
John Poth
Associate
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- Full Name
- John Poth
- Title
- Associate
- Firm
- Parallel49 Equity
- Firm Type
- Private equity firm
- Investment Stage
- Lower-middle-market private equity: buyouts, recapitalizations, growth capital, secondary buyouts, divestitures, PIPEs, and stake purchases
- Target Company Profile
- Profitable, well-managed lower-middle-market companies in the United States and Canada; Mergr lists target enterprise value of $25 million to $150 million and EBITDA of $5 million to $30 million
- Sector Focus
- Specialty manufacturing, business services, and value-added distribution; Mergr also lists manufacturing, services, and distribution as broad areas of interest
- Geographic Focus
- United States and Canada, with emphasis on Western and Midwestern regions
- Location
- Lake Forest, Illinois / Greater Chicago Area
Background
John Poth was listed by ExecAtlas as an Associate at Parallel49 Equity in an Aug. 30, 2021 update. Parallel49 Equity is the successor to Tricor Pacific Capital and describes itself as a private equity firm investing in profitable lower-middle-market companies in the United States and Canada.
His LinkedIn profile indicates that he is currently affiliated with William Blair in Chicago and previously had experience with two other organizations. The same profile lists Miami University as his education, with dates of 2012 to 2016, and shows certifications including Certified Public Accountant, FINRA Series 63, and FINRA Series 79.
Poth’s LinkedIn activity is concentrated around William Blair’s Tech-Enabled Services investment banking group, including reposts of hiring posts for analyst and associate roles in Chicago and Atlanta. This suggests his current work is more closely tied to investment banking than direct angel or seed investing, and I did not find public evidence that he is currently making personal angel investments.
Investment Thesis & Focus
- Parallel49’s stated focus is on “profitable, well-managed, lower middle-market companies in the United States and Canada.”
- The firm focuses on specialty manufacturing, business services, and value-added distribution.
- Mergr lists Parallel49’s target company size as $25 million to $150 million in enterprise value and $5 million to $30 million in EBITDA.
- The firm pursues control-oriented and private equity-style transactions, including buyouts, management-led buyouts, recapitalizations, divestitures, secondary buyouts, growth capital, PIPEs, and stake purchases.
- Mergr states that Parallel49 “will not invest in start-ups, new technologies, turnarounds” or companies in real estate development, gaming, restaurants, or primary resources.
- The firm’s investment approach emphasizes working with management teams and using transaction experience and North American relationships to help middle-market companies grow across the U.S.-Canada market.
Notable Investments
- Questco Companies — Professional employer organization based in The Woodlands, Texas; sold by Parallel49 and Northstar Capital to LightBay Capital on July 31, 2024.
- Road Safety Services — Omaha-based provider of pavement marking and road safety services; Parallel49 sold the company to Harvest Partners in December 2023 after a six-year hold period, during which RSS completed 11 acquisitions.
- Eden Valders Stone — Wisconsin building materials company; Mergr lists Parallel49’s June 1, 2023 investment as growth capital.
- MedTorque — Precision manufacturer of orthopedic instruments and implants; sold by Parallel49 to ARCH Medical Solutions in July 2022.
- Gold Standard Baking — Chicago-based croissant and sweet baked goods manufacturer; sold its business operations to 37 Baking Holdings through a Chapter 11 process in 2022.
- Kinetrex Energy — Indianapolis-based LNG and renewable natural gas company; Parallel49 acquired it in 2016 and sold it to Kinder Morgan in 2021 for $310 million.
- CPI Card Group — Payments technology company; Parallel49 remained a majority shareholder in 2024 and entered stock repurchase agreements with CPI.
- Avison Young — Commercial real estate services firm; Mergr lists a 2018 secondary sale involving Parallel49.
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