Growth Capital • Information Technology

Northstar Capital Invests In Parallel Technologies

On October 3, 2024, mezzanine finance firm Northstar Capital invested in information technology company Parallel Technologies

Investment Context
  • This is Northstar Capital’s 5th transaction in the Information Technology sector.
  • This is Northstar Capital’s 116th transaction in the United States.
  • This is Northstar Capital’s 14th transaction in Minnesota.

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Investment Summary

Date October 3, 2024
Target Parallel Technologies
Sector Information Technology
Investor(s) Northstar Capital
Deal Type Growth Capital

Target Company

Parallel Technologies

Eden Prairie, Minnesota, United States
Parallel Technologies is a provider of complete solutions for reliable data centers and intelligent buildings, Parallel Technologies helps clients define their needs and delivers results through superior engineering and technology. Parallel Technologies was founded in 1983 and is based in Eden Prairie, Minnesota.
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Investor Overview 1

Investor

Northstar Capital

Minneapolis, Minnesota, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1993
PE ASSETS 1.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Northstar Capital is a mezzanine finance firm that provides junior capital to middle-market companies operating in the value-added distribution, light manufacturing, business services, financial services, education, and specialty healthcare sectors. Northstar's typical investment size is $5 to $30 million in businesses generating sales of $20 to $300 million with an EBITDA of at least $3 million. Prospective companies have stable cash flows and sustainable margins. Investments typically have maturities of five to eight years. Northstar does not invest in start-ups, real estate development, natural resource exploration, or high technology companies. Northstar Capital was formed in 1993 and is based in Minneapolis, Minnesota.


Deal Context for Investor #
Overall 121 of 121
Sector: Information Technology 5 of 5
Type: Growth Capital 28 of 28
State: Minnesota 14 of 14
Country: United States 116 of 116
Year: 2024 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-08 Columbus Hydraulics

Columbus, Nebraska, United States

Columbus Hydraulics is a designer and manufacturer of custom-engineered hydraulic cylinders for industrial machinery. Columbus Hydraulics was founded in 1952 and is based in Columbus, Nebraska.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-15 Automated Handling Solutions

Chicago, Illinois, United States

Automated Handling Solutions is a provider of automation solutions, as well as specialized material handling equipment such as enclosed conveyor systems. AHS’ products serve customers in regulated end markets such as food and beverage, pharmaceutical, nutraceutical, specialty chemical, and general industrial processing. Automated Handling Solutions is based in Chicago, Illinois.

Sell -