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Goldner Hawn

Private equity

Minneapolis · Growth · 21 people tracked

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Investment thesis

Goldner Hawn takes a patient, long-term approach to investing, aiming to build sustainable growth rather than scaling for its own sake. The firm positions itself as a partner to business owners and management teams, providing strategic guidance drawn from experience across many sectors and cycles. It favors aligned incentives, inviting management to invest on the same terms, and structures straightforward transactions with prudent, non-aggressive use of leverage. Growth is supported by investing in the human capital, technology, systems, processes, and infrastructure needed to scale. The firm concentrates on sectors where it brings the greatest value—specialty manufacturing, value-added distribution, consumer products, and business services—often tapping its networks for additional strategic insight.

Source: firm website, verified Aug 25, 2026.

Stage
Growth
HQ
Minneapolis, MN, US
Instruments
Equity · Debt
Founded
1989
AUM
$898.9M
Tracked investments
52

Team · 21 people

from the firm's website
Jack Morrison

Co-founder of Goldner Hawn, established in Minneapolis in 1989.

Mike Goldner

Co-founder of Goldner Hawn, which he helped establish in Minneapolis in 1989.

Tim Johnson

Co-founder of Goldner Hawn, established in Minneapolis in 1989.

Van Zandt Hawn

Co-founder of Goldner Hawn, established in Minneapolis in 1989.

What they invest in

from 4 of 52 portfolio companies

Advanced Manufacturing ×2Construction Tech ×1Cybersecurity ×1Energy ×1Enterprise Software ×1FoodTech ×1Hardware ×1PropTech ×1

HQs:United States×2

Investments · 52 tracked

founders shown can be your intro path
Adherex Group
Allen Edmonds

Co-investorsBrentwood Associates

American Engineered Components
American Lock
Applied Adhesives
Armor Animal Health
Bankers Systems
Byerly’s
Cameron’s
Claire-Sprayway Inc.
Concept Advanced Manufacturing Solutions
Control Devices
Crescent Sleep Products
CTM Group
Cyber Advisorscyberadvisors.com

Cyber Advisors is a security-led IT company offering managed IT services, managed security services, offensive security testing, risk management, and advisory services such as vCISO and vCTO for businesses of all sizes.

CybersecurityEnterprise Software

Deltak
Hartzell Manufacturing
Havco Wood Products
Houlihan’s Restaurants
Imperial Plastics
Jacobson Machine Works
Knutson Mortgage
Lancaster Laboratories
Lone Star Environmental Companies
Mark VII Equipment
Matrix Adhesives
Michael Foodsmichaelfoods.com

Michael Foods manufactures and supplies industrial and foodservice egg and potato products, offering ready-to-use, bulk food solutions for high-volume operations.

Advanced ManufacturingFoodTech

Co-investorsVestar Capital Partners

Mid America Entertainment
Mid Valley Industries
Midas Foods
Nexterra Environmental
North America Central School Bus
Petermann Bus Company
Quest Events
Remmele Engineering
Renovation Systemsrenovationsystems.com

Renovation Systems is a property services company that installs flooring and provides related renovation solutions for property owners, handling large volumes of orders including same- and next-day fulfillment.

Construction TechPropTechMinneapolis, US

Samuel Lawrence Furniture
Specialty Commodities
Stellar
Steven Label
Stouse
Terra Firma
Transport America
Trystartrystar.com

Trystar designs, engineers, and manufactures customized power solutions and products for use across markets including data centers, events and entertainment, healthcare, disaster response, and utilities.

Advanced ManufacturingEnergyHardware

Union Metal Corporation
Universal Turbine Parts
VICORP Restaurants
Vitality Foodservice
Western Reserve Products
Westlake Hardware
Wilson’s Leather
Woodcraft Industries

Fund performance · per public LP disclosures · 2

as of Dec 2025
FundVintageCommittedNet IRRTVPIDPI
Goldner Hawn VIIILPs: Minnesota State Board of Investment20238.4%1.15x0.00x
Goldner Hawn Fund VII, L.P.LPs: Minnesota State Board of Investment201826.0%2.05x1.03x

Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).

Frequently asked questions

How many investments has Goldner Hawn made?
Goldner Hawn has 52 tracked investments.
What stage does Goldner Hawn invest at?
Goldner Hawn invests at the Growth stage.
What sectors does Goldner Hawn focus on?
Goldner Hawn focuses on Advanced Manufacturing, Consumer, Logistics & Supply Chain.
Where is Goldner Hawn located?
Goldner Hawn is headquartered in Minneapolis, US.

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