Deal History

Exclusive M&A advisor to Air Design Systems on sale to Grizzly MEP, a mechanical/electrical/plumbing platform company within Garnett Station Partners portfolio ($4B AUM). ADS provides comprehensive mechanical and plumbing solutions across Southeast (50-year operating history). Grizzly launched May 2025 with multiple add-on acquisitions. Lead banker: David Reilly.

Exclusive financial advisor to Whisper Carts on acquisition of substantially all assets of Apex Marine (Qwest Pontoons brand - recreational marine products). Part of Whisper Carts' platform expansion into complementary recreational vehicle categories.

Exclusive financial advisor to Whisper Carts on acquisition of American Landmaster brand assets (off-road vehicles and related products). Part of Whisper Carts' strategic platform expansion.

Exclusive financial advisor to Master Halco Inc. (ITOCHU subsidiary) on acquisition of substantially all assets of The Deck Superstore. Building products distribution add-on acquisition.

Exclusive financial advisor to Calvert Holdings on sale of Calvert Laboratories to Altasciences (portfolio company of Novo Holdings). Healthcare/life sciences transaction.

Exclusive financial advisor to Keiaisha Co., Ltd. (Tokyo-based) on sale of wholly-owned US subsidiary KI USA Corporation (Berea, KY). Cross-border transaction demonstrating TrueNorth's Japanese counterparty relationships.

Exclusive M&A advisor to Milton Truss on sale to US LBM (specialty building materials distributor and component manufacturer, portfolio company of Bain Capital PE and Platinum Equity). Milton manufactures floor and roof trusses for commercial/residential builders in Florida Panhandle and southern Alabama (40+ years operating history). Transaction expands US LBM's component manufacturing footprint to 6 locations in Florida. Management continuity (Charles Smith, Tim Noble) maintained post-close. Lead banker: David Reilly.

Exclusive financial advisor to BioResource International on sale to Novus International (owned by Mitsui & Co. and Nippon Soda). BRI manufactures enzyme feed additives (Versazyme protease, Xylamax xylanase) and direct-fed microbials for animal agriculture. Novus partnership since 2008 for CIBENZA product manufacturing; acquisition gives Novus full ownership and portfolio expansion opportunity. Strategic rationale: 15-year partnership formalization. Lead banker: David Reilly.

Exclusive financial advisor to Analytic Stress Relieving (on-site industrial heat-treating services across North America) on sale to Capstreet. Provider serves refining, petrochemical, power generation, fabrication, shipbuilding, and LNG industries. Operated offices in LA, TX, NJ, IL, OH and satellites across US. Lead bankers: Jeff Gaynor & Nick Chapman.

Exclusive financial advisor to Populus Technologies (transportation data, mobility, and curb management solutions platform) on sale to IPS Group (leader in smart parking and curb management). Transaction demonstrates TrueNorth's leadership in parking/mobility industry M&A.

Exclusive financial advisor to Cleverciti Systems GmbH on sale to ParkHelp Technologies Limited (global leader in parking guidance and smart mobility). Cross-border transaction with German seller and international buyer.