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Lower Middle Market Private Equity

Lower Middle Market Private Equity

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Have you ever wondered which private equity firms are driving the most significant value creation in the lower middle market? Lower Middle Market Private Equity (LMM PE) focuses on companies with proven business models and stable cash flows.
More often than not, the business is founder led with the founder looking to exit completely or have his or her first liquidity event (partial exit). 

Similarly to our work analyzing top private equity funds in London, we have curated a list of the 109 Lower Mid Market Private Equity firms in the USA. The list is based on value creation rather than return of their funds or assets under management. 

The list covers several aspects of the private equity firms:

  • Investment style, including preferences for 100% acquisitions or minority stakes, industry and geographic focus, and deal sizes.
  • Highlighting notable portfolio companies without listing every single one.
  • Providing key firm details such as founding date, number of investment professionals, assets under management, number of funds, and office locations.
  • Examples of value added to the portfolio company post acquisition. 
  • Profiles of prominent investment professionals, particularly those well-known in the media.
  • Recent exits, acquisitions, and insights from senior leaders at the firm are also covered.

If you would like to add or adjust anything, please get in touch with us here.

What is Lower Middle Market Private Equity?

Lower middle market PE targets investments in companies valued between $10 million and $100 million, with an EBITDA ranging from $2 million to $15 million. These companies are often privately held and have established business models but need additional resources to scale. The LMM PE sector is hands-on, with firms working closely with portfolio companies to drive operational improvements and strategic growth​.

Market Segments and Criteria

Private equity firms are categorized based on the size of the companies they target:

Market SegmentCompany ValueEBITDA
Lower Middle Market (LMM)$10 million to $100 million$2 million to $15 million
Middle Market (MM)$100 million to $1 billion$15 million to $75 million
Upper Middle Market (UMM)$1 billion to $5 billion$75 million to $200 million
Large CapOver $5 billionOver $200 million

What Defines Lower Middle Market Private Equity?

Lower middle market PE firms concentrate on acquiring and partnering with companies in the lower end of the middle market. They provide not just capital but also strategic guidance, operational expertise, and access to extensive networks to help businesses achieve accelerated growth. The targeted sectors vary widely, including industrials, consumer products, business services, healthcare, and technology​​​​.

The Importance of Lower Middle Market Private Equity

Lower middle market companies are often the backbone of the economy, providing essential services and products while offering substantial employment opportunities. By investing in these companies, LMM PE firms contribute to job creation, economic stability, and innovation. The investments help these businesses overcome barriers to growth, such as limited access to capital markets and managerial expertise, enabling them to compete more effectively on a larger scale​​​​​.

Key Characteristics of Lower Middle Market PE Firms

  • Flexible Investment Approach: Customizing investment strategies to the unique needs of each portfolio company, including tailored deal structures and individualized growth strategies​​.
  • Operational Expertise: Emphasizing operational improvements, working closely with company management to achieve strategic objectives.
  • Sector Specialization: Focusing on specific industries, leveraging deep industry knowledge to transform businesses. Common sectors include consumer products, industrial manufacturing, healthcare, and technology.
  • Collaborative Partnerships: Building close relationships with portfolio companies to develop strategies leading to market leadership and long-term success​​​.
  • Value Creation and Growth: PE firms usually employ operating partners who work with portfolio companies on an advisory basis or oftentimes can be parachuted into the business and take up operational full time roles. 

Keen to learn more about private equity and value creation? Why not check out the video below from NUOPTIMA’s founder and CEO, Alexej Pikovsky, where he reveals eight private equity value creation strategies:

Alexej has also created an insightful video on debunking private equity myths, where he delves into the role of operating partners and value creation teams:

Top 109 Lower Middle Market Private Equity Firms

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Potomac Equity Partners

Investment Style: Potomac Equity Partners focuses on small to mid-market investment opportunities, primarily in business services, education and training, healthcare, information services, and software and technology sectors. They emphasize close collaboration with portfolio company management to drive long-term growth and performance.

Portfolio Companies: Their diverse portfolio includes companies like Laser MD Medspa (medical spa services), SculptMe (CoolSculpting provider), Orion Systems Integrators (IT services), and Watermark Solutions (enterprise software).

Founding Date: 2013

Number of Investment Professionals: 10

Number of Funds: 1

Assets Under Management: $625 million

Value Addition Examples: Potomac Equity Partners significantly enhanced Laser MD Medspa’s market presence by acquiring Laser Gentle Medspa, adding new locations and services. They also facilitated the merger of Watermark Solutions and Synergy Resources to create WM Synergy, enhancing its capabilities in enterprise resource planning and cloud hosting services.

Key Investment Professionals and Contributions:

  • John Bates, Founder and Partner: Bates has been crucial in shaping the firm’s strategic direction and overseeing major investments. He played a key role in the investment and merger of Watermark Solutions and Synergy Resources.
  • Chris Blythe, Partner: Blythe led the acquisition and integration of Laser MD Medspa, driving operational improvements and strategic growth.
  • Pascal Denis, Partner: Denis has been instrumental in executing transactions and overseeing portfolio companies, contributing significantly to the firm’s investment strategy.
  • David Silberstein, Vice President: Silberstein has been involved in portfolio company oversight and transaction execution, contributing to the successful growth of several companies.

Recent Exits:

  1. Merger of Watermark Solutions and Synergy Resources: Advised by Foley & Lardner LLP, this merger created a leading ERP and cloud hosting player.
  2. Sale of DialConnection: This exit was facilitated to enhance the company’s strategic growth and market positioning.

Recent Acquisitions:

  • U.S. Mobile Health Exams: Potomac Equity acquired this leading provider of mobile health testing and examination services to expand its healthcare portfolio.
  • Laser MD Medspa and SculptMe: Acquired to bolster their offerings in the medical spa services sector.

Office Locations:

  • Washington, DC (Headquarters): 5111 Yuma Place Northwest, Washington, DC 
  • Additional Offices: None

Website: https://www.potomacequitypartners.com/

Quote: “Our mission is to provide superior equity returns through close partnership and collaboration with our portfolio company management teams, leveraging our extensive industry expertise and network.” – John Bates, Founder and Partner​

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Resilience Capital Partners

Investment Style: Resilience Capital Partners specializes in investing in lower middle-market companies, focusing on operational improvement and strategic growth. They target businesses facing operational or financial challenges, aiming to create value through hands-on management and strategic initiatives.

Portfolio Companies: Their diverse portfolio includes companies like DealerShop (automotive parts), Simcom Aviation Training (aviation training), Thermal Solutions Manufacturing (heat transfer products), and Affinity Apparel (uniform solutions).

Founding Date: 2001

Number of Investment Professionals: Over 30

Number of Funds: 4

Assets Under Management: $750 million

Value Addition Examples: Resilience Capital Partners helped Aerospace Technologies Group streamline operations and expand market reach, significantly improving its financial performance. They also supported Thermal Solutions Manufacturing with operational efficiencies and strategic growth initiatives, leading to significant revenue growth.

Key Investment Professionals and Contributions:

  • Steven Rosen, Co-CEO and Co-Founder: Rosen has been instrumental in identifying investment opportunities and driving strategic initiatives across the portfolio. He played a key role in the turnaround and growth of Aerospace Technologies Group.
  • Bassem Mansour, Co-CEO and Co-Founder: Mansour focuses on operational improvements and strategic growth, playing a pivotal role in transforming Thermal Solutions Manufacturing.
  • Robert Schwartz, Managing Director: Schwartz has been crucial in business development and origination, leading the successful acquisition of DealerShop.
  • David Glickman, Managing Director: Glickman has been vital in managing portfolio operations and executing strategic growth initiatives across various companies.

Recent Exits:

  1. Affinity Apparel to Regent Holding Company: Financial advisors included Robert W. Baird & Co., showcasing Resilience’s ability to enhance value and secure profitable exits.
  2. Sale of Luminance: The sale to Resilience Capital Partners was facilitated by Intrepid Investment Bankers, highlighting strategic growth and market expansion.

Recent Acquisitions:

  • Luminance: Acquired to expand its presence in the lighting solutions market, focusing on organic growth and strategic acquisitions.
  • Thermal Solutions Manufacturing: Acquired to expand its presence in the manufacturing sector, focusing on operational improvements and market expansion.

Office Locations:

  • Cleveland (Headquarters): 25101 Chagrin Boulevard, Suite 350, Cleveland
  • Additional Offices: None

Website: https://www.resiliencecapital.com/

Quote: “At Resilience, we believe in partnering with management to enhance operations, strategy, and finance. We take a long-term view and bring large company resources to the middle market to create enduring value.” – Steve Rosen, Co-CEO and Co-Founder

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White Wolf Capital

Investment Style: White Wolf Capital focuses on management buyouts, recapitalizations, and investments in leading middle market companies. They target both private equity and private credit investment opportunities, emphasizing partnership with management teams to drive value through acquisitions, business development initiatives, and operational improvements.

Portfolio Companies: Their diverse portfolio includes companies like NSC Technologies (staffing solutions), Consolidated Machine & Tool (precision machining services), DCCM (engineering and construction management), and Magenta (plastic containers and packaging).

Founding Date: 2011

Number of Investment Professionals: 19

Number of Funds: 23

Assets Under Management: $637 million

Value Addition Examples: White Wolf Capital’s acquisition strategy has significantly increased the scale and capabilities of companies like Consolidated Machine & Tool, where seven add-on acquisitions were completed in one year. Their hands-on approach in integrating platform companies has driven substantial growth and operational efficiency.

Key Investment Professionals and Contributions:

  • Elie Azar, Founder, CEO, and Managing Director: Azar has led the firm’s strategic direction and has been involved in all major investments. His leadership has been crucial in the firm’s growth and investment strategy.
  • Jonathan Satter, Chief Operating Officer and Managing Director: Satter oversees the firm’s operations and has played a key role in expanding its portfolio and improving operational efficiencies.
  • Richard Leggio II, Managing Director & Private Equity Team Lead: Leggio manages the overall private equity team, assisting in capital allocation and overseeing the private equity portfolio.
  • Don Ronchi, Managing Director & Operating Executive: Ronchi serves on the board of several portfolio companies and has been integral in executing strategic initiatives and operational improvements.

Recent Exits:

  1. NSC Technologies’ Sale to TrueBlue Inc.: Demonstrates White Wolf’s ability to enhance value and achieve successful exits.
  2. Consolidated Machine & Tool’s Expansion: Enhanced through strategic acquisitions and operational improvements under White Wolf’s guidance.

Recent Acquisitions:

  • Magenta: Acquired in May 2024, focusing on expanding its market presence in the plastic containers and packaging sector.
  • Seacoast Service Partners’ Acquisition of GMS Services: Expanded their service offerings in HVAC and plumbing services, highlighting White Wolf’s strategic growth initiatives.

Office Locations:

  • Miami (Headquarters): 501 Brickell Key Drive, Suite 104, Miami
  • Additional Offices: New York, Chicago, Montreal

Website: https://www.whitewolfcapital.com/

Quote: “We focus on creating value through a partnership approach with management teams, leveraging our extensive experience and network to drive growth and operational improvements.” – Elie Azar, Founder and CEO

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Northlane Capital Partners

Investment Style: Northlane Capital Partners specializes in control equity investments in North American lower middle-market companies, focusing on healthcare and business services sectors. They emphasize collaboration with management teams to drive strategic growth and operational improvements.

Portfolio Companies: Their diverse portfolio includes companies like Infobase (cloud-based educational solutions), VMG Health (valuation and transaction advisory services), and Compliance Risk Analyzer (enterprise systems for healthcare).

Founding Date: 2017

Number of Investment Professionals: 12

Number of Funds: 2

Assets Under Management: $683 million

Value Addition Examples: Northlane Capital Partners significantly enhanced VMG Health’s service offerings and market reach through strategic acquisitions. They also supported Infobase in scaling its educational technology platform and expanding its content offerings.

Key Investment Professionals and Contributions:

  • Eugene Krichevsky, Partner: Krichevsky has over 15 years of lower middle market private equity experience. He played a key role in the investment in VMG Health and Infobase, driving strategic growth and operational improvements.
  • Justin DuFour, Partner: DuFour has been instrumental in identifying and executing investments, focusing on the healthcare sector. He led the firm’s investment in Compliance Risk Analyzer.
  • Sean Eagle, Partner: Eagle has been vital in developing the firm’s investment strategy and managing portfolio companies. His efforts have been central to the success of multiple investments, including VMG Health.

Recent Exits:

  1. VMG Health to Incline Equity Partners: Demonstrates Northlane’s ability to enhance value and achieve successful exits.
  2. Sale of Firma Clinical Research: Enhanced through strategic growth initiatives and operational improvements under Northlane’s guidance.

Recent Acquisitions:

  • Infobase: Acquired to expand its presence in the educational technology market, focusing on content delivery and platform enhancement.
  • Compliance Risk Analyzer: Acquired to bolster their offerings in healthcare enterprise systems, emphasizing regulatory compliance and risk management.

Office Locations:

  • Bethesda (Headquarters): 2 Bethesda Metro Center, Suite 1510, Bethesda
  • Additional Offices: None

Website: https://www.northlanecapital.com/

Quote: “Our strategy is to partner with industry-leading companies and great management teams, aligning incentives to accelerate growth and build value.” – Eugene Krichevsky, Partner​

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Borgman Capital

Investment Style: Borgman Capital focuses on acquiring successful, privately-held, lower middle-market businesses that are poised for growth. They invest in companies across various sectors, including manufacturing, business services, and distribution, with annual revenues between $10 million and $100 million and EBITDA between $2 million and $15 million.

Portfolio Companies: Their portfolio includes companies such as AscendTek (telecommunications infrastructure), SRU Electric (communications infrastructure services), Skinner & Cook (wireless communication), Southeastern Meats (food production), Durex Products (mineral processing equipment), K.G. Stevens (countertop fabrication), and Buck Bone Organics (pet products).

Founding Date: 2017

Number of Investment Professionals: 10

Number of Funds: 2

Assets Under Management: Approximately $250 million

Value Addition Examples: Borgman Capital significantly enhanced the capabilities and market reach of companies like Northern Metalworks by investing in new technology and optimizing production processes. They also facilitated the expansion of Pack Logix through strategic acquisitions and operational improvements, leading to increased market share.

