April 19, 2014 6:43 AM ET

Capital Markets

Company Overview of Norwest Equity Partners

Company Overview

Norwest Equity Partners is a private equity and venture capital firm specializing in later stage, management buyouts, recapitalizations, mezzanine, and growth financings in middle market companies. It seeks to invest in the industrial, industrial services, agricultural services and products; business services; outsourced business services; consumer products and services and products including agribusiness, education, food and beverages, health and wellness, packaging and distribution, sporting and tactical products; healthcare including healthcare products and medical devices, specialty distribution, healthcare IT; manufacturing and diversified industrials; applied technology including servi...

80 South 8th Street

Suite 3600

Minneapolis, MN 55402

United States

Founded in 1961

Phone:

612-215-1600

Fax:

612-215-1601

Key Executives for Norwest Equity Partners

Chief Executive Officer
Chairman
Age: 68
Vice President of Finance and Administration
Director of Technology and Operations
Operating Partner
Compensation as of Fiscal Year 2013.

Norwest Equity Partners Key Developments

Nicole Strait Joins Norwest Equity Partners as Chief of Organization Strategy

Norwest Equity Partners (NEP) announced that Nicole Strait has joined its staff as Chief of Organization Strategy. In this role, Strait will be responsible for designing and building the firm's organization strategy and capabilities needed to execute its operations as a leading middle market equity investor. In addition to her role internally at NEP, she will serve as a senior advisory resource for NEP portfolio management teams, human resource teams, and Board of Managers providing organization strategy and design, coaching support, and human resource (HR) functional best practices. With more than 20 years of HR career experience, Strait has served as a key member of senior leadership teams providing a breadth of HR advisory services, including business process development, acquisition integration, organization effectiveness, compensation design, talent strategy, change management, recruiting, leadership coaching and team development. Prior to joining NEP in 2014, Strait was a founding partner at River Rock Partners.

Norwest Equity Partners Presents at 27th Annual Minnesota Venture & Finance Conference, Oct-10-2013 03:20 PM

Norwest Equity Partners Presents at 27th Annual Minnesota Venture & Finance Conference, Oct-10-2013 03:20 PM. Venue: Minnepolis Convention Center, Minnepolis, Minnesota, United States. Speakers: Todd J. Solow, Partner.

Norwest Equity Partners Announces Stuart Schoenmann as Newest Operating Partner

Norwest Equity Partners has hired Stuart Schoenmann to join its team as an operating partner. Schoenmann, a high-tech manufacturing and applied technology industry veteran, will help NEP evaluate and execute new investment opportunities. He will also play an active role in strategic planning, business growth and corporate governance for NEP portfolio companies. Schoenmann brings more than 25 years of high-tech manufacturing, applied technology, and diversified industrial expertise and 12 years of CEO and COO leadership experience to the company. Prior to joining the company, Schoenmann served as CEO of CVI Melles Griot (CVI or the company). The company partnered with Schoenmann as CEO and John Hale, another NEP operating partner, to build CVI into a leader within the photonics industry, transitioning the company into a diversified photonics supplier, aggressively expanding its product offerings, and completing four add-on acquisitions. In addition to establishing manufacturing operations in eight countries on three continents, shareholder value was also increased through a variety of channels, including new product and market development, operating initiatives, and a growth strategy focused on technology--driven capabilities. NEP sold CVI to IDEX Corporation in June 2011 for $400 million. Prior to his time at CVI, Schoenmann earned additional career experience through integral leadership roles at other applied technology companies, including Raytek Corporation, PerkinElmer, Corning, and Rockwell International. His experience also includes implementing aggressive growth strategies, including companies from $10 million to $200 million in sales.

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