David Hiemstra

Managing Partner at Penstock Equity
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Contact Information
us****@****om
(386) 825-5501
Location
Birmingham, Michigan, United States, US

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Experience

    • United States
    • Venture Capital and Private Equity Principals
    • 1 - 100 Employee
    • Managing Partner
      • Oct 2022 - Present

      Penstock Equity is a provider of equity capital focused exclusively on independent sponsor-led transactions. The Penstock Equity team consists of experienced private equity capital investors who understand the unique needs of independent sponsors. ​Penstock is a committed fund with the explicit mandate to invest equity into independent sponsor-led transactions. In addition, the professionals at Penstock can provide support and guidance through the diligence, negotiation, documentation, and ownership phases of a transaction if the situation requires. Show less

    • United States
    • Venture Capital and Private Equity Principals
    • Founder & Principal
      • Mar 2021 - Present

      Quadec Private Capital is an independent private capital firm pursuing investments in outstanding companies in the United States with EBITDA between $2 million and $20 million. Quadec seeks to align companies and management teams with the appropriate capital structure to create enduring value. We invest in a diverse range of industries, including manufacturing, distribution, business services and industrial services. We are particularly focused on situations where management or current business owners are seeking a liquidity event, but also have a desire to retain a meaningful ownership stake and pursue organic and acquisitive growth. Our role is to support management with strategic guidance and our ability to identify, evaluate, and execute add-on acquisition opportunities. Show less

    • United States
    • Financial Services
    • 1 - 100 Employee
    • Partner
      • Feb 2020 - Mar 2021

    • Director
      • Mar 2016 - Feb 2020

      Peninsula Capital Partners L.L.C. is an investment company, founded in 1995, specializing in providing junior capital, including subordinated debt, preferred stock or common stock, either as a minority or control investor, to superior middle-market companies. We have raised seven investment partnerships totaling $2.0 billion of committed capital, from which we have made over 130 investments in a wide range of industries, including among others aerospace, manufacturing, information technology, industrial and professional service, consumer products, retail, food and distribution concerns. Show less

    • United States
    • Venture Capital and Private Equity Principals
    • 1 - 100 Employee
    • Partner
      • Sep 2005 - Mar 2016

      Strength Capital is a Birmingham, Michigan-based private equity firm that invests in businesses with $4 million to $20 million in EBITDA, with a primary focus on platforms in the Central United States. Strength Capital is a Birmingham, Michigan-based private equity firm that invests in businesses with $4 million to $20 million in EBITDA, with a primary focus on platforms in the Central United States.

    • Manager, Transaction Services
      • May 1998 - Sep 2005

      Focused on accounting and financial due diligence for private equity and strategic acquirers. Prior to joining the Transaction Services Practice, worked in the middle market audit practice. Focused on accounting and financial due diligence for private equity and strategic acquirers. Prior to joining the Transaction Services Practice, worked in the middle market audit practice.

Education

  • University of Michigan - Stephen M. Ross School of Business
    MBA, Finance and Corporate Strategy
    2002 - 2004

Community

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