Montage Partners

Day-to-day investment decisions are driven by Managing Partners Rob Wolfman and Jordan Tate, supported by sector-focused Vice Presidents. Wolfman oversees sourcing, execution, and portfolio management for industrial and consumer deals, while Tate focuses on operational matters and limited partner relations—though each has been involved across the firm’s 21 disclosed platform investments.

Montage runs a dedicated deal origination function led by Kelly McGowan, who builds intermediary referral networks and scalable sourcing processes from her base in Chicago. This is layered on top of the Managing Partners’ own networks, including Jordan Tate’s membership in the Arizona chapter of the Young Presidents’ Organization (YPO), giving the firm a blend of systematic outreach and executive-level warm introductions.

The firm executes management buyouts, management buy-ins, growth equity, recapitalizations, spin-offs, and founder succession transactions. Their marketing explicitly positions them as a capital partner for owners seeking liquidity or managers pursuing carve-outs from corporate parents.

Montage Partners concentrates its origination and portfolio oversight within four named verticals—technology and professional services, healthcare, industrial products and services, and consumer. Sectors outside these bands, such as energy, real estate, or financial services, do not appear in their disclosed mandate or portfolio.

The firm operates as a direct investor taking control or significant-influence equity positions in individual companies; its public materials do not indicate a fund-of-funds program or commitments to external private equity funds. All named portfolio positions are platform-level operating businesses.

Montage targets established businesses that already generate between $1.5 million and $7 million in EBITDA. By anchoring its transaction criteria in a company’s existing cash-flow profile, the firm signals a preference for post-startup, profitable companies ready for operational scaling or leadership transition.

Most firms of this size combine sourcing and execution roles across the same investment professionals. Montage splits the function: it employs a dedicated Manager of Deal Origination and operates a dual-channel model that mixes systematic intermediary coverage with the network effects of YPO participation. This makes the firm resemble a founder-liquidity specialist as much as a conventional buyout fund.