Norwest Equity Partners Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, Norwest Equity Partners has acquired 6 companies. It has also invested in 2 others.

Norwest Equity Partners’ most common sectors for investment areconsumer products (19%) and information technology (8%) . The Firm’s most common investment types include secondary buyout (39%) and buyout (lbo, mbo, mbi) (26%). In total, Norwest Equity Partners has invested in 26 US states and 4 different countries. Its largest (disclosed) acquisition occurred in 2010 when it acquired Univar Solutions for $4.2B.

In the last 3 years, Norwest Equity Partners has exited 12 companies. The Firm’s most common exit type is secondary buyout (45%). Norwest Equity Partners’ largest (disclosed) exit occurred in 2012 when it sold Becker Underwood for $1.2B.

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M&A Summary

M&A Total Activity126
- M&A Buy Activity72
- M&A Sell Activity54
Total Sectors Invested 32
Total Countries Invested 4
M&A Buy/Sell Connections 45
M&A Advisors 15

Norwest Equity Partners

Norwest Capital Group, LP

Transaction Criteria	Min	Max
Target Revenue	-	-
Target EBITDA	10	-
Investment Size	50	250
Enterprise Value	50	500
values in millions of USD

Transaction Criteria

Min

Max

Target Revenue

Target EBITDA

Investment Size

250

Enterprise Value

500

values in millions of USD

Year	≤ '19	'20	'21	'22	'23	'24	T
Buy (1.8/yr)	#	63	2	3	1	2	1	72
vol	$7.3B						$7.3B
Sell (2.6/yr)	#	41	1	4	4	2	2	54
vol	$4.8B						$4.8B
	126

Year

≤ '19

'20

'21

'22

'23

'24

Buy (1.8/yr)

vol

$7.3B

Sell (2.6/yr)

vol

$4.8B

126

Company	Date	Value	Type
Bailiwick Services LLC	2024-08-20	-	Trade Sale
Chaska, Minnesota · www.bailiwick.com
Epko Industries, Inc.	2024-04-29	-	Secondary Buyout
Glendale Heights, Illinois · www.mdcwall.com
Surgical Information Systems LLC	2024-01-01	-	Secondary Sale
Alpharetta, Georgia · www.sisfirst.com
Shock Doctor, Inc.	2023-11-27	-	Secondary Buyout
Fountain Valley, California · www.unitedspb.com
Nationwide Organ Recovery Transport Alliance	2023-08-31	-	Growth Capital
Saint Charles, Illinois · www.noratrans.com
Bix Produce Co.	2023-06-26	-	Trade Sale
Little Canada, Minnesota · www.bixproduce.com
eyebobs LLC	2023-04-12	-	Trade Sale
Minneapolis, Minnesota · www.eyebobs.com
Five Star Business Finance Ltd.	2022-11-09	-	IPO
Chennai, India · www.fivestargroup.in
Pure Archery Group	2022-07-11	-	Secondary Sale
Eugene, Oregon · www.purearcherygroup.com
QTI Fibers	2022-07-01	-	Secondary Buyout
Dothan, Alabama · www.twitchellcorp.com
View All >>

Company

Date

Value

Type

Bailiwick Services LLC

2024-08-20

Trade Sale

Chaska, Minnesota · www.bailiwick.com

Epko Industries, Inc.

2024-04-29

Secondary Buyout

Glendale Heights, Illinois · www.mdcwall.com

Surgical Information Systems LLC

2024-01-01

Secondary Sale

Alpharetta, Georgia · www.sisfirst.com

Shock Doctor, Inc.

2023-11-27

Secondary Buyout

Fountain Valley, California · www.unitedspb.com

Nationwide Organ Recovery Transport Alliance

2023-08-31

Growth Capital

Saint Charles, Illinois · www.noratrans.com

Bix Produce Co.

2023-06-26

Trade Sale

Little Canada, Minnesota · www.bixproduce.com

eyebobs LLC

2023-04-12

Trade Sale

Minneapolis, Minnesota · www.eyebobs.com

Five Star Business Finance Ltd.

