MINNEAPOLIS--(BUSINESS WIRE)--Norwest Equity Partners (“NEP”), a leading middle market investment firm, has announced that Nicole Strait has joined its staff as Chief of Organization Strategy. In this role, Strait will be responsible for designing and building the firm’s organization strategy and capabilities needed to execute its operations as a leading middle market equity investor. In addition to her role internally at NEP, she will serve as a senior advisory resource for NEP portfolio management teams, human resource teams, and Board of Managers providing organization strategy and design, coaching support, and human resource (HR) functional best practices.
Tim DeVries, NEP Managing General Partner, stated, “On behalf of the NEP partnership, I am thrilled to have Nicole join our team as she is a proven human resource organization strategist with deep functional expertise. Our firm has been fortunate to work with Nicole over the last several years as she provided advisory consulting to our portfolio companies. In this newly created role at NEP, Nicole will continue providing this critical resource to portfolio company management teams as well as work with our investment staff and firm at large. She has strong business acumen and is an effective business partner across the organization.”
With more than 20 years of HR career experience, Strait has served as a key member of senior leadership teams providing a breadth of HR advisory services, including business process development, acquisition integration, organization effectiveness, compensation design, talent strategy, change management, recruiting, leadership coaching and team development.
Prior to joining NEP in 2014, Strait was a founding partner at River Rock Partners, a management consulting firm focused on assisting both privately- and publicly-held clients in successfully planning and navigating through critical business transformations, including growth strategy planning, M&A due diligence and integration, and organization effectiveness and culture development. Her other notable human resource leadership career experience includes working for CNS (the Breathe Right® company), International Multifoods, Simondelivers.com, The Pillsbury Company, and Cargill.
Strait received her BBA degree in Industrial Relations and Human Resources Management from the University of Iowa.
Norwest Equity Partners (NEP) is a leading middle market investment firm focused on partnering with business owners to build their companies into industry leaders. With a reputation for quality investments and exceptional financial returns since 1961, NEP manages nearly $5 billion of capital through a series of equity and mezzanine funds. Offering creative and flexible transaction solutions, NEP seeks $30-$150 million equity investment opportunities for growing and profitable companies within the agriculture, applied technology, business services, consumer products and services, distribution, diversified industrials, and healthcare sectors. NEP is based in Minneapolis. Please visit nep.com for more information.