Chicago, IL – November 12, 2019 – Svoboda Capital Partners LLC (“SC”) is pleased to announce that Triad Technologies (“Triad” or the “Company”) has completed a recapitalization with management and Shorehill Capital, LLC (“Shorehill”), a Chicago-based private equity firm.

Headquartered in Vandalia, Ohio, Triad is a leading value-added distributor of industrial fluid power and automation solutions, supplying products that solve its customers’ technical challenges across hydraulic, pneumatic, electromechanical, and automation technologies. The Company is a regional market leader in the industrial fluid power market with over twenty locations across Ohio, Kentucky, Michigan, and Indiana. Since 1981, Triad has served customers across a variety of end markets – automation and manufacturing, aerospace and defense, construction, automotive, agriculture, etc. – augmenting its product offering with a range of support services and technical expertise.

SC and Triad management partnered on their initial investment in Triad in 2015, concurrent with Triad’s acquisition of Mega Fluidline Products. During SC’s partnership, Triad completed three additional strategic add-on acquisitions and opened multiple new branch locations, significantly increasing the Company’s size and geographic presence.

Doug Wissman, the Wissman family, and the Triad management team remain significant owners of the Company. “SC has been a valuable partner in helping the Triad team build and enhance the business through organic growth and strategic add-on acquisitions. Our partnership has been beneficial and has been an enjoyable experience along the way” Doug Wissman, CEO, said. “As we move forward into the next phase, we are excited to build upon our strong foundation to continue growing the business.”

“On behalf of SC, it has been a pleasure to work with the team at Triad. Under management’s leadership, Triad expanded its geographic presence and strengthened its value proposition, while maintaining an unwavering focus on providing the highest quality products and services for its customers,” said Ryan Kantor, Vice President at Svoboda Capital Partners. “We are proud of our association with Triad and are confident of its continued success with Shorehill.”

Katten Muchin Rosenman LLP acted as Triad’s legal advisor on the transaction. Cowen and Company acted as Triad’s financial advisor on the transaction.

For more information on Triad, please visit www.triadtechnologies.com

For more information on Shorehill, please visit www.shorehillcapital.com