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Norwest Equity Partners Boosts Investment Team by Adding Three Managing Directors

MINNEAPOLIS, October 8, 2019-- Norwest Equity Partners (NEP), a leading middle market investment firm, announces the addition of Adam Garcia Eveloff and Beth Lesniak to its team and the promotion of Jason Sondell; all three will be managing directors.

Garcia Eveloff joins NEP from Castanea Partners in Boston, Mass., where he held progressive investment roles over the past 10 years and led the firm’s multi-unit consumer services industry sector strategy including fitness, consumer services and consumer product transactions. Prior to Castanea, he was an analyst at Goldman Sachs. Garcia Eveloff has an M.B.A. from the Kellogg School of Management at Northwestern University and is also a graduate of The Wharton School at the University of Pennsylvania.

Lesniak joins NEP from Grey Mountain Partners in Boulder, Colo. She has a generalist investor track record including transaction experience ranging from food to building products, industrial, business services and energy. Prior to Grey Mountain, she worked at The Riverside Company where her transaction experience included industrial and consumer product companies. Lesniak has additional experience from Wachovia Securities and Salomon Smith Barney/Citigroup, working as an analyst. She is a graduate of Duke University.

Jason Sondell has been with NEP since 2006, holding progressive investment roles. Jason works closely with portfolio companies on strategic growth and corporate governance, and leads several internal firm initiatives. He joined NEP after working at Credit Suisse First Boston in its global industrial and services group and at The Prudential Capital Group. Sondell is a graduate of Emory University and earned an M.B.A. from the Kellogg School of Management at Northwestern University.

“NEP is in an expansion period with extraordinary capital availability. Along with our previous announcement of the addition of two partners and a chief financial officer, we are adding resources to grow our capacity and leverage our sound strategy of building businesses,” said Tim DeVries, NEP managing partner.

About Norwest Equity Partners

Founded in 1961, Norwest Equity Partners (NEP) is a leading middle market investment firm headquartered in Minneapolis, MN. NEP invests equity capital in companies that are leaders in their industry with a proven business model which has demonstrated the ability to generate profits. NEP has extensive experience with management buyouts, recapitalizations and growth financings, including working with founder and family-owned companies. Targeted equity investment size range for each transaction is $30 MM-$250+ MM and desired industries for investment opportunities include agriculture, business services, consumer, distribution, industrials, energy, and healthcare. Raising more than $7 billion in capital over the years, NEP is currently investing NEP X, a $1.6 billion fund. More information can be found on

NEP Media Contact:
Heather Goodwin
Chief Marketing and Communications Officer

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