Fund close reflects continued investor conviction in Shore’s lower-middle market playbook and long-term value creation approach

Shore Capital Partners (“Shore Capital” or “Shore”), a Chicago-based private equity firm with offices in Nashville, today announced the close of its second Shore Capital Industrial Partners Fund (“Industrials Fund II”). The fund closed with over $400 million in capital commitments, reflecting strong demand from existing and new limited partners for Shore’s differentiated, sector-focused strategy.

Industrials Fund II builds on the success of Shore’s inaugural Industrials fund, which closed in July 2023, and advances the firm’s broader commitment to investing in fragmented industries with durable end-market demand. Led by Founder and Managing Partner Justin Ishbia alongside Partners John Sznewajs and Dan Spradling, the fund underscores growing LP conviction in Shore’s ability to partner with management teams and scale platform companies across industries.

“Industrials continues to be a natural extension of the Shore playbook,” said Ishbia. “We’re seeing sustained tailwinds across sub-categories, and this fund allows us to be an even more intentional, long-term partner to founders and management teams — investing in operational excellence, leadership development, and scalable infrastructure to build businesses faster with less risk.”

Since entering the Industrials sector, Shore has launched multiple platform investments across themes such as building services, infrastructure support, and mission-critical industrial solutions, including commercial HVAC and plumbing, residential roofing, automation systems integration, and electrical safety.

Industrials Fund II will continue to pursue Shore’s disciplined strategy, focusing on niche industrial businesses that Shore believes benefit from recurring demand and scaling operations. Target areas include infrastructure-adjacent services, environmental and safety solutions, building envelope and access systems, and specialized maintenance and repair markets — with select opportunities across residential overhead doors, utility services, traffic management, environmental services, flow control and filtration, and aviation maintenance, repair, and overhaul.

“LP interest in Industrials Fund II reflects the depth and consistency of opportunity we’re seeing across these markets,” said Sznewajs. “Our sourcing is driven by long-term sector theses and proprietary relationships, which allows us to identify high-quality businesses early and partner with management teams from a position of alignment.”

Spradling commented, “What we believe differentiates Shore in Industrials is how we support value creation post-investment. Our experience across multiple verticals, combined with shared operational resources and executive networks, enables us to help management teams professionalize, scale, and execute with confidence.”

Industrials Fund II received significant support from Shore’s existing limited partner base, highlighting long-standing relationships and trust built over multiple funds and strategies. The firm did not use a placement agent in connection with the fundraise.

Kirkland & Ellis LLP served as legal advisor to Shore for the fundraising.

About Shore Capital Partners

Shore Capital, a Chicago-based private equity firm with an office in Nashville, is an investor in lower-middle market companies in the Healthcare, Food and Beverage, Business Services, Industrial, and Real Estate industries. Shore’s strategy is to support management partners to grow faster with less risk through access to capital, world-class board and operational resources, and unmatched networking, development, and shared learnings across the portfolio. From 2020-2025, Shore received recognition from Inc. Magazine as a 6x Top Founder Friendly Investor and by Pitchbook Research for leading U.S. Private Equity deal volume for the past 10 years, from 2015-2024. Shore targets investments in proven, successful private companies with superior management teams, stable cash flow, and significant potential to grow through industry consolidation and organic growth to generate value for shareholders. Shore has approximately $17 billion of assets under management and in additional investment platforms to which it provides business and operational consulting services. To learn more about Shore Capital Partners, and for more information on these awards and investment platforms, please visit www.shorecp.com.

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