# Borgman Capital

> Borgman Capital is a Milwaukee-based independent sponsor that buys profitable lower-middle-market companies, raises equity for each transaction from accredited investors, and operates a real-estate practice alongside its private-equity business. Founded by former KPMG and RSM deal adviser Sequoya Borgman, the firm targets established companies with $10 million to $100 million in revenue, often in manufacturing, food and consumer products, infrastructure, and business services. Its pitch to sellers is unusually operational: a flexible succession plan, strategic support without day-to-day micromanagement, and the ability to acquire both a business and its property in one coordinated transaction.

- **Founded:** 2017
- **Headquarters:** Milwaukee, United States
- **Founders:** Sequoya Borgman (Founder and CEO)
- **Team size:** Approximately 18 employees
- **Products:** Lower-middle-market company acquisitions, Portfolio growth and succession support, Real-estate investments, Sale-leaseback and integrated transition structures, Pass the Hat
- **Notable:** Reported 21 company acquisitions since its 2017 founding., Built a portfolio of eight current platform companies and completed four realized investments., Expanded the real-estate practice to 13 investments after launching it in 2020.

## Products & services

- **Lower-middle-market company acquisitions** — Majority investments in established, profitable companies, generally targeting platform businesses with $10 million to $100 million in annual revenue and $2 million to $15 million in EBITDA.
- **Portfolio growth and succession support** — Strategic guidance, leadership succession, operational improvement, add-on acquisitions, and network access for portfolio management teams.
- **Real-estate investments** — Acquisition, development, improvement, and repositioning of industrial, multifamily, office, and mixed-use properties, generally in transactions of $5 million to $60 million.
- **Sale-leaseback and integrated transition structures** — Transactions that can separate or jointly address an operating company and owner-occupied real estate, giving sellers liquidity while preserving business occupancy.
- **Pass the Hat** — A digital platform that gives accredited individuals, family offices, endowments, and foundations access to Borgman Capital's deal-by-deal private-equity investments.

## Achievements

- Reported 21 company acquisitions since its 2017 founding.
- Built a portfolio of eight current platform companies and completed four realized investments.
- Expanded the real-estate practice to 13 investments after launching it in 2020.
- Built a deal-by-deal investor network of nearly 500 participants without a traditional committed fund.
- Reported a 57% internal rate of return on one realized investment in a 2025 podcast discussion.
- Expanded deal-origination coverage into the Twin Cities in 2023 and Indianapolis in 2025.

## Latest updates

- **2026-07** — Invested in St. Louis-based CMW Equipment and said it would support expanded service offerings and entry into new markets.
- **2026-04** — Promoted Matt Kiefer, founder of the firm's real-estate practice, to Managing Director of Real Estate Investments.
- **2026-02** — Published a seller-focused podcast conversation on protecting a founder's legacy while planning the next stage of growth.
- **2025-12** — Exited Durex Products to Gerard Daniel Worldwide after reporting growth in revenue and profitability during the hold period.
- **2025-10** — Acquired a 75,000-square-foot industrial manufacturing facility in Menomonee Falls occupied by Schunk Carbon Technology.
- **2025-07** — Expanded to Indianapolis by hiring Matt Kreutz as Managing Director of Deal Originations.
- **2025-06** — Acquired 88-year-old rough-terrain forklift manufacturer Harlo Corporation.

## Links

- Website: https://www.borgmancapital.com/
- LinkedIn: https://www.linkedin.com/company/borgman-capital/
- YouTube: https://www.youtube.com/@BorgmanCapital
- Facebook: https://facebook.com/Borgman-Capital-189984884982932

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Profile page: https://yespress.io/borgman-capital
Published by YesPress — https://yespress.io
Last updated: 2026-08-15