PORTFOLIO
We’re in the Business of Growing Businesses
This industry demands our steadfast focus, calculated strategies, and unwavering commitment to our partners. We put our industry expertise and results-driven mindset to good use to grow each of our companies. We build unique strategies for each individual business, because there is no one-size-fits-all approach to growth.
Current Investments
Gilman Cheese Corporation
Gilman Cheese Corporation is a leading developer, manufacturer and private labeler of premium, high-quality, clean label, processed cheeses. The company’s products are as close to natural cheese as a processed cheese can be, but are pasteurized and blended to achieve a product with a longer shelf-life and performance that goes beyond the capabilities of natural cheese. The company is the largest employer in the Village of Gilman, Wisconsin with 180+ employees.
Dairyfood USA
Dairyfood USA is a specialty processor of extended shelf-life cheese products including smoked links and loaves, snack wedges, portion-control cups, dips and spreads, cut bars, and non-dairy products. Additionally, it is the largest supplier of smoked Gouda in the United States. Products are sold private label as well as under house brand names such as Glacier Ridge Farms™, Queso de Casa™ and Sonoma Jacks. Customers include retail, foodservice, transportation and airlines, and gift pack suppliers. The company is based in Blue Mounds, Wisconsin.
AscendTek
AscendTek is the parent operating company for the regional operations that provide project management and execution services to maintain, service, and construct telecommunications infrastructure. AscendTek delivers the quality and safety of a regional cell tower construction contractor with the added strength, flexibility, and value of a major industry player serving an expansive geography.
SRU Electric, Inc.
Established in 2005, SRU Electric is a leading full-service contractor that provides all levels of management, logistics, labor, and specialized services for communications infrastructure industries. SRU Electric, Inc. primarily focuses on raw land, line and antenna work, and vendor management projects. SRU Electric’s mission is to provide their customers with the highest quality construction in the industry.
SatTel Broadband, Inc.
Established in 1983, SatTel Broadband brings over 20 years of experience working as a leading full-service construction manager for telecommunications infrastructure projects primarily on the West Coast.
Skinner & Cook
Skinner & Cook is a pioneer in wireless communication since installing the first television broadcast antenna atop the Empire State Building in 1938. In the mid 1990’s, they evolved to exclusively cell tower construction with special focuses on: monopole, guyed towers, latticed towers, small cell tower, roof top, stealth tower, technology installation, and upgrades.
Virginia Tower Construction
Based in the Town of Gordonsville, Virginia Tower Construction has dedicated more than 30 years to providing services for the erection of cell towers and installation, upgrade, and maintenance of associated technology infrastructure.
Communication Builders, Inc.
Communication Builders, Inc. (CBI) has delivered telecommunication services since 1998 for a broad range of customers including wireless carriers, broadcasters, local municipalities, public works, and more. Borgman Capital acquired these organizations and added them to AscendTek so they can further their capabilities and services.
Sky Telecom, Inc.
Based outside of Atlanta, Sky Telecom, Inc. provides project management and execution services for the erection of cell towers, civil construction, antenna deployment, technology upgrades, and related services across the South Atlantic region.
Southeastern Meats
Established in 1984, Southeastern Meats is known for quality, service, and value. The company produces and distributes the finest frozen meats, vegetables, sandwiches and bakery products with a portfolio of 130 SKUs. Southeastern Meats’ customers include supermarket and convenience store chains, and specialty stores primarily in the southeastern United States.
Durex Products, Inc.
Headquartered in Luck, Wis., Durex Products manufactures a variety of replacement parts for mineral processing equipment including screen media (metal wire and urethane options), liners and other wear components. Durex’s products can primarily be found in the vibrating screener component of mineral processing rigs used at quarries. Durex primarily services the aggregate (sand, gravel, fine rock) and hard rock mining (crushed rock, cement) industries, selling products through a network of dealers.
K.G. Stevens
K.G. Stevens is Wisconsin’s largest wholesale fabricator and installer of quartz, natural stone, solid surface, ultra-compact, sintered and porcelain countertops. Additionally, the company offers pre-built and ready to install cabinetry and luxury appliances including Kohler products. K.G. Stevens products are sold to commercial and residential markets via builders, contractors and architects, as well as direct-to-consumer via its showroom, website and membership club partners such as Costco.
Minnesota Tile and Stone
Founded in 1930 in Minneapolis, Minnesota Tile and Stone (MTS) has grown to become the premier tile and solid surface provider in the greater Twin Cities. MTS sells a unique selection of specialized products, including tile, custom fabricated natural stone and porcelain countertops, brick, and fireplaces to residential and commercial customers. MTS has five showroom locations located in Lakeville, Minneapolis, Minnetonka, Plymouth and Woodbury, Minn.
Technical Products, Inc.
Founded in 1955, Technical Products, Inc. (TPI) fulfills an integral role as intermediary between chemical suppliers and manufacturers of a broad variety of products. The solvent, oil and chemical lines carried by TPI have a wide variety of end-use applications such as plastics, rubbers, fabrics, adhesives, lubricants, paints and coatings, and cleaning products. Products distributed by TPI can also be found in electric vehicle batteries, fuel additives to reduce emissions, and agricultural products. The company currently serves customers in a 175-mile radius across Ohio, Pennsylvania, Indiana, and Michigan.
Buck Bone Organics
Based in Bozeman, Montana, Buck Bone supplies four sizes of antler chews, as well as biscuits, dental sticks, jerky bites, yak chews, antler powder, and other toys made from the antlers that deer, elk and moose naturally shed every year. Buck Bone focuses on sourcing premium, U.S. Grade-A antler, which has spent the least amount of time exposed to the elements and is better preserved, higher quality and more nutritious for dogs. Buck Bone was founded in 2015 by Jackie, Shane and Mark Steigleman combining a passion for dogs, commitment to their health, and care for the environment.
Realized Investments
Material Handling Holdings
Material Handling Holdings offers ergonomic material handling equipment including lift tables, lift carts, upenders, electric carts, stackers, pallet trucks, skid lifters, work positioners, and custom designed equipment. The company strives to make workplaces safer and more efficient by removing potentials for injury and bottlenecks in processes. MHH is based in Waukesha, Wisconsin with manufacturing operations in Waupun, Wisconsin.
Invested June 2018 | Exited August 2023
Aerial Work Platforms, Inc.
Founded in 1979, AWP is a Wisconsin-based company specializing in renting, selling, and servicing aerial lift equipment with a strong reputation for providing high quality equipment and outstanding customer service.
With over 60 SKUs and 1,600 pieces of equipment, the company provides a wide range of lifts, booms, and related equipment to support the needs of contractors and other customers. AWP was the first authorized Genie dealer in Wisconsin and is also a dealer for Skyjack, JLG, Hy-Brid, and Nifty-Lift.
Invested December 2020 | Exited December 2023
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