Sector

Business Services & Construction Related

Transaction Type

Invested

2022

XeteX

Current

XeteX is a leading manufacturer of HVAC equipment and components custom-engineered to meet commercial and industrial air quality standards.

Our debt and equity co-investments were part of a recapitalization in conjunction with company management and other investment partners.

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Headquarters

Minneapolis, MN

Other Business Services & Construction Related Investments

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2013

American Cylinder

Realized 2018

Compressed gas cylinders, valves, and testing services.

2023

American Window Film

Realized 2025

Window films and building wraps.

2021

Capital Building Maintenance

Current

Commercial window washing and pressure washing.

2021

Columbia Fire

Current

Fire sprinkler systems.

2021

Diamond Graphics

Current

Commercial printing.

2016

DPIS Engineering

Realized 2019

Engineering, inspection and energy consulting.

2017

Harrell’s Car Wash Systems

Realized 2020

Car wash equipment and chemical solutions.

2015

JR Thompson

Realized 2021

Integrated marketing services and commercial graphics production.

2022

Lane Supply

Realized 2024

Outdoor metal canopy structures.

2025

Local Web Leads

Current

Digital adverising agency.

2016

Northern Technologies

Realized 2022

Engineering and testing services.

2015

Pinnacle Products International

Realized 2021

Portable heating products.

2021

PirTano Construction

Current

Underground construction.

2012

Portu-Sunberg Marketing

Realized 2018

Value-added sales and marketing services.

2019

Roman Products

Realized 2024

Wallpaper adhesives, primers, removers and related products.

2020

Trudela Holdings

Realized 2025

HVAC services

2025

True View Windows & Glass

Current

Residential and commercial glass solutions.

2009

Tulsa Power / Reel Power

Realized 2025

Tubing and cable handling solutions.

We invest in small businesses across five key sectors

Our Investment Criteria

We focus on five core sectors but are industry-agnostic. We're happy to discuss any opportunity that meets our investment criteria.

As a licensed SBIC, we are unable to invest in foreign-owned businesses, real estate, farmland, or project financing.

Manufacturing & Industrials

Businesses that transform raw materials into finished goods which drive economic growth and technological progress.

Business Services & Construction Related

Businesses that build, maintain, and manage essential infrastructure, industrial facilities, and large projects.

Healthcare & Public Safety

Businesses that deliver medical services, products, and innovations that improve patient health, as well as businesses that support the safety and well-being of the communities they serve.

Technology & Analytics

Businesses that create, manage, and innovate digital solutions, software, networks, and information systems.

Food & Consumer Products

Business that create, source, distribute, and sell goods and groceries to meet diverse consumer demands.