Minneapolis (July 30, 2025) – Yukon Partners (“Yukon”), a provider of junior capital for middle market private equity transactions, is pleased to announce it has partnered with Wind Point Partners (“Wind Point”) to support the merger of Liquid Tech Solutions (“LTS” or the “Company”), a leading provider of route-based, mobile on-site refueling services, with Wind Point’s existing portfolio company, Velocity Rail Solutions (“Velocity”), a provider of mission critical locomotive refueling and other rail services. The combination creates the largest mobile on-site refueling player in North America, further enhancing the combined company’s value proposition to national and local customers across rail and numerous end markets.

LTS’ primary business segment is focused on truck-to-truck refueling, with an increased emphasis on diversifying into growing and mission critical adjacencies such as emergency fueling solutions and marine fueling. The Company’s mobile on-site refueling services create value for customers by saving on labor, fuel and truck maintenance costs. LTS utilizes a fleet of 1,200 specialized vehicles to serve approximately 18,000 customers across nearly 30,000 sites.

Wind Point is partnering with LTS management, led by William McNamara, an experienced CEO who has a demonstrated track record of building and growing companies. Together, Wind Point, Velocity and the LTS leadership team have developed a value creation plan centered around organic growth initiatives with new and existing customers and geographies. The growth strategy is complemented by a plan for additional acquisitions of mobile on-site refueling businesses across diverse end markets in both existing and new geographies.

“This exciting new partnership with Wind Point offers LTS additional access to a comprehensive executive network, capital resources and additional strategic growth opportunities via the combination with Velocity, all of which will accelerate our growth trajectory,” commented Mr. McNamara. “Our national network of assets and robust technological capabilities developed by LTS will enable the combined platform to continue providing critical services to our customers with industry leading precision, reliability and safety. The entire team is very excited to work with Wind Point and motivated to continue to evolve into this next chapter of our story.”

Jake Behringer, Vice President with Wind Point, noted, “We are thrilled to partner with LTS and its leadership team as they drive the combined organization into a new phase of growth. Both Velocity and LTS have demonstrated impressive execution on strategic objectives, and we look forward to continuing to invest in the combined enterprise and management team’s vision. Capitalizing on this continued momentum and furthering organizational investment will help enable strategic end market diversification, geographic expansion and deepen our customer relationships.”

Konrad Salaber, Managing Director with Wind Point, stated, “We are excited to partner with the talented team at LTS. They have built strong customer relationships by delivering high quality service complemented by a robust IT platform. We look forward to continuing to build upon the Company’s reputation for exceptional service in this critical, growing market.”

“LTS’ value-added services, sophisticated technology, and high service levels have positioned LTS as a leader in the mobile on-site refueling market,” commented Andrew Walker, Principal with Yukon. “We look forward to supporting Wind Point and the LTS management team as they capitalize on the Company’s many exciting growth opportunities.”

About Liquid Tech Solutions

Liquid Tech Solutions is a leading provider of route-based, mobile on-site refueling services to a diverse set of mission critical end markets. LTS’ primary business segment is focused on truck-to-truck refueling, with an increased emphasis on diversifying into growing and mission critical adjacencies such as emergency fueling solutions and marine fueling. LTS utilizes a fleet of 1,200 specialized vehicles to serve approximately 18,000 customers across nearly 30,000 sites.

About Yukon Partners

Yukon Partners is an independent and unaffiliated junior capital provider, primarily serving middle market private equity sponsor led business transactions in the U.S. and Canada. The transactions in which Yukon invests include buyouts, growth and platform strategies, recapitalizations, mergers/acquisitions, and public-to-private buyouts. Yukon typically invests up to $75 million per transaction and has managed over $2.6 billion in commitments across five funds. Yukon Partners has offices in Minneapolis, Boston, and West Palm Beach. Additional information about Yukon is available at www.yukonpartners.com.

About Wind Point Partners

Wind Point Partners is a Chicago-based private equity investment firm with approximately $7 billion in assets under management. Wind Point focuses on partnering with top caliber management teams to acquire well-positioned middle market businesses where it can establish a clear path to value creation. Wind Point targets investments in the business services, consumer products and industrial products industries. Since inception, Wind Point has deployed ten private equity buyout funds in partnership with leading institutional investors around the world, including public pensions, insurance companies, endowments, foundations, fund of funds and family offices. Additional information about Wind Point is available at www.windpointpartners.com.

For more information, please contact:

Andrew Walker
Principal
Yukon Partners
612-435-7826