BNET Industries
Last Fiscal Year Sales:$150.0M
- Private
- US
Dow Jones Description
A solid reputation is built on a foundation of knowledge, experience, and results. At NEP, we stake our reputation on our ability to help you achieve your objectives.
Chief Executive Officer
John LindahlNumber of Employees 20
Contact Information
80 S 8th St Ste 3600
Minneapolis, Minnesota 55402-2213
(612) 215-1600
Peer Companies
NAICS Code Portfolio Management: 523920
News & Analysis
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norwest equity partners - All News and Analysis
Norwest Equity Partners Announces Senior Level Promotions
Todd Solow to Partner; Tom Schauerman and Andrew Cantwell to Principal MINNEAPOLIS -- Norwest Equity Partners NEP, a premier private equity investment firm focused on middle market investments, is pleased to announce the senior-level promotions of Todd Solow to Partner; and Tom Schauerman and Andrew Cantwell to Principal. ...
Norwest Equity Partners Acquires Shock Doctor™
Sports Protection Products Leader Well-Poised for Continued Growth MINNEAPOLIS -- Norwest Equity Partners ("NEP"), a private equity firm focused on investments in growing and profitable middle market companies, today announced that it has acquired Shock Doctor, Inc. ("Shock Doctor[TM]" or the "Company"), a leading branded consumer products company focused...
Norwest Equity Partners Invests in Pangaea Asset Management
Investment to Fuel Growth and Expansion for Leading Asset Manager MINNEAPOLIS -- Norwest Equity Partners ("NEP"), a leading private equity firm focused on equity investments in growing and profitable middle market companies, today announced that it has made a significant investment in Pangaea Asset Management ("Pangaea" or the "Company"),...
Norwest Equity Partners' CVI Melles Griot Acquires Coherent Subsidiary
Coherent Imaging Optics Adds Thermal Imaging to CVI Melles Griot Product Offering MINNEAPOLIS -- Norwest Equity Partners ("NEP") and the management team of its portfolio company CVI Melles Griot, a leading global supplier of photonics products including optical components and systems, lasers, motion-control systems, laser measurement instrumentation and opto-mechanical...
Norwest Equity Partners' CVI Laser Completes Acquisition of Melles Griot
Optical Components Manufacturer Expands Globally With Third Acquisition MINNEAPOLIS -- Norwest Equity Partners ("NEP"), a leading private equity firm focused on equity investments in growing and profitable middle market companies, and the management team of its portfolio company, CVI Laser, LLC ("CVI" or the "Company"), today announced that they...
Norwest Equity Partners Exits Carson Industries Investment
Leading Plastics Enclosures Products Company Acquired by CRH plc Division MINNEAPOLIS -- Norwest Equity Partners ("NEP") and the management team of its portfolio company, Carson Industries LLC ("Carson" or the "Company"), today announced that they have completed the sale of Carson to Oldcastle Precast, Inc. ("Oldcastle"), a division of...
Norwest Equity Partners Names New CEO at PeopleNet Communications
MINNEAPOLIS -- Norwest Equity Partners ("NEP"), a leading private equity firm focused on equity investments in growing and profitable middle market companies, and the Board of Directors of its portfolio company PeopleNet Communications ("PeopleNet" or the "Company"), today announced that Ron Konezny has been promoted and named Chief Executive Officer,...
Norwest Equity Partners to Sell Jacobson Companies to Oak Hill Capital Partners
Third-Party Logistics Provider Realizes Tripled Profitability and Revenues Under NEP Ownership MINNEAPOLIS -- Norwest Equity Partners ("NEP"), a leading private equity firm focused on equity investments in growing and profitable middle market companies, announced today that it has reached a definitive agreement to sell Jacobson Companies ("Jacobson" or "the...
Norwest Equity Partners Invests in Neff Corp
Neff leads within the rapidly consolidating equipment rental and leasing industry MINNEAPOLIS -- Norwest Equity Partners ("NEP"), a leading private equity firm focused on middle market company investments, announced today its investment in Neff Corp. ("Neff" or "the Company"), a market leader in the construction equipment rental industry. The...
Norwest Equity Partners Completes Dividend Recap of Imperial Supplies
Continued Growth Drives Second Recap of Portfolio Company in 23 Months MINNEAPOLIS -- Private equity firm Norwest Equity Partners ("NEP") announced today the completion of a second recapitalization of Imperial Supplies LLC ("Imperial" or "the Company"), a leading distributor of maintenance products to fleet and related industries. The proceeds...