Key Investment Professionals and Contributions:

  • Sequoya Borgman, Founder and CEO: With over two decades of experience in mergers and acquisitions, Sequoya Borgman has led the strategic direction of Borgman Capital, playing a pivotal role in major investments such as Buck Bone Organics.
  • Ben Axelrod, Managing Director: Axelrod joined Borgman Capital in 2023 and has been instrumental in growing the firm’s investment portfolio, leveraging over 20 years of M&A experience.
  • Megan Brobson, Vice President: Since joining in 2019, Brobson has focused on financial analysis and driving growth across portfolio companies.

Recent Exits:

  1. Aerial Work Platforms to Herc Rentals: This exit highlighted Borgman’s ability to enhance value and achieve successful sales by improving market positioning and operational efficiency.
  2. Sale of Technical Products, Inc.: Facilitated strategic growth and operational improvements leading to a profitable exit.

Recent Acquisitions:

  • Buck Bone Organics: Acquired to expand their presence in the pet products market, focusing on eco-friendly and health-conscious offerings.
  • Technical Products, Inc.: Acquired to bolster their offerings in the chemical distribution market, with a focus on service expansion and operational enhancements.

Office Locations:

  • Milwaukee (Headquarters): 111 East Kilbourn Avenue, Suite 2600, Milwaukee
  • Additional Offices: Twin Cities

Website: https://www.borgmancapital.com/

Quote: “We are committed to partnering with exceptional companies to drive long-term value through strategic growth and operational excellence.” – Sequoya Borgman, Founder and CEO

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Leeds Equity Partners

Investment Style: Leeds Equity Partners focuses on control investments in the education, training, and information services industries. They aim to partner with management teams to drive growth through strategic acquisitions, operational improvements, and industry consolidation.

Portfolio Companies: Their diverse portfolio includes companies such as Exterro (legal and compliance software), Fusion Education Group (K-12 private school management), Simplify Compliance (regulatory and business information), and EducationDynamics (higher education marketing).

Founding Date: 1993

Number of Investment Professionals: 16

Number of Funds: 7

Assets Under Management: $4.8 billion

Value Addition Examples: Leeds Equity Partners has significantly grown Exterro by expanding its product offerings and entering new markets. They have also supported Fusion Education Group in acquiring additional schools and enhancing their educational programs.

Key Investment Professionals and Contributions:

  • Jeffrey Leeds, President and Co-Founder: With over three decades of private equity experience, Leeds has been instrumental in shaping the firm’s strategic direction and leading major investments.
  • Robert Bernstein, Managing Director: Bernstein specializes in identifying investment opportunities and executing strategic growth initiatives, particularly in the education sector.
  • Chris Mairs, Managing Director: Mairs focuses on portfolio management and operational improvements, contributing significantly to the growth of portfolio companies.

Recent Exits:

  1. Barbri to Francisco Partners: This exit underscores Leeds Equity’s ability to enhance value and achieve successful exits.
  2. Sale of Covenant Review to Fitch Group: Demonstrates their capability in executing profitable exits through strategic growth and operational enhancements.

Recent Acquisitions:

  • Exterro: Acquired to expand their presence in the legal and compliance software market, focusing on product development and market expansion.
  • Fusion Education Group: Acquired to bolster their offerings in the K-12 education sector, emphasizing school management and educational program enhancements.

Office Locations:

  • New York (Headquarters): 590 Madison Avenue, 40th Floor, New York
  • Additional Offices: Palm Beach

Website: https://www.leedsequity.com/

Quote: “Our firm is dedicated to partnering with management teams in the Knowledge Industries to drive growth and create long-term value through strategic acquisitions and operational improvements.” – Jeffrey Leeds, President and Co-Founder​

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L Catterton

Investment Style: L Catterton focuses on building iconic and enduring consumer brands. They invest across various segments of the consumer industry, including food and beverage, retail and restaurants, consumer products and services, and health and wellness. Their approach combines strategic insights with operational excellence, leveraging deep category expertise to drive growth and value creation.

Portfolio Companies: Their diverse portfolio includes companies such as Birkenstock (footwear), Peloton (fitness), Nature’s Variety (pet food), Pinarello (bicycles), and Ainsworth Pet Nutrition (pet food).

Founding Date: 1989

Number of Investment Professionals: Over 200

Number of Funds: 6 (across Flagship Buyout, North American Growth, Latin America, Europe, Asia, and Real Estate)

Assets Under Management: $34 billion

Value Addition Examples: L Catterton has significantly expanded the market reach and product offerings of Peloton by leveraging its expertise in consumer brand building and digital engagement. They also facilitated Birkenstock’s growth into new markets and product categories through strategic acquisitions and brand positioning.

Key Investment Professionals and Contributions:

  • Michael Chu, Co-CEO: Chu has been instrumental in guiding L Catterton’s strategic vision and operational execution, leading major investments like Peloton and Birkenstock.
  • Scott Dahnke, Co-CEO: Dahnke focuses on global investment strategy and has played a key role in the firm’s expansion into international markets.
  • Avik Pramanik, Partner: Pramanik has led significant transactions in the health and wellness sector, driving growth and operational efficiencies in portfolio companies.

Recent Exits:

  1. ClassPass to Mindbody: This exit highlighted L Catterton’s ability to scale digital consumer brands and achieve profitable exits.
  2. Sale of Odwalla to Full Sail Brewing Company: Enhanced through strategic brand positioning and market expansion.

Recent Acquisitions:

  • KIKO MILANO: Acquired to strengthen their presence in the beauty and cosmetics market, focusing on expanding product lines and global reach.
  • Homebase: Acquired to bolster their technology and services in the home improvement sector.

Office Locations:

  • Greenwich (Headquarters): 599 West Putnam Avenue, Greenwich
  • Additional Offices: New York, Paris, London, Singapore, Tokyo, and São Paulo

Website: https://www.lcatterton.com/

Quote: “Our mission is to be the partner of choice for leading consumer brands, leveraging our deep category insight and operational expertise to drive growth and value creation.” – Michael Chu, Co-CEO

For further insights on L Catterton, check out the video below from Alexej:

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Paceline Equity Partners

Investment Style: Paceline Equity Partners focuses on value-oriented, opportunistic, and special situations investments across North America. They employ a flexible and contrarian approach to investing, identifying trends ahead of the market and targeting situations involving complexity or idiosyncratic risk. Their asset management strategy emphasizes value creation and accelerated returns while mitigating risk through experienced leadership.

Portfolio Companies: Their diverse portfolio includes companies such as Vaco (consulting and talent solutions), LifeCare (healthcare services), Global Resale (electronics reverse logistics), AHF Products (flooring), and Quick Fitting (plumbing solutions).

Founding Date: 2018

Number of Investment Professionals: 15

Number of Funds: 1

Assets Under Management: $1.2 billion

Value Addition Examples: Paceline Equity Partners has significantly improved operational efficiencies and expanded service offerings for LifeCare, enhancing its market position. They supported Vaco in its strategic growth initiatives, leading to substantial market expansion and increased profitability. Furthermore, they transformed AHF Products through strategic acquisitions and operational enhancements, driving significant value creation.

Key Investment Professionals and Contributions:

  • Leigh Sansone, Chief Investment Officer: Sansone is a founding partner and has been pivotal in shaping Paceline’s investment strategy and overseeing significant transactions, including investments in AHF Products and Quick Fitting​​.
  • Grant Wilbeck, Head of Investments: Wilbeck plays a critical role in portfolio management and value creation across multiple investments, including RELAM and Global Resale​.
  • Jonathan Rosen, Managing Director: Rosen has been integral in driving the firm’s investment efforts and overseeing portfolio company growth.

Recent Exits:

  1. Sale of LifeCare to Carlyle Group: This exit highlighted Paceline’s ability to enhance operational performance and achieve successful exits.
  2. Exit from Global Resale: Achieved through strategic growth initiatives and operational improvements.

Recent Acquisitions:

  • Purchase of StonePoint Materials: Acquired to expand their portfolio in the construction materials sector, focusing on market consolidation and operational enhancements.
  • Investment in Vaco: Acquired to strengthen their position in the consulting and talent solutions market, emphasizing strategic growth and service expansion.

Office Locations:

  • Dallas (Headquarters): 3838 Oak Lawn Avenue, Suite 600, Dallas
  • Additional Offices: None

Website: https://www.pacelineequity.com/

Quote: “Paceline is committed to integrating ESG principles into our investment decision-making and oversight processes and recognizes that effective ESG management can create stronger risk-adjusted returns in harmony with our firm’s value-oriented and specialized strategy.” – Leigh Sansone, Chief Investment Officer​

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HCAP Partners

Investment Style: HCAP Partners focuses on providing growth capital to lower-middle market companies throughout California and the Western United States. They primarily invest in companies within healthcare, software, services, and manufacturing sectors. Their approach includes both equity and mezzanine debt investments, emphasizing collaboration with management teams to foster sustainable growth and value creation.

Portfolio Companies: Their portfolio includes companies such as CAPE Environmental (environmental consulting), Resolve Systems (IT services), Taylor Research (clinical trials), and CoverHounds (insurance technology).

Founding Date: 2000

Number of Investment Professionals: 10

Number of Funds: 4

Assets Under Management: $670 million

Value Addition Examples: HCAP Partners significantly improved operational efficiencies and market reach for Taylor Research, enabling the company to expand its clinical trial offerings. They also supported Resolve Systems in enhancing its IT service capabilities and scaling its business model through strategic growth initiatives. Additionally, their involvement with CoverHounds helped the company innovate and expand its insurance technology solutions, creating substantial market impact.

Key Investment Professionals and Contributions:

  • Tim Bubnack, Managing Partner: Bubnack has over 30 years of experience in private equity and has been pivotal in driving the firm’s investment strategy and portfolio management. He has overseen numerous successful investments across HCAP’s funds​​.
  • Frank Mora, Senior Partner: Mora has extensive experience in managing growth capital investments and has played a crucial role in shaping HCAP’s strategic direction and value creation initiatives.
  • Hope Mago, Partner: Mago focuses on identifying and executing growth capital investments, significantly contributing to the expansion of companies like CoverHounds and Resolve Systems​​.

Recent Exits:

  1. Sale of CAPE Environmental to Golder Associates: This exit demonstrated HCAP’s ability to scale environmental consulting services and achieve profitable exits.
  2. Exit from Taylor Research: Achieved through strategic growth and operational improvements, leading to a successful sale.

Recent Acquisitions:

  • Investment in Resolve Systems: Acquired to enhance their presence in the IT services market, focusing on expanding service capabilities and market reach.
  • Investment in CoverHounds: Acquired to strengthen their position in the insurance technology sector, emphasizing strategic growth and innovation.

Office Locations:

  • La Jolla (Headquarters): 4250 Executive Square, Suite 500, La Jolla
  • Additional Offices: None

Website: https://www.hcap.com/

Quote: “HCAP Partners is dedicated to supporting the growth of lower-middle market companies by providing flexible capital solutions and value-added resources, ensuring our portfolio companies thrive and generate high-quality jobs.” – Tim Bubnack, Managing Partner

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TriSpan

Investment Style: TriSpan focuses on lower middle market investments, targeting companies with strong growth potential in the consumer, healthcare, and business services sectors. They leverage a hands-on approach to partner with management teams, driving operational improvements and strategic growth. Their flexible investment strategy includes both control and minority equity investments, with a reputation for deep operational and financial resources.

Portfolio Companies: Their diverse portfolio includes companies such as Rosa Mexicano (restaurant chain), Rise Baking Company (baked goods), Cote (Korean steakhouse), and Mowgli (Indian street food restaurant).

Founding Date: 2015

Number of Investment Professionals: 20

Number of Funds: 2 (Opportunities Fund and Rising Stars Fund)

Assets Under Management: $1.5 billion

Value Addition Examples: TriSpan has significantly enhanced operational efficiencies and expanded market reach for Rosa Mexicano, enabling the restaurant chain to grow both domestically and internationally. They also supported Rise Baking Company in expanding its product lines and improving production processes through strategic initiatives. Additionally, their investment in Mowgli has driven substantial growth and brand development in the UK casual dining market.

Key Investment Professionals and Contributions:

  • Fady Michel Abouchalache, Founding Partner: Abouchalache has over 25 years of private equity and real estate experience and has been instrumental in shaping TriSpan’s investment strategy and overseeing significant transactions.
  • Elan Schultz, Founding Partner: Schultz brings over 25 years of experience in private equity and has played a key role in growing TriSpan’s portfolio through strategic investments and operational improvements.
  • Baudoin Lorans, Partner: Lorans focuses on driving value creation and has been pivotal in TriSpan’s investments in companies like Prestige PEO and Mowgli.

Recent Exits:

  1. Sale of Rosa Mexicano to a strategic buyer: This exit highlighted TriSpan’s ability to scale consumer brands and achieve profitable exits.
  2. Exit from Rise Baking Company: Achieved through operational improvements and market expansion, leading to a successful sale.

Recent Acquisitions:

  • Investment in Cote: Acquired to expand their presence in the upscale dining sector, focusing on enhancing customer experience and operational efficiency.
  • Investment in Healix: Acquired to strengthen their portfolio in the healthcare sector, emphasizing innovative solutions and strategic growth.

Office Locations:

  • New York (Headquarters): 152 West 57th Street, 5th Floor, New York
  • Additional Offices: London

Website: https://www.trispanllp.com/

Quote: “TriSpan is committed to partnering with exceptional management teams to drive growth and operational excellence, ensuring our portfolio companies achieve their full potential.” – Elan Schultz, Founding Partner​

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Alpine Investors

Investment Style: Alpine Investors focuses on people-driven private equity investments in the lower middle market. They prioritize investments in software, business services, and consumer services sectors. Their unique approach includes a focus on talent, providing operational and strategic support to drive growth and create value.

Portfolio Companies: Their diverse portfolio includes companies such as Ingenio (advice marketplace), MidAmerica (employee benefits), Apex Service Partners (home services), TEAM Services Group (home care), Axcel Learning (professional education), and Bill4Time (legal practice management software).

Founding Date: 2001

Number of Investment Professionals: 50

Number of Funds: 8

Assets Under Management: $17 billion

Value Addition Examples: Alpine Investors has driven substantial growth for Ingenio by expanding its service offerings and entering new markets. They also supported MidAmerica in enhancing its employee benefits solutions, leading to significant market expansion and improved customer satisfaction. Additionally, their investment in Apex Service Partners has resulted in considerable operational improvements and strategic growth initiatives.

