Morgenthaler Ventures

Morgenthaler Ventures is a seasoned venture capital firm with over 45 years of experience in the industry, focusing primarily on the IT sector. The firm has consistently invested through various market cycles, supporting a range of notable portfolio companies such as Evernote, Lending Club, and Siri, among others. Morgenthaler Ventures emphasizes collaboration with industry-leading management teams, aiming to drive long-term growth and shareholder value. Additionally, Morgenthaler Private Equity, a related entity, specializes in lower middle market leveraged buyouts, recapitalizations, and build-up investments, targeting companies with transaction values between $25 million and $150 million. This division seeks to partner with entrepreneur- and family-owned businesses, as well as corporate divestitures, particularly in high-value manufacturing and industrial services. By leveraging extensive capital resources and a strong network of advisors, Morgenthaler Ventures is committed to fostering superior operational and financial performance in its portfolio companies.

Robin Bellas

Partner

Robert C. Bellas

Partner

Michael Duffy

Vice President

Phin Emery

Associate

Tom Kulesa

Associate

Molly Kussell

Assistant Director of Operations

Heather LaGrone

Director of Human Resources

Justin Lebek

Associate

Gary Morgenthaler

Partner

Barb Neifach

Director of Operations

Barbara Neifach

Director of Operations

Brendan Newman

VICE PRESIDENT

Bob Pavey

Partner

Hank Plain

Partner

Scott Walters

CFO

Albert Yun

Associate

Past deals in Ohio

Bettcher Industries

Private Equity Round in 2017
Bettcher Industries is an ISO 9001-certified, vertically integrated manufacturing corporation with a worldwide customer base. The company is a leading developer and maker of innovative equipment for food processing, foodservice, industrial, medical and other operations. Established in 1944, Bettcher Industries brings more than seven decades of successful innovation to the market.

dlhBOWLES

Acquisition in 2014
dlhBOWLES manufactures and markets plastic air and fluid handling assemblies, tubing, hoses, and profile extrusions. It offers injection molded thermoplastic parts, design and engineering services, precision injection molding, washer system tubing assemblies, air and fluid management, extruded thermoplastic tubes and profiles, rapid prototyping, and lab testing and design of experiments for process. dlhBOWLES was formerly known as DLH Industries, Inc. and changed its name to dlhBOWLES in July 2015. The company was founded in 1975 and is based in Canton, Ohio. dlhBOWLES operates as a subsidiary of Bowles Fluidics Corporation.

Arisdyne Systems

Series A in 2008
Arisdyne Systems is an advanced materials and process systems integration company. They license continuous flow, high efficiency systems to manufacturers of fuels. Their integrated, labor efficient systems scale easily from their lab to your plant site. The Arisdyne Systems team brings over 50 years of technological expertise to the industry.

Avtron Aerospace

Venture Round in 2007
Avtron Aerospace is located in Independence, Ohio, USA, 20 minutes south of Cleveland, Ohio and 20 minutes east of Cleveland Hopkins International Airport. Since 1953, Avtron has been developing innovative test technology to support the needs of aircraft manufacturers, component OEMs, and MRO facilities worldwide. We are the preferred provider of generator and hydraulic test systems, automatic test equipment for electronics, ground support equipment, aircraft load banks, and custom test solutions used to test aircraft flight components.

Five Star Technologies

Venture Round in 2006
Five Star Technologies is a supplier of high-performance dispersions, inks and pastes used in displays, photovoltaics, and microelectronic packaging. Combining its patented hydrodynamic cavitation process with innovative chemistry, Five Star produces the ElectroSperseâ„¢ series of inks and pastes as well as a wide range of precision dispersions. The ElectroSperse line features a range of conductive pastes with exceptional printability, low firing temperatures, high levels of conductivity, strong adhesion to a variety of substrates, and RoHS compliance. ElectroSperse grades can be tailored for a range of processing techniques, including screen, gravure, extrusion and ink jet printing. Targeted applications include electrodes, interconnects, and linearization patterns for displays, photovoltaic front side contacts, and hybrid microcircuits.

Five Star Technologies

Series C in 2004
Five Star Technologies is a supplier of high-performance dispersions, inks and pastes used in displays, photovoltaics, and microelectronic packaging. Combining its patented hydrodynamic cavitation process with innovative chemistry, Five Star produces the ElectroSperseâ„¢ series of inks and pastes as well as a wide range of precision dispersions. The ElectroSperse line features a range of conductive pastes with exceptional printability, low firing temperatures, high levels of conductivity, strong adhesion to a variety of substrates, and RoHS compliance. ElectroSperse grades can be tailored for a range of processing techniques, including screen, gravure, extrusion and ink jet printing. Targeted applications include electrodes, interconnects, and linearization patterns for displays, photovoltaic front side contacts, and hybrid microcircuits.

Five Star Technologies

Series C in 2003
Five Star Technologies is a supplier of high-performance dispersions, inks and pastes used in displays, photovoltaics, and microelectronic packaging. Combining its patented hydrodynamic cavitation process with innovative chemistry, Five Star produces the ElectroSperseâ„¢ series of inks and pastes as well as a wide range of precision dispersions. The ElectroSperse line features a range of conductive pastes with exceptional printability, low firing temperatures, high levels of conductivity, strong adhesion to a variety of substrates, and RoHS compliance. ElectroSperse grades can be tailored for a range of processing techniques, including screen, gravure, extrusion and ink jet printing. Targeted applications include electrodes, interconnects, and linearization patterns for displays, photovoltaic front side contacts, and hybrid microcircuits.

MPI International

Acquisition in 2003
Established in 1969 and based in Rochester Hills, Mich., MPI International is the leading manufacturer of custom, fineblanked stampings and assemblies in North America. It has six manufacturing sites in Wisconsin, South Carolina, Indiana, and Ohio. More information about MPI can be found on www.mpi-int.com

Wastequip

Pre Seed Round in 1989
Wastequip is the manufacturer of waste and recycling equipment, with an international network of manufacturing facilities and the most extensive dealer network in the industry. Wastequip's broad range of waste and recycling equipment and systems is used to collect, process and transport recyclables, solid waste, liquid waste and organics.

Structural Dynamics Research Corporation

Venture Round in 1986
Structural Dynamics Research developed computer-aided engineering software and services for designing sophisticated mechanical products.