– Shore Capital Partners, a Chicago-based private equity firm with offices in Nashville, closed its second Shore Capital Industrial Partners Fund (“Industrials Fund II”).
– Industrials Fund II raised over $400 million in capital commitments, demonstrating strong demand from existing and new limited partners.
– The fund builds on the success of Shore’s first Industrials Fund, which closed in July 2023.
– The fund reflects Shore’s focus on investing in fragmented industries with durable end-market demand.
– Fund leadership: Founder and Managing Partner Justin Ishbia, with Partners John Sznewajs and Daniel Spradling.
– Ishbia highlighted Industrials as a natural extension of Shore’s strategy, emphasizing long-term partnerships with founders and management teams, operational excellence, leadership development, and scalable infrastructure.
– Shore has launched multiple platform investments in industrial sectors including building services, infrastructure support, commercial HVAC and plumbing, residential roofing, automation systems integration, and electrical safety.
– Industrials Fund II will target niche industrial businesses with recurring demand and scalable operations.
– Focus areas include infrastructure-adjacent services, environmental and safety solutions, building envelope and access systems, specialized maintenance and repair markets, and select opportunities in residential
overhead doors, utility services, traffic management, environmental services, flow control and filtration, and aviation maintenance, repair, and overhaul.
– Sznewajs emphasized LP interest driven by long-term sector theses and proprietary relationships, enabling early identification of high-quality businesses.
– Spradling noted Shore’s post-investment value creation through operational resources, executive networks, and management support for scaling and professionalization.
– Industrials Fund II received strong support from Shore’s existing limited partners, reflecting trust and long-standing relationships.
– Shore did not use a placement agent for this fundraise.