2022-11-09

IPO

Chennai, India · www.fivestargroup.in

Pure Archery Group

2022-07-11

Secondary Sale

Eugene, Oregon · www.purearcherygroup.com

QTI Fibers

2022-07-01

Secondary Buyout

Dothan, Alabama · www.twitchellcorp.com

View All >>

Sector	Current #	Value	All-time #	Value
Consumer Products	5 (24%)	-	14 (19%)	-
Information Technology	2 (10%)	-	6 (8%)	-
Distribution	-	-	4 (5%)	4.2B (57%)
Food	2 (10%)	-	4 (5%)	-
Retail	1 (5%)	-	4 (5%)	-
Software	-	-	3 (4%)	500M (7%)
Consumer Services	2 (10%)	-	3 (4%)	-
Manufacturing	1 (5%)	-	3 (4%)	-
Engineering	1 (5%)	-	2 (3%)	2.4B (32%)
Chemicals	-	-	2 (3%)	200M (3%)
Building Materials	1 (5%)	-	2 (3%)	-
Business Services	1 (5%)	-	2 (3%)	-
Communications	-	-	2 (3%)	-
Environmental	1 (5%)	-	2 (3%)	-
Financial Services	-	-	2 (3%)	-
Insurance	-	-	2 (3%)	-
Internet Software and Services	-	-	2 (3%)	-
Plastics	-	-	2 (3%)	-
Media	-	-	1 (1%)	80M (1%)
Aerospace	-	-	1 (1%)	-
Apparel/Textiles	1 (5%)	-	1 (1%)	-
Automotive	-	-	1 (1%)	-
Defense	-	-	1 (1%)	-
Education	1 (5%)	-	1 (1%)	-
Electrical Equipment	-	-	1 (1%)	-
Furniture	1 (5%)	-	1 (1%)	-
Healthcare Services	-	-	1 (1%)	-
Information Services	-	-	1 (1%)	-
Machinery	-	-	1 (1%)	-
Renewable Energy	-	-	1 (1%)	-
Test/Measurement Equipment	-	-	1 (1%)	-
Transportation	1 (5%)	-	1 (1%)	-
Total	21	-	75	$7.3B

Sector

Current #

Value

All-time #

Value

Consumer Products

5 (24%)

14 (19%)

Information Technology

2 (10%)

6 (8%)

Distribution

4 (5%)

4.2B (57%)

Food

2 (10%)

4 (5%)

Retail

1 (5%)

4 (5%)

Software

3 (4%)

500M (7%)

Consumer Services

2 (10%)

3 (4%)

Manufacturing

1 (5%)

3 (4%)

Engineering

1 (5%)

2 (3%)

2.4B (32%)

Chemicals

2 (3%)

200M (3%)

Building Materials

1 (5%)

2 (3%)

Business Services

1 (5%)

2 (3%)

Communications

2 (3%)

Environmental

1 (5%)

2 (3%)

Financial Services

2 (3%)

Insurance

2 (3%)

Internet Software and Services

2 (3%)

Plastics

2 (3%)

Media

1 (1%)

80M (1%)

Aerospace

1 (1%)

Apparel/Textiles

1 (5%)

1 (1%)

Automotive

1 (1%)

Defense

1 (1%)

Education

1 (5%)

1 (1%)

Electrical Equipment

1 (1%)

Furniture

1 (5%)

1 (1%)

Healthcare Services

1 (1%)

Information Services

1 (1%)

Machinery

1 (1%)

Renewable Energy

1 (1%)

Test/Measurement Equipment

1 (1%)

Transportation

1 (5%)

1 (1%)

Total

$7.3B

State/Country	Current #	Value	All-time #	Value
United States	20 (95%)	-	72 (96%)	5.0B (68%)
	Minnesota	2 (10%)	-	15 (20%)	-
	Illinois	3 (14%)	-	8 (11%)	4.2B (57%)
	California	1 (5%)	-	8 (11%)	580M (8%)
	Georgia	2 (10%)	-	6 (8%)	-
	Wisconsin	-	-	4 (5%)	-
	New York	2 (10%)	-	3 (4%)	-
	Texas	2 (10%)	-	2 (3%)	-
	New Jersey	1 (5%)	-	2 (3%)	-
	Massachusetts	1 (5%)	-	2 (3%)	-
	Iowa	-	-	2 (3%)	200M (3%)
	Florida	-	-	2 (3%)	-
	Oregon	-	-	2 (3%)	-
	Kentucky	-	-	2 (3%)	-
	Kansas	-	-	2 (3%)	-
	Connecticut	1 (5%)	-	1 (1%)	-
	Alabama	1 (5%)	-	1 (1%)	-
	Utah	1 (5%)	-	1 (1%)	-
	Tennessee	1 (5%)	-	1 (1%)	-
	Oklahoma	1 (5%)	-	1 (1%)	-
	Missouri	1 (5%)	-	1 (1%)	-
	Colorado	-	-	1 (1%)	-
	Virginia	-	-	1 (1%)	-
	South Dakota	-	-	1 (1%)	-
	Pennsylvania	-	-	1 (1%)	-
	North Carolina	-	-	1 (1%)	-
	Maryland	-	-	1 (1%)	-
Canada	1 (5%)	-	1 (1%)	-
	Ontario	1 (5%)	-	1 (1%)	-
France	-	-	1 (1%)	2.4B (32%)
India	-	-	1 (1%)	-
Domestic	20 (95%)	-	72 (96%)	5.0B (68%)
Cross-border	1 (5%)	-	3 (4%)	2.4B (32%)
Total	21	-	75	$7.3B

State/Country

Current #

Value

All-time #

Value

United States

20 (95%)

72 (96%)

5.0B (68%)

Minnesota

2 (10%)

15 (20%)

Illinois

3 (14%)

8 (11%)

4.2B (57%)

California

1 (5%)

8 (11%)

580M (8%)

Georgia

2 (10%)

6 (8%)

Wisconsin

4 (5%)

New York

2 (10%)

3 (4%)

Texas

2 (10%)

2 (3%)

New Jersey

1 (5%)

2 (3%)

Massachusetts

1 (5%)

