Private Equity for Business Owners Thinking About What Comes Next
Borgman Capital partners with owners of established businesses who are considering growth, liquidity, succession or retirement. We also invest in commercial real estate, including sale leasebacks and properties tied to business transitions.
2017
FOUNDED
8
PLATFORM
COMPANIES
22
COMPANY
ACQUISITIONS
13
REAL ESTATE
INVESTMENTS
5
REALIZED
INVESTMENTS*
As of 3Q26
*Operating companies and real estate combined
About Borgman Capital
Borgman Capital is a private equity firm headquartered in Milwaukee, Wisconsin. We invest in and help grow established lower middle market businesses across the United States, with a focus on the Midwest. We also invest in commercial real estate, both independently and alongside business acquisitions.
For Business Owners
There is more than one way to transition a business
You may want to keep growing, take some money off the table, identify a successor, step back over time or retire completely. The right path depends on what matters to you, your people and the business you have built.
Our first step is understanding those priorities. From there, we can discuss what a partnership could look like, including situations where the company’s real estate is part of the transition.
Our Companies
We invest in profitable lower middle market companies, typically with $10 million to $100 million in annual revenue, strong customer relationships and a meaningful position in their markets.
We partner with owners and management teams navigating an ownership transition, pursuing growth or preparing for the next generation of leadership.
Established businesses ready for their next stage
Real Estate
Real estate solutions shaped by operating experience
Borgman Capital invests in commercial real estate both independently and alongside business transitions. Our operating-company experience helps us evaluate how a property supports the business within it, not simply the real estate on its own.
We work with business owners, property owners and developers on sale leasebacks, acquisitions and expansion projects.
Our Track Record
Success Stories
Pat Barney chose Borgman Capital as successor of his 41-year old business, Aerial Work Platforms (AWP), and associated real estate. AWP’s continued growth was driven by strategic equipment purchases, diversifying product offerings, and expanding market share.
Working with Borgman Capital
"I sold my business to Borgman Capital based on one big word - trust. While other potential buyers talked of trust, Borgman Capital put it into practice and the further I got into the transaction the more I knew I had made the right decision."
"After nearly a decade of building our business from the ground up, having a respected private equity firm like Borgman Capital recognize our potential and partner with us is a huge moment in our journey as entrepreneurs."
"We weren’t just looking for a buyer - we were looking for the right partner. Our employees have given so much to this company, and we felt a deep responsibility to get this transition right."
Understanding Private Equity Partnerships
Resources for Business Owners
and Property Owners
Private Equity
Private Equity Demystified: How to Sell Your Business to the Right Buyer
Considering private equity? Know what to look for in the right buyer.
Real Estate
Sale Leaseback Explained: Benefits for Business Owners
Not ready to sell the business? Your real estate could provide another path to liquidity.
Culture & Legacy
Buying Family Businesses Without Losing Their Culture
New ownership does not have to mean changing what already works.
Start a Conversation
Have an opportunity to share, a question about private equity or an interest in working together?
We’d like to hear from you.