Key Investment Professionals and Contributions:

  • Graham Weaver, Founder and CEO: Weaver has been instrumental in shaping Alpine’s investment strategy and driving its people-focused approach to private equity. He has overseen numerous successful investments and exits across the firm’s history.
  • Mark Strauch, Partner: Strauch focuses on identifying and executing investments in the software and services sectors, contributing significantly to the growth of companies like Ingenio and Apex Service Partners.
  • Matt Moore, Partner: Moore has played a key role in managing Alpine’s portfolio and driving value creation through strategic initiatives and operational improvements.

Recent Exits:

  1. Sale of MidAmerica to HealthEquity: Demonstrates Alpine’s ability to enhance value and achieve successful exits.
  2. Exit from Ingenio: Achieved through strategic growth and market expansion, leading to a profitable sale.

Recent Acquisitions:

  • Investment in Apex Service Partners: Acquired to strengthen their position in the home services market, focusing on operational improvements and strategic growth.
  • Investment in TEAM Services Group: Acquired to enhance their presence in the home care sector, emphasizing talent development and service expansion.

Office Locations:

  • San Francisco (Headquarters): 1 California Street, Suite 2900, San Francisco
  • Additional Offices: New York, Salt Lake City 

Website: https://www.alpineinvestors.com/

Quote: “We believe businesses are built by investing in culture, not in spite of it. Our PeopleFirst strategy is central to everything we do.” – Graham Weaver, Founder and CEO​

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Gauge Capital

Investment Style: Gauge Capital focuses on partnering with founders, entrepreneurs, and management teams to help lower middle-market companies grow. They invest in business services, healthcare, consumer, and industrial sectors. Their strategy includes both control and minority investments, providing capital and strategic resources to accelerate growth and improve operations.

Portfolio Companies: Their portfolio includes companies such as Value-Based Care Solutions (healthcare services), Schlesinger Group (market research), Beauty Industry Group (consumer beauty products), Wireless Vision (telecommunications), Comprehensive EyeCare Partners (healthcare services), and RIP-IT (athletic equipment and footwear).

Founding Date: 2013

Number of Investment Professionals: 20

Number of Funds: 2

Assets Under Management: $3 billion

Value Addition Examples: Gauge Capital significantly enhanced the operational efficiencies and market reach of Schlesinger Group, facilitating its expansion into new markets and service offerings. They also supported the growth of Value-Based Care Solutions through strategic acquisitions and operational improvements. Additionally, their involvement with Beauty Industry Group helped scale its operations and expand its product offerings.

Key Investment Professionals and Contributions:

  • Tom McKelvey, Co-Founder and Managing Partner: McKelvey has been crucial in shaping the firm’s investment strategy and overseeing major investments, such as Schlesinger Group and Beauty Industry Group.
  • Drew Johnson, Co-Founder and Managing Partner: Johnson focuses on healthcare and business services investments, contributing significantly to the growth of Value-Based Care Solutions and Comprehensive EyeCare Partners.
  • David Friedman, Partner: Friedman has been instrumental in identifying and executing investments in the industrial and consumer sectors, driving significant value creation.

Recent Exits:

  1. Sale of Schlesinger Group to a strategic buyer: Demonstrated Gauge Capital’s ability to scale businesses and achieve profitable exits.
  2. Exit from Value-Based Care Solutions: Achieved through strategic growth and market expansion, leading to a successful sale.
  3. Sale of Miami Beach Medical Group: Showcased their capacity to enhance operational performance and secure lucrative exits.

Recent Acquisitions:

  • Investment in Beauty Industry Group: Acquired to expand their presence in the consumer beauty products sector, focusing on operational improvements and strategic growth.
  • Investment in NVA: Acquired to strengthen their position in the veterinary services market, emphasizing talent development and service expansion.
  • Investment in Wireless Vision: Strengthened their portfolio in the telecommunications sector, focusing on market expansion and operational efficiency.

Office Locations:

  • Southlake (Headquarters): 1256 Main Street, Suite 256, Southlake
  • Additional Offices: None

Website: https://www.gaugecapital.com/

Quote: “We are excited to partner with talented management teams to build market-leading companies through strategic investments and operational excellence.” – Drew Johnson, Co-Founder and Managing Partner​

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Mangrove Equity Partners

Investment Style: Mangrove Equity Partners specializes in providing equity capital to lower middle-market companies, focusing on sectors such as manufacturing, distribution, and business services. Their investment strategy emphasizes collaboration with management teams to drive growth and create long-term value. Mangrove typically invests in companies with strong market positions, high growth potential, and committed management teams.

Portfolio Companies: Their portfolio includes companies such as Coastal Construction Products (building materials), MaxHome (home improvement), Vortex Companies (infrastructure services), Redwood Plastics and Rubber (industrial products), and Mid-State Industrial Maintenance (industrial maintenance services).

Founding Date: 2006

Number of Investment Professionals: 12

Number of Funds: 2

Assets Under Management: $500 million

Value Addition Examples: Mangrove Equity Partners has significantly improved operational efficiencies and market expansion for Coastal Construction Products, enabling the company to enter new markets and diversify its product offerings. They also supported the growth of MaxHome by enhancing its service capabilities and expanding its customer base through strategic acquisitions. Their involvement with Vortex Companies has driven substantial operational improvements and strategic growth.

Key Investment Professionals and Contributions:

  • Hunter Reichert, Co-Founder and Managing Director: Reichert leads Mangrove’s transaction execution team and contributes to deal sourcing and portfolio company operating initiatives. He has played a key role in driving growth for companies like Vortex and MaxHome.
  • Glenn Oken, Co-Founder and Managing Director: Oken focuses on originating deal opportunities and qualifying acquisition candidates. He assists portfolio companies with corporate development issues, contributing significantly to the success of Redwood Plastics and Rubber.
  • Matt Young, Co-Founder and Managing Director: Young is responsible for leading Mangrove’s portfolio management and value creation efforts. He has been instrumental in the firm’s investments and exits, particularly with Coastal Construction Products and Mid-State Industrial Maintenance.

Recent Exits:

  1. Sale of Coastal Construction Products to a strategic buyer: This exit highlighted Mangrove’s ability to scale businesses and achieve profitable exits.
  2. Exit from Vortex Companies: Achieved through strategic growth and market expansion, leading to a successful sale.
  3. Sale of Mid-State Industrial Maintenance: Demonstrated their capability in enhancing operational performance and securing lucrative exits.

Recent Acquisitions:

  • Investment in MaxHome: Acquired to expand their presence in the home improvement sector, focusing on operational improvements and service expansion.
  • Investment in Aquila: Strengthened their portfolio in the engineering and construction sector, focusing on market expansion and operational efficiency.
  • Investment in Redwood Plastics and Rubber: Acquired to enhance their capabilities in the manufacturing and distribution sector.

Office Locations:

  • Tampa (Headquarters): 101 S. Franklin Street, Suite 205, Tampa
  • Additional Offices: None

Website: https://www.mangroveequity.com/

Quote: “A chief differentiator for Mangrove is its four-partner internal operating team that serves as a powerful support system to owner/operators seeking to break through inflection points, optimize functional areas and build value, while fostering healthy cultures at their companies.” – Glenn Oken, Managing Director

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Argand Partners

Investment Style: Argand Partners focuses on middle-market industrial and consumer businesses. They seek to invest in complex situations where they can leverage their operational expertise to drive growth and value creation. Their strategy includes both control and influential minority positions, with a preference for businesses that are leaders in their respective markets.

Portfolio Companies: Their portfolio includes companies such as Sigma Electric Manufacturing (electrical fittings and assemblies), Brintons Carpets (luxury carpet manufacturing), OASE (water features and fountain technology), Cherry (demolition and environmental services), and Concrete Pumping Holdings (concrete pumping services).

Founding Date: 2015

Number of Investment Professionals: 15

Number of Funds: 2

Assets Under Management: $1.5 billion

Value Addition Examples: Argand Partners has driven significant improvements in Sigma Electric Manufacturing by expanding its product offerings and optimizing its production processes. They also supported Brintons Carpets in enhancing its manufacturing capabilities and entering new markets. Additionally, their involvement with OASE has led to substantial growth and innovation in water feature technology.

Key Investment Professionals and Contributions:

  • Howard Morgan, Managing Partner: Morgan has over three decades of private equity experience and has been instrumental in shaping Argand’s investment strategy and overseeing major investments. His expertise has significantly contributed to the growth of Sigma Electric and Brintons Carpets.
  • Tariq Osman, Managing Partner: Osman focuses on identifying and executing investments in the industrial and consumer sectors, driving significant value creation for portfolio companies. He played a critical role in the successful acquisition and growth of OASE.
  • Heather Faust, Managing Partner: Faust has been pivotal in managing Argand’s portfolio and implementing strategic growth initiatives, contributing to the successful expansion of their key investments.

Recent Exits:

  1. Sale of Sigma Electric Manufacturing to a strategic buyer: Highlighted Argand’s ability to scale businesses and achieve profitable exits.
  2. Exit from Brintons Carpets: Achieved through operational improvements and market expansion, leading to a successful sale.
  3. Sale of OASE to a strategic investor: Demonstrated their capability in enhancing value and securing lucrative exits.

Recent Acquisitions:

  • Investment in Cherry: Acquired to expand their presence in the demolition and environmental services sector, focusing on operational improvements and strategic growth.
  • Investment in Brintons Carpets: Acquired to expand their luxury carpet manufacturing capabilities and market reach.
  • Investment in Concrete Pumping Holdings: Acquired to strengthen their offerings in concrete services and drive operational efficiency.

Office Locations:

  • New York (Headquarters): 28 West 44th Street, Suite 501, New York
  • Additional Offices: None

Website: https://www.argandequity.com/

Quote: “We partner with management teams to realize their full potential through active partnership, deep operating expertise, and an intense focus on building global growth platforms.” – Heather Faust, Managing Partner​

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CapStreet Group

Investment Style: CapStreet Group specializes in lower middle-market private equity investments, focusing on industrial and business services sectors. They aim to partner with management teams to drive growth and improve operational efficiencies through strategic planning and hands-on management. Their approach leverages their CapValue Framework® to enhance value through operational improvements, strategic acquisitions, and growth initiatives.

Portfolio Companies: Their portfolio includes companies such as Symplr (healthcare governance, risk, and compliance software), Thorpe Specialty Services (industrial services), Datacert (legal management solutions), Venari Resources (oil and gas), Arrowhead Engineered Products (aftermarket parts), and Trinity Consultants (environmental consulting).

Founding Date: 1990

Number of Investment Professionals: 20

Number of Funds: 5

Assets Under Management: $2 billion

Value Addition Examples: CapStreet Group has significantly enhanced operational efficiencies and market reach for Symplr, facilitating its growth in the healthcare sector. They also supported the expansion of Thorpe Specialty Services through strategic acquisitions and operational improvements, and their involvement with Datacert led to increased market penetration and technological advancements. Their investment in Trinity Consultants enabled the company to broaden its service offerings and expand its geographic presence.

Key Investment Professionals and Contributions:

  • George Kelly, Managing Partner: Kelly has been instrumental in shaping CapStreet’s investment strategy and overseeing major investments such as Symplr and Thorpe Specialty Services. His expertise in growth strategies has been crucial in driving value creation across the portfolio.
  • Neil Kallmeyer, Managing Partner: Kallmeyer focuses on identifying and executing investments in the industrial and business services sectors, contributing significantly to the growth of companies like Datacert and Venari Resources. His leadership in operational improvements has been pivotal.
  • Paul De Lisi, Partner: De Lisi has played a key role in managing CapStreet’s portfolio and driving value creation through strategic initiatives and operational improvements. He has been deeply involved in the firm’s investments in Arrowhead Engineered Products and Trinity Consultants.

Recent Exits:

  1. Sale of Symplr to a strategic buyer: Demonstrated CapStreet’s ability to scale businesses and achieve profitable exits.
  2. Exit from Thorpe Specialty Services: Achieved through strategic growth and market expansion, leading to a successful sale.
  3. Sale of Datacert to a strategic investor: Showcased their capability in enhancing value and securing lucrative exits.

Recent Acquisitions:

  • Investment in Venari Resources: Acquired to strengthen their presence in the oil and gas sector, focusing on operational improvements and strategic growth.
  • Investment in Arrowhead Engineered Products: Acquired to expand their offerings in aftermarket parts and drive operational efficiency.
  • Investment in Trinity Consultants: Acquired to enhance their capabilities in environmental consulting and expand their geographic presence.

Office Locations:

  • Houston  (Headquarters): 1001 Louisiana Street, Suite 3200, Houston
  • Additional Offices: None

Website: https://www.capstreet.com/

Quote: “We focus on creating long-term value by partnering with exceptional management teams and leveraging our operational expertise to drive growth and improve efficiencies.” – George Kelly, Managing Partner​

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MSouth Equity Partners

Investment Style: MSouth Equity Partners specializes in middle-market private equity investments, focusing on sectors such as manufacturing, distribution, business services, and healthcare. They aim to partner with management teams to provide strategic guidance, operational support, and growth capital to drive value creation and business expansion. Their approach includes making control investments in companies with strong growth potential, emphasizing a collaborative and hands-on partnership to enhance operational performance and strategic growth.

Portfolio Companies: Their portfolio includes companies like Technical Innovation (audio-visual integration), Systems One (technical staffing and workforce solutions), Peachtree Waste (waste management services), Spectrio (customer engagement technology), Southern HVAC (heating, ventilation, and air conditioning services), and Engineered Products (structural storage solutions).

Founding Date: 2007

Number of Investment Professionals: 18

Number of Funds: 4

Assets Under Management: $2.2 billion

Value Addition Examples: MSouth Equity Partners has driven significant growth for Technical Innovation by enhancing its service offerings and expanding its market reach. They also supported Systems One in improving operational efficiencies and scaling its workforce solutions. Additionally, their investment in Spectrio led to substantial advancements in customer engagement technologies and market expansion.

Key Investment Professionals and Contributions:

  • Peter Pettit, Managing Partner: Pettit has over 30 years of private equity experience and has been instrumental in shaping MSouth’s investment strategy. His contributions to the growth of companies like Technical Innovation and Systems One have been significant.
  • Barry Boniface, Partner: Boniface focuses on identifying and executing investments in the business services and technology sectors. His leadership has been pivotal in driving value creation for Spectrio and Peachtree Waste.
  • Mike Long, Partner: Long has played a key role in managing MSouth’s portfolio and implementing strategic growth initiatives. He has been deeply involved in the firm’s investments in Southern HVAC and Engineered Products.

