# Heartland Equity Partners

Heartland Equity Partners is a Private Equity based in Brooklyn Center, United States.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Brooklyn Center, United States
- **Region:** North America
- **Address:** Brooklyn Center, MN, United States
- **Founded:** 2014
- **Assets under management:** Undisclosed
- **Website:** www.heartland.fund
- **LinkedIn:** https://www.linkedin.com/company/heartlandpartners

## Regulatory record

- **Reports private funds:** No

## About

Heartland acquires and grows businesses with a mission to be an outstanding steward of team members, companies, communities, and investor capital. It invests in majority interests while remaining open to owners, families, and senior leaders keeping a meaningful equity stake. The firm emphasizes preserving company legacies and Midwestern values and brings expertise across manufacturing, transportation, distribution, healthcare, and financial industries.

## Sectors

- Industrial Tech
- Manufacturing
- Business Services

## People

- Chase McCown — Managing Director
- Tom Ahonen — Managing Director - Emeritus
- Mark Orgel — Principal
- Tim Callahan — Principal
- John Hofkes — Principal
- Joe Laux — Principal
- Jerry Bauer — Principal
- Jon Dobbs — Principal
- Ron Kuhnen — Principal

## Questions

### What investment strategy does Heartland Equity Partners pursue?

Heartland Equity Partners focuses on lower-middle-market buyouts, corporate divestitures, and succession-driven acquisitions in the industrial Midwest. The firm targets operational manufacturing, industrial technology, and business-services companies. Its deal flow is heavily relationship-driven, built around direct engagement with retiring founders who lack a family successor. The firm's public communications describe a strategy centered on control investments that preserve operational continuity.

### Which industries and geographies does Heartland prioritize?

Heartland concentrates on manufacturing, industrial technology, and business-services sectors within the Upper Midwest. The firm's primary geographic footprint spans Minnesota, Wisconsin, Iowa, and the Dakotas. This tight regional focus differentiates Heartland from national lower-middle-market funds. By staying within a defined geography, the firm leverages local networks and industry relationships that are difficult for out-of-region competitors to replicate.

### Does Heartland participate in fund commitments or only direct deals?

Heartland Equity Partners executes direct control investments in portfolio companies. Its publicly described mandate includes buyouts, growth recapitalizations, and structured succession transactions. There is no public record of the firm acting as a fund-of-funds or making LP commitments to external sponsors. Its model is built on acquiring and operating businesses directly.

## Related profiles

- [Hearth Ventures](https://altss.com/profile/hearth-ventures)
- [Heartland Ventures](https://altss.com/profile/heartland-ventures)

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Last updated: 2026-08-11T15:06:57.816Z

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