A Twin Cities based entrepreneurial investment fund seeking to acquire and actively manage one special business
Armatage Capital was founded by Randy Rempp and is backed by a diverse group of experienced entrepreneurs and investors, who back an operator to acquire and manage one company.
With direct ownership and investing experience across a multitude of industries our investors bring much more than capital. With a commitment to growing and continuing a legacy, our investors will serve as advisors and directors in an acquired company.
Direct involvement and commitment by our investors helps Armatage streamline the transaction process in a friendly and efficient manner.
FOunder and Managing Partner
Randy Rempp is the Founder and Managing Partner of Armatage Capital. Randy is responsible for the operations of Armatage and its acquisition strategy. Upon acquisition Randy will assume the duties of managing day to day operations of the acquired company.
Prior to founding Armatage Capital, Randy was the President of a Twin Cities based financial services and technology company. Randy and his team were responsible for turning around the company, nearly doubling revenue, and seeing a greater than 100% improvement in EBITDA. Randy utilized the Entrepreneurial Operating System as one of the systems for driving the business.
Prior to taking on the President role, Randy previously served as the chief legal officer focused on corporate governance, contracts, business development, and financial services regulation.
Randy received BAs in Political Science and Philosophy from Brown University and a JD from the University of Minnesota Law School.
Select investors & advisors
Stan is the founder and president of Baratz Financial, Inc., a Minneapolis-based company specializing in the private placement of debt and equity for growing Midwestern companies. Prior to founding Baratz Financial, he served as a partner and executive vice president of Minnesota's largest full-service real estate firm, Welsh Companies. During his tenure at Welsh Companies, the company grew to become the largest property management firm in the state with over 16 million sq. ft. of industrial, office, retail and multifamily properties under management. In addition, Baratz arranged over $400 million in acquisition and disposition activities. Prior to joining Welsh Companies, Baratz was the senior vice president of Northland Financial Co. where he originated, underwrote and placed over $450 million in commercial real estate transactions. Baratz received his MBA from the University of Minnesota's Carlson School of Management and his B.A. from American University
Tomas Bergstrand is the founder of Archipelago Ventures, LLC, a Boston-based private investment firm established in 2008. Archipelago Ventures serve as a vehicle for diversifying assets into privately held investments. Since its founding, Archipelago has made investments in search funds, search fund acquisitions and in select startup ventures in the United States and in Europe. Prior to Archipelago Ventures, Tomas owned and managed a custom boat building business based in Massachusetts. He also served as chief financial officer at institutional brokerage Enskilda Securities, Inc in New York City and held operational positions for the Swedish banking group SEB in Singapore and the United States. Tomas holds a Master’s degree in Finance from the School of International and Public Affairs at Columbia University and a Bachelor’s degree from Bryant University in Rhode Island.
Craig Burr was a founder of Burr, Egan, Deleage & Co., a private investment firm. Mr. Burr's career has been devoted almost exclusively to venture capital and private equity activities. Previously, Mr. Burr was a Partner at TA Associates. In addition, he has been a member of the Board of Directors of the New England Venture Capital Association and currently serves on the Board of Directors of several private companies. Mr. Burr received his Bachelors Degree, cum laude, from Harvard College and his M.B.A. from Harvard Business School.
Matthew Burr is a general partner at Matland Capital, where he is responsible for a hedge fund portfolio and is also active in making private investments. He previously worked at Cambridge Associates, where he was a hedge fund analyst and also assisted universities, foundations, and high net worth families with asset allocation, investment manager selection, and market research. Mr. Burr received his BA, cum laude, from Harvard University, and has a master's degree from Duke University in Environmental Management.
David Dodson is a member of the faculty at the Stanford Graduate School of Business where he teaches courses on entrepreneurship. Mr. Dodson formally served as the CEO or Chairman of six for-profit companies. Additionally, Mr. Dodson has served on the boards of 18 companies in which he was also a private investor. He is the founder and President of Project Healthy Children, a nongovernmental organization that works with governments and private industry to establish food fortification and supplementation programs to improve the health of women and children around the world. Project Healthy Children currently works in Burundi, Malawi, Rwanda, Nepal, and Liberia.Mr. Dodson holds a B.A. from Stanford University (Economics), and an M.B.A. from the Stanford University Graduate School of Business.
