Hidden Harbor Capital Partners

Hidden Harbor Capital Partners continues to pursue strategic add-on acquisitions for our portfolio company, Tri Scapes, a commercial landscape service provider across the Southeastern United States. Over the past two years, Tri Scapes has completed three strategic add-on acquisitions and opened two de novo locations, expanding its footprint across Georgia, Florida, and Virginia. We are looking to partner with businesses that share Tri Scapes’ core values of Faith & Family, Strong Work Ethic, Build Relationships, Respect for Others, and Honesty and Integrity. 𝐀𝐜𝐪𝐮𝐢𝐬𝐢𝐭𝐢𝐨𝐧 𝐂𝐫𝐢𝐭𝐞𝐫𝐢𝐚: 🔵 Services: Commercial Landscape Service 🔵 Minimum Size: $5M+ Revenue 🔵 Geography: AL, FL, GA, NC, SC, TN, VA 🔵 Revenue Mix: 70%+ Commercial Service & Maintenance Read more: hh-cp.com/tri-scapes-a-portf… 𝐅𝐨𝐫 𝐈𝐧𝐭𝐞𝐫𝐦𝐞𝐝𝐢𝐚𝐫𝐢𝐞𝐬, 𝐃𝐞𝐚𝐥 𝐒𝐨𝐮𝐫𝐜𝐞𝐬, 𝐚𝐧𝐝 𝐁𝐮𝐲𝐬𝐢𝐝𝐞 𝐏𝐚𝐫𝐭𝐧𝐞𝐫𝐬, we welcome the opportunity to discuss this search and other acquisition opportunities across the Hidden Harbor portfolio. Please reach out to 𝐛𝐝@𝐡𝐡-𝐜𝐩.𝐜𝐨𝐦 for additional information on our intermediary and buyside program, including our finder's fee agreement.

Hidden Harbor Capital Partners’ sourcing activity continued to strengthen in October, with the number of platform deals reviewed increasing nearly 20% year over year. This improvement builds on a stronger third quarter and extends the upward trend in rolling twelve-month activity. As activity improves, the conversation continues to evolve. Earlier in the year, attention centered on whether deal flow would recover. Today, the focus is increasingly on the quality of opportunities coming to market and whether buyer and seller expectations can align to support transactions. The coming months should provide a clearer picture of how much of this improvement reflects a broader shift in market conditions rather than seasonal fluctuations. Maintaining a healthy pipeline through year-end would further support the more constructive outlook that has emerged.

Tucker Coates and Jorge Salazar had a great time at last week’s ACG Florida conference at The Ritz-Carlton, Amelia Island! Jorge kept busy with a full schedule of meetings, while Tucker joined a panel hosted by Acclarity and Miles & Stockbridge on what makes or breaks a middle-market deal. The discussion highlighted the importance of preparation, transparency and building trust throughout the deal process. Thank you to ACG Florida for another great event. It’s always a strong way to close out the year, and this one was no exception!

Great to see Hidden Harbor Capital Partners portfolio companies Dayco and Burnout Brands in action at AAPEX and SEMA in Las Vegas last week! Both teams had the opportunity to showcase their products, connect with industry partners, and highlight their continued commitment to innovation and performance in the automotive aftermarket. Congrats to the Dayco and Burnout Brands crews on a great show!

Earlier this month, leaders from across our portfolio joined us in Delray Beach for the 2026 Hidden Harbor Capital Partners Success Summit. We spent the day sharing ideas and discussing best practices for running multi-site businesses, talent and retention, organic growth, operational performance, and more. It was a great opportunity to learn from one another, catch up, and strengthen connections across our portfolio. We wrapped up with a team social activity. Thanks to everyone who joined us. We left with fresh ideas and plenty to keep putting into practice!

