Oak Electric Expands with Northstar Investment
Deal News | Mar 24, 2025 | Northstar Capital LLC/MN
Northstar Capital, a junior capital provider in middle market private equity transactions, has announced its investment in Oak Electric Service Holding LLC, a ShoreView Industries portfolio company. Oak Electric, with over 25 years of experience, provides electrical and mechanical services to customers in Michigan, Ohio, and the northeastern United States. The investment by Northstar includes debt and equity co-investment aimed at supporting an add-on acquisition to expand Oak Electric's geographical reach and diversify its service offering. Northstar Capital is dedicated to improving middle-market companies by collaborating with private equity sponsors and experienced management teams. This marks the twelfth platform investment for Northstar Mezzanine Partners VIII L.P. Northstar has been involved with over 170 companies since its establishment and specializes in various sectors including healthcare, industrials, and consumer services. ShoreView Industries has raised $1.8 billion across five funds and focuses on numerous industries for investment.
Sectors
- Private Equity
- Electrical Services
- Renewable Energy
- Automotive/Transportation
Geography
- United States – Northstar Capital is based in Minnesota, and Oak Electric operates in Michigan, Ohio, Vermont, and New Hampshire.
Industry
- Private Equity – Northstar Capital and ShoreView Industries are both private equity firms involved in financing and managing investments.
- Electrical Services – Oak Electric is involved in providing electrical and mechanical contracting services.
- Renewable Energy – Oak Electric provides installation and maintenance of solar panels, contributing to the renewable energy sector.
- Automotive/Transportation – Oak Electric installs electric vehicle charging stations, connecting the investment to this sector.
Financials
- $1.8 billion – Capital raised by ShoreView Industries across five funds.
- $2 billion – Capital raised by Northstar Capital since inception.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Northstar Capital LLC | Investor | Company | A provider of junior capital for middle-market private equity transactions. |
| Oak Electric Service Holding LLC | Target Company | Company | An electrical and mechanical contractor offering a variety of services to residential and commercial customers. |
| ShoreView Industries | Private Equity Sponsor | Company | A private equity firm based in Minneapolis partnering with family and entrepreneur-owned companies. |