# Big Shoulders Capital

Big Shoulders Capital is a Single Family Office based in Northbrook, United States.

## Overview

- **Organization type:** Single Family Office
- **Headquarters:** Northbrook, United States
- **Region:** North America
- **Address:** 105 Revere Drive, Suite D, Northbrook, IL 60062, United States
- **Founded:** 2013
- **Assets under management:** Undisclosed
- **Website:** bigshoulderscap.com
- **LinkedIn:** https://www.linkedin.com/company/big-shoulders-capital

## Regulatory record

- **Reports private funds:** No

## About

Big Shoulders Capital was founded in 2013. David Muslin serves as chairman. The firm operates as a single-family office that deploys proprietary capital into underperforming manufacturing and operating businesses. Strategy centers on direct equity investments, senior secured loans, note purchases and sale-leasebacks. Asset classes include private equity, private credit, distressed and turnaround situations, and secondaries. Confirmed positions include Design Molded Plastics in Macedonia, Ohio, and Savannah Industrial Solutions in Savannah, Tennessee. Co-investors have included Iroquois Industrial Group on MOD Interiors and Benda Conveyor Solutions. Footprint covers North America and Europe. The team lists nine professionals at the Northbrook headquarters. Adjacent vehicles include the sister company PPL Group for excess asset disposition. Portfolio holdings also encompass LB Steel in Harvey, Illinois, and Appvion Paper & Pulp Mill in Roaring Spring, Pennsylvania. No operational events from the last 24 months appear in available records. Ownership of industrial real estate and equipment creates a structural link between financing and operating-company control. The firm retains minority stakes after select exits, as seen with Benada Aluminum Products alongside ABGB Capital and Shadowbriar Capital Partners.

## Sectors

- Industrial Tech
- Mobility & Transportation
- Energy Transition & Renewables
- Supply Chain & Logistics
- SpaceTech
- Healthcare Services
- GovTech
- AgriTech & FoodTech
- Distressed & Turnaround

## People

- David Muslin — Chairman
- Joe Prudden — President
- Alex Mazer — EVP
- Brian Schroeder — SVP of Equity Investments
- Howard Spivack — Chief Financial Officer

## Questions

### Who runs investment decisions at Big Shoulders Capital?

David Muslin serves as chairman. Joe Prudden acts as president. Alex Mazer holds the role of EVP. Decisions rest with this core group and supporting SVPs.

### Does Big Shoulders Capital participate in fund commitments or only direct deals?

The firm executes direct equity investments, senior secured loans and note purchases. It does not commit to external funds.

### What investment stages does Big Shoulders Capital typically target?

Stages include buyout, growth, special situations and turnaround. Targets are lower-middle-market companies with no, low or negative EBITDA.

### How does Big Shoulders Capital source proprietary deal flow?

Sourcing occurs through industry networks such as the Turnaround Management Association and Secured Finance Network. Relationships with predecessor owners and M&A advisors also generate opportunities.

### Which sectors does Big Shoulders Capital explicitly focus on?

Focus areas include manufacturing, construction, trucking and oilfield services. Confirmed tags cover industrial tech, mobility and transportation, and distressed situations.

### Where does Big Shoulders Capital maintain its geographic footprint?

Primary activity occurs in North America. Portfolio assets and co-investments extend to Europe.

### How is Big Shoulders Capital related to PPL Group?

PPL Group operates as a sister company. It handles excess asset disposition and auctions for portfolio situations.

## Related profiles

- [Big Plan Holdings](https://altss.com/profile/big-plan-holdings-joseph-family-office)
- [Billingsley Company](https://altss.com/profile/billingsley-company-henry-and-lucy-billingsley-family-office)

---

Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/big-shoulders-capital

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology