Steve Soderling named a principal of Tonka Bay Equity Partners, LLC
Tonka Bay Equity Partners LLC, (“Tonka Bay”) has announced that Stephen B. Soderling has joined the firm as a Principal. Soderling’s qualifications range from equity and debt financings, mergers and acquisitions, and financial and operational advisory work. He will help Tonka Bay originate, structure, analyze and close new investment opportunities and add-on acquisitions for existing portfolio companies. In addition, Soderling will provide strategic oversight, direction and corporate governance to portfolio companies.
Soderling brings more than a decade of merger and acquisition experience to Tonka Bay. Most recently he was at Norwest Equity Partners (“NEP”) where he was involved in originating, structuring, analyzing and closing management buyout, recapitalization and growth equity transactions in the manufacturing, distribution and business service industries. Soderling was a board member of several NEP portfolio companies. Previously, Soderling was with Arthur Andersen, LLP in their Corporate Finance and Corporate Recovery Services divisions.
“This is a very exciting time for me to join a respected firm like Tonka Bay,” Soderling said. “Having invested in traditional middle market businesses in the past, I firmly believe in Tonka Bay’s successful investment strategy of focusing on small capitalization companies. These companies tend to provide a greater opportunity to assist in creating shareholder value. I have great respect for the firm’s abilities, and I am thrilled to be part of the team.”
“Steve’s experience, knowledge and abilities expand the breadth and depth of our team in significant ways,” says Cary Musech, Managing Principal of Tonka Bay Equity Partners. “He is a high energy, straightforward investor who will enhance Tonka Bay’s investment strategy with small capitalization companies.”
Soderling earned his B.B.A degree in finance from the University of Notre Dame.
About Tonka Bay Equity Partners
Based in Minnetonka, MN, Tonka Bay Equity Partners is a private equity firm that acquires and invests in lower middle market businesses in the highly-engineered manufacturing, business services and value-added distribution sectors. For more information, call (952) 345-2035 or visit tonkabayequity.com.
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