Jack Dempsey Joins Norwest Equity Partners as Senior Advisor

May 18, 2011

Minneapolis, Minnesota – Norwest Equity Partners (“NEP”), a leading middle market equity investment firm, has announced that Jack Dempsey has joined its staff in a senior advisor role. As a senior advisor, Jack will focus on advising the NEP investment team on portfolio company strategy and operations, along with sourcing and evaluating investment opportunities within the water/filtration industry sector.

Timothy DeVries, NEP Managing General Partner, stated, “On behalf of the NEP partnership, I am excited to have Jack join our team. The senior advisor role at NEP provides a terrific resource to not only our investment staff but to our portfolio company management teams as well. Jack’s years of executive leadership, company experience, and broad industry knowledge will complement NEP’s investment strategy and help give our firm a competitive advantage with seeking new investment opportunities.”

Prior to NEP, Jack was in an executive leadership role at Pentair Inc., a Minneapolis-based global diversified industrial company. He most recently served as President of the Filtration Solutions Global Business, Pentair’s business line that manufactured and sold filtration and purification products for commercial, industrial and municipal markets all around the world. Prior to that role, he was President of the North American Water Filtration business, which sold into consumer/residential, commercial and industrial filtration markets. Jack started his Pentair career in 2005 as Senior Vice President of Operations and Technology, responsible for sourcing, lean manufacturing and low cost country operations.

Before his time at Pentair, Jack spent 18 years as a senior partner at McKinsey and Company where he worked on strategy and operations engagements with companies across multiple industries and geographic locations.

“I’m honored to have the opportunity to join the NEP team. The firm has established an impressive investment track record over the last 50 years, and I’m excited to leverage our combined resources to find additional successful investment opportunities,” stated Jack.