Private Equity Firm Financial Services

Lake Country Capital

Minneapolis, Minnesota, United States

Minnesota-based investment firm (SBIC) providing capital to lower-middle-market companies.

Focus Areas
Private equity, SBIC (Small Business Investment Company)

Tracked deals

5

5 tracked deals across 2020-2025.

Recent pace

0

0 tracked deals announced in the last 12 months.

Deal mix

Growth capital

2 growth capital · 1 addon · 1 buyout

Lake Country Capital Acquisition Volume by Year

Last 5 years

Acquisition volume by year Annual acquisition counts for the last 5 years for Lake Country Capital. 1 2020 1 2021 1 2022 1 2023 1 2025

Supporting Data

Recent Transactions

  • Bondcote Performance Textiles Acquires Graniteville Specialty Fabrics
    May 29, 2025
    Buyer
    Bondcote Performance Textiles, XFS Global, LLC, Lake Country Capital
    Target
    Graniteville Specialty Fabrics
    Industry
    Manufacturing
    Location
    South Carolina, United States
    Type
    Addon

    Bondcote Performance Textiles (BPT), a subsidiary of XFS Global and backed by Lake Country Capital, has acquired Graniteville Specialty Fabrics (GSF). The GSF team, brand, and product lines will integrate into BPT while continuing operations at GSF’s Graniteville, South Carolina facility, expanding BPT’s coating and technical-textile capabilities to better serve defense, first-responder, and commercial end markets.

  • XFS Global Acquires Assets of Creative Tent International, LLC
    October 3, 2023
    Buyer
    XFS Global, LLC, Lake Country Capital
    Target
    Creative Tent International, LLC
    Seller
    Creative Tent International, LLC
    Industry
    Manufacturing
    Location
    Nevada, United States
    Type
    Divestiture

    XFS Global, LLC — a newly formed SDVOSB backed by Lake Country Capital — has acquired the assets of Creative Tent International, LLC and relocated the manufacturing operation from Las Vegas, Nevada to Natural Bridge Station, Virginia. The deal expands XFS Global's manufacturing footprint and capabilities (including RF welding, sewing/cutting, metal fabrication and kitting) and places Creative Tent's leadership team in charge of the new company.

  • Consortium Led by Midwest Growth Partners and Farragut Invests in Catalina Finer Foods
    February 24, 2022
    Buyer
    Midwest Growth Partners, Farragut Capital Partners, Spring Capital Partners, Gemini Investors, Lake Country Capital, SharpVue Capital, Promise Holdings
    Target
    Catalina Finer Foods, LLC
    Industry
    Food & Beverage
    Location
    Florida, United States
    Type
    Growth capital

    Midwest Growth Partners, alongside Farragut Capital Partners, Spring Capital Partners, Gemini Investors, Lake Country Capital, SharpVue Capital and Promise Holdings, provided subordinated debt and preferred equity to Catalina Finer Foods, a Tampa-based manufacturer of frozen Cuban and Caribbean foods. The financing (which included Spring Capital's $4.4M subordinated debt and $1.9M equity) supports a succession plan with second-generation owner Justo Cepero and funds future organic growth and bolt-on acquisitions; Cadence Bank provided senior financing.

  • Everside and Lake Country Capital Invest in US Internet Corp
    February 22, 2021
    Buyer
    Everside Capital Partners, Lake Country Capital, Institutional limited partners of Everside (unnamed)
    Target
    US Internet Corp (USI)
    Industry
    Telecommunications
    Location
    Minnesota, United States
    Type
    Growth capital

    Everside Capital Partners, together with Lake Country Capital and a group of institutional limited partners, provided an additional growth investment in US Internet Corp (USI) to support the company’s continued expansion of fiber-to-the-home and related hosting services. The founder-led management team will remain in place and retain majority ownership as the capital supports accelerated deployment across Minneapolis and adjacent Minnesota markets.

  • The Courtney Group Leads Acquisition of Peninsulators Inc.
    September 8, 2020
    Buyer
    The Courtney Group, Incorporated, Lake Country Capital
    Target
    Peninsulators Inc., Peninsulators Northwest, A Shade Above
    Industry
    Building Products
    Location
    California, United States
    Type
    Buyout

    An investor group led by The Courtney Group, Incorporated has acquired a controlling interest in Peninsulators Inc. and its affiliates Peninsulators Northwest and A Shade Above. Lake Country Capital participated in the transaction; founders Ross Haisley and John Thomas retain ownership stakes and will continue in management roles as the company pursues geographic expansion and strategic growth initiatives.

Related Acquisition Pages

Manufacturing Buyers & Acquisitions 2 tracked deals by Lake Country Capital. Building Products Buyers & Acquisitions 1 tracked deal by Lake Country Capital. Food & Beverage Buyers & Acquisitions 1 tracked deal by Lake Country Capital. Telecommunications Buyers & Acquisitions 1 tracked deal by Lake Country Capital. Acquisitions in California 1 tracked deal by Lake Country Capital. Acquisitions in Florida 1 tracked deal by Lake Country Capital. Acquisitions in Minnesota 1 tracked deal by Lake Country Capital. Acquisitions in Nevada 1 tracked deal by Lake Country Capital.

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