Recent Exits:

  1. Sale of Technical Innovation to Diversified: This exit highlighted MSouth’s ability to scale businesses and achieve profitable exits.
  2. Exit from Systems One: Achieved through strategic growth and operational improvements, leading to a successful sale.
  3. Sale of Peachtree Waste to Waste Connections: Demonstrated their capability in enhancing value and securing lucrative exits.

Recent Acquisitions:

  • Investment in Spectrio: Acquired to expand their presence in the customer engagement technology sector, focusing on innovation and market growth.
  • Investment in Southern HVAC: Acquired to strengthen their position in the HVAC services market, emphasizing operational improvements and strategic growth.
  • Investment in Engineered Products: Acquired to enhance their capabilities in structural storage solutions and support market expansion.

Office Locations:

  • Atlanta (Headquarters): Two Buckhead Plaza, 3050 Peachtree Road NW, Suite 550, Atlanta
  • Additional Offices: None

Website: https://www.msouth.com/

Quote: “Our mission is to partner with outstanding management teams to help companies reach their full potential through strategic guidance and operational support.” – Peter Pettit, Managing Partner.

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Rubicon Technology Partners

Investment Style: Rubicon Technology Partners focuses on investing in lower middle-market enterprise software companies. Their strategy involves partnering with management teams to drive long-term growth through strategic and operational improvements. Rubicon aims to build market-leading software companies by leveraging their extensive operational expertise and resources. They emphasize flexibility and collaboration to align with each company’s unique needs and growth objectives.

Portfolio Companies: Their portfolio includes companies such as Certent (equity management solutions), Domo (business intelligence software), Vision33 (enterprise resource planning), Personify (association management software), Kyriba (cloud treasury and finance solutions), Nulogy (supply chain collaboration solutions), and Tacton (CPQ SaaS technology).

Founding Date: 2012

Number of Investment Professionals: 15

Number of Funds: 2

Assets Under Management: $1.1 billion

Value Addition Examples: Rubicon has driven substantial growth for Certent by expanding its product offerings and enhancing its market reach. They supported Domo in improving its business intelligence capabilities and scaling its operations. Additionally, their investment in Vision33 led to significant advancements in enterprise resource planning solutions and market expansion. Their strategic investment in Nulogy has helped accelerate global growth through product innovation and go-to-market expansion.

Key Investment Professionals and Contributions:

  • Steve Carpenter, Managing Partner: Carpenter has over 25 years of experience in software investing and has been instrumental in shaping Rubicon’s investment strategy. His contributions to the growth of companies like Certent and Domo have been significant.
  • Vincent Chao, Partner: Chao focuses on identifying and executing investments in the enterprise software sector. His leadership has been pivotal in driving value creation for Nulogy and Vision33.
  • Jon Franke, Partner: Franke has played a key role in managing Rubicon’s portfolio and implementing strategic growth initiatives. He has been deeply involved in the firm’s investments in Kyriba and other software companies.

Recent Exits:

  1. Sale of Certent to InsightSoftware: Highlighted Rubicon’s ability to scale software businesses and achieve profitable exits.
  2. Exit from Domo: Achieved through strategic growth and operational improvements, leading to a successful sale.
  3. Sale of Vision33 to ITA Group: Demonstrated their capability in enhancing value and securing lucrative exits.

Recent Acquisitions:

  • Investment in Personify: Acquired to expand their presence in the association management software sector, focusing on innovation and market growth.
  • Investment in Kyriba: Acquired to strengthen their offerings in cloud treasury and finance solutions and drive operational efficiency.
  • Investment in Nulogy: Acquired to enhance their capabilities in supply chain collaboration solutions and support market expansion.

Office Locations:

  • Boulder (Headquarters): 1470 Walnut Street, Suite 400, Boulder
  • Additional Offices: New Haven

Website: https://www.rubicontp.com/

Quote: “We focus on what really matters. Our engagement model isn’t based on micro-detailed reporting templates and meaningless metrics — it’s based on contributing tangible, strategic value.” – Vincent Chao, Partner​

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Access Holdings

Investment Style: Access Holdings focuses on creating enduring businesses in essential service-based industries. They utilize a “build and buy” approach, combining high-velocity mergers and acquisitions (M&A) with organic growth initiatives. The firm emphasizes the use of innovative digital tools and modern systems architecture to achieve competitive advantages.

Portfolio Companies: Their portfolio includes companies like Foundation Partners Group (death care services), Kuvare (annuity and life insurance products), Regency Family (pet cremation services), Spotless Brands (express car washes), Playfly Sports (sports marketing and media), and Zeus Fire & Security (fire and security systems integration).

Founding Date: 2013

Number of Investment Professionals: Over 20 professionals

Number of Funds: 2 primary funds

Assets Under Management: Approximately $865 million

Value Addition Examples: Access Holdings played a crucial role in transforming Foundation Partners Group into the largest privately held provider of death care services in the U.S. by implementing scalable processes and leveraging digital tools. Similarly, Access Holdings propelled Kuvare into a leading provider of insurance products through strategic use of business analytics and modernization of systems architecture.

Key Investment Professionals and Contributions:

  • Kevin McAllister, Managing Partner: Instrumental in the strategic growth and operational scaling of Foundation Partners Group and Spotless Brands.
  • Michael Rodgers, Partner: Led the development of Playfly Sports, enhancing digital engagement and expanding market reach.
  • Josh Finifter, Managing Director: Played a significant role in expanding Regency Family’s market presence through strategic acquisitions and operational improvements.

Recent Exits:

  1. Kuvare: Sold to Blue Owl Capital for $750 million.
  2. Foundation Partners Group: Single-asset secondary transaction providing liquidity to pre-fund investors.
  3. Spotless Brands: Partial exit through a strategic partnership with another PE firm.

Recent Acquisitions:

  • Zeus Fire & Security: A provider of fire and security systems integration.
  • WagWay Group’s Partnership with PUPS Pet Club: Expansion in the pet services industry.
  • American Student Transportation Partners: Provider of student transportation services.

Office Locations:

  • Baltimore (Headquarters): 1001 N Charles St, Suite 800, Baltimore, Maryland 21201
  • Additional Offices: New York

Website: https://accessholdings.com/

Quote: “At Access Holdings, we believe in building enduring businesses by leveraging innovative digital tools and a strong operational foundation to scale and lead in their respective industries.” – Kevin McAllister, Managing Partner

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Windjammer Capital

Investment Style: Windjammer Capital specializes in control equity investments in middle-market companies, with a focus on advanced manufacturing, specialty distribution, and business services. Their approach emphasizes partnering with management teams to drive operational improvements and strategic growth, leveraging their deep industry experience and operational resources to support core strategic initiatives.

Portfolio Companies: Their diverse portfolio includes companies like Advanced Instruments (analytical test and measurement instruments), Component Hardware Group (plumbing and hardware), Advanced Distributor Products (HVAC components), Mission Critical Electronics (power conversion and battery-related products), Heritage Food Service Group (commercial kitchen and OEM replacement parts), and Hilco Vision (professional eyecare products and accessories).

Founding Date: 1990

Number of Investment Professionals: Over 20 professionals

Number of Funds: 6 primary funds

Assets Under Management: Approximately $3 billion

Value Addition Examples: Windjammer Capital played a significant role in expanding Advanced Instruments by improving operational efficiency and broadening product lines, which led to substantial revenue growth. Component Hardware Group also benefited from streamlined supply chain processes and enhanced product development capabilities under Windjammer’s guidance.

Key Investment Professionals and Contributions:

  • Gregory Bondick, Managing Principal: Instrumental in securing investments and guiding portfolio companies towards significant growth.
  • Jeffrey Miehe, Managing Principal: Focuses on leveraging operational resources to drive company growth and development, ensuring the implementation of key operational initiatives.
  • Brandon Edlefsen, Operating Director: Works with portfolio companies to drive organic growth through operational improvements and optimization initiatives.

Recent Exits:

  1. Advanced Instruments: Sold to Patricia Industries, showcasing significant growth and value creation.
  2. Hermetic Solutions Group: Sold to Qnnect, exemplifying a successful transformation under Windjammer’s ownership.
  3. Engineered Controls International: Exited with advisory support from BlackArch Partners, highlighting effective strategic management.

Recent Acquisitions:

  • EFC International: Expansion into fasteners and specialty component distribution.
  • Fecon: Manufacturer of vegetation management equipment, enhancing Windjammer’s portfolio in niche manufacturing.
  • Bio X Cell: Provider of research antibodies, underscoring Windjammer’s interest in specialized and high-growth markets.

Office Locations:

  • Newport Beach (Headquarters): 840 Newport Center Drive, Suite 650, Newport Beach
  • Additional Offices: Waltham

Website: https://www.windjammercapital.com/

Quote: “Investment in our operational resources has been critical to our partnerships with founders, entrepreneurs, and senior leadership teams at our portfolio companies.” – Jeffrey Miehe, Managing Principal​

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LongueVue Capital

Investment Style: LongueVue Capital focuses on providing growth equity and buyout capital to lower middle-market companies. Their strategy emphasizes partnering with businesses that have strong management teams and significant growth potential across various industries, including healthcare, logistics, and niche manufacturing. LongueVue Capital seeks to add value through strategic resources, operational improvements, and synergistic acquisitions.

Portfolio Companies: Their portfolio includes companies like Zavation Medical Products (surgical implants and instruments), Quality Senior Living Partners (senior housing communities), Southern Insulation (insulation services for commercial and industrial clients), Flow Control Group (industrial distribution), DirectMed Parts & Service (medical parts and services), and MedPharm Holdings (healthcare sector).

Founding Date: 2001

Number of Investment Professionals: Approximately 15 professionals

Number of Funds: 3 primary funds

Assets Under Management: Over $500 million

Value Addition Examples: LongueVue Capital played a crucial role in Zavation Medical Products’ expansion by enhancing its product offerings and distribution channels, leading to significant revenue growth. They also supported Quality Senior Living Partners in increasing operational efficiency and expanding its footprint in the senior housing market.

Key Investment Professionals and Contributions:

  • Rick Rees, Co-Founder and Managing Partner: Focuses on strategic growth initiatives and operational enhancements for portfolio companies.
  • John McNamara, CEO & Co-Founder: Plays a crucial role in sourcing and executing investments, leveraging his extensive industry experience.
  • Becky Toups, CFO & CCO: Oversees financial reporting, regulatory compliance, and investor relations, bringing extensive experience in investment accounting and regulatory reporting.

Recent Exits:

  1. Zavation Medical Products: Successfully exited through a strategic sale, demonstrating substantial growth under LongueVue’s guidance.
  2. Quality Senior Living Partners: Exited with significant returns, reflecting effective management and operational enhancements.
  3. Southern Insulation: Exited after achieving substantial market growth and operational efficiency improvements.

Recent Acquisitions:

  • Flow Control Group: Acquisition to enhance their portfolio in industrial distribution.
  • DirectMed Parts & Service: Expansion into the medical parts and services market.
  • MedPharm Holdings: Acquisition to bolster their presence in the healthcare sector.

Office Locations:

  • Metairie (Headquarters): 111 Veterans Blvd, Suite 1020, Metairie
  • Additional Offices: West Palm Beach

Website: https://www.lvcpartners.com/

Quote: “LongueVue Capital’s investment approach is to partner with management teams to drive growth and create value.” – Rick Rees, Co-Founder and Managing Partner​

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WestView Capital Partners

Investment Style: WestView Capital Partners focuses on growth equity investments in middle-market companies, primarily targeting business services, healthcare services, software and IT services, and consumer sectors. Their approach involves partnering with management teams to provide strategic resources, operational support, and capital to drive growth and value creation.

Portfolio Companies: Their portfolio includes companies like Collaborative Solutions (IT consulting), AxiomSL (regulatory reporting and risk management), and Vocera Communications (healthcare communication systems).

Founding Date: 2004

Number of Investment Professionals: Approximately 20 professionals

Number of Funds: 4 primary funds

Assets Under Management: Approximately $2.7 billion

Value Addition Examples: WestView Capital Partners helped Collaborative Solutions expand its global presence and service offerings, leading to substantial growth and a successful exit. They also supported AxiomSL in scaling its platform and entering new markets, significantly enhancing the company’s value.

Key Investment Professionals and Contributions:

  • Carlo von Schroeter, Managing Partner: Focuses on strategic growth initiatives and has been instrumental in several successful investments.
  • Richard Williams, Managing Partner: Specializes in healthcare services and has driven significant value creation in portfolio companies in this sector.
  • Matthew Carroll, Managing Partner: Leads investments in software and IT services, contributing to the growth and expansion of companies like Collaborative Solutions.

Recent Exits:

  1. Collaborative Solutions: Sold to Cognizant, showcasing significant growth and global expansion.
  2. AxiomSL: Exited with a substantial increase in market value after scaling operations and entering new markets.
  3. Vocera Communications: Successful IPO, reflecting strong growth and market leadership.

Recent Acquisitions:

  • Sterling Talent Solutions: Acquisition to expand their footprint in the background screening and workforce solutions market.
  • Absorb Software: Provider of cloud-based learning management systems, enhancing their presence in the education technology sector.
  • DentalXChange: Acquisition to bolster their offerings in the dental payment and transaction processing market.

Office Locations:

  • Boston (Headquarters): 125 High Street, Suite 2612, Boston
  • Additional Offices: None

Website: https://www.wvcapital.com/

Quote: “Our mission is to partner with outstanding management teams to help them achieve their growth objectives and create substantial value in their businesses.” – Carlo von Schroeter, Managing Partner​

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TSG Consumer Partners

Investment Style: TSG Consumer Partners specializes in investing in middle-market consumer brands, focusing on sectors such as food and beverage, personal care and household, apparel and accessories, and health and wellness. They aim to partner with high-growth companies and support them with strategic guidance, operational expertise, and capital for expansion.

Portfolio Companies: Their diverse portfolio includes companies like Vitamin Water (enhanced water beverages), Smart Balance (healthy food products), PopChips (snack foods), and Smashbox Cosmetics (beauty products).

