September 25, 2023

Milwaukee-based Borgman Capital expands with new Twin Cities workplace

Ben Axelrod. Submitted picture.

Milwaukee-based non-public fairness agency Borgman Capital is bolstering its presence within the Midwest with a brand new workplace within the Minneapolis-St. Paul space. Veteran mergers and acquisition advisor Ben Axelrod has been tapped to guide the brand new workplace.

“Borgman Capital is dedicated to the decrease center market, and we consider the higher Midwest, particularly Minnesota, the Dakotas and Iowa, proceed to be underserved. That makes the Twin Cities an optimum place to place down roots,” stated Sequoya Borgman, founder and chief govt officer of Borgman Capital. “We’re excited to welcome Ben to the staff and set up a presence in Minnesota. We have now labored with Ben beforehand on a number of transactions, together with one in all our earlier investments. His monitor document of serving business-owner entrepreneurs and households, and his dedication to the decrease center market, make him excellent for this function.”

Axelrod has greater than 20 years of economic advisory expertise. Previous to becoming a member of Borgman Capital, he was a managing director and group head of the funding banking observe at CLA. Axelrod launched CLA’s M&A advisory capabilities in 2014 to help and information house owners of privately-held companies in the course of the possession transition. Beforehand, Axelrod labored within the Minneapolis places of work of Lazard and RBC Capital Markets.

“Serving to enterprise house owners and their households understand the fruits of their onerous work has been a driving power for me for greater than 20 years. Alongside the best way, I’ve had the good fortune of working with some exceptional enterprise operators,” stated Axelrod. “I’m proud to have the ability to proceed to take action, now on the buy-side at Borgman Capital, and stay up for constructing upon the agency’s success right here within the Twin Cities.”

Based in 2017, Borgman Capital has accomplished 16 acquisitions to-date and launched an actual property observe in 2021. The agency’s portfolio at the moment contains seven companies throughout various industries together with telecommunications, manufacturing and meals. Borgman Capital invests in worthwhile and secure corporations with annual income between $10 to $100 million and EBITDA between $2 to $15 million.