Storm Lake Capital partners with lower middle-market companies to enhance long-term value through our flexible capital solutions, financial and operational expertise, and network of resources.


Flexible Capital:

  • Equity and debt investments
  • Creative deal structures
  • Control and minority positions

Relevant Experience:

  • Financial & strategic advisory
  • Operational expertise
  • Turnaround and special situations capability

Opportunistic Approach:

  • Ability to close quickly
  • Long-term value horizon

About

Storm Lake Capital is a Detroit-based merchant banking firm. In 2007, the firm was formed to opportunistically invest capital throughout the Midwestern United States.

As fundamental value-based investors, we are disciplined in our approach to allocating capital. Depending on the situation, we take an active role in day-to-day operations, board level advisory, and assisting management in driving operational and cost structure improvements, lean manufacturing initiatives, and growth.

Our main objective is to forge a strong working relationship with all stakeholders and to provide a framework that incentivizes each party to facilitate a successful transaction.

100Bus-who-care_logo_final

Criteria & Interests

We are interested in a broad range of manufacturing, distribution, and service businesses located in the Midwestern United States.

Situations

While there are exceptions, we typically serve middle-market companies with $10 million to $100 million of revenue in a variety of situations such as:

  • Special situations / distressed
  • Recapitalizations
  • Corporate divestitures
  • Management buyouts
  • Growth funding

Industries

We are interested in a broad range of value-oriented manufacturing, distribution, and service businesses located in the Midwestern United States. Historically, our focus has been on metal-forming companies with automotive, agriculture, heavy equipment, aerospace, and general industrial exposure.

Capital

We provide flexible and efficient capital structures from $1 Million to $5 Million in debt and equity investments.

Our Team

Todd Carlson, Partner

Todd founded Storm Lake Capital in 2007. Prior to formalizing his investment activities through Storm Lake Capital, Todd executed many successful debt and equity placements in private companies and serves on several of their Boards. Todd is currently the Chief Financial Officer of Cadillac Casting, Inc. and 3Point Machine, Inc. Todd also served as the Chief Financial Officer and shareholder of Image Tele/Video, Inc., a privately-held tier-one video services company. Prior to joining Image Tele/Video, Inc., Todd served as Vice President in corporate banking for seven years at NBD Bank. Throughout his career he gained extensive experience in crisis management and troubled loan work-out. Todd earned a Bachelor of Arts from Northwestern College and an M.B.A from the University of Iowa. He is a CFA charter holder and member of the Association for Investment Management and Research.

Alex Boosalis, Partner

Alex co-founded Storm Lake Capital in 2007. Prior to this period, Alex was a key member and equity partner in several private placements, where he played a strategic role in both the management and board-level advisory of the acquired entities. Prior to the formation of Storm Lake Capital, he was Vice-President in the Equity Capital Markets Division of both Dain Bosworth and US Bank – Piper Jaffray. His further experience lies within deal structure and valuation analysis of distressed entities. Alex has also served as a Lead Market Maker on the Pacific Coast Options Exchange where he was positioned as an independent exchange member. Alex earned a Bachelor of Science in Mechanical Engineering from the University of Minnesota and a M.B.A. from the University of Iowa. He is a CFA charter holder and member of the Association for Investment Management and Research.

Scott Ronan, Partner

Scott is responsible for sourcing and evaluating potential investments, structuring transactions, leading due diligence and leading the operational efforts post transaction. In 2008, he was also chosen to lead Whitebox Automotive Holdings as their President/Crisis Manager after the company was acquisitioned by a client. Prior to joining Storm Lake Capital in 2008, Scott spent seventeen years in various manufacturing, business development, sales and marketing roles for ArvinMeritor. Most recently, he served as Program Director for Global Aftermarket Growth Initiatives. He was responsible for analyzing, developing, and implementing accelerated growth plans for ArvinMeritor’s global aftermarket business, which has sales of over $700 million. Some of his other roles include: Program Director for Axle Alliance Company (Freightliner Heavy-Duty Axles), Business Unit Director of North American Wheel Ends, Director of Marketing & Strategic Planning for Worldwide Braking Systems, and Director of New Business Development for Worldwide Commercial Vehicle Aftermarket Parts. Scott received his B.A. in Merchandising Management from Michigan State University, and earned his M.B.A. in Marketing from The Joseph M. Katz Graduate School of Business at the University of Pittsburgh.

Andrew Stumpf, Partner

Andrew’s current responsibilities include transaction sourcing, execution, and portfolio company management. Prior to joining Storm Lake Capital in 2007, Andrew served as Vice President in the Investment Banking Group at Stout Risius Ross Advisors, LLC. His investment banking experience includes mergers, acquisitions, divestitures, shareholder recapitalizations, leveraged and management buyouts, and the private placement of senior and subordinated debt. Andrew has served clients in manufacturing, distribution, and business services, and has significant experience in the metal forming and automotive industries. Andrew has also provided valuation and litigation advisory services to Fortune 500 and middle-market companies. Prior to joining Stout Risius Ross, Andrew worked with Ernst & Young, LLP in its Assurance and Advisory Business Services group in Detroit. Andrew earned a Bachelor’s degree in accounting from Michigan State University and an M.B.A. from The Eli Broad Graduate School of Management at Michigan State University.

Contact Us

Storm Lake Capital, LLC

150 S. Elizabeth St. Rochester, MI 48307

Todd Carlson – Partner tcarlson@stormlakecapital.com

Scott Ronan – Partner sronan@stormlakecapital.com

Alex Boosalis – Partner aboosalis@stormlakecapital.com

Andrew Stumpf – Partner astumpf@stormlakecapital.com

Kelly White – Controller kwhite@stormlakecapital.com