80 20 IncPrincipals of True North Advise Lake City Bank as Personal Representative of the Estate of Don Wood as the Seller of 80/20 Inc.

CLEVELAND, OH and BOSTON, MA, March 3, 2021: MPE Partners (“MPE” or “Morgenthaler Private Equity”) announced an investment in 80/20 Inc. (“80/20” or “the Company”), a world-class originator and manufacturer of aluminum T-slotted building systems for various applications and end-markets. MPE Partners’ investment positions 80/20 Inc. for accelerated growth, ensuring the Company remains an industry leader, world class employer of choice, and committed partner to all customers.

“Our investment in 80/20 is an investment in the incredible people that comprise the Company and the work they do each and every day,” said Karen Tuleta, Partner at MPE. “80/20 has a proven track record of excellence, and we look forward to helping them achieve their next phase of growth.”

Founded by entrepreneur Don Wood in 1989, 80/20 Inc. develops and facilitates multifunction building systems to construct virtually anything that can be used anywhere. With a catalog of over 8,500 innovative products, 80/20 Inc. provides solutions for automation, machine frames, enclosures, displays, workstations, and more.

“This is an incredible opportunity for 80/20. With MPE’s investment we have access to financial and operational resources that will propel us to be an even better partner to our customers and distributors while we carry Don Wood’s legacy forward,” said Patrick Buesching, President and CEO, 80/20 Inc. “80/20 was founded on the belief that we should always strive for improvement and find opportunities to evolve and become even better so we can do more for our customers. This is the next step on the path to achieving more.”

Buesching continued, "With integrity from start to finish, True North provided exceptional advice and service to our management team and owners throughout this complex yet rewarding transaction focused on growth and opportunity." Karen Tuleta from MPE added, "The preparedness and professionalism of True North was a major factor in a successful closing of this transaction."

The Principals of True North, acting in their capacity as registered agents of Burch & Company, Inc. (“Burch”), were the lead strategic and financial advisors in this transaction. In order to assist True North with securities related transactions, its principals are registered investment banking agents of Burch & Company, Inc., member FINRA/SiPC. Burch and True North are not affiliated entities.