2 (3%)

Iowa

2 (3%)

200M (3%)

Florida

2 (3%)

Oregon

2 (3%)

Kentucky

2 (3%)

Kansas

2 (3%)

Connecticut

1 (5%)

1 (1%)

Alabama

1 (5%)

1 (1%)

Utah

1 (5%)

1 (1%)

Tennessee

1 (5%)

1 (1%)

Oklahoma

1 (5%)

1 (1%)

Missouri

1 (5%)

1 (1%)

Colorado

1 (1%)

Virginia

1 (1%)

South Dakota

1 (1%)

Pennsylvania

1 (1%)

North Carolina

1 (1%)

Maryland

1 (1%)

Canada

1 (5%)

1 (1%)

Ontario

1 (5%)

1 (1%)

France

1 (1%)

2.4B (32%)

India

1 (1%)

Domestic

20 (95%)

72 (96%)

5.0B (68%)

Cross-border

1 (5%)

3 (4%)

2.4B (32%)

Total

$7.3B

Type	Current #	Value	All-time #	Value
Secondary Buyout	12 (57%)	-	29 (39%)	7.3B (99%)
Buyout (LBO, MBO, MBI)	3 (14%)	-	19 (25%)	-
Growth Capital	6 (29%)	-	16 (21%)	-
Divestiture	-	-	3 (4%)	-
Recapitalization	-	-	3 (4%)	-
Stake Purchase	-	-	2 (3%)	80M (1%)
Consolidation	-	-	1 (1%)	-
PIPE	-	-	1 (1%)	-
Venture	-	-	1 (1%)	-
Total	21	-	75	$7.3B

Type

Current #

Value

All-time #

Value

Secondary Buyout

12 (57%)

29 (39%)

7.3B (99%)

Buyout (LBO, MBO, MBI)

3 (14%)

19 (25%)

Growth Capital

6 (29%)

16 (21%)

Divestiture

3 (4%)

Recapitalization

3 (4%)

Stake Purchase

2 (3%)

80M (1%)

Consolidation

1 (1%)

PIPE

1 (1%)

Venture

1 (1%)

Total

$7.3B

Type	Total #	Value
Secondary Sale	24 (44%)	1.6B (33%)
Trade Sale - Public Company	12 (22%)	3.0B (63%)
Trade Sale	8 (15%)	216M (4%)
IPO	6 (11%)	-
Unknown	2 (4%)	-
Merger	1 (2%)	-
Sold to Management	1 (2%)	-
Total	54	$4.8B

Type

Total #

Value

Secondary Sale

24 (44%)

1.6B (33%)

Trade Sale - Public Company

12 (22%)

3.0B (63%)

Trade Sale

8 (15%)

216M (4%)

IPO

6 (11%)

Unknown

2 (4%)

Merger

1 (2%)

Sold to Management

1 (2%)

Total

$4.8B

Financial	Deals
Houlihan Lokey	4
Robert W. Baird & Co., Inc.	1
William Blair	1

Financial

Deals

Houlihan Lokey

Robert W. Baird & Co., Inc.

William Blair

Legal	Deals
Winston & Strawn	7
Skadden, Arps, Slate, Meagher & Flom	5
Jones Day	5

Legal

Deals

Winston & Strawn

Skadden, Arps, Slate, Meagher & Flom

Jones Day

buy	#	Total
> $1B	2	$6.6B
$100M to $1B	2	$700M
< $100M	1	$80M
TOTAL	$7.3B
Largest	Univar Solutions, Inc. $4.2B (2010-11-30)

buy

Total

> $1B

$6.6B

$100M to $1B

$700M

< $100M

$80M

TOTAL

$7.3B

Largest

Univar Solutions, Inc.
$4.2B (2010-11-30)

sell	#	Total
> $1B	2	$2.3B
$100M to $1B	10	$2.5B
< $100M	1	$24M
TOTAL	$4.8B
Largest	Becker Underwood, Inc. $1.2B (2012-11-28)

sell

Total

> $1B

$2.3B

$100M to $1B

$2.5B

< $100M

$24M

TOTAL

$4.8B

Largest

Becker Underwood, Inc.
$1.2B (2012-11-28)

		Deals
Acquired from
Investor(s)	40%	30 (40%)
Strategic(s)	3%	2 (3%)
Exited to
Investor(s)	44%	24 (44%)
Strategic(s)	39%	21 (39%)

Deals

Acquired from

Investor(s)

30 (40%)

Strategic(s)

2 (3%)

Exited to

Investor(s)

24 (44%)

Strategic(s)

21 (39%)

FAQ

When was Norwest Equity Partners founded?

Norwest Equity Partners was founded in 1961.

What type of investor is Norwest Equity Partners?

Norwest Equity Partners is a private equity firm.

Where is Norwest Equity Partners headquartered?

Norwest Equity Partners is headquartered in Minneapolis, Minnesota.

How much capital does Norwest Equity Partners have under management?

Norwest Equity Partners has 7.0B USD under management.

Norwest Equity Partners Mergers and Acquisitions Summary

Private Equity Firm Profile

M&A Summary