Investment Summary

Granite Partners and Nelson Global Products Invest In GeoComm

On May 20, 2013, private equity firm Granite Partners and Nelson Global Products invested in software company GeoComm

Investment Highlights
  • This is Granite Partners’ 1st and Nelson Global Products’ 1st transaction in the Software sector.
  • This is Granite Partners’ 11th and Nelson Global Products’ 3rd transaction in the United States.
  • This is Granite Partners’ 9th and Nelson Global Products’ 2nd transaction in Minnesota.

Investment Summary

Date 2013-05-20
Target GeoComm
Sector Software
Investor(s) Granite Partners
Nelson Global Products
Deal Type Stake Purchase
Advisor(s) Cherry Tree Companies LLC (Financial)

Target

GeoComm

St. Cloud, Minnesota, United States
GeoComm is a provides software to trace geographic information and communication systems to 911 emergency call centers across the United States, with a mission of keeping people safe. GeoComm was founded in 1995 and is based in St. Cloud, Minnesota.

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Investor(S) 2

Investor

Granite Partners

St. Cloud, Minnesota, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2002
Size Small
Type Sector Agnostic
DESCRIPTION

Granite Equity Partners is a private equity firm that invests in established companies headquartered in the upper Midwest, with a preference for Minnesota based opportunities. Granite looks for businesses in a wide range of industries and targets management buyouts, recapitalizations, and growth capital financing transactions. Prospective companies generally have revenues between $10 to $100 million and EBITDA between $1 to $5 million. Granite Equity Partners was formed in 2002 and is based in St. Cloud, Minnesota with additional office in Northfield, Minnesota.


DEAL STATS #
Overall 11 of 13
Sector (Software) 1 of 1
Type (Stake Purchase) 1 of 2
State (Minnesota) 9 of 11
Country (United States) 11 of 13
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-12 Hoonuit

Minneapolis, Minnesota, United States

Hoonuit LLC provides educators with the tools needed to make informed, impactful action. Through solutions that provide intuitive analytics and personalized professional development, Hoonuit fuels teacher, staff and student success. Hoonuit LLC was founded in 2000 and is based in Minneapolis, Minnesota.

Sell $19M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-09 WebEquity Solutions

Omaha, Nebraska, United States

WebEquity Solutions LLC is a provider of on-demand lending software solutions.

Sell -
Investor

Nelson Global Products

Stoughton, Wisconsin, United States

Category Company
Founded 1939
Sector Automotive
DESCRIPTION

Nelson Global Products is a designer, manufacturer, and marketer of fabricated high performance OEM and aftermarket products for the global commercial vehicle, on-highway and off-highway markets and the outdoor recreational vehicle and power sports markets. Nelson Global Products was founded in 1939 and is based in Stoughton, Wisconsin.


DEAL STATS #
Overall 3 of 7
Sector (Software) 1 of 1
Type (Stake Purchase) 1 of 1
State (Minnesota) 2 of 2
Country (United States) 3 of 6
Year (2013) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-01 Water Works Manufacturing

Cambridge, Minnesota, United States

Water Works is a provider of advanced metal forming solutions that have allowed the Company to become a major supplier to blue chip customers in the power-sports & infrastructure related industries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-18 GT Exhaust

Lincoln, Nebraska, United States

GT Exhaust, Inc. is a manufacturer of stationary diesel engine silencers necessary for compliance with local noise and emission control ordinances. Common applications for stationary diesel engines include auxiliary power generation, fluid pumping, and natural gas compression.

Buy -