Investment Summary

Borgman Capital, Tecum Capital and Midwest Growth Partners Invest In Gilman Cheese

On March 7, 2019, private equity firms Borgman Capital, Tecum Capital and Midwest Growth Partners invested in food company Gilman Cheese

Investment Highlights
  • This is Borgman Capital’s 1st, Tecum Capital’s 2nd and Midwest Growth Partners’ 1st transaction in the Food sector.
  • This is Borgman Capital’s 5th, Tecum Capital’s 56th and Midwest Growth Partners’ 2nd transaction in the United States.
  • This is Borgman Capital’s 4th, Tecum Capital’s 2nd and Midwest Growth Partners’ 1st transaction in Wisconsin.

Investment Summary

Date 2019-03-07
Target Gilman Cheese
Sector Food
Investor(s) Borgman Capital
Tecum Capital
Midwest Growth Partners
Deal Type Growth Capital

Target

Gilman Cheese

Gilman, Wisconsin, United States
Gilman Cheese is a manufacturer of shelf-stable processed cheese for the gift pack, retail, and airline industry as well as smoked cheese, both natural and processed. Gilman Cheese was founded in 1948 and is based in Gilman, Wisconsin.

Search 200,500 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Investor(S) 3

DESCRIPTION

Borgman Capital is a private investment firm focused on acquiring majority interests in established, lower middle-market companies valued less then $50 million. The Firm does not have any stated sector preferences but prefers profitable companies with management that wishes to remain in place. Borgman Capital was formed in 2017 and is headquartered in Milwaukee, Wisconsin.


DEAL STATS #
Overall 5 of 9
Sector (Food) 1 of 2
Type (Growth Capital) 1 of 1
State (Wisconsin) 4 of 7
Country (United States) 5 of 9
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-14 Solution Dynamics

Brookfield, Wisconsin, United States

Solution Dynamics is a distributor of warehouse, storage, and industrial equipment. Products include a full range of materials handling equipment. Solution Dynamics offers low prices on top quality products from quality manufacturers, excellent customer service, and total customer satisfaction. They represent over 100 suppliers and offer a broad range of products including ergonomic equipment, conveyor systems, stackers, drum handling equipment, lifting systems and hoist/cranes, as well as a complete line of material handling equipment. Solution Dynamics is based in Brookfield, Wisconsin.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-18 Aerial Work Platforms

Sussex, Wisconsin, United States

Aerial Work Platforms specializes in renting, selling, and servicing aerial lift equipment with a strong reputation for providing high-quality equipment and outstanding customer service. Aerial Work Platforms was founded in 1979 and is based in Sussex, Wisconsin.

Buy -
Investor

Tecum Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 750M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Tecum Capital is a private equity firm focused on lower middle-market companies across the Eastern-US. Tecum will consider a variety of investment situations including leveraged buyouts, management buyouts, successions, strategic acquisitions, growth capital financings, and recapitalizations. Investment sizes range from $5 - $20 million. Industries of interest include manufacturing, plastics, specialty distribution, technology, healthcare services, defense, food, and business/consumer services. Tecum will not consider investments in start-ups or real estate. Tecum Capital was formed in 2005 and is based in Wexford, Pennsylvania.


DEAL STATS #
Overall 56 of 82
Sector (Food) 2 of 3
Type (Growth Capital) 14 of 28
State (Wisconsin) 2 of 2
Country (United States) 56 of 82
Year (2019) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-13 Phoenix Physical Therapy

Cranberry Township, Pennsylvania, United States

Phoenix Physical Therapy is a provider of physical and occupational therapy services throughout Pennsylvania, including sports rehabilitation, orthopedic rehabilitation, home health physical therapy, and occupational health services. Phoenix Physical Therapy was founded in 1997 and is based in Cranberry Township, Pennsylvania.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-10 National Power

Raleigh, North Carolina, United States

National Power is a provider of highly engineered electrical applications and backup power for critical infrastructure within the telecom, wireless, and commercial infrastructure applications. National Power was founded in 1985 and is based in Raleigh, North Carolina.

Buy -
Investor
DESCRIPTION

Midwest Growth Partners is a private equity firm focused on investing in established, growing businesses throughout rural areas across the country. The Firm targets businesses operating in the food, agriculture, manufacturing, and distribution sectors with $4 to $100 million in revenue. Midwest Growth Partners provides a variety of debt and equity capital and seeks to commit $500k to $10 million per investment. Midwest Growth Partners was formed in 2013 and is headquartered in Des Moines, Iowa.


DEAL STATS #
Overall 2 of 15
Sector (Food) 1 of 4
Type (Growth Capital) 2 of 7
State (Wisconsin) 1 of 2
Country (United States) 2 of 15
Year (2019) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-08 Van Becelaere Machine Works

Pittsburg, Kansas, United States

Van Becelaere Machine Works provides machined components and small assemblies that exceeds our customers’ requirements for quality and on-time delivery. Van Becelaere Machine Works was founded in 1966 and is based in Pittsburg, Kansas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-07 Jackrabbit

Ripon, California, United States

Jackrabbit is a manufacturer of harvesting machines that are now standard in the nut farming industry. Jackrabbit’s machines are stapled products in almond, walnut, and pecan harvesting, while Dakota’s self-propelled pruning towers and laser cutting and forming services expand its reach into crop industries, including cherries and avocados. Jackrabbit was founded in 1981 and is based in Ripon, California.

Buy -