Hidden Harbor Capital Partners has completed the sale of The Rapid Group (“TRG”). Headquartered in Paterson, New Jersey, TRG provides recurring inspection and maintenance, technical repair and rehabilitation, and equipment supply for pumps, motors, and other critical assets. Its services support municipal water and wastewater systems, industrial facilities, and commercial buildings. Since acquiring TRG in July 2022, Hidden Harbor partnered with the management team to invest in leadership, technician development, dedicated sales capabilities, and operating systems. During our ownership, TRG completed eight add-on acquisitions, expanding its reach across the Northeast and supporting the company’s growth. We’re proud of what the TRG team has accomplished and grateful for the partnership. We wish the team continued success in its next chapter! Read more: hh-cp.com/hidden-harbor-capi…

Hidden Harbor Capital Partner's sourcing activity remained healthy in September, continuing the more constructive trend that has developed through the second half of the year. The market remains selective, but the conversation has shifted. Earlier in the year, the focus was whether activity would return. Today, the question is whether the opportunities coming forward are actionable at valuations buyers can support. As year-end approaches, seasonality may weigh on new activity. Even so, the key measure will be whether improved deal flow can become sustained transaction momentum.

The Lynn University Investment Club recently welcomed Tucker Coates, Managing Director at Hidden Harbor Capital Partners, for a fireside chat. Tucker provided an introduction to private equity, discussed Hidden Harbor’s evolution, and shared perspectives on building a career in the industry. The event was organized by club president Carson Everett, who has interned with Hidden Harbor since April. Thank you to Carson and the Lynn University Investment Club for hosting us and bringing together a great group of students interested in learning more about private equity!

Great to see two Hidden Harbor Capital Partners portfolio companies side by side at CAMX 2026, North America's largest composites and advanced materials event! Marc Jackson, President and CEO of Teckrez, LLC, and Michael Gromacki, CEO of Norplex-Micarta, were on the show floor connecting with customers, suppliers, and industry partners. Teckrez, LLC debuted its new epoxy product line, featuring a full range of epoxy resins, curing agents, tougheners, and specialty additives, backed by hands-on technical support. Norplex-Micarta showcased its Life Critical. Mission Critical. Composites. focus, highlighting high pressure laminate (HPL) composites built for aerospace, defense, electrical, and demanding industrial applications. Congratulations to both teams on a great show!

Building a strong platform today creates opportunities for growth tomorrow. In this video, Chad Severson, CEO of RL James Exteriors, a Hidden Harbor Capital Partners portfolio company, shares how the company achieved meaningful organic growth while laying the foundation for long-term success. He discusses the value of combining talented teams with Hidden Harbor's operational expertise and how investing in a unified platform will strengthen collaboration, improve customer service, and accelerate future growth. By bringing together the best ideas, systems, and talent across the organization, RL James is creating a platform built to support its next phase of growth!

At the beginning of the month, HR leaders from across the Hidden Harbor portfolio came together for a day focused on collaboration and shared learning. It was great to see leaders exchanging ideas, discussing common challenges, and sharing best practices they can take back to their teams. Thank you to everyone who joined us!

We are proud to share that Hidden Harbor Capital Partners Fund II was recognized in the Bloomberg Private Funds League Tables (Q2 2026) with the following rankings based on net IRR: • #1 among sub-$500 million buyout funds in the 2022 vintage • #2 among all sub-$500 million funds in the 2022 vintage • #2 among sub-$500 million buyout funds across the 2019-2024 vintages This recognition reflects the dedication of our team and the strength of our partnerships with our investors and portfolio company leaders. Disclosure: Bloomberg’s rankings are based on the latest reported net IRR as of three months prior to the report’s release and include funds that meet Bloomberg’s eligibility criteria. Bloomberg does not endorse any investment or fund. Hidden Harbor Capital Partners did not compensate Bloomberg, nor was Hidden Harbor Capital Partners compensated, in connection with these rankings.

