Generation Growth Acquires Garden & Associates

Generation Growth Acquires Garden & Associates

garden nfGeneration Growth Capital (GGC) has acquired Garden & Associates, a provider of language interpretation services. Tom Garden and Debbie Garden, the previous owners of Garden & Associates, will remain with the company and the existing management team will continue operating the business.

Garden & Associates provides interpretation services for Limited English Proficiency patients in hospitals, clinics, and other healthcare environments. The company has a roster of interpreters that are skilled in over 100 languages and dialects. Garden also provides document translation and serves legal, corporate, and government entities. The company is headquartered near Minneapolis in St. Louis Park, MN (

“Garden & Associates is a great fit for the GGC investment model and we look forward to supporting the company’s continued growth. We believe attractive investment opportunities exist in niches of the healthcare services and manufacturing markets and we are pursuing these opportunities within our geographic focus areas,” said Cory Nettles, a Managing Director of Generation Growth Capital.

GGC expects to make significant additional investments in the business to support future growth. “Tom and Debbie Garden have done a great job of building the Garden & Associates business and developing a strong reputation for quality interpretation services in the Minnesota market,” said John Reinke, a Managing Director of Generation Growth. “We plan on making investments in operational systems and continuing to focus on the strong customer relationships that the Gardens have developed to continue to drive the growth of the company.”

Generation Growth Capital invests from $1 million to $10 million in manufacturing, service, and distribution businesses that have enterprise values of less than $30 million and sales ranging from $5 million to $50 million. Investments are primarily structured as equity but subordinated debt and warrant structures are also considered. The firm is headquartered in Milwaukee and has an additional office in Chicago (

“It was crucial for us to connect with a team that understood our customers, shared our values, and offered a foundation to grow within the industry. GGC was undoubtedly the right fit,” said Tom Garden, CEO of Garden & Associates.

Senior financing for this transaction was provided by Anchor Bank. Mezzanine financing was provided by Minneapolis-based ExMarq Capital Partners (

© 2013 PEPD • Private Equity’s Leading News Magazine • 12-5-13

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