• Two Roads Group
  • Charting new paths.

    Confidence to take the new road...to imagine a bold, new future and to make it reality.
    Two Roads
  • Guided by trust, impact and insight.

    Making the new companies that will remake the world.

What We Do

Two Roads Group is an investment and advisory firm, focused on industrial technologies. Founded in 2015, TRG provides investment capital and support to startup and growth stage companies. TRG also consults to C-level executives at some of the world’s biggest companies and leading growth-stage technology companies on how to capitalize on the next industrial revolution.

Our Focus

Two Roads Group focuses on three specific areas of industrial technologies:

Industrial Internet and Analytics including networked industrial operations, digital supply chain, and cyber security

Software and Digital Knowledge including digital design & manufacturing, automation, and digital thread

Advanced Equipment including 3D printing, inspection, and robotics

We will leverage our access to capital, distinctive networks, and deep expertise to build this portfolio.

Who We Are

  • Lou Rassey
    Lou RasseyFounder, CEO

    Lou is the founder & CEO of Two Roads Group. From 2003-2014, Lou was a Partner and leader of the Manufacturing & Private Equity Practices at McKinsey & Company. He brings expertise in strategy, finance, operations improvement and innovation – including advanced industrial technology (e.g., industrial internet, IoT, 3D printing). Lou has worked with CEOs and their teams across the globe and across sectors to set bold strategies and build the operational capabilities to realize them. Lou co-led McKinsey’s global research and client advisory efforts on the ‘Future of Manufacturing’ and implications on how countries and companies compete. His work included assessing disruptive trends and their effects on venture capital and private equity opportunities. Lou also led the development of McKinsey’s playbooks and service lines for private equity due diligence and integrated corporate performance improvement. Lou helped set the strategy and design for the Digital Design and Manufacturing Innovation Institute (DMDII) in Chicago, and is an active advisor there - and to many industrial technology companies - on matters related to strategy and digital innovation. He has a MBA and MS in Mechanical Engineering from MIT where he was a LFM Fellow, a MS from Michigan-Dearborn, and BS from Notre Dame. Lou lives in Chicago with his wife, Sarah, and two children.

    Bill King
    Bill KingAdvisor

    William P. King, Ph.D. was the Chief Technology Officer at the Digital Manufacturing and Design Innovation Institute (DMDII) at UI LABS in Chicago, IL, where he led a $100M portfolio of technology investments focused on the future of manufacturing. He is Professor of Engineering at the University of Illinois Urbana-Champaign, where he holds the Ralph A. Andersen Endowed Chair. Dr. King received a Ph.D. from Stanford University and completed the Program for Leadership Development at Harvard Business School. His technical expertise is in manufacturing, nanotechnology, and advanced materials. Dr. King has been as a founder, adviser, or director at a dozen early stage technology companies. From 2007-2014, he served on the Defense Sciences Research Council where he advised the Defense Advanced Research Projects Agency. Dr. King is an elected Fellow of the American Society of Mechanical Engineers, the American Association for the Advancement of Science, and the American Physical Society.

    H. John Livingston
    H. John LivingstonAdvisor

    John is the founder and CEO of Connected Sensor Solutions, a portfolio of companies advancing the next generation of industrial intelligence. This portfolio includes RKNeal Inc., an engineering firm focused on industrial cybersecurity and controls solutions. John was a Senior Partner with McKinsey & Co., the global management consultancy, where he led its Chicago Office and Wireless Practices. He also helped open the firm’s offices in South Africa and Southeast Asia while living overseas for four years. He spent 20 years partnering closely with management teams to help them develop and execute growth strategies. John currently serves on the board of Advanced Micro Instruments, a gas analysis instrumentation company. He also serves on boards of multiple charitable institutions in Chicago including the Museum of Science and Industry and Big Shoulders Fund. He is currently the co-chairman of Chicago’s Green Ribbon Committee driving sustainability efforts in the city.

Our Companies

Charting new paths and turning ideas into reality.

Guiding Principles

Charting new paths.
Guided by trust, impact and insight.

Charting New Paths

Leaders always have a choice, a new road, to consider: keep things as they are, or imagine a better future – a bold and new way to bring value to the world.

Two Roads Group helps leaders chart the new paths and work together to bring them to life.


We trust in people’s ability to imagine and pursue bold, new paths. Together, we are charged to thrive and hold ourselves accountable for progress.

We support the pioneers as they navigate those paths and help turn ideas into reality.


We believe innovation in industry can be a powerful driver of good, and accelerating and supporting this innovation is important for us all.

The impact of industry is not just in what it makes, but what it makes possible for the world. Industry does not just make things: cars, cell phones, satellites and cereals. Industry makes the world more connected; more healthy; more fun. Industry feeds and powers the world.

At Two Roads, we aspire to help make the companies that will remake the world.


The digitization of industrial operations – how we conceptualize, design, make, service and experience products – will fundamentally transform the world.

This wave of innovation brings great opportunities and serious challenges. Established industrial firms need to acquire and build new capabilities, while overcoming legacy mindsets and ways of working. Startups have an enormous white space to pursue, but difficult incumbent challenges to overcome.

The leadership of TRG has created the vision, strategies and execution roadmaps for digital innovation for individual companies, startups, and industry consortia. Two Roads Group and our network will provide this acumen to our partners.

Contact Us

Two Roads Group