Borgman Capital, a Milwaukee-based private equity firm, has promoted Brent Adam to managing director and partner and Matthew Pikus to senior associate.

Adam joined the firm in May 2020 as chief financial officer and has been primarily responsible for partnering with the firm’s portfolio companies and their finance teams. He has also been involved in the financing and structuring of new deals. As managing director and partner, Adam will add deal origination and firm operations to his responsibilities.

Pikus joined Borgman Capital as an associate in July 2021. Since then, he has supported the team in completing four acquisitions. In his new role, Pikus will be responsible for new investment analysis, financial modeling, transaction due diligence and portfolio company support and analysis.