Norwest Equity Partners, a Minneapolis-based middle-market investment firm, has promoted Tom Schauerman to partner. Schauerman joined the firm in 1998 and has focused on management buyouts, recapitalizations, and growth financings within the technology and business services, manufacturing, and distribution industries.
Norwest Equity Partners (“NEP”), a leading middle market investment firm, is pleased to announce the promotion of Tom Schauerman to Partner.
Tim DeVries, NEP Managing General Partner, stated, “Tom has continued to make significant contributions to the success of our firm, and we are thrilled to have the opportunity to promote him to the Partner level. With 50 years of experience and success, NEP not only continues to place a great deal of value on being a thoughtful and successful investor, but on building our investment team for the future, especially from within.”
Joining in NEP in 1998, Schauerman has focused on management buyouts, recapitalizations, and growth financings within the technology and business services, manufacturing, and distribution industries. Schauerman has been responsible for sourcing investment opportunities, creating transaction structures, managing the investment due diligence process, and obtaining necessary financing for investments. He also works closely with portfolio management teams, helping to build and execute strategic growth plans.
Over the years, Schauerman has played an instrumental role in both the buy-side and sell-side investment process for the firm. In June 2011, he led the transaction process for the $400 million sale of CVI Melles Griot, a leading global designer and manufacturer of optical components, to IDEX Corporation IEX +4.60% . Over NEP’s eight year investment period, Schauerman helped build CVI Melles Griot’s management team and execute its robust add-on acquisition strategy, which included four successful acquisitions within four years.
He also helped lead the successful March 2011 sale transaction of Amcom Software, a leading provider of unified communications software solutions, to USA Mobility USMO +2.75% . Early in his NEP career, Schauerman played a key role when NEP invested in Pelican Products, a manufacturer of plastic industrial safety products that was ultimately sold to private equity firm Behrman Capital in 2004 after a six year investment period.
As for recent investment activity, Schauerman helped drive the firm’s July 2010 investment in Skinit, a leading provider of on-demand personalization of personal electronic devices, and the January 2011 investment in Surgical Information Systems, an industry-leading provider of integrated surgery management software solutions for the healthcare industry.
“This well-deserved promotion recognizes Tom’s leadership and contributions to our investment success over the years, and he will continue to play a vital role in the years to come,” stated John Lindahl, NEP Managing General Partner.
Prior to NEP, Schauerman worked for investment banking firm Crowell, Weedon & Company, where he successfully completed numerous mergers and acquisitions, public offerings, and valuations. He graduated from the University of California San Diego with a bachelor’s degree in engineering and received his MBA from the University of Southern California.