Founding Date: 1986

Number of Investment Professionals: Approximately 30 professionals

Number of Funds: 7 primary funds

Assets Under Management: Over $9 billion

Value Addition Examples: TSG Consumer Partners played a significant role in the growth of Vitamin Water by providing strategic guidance and operational support, leading to its acquisition by Coca-Cola. They also helped build Smart Balance into a leading brand in the health food sector through targeted marketing and distribution strategies.

Key Investment Professionals and Contributions:

  • Jamie O’Hara, President: Oversees strategic direction and investment decisions, playing a key role in the success of portfolio companies.
  • Colin Welch, Managing Director: Focuses on identifying high-potential consumer brands and supporting their growth through strategic initiatives.
  • Pierre LeComte, Managing Director: Specializes in driving operational improvements and expanding market reach for portfolio companies.

Recent Exits:

  1. Vitamin Water: Acquired by Coca-Cola, highlighting significant growth and market penetration.
  2. Revolution Foods: Sold to a strategic buyer, reflecting successful scaling and market leadership in healthy school meals.
  3. PopChips: Exited through a strategic sale after substantial brand growth and market expansion.

Recent Acquisitions:

  • Stumptown Coffee Roasters: Expansion into the premium coffee market.
  • Backyard Discovery: Provider of outdoor play and patio products, enhancing their presence in the consumer lifestyle sector.
  • Spindrift: Sparkling water brand, reinforcing their focus on healthy and innovative beverages.

Office Locations:

  • Larkspur (Headquarters): 1100 Larkspur Landing Circle, Suite 360, Larkspur
  • Additional Offices: New York, London, Stamford, Summerlin

Website: https://www.tsgconsumer.com/

Quote: “We invest in brands you know and love, because we love them too. Our flexible approach allows us to make minority or majority investments in established companies looking to grow beyond their previous successes.” – Jamie O’Hara, President

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Main Street Capital

Investment Style: Main Street Capital provides long-term debt and equity capital to lower middle market companies and debt capital to middle market companies. They offer “one-stop” financing solutions to support management buyouts, recapitalizations, growth financings, refinancings, and acquisitions. Main Street focuses on partnering with entrepreneurs, business owners, and management teams to tailor transactions that meet the unique needs of their portfolio companies.

Portfolio Companies: Their diverse portfolio includes companies like Pinnacle Plastics (can liners and polybags), Compass Systems (pneumatic conveyance systems), IG Holdings (insignia and tactical products), and Cybermedia Technologies (IT modernization and digital transformation).

Founding Date: 1997

Number of Investment Professionals: Approximately 75 professionals

Number of Funds: Main Street operates multiple funds, including the Main Street Mezzanine Fund, LP and Main Street Capital III, LP, among others​​.

Assets Under Management: Over $7.4 billion

Value Addition Examples: Main Street Capital played a crucial role in expanding Pinnacle Plastics’ product lines and distribution channels, significantly boosting its market presence. They also supported Compass Systems in enhancing its operational capabilities and entering new markets, resulting in substantial growth.

Key Investment Professionals and Contributions:

  • Dwayne L. Hyzak, CEO: Instrumental in strategic direction and major investment decisions, leading to the firm’s substantial growth.
  • Jesse Morris, CFO & COO: Oversees financial operations and plays a crucial role in portfolio management and strategic initiatives.
  • David Magdol, President & CIO: Focuses on investment strategy and managing the firm’s portfolio, driving significant value creation​.

Recent Exits:

  1. CBT Nuggets: Successfully exited, demonstrating substantial growth and market leadership in online IT training.
  2. Televerde: Partial exit after enhancing operational efficiency and executive team capabilities.
  3. Kickhaefer Manufacturing Company: Strategic sale reflecting significant value creation and growth.

Recent Acquisitions:

  • IG Holdings: Expansion into the tactical products market.
  • Cybermedia Technologies: Strengthening presence in IT modernization and digital transformation.
  • Pinnacle Plastics: Bolstering product lines in packaging solutions.

Office Locations:

  • Houston (Headquarters): 1300 Post Oak Blvd, 8th Floor, Houston
  • Additional Offices: None

Website: https://www.mainstcapital.com/

Quote: “Our investment strategy is centered on providing tailored capital solutions and strategic support to help our portfolio companies achieve their full potential.” – Dwayne L. Hyzak, CEO.

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Altamont Capital Partners

Investment Style: Altamont Capital Partners specializes in making long-term investments in middle-market businesses. Their approach focuses on partnership, operational improvement, and strategic growth. They invest across a variety of industries including business services, healthcare, consumer, and industrial sectors.

Portfolio Companies: Their portfolio includes companies like McLarens (insurance services), Tacala (Taco Bell franchisee), and Douglas Products (specialty chemical manufacturer).

Founding Date: 2010

Number of Investment Professionals: Approximately 30 professionals

Number of Funds: Altamont has 4 primary funds.

Assets Under Management: Over $2.5 billion

Value Addition Examples: Altamont Capital Partners played a crucial role in expanding McLarens through strategic acquisitions and operational enhancements, significantly boosting its market position. They also helped Tacala grow its franchise operations, resulting in increased revenue and market presence.

Key Investment Professionals and Contributions:

  • Jesse Rogers, Managing Director: Leads investment strategies and has been pivotal in the growth of key portfolio companies. Rogers is known for his expertise in navigating complex transactions and strategic planning.
  • Randall Eason, Managing Director: Focuses on operational improvements and strategic growth initiatives. Eason has been instrumental in enhancing the operational efficiencies of portfolio companies, leading to substantial growth.
  • Keoni Schwartz, Managing Director: Specializes in complex investments and turnarounds, driving significant value creation. Schwartz’s experience in restructuring and market repositioning has been crucial for many portfolio companies.

Recent Exits:

  1. Douglas Products: Sold to a strategic buyer, reflecting strong growth and market leadership in specialty chemicals.
  2. McLarens: Partial exit demonstrating substantial market expansion and operational efficiency.
  3. Tacala: Strategic sale resulting in significant returns and growth.

Recent Acquisitions:

  • Bacharach, Inc.: Provider of HVAC-R gas instrumentation and energy management solutions.
  • Cotton Holdings, Inc.: Expansion into disaster recovery services.
  • Cascade Windows: Strengthening presence in the building products sector.

Office Locations:

  • Palo Alto (Headquarters): 400 Hamilton Avenue, Suite 230, Palo Alto
  • Additional Offices: Austin, San Francisco

Website: https://www.altamontcapital.com/

Quote: “We believe in partnering with strong management teams to drive transformational growth and create lasting value.” – Jesse Rogers, Managing Director​

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RLH Equity Partners

Investment Style: RLH Equity Partners specializes in growth equity investments in high-growth, entrepreneur-owned businesses. They focus on sectors such as business services, healthcare services, and government services. RLH emphasizes partnership with management teams, providing strategic guidance, operational support, and growth capital to drive business expansion and value creation.

Portfolio Companies: Their portfolio includes companies like Utegration (utility industry solutions), Astound Commerce (digital commerce solutions), and CrossCountry Consulting (business advisory services).

Founding Date: 1982

Number of Investment Professionals: Approximately 15 professionals

Number of Funds: RLH Equity Partners operates 3 primary funds.

Assets Under Management: Over $1 billion

Value Addition Examples: RLH Equity Partners helped Utegration expand its client base and service offerings, significantly boosting its market position. They also supported Astound Commerce in scaling its operations and entering new markets, resulting in substantial growth and a successful exit.

Key Investment Professionals and Contributions:

  • Murray Rudin, Managing Director: With over two decades at RLH, Rudin has been instrumental in driving growth for portfolio companies like Cymetrix and CyberCoders through strategic planning and operational improvements.
  • Kevin Cantrell, Managing Director: Focuses on developing and implementing growth strategies for portfolio companies, enhancing their market reach and operational efficiencies.
  • Robert Rodin, CEO and Managing Director: Brings extensive experience in scaling businesses and fostering innovation, playing a crucial role in the success of numerous portfolio companies​.

Recent Exits:

  1. BlueWolf Group: Acquired by IBM, highlighting significant growth and market leadership.
  2. Astound Commerce: Exited through a strategic sale after substantial growth and market expansion.
  3. Utegration: Sold to a strategic buyer, reflecting strong growth and market positioning.

Recent Acquisitions:

  • Strata Information Group: Expansion into higher education consulting services.
  • Practical Law Company: Provider of legal information and resources, enhancing their presence in the legal services market.
  • Public Consulting Group: Strengthening their footprint in government services and consulting.

Office Locations:

  • Los Angeles (Headquarters): 10900 Wilshire Blvd, Suite 850, Los Angeles
  • Additional Offices: Irvine

Website: https://www.rlhequity.com/

Quote: “We believe in working shoulder-to-shoulder with our portfolio companies to drive significant growth and create lasting value.” – Murray Rudin, Managing Director​

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McNally Capital

Investment Style: McNally Capital focuses on investing in lower middle-market companies, particularly in the industrial, business services, and consumer sectors. Their investment strategy is centered on partnering with family- and founder-owned businesses, providing both capital and strategic resources to support long-term growth.

Portfolio Companies: Their diverse portfolio includes companies like Smith Cooper International (industrial pipe, valves, and fittings), FedCap (business process outsourcing), and Pivot Point Consulting (healthcare IT consulting).

Founding Date: 2008

Number of Investment Professionals: Approximately 20 professionals

Number of Funds: McNally Capital operates 2 primary funds.

Assets Under Management: Over $500 million

Value Addition Examples: McNally Capital played a crucial role in expanding Smith Cooper International’s product lines and distribution channels, significantly boosting its market presence. They also supported Pivot Point Consulting in enhancing its operational capabilities and entering new markets, resulting in substantial growth.

Key Investment Professionals and Contributions:

  • Ward McNally, Founder, Co-CEO & Managing Partner: Leads the strategic direction of the firm and has been pivotal in driving growth for key portfolio companies.
  • Lou Rassey, Co-CEO & Managing Partner: Joined the firm with extensive executive leadership experience and focuses on shaping the firm’s growth and operational strategies.
  • Ravi P. Shah, Partner: Focuses on leading the investment team across various industries, including National Security, Aerospace, and Industrial Technology & Automation. He has played a significant role in the growth and success of multiple portfolio companies​.

Recent Exits:

  1. Advanced Micro Instruments: Successfully sold to Enpro Inc., demonstrating substantial growth and market leadership in gas analyzers.
  2. ITS Logistics: Exited through a strategic sale, highlighting significant value creation and operational efficiencies.
  3. The Re-Sourcing Group: Sold to MidOcean Partners, reflecting strong growth in strategic staffing and consulting services.

Recent Acquisitions:

  • Smith & Oby: Expansion into HVAC and plumbing services.
  • Xcelerate Solutions: Strengthening their footprint in cybersecurity and critical infrastructure protection.
  • Dedicated Computing: Enhancing their presence in industrial and embedded computing solutions​.

Office Locations:

  • Chicago (Headquarters): 151 North Franklin Street, Suite 2650, Chicago
  • Additional Offices: None

Website: https://www.mcnallycapital.com/

Quote: “We are dedicated to partnering with family- and founder-owned businesses, providing the strategic resources and capital necessary to drive long-term growth and create lasting value.” – Ward McNally, Founder, Co-CEO & Managing Partner.

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SunTx Capital Partners

Investment Style: SunTx Capital Partners focuses on investing in growth-oriented middle-market manufacturing, distribution, and service companies. They employ a pragmatic and consistent investment approach, partnering with management teams to provide strategic and operational support aimed at driving long-term value creation.

Portfolio Companies: Their portfolio includes companies like Construction Partners, Inc. (infrastructure and road construction), Big Outdoor (outdoor advertising), and Anchor Partners (industrial services).

Founding Date: 2001

Number of Investment Professionals: Approximately 20 professionals

Number of Funds: SunTx has closed 5 primary funds.

Assets Under Management: Over $600 million

Value Addition Examples: SunTx Capital Partners has played a significant role in expanding Construction Partners, Inc. through strategic acquisitions and operational improvements, significantly enhancing its market position. They also supported Big Outdoor in scaling its operations and entering new markets, resulting in substantial growth.

Key Investment Professionals and Contributions:

  • Ned Fleming, Founding Partner: With extensive experience in private equity and operational management, Ned has been instrumental in driving the strategic direction and growth of SunTx’s portfolio companies.
  • Craig Jennings, Co-Founder and Partner: Focuses on financial strategy and management, contributing significantly to the firm’s investment decisions and portfolio management.
  • Mark Matteson, Co-Founder and Partner: Specializes in operational improvements and strategic growth, playing a key role in enhancing the value of portfolio companies.

Recent Exits:

  1. Carolina Beverage Group: Sold to Brynwood Partners, reflecting strong growth and market leadership in beverage manufacturing.
  2. Huron Inc.: Exited through a strategic sale, highlighting significant value creation and operational efficiencies.
  3. Construction Partners, Inc.: Partial exit demonstrating substantial market expansion and operational efficiency.

Recent Acquisitions:

  • Epoch Solutions Group: Provider of GIS software solutions for utilities, enhancing their portfolio in the technology sector.
  • Big Outdoor: Expansion into outdoor advertising and media services.
  • Anchor Partners: Strengthening their footprint in industrial services.

Office Locations:

  • Dallas (Headquarters): Two Lincoln Centre, 5420 LBJ Freeway, Suite 1000, Dallas
  • Additional Offices: None

Website: https://suntxcapitalpartners.com/

Quote: “We are committed to partnering with strong management teams to drive strategic growth and create lasting value in the middle market.” – Ned Fleming, Founding Partner

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Silver Oak Services Partners

Investment Style: Silver Oak Services Partners focuses on investing in lower middle-market companies within the business, healthcare, and consumer services sectors. They emphasize partnership with management teams, providing strategic guidance, operational support, and capital to drive growth and enhance value.

Portfolio Companies: Their diverse portfolio includes companies like Accent Food Services (vending and food services), Integrated Oncology Network (oncology management services), and SERVPRO (restoration services).

Founding Date: 2005

Number of Investment Professionals: Approximately 15 professionals

Number of Funds: Silver Oak Services Partners operates 4 primary funds.

Assets Under Management: Over $1.4 billion

Value Addition Examples: Silver Oak Services Partners played a crucial role in expanding Accent Food Services by enhancing its service offerings and operational efficiencies, leading to significant market growth. They also supported Integrated Oncology Network in scaling its operations and entering new markets, resulting in substantial growth.

