NorthSpring Capital Partners Closes Leveraged Buyout

(CAMBRIDGE, ONTARIO, September 17, 2012. NorthSpring Capital Partners (“NorthSpring”) today announced the closing of an investment in Exocor Inc. (“Exocor”) of St. Catharines, ON. NorthSpring and Roynat Capital provided subordinated debt financing to enable Exocor to complete the acquisition of Huntington Alloys Canada Ltd., operating as Controlled Products Group (C.P.G.), of Stoney Creek, ON. Together CPG and Exocor bring over 45 years of experience as solution-sellers of high performance welding filler metals used for fabrication and repair across a diverse group of heavy industries including oil and gas, power generation, chemical production, ship building, and transportation services.

The synergies created by the two organizations significantly increase their ability to provide superior products, industry leading technical support and greater service for their already strong customer base. All of the staff is being retained in their current roles and immediate plans are to continue to operate the two organizations independently.

About NorthSpring Capital Partners:

NorthSpring Capital Partners provides risk capital to small and medium sized companies with the goal of creating value. Investments range between $250,000 and $1 million in the form of subordinated debt and/or mezzanine equity across a variety of traditional industries located in Southern Ontario. NorthSpring takes a flexible approach when reviewing investment opportunities and tailors its investment structure to fit the unique aspects of the business. Funds are available for:

Management Buyouts and acquisitions
Growth companies
Unlocking the value of SR&ED claims
Turnarounds, in select situations
NorthSpring Capital Partners is part of North Consulting Group, a full-service, diversified consulting company that is dedicated to providing strategic insights and resources to help clients attain their objectives. Other companies in the group include NorthBridge Consulting Services (R & D tax credit consulting) and NorthLink Capital Advisors (mergers & acquisition, capital raising and succession planning advice).

For further information, please contact Brian Hunter at 519-721-7144 or or visit