David Hiemstra

David Hiemstra Email and Phone Number

Managing Partner at Penstock Equity @ Penstock Equity
David Hiemstra's Location
Birmingham, Michigan, United States, United States
David Hiemstra's Contact Details
About David Hiemstra

Experienced private capital investor with over 25 years of experience with middle market companies. Dave has participated in more than 50 private capital transactions as a principal investor, totaling over $700 million in total enterprise value and over $300 million of equity and junior capital. In addition to supporting management by serving on the boards of multiple companies, Dave has developed expertise in sourcing transaction opportunities, evaluating businesses and industries, conducting and facilitating due diligence, raising capital, and negotiating transaction documents. Dave invests his personal capital in every transaction and is supported by a broad network of debt and equity co-investors and transaction advisors. Dave was born and raised in the Midwest and earned his Bachelor of Business Administration degree from the Ross School of Business at the University of Michigan, where he also earned his Masters of Business Administration degree with high distinction. Since 2013, Dave has taught an MBA course at Ross titled “Entrepreneurship through Acquisition”. He also currently runs the “Zell Entrepreneurship through Acquisition Program” under the Zell-Lurie Institute at Ross, mentoring more than a dozen students each year in pursuit of careers in search funds, private equity, and mergers & acquisitions.

David Hiemstra's Current Company Details
Penstock Equity

Penstock Equity

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Managing Partner at Penstock Equity
David Hiemstra Work Experience Details
  • Penstock Equity
    Managing Partner
    Penstock Equity Oct 2022 - Present
    Birmingham, Mi
    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.
  • Quadec Private Capital Llc
    Founder & Principal
    Quadec Private Capital Llc Mar 2021 - Present
    Birmingham, Michigan, United States
    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.
  • Peninsula Capital Partners L.L.C.
    Partner
    Peninsula Capital Partners L.L.C. Feb 2020 - Mar 2021
    Detroit, Michigan, United States
  • Peninsula Capital Partners Llc
    Director
    Peninsula Capital Partners Llc Mar 2016 - Feb 2020
    Greater Detroit Area
    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.
  • Strength Capital Partners
    Partner
    Strength Capital Partners Sep 2005 - Mar 2016
    Birmingham, Mi
    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.
  • Pricewaterhousecoopers
    Manager, Transaction Services
    Pricewaterhousecoopers 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.

David Hiemstra Education Details

Frequently Asked Questions about David Hiemstra

What company does David Hiemstra work for?

David Hiemstra works for Penstock Equity

What is David Hiemstra's role at the current company?

David Hiemstra's current role is Managing Partner at Penstock Equity.

What is David Hiemstra's email address?

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What is David Hiemstra's direct phone number?

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What schools did David Hiemstra attend?

David Hiemstra attended University Of Michigan - Stephen M. Ross School Of Business.

What are some of David Hiemstra's interests?

David Hiemstra has interest in Cooking, Investing, Electronics, Home Improvement, Donor, Reading, Sports, Travel, Home Decoration.

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