Managing Director and Partner

Brent’s most unique job: Hamburglar.

Brent Adam joined Borgman Capital as the Chief Financial Officer in 2020 and was named a partner and managing director in 2023. He has over 20 years of finance and accounting experience with a focus on mergers and acquisitions. Brent started his career with Ernst & Young, where he spent 14 years primarily in the mergers and acquisitions group.  Brent then joined a venture capital firm and eventually became CFO of one of its portfolio companies, guiding it to a successful exit to a publicly traded company. He has been involved in hundreds of M&A transactions, with deals ranging from $1 million to $6 billion in enterprise value.

Brent received both a Bachelor’s in Business Administration, majoring in accounting, and Master’s of Accountancy from the University of Wisconsin-Madison. He serves on the board of directors of Olympus Group, YPO Wisconsin, and several of Borgman Capital's portfolio companies. In 2022, Brent was named a 2022 Notable CFO by BizTimes Milwaukee.

brent.adam@borgmancapital.com

https://www.linkedin.com/in/brent-adam-84672232/

Milwaukee

Managing Director

Ben’s first job: Making photo copies.

Ben Axelrod joined the firm as a managing director in 2023 to initiate Borgman Capital’s presence in the Twin Cities. He brings more than 20 years of business sale, merger, and acquisition experience to Borgman Capital. Prior to joining, Ben was a managing director and group head of the investment banking practice at CLA.

Ben’s passion is working with leaders of family-owned businesses to help them position their companies for the next chapter of ownership and growth. Over his career, he has completed over 70 M&A transactions, primarily assisting small and medium-sized businesses.

Previously, Ben worked in the Minneapolis offices of Lazard, as well as RBC Capital Markets. He began his career in mergers and acquisitions in Frankfurt, Germany at BHF Bank. Ben received a Bachelor of Arts, majoring in economics with a minor in international relations from Stanford University.

ben.axelrod@borgmancapital.com

https://www.linkedin.com/in/axelrod-ben/

Twin Cities

Founder and CEO

Sequoya’s most unique job: Door-to-door satellite dish sales (the giant ones).

Sequoya Borgman is the Founder and CEO of Borgman Capital, an investment firm specializing in acquiring majority interests in well-established, closely held lower-middle market companies, a role he has held since October 2017. With more than two decades of experience in mergers and acquisitions, including structuring, planning, and due diligence, Sequoya brings extensive expertise to the firm.

Before founding Borgman Capital , Sequoya was a Partner and practice leader at RSM US LLP, a leading multi-national public accounting firm, from August 2012 to October 2017. Much of his practice involved working with private equity firms and their portfolio companies. Prior to his tenure at RSM US LLP, he served as a practice leader and Managing Director at KPMG LLP. Throughout his career, Sequoya has advised on numerous complex transactions for both large public companies and small private firms, including those with international operations. He has been involved in hundreds of mergers, acquisitions, restructurings, and financing transactions.

Sequoya holds both a Master’s and a Bachelor’s degree in Accounting from East Carolina University. He is also an inactive Certified Public Accountant and actively contributes to the community by serving on the boards of various public companies, private companies, non-profit organizations, and professional associations.

sequoya.borgman@borgmancapital.com

https://www.linkedin.com/in/sequoya-borgman-8a6057a/

Milwaukee

Vice President

Megan’s first job: Barista at Starbucks.

Megan Brobson is a vice president at Borgman Capital. She joined the firm in 2019 as an analyst. Prior to working at Borgman Capital, she spent six years working in client finance at subsidiaries of two global, public companies – WPP PLC and Publicis Group S.A. Megan focused primarily on forecasting and financial analysis, driving growth and profitability across her client businesses and improving internal agency wide operational processes.

She is involved in a variety of non-profit and professional organizations including the Midwest Business Brokers and Intermediaries - Wisconsin Chapter board, Marquette University National Board of Directors Young Alumni Leadership Council, and United Way of Greater Milwaukee & Waukesha County Investment Committee. She also serves on the board of Durex Products, Inc.

Megan holds a bachelor’s degree from Marquette University in finance and marketing. Outside of professional pursuits, Megan enjoys spending time outdoors, traveling and cooking.

megan.brobson@borgmancapital.com

https://www.linkedin.com/in/megan-brobson-6191b627/

Milwaukee

Vice President-Real Estate Investments

Kemp’s most unique job: Maintenance manager at a fly fishing lodge in Alaska.

