RidgeLake Partners (RidgeLake) has made a strategic investment in Gauge Capital (Gauge), a growth-oriented middle market private equity firm. Specific terms of the transaction have not been disclosed.
RidgeLake Partners (RidgeLake) has made a strategic investment in Gauge Capital (Gauge), a growth-oriented middle market private equity firm. Specific terms of the transaction have not been disclosed.
The investment from RidgeLake, a partnership between PA Capital and Ottawa Avenue Private Capital that focuses on acquiring minority equity stakes in middle market private equity firms, is expected to support the future growth of Gauge and its investment activities across the healthcare, technology, business services, government & industrial services, and food & consumer sectors. There are no planned changes in Gauge’s investment processes nor day-to-day management of the Firm.
“We are excited to have RidgeLake as a strategic long-term partner for Gauge through the next phase of our firm’s growth,” says Drew Johnson, Co-Founder and Managing Partner of Gauge. “The RidgeLake team brings over 40 years of combined experience as a value-added investor and capital partner to leading private equity firms. We believe their thought leadership in the middle market makes them an ideal strategic partner as we strive to deliver superior returns for our investors,” commented Tom McKelvey, Co-Founder and Managing Partner of Gauge.
“Having known Gauge since their inception, we have witnessed their historical ability to deliver outstanding performance through a long-term, sustainable approach to value creation. We believe Gauge is well-positioned to capitalise on the growth opportunities emerging within their targeted sectors for years to come,” says Todd Milligan, Co-Head of RidgeLake Partners.
“As the largest investor in their own funds, Gauge has built strong alignment with their investors, portfolio companies, and employees. We are excited to help Gauge further strengthen this alignment going-forward,” adds Michael Lunt, Co-Head of RidgeLake Partners.
