Office Locations:

118 3rd Ave SE, Suite 630
Cedar Rapids, IA 52401
Phone: 319-247-1072
Fax: 319-363-9519



  • Expansion
  • Middle Market



  • Communications & Networking
  • Information Technology
  • Manufacturing & Industrial
  • Medical Device
  • Software & Internet



    AAVIN is a Midwestern based private equity firm, investing in high-growth opportunities, management buyouts and certain recapitalization transactions. AAVIN partners with strong management teams seeking to build businesses through internal growth or acquisitions. The firm invests primarily in late-stage and expansion-stage financings. The firm's focus is on smaller investment opportunities - companies seeking less than $10 million, with most requesting less than $5 million. AAVIN seeks investments of up to $3 million per portfolio company with initial rounds of investment targeted at between $1.0 and $2 million, holding investments for a period of 3 to 7 years. AAVIN's activities are concentrated in the Middle America region of the United States. AAVIN invests in a wide range of industries including medical services & devices, telecommunications, manufacturing & distribution, industrial products & services, and computer & software.

    Investment Firm Key

       VC = Venture Capital
       PE = Private Equity
       A = Angel
       I = Incubator
       MB = Merchant Bank
       VD = Venture Debt
       FI = Family Investment Office
       FOF = Fund of Funds
       ED = Economic Development Office   
       TT = Technology Transfer Office
       CVC = Corporate Venture Capital
       SEC = Secondary Purchaser
       HF = Hedge Fund/Mutual Fund
    Venture Capital
    Seed Stage
    (includes "pre-seed," or
    concept stage)
    No Revenue
    Early StageMinimal
    Growth Stage
    (also called Mid-stage)
    Expansion Stage
    (also called Late-stage)
    $7M and greater
    Private Equity
    Lower Middle Market$10M-$249M
    Middle Market$250M-$499M
    Upper Middle Market$500M-$1B
    Large Cap>$1B

    Investment Team:

    Name   Title
    Get the complete investment team + individual email addresses for investment team partners. Get personal images, LinkedIn links, investment specialties, office locations and more with a National Database subscription.
    Eric M. Hender Senior Partner
    James D. Thorp Managing Partner
    Kirk E. Kaalberg Senior Partner
    Paul D. Rhines Senior Partner
    Thies O. Kolln Partner


    Portfolio companies include:

      America's PowerSports
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      Dakota Services
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      Dialysis Systems
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      Diversified Graphics
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      Dynamic Broadband
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      Hackett Precision
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      Metalforming Controls
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      PMT Industries
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      Spinal Designs International
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