Stamford, CT – September 26, 2026: TrueNorth Capital Partners LLC is pleased to announce that its wholly-owned subsidiary, TNCP, LLC (“TrueNorth”) initiated the transaction and acted as exclusive M&A advisor to a heavy equipment industrial services provider in the Northeast US on its reorganization and sale as a platform investment to an unnamed single-family office.

TNCP’s client was a multigenerational service provider operating in the Northeast and providing services across surrounding states. The company, through its decades of operations, has evolved into a full-service platform with clients across a highly diverse industry base including healthcare, food and beverage, manufacturing, and tech. Due to its breadth of services, it also had an employee base that included both union and non-union employees. The company was therefore a signatory of three multi-employer unions (the Teamsters, Ironworkers and Millwrights). To solve for the complexities arising from the multi-employer unions, TNCP, along with the company’s counsel, negotiated a highly structured transaction (F-Reorganization) that preserved the continuity of the company resulting in no termination of any of the three collective bargaining agreements and therefore no withdrawal penalty. We were also able to negotiate protections limiting their liability in the event of any future withdrawal liabilities.

The F-Reorganization allowed for the sale of the company’s stock, while allowing for the buyer to step up the basis of the assets to fair market value. This structure allowed both buyer and seller to achieve their respective short-term goals.

Our client expressed his gratitude to TrueNorth stating:

“A huge thank you to the entire TrueNorth Capital team for all your hard work, guidance, and support throughout the sale process. There were certainly a lot of moving pieces along the way, and your knowledge, professionalism, responsiveness, and commitment were invaluable in helping us navigate each step. I truly appreciate the time and effort you invested in making this transition a success.”

Adding “it was a pleasure working with such a dedicated and knowledgeable team, and we are grateful for the confidence and support you provided throughout the process. Thank you again for everything you and the TrueNorth team did to help us get across the finish line.”

Dan Collins and Taylor Henry led the Harter Secrest & Emery LLP team as the primary legal advisor on the transaction.

Inquiries about the transaction can be directed to TrueNorth at the contact information provided below:

Mark Crouch, Managing Director
Stamford Office
Phone: (913) 320-2674
E-mail: mcrouch@truenorthcp.com

Fred Rossetti, Managing Director
Stamford Office
Phone: (203) 817-0276
E-mail: frossetti@truenorthcp.com

About TrueNorth Capital Partners LLC:

TrueNorth provides advisory services to companies seeking advice for middle-market M&A and financing transactions. With offices in Stamford CT, Charleston SC, Central, NJ, Naples, FL, Minneapolis, MN, Tokyo, Japan and London, UK, TrueNorth is a boutique investment bank comprised of senior bankers providing a full complement of financial advisory services. Our focus on the middle-market enables us to provide independent, value-added advisory services to privately held middle-market companies, private equity and family office groups and corporate clients, both domestic and international, across a broad range of industries. TrueNorth conducts its securities related business through its wholly owned subsidiary, TNCP, LLC, member FINRA/SIPC.

About Scout Valuations LLC:
Scout Valuations, a wholly owned subsidiary of TrueNorth, is fully dedicated to business valuation. We provide thorough, independent valuation analyses together with superior client service and responsiveness. Our analyses combine a detailed understanding of the business, industry and economic context, with the insight to address complex valuation issues regarding your business.

About Harter Secrest & Emery LLP:

Harter Secrest & Emery LLP is a full-service business law firm with attorneys throughout New York representing clients ranging from individuals and family-owned businesses to Fortune 100 companies and major regional institutions. With offices in Rochester, Buffalo, Albany, Corning, and New York City, New York, the firm and its attorneys are consistently recognized by the industry’s leading law firm and attorney ranking programs, including Chambers and Partners, Best Law Firms® and The Best Lawyers in America®.