MADISON LAKE CAPITAL
PARTNER UP WITH CONFIDENCE
Lower Middle Market Private Equity Firm
We focus on lower middle-market companies and create partnerships with management teams to unlock value and drive growth.
Our Capabilities
We operate in an independent sponsor model, enabling us to be very flexible in our partnerships.
Buyouts
We buy out businesses from their current owners looking for a transition. Post-acquisition, with the support of the management, our experienced team help put in place the right strategies to build a platform and work towards accelerated growth.
Divestiture
We help companies looking for divesting a subsidiary or a business unit into a separate stand-alone business.
Majority and Partial Recapitalization
We can help your company to recapitalize by taking in a Majority or Partial stake.
Our Deal Criteria
EBITDA < $2 MM
Revenue < $25 MM
We are sector agnostic
The Team
Brad Bodden | Partner
Brad Bodden had a 28 year insurance industry career at American Family working in claims, sales and product training, and built a growing agency in commercial, property, casualty and life insurance retiring at the end of 2019. Brad became an active Wisconsin Investment Partners investor in 2015 and joined the co-manager team in 2020. He is active in the Nakoma community working with Thoreau Elementary School and Madison Public Schools on several non-profit initiatives. Brad earned his Bachelor’s degree from UW Eau Claire and Master’s in Finance from UW-Whitewater. He was an active volunteer firefighter and EMT for 25 years and grew up on a farm in rural Theresa, WI.
Danny Andersen | Partner
Danny focuses on portfolio company initiatives. Prior to MLC, Danny was a partner with Baker Tilly and was with the firm from 2003-2022. Danny focused on adding value to software, life sciences, and other technology-based companies
Prior to Baker Tilly, Danny was an audit partner at Ernst Young (EY) serving technology-based companies, helping to solve accounting, reporting, and SEC matters. In this role, he gained significant venture capital and IPO experience, as well as deep familiarity with technical financial matters encountered by these companies.
Akhildev Remesan | Partner
Akhildev Remesan manages transactions and portfolio initiatives at MLC. Prior to MLC, Akhildev was working at Borgman Capital, a Milwaukee based PE firm. Prior to Borgman, Akhildev was the CEO of Foodcliff Inc, a technology startup based in Wisconsin. Before Foodcliff, Akhildev was with Deloitte Consulting managing projects in Healthcare, Technology.
Akhildev has an MBA from Wisconsin School of Business (UW-Madison) specializing in Corporate Finance & Investment Banking. Akhildev also has an undergraduate degree in Electronics Engineering from University of Kerala, India.
Ian Gurfield | Operating Partner
Ian Gurfield has been an entrepreneur his entire professional career. In 2001 when he was 23 years old, he started Ian's Pizza by the Slice in Madison, WI. Today, Ian's Pizza has 300 employees and operates multiple locations in Wisconsin, Colorado and Washington. Ian is also a founding partner of Gotham Bagels (Madison, WI) Batch Bakehouse (Madison, WI) and an investor in multiple, privately held businesses and real estate projects.
Ian holds a BA from the University of Massachusetts - Amherst where he studied Philosophy and Economics. He is passionate about long term visioning work and leadership training. A generous supporter of several environmental organizations, Ian, loves to spend time on Madison's lakes - especially during winter!
