Northfield Capital to Acquire Remaining Minority Interest in Northfield Aviation

Northfield Capital Corporation has entered into a share purchase agreement to acquire the remaining minority interest of Northfield Aviation, a subsidiary in which it already owns a majority stake. The acquisition will result in Northfield Aviation being fully owned by the Corporation. The transaction remains subject to TSX Venture Exchange approval and customary closing conditions.

Northfield Capital Corporation has announced its intention to acquire the remaining minority interest in Northfield Aviation, a subsidiary in which it already holds a majority stake. The acquisition will result in Northfield Aviation being fully owned by Northfield Capital Corporation. The transaction is subject to approval by the TSX Venture Exchange and customary closing conditions.

The move follows Northfield Capital's strategic focus on expanding its portfolio in the aviation sector. Northfield Aviation, a significant player in the industry, has been instrumental in Northfield Capital's growth and diversification. The acquisition will enable Northfield Capital to consolidate its control over Northfield Aviation, potentially leading to operational efficiencies and strategic synergies.

Northfield Capital Corporation, founded in 1969, is based in Buffalo, New York. It specializes in private equity investments, particularly in the healthcare, consumer products, manufacturing, software, and professional services sectors. The company's investment strategy focuses on companies with annual revenues up to $10 million and EBITDA up to $5 million, with a preference for businesses that are unique or possess proprietary rights.

The acquisition comes on the heels of Northfield Capital's strong financial performance in 2024. The company reported a 17% increase in investment income, with total investment income rising to $8.6 million. Net asset value per share ("NAV") grew by 7% to $25.31, and the company raised its quarterly cash dividend by 16%. These results reflect Northfield Capital's commitment to returning capital to shareholders and its strategic approach to debt investments.

Northfield Capital Corporation's stock is listed on the NASDAQ exchange under the ticker symbol RAND. The company has a market capitalization of approximately $3 million and has approximately 3 million shares outstanding. The company's Board of Directors has the discretion to declare future dividend distributions, subject to the company's financial performance and other factors.

The acquisition of Northfield Aviation is expected to enhance Northfield Capital Corporation's portfolio and position it for continued growth in the aviation sector. The transaction is subject to regulatory approval and customary closing conditions, with no specific timeline provided.

References:
1. [Northfield Capital Corporation](https://quantisnow.com/company/RAND)