Northborne Partners Advises G.L. Capasso in Connection with its Partnership with Northern Lakes Capital
MINNEAPOLIS, June 17, 2025 /PRNewswire/ -- Northborne Partners is pleased to announce that it served as the exclusive financial advisor to G.L. Capasso (the "Company") in connection with its partnership with Northern Lakes Capital ("NLC"), a middle market private equity firm. Financial terms were not disclosed.
Founded in 1976 and headquartered in New Haven, Connecticut, G.L. Capasso is a leading provider of facade restoration, masonry repair, waterproofing and structural maintenance services for commercial and institutional buildings throughout the Northeast. With a reputation for technical excellence and decades-long relationships with top architectural and engineering firms, construction management companies and institutional clients, the Company is known for delivering high-quality craftsmanship across a range of project types, including healthcare, education, municipal and commercial buildings.
In connection with the partnership with G.L. Capasso, NLC has launched Continental Restoration Services, a holding company focused on partnering with providers of maintenance and restoration services for building envelopes and structures. NLC looks forward to working with the G.L. Capasso team to further build and scale this platform.
Ben Marks, Managing Director at Northborne, commented, "G.L. Capasso operates in a highly attractive sector that provides critical services to extend the useful life of aging infrastructure. The Company's strong reputation and long-standing customer relationships made it a compelling platform. We're thrilled to have helped bring together G.L. Capasso and Northern Lakes Capital and we're excited to see what's next for the business."
About Northborne's involvement, Carmine Capasso, President of G.L. Capasso, added, "The Northborne team was an exceptional partner. Their deep understanding of the infrastructure services sector was critical to facilitating a successful outcome. We're excited to work with Northern Lakes Capital to build on our strong foundation and continue delivering top-tier service to our clients."
About Northborne Partners
Northborne Partners is a preeminent middle market investment banking firm focused on providing M&A advisory services to companies in the industrial, healthcare and food & consumer sectors, among others. It specializes in advising private-equity-owned and closely-held businesses on complex sell-side transactions. Northborne Partners is headquartered in Minneapolis, MN. For more information, please visit northborne.com.
About G.L. Capasso
Founded in 1976, G.L. Capasso is a leading provider of restoration and waterproofing services focused on building facades and structural systems. With a reputation for precision, quality and integrity, the Company serves a wide range of commercial, institutional and governmental customers across the Northeast. For more information, please visit glcapasso.com.
About Northern Lakes Capital
Northern Lakes Capital, a Minneapolis, MN-based private equity group, focuses on partnering with leading family-owned private companies. NLC partners with its teams and companies to develop a tailored strategy to create long-term value throughout its partnership. For more information, please visit www.northernlakescapital.com.
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SOURCE Northborne Partners