Trinity Hunt Partners, a growth-oriented private equity firm, announced the formation of Steadpoint Industrial Services. Steadpoint is an industrial aftermarket Maintenance, Repair, and Operations services platform.
Northline Industrial, a Michigan-based industrial aftermarket MRO provider, anchors the platform as Steadpoint’s foundational investment. Founded in 2006, Northline provides aftermarket industrial repair, field services, outsourced repair, equipment sales, staffing services, and integration solutions across Michigan, Indiana, and North Carolina.
Trinity Hunt Partners will support Steadpoint’s growth through strategic acquisitions and organic initiatives. The firm plans to build on Northline’s relationship-driven sales foundation by institutionalizing a professional go-to-market engine.
Courtney Pernat joins Steadpoint as Chief Financial Officer, having previously served as CFO of Summit Companies. Ross Morgan joins as Chief Development Officer, having previously led the M&A function at Mariani Premier Group.
Trinity Hunt Partners said it is actively seeking opportunities to expand Steadpoint through partnerships with industrial MRO service companies across the United States. Kirkland & Ellis LLP served as legal advisor to Trinity Hunt Partners. Terms of the transaction were not disclosed.
KEY QUOTES:
The people who have grown with Northline over the past 20 years are what make this business what it is. We wanted a partner who not only understood our business, but who genuinely cared about the people who make it run. This is exactly what we found in Trinity Hunt Partners, and we are excited about what this partnership makes possible.
Chuck Baase, Co-Founder of Northline
Automation and advanced manufacturing are driving growing, consistent, and recurring demand for industrial MRO services, and we saw a clear opportunity to build a national platform in this space. Northline has built a proven business anchored by mission-critical MRO capabilities, technical expertise, and an unwavering commitment to its people. That combination provides an exceptional foundation for the platform’s next phase of growth through this investment.
Garrett Greer, Partner at Trinity Hunt Partners