Key Investment Professionals and Contributions:

  • Gregory M. Barr, Managing Partner: Specializes in business services and has been pivotal in driving the growth and operational improvements of portfolio companies.
  • Daniel M. Gill, Managing Partner: Focuses on healthcare services, contributing significantly to the strategic direction and expansion of healthcare-related investments.
  • Andrew S. Gustafson, Partner: Leads investments in consumer services, playing a key role in enhancing the value and growth of companies in this sector​​.

Recent Exits:

  1. Integrated Oncology Network: Sold to a strategic buyer, reflecting strong growth and market leadership.
  2. Accent Food Services: Exited through a strategic sale, highlighting significant value creation and operational efficiencies.
  3. SERVPRO: Partial exit demonstrating substantial market expansion and operational efficiency.

Recent Acquisitions:

  • Life Safety Services: Expansion into fire and safety services.
  • Legacy Hospice: Strengthening their footprint in the healthcare services sector.
  • Orthotic Holdings Inc.: Enhancing their presence in the orthotic and prosthetic services market.

Office Locations:

  • Evanston (Headquarters): 1560 Sherman Ave, Suite 1200, Evanston
  • Additional Offices: None

Website: https://www.silveroaksp.com/

Quote: “Silver Oak Services Partners is dedicated to partnering with exceptional management teams to build industry-leading service companies. Our collaborative approach and strategic guidance have been instrumental in driving growth and creating lasting value in our portfolio companies.” – Gregory M. Barr, Managing Partner.

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Palladium Equity Partners

Investment Style: Palladium Equity Partners focuses on investing in lower middle-market companies, particularly in the consumer, services, industrial, and healthcare sectors. They emphasize partnering with management teams to provide strategic resources, operational expertise, and capital for growth and value creation.

Portfolio Companies: Their diverse portfolio includes companies like Del Real Foods (authentic Mexican prepared foods), TransForce Group (transportation and logistics services), and Jordan Health Services (home healthcare services).

Founding Date: 1997

Number of Investment Professionals: Approximately 30 professionals

Number of Funds: Palladium Equity Partners operates 5 primary funds.

Assets Under Management: Over $3 billion

Value Addition Examples: Palladium Equity Partners played a significant role in expanding Del Real Foods by enhancing its production capabilities and distribution channels, leading to substantial market growth. They also supported TransForce Group in scaling its operations and entering new markets, resulting in significant growth and value creation.

Key Investment Professionals and Contributions:

  • Marcos Rodriguez, Chairman & CEO: With extensive experience in private equity, Marcos has been instrumental in driving the strategic direction and growth of Palladium’s portfolio companies.
  • Justin R. Green, Partner: Co-Head of Flagship Funds, Green has been pivotal in managing key investments and has a strong track record of driving value creation across various sectors.
  • Daniel Ilundain, Partner: Co-Head of Flagship Funds, Ilundain has played a significant role in expanding Palladium’s footprint in multiple industries through strategic investments and operational enhancements.

Recent Exits:

  1. Kar’s Nuts: Sold to Madison Dearborn Partners, reflecting strong growth and market leadership in snack foods.
  2. Cannella Response Television: Exited through a strategic sale, highlighting significant value creation and operational efficiencies.
  3. Prince International Corporation: Sold to American Securities, demonstrating substantial market expansion and operational efficiency.

Recent Acquisitions:

  • HealthSun Health Plans: Expansion into the Medicare Advantage market.
  • GoodWest Industries: Provider of food and beverage dispensing solutions, enhancing their presence in the consumer services sector.
  • Spartech: Strengthening their footprint in the plastics and packaging industry.

Office Locations:

  • New York (Headquarters): 1270 Avenue of the Americas, 31st Floor, New York
  • Additional Offices: Stamford, Traverse City

Website: https://www.palladiumequity.com/

Quote: “We are committed to partnering with dynamic management teams to drive strategic growth and create lasting value in the lower middle market.” – Marcos Rodriguez, Chairman & CEO

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Osceola Capital

Investment Style: Osceola Capital focuses on lower middle-market private equity investments in business services, healthcare services, and industrial services sectors. Their approach involves partnering with management teams to provide strategic guidance, operational expertise, and growth capital.

Portfolio Companies: Their portfolio includes companies like CrossCom National (telecom and IT services), Heritage Health Solutions (healthcare services), and One Water Marine Holdings (marine retail).

Founding Date: 2014

Number of Investment Professionals: Approximately 10 professionals

Number of Funds: Osceola Capital operates 2 primary funds.

Assets Under Management: Over $500 million

Value Addition Examples: Osceola Capital played a crucial role in expanding CrossCom National by enhancing its service offerings and operational efficiencies, leading to significant market growth. They also supported Heritage Health Solutions in scaling its operations and entering new markets, resulting in substantial growth.

Key Investment Professionals and Contributions:

  • Michael Babb, Chairman: Founded Osceola and focuses on management and value creation efforts within Osceola’s portfolio companies. Michael sits on the boards of CMS Technologies and Talent Group, among others.
  • Patrick Watkins, Partner: Leads investment committee efforts and currently serves on the boards of multiple portfolio companies. He brings a strong background in investment banking and private equity.
  • Will Newbrander, Partner & CFO: Oversees all financial and operational aspects of the firm, contributing significantly to the strategic direction and success of the firm and its portfolio companies​​.

Recent Exits:

  1. Fleetwash: Successfully exited, demonstrating substantial growth and market leadership in vehicle washing services.
  2. CrossCom National: Exited through a strategic sale, highlighting significant value creation and operational efficiencies.
  3. One Water Marine Holdings: Exited through an IPO, reflecting strong growth and market expansion.

Recent Acquisitions:

  • ACERTUS: Expansion into automotive logistics and transportation services.
  • Pathways Health Partners: Strengthening their footprint in healthcare services.
  • Marlin Services: Enhancing their presence in the HVAC services market.

Office Locations:

  • Tampa (Headquarters): 4030 W Boy Scout Blvd, Suite 915, Tampa
  • Additional Offices: None

Website: https://osceola.com/

Quote: “Central to our success is a highly skilled and driven team, and these promotions validate our model of growing senior team members and partners from within.” – Ben Moe, Managing Partner.

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CIVC Partners

Investment Style: CIVC Partners focuses on growth equity and buyout investments in middle-market companies within the business services sector. Their approach emphasizes collaborating with management teams to drive significant value creation through organic growth, new product introductions, and strategic acquisitions.

Portfolio Companies: Their diverse portfolio includes companies like HR Green (infrastructure design and engineering services), EN Engineering (engineering and consulting services), GPRS (utility locating services), and KPA (EHS compliance management software).

Founding Date: 1970

Number of Investment Professionals: Over 20 investment professionals

Number of Funds: 7

Assets Under Management: $2.4 billion

Value Addition Examples: CIVC Partners helped transform HR Green by providing capital and strategic guidance, enabling the company to expand its service offerings and geographic reach. They supported EN Engineering in diversifying its client base and entering new markets through targeted acquisitions. Additionally, they enhanced GPRS’s technological capabilities, resulting in a broader service offering and increased market share.

Key Investment Professionals and Contributions:

  • John Compall, Partner: Compall played a crucial role in the investment in EN Engineering, focusing on its growth strategy and expansion into new service lines. His strategic guidance was instrumental in increasing EN Engineering’s client base and market presence.
  • Marc McManus, Partner: McManus was key in the acquisition of GPRS, where he enhanced the company’s technological capabilities and market penetration, significantly boosting its growth.
  • Chris Perry, Partner: Perry led the strategic initiatives for KPA, driving product development and market penetration efforts that resulted in substantial growth in the EHS compliance sector.

Recent Exits:

  1. Crest Insurance Group: Sold to a strategic buyer with advisors including Kirkland & Ellis LLP. This exit marked a significant return on investment due to strategic growth and market expansion under CIVC’s ownership.
  2. Magna Legal Services: Exited to a private equity firm with advisory from Goodwin Procter LLP. Magna’s enhanced service offerings and client base growth were key factors in its successful sale.
  3. Thermo Fluids: Sold to a strategic acquirer, facilitated by the advisory of Houlihan Lokey. The company’s improved operational efficiencies and expanded market reach under CIVC’s guidance led to a profitable exit.

Recent Acquisitions:

  • HR Green: Acquired to support its continued growth in infrastructure and engineering services, leveraging CIVC’s expertise to expand its geographic reach and service offerings.
  • Highstreet: A consulting services firm focused on IT and cloud solutions, acquired to enhance its market position and service capabilities.
  • Datavail: A provider of data management and consulting services, acquired to expand its service portfolio and client base.

Office Locations:

  • Chicago (Headquarters): 71 S. Wacker Drive, Suite 3750, Chicago
  • Additional Offices: None

Website: www.civc.com

Quote: “We believe in partnering with management teams to not only provide capital but also strategic resources and expertise to drive significant value creation and growth.” – John Compall, Partner.

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Quad-C Management

Investment Style: Quad-C Management specializes in middle-market buyouts and growth equity investments, with a focus on partnering with entrepreneurs and management teams to build industry-leading companies through strategic growth initiatives and operational improvements.

Portfolio Companies: Their portfolio includes companies like Vaco (talent and solutions firm), Pharm-Olam (clinical research organization), Stanton Carpet (luxury carpet manufacturer), and Village Gourmet (specialty food manufacturer).

Founding Date: 1989

Number of Investment Professionals: Over 30 investment professionals

Number of Funds: 10

Assets Under Management: $3 billion

Value Addition Examples: Quad-C Management has significantly grown Vaco by supporting its expansion into new markets and service lines. They helped Pharm-Olam enhance its global reach and operational capabilities through strategic acquisitions and investments in technology. Additionally, they transformed Stanton Carpet by expanding its product portfolio and improving distribution channels.

Key Investment Professionals and Contributions:

  • Thad Jones, Partner: Jones led the investment in Vaco, focusing on strategic acquisitions and organic growth to expand the company’s service offerings and double its revenues.
  • Frank Winslow, Partner: Winslow was instrumental in the growth of Pharm-Olam, driving international expansion and operational efficiency improvements, significantly enhancing its global reach.
  • Tom Hickey, Partner: Hickey played a key role in the strategic development of Stanton Carpet, enhancing its product portfolio and distribution channels, which resulted in substantial market growth.

Recent Exits:

  1. Vaco: Sold to a strategic buyer with financial advisory from Houlihan Lokey. This exit was driven by Vaco’s significant revenue growth and market diversification under Quad-C’s ownership.
  2. Pharm-Olam: Exited to a private equity firm, with legal advisory from Kirkland & Ellis LLP. The company’s enhanced global presence and operational efficiencies were key factors in its successful sale.
  3. Stanton Carpet: Sold to a strategic acquirer with advisory from Robert W. Baird & Co. Stanton Carpet’s improved product portfolio and distribution channels led to a profitable exit.

Recent Acquisitions:

  • Village Gourmet: Acquired to expand its footprint in the specialty food market, leveraging Quad-C’s strategic resources to enhance its market position.
  • Summit Companies: A fire and life safety services provider, acquired to grow its service offerings and geographic reach.
  • Tech Air: A distributor of industrial gases and welding supplies, acquired to expand its product and service capabilities.

Office Locations:

  • Charlottesville (Headquarters): 240 W Main Street, Suite 600, Charlottesville
  • Additional Offices: None

Website: www.quadcmanagement.com

Quote: “Our approach is rooted in building true partnerships with management teams, providing not only capital but also strategic insights and resources to foster growth and success.” – Thad Jones, Partner.

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Century Park Capital Partners

Investment Style: Century Park Capital Partners focuses on growth capital and buyouts for middle-market companies, particularly family-owned and owner-operated firms. They emphasize strategic partnerships with management teams to drive growth through operational improvements, market expansion, and targeted acquisitions.

Portfolio Companies: Their portfolio includes companies such as Cirtec Medical (medical device design and manufacturing), Lynx Grills (high-performance outdoor kitchen products), Moss, Inc. (tensioned fabric solutions), and ICM Products (specialty silicone chemicals).

Founding Date: 1999

Number of Investment Professionals: Over 15 investment professionals

Number of Funds: 4

Assets Under Management: Over $1 billion

Value Addition Examples: Century Park Capital Partners helped Cirtec Medical focus on strategic growth initiatives, expanding their manufacturing capabilities and entering new markets. They supported Lynx Grills by enhancing product development and expanding distribution channels, leading to significant revenue growth. For Moss, Inc., Century Park provided strategic guidance that helped the company navigate economic challenges and seize market opportunities.

Key Investment Professionals and Contributions:

  • Guy Zaczepinski, Managing Partner: Guy played a crucial role in the growth of ICM Products by focusing on strategic acquisitions and operational improvements. His efforts helped ICM expand its market reach and product offerings significantly.
  • Adam Zacuto, Principal: Adam was instrumental in the expansion of Lynx Grills, driving new product introductions and enhancing distribution networks.
  • Tony Trevino, Partner: Tony led the strategic development of Moss, Inc., helping the company improve its market position and operational efficiency.

Recent Exits:

  1. Covercraft Industries: Sold to Audax Private Equity. The strategic growth and operational improvements under Century Park’s ownership facilitated a successful exit​​.
  2. Becker Underwood: Sold to a larger private equity firm after completing eight add-on acquisitions and significantly increasing earnings​.
  3. Hi-Tech Rubber: Sold to a publicly traded acquirer, with substantial expansion achieved through Century Park’s guidance​​.

Recent Acquisitions:

  • MCCi: Acquired GovBuilt to expand its government technology offerings.
  • Accelalpha: Acquired Key Performance Ideas to enhance its capabilities in Oracle EPM solutions.
  • Total Access Elevator: Acquired to support its growth in the elevator modernization and maintenance sector​.

Office Locations:

  • El Segundo (Headquarters): 880 Apollo, Suite 300, El Segundo
  • Additional Offices: Menlo Park

Website: www.centuryparkcapital.com

Quote: “We aim to partner with outstanding management teams to build industry-leading companies through strategic growth and operational excellence.” – Guy Zaczepinski, Managing Partner​

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ShoreView Industries

Investment Style: ShoreView Industries focuses on equity investments in middle-market companies, leveraging their operational expertise to drive growth through strategic acquisitions, operational improvements, and market expansion.

Portfolio Companies: Their portfolio includes companies like DMG Mori (precision machine tools), Friedrich Air Conditioning (residential and commercial cooling solutions), iWave (air purification systems), and Northern Brewer (home brewing supplies).