Decision Makers
| Name (plus bio) | Position |
|---|---|
| John Lindahl | Chief Executive Officer |
| John Whaley | Managing Prtnr CFO |
| Bruce Lohn | Operating Partner |
| Dan W. Gladney | Operating Partner |
| Jeffrey Greiner | Operating Partner |
| John Hale | Operating Partner |
| John Thomson | General Partner |
| Kevin Somerville | Operating Partner |
| Steve Sefton | Partner |
| Timothy DeVries | Managing General Partner |
| Timothy Kuehl | Partner |
| Todd Solow | Partner |
| Andrew Platt | Director, Business Dev |
| Heather Goodwin | Marketing Director |
| Darren Herz | Assistant Controller |
| Andrew Cantwell | Principal |
| Anthony J. Richmond | |
| Becker Underwood | Pangaea Asset Management, Shock Doctor, Wealth Enhancement Group |
| Jason T. Brass | |
| Justin Benshoof | |
| Justin Hu | |
| Thomas Schauerman | Principal |
| Brian Allingham | Director |
| Jason Sondell | Director |
| Michael Healy | Director |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Erik Torgerson | Nep General Partner and Imperial Board Member |
| Organization | Position | Status |
|---|---|---|
| Norwest Equity Partners | Chief Executive Officer | Current |
| Norwest Equity Partners | Nep Managing General Partner | Former |
| Organization | Position | Status |
|---|---|---|
| Norwest Equity Partners | Managing Prtnr CFO | Current |
| Norwest Equity Partners | Finance Executive | Former |
Bruce brings a wealth of strategy, business development and entrepreneurial experience to NEP. With his qualifications ranging from corporate and strategic alliances to mergers and acquisitions to restructurings and new company start-ups, Bruce helps NEP analyze and close new investment opportunities and add-on acquisitions within the distribution and logistics industry sectors. He is also active in strategic planning, business growth and corporate governance.
| Organization | Position | Status |
|---|---|---|
| Norwest Equity Partners | Operating Partner | Current |
| Organization | Position | Status |
|---|---|---|
| Compex Sa | President and Chief Executive Officer | Current |
| Norwest Equity Partners | Operating Partner | Current |
| Norwest Equity Partners | Joins Norwest Equity Partners as Healthcare, Focused Operating Partner | Current |
| Incisive Surgical, Inc. | Chairman of Heartleaflet Technologies | Current |
| Acist Medical Systems, Inc. | CEO | Former |
| Compex Technologies, Inc. | Chairman and Chief Executive Officer | Former |
| Acist Medical Systems, Inc. | President | Former |
| The Kendall Company | Former | |
| Pepperdine University | MBA | Former |
| Eastern Michigan University | Bachelor of Business Administration Degree | Former |
| Organization | Position | Status |
|---|---|---|
| Norwest Equity Partners | Operating Partner | Current |
| Norwest Equity Partners | Joins Norwest Equity Partners as Deal Sourcing Operating Partner | Current |
| Organization | Position | Status |
|---|---|---|
| Norwest Equity Partners | Operating Partner | Current |
| Organization | Position | Status |
|---|---|---|
| Norwest Equity Partners | General Partner | Current |
| Deep Rock Water Company | Board of Directors | Current |
| Jacobson Companies | Board of Directors | Current |
| Neff Rental Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Norwest Equity Partners | Operating Partner | Current |
| Success Profiles, Inc. | Founder | Former |
| Organization | Position | Status |
|---|---|---|
| Clearwater Equity Group, Inc | President | Current |
| Norwest Equity Partners | Partner | Current |
| Life Time Fitness Corporate Wellness | Director | Current |
| Apfed | Board of Directors | Current |
| Life Time Fitness Corporate Wellness | Committee Member | Current |
| Clearwater Equity Group, Inc | Founder | Former |
| Equity Research Corp | Former |
| Organization | Position | Status |
|---|---|---|
| Norwest Equity Partners | Managing General Partner | Current |
| Organization | Position | Status |
|---|---|---|
| Norwest Equity Partners | Partner | Current |
| Norwesco, Inc. | Former | |
| Paladinbrands | Former | |
| Investment_Advisors | Former |
| Organization | Position | Status |
|---|---|---|
| Norwest Equity Partners | Partner | Current |
| Organization | Position | Status |
|---|---|---|
| Norwest Equity Partners | Director, Business Dev | Current |
| Matrix Associates, Inc. | Former |
| Organization | Position | Status |
|---|---|---|
| Norwest Equity Partners | Marketing Director | Current |
| Organization | Position | Status |
|---|---|---|
| Norwest Equity Partners | Assistant Controller | Current |
| Organization | Position | Status |
|---|---|---|
| Norwest Equity Partners | Principal | Current |
| Norwest Equity Partners | Director | Current |
| ABN AMRO Incorporated | Vice President | Former |
| Northwestern Investment Management Company, LLC | Former |
