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Granite Equity Partners

Rick Bauerly
Granite Equity Partners

Class of 2005

Rick Bauerly's investment group had just revived DeZurik manufacturing in Sartell when he was named among the first winners of the 5 Under 40 award. In an interview at that time, he emphasized his interest in problem-solving through team efforts.

What are you doing now?

I continue to lead Granite Equity Partners as managing partner/chief executive officer. We make long-term investments in and help great Minnesota companies grow once their owners have decided to move toward retirement, with us as their partner.

How did the 5 Under 40 award affect your life?

Over time, the award and its 50 recipients to date have been a source of inspiration and encouragement. The award has helped highlight strong leaders in and for our community, and the strength and blessing of our community itself.

Other big changes since you received the award?

My daughter Emily is finding her passions while attending the College of St. Benedict. My daughter Olivia has become a great reading champion (25 books this summer)! My wife, Helga, has found her next career chapter with the YMCA. I've enjoyed helping to form — and I appreciate the growing impact of — the Greater St. Cloud Development Corp.

What will make the St. Cloud area greater in coming years?

Collaboration across all sectors and boundaries and peoples will make us greater. Divisions will make us lesser.

2005 Interview

Originally ran: January 1, 2006

Age: 37

Born: Foley

Job: Principal at Granite Equity Partners in St. Cloud. Co-founder of Venture Allies, a St. Cloud business consulting firm.

Education: Bachelor's degree from St. John's University, master's in business administration from Harvard Business School, master's in public administration from The Kennedy School of Government at Harvard University.

Family: Wife, Helga; two children; Emily, 10, and Olivia, 1.

What do you like most about your job?

I do like intellectual problems that need to be solved through a team effort.

How have you emerged as a leader in this community?

There was a professor at the Kennedy School who defines leadership as mobilizing resources to face adaptive challenges. That's what I try to do.

What have you given up for your success?

I've given up some health, but I'm trying not to sacrifice that anymore. It's a constant challenge for me.

What is the best advice you've received and where did you get it?

Happiness comes from serving other people. It came from reading about the world's religions.

How do you incorporate your faith in business?

There are social teachings that come from Catholicism that apply to daily life and business life. (Popes) have commented a lot on business and economics over hundreds of years. One of the things they have said is profit is an indication that resources have been used efficiently.

What is the motto you live by?

Try to serve other people, which is an hourly challenge against the self.

How did you develop it?

Reading about world religions and the example of my parents (Jerry and Elaine Bauerly).

How would your daughter, Emily, describe you?

I think she describes me as fun when I take the time to play with her. But she would describe me as (being) in my cave a lot, which means I'm working.

What are you most passionate about daily?

I'm trying to be passionate about being content. To do more and be more is the American way. I don't know if that is the path to happiness. I think to be more and do less is.

Why are you someone to watch in the future?

I'd rather be a member of a team. I don't know where I heard it, but someone said, "We all teach and we all learn." On a team, sometimes we're playing more of a teaching role, and sometimes we're playing more of a learning role.

What would you like people to know about you?

I want people to know that Granite Equity Partners can provide economic and social value for Central Minnesota.

How have you already done that?

We bought the DeZurik name and assets back from a public company. Through Al Kremers' leadership, the company is growing again. That will provide a return for investors, jobs for people. (It will) maintain the DeZurik legacy and memory and bring the company back to being competitive in a global marketplace.

- Back to 5 Under 40 Index -

Sponsored by:

Falcon National Bank

Central Minnesota Clinic

Initiative Foundation
of Little Falls