Northern Lakes Capital
Overview
Northern Lakes Capital is a Minneapolis-based private equity firm specializing in control investments in lower middle-market companies across North America. The firm focuses on partnering with leading family-owned private businesses, aiming to enhance their growth through strategic initiatives such as product and service expansion, capital investment in management and facilities, and strategic add-on acquisitions. With a team that collectively brings over 50 years of experience, Northern Lakes Capital leverages its expertise to build value for all stakeholders, including owners, employees, customers, suppliers, and the community. The firm's investment approach is centered on two primary strategies: Buy and Build and Stand Alone, Platform Investments. In its Buy and Build strategy, Northern Lakes Capital seeks to create industry-dominant companies by acquiring and combining leading regional businesses within a sector, recruiting experienced management talent to integrate and foster ongoing growth. This strategy targets industries with large addressable markets, a high number of geographically diverse North American targets, multiple established buyers at exit, and typically provides outsourced services. For Stand Alone, Platform Investments, the firm focuses on acquiring leading private companies with a long history of operations, consistent profitability, high cash flow, and strong management willing to stay with the business, with an opportunity for enhanced growth. The firm is generally industry agnostic but avoids investments in restaurant and retail, high tech, medical device, oil and gas, and basic commodities. Northern Lakes Capital prides itself on being honest and transparent throughout all stages of the investment process. The firm partners with management teams to develop tailored strategies that create long-term value throughout the partnership. It works diligently with management to identify and address areas for improvement and growth opportunities, offering a broad range of resources and experience to support financial structuring, identification and execution of add-on acquisitions, strategic planning, product line and service expansion, personnel additions and succession planning, facility and geographic expansion, system improvements, and enhanced financial reporting and analysis. The firm relates well to private company entrepreneurs and management teams because it is accessible and knowledgeable about their local markets and understands the importance of maintaining the culture and legacy of their businesses.
Investment Focus
- Private, family-owned companies with revenues typically ranging from $15 million to $150 million and EBITDA between $3 million and $20 million
- Stable earnings history
- High gross and EBITDA margins
- High free cash flow
- Leading market positions with high barriers to entry
- Experienced management teams motivated to grow
Portfolio Companies
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Unlock full contacts →Frequently asked questions about Northern Lakes Capital
What sectors does Northern Lakes Capital invest in?
Northern Lakes Capital invests in Business Services, Consumer Products, Construction, Manufacturing, Industrial Services and Distribution, and is based in Minneapolis, United States. Northern Lakes Capital is listed as a private equity in the ConnectSafely investor database.
What stage does Northern Lakes Capital invest at?
Northern Lakes Capital backs companies at Growth and Buyout, writing cheques of 15M - 150M.
Which regions does Northern Lakes Capital invest in?
Northern Lakes Capital invests across United States and Canada.
Who are the partners at Northern Lakes Capital?
Team members listed for Northern Lakes Capital include Kelly Horner (CFO/CCO) and Kasey Sime (Partner).
What companies has Northern Lakes Capital invested in?
Northern Lakes Capital's portfolio includes Guardian Fire Services, G.L. Capasso and Independence Fire Sprinkler Company.
How do I contact Northern Lakes Capital?
Northern Lakes Capital's contact details — including phone and LinkedIn — are listed in the ConnectSafely investor database, along with its website and the LinkedIn profiles of its partners.
Last updated · Source: ConnectSafely investor database