Tony Richmond is a partner in the firm's Silicon Valley office. He has significant experience in finance and securities matters involving public and private companies, as well as in mergers and acquisitions, tender offers and leveraged recapitalizations. Recent merger transactions include the acquisition of control of IMP, Inc. by TeamAsia Semiconductor of India, the sale of PictureWorks Technology to Internet Pictures Corporation and the acquisition of Metro-Optix, Inc. from Ericsson, Inc. Recent public offerings include initial public offerings by Sify Limited, Satyam Computer Services, Vicinity Corporation and Infosys Technologies Limited. Mr. Richmond also regularly represents institutional equity investors in a variety of assignments, and acts as outside general counsel for several public companies. Private equity representations include venture capital, advanced stage and buy-out and recapitalization financings sponsored by firms such as JPMorgan, Norwest Equity Partners and Broadview Capital. Mr. Richmond received a B.S. degree in finance and accounting from the Haas School of Business at the University of California at Berkeley in 1982, where he received the Departmental Citation as the top academic graduate in a class of approximately 240. He was employed for three years by a Big-4 public accounting firm as a senior accountant, with experience in audit and federal and state taxation. In 1988, Mr. Richmond received his J.D. from the Boalt Hall School of Law at the University of California at Berkeley, graduating in the top five percent of his class. He joined Latham & Watkins as an associate in November of 1988. Mr. Richmond is admitted to practice in California, where he is also licensed as a Certified Public Accountant.
| Organization | Position | Status |
|---|---|---|
| Latham & Watkins | Partner, Corporate Department | Current |
| Satyam Computer Services Ltd. | Current | |
| Norwest Equity Partners | Current | |
| Sify Limited | Current | |
| Infosys Technologies Limited | Current | |
| University of California, Berkeley, School of Law - Boalt Hall | J.D. | Former |
| Organization | Position | Status |
|---|---|---|
| Norwest Equity Partners | Pangaea Asset Management, Shock Doctor, Wealth Enhancement Group | Current |
| Norwest Equity Partners | Board of Directors | Current |
Jason joined Goldner Hawn in 2002 after spending two years with Minneapolis-based Norwest Equity Partners in its management and leveraged buyout group. Prior to that, Jason spent three years in the Corporate Development Group of Arthur Andersen LLP. Jason was promoted to Vice President at Goldner Hawn in 2005 and to Principal in 2007. Jason currently serves on the Advisory Board for Pouchtec Industries LLC, a food packaging company based in Foley, Minnesota. He is also active in an advisory role with the University of St. Thomas in St. Paul, Minnesota. He is a graduate of the University of St. Thomas and the University of Notre Dame Mendoza College of Business. While at Notre Dame, Jason's MBA studies included a period of study in London, England in conjunction with the London School of Economics.
| Organization | Position | Status |
|---|---|---|
| Goldner Hawn Johnson & Morrison Inc. | Vice President | Current |
| Goldner Hawn Johnson & Morrison Inc. | Principal | Current |
| Norwest Equity Partners | Current | |
| Houlihan's Restaurants, Inc. | Director | Current |
| Westlake Ace Hardware, Inc. | Director | Current |
| Arthur Andersen LLP | Corporate Development Group Member | Former |
| University of St. Thomas | graduate | Former |
| University of Notre Dame Mendoza College of Business | Former |
| Organization | Position | Status |
|---|---|---|
| Clearwater Equity Group, Inc | Analyst | Current |
| Norwest Equity Partners | Current | |
| Sherpa Partners, LLC | Analyst | Former |
| Jeffrey Slocum & Associates, Inc. | Former |
| Organization | Position | Status |
|---|---|---|
| Norwest Equity Partners | Current | |
| American Capital Strategies, Ltd. | Associate | Former |
| ABN AMRO Incorporated | Financial Analyst | Former |
| Lightpoint Capital Management LLC | Former |
| Organization | Position | Status |
|---|---|---|
| Norwest Equity Partners | Principal | Current |
| Norwest Equity Partners | Director | Current |
| Organization | Position | Status |
|---|---|---|
| Norwest Equity Partners | Director | Current |
Before joining NEP in 1993, Erik was at Arthur Andersen & Co. where he focused on merger and acquisition projects and management consulting services. His experience there included financial consulting and audit practice.
| Organization | Position | Status |
|---|---|---|
| Norwest Equity Partners | Nep General Partner and Imperial Board Member | Current |
| Organization | Position | Status |
|---|---|---|
| Norwest Equity Partners | Director | Current |
| Organization | Position | Status |
|---|---|---|
| Norwest Equity Partners | Director | Current |
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