Execution and discipline drive long-term success. In this video, Christian Roth, CEO of Burnout Brands, a Hidden Harbor Capital Partners portfolio company, shares how the company achieved double-digit revenue and profitability growth while maintaining a strong customer experience. He also discusses the importance of staying committed to strategy, navigating industry challenges, and building momentum through collaboration. It's a privilege to work alongside leadership teams like Christian's that are committed to continuous improvement and creating lasting value for their customers and employees!

August marked another active month for Hidden Harbor’s sourcing efforts, reinforcing the improvement in deal flow we have seen throughout the year. While seasonality can often slow activity this time of year, the market appears increasingly willing to move. Sellers and intermediaries continue to test processes, while buyers are engaging where asset quality, valuation, and timing align. The next several months will be important in determining whether this improved activity proves durable. Put simply, the question is whether the market’s new deal flow has ultimately converted into closed transactions.

Choosing the right private equity partner is about finding a team that understands your business, shares your vision, and is committed to creating long-term value. In this video, David Fishbein, CEO of Coast to Coast Logistics, a Hidden Harbor Capital Partners portfolio company, shares why he chose to partner with Hidden Harbor and how our industry expertise, collaborative approach, and commitment to long-term growth have helped support the company's continued success.

We are excited to announce Hidden Harbor Capital Partners’ investment in Escape Fire Protection, a leading provider of fire, life & safety services across Minnesota and the broader Midwest! Founded in 2003, Escape Fire Protection provides critical fire protection services to commercial and industrial customers, including the design, installation, inspection and maintenance of fire systems. The company represents a new platform investment in Hidden Harbor’s third fund and further strengthens our focus on critical, non-discretionary facility services. We look forward to partnering with the Escape Fire Protection team to support the company’s continued growth, expand its service offering and reach new markets. Read the full announcement: hh-cp.com/hidden-harbor-capi…

Sustainable growth starts with investing in people, culture, and disciplined execution. In this video, Chanda Fulgium, CEO of Inspire Aesthetics Group, a Hidden Harbor Capital Partners portfolio company, shares how aligning leadership, strengthening company culture, and focusing on the right people laid the foundation for growth in 2025. Looking ahead, she discusses the company's plans to expand through strategic partnerships, increased capacity, and continued operational excellence. It's rewarding to support leadership teams that understand long-term success is built by investing in people and executing with purpose!

Hidden Harbor Capital Partners is seeking a platform in the electrical services sector. We are looking to partner with businesses that provide electrical repair, maintenance, testing and inspection, generator services, system upgrades, lighting and controls, installation, and other specialty electrical infrastructure services across residential, commercial, industrial, and government end markets. 𝐀𝐜𝐪𝐮𝐢𝐬𝐢𝐭𝐢𝐨𝐧 𝐂𝐫𝐢𝐭𝐞𝐫𝐢𝐚: 🔵 Size: $3M+ EBITDA 🔵 Geography: Southeast United States 🔵 Service Offerings: Electrical repair & maintenance, testing & inspection, generators, system upgrades, lighting & controls, installation, and related specialty electrical services 🔵 Revenue Mix: Preference for businesses with meaningful repair, maintenance, and inspection revenue 🔵 End Markets: Residential, commercial, industrial, and government 𝐅𝐨𝐫 𝐈𝐧𝐭𝐞𝐫𝐦𝐞𝐝𝐢𝐚𝐫𝐢𝐞𝐬, 𝐃𝐞𝐚𝐥 𝐒𝐨𝐮𝐫𝐜𝐞𝐬, 𝐚𝐧𝐝 𝐁𝐮𝐲𝐬𝐢𝐝𝐞 𝐏𝐚𝐫𝐭𝐧𝐞𝐫𝐬, we welcome the opportunity to discuss this search and other acquisition opportunities across the Hidden Harbor portfolio. Please reach out to 𝐛𝐝@𝐡𝐡-𝐜𝐩.𝐜𝐨𝐦 for additional information on our intermediary and buyside program, including our finder's fee agreement.