Charterwood LLC is a family-owned business focused on preserving the legacy of your family-owned business

Charterwood LLC was started to acquire and grow one single company over the long term. Charterwood LLC is our holding company that we will use to quickly and easily buy a business. We are not a private equity firm. We are owners and entrepreneurs and will dedicate our entire time to operating your company after a transition period.

We believe we offer a unique opportunity for owners looking to sell. We bring personal capital, flexible terms, and a highly skilled and experienced team that will enter the business's day-to-day operations, prioritizing sustainable long-term growth.

Our team consists of two individuals, Bill Fricke and Michael Fricke. Both of them grew up in small towns in the Midwest. In 1999, Bill invested in a family-owned business that dated back to 1954. He served as the President and CEO for 24 years before deciding to transition control to his other partners. During Bill’s tenure, the company generated close to $1 billion in revenue. Michael attended university in Massachusetts and worked in the investment banking and private equity industries before stepping away to pursue Charterwood full-time.

If you are considering selling your business and value the continuation of what you have built, we are interested in starting a conversation.

  • Bill Fricke

    FOUNDER

    Bill Fricke is the former President and CEO at JL Allen Services. JL Allen is a general contractor specializing in the construction of pipeline stations and pipe fabrication. Bill’s experience includes building dozens of compressor stations for natural gas pipelines across the Midwest and Northeast over the last 25 years.

    In Bill’s free time, he enjoys complaining about the two family dogs, working on his golf swing, watching as many NFL games as possible, and releasing fish with long spiky noses.

  • Michael Fricke

    FOUNDER

    Michael Fricke attended Bentley University in Massachusetts. Michael has worked at investment banks and private equity firms, most recently Lexington Partners in Boston working on secondary private equity transactions.

    In Michael’s free time, he enjoys cooking and trying new restaurants, watching the Green Bay Packers and playing golf.