MindCore Technologies Company Overview

MindCore Technologies (“MindCore” or the “Company”) is a designer and manufacturer of high-voltage and extra-high-voltage switching solutions, headquartered in Terrebonne, Quebec, with over 120,000 square feet of manufacturing space.

Founded in 2008 by Mr. Philippe Corriveau, MindCore provides mission-critical switching products to a tenured set of blue-chip electrical utility customers, including vertical break switches (up to 800kV), double break switches (up to 500kV), center break switches (up to 345kV), hookstick and grounding switches, and control and monitoring solutions, along with circuit switchers and replacement parts. MindCore plays a critical role in upgrading the electrical power transmission grid to meet the rapidly growing demand for power and to ensure the safe, reliable flow of electricity across North America.

MindCore is a reliable supplier for several of the largest utilities in North America, earning its reputation as a provider of premium, highly-engineered switching solutions that are durable, reliable, and easy to install on-site with a valuable total cost of ownership (“TCO”) approach. Continuim was drawn to MindCore’s commitment to product quality and innovation, customer service, and the Company’s impressive growth trajectory and financial profile. In addition, there is clear alignment of values with Mr. Corriveau and MindCore’s talented management team, including Mr. Jocelyn Ouellet (COO), Mr. Patrick Lalongé (CTO), and Ms. Marie-France Talbot (CFO), each of whom will remain active shareholders alongside Continuim. Continuim will utilize its Efficiency Driven Growth Engine (“EDGE”) to further increase manufacturing capacity at MindCore’s headquarters and to ultimately launch a new production facility in the United States to serve new and existing customers.

Philippe Corriveau, CEO of MindCore, said, “Our original intention was not to sell, but when you have the chance to meet true partners that share the same set of values, it becomes a natural fit. George and his entire team at Continuim are what they say they are: great people, extremely dynamic, and value-added for our business going forward. MindCore Technologies is now ready to accelerate its flywheel and become the number one high-voltage switching equipment manufacturer in the market.”

Continuim’s acquisition of MindCore serves as Continuim’s third platform investment within Continuim Equity Partners Fund II, LP (“Fund II”), along with CEP’s second investment within its Power Generation, Transmission, and Distribution investment thesis.

Certain statements about Continuim made by portfolio company executives herein are intended to illustrate the work of Continuim’s team with such portfolio companies. Such portfolio companies are controlled by investment vehicles managed by Continuim. Portfolio company executives were not compensated in connection with their participation, although they generally receive compensation and investment opportunities in connection with their portfolio company roles, and in certain cases are also owners of portfolio company securities and/or investors in Continuim-sponsored vehicles. Such compensation and investments subject participants to potential conflicts of interest in making the statements herein.