Family Business & Investments: November 2026

NorthStar Expands Growth Plans with New Financing and Strategic Partnership. Recent announcements highlight growth at NorthStar Medical Technologies, one of the companies in the Hendricks Holding Company portfolio. The Beloit-based company, which supplies radioactive materials used in medical treatments, recently announced access up to $185 million in growth financing led by Hercules Capital and entered into a strategic partnership with Switzerland-based Nuclidium AG, a clinical-stage radiopharmaceutical company developing targeted cancer therapies.

The new financing will help NorthStar expand production of Actinium-225, a radioactive isotope increasingly used in precision cancer therapies, while supporting continued growth of its Wisconsin manufacturing facilities.

Why it matters: NorthStar's new financing and partnership with Nuclidium highlight how the company's scientific, operational, and regulatory progress is translating into commercial opportunities. These developments could help NorthStar increase production capacity and serve more companies working on targeted cancer treatments.

ABC Supply Interiors Expands Its National Footprint With New Locations. The company recently opened four new branches in Chandler, Arizona; East Moline, Illinois; Lincoln, Nebraska; and Midland, Texas. The new locations will strengthen the company's ability to serve contractors in growing markets across the country. The company operates more than 270 locations nationwide and supplies products including wallboard, insulation, metal framing, and acoustical systems.

Why it matters: Distribution depends on getting materials to job sites reliably. Adding local branches puts the company closer to contractors and illustrates organic growth: expanding an existing business rather than acquiring another company.

Hendricks Family Foundation Helps Fund 10 New Homes in Beloit. The foundation awarded $350,000 to Habitat for Humanity to support construction of 10 new homes in the Beloit area. The project marks Habitat's return to homebuilding in Beloit for the first time since 2008. All 10 are expected to be completed by late 2027 or early 2028.

Why it matters: The grant shows another way the Hendricks family supports Beloit: through philanthropy alongside its business investments. The project addresses affordable homeownership and expands housing opportunities for local families, objectives that community leaders often view as important to long-term economic development.

The Grain in Delafield Receives Award for Best Mixed-Use Property of the Year. The Grain, a mixed-use development by Hendricks Commercial Properties in downtown Delafield, received the 2026 BOMA Wisconsin TOBY Award for Best Mixed-Use Property. The award recognizes the quality of building management and operations—not simply the design of the property.

Why it matters: The recognition highlights the work of the team that manages The Grain day to day. Opened in 2024 following a $25 million investment, the project transformed a long-vacant downtown site into a vibrant destination for offices, restaurants, retail and community activity. For a closer look at The Grain, visit: www.graindelafield.com