Jack Johnson

Jack Johnson is a Vice President at Medallion Capital, Inc., a private-capital firm in Excelsior, Minnesota. He joined the firm in 2019 and focuses on evaluating new investment opportunities and monitoring the performance of portfolio companies. (Note: the title "Associate" in older directory data is outdated — current firm materials list him as Vice President.)

Before joining Medallion Capital, Johnson spent several years at Bayview Capital Group, a boutique investment bank focused on lower-middle-market sell-side M&A transactions. That background in sell-side advisory work for smaller companies maps directly onto Medallion's deal flow of buyouts, recapitalizations, and growth financings for lower-middle-market businesses. He holds a B.A. in Finance and Economics from Northwestern College.

Medallion Capital itself was founded in 1987 and operates one of the oldest evergreen SBIC licenses in the country. Because the license is evergreen rather than tied to a traditional fund life, the firm can hold subordinated debt and minority equity positions for as long as the business relationship warrants. The investment team is led by Aaron Price (Senior Managing Director and President) and includes Anna Drouches (Managing Director and CFO), Johnson, Joe Morris (Senior Associate), and Ryan Fox (Associate), with Stephen Lewis and Dean R. Pickerell serving as advisors and investment committee members.

• Invests as a mezzanine/subordinated-debt and minority-equity provider — this is not seed-stage angel investing; the firm backs established, cash-flowing small businesses, not pre-revenue startups
• Typical investments of roughly $2 million and greater, with $200M+ deployed in subordinated debt and equity since 2017
• Five core sectors: Manufacturing & Industrials, Business Services & Construction-Related, Healthcare & Public Safety, Technology & Analytics, and Food & Consumer Products
• Capital is used for sponsored buyouts, management buyouts, acquisition financing, recapitalizations, and expansion — frequently alongside independent sponsors and private equity firms
• Firm positioning, in its own words, centers on being "passionate about small businesses" and helping them "adapt to unique circumstances," leveraging an evergreen SBIC structure that allows patient, flexible holding periods
• Explicit exclusions: no foreign-owned businesses, real estate, farmland, or project financing