Steadpoint Industrial Services acquires Northline Industrial
The Detroit-based provider of industrial maintenance, repair, and operations services serves over 375 manufacturers and distributors from locations in Michigan, Indiana, and North Carolina.
Takeaways
- Northline Industrial is a provider of mission-critical industrial maintenance, repair, and operations (MRO) services.
- Steadpoint Industrial Services is acquiring Northline Industrial with backing from Trinity Hunt Partners.
- The target serves manufacturers and distributors across United States.
Trinity Hunt Partners has launched Steadpoint Industrial Services, a new platform targeting the fragmented industrial aftermarket services sector, with the acquisition of Northline Industrial.
Northline, founded in 2006, provides industrial repair, field services, equipment sales, staffing and integration solutions to more than 375 manufacturers and distributors from locations in Michigan, Indiana and North Carolina.
The deal establishes a national expansion foundation, with Steadpoint planning to pursue additional MRO partnerships while investing in a centralized go-to-market organization that preserves local customer relationships.
Co-founder Chuck Baase cited cultural alignment as key to selecting Trinity Hunt, which manages over $2 billion in assets and is actively seeking add-on acquisitions for the platform.
Kirkland & Ellis LLP served as legal advisor to Trinity Hunt Partners.
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