Norwest Equity Partners
TOP 50 PE Winner
2023
Primary Address
80 South 8th St., Suite 3600 Minneapolis, Minnesota 55402
360 Rosemary Ave, Suite 1500 West Palm Beach, Florida 33401
Website
https://nep.com/
Phone Number
612-215-1676
Which best describes the firm?
Corporate-sponsored PE Group
Firm Inception
1961
Leadership
Tim DeVries – Managing Partner
Sundip Murthy – Partner
Tony Armand – Partner
Brian Allingham – Partner and Chief Operating Officer
Tim Kuehl – Partner
Todd Solow – Partner
Team Members
34
Firm Overview
NEP has been building industry leaders for more than 60 years. We believe in opportunity, job, and value creation and invest in businesses that share these beliefs.
We’ve steadily grown along with our companies through many market cycles. We’ve stayed true to our mission and values. Today, we put our earned experience and expertise to work for them. NEP invests in, builds, and nurtures great companies the right way.
We identify superior opportunities and create sustainable value for our stakeholders by investing capital and building businesses that strengthen the economy and their communities. We share this mission with our portfolio companies.
We apply important non-financial factors to our everyday decision-making and practices. From mitigating risk to identifying growth opportunities for our partners, our environmental, social, and governance commitment is at the heart of our investment approach, the companies and people with whom we work, and everything we do.
Our collaborative approach and respect for each company’s vision sets us apart from other sources of capital. We are long-term investors, focusing on supporting strategy, scaling the business, and performance. For many of our portfolio companies, NEP is the first outside investor. We take that responsibility seriously and play a key role in making companies the best they can be.
Our investment sweet spot is: The $50 MM – $250 MM range of equity investments, $10 MM+ preferred EBITDA minimum, and typical transaction size of $50 MM – $500 MM.
Why do prospects want to do business with the firm?
To help accomplish our mission of long-term growth, NEP places great emphasis on leveraging functional and industry advisors when and where applicable. The firm’s dedicated advisory team of veteran executives help drive growth, performance and operational excellence across our family of portfolio companies. This includes strategic and financial planning; acquisition integration; supply chain and operational excellence; organization and leadership development; talent acquisition and HR; pricing and go-to market strategy; industry expertise and network; legal and compliance.
Why do intermediaries present opportunities and want to conduct transactions with the firm?
NEP attracts partners and companies because of its reputation for a long-term investment focus, our track record of more than 60 years in the industry, our extensive network (which we leverage to our companies’ advantage), and our credibility – our portfolio company leaders are the greatest source of referrals. Also, our strong presence in Midwest and our Midwestern approach to working side-by-side with company founders and leaders, and our growing new presence in the active Southeast US market. NEP is known for working effectively with founder, family and entrepreneur-led businesses, helping to nurture them to further grow their businesses.
Contact
80 South 8th St., Suite 3600 Minneapolis, Minnesota 55402
360 Rosemary Ave, Suite 1500 West Palm Beach, Florida 33401
Call 612-215-1676 | Visit nep.com