Carrie Andersen

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Announces New Chief Operating and Strategy Officer

MINNEAPOLIS, Jan. 8, 2019  — The Pohlad Companies, a privately held portfolio of businesses and investments spanning a variety of industries, today announced that effective January 14, 2019, Mike Borofsky will join Pohlad Companies’ Management Group as chief operating and strategy officer. This newly created position complements the exceptional depth and strength of the Pohlad Companies’ current executive and family talent and positions the organization to accelerate future growth. Mike will report to Pohlad Companies CEO Bert Colianni and work closely with Jim, Robert and Bill Pohlad in their oversight capacities.

“We are thrilled to welcome Mike to Pohlad Companies and excited to introduce him to our team and community,” said Robert Pohlad. “The Pohlad family has long relied on strong, future-focused leadership to build our portfolio of businesses and support vital community initiatives, and we’re confident that Mike’s experience and leadership capabilities, combined with the energy, engagement and commitment of the second and third generations of the Pohlad family and our current management group, will help us achieve our goals for future growth.”

Prior to joining Pohlad Companies, Mr. Borofsky served as senior vice president of MacAndrews & Forbes Incorporated, a diversified, New York-based investment company. His responsibilities included acquiring and building global, high cash flow, market-leading businesses and helping the companies innovate and grow. Mr. Borofsky also previously held positions at Skadden, Arps, Slate Meagher & Flom, LLP and Goldman Sachs. He received his B.A. from Yale University and his J.D. from Columbia University School of Law.

MINNEAPOLIS (Sept. 17, 2018) – Investment industry veteran Elizabeth M. Lilly has been named chief investment officer for Marquette Companies, LLC., a holding company that is part of the Pohlad Companies. She replaces Jann Ozzello Wilcox, who retired at the end of May after 27 years with the organization.

In her new role, effective today, Lilly will provide leadership and management of the investment group for the Pohlad family, overseeing the teams that manage private equity investments and total return portfolios. She will report to Bert Colianni, chief executive officer for Marquette Companies, as well as to Jim Pohlad, family leader with oversight for investing.

“Beth brings many years of outstanding investment experience to her new role with us, and we are delighted to welcome her to our organization,” said Colianni. “She has worked with and known various members of the Pohlad family over many years, and she is highly regarded in her field and in the community.”

Lilly began her career with Goldman Sachs after graduating from Hobart/William Smith College with a degree in economics, later earning a CFA designation. She spent five years with Fund American Companies, where she worked as an analyst under the tutelage of Bob Bruce and Warren Buffett to learn the merits of value investing. In 1997, Lilly co‐founded the investment firm Woodland Partners, which focused on investing in small cap stocks. In 2002, Woodland Partners was acquired by Gabelli Asset Management (GAMCO Investors), where she served as a senior vice president and portfolio manager of the $1 billion Teton Westwood Mighty Mites Fund and as a member of the value portfolio management team.

These experiences continuously honed her investment acumen, culminating in the formation of her own investment firm in 2017, Crocus Hill Partners. Widely quoted in the national and local media for her investment outlook, Lilly has regularly participated with other investment experts in the Star Tribune’s Investors Roundtable.


Media Contact:

Mary Lilja
Lilja Communications

JB Hudson Jewelers, an anchor of luxury retail on Nicollet Mall, is set to branch out into the North Loop. As part of another expansion by Martin Patrick 3, The Loupe by JB Hudson will open in the exclusive menswear and home interiors store September 2018.

The Loupe by JB Hudson, to be housed inside Martin Patrick 3 at 212 Third Ave S, will offer unique products previously unavailable in the Midwest. Think luxurious Italian gold bracelets alongside intriguing Swiss timepieces. The Loupe will offer far more men’s jewelry than the flagship JB Hudson store, located in the historic Young Quinlan building at 901 Nicollet. The Loupe already has a queue of exclusive designers and watch brands set to host trunk shows at the new space. In addition to a standard selection of products, special events at The Loupe will offer clients an exclusive opportunity to purchase rare and collectible pieces.

Just as Martin Patrick 3 focuses exclusively on men’s fashion, The Loupe will carry on that tradition. More men are using jewelry and watches to express their individuality, and The Loupe will offer men expert advice on how to style their unique pieces with an existing or new wardrobe. This expert style advice will blend seamlessly into the authentic, relationship style of customer service that JB Hudson is known for.

The partnership between the iconic JB Hudson and the trailblazing Martin Patrick 3 is proving to be exciting for both parties. JB Hudson President, Nick Pechman, sees the partnership as an exciting opportunity to extend JB Hudson’s presence into the burgeoning North Loop neighborhood. Forbes Magazine recently lauded MP3 as ‘…the hottest retailer in America’s hottest retailing city…’ Pechman expects the heritage that JB Hudson brings (making things happen since 1885) to meld well with luxury-seekers at Martin Patrick 3. Martin Patrick 3 sees the partnership being complimentary to their model of offering unique, luxury products. Prices at The Loupe will range between $1,000 and $1,000,000.

Both JB Hudson and Martin Patrick 3 are continually focused on bringing the best experiences to their clients. The Loupe will bring the same excellence of service found in the JB Hudson flagship store to an even wider audience. The Loupe will follow the convenient hours of Martin Patrick 3: Monday – Saturday, 10am until 8pm and Sunday, 10am until 6pm.

JB Hudson is owned by the Pohlad family’s Marquette Companies holding company.

