Synthetic rope provider Yale Cordage inks funding from Northstar

Northstar Capital has made an investment in Yale Cordage, a portfolio company of River Associates.

Northstar Capital has made an investment in Yale Cordage, a portfolio company of River Associates. No financial terms were disclosed. Based in Saco, Maine, Yale Cordage is a provider of high-performance synthetic rope.

PRESS RELEASE

MINNEAPOLIS–(BUSINESS WIRE)–Northstar Capital (“Northstar”), a provider of junior capital for middle market private equity transactions, is pleased to announce its investment in Yale Cordage, a portfolio company of River Associates (“River”).

Based in Saco, Maine, Yale Cordage is a leading provider of high-performance synthetic rope for key industries such as: heavy lift, specialty industrial, utility, arborist, life safety, and oceanographic / marine. The Company utilizes proprietary equipment and engineering ingenuity to design and manufacture synthetic rope and rope systems for hundreds of long-term customer relationships.

Northstar provided subordinated debt and an equity co-investment to help River finance the deal. The Northstar team remains committed to partnering with strong management teams and private equity sponsors in both good and challenging times.

About Northstar Capital
Northstar Capital (www.northstarcapital.com) is an investment management company with offices in Minneapolis, Minnesota and Fargo, North Dakota. Northstar specializes in junior capital investments and equity co-investments in middle-market companies. Since inception, Northstar has partnered with more than 140 companies and raised nearly $2.0 billion in capital.

About Yale Cordage
Founded in 1950, Yale Cordage (www.yalecordage.com) is a leading designer and manufacturer of high-performance synthetic rope and rope systems for critical, high cost-of-failure applications.