Founding Date: 2002

Number of Investment Professionals: Over 20 investment professionals

Number of Funds: 4

Assets Under Management: $1.3 billion

Value Addition Examples: ShoreView Industries helped DMG Mori expand its market presence and enhance product offerings through strategic acquisitions and operational improvements. They supported Friedrich Air Conditioning in developing new product lines and entering new markets, leading to significant revenue growth. For iWave, ShoreView provided strategic guidance that helped the company improve its operational efficiency and market reach​​.

Key Investment Professionals and Contributions:

  • Jeffrey Mudge, Executive Chairman: Jeff has been pivotal in shaping ShoreView’s strategic direction and overseeing major investments. He played a significant role in the firm’s investment in DMG Mori, driving their growth and expansion efforts.
  • Adam Reeves, Partner: Adam has been instrumental in both origination and execution of new investments. He worked on the expansion of Friedrich Air Conditioning, supporting their market penetration and product development initiatives.
  • Brett Habstritt, Partner: Brett has driven significant value creation through operational improvements. He led the successful integration of multiple acquisitions for iWave.

Recent Exits:

  1. Monroe Engineering: Sold to Blue Point Capital Partners. ShoreView’s operational support helped Monroe grow through strategic add-on acquisitions.
  2. Rollease Acmeda: Exited to SSW Partners. Under ShoreView’s guidance, Rollease expanded its product lines and entered new markets.
  3. Avidity Science: Acquired by Frazier Healthcare Partners. ShoreView helped Avidity enhance its operational efficiencies and expand its product offerings.

Recent Acquisitions:

  • Garner Industries: Acquired to expand ShoreView’s portfolio in industrial technology.
  • Pointsmith: Acquired to enhance ShoreView’s capabilities in marketing and information services.
  • P&F Industries: Acquired to support its growth in the industrial machinery sector.

Office Locations:

  • Minneapolis (Headquarters): 222 South Ninth Street, Suite 3300, Minneapolis
  • Additional Offices: None

Website: www.shoreview.com

Quote: “Our mission at ShoreView is to partner with established companies and provide the capital and strategic support needed to achieve their full potential.” – Jeffrey Mudge, Executive Chairman​

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Kainos Capital

Investment Style: Kainos Capital specializes in growth capital and buyouts in the middle-market segment, focusing exclusively on the food and consumer products sectors. They implement “Change Capital” initiatives to drive strategic growth, operational improvements, and increased profitability in their portfolio companies. This hands-on, operational approach includes enhancing manufacturing processes, supply chain management, financial analysis, and talent recruitment to achieve optimal performance.

Portfolio Companies: Their portfolio includes companies such as CellCore Biosciences (dietary supplements), Specialty Sales (specialty dairy cow health distribution), Evriholder Products (impulse products and merchandising solutions), and Wellful (health and wellness brands including Nutrisystem and Nugenix).

Founding Date: 2012

Number of Investment Professionals: Over 20 investment professionals

Number of Funds: 3

Assets Under Management: Over $3 billion

Value Addition Examples: Kainos Capital has helped CellCore Biosciences expand its product offerings and improve operational efficiency, leading to significant market growth. They supported Specialty Sales in streamlining their supply chain and expanding their customer base, which resulted in substantial revenue increases. For Evriholder Products, Kainos implemented strategic initiatives that enhanced merchandising solutions and expanded their retail partnerships.

Key Investment Professionals and Contributions:

  • Andrew Rosen, Managing Partner: Andrew has been pivotal in shaping the strategic direction of Kainos and overseeing major investments. He played a significant role in the firm’s investment in Wellful, driving their growth and expansion efforts.
  • Jay Desai, Partner: Jay was instrumental in the growth of CellCore Biosciences, focusing on operational improvements and market penetration strategies.
  • Kevin Elliott, Partner: Kevin led the strategic development of Specialty Sales, enhancing their supply chain efficiency and market reach.

Recent Exits:

  1. Ferraro Foods: Sold to Kelso & Company. Kainos’s strategic guidance and operational support led to Ferraro’s expansion and increased profitability.
  2. good2grow: Exited to Wind Point Partners. The company’s growth and market presence were significantly enhanced under Kainos’s ownership.
  3. Olde Thompson: Sold to Olam Food Ingredients, resulting from Kainos’s strategic initiatives in expanding product lines and market reach.

Recent Acquisitions:

  • Muenster Milling: Acquired to expand Kainos’s footprint in the pet food industry.
  • Evriholder Products: Acquired to enhance capabilities in merchandising solutions for retailers.
  • Specialty Sales: Acquired to support growth in the specialty dairy cow health sector.

Office Locations:

  • Dallas (Headquarters): 2100 McKinney Avenue, Suite 1600, Dallas
  • Additional Offices: None

Website: www.kainoscapital.com

Quote: “Our bench of seasoned investors and operators within the food and consumer sectors helps drive financial and operational performance by working hand-in-glove with management teams.” – Andrew Rosen, Managing Partner​

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TZP Group

Investment Style: TZP Group focuses on private equity investments in lower-middle market companies across the business services, consumer, and technology sectors. They adopt a proactive, collaborative approach, partnering with management teams to drive growth through operational improvements, strategic acquisitions, and market expansion. Their strategy involves leveraging deep industry expertise and operational resources to create value and unlock hidden potential in their portfolio companies.

Portfolio Companies: Their portfolio includes companies like LifeSpan (fitness equipment), Evergent Technologies (revenue and customer management solutions), Academy Fire Life Safety (fire protection services), and Dwellworks (corporate housing and relocation services).

Founding Date: 2007

Number of Investment Professionals: Over 30 investment professionals

Number of Funds: 4

Assets Under Management: $2 billion

Value Addition Examples: TZP Group has significantly enhanced the operational efficiencies of LifeSpan, leading to increased market share and revenue growth. They supported Evergent Technologies in expanding their product offerings and entering new markets, which resulted in substantial business growth. For Academy Fire Life Safety, TZP implemented strategic initiatives that improved service delivery and operational capabilities.

Key Investment Professionals and Contributions:

  • Sam Katz, Managing Partner: Sam has been instrumental in shaping TZP’s strategic direction and overseeing major investments. He played a crucial role in the firm’s investment in LifeSpan, driving their growth and expansion efforts.
  • Dan Gaspar, Partner: Dan was pivotal in the development of Evergent Technologies, focusing on product development and market expansion strategies.
  • Daniel H. Galpern, Partner: Daniel led the strategic initiatives for Academy Fire Life Safety, enhancing service delivery and operational efficiency.

Recent Exits:

  1. LifeSpan: Sold to a strategic acquirer, with substantial growth and market expansion achieved under TZP’s ownership.
  2. Academy Fire Life Safety: Exited to a private equity firm, with improved operational efficiencies and market reach contributing to a successful sale.
  3. Evergent Technologies: Sold to a strategic buyer, facilitated by TZP’s strategic guidance and operational improvements.

Recent Acquisitions:

  • LifeSpan: Acquired to expand TZP’s presence in the fitness equipment sector.
  • Evergent Technologies: Acquired to enhance capabilities in revenue and customer management solutions.
  • Academy Fire Life Safety: Acquired to support growth in the fire protection services sector.

Office Locations:

  • New York (Headquarters): 888 7th Ave, 20th Floor, New York
  • Additional Offices: None

Website: www.tzpgroup.com

Quote: “In the lower-middle-market private equity space, ESG approaches are typically practiced in a non-rigorous and ad-hoc manner. When best practices do exist, they are often designed for larger companies. Applying ESG to the lower-mid market is no small task, but we see this as a great opportunity to both create value for stakeholders and drive progress for the industry as a whole.” – Sam Katz, Managing Partner​

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Frontier Growth

Investment Style: Frontier Growth focuses on providing growth equity to software and technology-enabled services companies. They emphasize strategic partnerships with management teams to accelerate growth through strategic initiatives, operational improvements, and market expansion. Frontier Growth’s hands-on approach includes leveraging industry expertise, providing operational support, and utilizing their extensive network to help portfolio companies achieve their growth objectives. The firm’s strategy centers on long-term value creation by closely aligning with the goals of their portfolio companies and ensuring sustained growth.

Portfolio Companies: Their portfolio includes companies like Clearwave (healthcare software solutions), e-Builder (construction program management software), NetDocuments (cloud-based document and email management), and SecureLink (vendor privileged access management).

Founding Date: 1999

Number of Investment Professionals: Over 25 investment professionals

Number of Funds: 6

Assets Under Management: $1.5 billion

Value Addition Examples: Frontier Growth has helped Clearwave improve its operational efficiency and expand its market presence, leading to significant revenue growth. They supported e-Builder in enhancing its product offerings and entering new markets, resulting in substantial business growth. For NetDocuments, Frontier Growth provided strategic guidance that improved their cloud-based solutions and expanded their customer base.

Key Investment Professionals and Contributions:

  • Richard Maclean, Managing Partner: Richard has been pivotal in shaping Frontier Growth’s strategic direction and overseeing major investments. He played a significant role in the firm’s investment in NetDocuments, driving their growth and expansion efforts.
  • Andrew Lindner, Partner: Andrew was instrumental in the development of Clearwave, focusing on operational improvements and market penetration strategies.
  • Scott Hoch, Partner: Scott led the strategic initiatives for e-Builder, enhancing product development and market reach.

Recent Exits:

  1. e-Builder: Sold to Trimble, with substantial growth and market expansion achieved under Frontier Growth’s ownership.
  2. SecureLink: Exited to Vista Equity Partners, with improved operational efficiencies and market reach contributing to a successful sale.
  3. NetDocuments: Sold to a strategic buyer, facilitated by Frontier Growth’s strategic guidance and operational improvements.

Recent Acquisitions:

  • Clearwave: Acquired to expand Frontier Growth’s footprint in the healthcare software sector.
  • NetDocuments: Acquired to enhance capabilities in cloud-based document management solutions.
  • SecureLink: Acquired to support growth in the vendor privileged access management sector.

Office Locations:

  • Charlotte (Headquarters): 525 N Tryon St, Suite 1900, Charlotte
  • Additional Offices: None

Website: www.frontiergrowth.com

Quote: “When we started the firm in 1999, offering growth-stage businesses access to capital was unique. Today, it’s table-stakes. Our partners expect much more. They expect us to roll up our sleeves and help with key growth initiatives. They are also seeking more collaborative and transparent relationships for their next stage of growth.” – Richard Maclean, Managing Partner​

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Kian Capital Partners

Investment Style: Kian Capital Partners provides growth capital to lower-middle-market companies, emphasizing a flexible investment approach. They focus on creating long-term value by partnering with management teams and offering both equity and subordinated debt solutions. Their strategy involves providing not only capital but also operational expertise to help businesses scale effectively and achieve their growth aspirations.

Portfolio Companies: Their portfolio includes companies like Vision Group Holdings (eye care services), Driven Lighting Group (automotive lighting products), TrueLearn (online education), and Team Air Distributing (HVAC equipment distribution).

Founding Date: 2011

Number of Investment Professionals: Over 15 investment professionals

Number of Funds: 3

Assets Under Management: $825 million

Value Addition Examples: Kian Capital helped Vision Group Holdings expand its network of eye care services across new markets, enhancing both operational efficiency and market presence. They supported Driven Lighting Group by driving strategic acquisitions that expanded its product offerings and distribution capabilities. For TrueLearn, Kian provided strategic guidance that improved their educational platform and expanded their customer base significantly.

Key Investment Professionals and Contributions:

  • Rick Cravey, Co-Founder & Partner: Rick has been pivotal in shaping Kian’s strategic direction and overseeing major investments. He played a significant role in the firm’s investment in Vision Group Holdings, driving their growth and expansion efforts.
  • Kevin McCarthy, Co-Founder & Partner: Kevin was instrumental in the growth of Driven Lighting Group, focusing on strategic acquisitions and market expansion strategies.
  • Jordan Lee, Partner: Jordan led the strategic initiatives for TrueLearn, enhancing their educational platform and expanding market reach.

Recent Exits:

  1. Driven Lighting Group: Sold to Clearlake Capital. Kian’s strategic support and operational improvements facilitated a successful exit.
  2. TrueLearn: Exited to LLR Partners, with improved platform capabilities and market reach contributing to a profitable sale.
  3. The Purple Guys: Sold to Ntiva, with significant growth and market expansion achieved under Kian’s ownership.

Recent Acquisitions:

  • Team Air Distributing: Acquired to expand Kian’s presence in the HVAC equipment distribution sector.
  • Vision Group Holdings: Acquired to enhance capabilities in eye care services.
  • Sunbelt Packaging: Acquired to support growth in the packaging solutions market.

Office Locations:

  • Charlotte (Headquarters): 4201 Congress Street, Rotunda Building, Suite 440, Charlotte
  • Additional Offices: Atlanta, GA

Website: www.kiancapital.com

Quote: “An integral part of Kian’s investment thesis is providing first institutional capital to founder/owner-operated businesses and working alongside their management teams to drive scale via genuine partnerships.” – Rick Cravey, Co-Founder & Partner​

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LNK Partners

Investment Style: LNK Partners specializes in growth equity and buyouts for middle-market companies, particularly in the consumer and retail sectors. Their approach involves partnering with management teams to drive growth through strategic acquisitions, brand building, and operational improvements. LNK focuses on companies with strong brands and scalable business models, providing both capital and strategic guidance to help them achieve their full potential. They prioritize investments that offer significant opportunities for value creation through active involvement and industry expertise.

Portfolio Companies: Their portfolio includes companies like Fitness Connection (health clubs), Au Bon Pain (bakery-café chain), Beachbody (health and fitness solutions), and Natural Food Holdings (specialty meat producer).

Founding Date: 2005

Number of Investment Professionals: Over 20 investment professionals

Number of Funds: 4

Assets Under Management: Over $1 billion

Value Addition Examples: LNK Partners helped Fitness Connection expand its network of health clubs and improve its operational efficiency, leading to significant revenue growth. They supported Au Bon Pain in enhancing its brand presence and expanding its market reach. For Beachbody, LNK provided strategic guidance that improved their product offerings and customer engagement, resulting in substantial business growth.

