North Central Equity

North Central Equity is a private equity firm founded in 2004 and based in Eden Prairie, Minnesota. The firm specializes in investing in growth-stage companies, primarily through buyouts. Its investment strategy focuses on a diverse range of sectors, including business products, business services, manufacturing, and industrial sectors across the United States and Canada. Additionally, North Central Equity aims to expand its portfolio through new acquisitions, with a particular emphasis on developing enterprise software.

Elam Baer

CEO

Paul Wilmes

President

1 past transactions

Scriptel

Acquisition in 2008
Scriptel Corporation, founded in 1982 and based in Columbus, Ohio, is a leader in digitizer components and electronic signature capture technology. The company introduced the PenWriter in the late 1980s, the first device to allow high-quality pen input with its own LCD display, enabling users to see and use their handwriting on computers. Today, Scriptel specializes in capacitive pen digitizing technology, known for its durability and cost-effectiveness in simulating pen and paper. The company holds numerous patents and has implemented its technology in over 3 million solutions globally, primarily within the retail point-of-sale environment, where many customers have encountered Scriptel pens when making credit card transactions. Since 2010, Scriptel has expanded into the digital workflow market with the ScripTouch ST1500, a reliable electronic signature pad backed by a three-year warranty, and has developed a comprehensive line of signature pads designed to meet various market demands, complemented by strong service and software integration support.
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