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Over the last seven decades the Mortenson Family's ethos has guided them as they have built the M.A. Mortenson Companies into a premier general construction company in the United States and abroad. To further their passion for stewardship, the family started the Vermilion Group to extend this value into impact investing to build greater good, and make positive social, economic and environmental impact. The Vermilion Group seeks to make investments in lower middle market equity companies primarily in the Upper Midwest/Great Lakes regions of the U.S., with revenues of $5 million to $75 million, and EBITDA of $2 million to $12 million. The firm is industry agnostic with experience across manufacturing, distribution and business services. The Vermilion Group also makes investments through the Mortenson Family Foundation. The mission of the Mortenson Family Foundation is to build partnerships to strengthen community-driven approaches that advance equity, opportunity, and sustainable systems. This work is steeped in the core values of Community, Service, Family, Integrity, Responsibility and Humility. Since 1999 the Foundation has been focused on the following areas of interest: Expanding opportunities for Children and Families (Minneapolis and St. Paul); Sustaining environmental systems (Minnesota); and Strengthening developing communities (Africa and Central America). In addition to the Foundation using its assets to make grants to support the areas of interest, it also deploys an Impact Investing strategy with its assets to make an impact. The Foundation seeks to invest to provide both a social and environmental benefit to communities as well as a financial return to ensure a stable capital base for grantmaking well into the future.
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