GREENWICH, CT – Southfield Capital, a premier lower middle market private equity firm, announced today that Ntiva (the “Company”), a full-service provider of managed IT services for small and medium-sized businesses, has completed the acquisition of the commercial managed services and hosting division of Lore Systems, Inc., a technology services firm specializing in high-level strategic IT consulting. The acquisition further strengthens Ntiva’s leadership in the Washington DC metro area and increases Ntiva’s client base to over 500 organizations. “We are honored to integrate the Lore clients into our growing portfolio of commercial and non-profit clients,” said Steven Freidkin, CEO of Ntiva. “We’re looking forward to helping them grow their business with the right technology strategy, keeping up with emerging tech trends while ensuring their systems are stable and secure.” “Partnering with Ntiva was an easy decision,” said Tien Wong, Chairman of Lore Systems, Inc. “As we move our focus to growing our strategic consulting business, we wanted to ensure that our commercial clients would be in great hands with Ntiva who, like us, take a strategic, client-centric approach to their service business.” Southfield Capital acquired Ntiva in 2016 in partnership with Company ownership. The acquisition solidifies Ntiva’s commitment to execute on its acquisition growth strategy. About Ntiva Headquartered in McLean, Virginia, Ntiva provides a full suite of outsourced IT services, including onsite support, remote monitoring, cloud services, backup & disaster recovery, and strategic consulting. The Company enables its customers to outsource their IT infrastructure, allowing them to improve their performance, reduce costs and enhance security. About Southfield Capital Southfield Capital is a private equity firm that invests in exceptional, growing companies in the lower middle market. The firm makes control investments in North American companies generating $4 - 12 million in EBITDA with proven business models, attractive growth and profitability trends, and strong leadership. For more information, please visit www.southfieldcapital.com Our Team Andy Levison, Managing Partner Andy Cook, Partner Heb James, Partner Tim Lewis, Partner Brandon Pinderhughes, Vice President Chris Grambling, Vice President Josh Sylvan, Associate Jon Goldstein, Chief Financial Officer Southfield Capital 53 Greenwich Avenue, 2nd Floor Greenwich, CT 06830 Phone: 203.813.4100 Fax: 203.813.4141 www.southfieldcapital.com
GREENWICH, CT – Southfield Capital, a premier lower middle-market private equity firm, announced today that it has completed the sale of Tier One Relocation (“Tier One”). Tier One is a leading certified provider of door-to-door household moving services for the U.S. military. Terms of the private transaction were not disclosed. Southfield Capital acquired Tier One in 2016 in partnership with the company’s management team. Tier One experienced tremendous growth during Southfield’s ownership. The company’s exceptional performance was due to the expansion of its service offering, strategic acquisitions and the augmentation of the leadership team. The sale represents a very successful exit for Southfield’s investors and the management shareholders. “Although we look forward to our new partnership, I’d be disingenuous if I didn’t acknowledge a bit of sadness about leaving Southfield: they’ve been supportive, helpful, resourceful and there when we needed them and not when we didn’t - everything a CEO wants out of a partner.” said Brian Gallagher, CEO of Tier One. Andy Cook, a Partner with Southfield Capital, commented on the sale, “It was truly an honor to work with the Tier One team. We took great steps to grow and professionalize the business while never losing track of the core mission of providing essential relocation services to U.S. military service members and their families.” Robert W. Baird, McGladrey and Finn Dixon & Herling advised Southfield on the transaction. About Tier One Headquartered in Weirton, WV, Tier One Relocation is a Department of Defense relocation manager. The Company coordinates military personnel household relocations throughout the continental U.S. Tier One’s customers are transportation service providers including moving, line haul, freight forwarding, packaging and storage providers. Tier One’s outsourced services include order procurement, relocation management, customer service and back-office administration. About Southfield Capital Southfield Capital is a private equity firm that invests in exceptional, growing companies in the lower middle market. The firm makes control investments in North American companies generating $4 - 12 million in EBITDA with proven business models, attractive growth and profitability trends, and strong leadership. For more information, please visit www.southfieldcapital.com Our Team Andy Levison, Managing Partner Andy Cook, Partner Heb James, Partner Tim Lewis, Partner Brandon Pinderhughes, Vice President Chris Grambling, Vice President Josh Sylvan, Associate Jon Goldstein, Chief Financial Officer Southfield Capital 53 Greenwich Avenue, 2nd Floor Greenwich, CT 06830 Phone: 203.813.4100 Fax: 203.813.4141 www.southfieldcapital.com
Harris Brings Nearly Three Decades of Experience Helping Brands, Teams, and Entrepreneurs Grow Greenwich, CT – July 21, 2026 – Southfield Capital (“Southfield”), a premier lower middle market private equity firm, today announced that its portfolio company, Franchise FastLane (“FastLane” or the “Company”), a leading franchise sales organization, has appointed Heather Harris as Chief Executive Officer, effective immediately. With nearly three decades of leadership experience across franchising, retail, and consumer brands, Harris brings a people-first approach that has been honed through her extensive career as an executive and a lifetime of building teams, developing people, and creating cultures rooted in accountability, collaboration, and growth. As CEO, Harris will focus on strengthening FastLane’s ability to support emerging brands, franchise consultants, and entrepreneurs. Her appointment comes during a period of meaningful growth and investment for FastLane as the Company expands its team, suite of services, and support capabilities for emerging franchise brands. “Heather is an accomplished executive with a proven track record of building high-performing organizations and helping franchise brands scale,” said Vince Tyra, Partner at Southfield Capital. “Her