BEACH POINT CAPITAL ANNOUNCES SUCCESSFUL CLOSE OF SALE OF E-Z UP TO NORWEST EQUITY PARTNERS

EmitenTrust.com Exit reflects Beach Point's momentum in monetizing Hybrid Solutions investments, underscoring its experience partnering with middle-market businesses through periods of growth and transformation.

SANTA MONICA, Calif., Oct. 13, 2026 /PRNewswire/ -- Beach Point Capital Management LP ("Beach Point"), a global alternative investment manager with over $20 billion in assets under management, today announced the successful sale of E-Z UP, Inc. ("E-Z UP" or the "Company"), a leading provider of portable shade solutions, instant shelters and related accessories, to Norwest Equity Partners ("NEP").

Beach Point partnered with E-Z UP in 2019 through its Hybrid Solutions strategy, providing a custom solution to support the Company's next phase of growth and evolution. In partnership with Beach Point, E-Z UP expanded its product and customer offering, enhanced its digital printing capabilities, strengthened its commercial and consumer channels, broadened its customer reach and successfully transitioned leadership from its founders to current management.

Jay Takefman, Co-Head of Beach Point Hybrid Solutions, said "We are proud to have partnered with E-Z UP, its founders, and management team during an important chapter in its development. We believe this investment reflects the type of opportunity our Hybrid Solutions strategy is designed to pursue, supporting high-quality middle-market businesses with flexible, customized capital structures. E-Z UP's brand strength, product portfolio and customer relationships have made it a durable leader in the portable shelter market for more than four decades. We appreciate the partnership of the E-Z UP management team and believe the Company is well positioned for continued growth and success under NEP's ownership."

The transaction builds on continued momentum for Beach Point's Hybrid Solutions strategy, including the recent sale of Smile America Partners, the largest school-based mobile dental program in the U.S. Together, these realizations underscore the strategy's ability to partner with middle-market businesses across sectors, structuring tailored hybrid solutions and supporting management teams in driving value.

Beach Point's Hybrid Solutions strategy manages approximately $1 billion in capital and is led by Jay Takefman and Robert Bergmann, who manage the firm's Tactical Funds. The Hybrid Solutions team partners with business owners, sponsors and management teams to structure bespoke capital solutions tailored to meet companies' unique strategic and financing needs and seek differentiated returns to investors. The investments are flexible and highly structured capital investments that typically sit in the middle of the capital structure and exhibit both credit and equity characteristics.

About E-Z UP: 

Founded in 1983 and headquartered in Norco, California, E-Z UP is a leading provider of Instant Shelter® products, portable shade solutions and related accessories for commercial, recreational, event and professional applications. The Company offers a broad range of instant shelters, canopies, tables, flags, banners, accessories and custom digitally printed products to customers around the world.

For more information, visit https://www.ezup.com.

About Beach Point: 

Beach Point Capital is a global alternative investment manager focused on opportunities across the credit spectrum. The firm's integrated platform spans Performing Credit, Opportunistic Credit, Structured Credit & Asset-Based Finance, and Private Credit, investing in hybrid solutions, high yield bonds, senior loans, CLO origination, securitized credit, direct lending, real estate credit, and capital solutions. Founded in 2009, Beach Point is employee-owned and manages over $20 billion in assets on behalf of a predominantly institutional client base, with offices in Los Angeles, New York, London, and Dublin.

For more information, visit https://beachpoint.capital

About Norwest Equity Partners:

Norwest Equity Partners (NEP), a Norwest Capital strategy, seeks to invest in growing and profitable middle-market companies primarily across the business services, consumer services, consumer products and industrials sectors. For over 65 years, NEP has created opportunities, jobs, and value by finding and fueling what's working in successful companies to help build them into industry leaders. Investing nationally from offices in Minneapolis and West Palm Beach, NEP takes a respectful, collaborative approach that sets it apart from other capital sources.

For more information, visit https://nep.com.

Media Contact:

Beach Point Capital Management LP

Prosek Partners

Josh Clarkson

Pro-beachpoint@prosek.com

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SOURCE Beach Point Capital Management