsen,...Read More
