Penion Group was founded in 2008 by Charlie Garrard and Tim Wadlow to help them find and acquire a small to mid-size businesses in the Boston area. In 2010 they made their first successful acquisition - Lynn Manufacturing, Inc; they have gone on to make a number of other acquisitions in the New England area.  In 2017 Dan Baker joined Penion to lead a search in South Central Pennsylvania and surrounding areas.

Our ideal acquisition would be a manufacturing, service, or logistics company with between $3M and $10M in revenue. We have a strong preference for established businesses with a proven track record.

We have owned and led our own businesses, and we have over 60 years of general management, finance and operations experience with large and small businesses in both the USA and Europe. We put our personal capital to work and take a hands on role in the businesses that we buy. We are not a private equity fund or venture capital fund.   We strive to retain the identity of the companies we buy and be respectful of the employees and local community.

We are flexible in our approach, and will work closely with the current owners to ensure they achieve an exit strategy that suits their personal needs.