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.
Private Equity Round in 2019
United Poly Systems, LLC was established by Jim Massengale and Bert Bridges to produce High Density Polyethylene (HDPE) pipe. With over 40 years of combined industry experience, the founders capitalize on their vast experience as well as their extensive relationships with customers and vendors to drive United Poly Systems’ success. As a start-up business, the company enjoys the benefits of being able to quickly meet customers’ needs without the overhead expenses that are incurred by many of the larger producers in the industry. United Poly Systems produces pipe with diameters from ¾” to 4” IPS and 4″ to 16″ DIPS for use in a number of industries. HDPE pipe is used by a variety of markets including telecommunications, power utility, electrical and oil and gas. The market for HDPE pipe continues to expand as initiatives to improve and expand infrastructure are implemented. Conveniently located in both Springfield, Missouri and Albuquerque, New Mexico, United Poly Systems competitive freight advantage allows service to much of the US market.
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