Grant and Zack Gund

Managing Partners / Coppermine Capital


Family business

Brothers Grant ’97 and Zack Gund ’00 use Kellogg lessons to build businesses

Brothers Grant and Zack Gund play hockey together, fish together, and buy and grow companies together.

The two are managing partners of Coppermine Capital, a private equity firm with $60 million in invested capital and 15 companies in their portfolio.

“Once we find the right leadership, we really are just stewards of the company,” Grant Gund says.

“We interact with our CEOs frequently, but we let them run the business.”

Coppermine acquires small- to mid-size manufacturing and service companies with sales between $5 million and $25 million. Although their portfolio is growing — they added the 15th company in October — the brothers had a different plan when they joined forces in 2001.

“I went out with the intention of buying a company to go operate it, and Grant agreed we would co-invest in it,” says Zack Gund.

But with the acquisition of their first company, which supplies baked goods to convenience stores, the brothers changed direction. Zack Gund says, “Over time, it morphed into more of a fund-type structure with a portfolio of companies.”

“We completed our first deal in 2003, and we have not looked back,” Grant Gund says.


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