Trinity Hunt backs Northline Industrial in new Steadpoint MRO platform

Trinity Hunt Partners, a growth-oriented private equity firm, has formed Steadpoint Industrial Services, an industrial aftermarket maintenance, repair and operations platform. Northline Industrial, a Michigan-based MRO provider, is the platform's anchor investment.

Northline, founded in 2006, provides aftermarket industrial repair, field services, outsourced repair, equipment sales, staffing and integration solutions to manufacturers and distributors in Michigan, Indiana and North Carolina through five business units. Trinity Hunt says it will support Steadpoint through acquisitions and organic initiatives. Courtney Pernat joins as CFO and Ross Morgan as Chief Development Officer. Kirkland & Ellis LLP advised Trinity Hunt Partners. Terms were not disclosed.