About
Our Story
……………………………………………………………………………
Encore One was born out of many decades of family business heritage.
Established in 1997 to diversify our related business (national construction and real estate development firm) and family capital through direct private investment. We achieve our goal of diversification by partnering with high quality sponsors who have sourced and diligenced attractive operating company (non-real estate) investment opportunities. Our sponsors provide value to acquired businesses. This approach allows Encore to operate with a small albeit experienced team leveraging the knowledge and networks of our sponsors and achieving market leading returns with our capital.
Core Values
Operate with uncompromising integrity.
Strive to provide the highest quality service and value to our companies and investment partners.
Care deeply about the employees of our companies and the communities in which our companies do business.
Foster a supportive, team-oriented culture where people are treated with respect.
Our Team
Craig Flom
President & CEO
Craig directs the activities of Encore One. He is a board member of each of Encore One’s portfolio companies and works with the management teams of those companies. Craig is also the President of Fidelity Holding Company and the Chairman of Fidelity Bank, as well as a director of various entities involved in commercial real estate development and construction. He played a central role in the acquisition of each of Encore One’s portfolio companies and Fidelity Bank.
Craig has more than 35 years of business experience encompassing private equity investing, investment banking, management consulting, and commercial banking. Prior to joining Encore One in 2001, Craig was an investment banker with Robert W. Baird & Co. Incorporated and Piper Jaffray Inc., serving middle-market clients. Previously, he was a management consultant with Deloitte & Touche and a commercial banker with The First National Bank of Chicago. Craig earned a Master of Business Administration degree, with distinction, from the Kellogg School of Management at Northwestern University and graduated, with highest distinction and Phi Beta Kappa, from Northwestern University with a Bachelor of Arts degree in Economics.
Paul Moffatt
Vice President
Paul is responsible for sourcing and evaluating potential investments, structuring and negotiating transactions, and working with portfolio companies.
Paul has spent his entire career serving the middle market. Prior to joining Encore One in 2017, Paul enjoyed a successful 16-year career in commercial banking, most recently as a Vice President in the Twin Cities Commercial Banking Group at U.S. Bank. Prior to joining U.S. Bank in the Twin Cities, Paul held similar roles at LaSalle Bank, Cole Taylor Bank and MB Financial in Chicago.
Paul has helped advise and fund over 100 companies, in various stages of development with a wide range of transactions and special situations. Paul graduated from Marquette University with a BS in Finance and minor in Political Science. He received his MBA from the Kellstadt School of Business at DePaul University. Paul lives with his wife and two children in Saint Paul, Minnesota
Kiel Luse
Senior Associate
Kiel worked on dozens of co-investments during his 12 years with the Pohlad family office. Prior to that, he worked as an investment banker with Chery Tree & Associates. Kiel graduated from the Carlson School of Management at the University of Minnesota in 2007. Kiel, his wife, Katie, and three children live in Edina.
……………………………………………………………………………
Our Advisors
Tim Johnson
Tim is a 35-year private equity investor having co-founded Minneapolis based Goldner Hawn Johnson & Morrison in 1989.
Tim was last a GP and investment committee member on Goldner Hawn’s Fund VII, a [$350 million] middle market buyout fund. The firm is currently investing out of Fund VIII.
Tim was lead partner and sat on many boards including Thermbond Refractory Products, Cameron’s Coffee, Control Devices, Imperial Plastics, Houlihan’s Restaurants, Stouse Printing, Westlake Hardware and Trystar.
Tim received his MBA from Northwestern’s Kellogg School of Business.
Bruce Engler
Bruce practiced law at Faegre Drinker for 42 years. Bruce ran the firm’s global M&A practice for 15 years, growing the practice dramatically during that time. In Bruce’s last year as global head of M&A the firm engaged in over $22 billion in M&A deal value.
For 2022 Bruce was the only M&A/Corporate lawyer ranked by Chambers USA Guide in the “Senior Statespeople” category and for many years was ranked as one of the top three M&A/Corporate lawyers in Minnesota. Bruce has been listed in the Best Lawyers guide, recognized as their “Minnesota Corporate Lawyer of the Year” (twice) and as their “Minnesota M&A Lawyer of the Year.”
Bruce represented APi Group, Inc. in its sale for $2.9 billion and Holiday Companies in the sale of its Holiday Stationstores business for more than $1.6 billion.
Bruce graduated Magna Cum Laude at Michigan Law and was a member of The Order of the Coif and Law Review.
Let’s Get Started
……………………………………………………………………………
