ShoreView Industries
TOP 50 PE Winner
2021 | 2022
Firm Inception: 2002
Number of Active Portfolio Investments: 15
Number of Realized Investments: 23
Investment Range: $20M - $300M
Current Fund: Fund IV
Current Fund Size: $425M
Transactions completed since October 2020, including acquisitions, add-ons, and divestments:
Platform Investments:
Aeronix
8020 Consulting
Divestments:
Rohrer Corporation
Burton Plumbing
Add-ons:
Avidity Science acquired Lab Products
Monroe Engineering acquired Sattler
Monroe Engineering acquired Titan Wire & Cable
Monroe Engineering acquired JHP Fasteners
Monroe Engineering acquired Wisconsin Fastener Supply
Burton acquired Star City Heating & Cooling
Burton acquired Allen Service
Burton acquired Mr. Holland's Electric
Monroe Engineering acquired Lyn-Tron
Monroe Engineering acquired A1 Casters Equipment
Monroe Engineering acquired Garland's
Burton acquired Blue Dot of Kansas
Burton acquired Degree Heating and Air Conditioning
Burton acquired Hartlaub Plumbing
Molded Dimensions acquired PCO Urethane
Aeronix acquired ITI Engineering
Corporate Relocation acquired an employee relocation services provider
Leadership:
Thomas D’Ovidio, Partner
Scott Gage, Partner
Brett Habstritt, Partner
Adam Reeves, Partner
Team Members: 19
Primary Address: 222 S 9th St., Suite 3300, Minneapolis, MN 55402
Website: www.shoreview.com
Phone Number: (908)-675-2876
Which best describes the firm?: Traditional | LP Funded
Industry focus: Industrial, Business Services, Consumer Products, Healthcare
Attributes: Firm History, Unique Firm Strategy, Deal Execution
Unique Firm Strategy - Since inception, ShoreView has focused on partnering with family and entrepreneurial owned businesses. With each new fund raised, ShoreView has purposefully stayed at a similar fund size (Fund I - $300 million, Fund II - $300 million, Fund III - $300 million, Fund IV - $425 million) and continued to execute on the same core strategy. This provides benefits to prospects and intermediaries that are discussed further below.ShoreView currently has a 15-year fund life as compared to most other PE firms that have a 10-year fund life. This longer term resonates with the audience of business owners that ShoreView is looking to partner with – details below.
Firm History - The ShoreView Partners have invested in more than 100 companies since the mid-90’s and have always focused on partnering with families and entrepreneurs. The partners have decades of experience working together. This experience provides benefits to prospects and intermediaries that are discussed further below.
Deal execution – Over 90% of our deals are with families and entrepreneurs. These types of deals come with very unique situations and oftentimes we do not have perfect financials. We have developed an approach to get us what we need for diligence but also allows us to get deals done with this audience.
Overview
About ShoreView Founded in 2002, ShoreView is a Minneapolis-based private equity firm that has raised over $1.3 billion of committed capital across four funds. ShoreView partners with family or entrepreneurial-owned companies across many sectors, including engineered products, distribution, industrial services, business services, healthcare, and niche consumer products. ShoreView structures a variety of acquisition, recapitalization and build-up transactions, typically in businesses with revenues ranging between $20 million and $300 million.
Why do prospects want to do business with the firm?: As previously mentioned, ShoreView’s experience provides significant benefits to business owners/prospects. Prospects have the ability to see relatable deals we have exited to get a better understanding of what a potential partnership with ShoreView may look like. Whether that is an entrepreneur looking to stay on board and execute a growth strategy via acquisition or a husband and wife team looking to transition out of the family business, ShoreView has experienced a lot. ShoreView understands that despite decades of experience, each investment is still different. ShoreView tailors each new investment to the needs and objectives of the business owner or shareholder group. This flexibility and custom attention are very positive factors for prospects when they are deciding which firm to do business with. The 15-year fund life provides a sense of security to business owners that ShoreView is not looking for a quick return, but rather a successfully partnership over time. We have a unique set of experiences, and we ask good questions from the board level. We provide support with strategic initiatives, but we give the management team a lot of autonomy to make decisions. It is a style and approach that families and entrepreneurs appreciate. This positions us well for our unique strategy. Given ShoreView’s consistent approach, prospects and advisors in the space have a strong understanding of opportunities that would be a good fit for ShoreView. Having that strong understanding helps advisors to communicate the ShoreView story to business owners and therefore more likely to make a better match. Our experience has afforded us the reputation for doing what we say we are going to do. This is extremely important to business owners and advisors going into a deal.
Why do intermediaries present opportunities and want to conduct transactions with the firm?: Every deal is given partner level attention enabling ShoreView to provide prompt and direct feedback to intermediaries. ShoreView has a successful track record of delivering on what we say. Intermediaries feel a higher level of certainty to close with ShoreView as the potential buyer. Again, ShoreView’s consistent strategy allows intermediaries to better understand ShoreView. Intermediaries do not have to learn a new strategy with each new fund that is raised and are therefore more likely to make a better match. ShoreView holds respect and professionalism in the highest regard, intermediaries know that if they introduce their client to ShoreView that ShoreView will leave a good impression.
Contact ShoreView
HQ
222 South 9th Street
Suite 3300
Minneapolis, MN 55402
Call 908.675.2876 → | Visit shoreview.com →