Two Minnesota organizations join forces to advance growing field of automation and robotic applications

MINNEAPOLIS – (Nov. 1, 2017) – The Pohlad family has acquired Shoreview-based PaR Systems, Inc., a leading provider of integrated robotic automation and specialized material handling solutions, from MML Capital Partners, an international private equity firm.

Terms were not disclosed.

The Pohlad family’s operating companies include United Properties, NorthMarq Capital and Carousel Motor Group amongst others, and span several industries, including the automotive, real estate investment and development, radio and media, high-end jewelry and commercial real estate finance industries. The Pohlad family also owns Major League Baseball’s Minnesota Twins.

PaR Systems is a world leader in providing advanced intelligent solutions for integrated robotic automation and specialized material handling solutions that drive productivity improvements, product quality and employee safety for customers. Founded in 1961, PaR Systems has strategically grown its offering into a strong complement of custom equipment solutions, technology-driven products and a responsive service offering. PaR Systems serves the aerospace, medical device, marine/defense, nuclear and additional select industrial markets.

“We want to invest in companies that make a difference now and in the future,” said Robert Pohlad. “PaR Systems not only fits that criteria but allows us to expand into a new business line that we believe has great long-term potential. And it’s headquartered right here in our own backyard – sharing the same heritage and values.”

“Through the entire process of getting to know the Pohlad team, it has become clear to the senior team at PaR that the Pohlad family has the same high expectations and values as the people at PaR,” said Mark Wrightsman, president and CEO of PaR Systems. “We are excited to be joining forces with this great team to achieve our long-term vision of all of the companies in our chosen market segments recognizing PaR as ‘a Trusted Partner’ for their automation needs.”

 “PaR Systems has a strong, experienced management team and terrific, highly educated and qualified employees,” said Bert Colianni, CEO for the collective Pohlad operating companies. “We look forward to partnering with management to provide capital and strategic support to help accelerate their growth, both internally through retaining and attracting talented people, combined with appropriate investments in research and development, as well as externally through acquisitions.”

PaR Systems develops solutions and applications for mission-critical operations across a wide variety of industries. These systems range from the very large to small scale. On the large side of the spectrum, PaR created a remote robotic application to facilitate the nuclear handling and decommissioning of the Chernobyl Unit 4 reactor and sarcophagus following the catastrophic 1986 nuclear accident in Ukraine. More recently, PaR Systems undertook a similar project at the Fukushima nuclear site affected by the 2011 earthquake in Japan. On the other end of the spectrum, PaR Systems supports prominent medical device manufacturers by designing and building automation equipment for the manufacturing of small products that are often inserted into the human body – with lifesaving results.

The majority of PaR Systems’ 380 employees are based in three U.S. locations: Shoreview and Oakdale, Minnesota, and Brunswick, Georgia. PaR Systems also has eight global sales, engineering, service and manufacturing centers of excellence throughout the U.S. and around the world.


Media Contact:

Mary Lilja
Lilja Communications

Acquisition will add 200 brokers, 50 million sf of managed properties, 750 employees

CHICAGO, August 15, 2017 – Cushman & Wakefield today announced it has entered into an agreement with NorthMarq Companies, a private holding company of the Pohlad family of Minneapolis, to acquire Cushman & Wakefield NorthMarq (CWN) in Minnesota and Cushman & Wakefield Commerce (CWC) operations in Nevada, Utah and Washington.

Collectively, Cushman & Wakefield NorthMarq and Cushman & Wakefield Commerce employ 750 employees and manage almost 50 million square feet of real estate across 10 offices.

“This is far more than an acquisition – this is the formal merging of a trusted partner into our company,” said Tod Lickerman, Chief Executive Americas . “This also affirms our commitment to our clients to offer them the best strategic advice and our full platform of services wherever they do business.”

Eduardo Padilla, CEO, NorthMarq Companies, added, “We believe there is a logical and compelling reason to sell our operations to Cushman & Wakefield at this time. Specifically, the industry is consolidating, with sophisticated clients needing a seamless platform irrespective of geography or service. We’re incredibly proud of this team’s achievements and excited to see them merge into Cushman & Wakefield’s operations.” NorthMarq Companies and NorthMarq Capital are not included in this acquisition.

Cushman & Wakefield also announced that the leadership teams in the four markets will remain in place.

“The teams are a great complement to Cushman & Wakefield’s strong capabilities in the U.S., and we’re thrilled that the leadership team will remain in place and will continue their outstanding client service,” said Shawn Mobley, President of Cushman & Wakefield’s East Region. “I’m also excited that Jeff Eaton will expand his role to lead our North Central Region, with oversight of Chicago, Minneapolis, and Detroit, reporting to me.”

Mr. Eaton has been instrumental in leading the company through several organizational and structural changes becoming president of NorthMarq Real Estate Services in 2008. He led the acquisition of the property management division of Opus Corporation, which added 25 million square feet of management to the company, the creation of a joint venture operation with Cushman & Wakefield in 2011, and the 2013 acquistion of Cushman & Wakefield Commerce.

The sale of Cushman & Wakefield NorthMarq and Cushman & Wakefield Commerce is expected to close shortly, subject to customary closing conditions.

About Cushman & Wakefield
Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. Our 45,000 employees in more than 70 countries help occupiers and investors optimize the value of their real estate by combining our global perspective and deep local knowledge with an impressive platform of real estate solutions. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $6 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. 2017 marks the 100-year anniversary of the Cushman & Wakefield brand. 100 years of taking our clients’ ideas and putting them into action. To learn more, visit, or follow @CushWake on Twitter.

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