operational expertise, strategic mindset, and people-first leadership style qualifies her to lead Franchise FastLane into the next phase of growth. We are excited to partner with Heather and the entire management team as they continue building on the Company's strong foundation of delivering exceptional value to franchisors, consultants, and entrepreneurs.” Harris most recently served as CEO of Uni K Wax, where she led operational and marketing initiatives that strengthened the brand’s growth strategy, expanded its studio footprint, and helped position the company for national franchise growth. Previously, she held additional executive leadership roles, including president of CycleBar and Intelligent Office, where she helped guide franchise brands through periods of rapid growth, operational transformation, and strategic expansion. “Throughout my career, I have been a close admirer of the growth, culture, and impact FastLane has had on the franchising industry as a whole,” said Harris. “What makes this opportunity so meaningful is that it feels like a natural next step in my career journey and I am thrilled to be joining a team that shares my belief that relationships, accountability, and genuine care for people are what moves businesses forward. I look forward to supporting our employees, consultant partners, brand partners, and entrepreneurs as we lead Franchise FastLane into this exciting chapter.” About Southfield Capital Southfield Capital is a premier private equity firm with a foundational commitment to driving value at high-growth, lower middle market companies in the business services sector. The firm leverages its deep team of highly-experienced investment, technology and value-creation professionals, combined with fully-integrated AI-driven capabilities to partner with founders and manager-owned teams. For more information, please visit www.southfieldcapital.com About Franchise FastLane Franchise FastLane provides franchise development services. It manages the entire franchisee sales lifecycle from franchise formation services to initial lead generation to prospect qualification through to deal closure. FastLane works with franchisors to perfect their discovery process, bring qualified franchisee leads, and drive strong growth. FastLane leverages a rigorous diligence and onboarding process, industry-leading technology platform, and exceptional sales executives to drive successful franchise development for its franchisor clients. For more information, please visit www.franchisefastlane.com
Sale Represents Successful Exit Following Significant Earnings Growth and Value Creation During Southfield’s Period of Investment Greenwich, CT – June 3, 2026 – Southfield Capital (“Southfield”), a premier lower middle market private equity firm, announced today that it has completed the sale of Milrose Consultants (“Milrose” or the “Company”), a leading national provider of code consulting, permit expediting, architecture and engineering, inspection services, and municipal real estate compliance solutions, to Littlejohn & Co. (“Littlejohn”). Terms of the deal were not disclosed. Since partnering with Southfield in 2019, Milrose has achieved significant growth, expanding from a NYC focused company to a leading nationwide provider with over 435 professionals operating from offices in all 50 states. During that time, Milrose increased its earnings by over 7x through the expansion of its sales platform, broadening its services offerings, recruiting a highly-talented management team, and successfully executing 14 strategic add-on acquisitions. Key members of the management team will remain shareholders in partnership with Littlejohn. Southfield’s continuation vehicle transaction with Milrose in 2023 provided existing investors with optional liquidity while reaffirming its conviction in the Company’s strong market position and management team’s long-term strategic growth vision. The sale to Littlejohn represents a successful exit for Southfield’s investors. “Southfield has been an exceptional value-add partner and trusted advisor throughout our time working together,” said Dominic Maurillo, CEO of Milrose since 2021. “Their thoughtful and collaborative approach, together with an unwavering commitment to investing in our people and infrastructure, have helped position Milrose for long-term success. We are grateful for their support and have appreciated their ability to provide a consistently valuable perspective while empowering and trusting us to execute on our growth and operational strategy.” “It has been a pleasure partnering with Dom and the entire Milrose team over the past several years,” said Chris Grambling, Partner at Southfield. “Together, we executed on a shared vision to scale the platform by expanding geographically, broadening the Company’s service offerings, and completing a number of strategic acquisitions to help evolve Milrose into a national leader in building code compliance and consulting. We are proud of what we accomplished alongside Milrose’s management team and believe the Company is well positioned for continued success in the next phase of its growth.” Solomon Partners served as lead financial advisor, Houlihan Lokey served as financial co-advisor, KPMG USA provided transaction advisory services, and Wiggin and Dana LLP served as legal advisor to Milrose in this transaction. About Southfield Capital Southfield Capital is a premier private equity firm with a foundational commitment to driving value at high-growth, lower middle market companies in the business services sector. The firm leverages its deep team of highly-experienced investment, technology and value-creation professionals, combined with fully-integrated AI-driven capabilities to partner with founders and manager-owned teams. For more information, please visit www.southfieldcapital.com About Milrose Consultants Milrose Consultants is the national leader in the field of building code consulting and municipal expediting with headquarters in New York City and offices nationwide. Customers rely on Milrose to provide end-to-end building compliance services that include permitting, code & zoning, regulatory filing, special inspections, façade inspections, due diligence & research, and other compliance solutions. Milrose provides high-end services across various large, growing industries, including commercial, multi-family residential, retail, industrial, healthcare, and academia. For more information, please visit www.milrose.com