As Vice President-Real Estate Investments, Kemp Collings is responsible for sourcing and executing real estate acquisitions for the firm. Additionally, he supports real estate initiatives for portfolio companies. Prior to joining Borgman Capital, Kemp worked on Investment Advisory teams at Founders 3 in Milwaukee and HFF Capital Markets (later acquired by JLL) in Chicago. Prior to HFF, he spent five years working overseas for Related Companies and the American Chamber of Commerce in China. While working for Related, Kemp spent three years on their capital markets team and raised private equity capital for mixed-use development projects in New York and Florida.

Kemp graduated from Southern Methodist University in Dallas, where he earned a Bachelor of Business Administration degree from the Cox School of Business with a major in Finance and a minor in Mandarin Chinese.

kemp.collings@borgmancapital.com

https://www.linkedin.com/in/kempcollings/

Milwaukee

Fund Administrator and Marketing Manager

Marit’s first job: Grocery store cashier/bagger/stocker.

Marit Harm is the Fund Administrator and Marketing Manager at Borgman Capital, with responsibility for office operations, firm marketing and communications, events, investor relations, employee/HR initiatives, and other special projects.

Previously, Marit spent six years working at TEMPO, a membership organization for executive women in Southeastern Wisconsin. There, she held various roles with a focus on member experience, marketing communications, event planning, fundraising and program management. Prior to that, Marit worked at two B2B marketing agencies providing public relations counsel to clients in the agricultural and manufacturing industries.

A native of St. Paul, Minnesota, Marit holds a B.A. in Journalism, Advertising and Media Studies from the University of Wisconsin-Milwaukee and a minor in Spanish. She is the past board secretary of Mom's Mental Health Initiative, a member of the Rotary Club of Milwaukee and an alumni mentor at UW-Milwaukee.

marit.harm@borgmancapital.com

https://www.linkedin.com/in/maritharm/

Milwaukee

Bookkeeper

Sarah's first job: Cashier at Home Depot.

Sarah Halstead joined Borgman Capital in 2024 as the firm's bookkeeper. She initially spent nine years in IT Project Management for large corporations before transitioning to focus on bringing the organizational processes and rigor of the larger corporate entities to a variety of small businesses. Over the next nine years she held various positions focusing on improving the Operations, Finance, and HR segments of these businesses.

Originally from Michigan, Sarah graduated with her BBA from University of Michigan. Outside of work, she enjoys photography, cooking, learning new Excel keyboard shortcuts, and volunteering with the Girl Scouts.

sarah.halstead@borgmancapital.com

https://www.linkedin.com/in/sarahhanchar/

Milwaukee

Managing Director - Portfolio Management

Marc’s first job: Worked for a locally owned convenience store with its own dairy, sorting cans and stocking milk in the walk-in fridge.

Marc Hill is the Managing Director – Portfolio Management at Borgman Capital, overseeing value creation and driving growth strategies within the firm’s portfolio of operating companies. He joined the firm in October 2024, bringing extensive experience in leadership roles with public and private equity backed companies.

Most recently, Marc served for seven years as chief executive officer of Milwaukee pet food company Stella and Chewy’s. Prior to that, he served as president and CEO of outdoor recreation equipment supplier Coleman. Past roles include CEO of the U.S. Playing Card Co., owner of the Bicycle brand, and Divisional Senior Vice President at Techtronic Industries Co. Ltd., the parent company of Milwaukee Tool. He started his career with Black and Decker and helped launch DeWalt in Europe.

Marc earned a Bachelor of Science degree in Marketing and Management from the University of Oregon—Charles H. Lundquist College of Business. He is based in Portland, Oregon, where he resides with his wife and daughter. Locally, Marc is a Member of the Board of Trustees of Catlin Gabel School. Marc is also an active member of the Young Presidents’ Organization (YPO) and the Association for Corporate Governance (ACG).

marc.hill@borgmancapital.com

https://www.linkedin.com/in/marc-hill-181642/

Portland, OR

Director-Real Estate Investments

Matt’s first job: Milking cows on his uncle’s farm.

