Private equity invests across party lines
BY DREW MALONEY AND BRETT PALMER, OPINION CONTRIBUTOR — 11/13/18 02:00 PM EST
PUBLISHED IN THE HILL
Sauk Rapids, Minn., probably isn’t the first place people associate with private equity, but it’s one of the thousands of communities across the country where private-equity investors are fueling job and economic growth.
The small city on the banks of the Mississippi River is home to Talon Innovations Corp., a manufacturer of precision machining equipment for the semiconductor industry. In 2013, private-equity firm Graycliff Partners acquired the company. At the time, Talon employed 98 people.