Bill Egan is founder and General Partner of Alta Communications and Marion Equity Partners, LP, Massachusetts-based venture capital firms. He founded Alta’s predecessor firm, Burr, Egan, Deleage & Co. in 1979, and has identified and backed several of America’s leading growth companies in the information technology, life sciences, and communications industries. Prior to founding Burr, Egan, Deleage & Co., Mr. Egan was a Partner at TA Associates. He began his career as a Manager of Venture Capital for New England Enterprise Capital Corporation. He is past President and Chairman of the National Venture Capital Association, a Trustee of Fairfield University, a member of the Board of Overseers of The Wharton School and a Trustee of the University of Pennsylvania. He is a member of the Board of Directors of CRH plc, and a number of privately held companies. Mr. Egan is also a trustee of the Isabella Stewart Gardner Museum and the Duniry Foundation. Mr. Egan received a degree in Economics from Fairfield University and an MBA from The Wharton School.
Chris Lueck is currently the CEO of FastSpring, an eCommerce platform for software and digital products backed by Accel-KKR. Prior to joining FastSpring, Chris was a co-founder and Managing Partner of Pylon Capital, an entrepreneurial investment firm focused on investing in high growth, technology-enabled service companies. Chris previously managed product development for Nyko Technologies, the leading video game accessory company in North America. Before Nyko, he was a product engineer at Qualcomm, where he worked on the development of mobile communications chips, including the world's first 3G communications chip. Chris holds a BS in Electrical Engineering from the University of Virginia, and an MBA with honors from the University of Southern California Marshall School of Business, where he was a Leadership and Academic Scholar.
Joseph Niehaus is currently a Managing Director with Housatonic Partners, a Boston based private equity fund with $1 billion in capital under management. Mr. Niehaus was a Managing Director at Hellman & Friedman before joining Housatonic Partners in 2001. During his twelve-year career at Hellman & Friedman, he was involved in several of the firm's recurring services, media and communications investments including Eller Media, Falcon Cable, and Mitchell International. Earlier in his career, Mr. Niehaus was employed in the Merchant Banking and Mergers and Acquisitions departments at Morgan Stanley & Co. Mr. Niehaus is a graduate of Dartmouth College and the Harvard Business School. He is a Director of Aircraft Fasteners International, LLC; California Communications, LLC; Continental Fire & Safety Services, LLC; Convergent Broadcasting, LLC; HemaSource, Inc.; ResponseLink, LLC and South Florida Media Group, LLC.
William Thorndike founded Housatonic Partners in Boston in 1994 and has been Managing Director since that time. Currently, Housatonic Partners manages over $1 billion in capital. Prior to that, Mr. Thorndike worked with T. Rowe Price Associates and Walker & Company, where he was named to the Board of Directors. Mr. Thorndike is a graduate of Harvard College and the Stanford Graduate School of Business. He is a Director of Access Information Management; Alta Colleges; Continental Fire & Safety Services, LLC, Carillon Assisted Living, LLC; Liberty Towers, LLC; OASIS Group Ltd.; QMC International, LLC; White Flower Farm, Inc., a Trustee of Stanford Business School Trust, the College of the Atlantic (Chair) and a founding partner at FARM, a social impact investing collaborative. He is the author of The Outsiders: Eight Unconventional CEOs and Their Radically Rational Blueprint for Success.
Mr. Tomasevic is the CEO and board member of EZR Logistics, a national reverse logistics service provider and asset rental company that he acquired through the search fund model. Prior to leading EZR, he founded Toma Capital Management, LLC. Ned has built his career as an operating executive, entrepreneur, and investor. Ned earned his dual Masters degrees from the University of Michigan, receiving an MBA in Business Administration and an MA in Foreign Policy. He received his dual BS degrees from the University of Minnesota in Business Administration and Psychology. He is based in Manhattan Beach, California.
Lacey joined Hunter Trust in 2009 and manages the sourcing, assessment, and management of new investment opportunities with an emphasis on search funds. She sits on the board of a health care manufacturing and distribution company and has board observer seats at several other operating companies. Prior to joining Hunter Trust, Lacey consulted for health care start-ups and the Center for Entrepreneurial Studies at the Stanford Graduate School of Business. Before that, she was a health care investment banker at Deutsche Bank. Lacey received a BA from the University of Colorado and an MBA from the Stanford GSB. Lacey resides in Park City, Utah.