Matt Kiefer joined Borgman Capital in 2020 to launch the firm’s real estate practice. As Director-Real Estate Investments, he focuses on improving communities and creating value through developing and investing in quality assets located in strong markets with upside growth.He has completed numerous successful transactions where he was responsible for market analysis, due diligence, financial underwriting, syndication, capital markets, strategic planning and asset management. Additionally, Matt’s diverse background includes 10 years of experience as a management consultant and strategic marketer with roles in mergers and acquisitions, strategy, data analytics, product management and new product development. A large part of his consulting career was spent at West Monroe Partners.

Matt earned his Bachelor of Science in Chemical Engineering from Purdue University where he also played basketball. He holds his Indiana real estate brokerage license and is an active volunteer in his community. Further, he is co-founder and Managing Partner at Luigs Keifer Group which holds a half million square feet of office and industrial properties in the Midwest.

matt.kiefer@borgmancapital.com

https://www.linkedin.com/in/kiefermatt/

Milwaukee

Analyst

Adam’s first job: Golf cart attendant.

Adam Kuborn joined Borgman Capital as an analyst in August 2023. In his role he assists with new investment analysis, financial modeling, transaction due diligence and portfolio company support and analysis.Adam worked at Western Union for two years as a risk manager in Denver, overseeing the credit risk program and holding credit approval authority for North American clients. Prior to Western Union, Adam spent four years within commercial banking, underwriting new debt facilities and monitoring an existing lending portfolio based in Boulder, Colorado.

Adam is a graduate of the University of Wisconsin-Madison and double majored in finance and real estate. He serves the community as a community impact volunteer with Operation Warm, and as an advisory board member of AllKind Project.

adam.kuborn@borgmancapital.com

https://www.linkedin.com/in/adam-kuborn-b8645aa3/

Milwaukee

Managing Director and Partner

Mike’s most unique job: Live-in aide for a quadriplegic.

Mike Pepke is a partner and managing director with Borgman Capital. He is also a retired shareholder at the law firm of Reinhart Boerner Van Deuren s.c. where he worked for 41 years. Mike’s extensive experience allows him to contribute practical, real-world advice to clients regarding complex legal and business matters.

Over his career, Mike has provided legal counsel to a wide range of companies involved in various industries. He's also served as general counsel to privately-owned companies, with a focus on acquisitions and succession planning. At Borgman Capital, he focuses on expanding the firm’s deal flow and managing investment strategies.

Mike holds a B.A. from the University of Wisconsin-Madison, an M.A. from the University of Michigan and a J.D. from Cornell University Law School. He is a board member of several private companies including Evans Transportation, Clasen Quality Chocolates, and Kessler's Diamonds.

michael.pepke@borgmancapital.com

https://www.linkedin.com/in/michael-pepke-2654581/

Milwaukee

Senior Associate

Matthew’s first job: Lawn mowing.

Matthew Pikus is a senior associate at Borgman Capital. He joined the firm as an associate in July 2021. He is responsible for new investment analysis, financial modeling, transaction due diligence and portfolio company support and analysis.

Prior to joining Borgman Capital, Matthew spent three years with Wells Fargo’s Middle Market Banking team. During his time there, he was responsible for structuring new debt facilities and underwriting a portfolio of existing middle market customers. Prior to Wells Fargo, Matthew spent time interning in equity research and at a sports-focused start-up.

Originally from Kansas City, Matthew holds a bachelor’s degree from Saint Louis University in finance.

matthew.pikus@borgmancapital.com

https://www.linkedin.com/in/matthew-pikus-4bb15097/

Milwaukee

Vice President

Alex’s first job: Golf caddy.

Alex Reinhart is a vice president at Borgman Capital. He joined the firm as an associate in 2018. Prior to working at Borgman Capital, Alex worked for several years in Capital Markets for Santander Consumer USA, a Texas-based consumer finance company. Alex started his career working for Barclays Capital where he spent seven years working as a Risk Management Analyst and in Prime Services.

He is involved with a variety of non-profit and professional organizations including First Tee - Southeast Wisconsin's development committee and the ACG Next Gen board. Alex holds a bachelor’s degree from Duke University and a master’s degree in business from the University of Texas. Outside of professional pursuits, he enjoys golfing, running and skiing.

alex.reinhart@borgmancapital.com

https://www.linkedin.com/in/alex-reinhart-80345814/

Milwaukee