Norwest Equity Partners Invests in recteq

Norwest Equity Partners Acquires QTI Fibers from Highlander Partners

July 1, 2022

Manufacturing

Norwest Equity Partners (NEP) completed a transaction to acquire QTI Fibers, a vertically integrated designer and manufacturer of technical fibers, fabrics and coated materials, on July 1, 2022. NEP intends to support product, customer and end-market expansion at QTI, which operates major manufacturing facilities in Dothan, Alabama and Colfax, North Carolina; management will be led by Allen Smith (CEO) with Roger Arciniega as Non‑Executive Chairman.

Ridgemont Equity Partners Makes Growth Investment in Northstar Recycling Company

October 5, 2021

Environmental Services

Ridgemont Equity Partners has made a growth investment in Northstar Recycling Company, LLC alongside Northstar founders Seth Goodman and Noah Goodman. Northstar is an asset-light provider of managed waste and recycling solutions serving food, consumer packaged goods and industrial clients; Ridgemont will help expand the company's service offering and scale its proprietary technology-enabled platform. Financing for the transaction was provided by Barings, Cliffwater Corporate Lending Fund and PNC Erieview Capital; financial terms were not disclosed.

Norwest Equity Partners Acquires Thibaut

November 9, 2021

Consumer Products

Norwest Equity Partners (NEP) completed an investment in Thibaut, a long-established designer and supplier of premium wallcoverings, fabrics, and furnishings, on November 9, 2021. The PE investment will support Thibaut's growth plans across product offerings, market channels, and geographies; financial terms were not disclosed.

Industrial Growth Partners Acquires ASPEQ Heating Group

November 8, 2019

Manufacturing

Industrial Growth Partners V, L.P. (IGP), in partnership with management and certain outside investors, has acquired ASPEQ Heating Group LLC, a St. Louis-based manufacturer of custom-configured electric heating and thermal management products. IGP intends to use the transaction as a platform investment to accelerate ASPEQ's growth by enhancing its go-to-market strategy and product portfolio, expanding end-market reach, and pursuing add-on acquisitions.

Norwest Equity Partners Acquires Coretelligent from VSS Capital Partners

October 25, 2021

IT Services

Norwest Equity Partners (NEP) has acquired Coretelligent, a Westwood, Massachusetts-based managed IT, cybersecurity, and cloud services provider. VSS Capital Partners sold the company but will remain a minority investor; financial terms were not disclosed. NEP intends to partner with founder and CEO Kevin Routhier to scale Coretelligent organically and through strategic acquisitions.

RCap Equity Partners Leads Majority Recapitalization of Northeast Contracting Corp.

September 4, 2024

Construction

RCap Equity Partners led a majority recapitalization of Northeast Contracting Corp. (NECC) in partnership with Monroe Capital LLC and existing shareholders. NECC, a Lorton, Virginia–based full-service commercial roofing company serving education, government, multi-family and industrial end markets across the Mid-Atlantic, will use the partnership capital to invest in its team, expand service offerings and pursue strategic acquisitions.