PE  Norwest Equity Partners

     Office Locations:

80 South 8th Street, Suite 3600
Minneapolis, MN 55402
Phone: 612-215-1600
Fax: 612-215-1601



  • Middle Market



  • Business Services
  • Consumer Products & Services
  • Energy & Clean Tech
  • Financial Services
  • Food & Agriculture
  • Information Technology
  • Life Sciences & Healthcare
  • Manufacturing & Industrial



    Founded 1961, Norwest Equity Partners (NEP) focuses on providing equity investments of $30-$150 million in growing and profitable companies through management buyouts, recapitalizations, and growth financings. NEP completes transactions of $50-$500 million in companies in the following industries: Agricultural services and products, business services, consumer services and products, distribution, energy, financial services, healthcare, manufacturing, plastics and packaging, proven technology, and transportation and logistics. With nearly $5.5 billion in capital under management, NEP seeks investment opportunities in profitable and growing middle market companies. NEP targets companies with >$10 million EBITDA for platform investments (add-ons of any size). NEP takes pride in its flexible investment charter, extensive resources, carefully tailored transactions and meaningful partnerships. NEP is currently investing NEP IX, a $1.2 billion fund. Wells Fargo & Co., has been the firm's major limited partner for more than 40 years. NEP also makes mezzanine investments through its affiliated partner, Norwest Mezzanine Partners (see profile). The firm has offices in Minnesota and New York.



      Fund Name



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    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.
    Andy Cantwell Principal
    Brian Allingham Administrative Partner
    Darren Herz Treasurer
    Jerry Lester VP of Finance & Administration
    John Lindahl Chairman


    Portfolio companies include:

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      Apothecary Products
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      Becker Underwood
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      Data & Contact Management
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      DCM Services
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      Gopher Resource
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      Jacobson Companies
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      Longwood Industries
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      Minnesota Rubber & Plastics
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      Mitchell International
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      Momentum Group
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      Movati Athletic
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      Pentec Health
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      Rosetta Stone
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      Savage Sports
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      Shock Doctor
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      Stanton Carpet
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      Surgical Information Systems
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      Tandus Group
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      The EDGE Fitness
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      Triad Broadcasting Company
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      Trilliant Food & Nutrition
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      Wealth Enhancement Group
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