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Lake State Partners, a private equity firm based in Michigan, was born from the collaboration of Jason Duzan and Michael Kell. With strong roots in the Great Lakes Region, the firm benefits from the founders’ two decades of experience in private equity and debt capital markets. Since 2006, Jason and Michael have successfully provided over 25 Great Lakes businesses with equity and structured debt capital.

Lake State’s strategy centers on flexibility, making us an excellent partner for family and founder-owned businesses in the lower-middle market. As responsible company stewards, our investments aim to enhance business growth and improve the quality of life within our community.


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