Private Equity

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Storm Lake Capital

Storm Lake Capital operates from Rochester, Michigan, describing itself as a fundamental, value-based investor.

Storm Lake Capital

Storm Lake Capital

Storm Lake Capital operates from Rochester, Michigan, describing itself as a fundamental, value-based investor. The firm provides both financial and strategic advisory services alongside its deployment of capital. Its principals, including T. Carlson, S. Ronan, A. Boosalis, A. Stumpf, and K. White, take an active role in operations depending on the situation, ranging from day-to-day management involvement to board-level advisory. The firm structures creative transactions across the capital structure, offering both equity and debt investments. Its stated strategies span growth capital, management buyouts, and recapitalizations. Storm Lake Capital emphasizes an opportunistic approach, citing the ability to close quickly and maintain a long-term value horizon. It focuses on driving operational and cost-structure improvements and implementing lean manufacturing initiatives at portfolio companies. While the firm does not publicly disclose specific portfolio company names in its web presence, its disclosed operational expertise centers on industrial and manufacturing turnaround capabilities. Storm Lake Capital maintains a single office in Rochester, Michigan, with a team of at least five named professionals handling sourcing and execution. The firm’s contact footprint reveals a lean partnership structure without a large institutional back-office layer. No adjacent philanthropic vehicles, real-asset arms, or club memberships have been publicly disclosed by the firm. Storm Lake Capital blends an advisory and execution model not common in all lower-middle-market firms: its principals act as both deal structurers and operational partners. This dual posture — offering advisory services alongside discretionary capital — positions the firm as a hybrid operator rather than a pure financial sponsor, a structure that can appeal to founder-owned industrial businesses seeking a hands-on capital partner.

General information

Firm type

Private Equity

Year founded

AUM

Undisclosed

Location

Region

North America

Country

United States

City

Rochester

Corporate office

150 S. Elizabeth St. Rochester, MI 48307

Principals

T. Carlson

Principal (per firm website contact)

S. Ronan

Principal (per firm website contact)

A. Boosalis

Principal (per firm website contact)

A. Stumpf

Principal (per firm website contact)

K. White

Principal (per firm website contact)

Sector focus

Industrial Tech

Frequently asked questions

Who runs investment decisions at Storm Lake Capital?

Decision-making appears to sit with the five named principals listed on the firm's contact page: T. Carlson, S. Ronan, A. Boosalis, A. Stumpf, and K. White. The firm operates as a lean, partnership-style private equity manager without a publicly named CIO or CEO.

Is Storm Lake Capital a single family office or a private equity firm?

Storm Lake Capital presents itself as a private equity firm, not a family office. It explicitly markets its services to external stakeholders and structures transactions as an asset manager deploying flexible capital across equity and debt.

Does Storm Lake Capital participate in fund commitments or only direct deals?

Based on available public disclosures, the firm focuses on direct investments, including control and minority positions, and structures each transaction individually rather than deploying capital through a blind-pool fund vehicle. It has not disclosed acting as a limited partner in external funds.

What investment stages does Storm Lake Capital typically target?

The firm targets a range of corporate events including management buyouts and recapitalizations, as well as providing growth capital. It describes a mandate to deploy capital opportunistically rather than limiting itself to a single stage or check size.

What is Storm Lake Capital's known posture on co-investments alongside external GPs?

Storm Lake Capital has not publicly articulated a co-investment program or a history of partnering with other private equity sponsors. Its disclosed model focuses on direct deal origination and actively managing operational improvements post-close.

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