Madison Lake Capital

Madison Lake Capital is a lower middle-market private equity firm founded in 2021 and headquartered in Madison, Wisconsin, operating under an independent sponsor model. It partners with management teams to unlock value and drive growth in established, cash-flow-stable businesses. The firm offers buyout, divestiture, and recapitalization services, taking majority or partial stakes, and provides transaction support and tailored operational and technology-driven process improvements post-acquisition while prioritizing each company's existing culture. Madison Lake Capital is sector agnostic, targeting business services, manufacturing, technology, and supply chain/logistics companies. Its portfolio includes Scotts Industrial Coatings, Gilman Precision, Milwaukee Cylinder, and Perfection Industrial Finishing, and it also manages a Mid-West Buyout Fund. The firm's deal criteria call for EBITDA of $3M–$15M, with a preference for lower middle-market companies with strong, consistent cash flow histories. Its investment approach favors organic growth achieved through management partnerships, culture preservation, and hands-on operational transformation rather than aggressive cost-cutting or short-term financial engineering.