Norwest Equity Partners

Norwest Equity Partners (NEP), based in Minneapolis, Minnesota, is a prominent private equity firm founded in 1961. NEP specializes in investing equity capital in established middle-market companies across various sectors, including agriculture, business services, consumer products, distribution, industrials, and healthcare. The firm focuses on companies with proven business models capable of generating profits and has extensive experience in management buyouts, recapitalizations, and growth financings, particularly in founder and family-owned businesses. NEP typically targets investment sizes ranging from $30 million to over $250 million, aiming to partner with companies that demonstrate strong potential for growth and industry leadership. Currently, NEP is investing from its latest fund, which has a total capital commitment of $1.6 billion.

Harry Alappat

Associate

Anthony Armand

Partner

Tony Armand

Partner

Carter Balfour

Partner

Will Borwege

Associate

Jared Brown

Managing Director

John Brownschidle

Vice President

Bailey DeMets

Associate

Laura Hacker Dorsch

Principal

Danny Fox

Principal

Eric Frueh

Vice President

Shani Graber

Managing Director

John Hogan

Partner

Tim Kuehl

Partner

Beth Lesniak

Managing Director

Parker Loving

Vice President

Matt Mitan

Senior Associate

Parker Montgomery

Senior Associate

Michael Orke

Associate

David Ropp

Operating Partner

Todd Solow

Partner

Jason Sondell

Managing Director

Sean Stevens

Partner

Josh Stiefel

Associate

Mark Thom

Operating Partner

Tyrus Williams

Associate

Austin Wilson

Vice President

Past deals in Michigan

Encore Rehabilitation

Venture Round in 2016
Encore Rehabilitation Services, LLC, founded in 2007 and based in Farmington, Michigan, specializes in providing a range of therapy services, including physical, occupational, respiratory, and speech therapy. The company focuses on delivering outcome-driven rehabilitative therapy solutions to nursing homes, skilled nursing facilities, assisted living facilities, and home health agencies. By emphasizing strong relationships with customers and healthcare organizations, Encore fosters effective communication and clinical support. In addition to therapy services, the company also offers compliance and revenue cycle support, enabling its partners to enhance their service delivery and patient care.

Monroe Truck Equipment

Venture Round in 2015
Monroe Truck Equipment, Inc. is a prominent manufacturer and distributor of specialized truck equipment, focusing on the design, installation, and upfitting of vehicles for municipal, commercial, and fleet applications. Established in 1958 and headquartered in Monroe, Wisconsin, the company offers a diverse range of products, including snow and ice control equipment, dump and service bodies, and custom modifications such as alternative fuel conversions and fleet adjustments. Monroe Truck Equipment distributes its products to dealers, fleets, and individual customers, with an emphasis on quality service and innovative solutions tailored to client needs. The company operates additional locations in DePere, Marshfield, and Joliet, as well as Flint and Louisville, further expanding its reach in the industry. With a strong commitment to customer responsiveness and a hands-on management approach, Monroe Truck Equipment has established itself as a leader in the truck equipment sector.

Encore Rehabilitation

Venture Round in 2015
Encore Rehabilitation Services, LLC, founded in 2007 and based in Farmington, Michigan, specializes in providing a range of therapy services, including physical, occupational, respiratory, and speech therapy. The company focuses on delivering outcome-driven rehabilitative therapy solutions to nursing homes, skilled nursing facilities, assisted living facilities, and home health agencies. By emphasizing strong relationships with customers and healthcare organizations, Encore fosters effective communication and clinical support. In addition to therapy services, the company also offers compliance and revenue cycle support, enabling its partners to enhance their service delivery and patient care.

Hospice Advantage

Venture Round in 2013
Hospice Advantage, LLC is a provider of end-of-life care services, catering to patients and families across 14 states, including Alabama, Georgia, Illinois, Indiana, Kansas, Michigan, Minnesota, Mississippi, Missouri, Oklahoma, Pennsylvania, South Carolina, Tennessee, and Wisconsin. Founded in 2004 by Rod Hildebrant, the company is Medicare and Medicaid certified and aims to deliver compassionate care to those with life-limiting illnesses. Hospice Advantage offers a range of services, including hospice and home care, palliative care, personal assistance, and bereavement support. The company addresses patients' essential needs, such as nutrition, bathing, and household tasks, while also providing companionship and assistance with errands. Additionally, it supplies medical equipment and conducts necessary diagnostic studies related to terminal illnesses. Based in Bay City, Michigan, Hospice Advantage operates as a subsidiary of Hospice Compassus, Inc.

Liberty Dialysis

Venture Round in 2010
Liberty Dialysis, LLC, headquartered in Mercer Island, Washington, specializes in the development, ownership, and operation of dialysis clinics across the United States. Established in 2002, the company serves patients with chronic kidney disease by offering outreach programs and home dialysis options. Liberty Dialysis operates numerous clinics in states including Alaska, California, Colorado, and more, aiming to deliver optimal care through patient education and advanced technology. As of February 2012, Liberty Dialysis is a subsidiary of Fresenius Medical Care AG & Co. KGAA, enhancing its capacity to provide comprehensive renal care.

General Products Corporation

Debt Financing in 2006
Headquartered in Livonia, MI, General Products has been in operation since 1922. With its foundation in the manufacture of complex and precision machined components, GP has evolved into a "full service supplier" with complimentary capabilities including precision assembly, testing and program management. Today product manufactured by GP can be found in almost all modes of transportation including Automotive, Heavy and Medium Duty Trucks, Commercial and Military Aircraft and Rail. To compliment such a diverse portfolio of parts GP has developed a highly successful global supply chain enabling sourcing and delivery of parts on a worldwide basis.

Continental Structural Plastics

Venture Round in 2006
Continental Structural Plastics, based in Auburn Hills, Michigan, specializes in the development and manufacturing of composite materials for various industries, including automotive, heavy truck, and construction. The company holds over 50 patents and has developed more than 120 proprietary formulations, focusing on molded structural components, body panels, and composite pick-up boxes. By integrating computer-aided engineering and design into their processes, they deliver advanced lightweight material solutions that meet both design and regulatory requirements. Their in-house lab is equipped to formulate, compound, and test a range of materials, allowing their engineering team to continuously innovate and improve the performance of their composites. Committed to sustainability, their products incorporate eco-conscious materials such as carbon fiber and natural fillers, making them not only lighter and stronger but also greener options for their customers worldwide.

Continental Structural Plastics

Debt Financing in 2006
Continental Structural Plastics, based in Auburn Hills, Michigan, specializes in the development and manufacturing of composite materials for various industries, including automotive, heavy truck, and construction. The company holds over 50 patents and has developed more than 120 proprietary formulations, focusing on molded structural components, body panels, and composite pick-up boxes. By integrating computer-aided engineering and design into their processes, they deliver advanced lightweight material solutions that meet both design and regulatory requirements. Their in-house lab is equipped to formulate, compound, and test a range of materials, allowing their engineering team to continuously innovate and improve the performance of their composites. Committed to sustainability, their products incorporate eco-conscious materials such as carbon fiber and natural fillers, making them not only lighter and stronger but also greener options for their customers worldwide.
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