This sponsor

Independent sponsorVerified sponsor· Madison, WI
Observed deals
4
Principals
4
Latest deal
Sep 2026
As of · the mandate; 15 observations on record

The sponsor's name, 1 additional person, 7 additional capital, identity and service provider links, 6 additional deals and portfolio companies, 1 verified contact (1 email)

Every relationship, signal and contact on this record, with the source on each.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Who they are
this sponsor, WI · 5 people named
What they buy (claimed)
EBITDA $3M to $15M
control
As the firm states it, not checked against its deals.
What they have done
4 observed deals · latest Sep 2026
2 platforms, 2 add-ons
Business services, Industrial services, Manufacturing, Distribution, Transportation and logistics
4 deals, too few with a known size to say
Portfolio
  • Gilman Precision
  • Milwaukee Cylinder
  • Perfection Industrial Finishing
Who finances them
Lenders: Capitol Bank
Who to call
a named professional
Reveal a line (email on record)
Latest: Deal, Sep 2026
Key people
5 people · 0 with a confirmed email · 0 with a direct phone

ranked by who matters most in a conversation with this firm

  • Partner
    Investment

    Partner, a senior member of the deal team

  • Partner

    Partner, a senior member of the deal team

  • Partner

    Partner, a senior member of the deal team

  • Operating Partner

    Operating Partner, a senior member of the deal team

  • Investor Relationships Manager
    Investor relations

    Investor Relationships Manager, handles marketing and investor relations

Why this kind
  • for: 3 announced transactions as buyer
What they claim, and what they have done
Observed
  • 2 platform or control deals, Aug 3, 2024 to Jan 10, 2025
  • 2 add-ons bought by its portfolio companies
  • 0 recapitalizations, 0 minority stakes
  • Platform targets by state: WI 1
Claimed on its own website
  • Sectors: Business services, Industrial services, Industrial manufacturing, Transportation logistics, Specialty distribution
  • EBITDA: $3M to $15M
  • Control (unaudited quote): yes
Portfolio, as listed on the firm's site (1)
  • Milwaukee Cylinder
The firm's own listing, not an observed transaction: no date, structure or counterparty is claimed.
What the filings and deals add up to
Sectors transacted
Industrial manufacturing (1)
Factvertical of the acquired targets· 85%· DFX's own graph
How do we know

Verified sponsor. Evidence identifies a firm: a publisher named it as the buyer in an announced transaction, a law firm or capital partner page names it as an independent sponsor, or its own site says so.

Nothing on this page comes from a website claim unless it is labelled as such with the URL.

Who has financed them
Observed once
Financing, deal by deal
DateCompanyFinanced byRoleAmountSource
Aug 3, 2024Gilman Precision (Gilman USA)Capitol Banksenior debtNot disclosedno URL
Service provider relationships

2 more facts and signals are on record for this page. They name the firms involved and open with Independent Sponsor Intelligence.

Legal (1)
Accounting and QoE (1)
Investment banking (1)
Who finances deals like theirs

DFX has not observed these firms together on any transaction in our coverage. That is a statement about what DFX has read, not about the firms: a deal that was never announced, or announced without naming its capital, cannot appear here.

Coverage behind this list: 3 providers observed financing sponsors in this sector · 1 of this firm's own deals read in them · most recent of theirs observed Sep 9, 2026.

  • Greyrock Capital GroupManufacturing19 deals in manufacturing, latest Mar 15, 2026
    seen as equity coinvest, equity provider, lender, mezzanine
  • Tecum CapitalManufacturing13 deals in manufacturing, latest Sep 9, 2026
    seen as capital provider, co sponsor, equity coinvest, equity provider
  • Merit Capital PartnersManufacturing11 deals in manufacturing, latest Mar 4, 2025
    seen as capital provider, co sponsor, equity coinvest, equity provider

Read from the sectors this firm has actually bought in: manufacturing (1).

What have they done
Platform and control deals (1)
  1. Jan 10, 2025Platform acquisitionconfidence 80%
    this sponsor acquired Milwaukee Cylinder (Milwaukee, WI)
    Deal page · DFX analyst research (General-assisted, every claim URL-cited) no URL · madisonlakecapital.com madisonlakecapital.com · madisonlakecapital.com madisonlakecapital.com
Add-ons (2)
  1. Sep 16, 2026Add onconfidence 90%
    this sponsor acquired Pneumatic Cylinders & Couplers (Machesney Park, IL)
    Deal page · DFX analyst research (General-assisted, every claim URL-cited) einpresswire.com · fluidpowerjournal.com fluidpowerjournal.com
  2. Apr 10, 2026Add onconfidence 80%
    this sponsor acquired Perfection Industrial Finishing (Phoenix, AZ)
    Deal page · DFX analyst research (General-assisted, every claim URL-cited) no URL · madisonlakecapital.com madisonlakecapital.com · finishingandcoating.com finishingandcoating.com · madisonlakecapital.com madisonlakecapital.com
No vehicles linked.
  1. Aug 3, 2024Acquisition announced
    DFX analyst research (General-assisted, every claim URL-cited) no URL
What appears to be their current activity

No vehicle filed in the last 12 months.

Principals, from the firm's own site
  • a named professionalPartner
  • a named professionalPartner
  • a named professionalPartner
Team, as the firm lists it
  • Kevin WichmanInvestor Relationships Manager
Who to call
the organisation, the role and the published line, with the filing or website that published it; revealed to signed-in accounts
The firm's published line
Revealable: 1 website (sponsor website), 1 work email (sponsor website) · as of 2026-09-17
  • a named professional
    Partner · Revealable: 1 professional profile (the firm's own page)

Also named here, with no published line of their own (reach them through the firm): a named professional (Partner), a named professional (Partner), Kevin Wichman (Investor Relationships Manager).

Who to call is the organisation, the person's role and the line they published themselves: a business phone, office address, website or profile link from Form ADV, Form 13F or their own website, with that source named on every value. The counts above are what a reveal returns; a personal email is rarely published, so most reveals are the firm's line. Never data bought from a provider, never anything personal. Reveals by plan

Portfolio companies (4)
Evidence
FactValueClassSource
Entity kindIndependent sponsor firmFactSBIA Independent Sponsor Forum roster sbia.org
Entity kindIndependent sponsor firmInferenceDFX model output (scores, estimates, matches) no URL
Entity kindUnknown investment entityInferenceDFX model output (scores, estimates, matches) no URL
Sponsor classificationIndependent sponsor firmFactSBIA Independent Sponsor Forum roster sbia.org

3 further observations are on the record behind these, each with its own source and date. Ask and we will send the lot.

Email me when this firm changes
No password, no account. One line per change, with the source.
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