Borgman Capital Acquires Buck Bone Organics

Pritzker Private Capital Acquires Buckman

July 1, 2025

Industrial Services

Pritzker Private Capital completed the acquisition of Buckman, a family-owned provider of specialty chemicals and integrated services for water treatment and industrial processes. Pritzker will partner with Buckman’s family and management to provide financial resources and operational support to drive global expansion, product innovation and growth initiatives while Junai Maharaj remains CEO.

Borgman Capital Acquires Harlo Corporation

June 3, 2025

Manufacturing

Borgman Capital, a Milwaukee-based private investment firm, has acquired Harlo Corporation, an 88-year-old manufacturer of rough terrain forklifts headquartered in Grandville, Michigan. The transaction transfers ownership from the Crooks family to Borgman Capital; Harlo will continue to operate under its name with existing leadership and 54 employees, and will gain resources to expand capacity and product development.

Borgman Capital Acquires Minnesota Tile & Stone

January 11, 2023

Building Products

Milwaukee-based private equity firm Borgman Capital has acquired Minnesota Tile & Stone (MTS) and will merge the business into its existing portfolio company, K.G. Stevens. The deal expands the combined company’s Midwest footprint and product offerings; Jason Gaare was named president of K.G. Stevens and MTS owner Alan Dale retired as part of the transaction.

Borgman Capital Acquires Dairyfood USA as Add-on to Gilman Cheese

May 31, 2022

Food & Beverage

Milwaukee private equity firm Borgman Capital completed the add-on acquisition of Dairyfood USA, a specialty extended shelf-life cheese processor headquartered in Blue Mounds, Wisconsin. The acquisition will be integrated with Borgman’s platform company Gilman Cheese Corporation to expand product mix, increase production capacity and realize synergies across retail, foodservice and transportation customers.

Borgman Capital Acquires Southeastern Meats

June 14, 2021

Food & Beverage

Milwaukee-based private equity firm Borgman Capital has acquired Birmingham, Alabama-based Southeastern Meats, a producer and distributor of frozen vegetables, meats, seafood and specialty items. Borgman said it will invest in Southeastern Meats' Pick 5 and Southeastern Vegetables programs and support the company's continued geographic expansion into the East Coast and Midwest.

Ergon Capital Acquires Majority Stake in Millbo–BioNaturals Group

December 16, 2020

Food & Beverage

Ergon Capital Partners IV SCSP has closed the acquisition of a majority stake in Millbo, BioNaturals International and BioNaturals Europe (together "Millbo–BioNaturals"), creating a global supplier of natural, clean-label bakery ingredients. The sellers (including Millbo/Boggiani family and other shareholders) will reinvest alongside Ergon, and the investment is intended to accelerate growth through geographic expansion, product cross-selling and a buy-&-build strategy.