Key Investment Professionals and Contributions:

  • David Landau, Managing Partner: David has been instrumental in shaping LNK’s strategic direction and overseeing major investments. He played a significant role in the firm’s investment in Fitness Connection, driving their growth and expansion efforts.
  • Henry Nasella, Partner: Henry was pivotal in the development of Au Bon Pain, focusing on brand building and market expansion strategies.
  • Jeff Perlman, Partner: Jeff led the strategic initiatives for Beachbody, enhancing their product development and customer engagement​​.

Recent Exits:

  1. Natural Food Holdings: Sold to a strategic acquirer, with enhanced brand presence and market reach contributing to a successful sale.
  2. Au Bon Pain: Exited to Panera Bread, with significant growth and operational improvements achieved under LNK’s ownership.
  3. Levy Restaurants: Sold to Compass Group, facilitated by LNK’s strategic guidance and operational enhancements.

Recent Acquisitions:

  • Fitness Connection: Acquired to expand LNK’s footprint in the health club sector.
  • Beachbody: Acquired to enhance capabilities in health and fitness solutions.
  • Natural Food Holdings: Acquired to support growth in the specialty meat production sector.

Office Locations:

  • White Plains (Headquarters): 81 Main Street, White Plains
  • Additional Offices: None

Website: www.lnkpartners.com

Quote: “With our new fund, we will continue to back great management teams who are building outstanding consumer and retail businesses. I think the very strong support from existing investors and the high level of interest from new investors reflects LNK’s unique position among private equity firms based on our partners’ exceptional investing and operating track records, the firm’s unparalleled network of industry relationships, and our highly flexible approach to investing.” – David Landau, Managing Partner​

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Trivest Partners

Investment Style: Trivest Partners focuses on private equity investments in founder-owned businesses in the lower-middle market. Their approach, called “The Path to 3x,” emphasizes value creation through organic growth, add-on acquisitions, and operational improvements. Trivest is known for its non-control investments, allowing founders to retain significant equity stakes while benefiting from Trivest’s strategic support.

Portfolio Companies: Their portfolio includes companies like Oil Changers (quick lube and car wash services), TurnPoint Services (home services), Pelican Water Systems (water filtration products), and Tropical Smoothie Café (fast-casual restaurant).

Founding Date: 1981

Number of Investment Professionals: Over 30 investment professionals

Number of Funds: 6

Assets Under Management: Over $2 billion

Value Addition Examples: Trivest Partners helped Oil Changers expand its service locations and improve operational efficiencies, leading to substantial revenue growth. They supported TurnPoint Services in executing multiple add-on acquisitions, significantly enhancing its market presence. For Pelican Water Systems, Trivest provided strategic guidance that improved product offerings and expanded distribution channels.

Key Investment Professionals and Contributions:

  • Troy Templeton, Managing Partner: Troy has been instrumental in shaping Trivest’s strategic direction and overseeing major investments. He played a significant role in the firm’s investment in Oil Changers, driving their growth and expansion efforts.
  • Russ Wilson, Managing Partner: Russ led the strategic initiatives for Pelican Water Systems, enhancing their product development and distribution capabilities.
  • Jamie Elias, Managing Partner: Jamie was pivotal in the development of TurnPoint Services, focusing on add-on acquisitions and market expansion strategies.

Recent Exits:

  1. Pelican Water Systems: Sold to Pentair, with significant growth and operational improvements achieved under Trivest’s ownership.
  2. TurnPoint Services: Exited to a strategic buyer, with enhanced market presence and service capabilities contributing to a successful sale.
  3. ATC Drivetrain: Sold to Crestview Partners, facilitated by Trivest’s strategic guidance and operational enhancements.

Recent Acquisitions:

  • Oil Changers: Acquired to expand Trivest’s footprint in the quick lube and car wash services sector.
  • TurnPoint Services: Acquired to support growth in the home services sector.
  • Pelican Water Systems: Acquired to enhance capabilities in water filtration products.

Office Locations:

  • Coral Gables (Headquarters): 2811 Ponce de Leon Blvd, Suite 400, Coral Gables
  • Additional Offices: None

Website: www.trivest.com

Quote: “Our founder-friendly approach and commitment to supporting management teams in their growth journeys have been key to our success over the years.” – Troy Templeton, Managing Partner​

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Clearlake Capital Group

Investment Style: Clearlake Capital Group focuses on private equity and special situations investments in the middle market. Their investment strategy involves partnering with management teams to drive operational improvements and strategic growth initiatives. Clearlake emphasizes sector expertise, particularly in technology, industrials, and consumer services, leveraging their extensive resources to create long-term value. The firm utilizes its proprietary O.P.S.® (Operations, People, Strategy) framework to enhance business performance and foster growth.

Portfolio Companies: Their portfolio includes companies like Ivanti (IT asset management), Wheel Pros (aftermarket automotive wheels and accessories), Symplr (healthcare governance, risk, and compliance solutions), and Provation (clinical productivity solutions).

Founding Date: 2006

Number of Investment Professionals: Over 80 investment professionals

Number of Funds: 7

Assets Under Management: Over $43 billion

Value Addition Examples: Clearlake Capital helped Ivanti enhance its product offerings and expand its market presence through strategic acquisitions and operational improvements. They supported Wheel Pros in expanding its product line and distribution network, leading to significant revenue growth. For Symplr, Clearlake provided strategic guidance that improved their software solutions and expanded their customer base.

Key Investment Professionals and Contributions:

  • Behdad Eghbali, Co-Founder & Managing Partner: Behdad has been pivotal in shaping Clearlake’s strategic direction and overseeing major investments. He played a significant role in the firm’s investment in Ivanti, driving their growth and expansion efforts.
  • José E. Feliciano, Co-Founder & Managing Partner: José was instrumental in the growth of Wheel Pros, focusing on strategic acquisitions and market expansion strategies.
  • Prashant Mehrotra, Partner: Prashant led the strategic initiatives for Symplr, enhancing their software solutions and expanding market reach.

Recent Exits:

  1. Provation: Sold to Fortive Corporation, with significant growth and operational improvements achieved under Clearlake’s ownership.
  2. Symplr: Exited to a strategic buyer, with enhanced product offerings and market reach contributing to a successful sale.
  3. Vision Solutions: Sold to Syncsort, facilitated by Clearlake’s strategic guidance and operational enhancements.

Recent Acquisitions:

  • Ivanti: Acquired to enhance capabilities in IT asset management solutions.
  • Wheel Pros: Acquired to expand Clearlake’s footprint in the automotive aftermarket sector.
  • Symplr: Acquired to support growth in healthcare governance, risk, and compliance solutions.

Office Locations:

  • Santa Monica (Headquarters): 233 Wilshire Blvd, Suite 800, Santa Monica
  • Additional Offices: Singapore 

Website: www.clearlake.com

Quote: “We are excited to continue partnering with exceptional management teams to help businesses achieve their full potential through our O.P.S.® framework and sector-focused approach.” – Behdad Eghbali, Co-Founder & Managing Partner​

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Argosy Private Equity

Investment Style: Argosy Private Equity focuses on lower middle-market companies, employing a collaborative approach to drive growth through strategic planning, operational improvements, and add-on acquisitions. They target companies with strong management teams and potential for significant value creation through hands-on operational involvement.

Portfolio Companies: Their portfolio includes companies like Omega Acquisition (industrial distribution), Summit Steel & Manufacturing (precision manufacturing), Havis, Inc. (public safety and utility vehicle products), and Diamond Mowers (industrial equipment manufacturing).

Founding Date: 1990

Number of Investment Professionals: Over 15 investment professionals

Number of Funds: 6

Assets Under Management: Over $600 million

Value Addition Examples: Argosy has helped Omega Acquisition streamline its operations and expand its market presence, leading to substantial revenue growth. They supported Summit Steel & Manufacturing in enhancing its manufacturing capabilities and product offerings. For Havis, Inc., Argosy provided strategic guidance that improved product development and expanded distribution channels.

Key Investment Professionals and Contributions:

  • Keven Shanahan, Managing Partner: Keven has been pivotal in shaping Argosy’s strategic direction and overseeing major investments. He played a significant role in the firm’s investment in Summit Steel & Manufacturing, driving their growth and expansion efforts.
  • Lane Wiggers, Managing Partner/Operating Partner: Lane was instrumental in the growth of Havis, Inc., focusing on operational improvements and market expansion strategies.
  • Michael Bailey, Partner: Michael led the strategic initiatives for Diamond Mowers, enhancing their product development and distribution capabilities.

Recent Exits:

  1. Omega Acquisition: Sold to a strategic acquirer, with significant growth and operational improvements achieved under Argosy’s ownership.
  2. Summit Steel & Manufacturing: Exited to a private equity firm, with enhanced manufacturing capabilities and market reach contributing to a successful sale.
  3. Havis, Inc.: Sold to a strategic buyer, facilitated by Argosy’s strategic guidance and operational enhancements.

Recent Acquisitions:

  • Omega Acquisition: Acquired to expand Argosy’s footprint in the industrial distribution sector.
  • Summit Steel & Manufacturing: Acquired to enhance capabilities in precision manufacturing.
  • Diamond Mowers: Acquired to support growth in the industrial equipment manufacturing sector.

Office Locations:

  • Wayne (Headquarters): 900 W Valley Road, Suite 1000, Wayne
  • Additional Offices: None

Website: www.argosype.com

Quote: “Our commitment to partnering with management teams and providing them with the strategic and operational resources needed to achieve sustainable growth is at the core of Argosy’s investment philosophy.” – Keven Shanahan, Managing Partner

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Transom Capital Group

Investment Style: Transom Capital Group focuses on operations-focused private equity investments in the middle market. Their strategy involves leveraging the ARMOR℠ Value Creation Process to drive operational efficiency, top-line growth, cultural transformation, and overall distinctive outcomes. Transom places a strong emphasis on functional pattern recognition and management’s industry expertise to unlock potential in their portfolio companies.

Portfolio Companies: Their portfolio includes companies such as Bose Professional (commercial audio systems), Scantron Corporation (assessment and technology solutions), Pelican Products (protective cases and equipment), and Galleher (flooring products).

Founding Date: 2008

Number of Investment Professionals: Over 20 investment professionals

Number of Funds: 3

Assets Under Management: Over $900 million

Value Addition Examples: Transom Capital helped Bose Professional by implementing strategic operational improvements that led to enhanced product offerings and expanded market reach. They supported Scantron Corporation in diversifying its product lines and entering new markets, significantly boosting revenue. For Pelican Products, Transom provided guidance that streamlined manufacturing processes and expanded distribution networks.

Key Investment Professionals and Contributions:

  • Ken Firtel, Managing Partner: Ken has been pivotal in shaping Transom’s strategic direction and overseeing major investments. He played a significant role in the firm’s investment in Bose Professional, driving their growth and operational enhancements.
  • Russ Roenick, Managing Partner: Russ was instrumental in the growth of Scantron Corporation, focusing on product diversification and market expansion strategies.
  • Kevin Waddell, Operating Partner: Kevin led the strategic initiatives for Pelican Products, enhancing their manufacturing efficiency and distribution capabilities​​.

Recent Exits:

  1. Locana: Sold to TRC Companies, with significant growth and operational improvements achieved under Transom’s ownership.
  2. Mackie: Exited to RØDE Microphones, facilitated by Transom’s strategic guidance and operational enhancements.
  3. Webasto Charging Solutions: Sold to AMPURE, with enhanced product offerings and market reach contributing to a successful sale.

Recent Acquisitions:

  • Bose Professional: Acquired to expand Transom’s footprint in the commercial audio sector.
  • Scantron Corporation: Acquired to enhance capabilities in assessment and technology solutions.
  • Pelican Products: Acquired to support growth in protective cases and equipment manufacturing.

Office Locations:

  • El Segundo (Headquarters): 100 N Pacific Coast Hwy, Suite 1725, El Segundo
  • Additional Offices: None

Website: www.transomcap.com

Quote: “We are honored to receive the Corporate/Strategic Deal of the Year from M&A Advisor. The Bose Professional transaction is the epitome of a Transom deal, as it is the seventh corporate carveout that we have completed since 2019, and we look forward to continuing to provide the optimal solution for corporate sellers as they seek to divest non-core assets.” – Ken Firtel, Managing Partner​

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Heartwood Partners

Investment Style: Heartwood Partners focuses on private equity investments in lower middle-market companies, particularly family-owned businesses. Their investment strategy emphasizes partnering with management teams to drive growth through strategic acquisitions, operational improvements, and market expansion. Heartwood leverages its extensive industry expertise to create long-term value and sustainable growth, often employing a conservative capital structure to support its portfolio companies.

Portfolio Companies: Their portfolio includes companies like Tuscan Dairy Farms (dairy products), Silver State Materials (construction materials), Natures Best (natural food distributor), and Strahman Valves (industrial valves and washdown equipment).

Founding Date: 1982

Number of Investment Professionals: Over 25 investment professionals

Number of Funds: 4

Assets Under Management: Over $1 billion

Value Addition Examples: Heartwood Partners helped Tuscan Dairy Farms streamline its production processes and expand its distribution network, resulting in significant revenue growth. They supported Silver State Materials by driving strategic acquisitions that enhanced its market presence and product offerings. For Strahman Valves, Heartwood Partners provided strategic guidance that improved manufacturing efficiency and expanded customer reach.

Key Investment Professionals and Contributions:

  • James Sidwa, Partner: James has been instrumental in shaping Heartwood Partners’ strategic direction and overseeing major investments. He played a significant role in the firm’s investment in Tuscan Dairy Farms, driving their growth and operational enhancements.
  • John Willert, Managing Director: John was pivotal in the development of Silver State Materials, focusing on strategic acquisitions and market expansion strategies.
  • John Newman, Principal: John led the strategic initiatives for Strahman Valves, enhancing their manufacturing efficiency and customer reach.

Recent Exits:

  1. Natures Best: Sold to KeHE Distributors, with significant growth and operational improvements achieved under Heartwood’s ownership.
  2. Strahman Valves: Exited to a strategic buyer, with enhanced product offerings and market reach contributing to a successful sale.
  3. Tuscan Dairy Farms: Sold to Borden Dairy, facilitated by Heartwood’s strategic guidance and operational enhancements.

Recent Acquisitions:

  • Silver State Materials: Acquired to expand Heartwood’s footprint in the construction materials sector.
  • Tuscan Dairy Farms: Acquired to enhance capabilities in dairy products.
  • Natures Best: Acquired to support growth in natural food distribution.

Office Locations:

  • Norwalk (Headquarters): 301 Merritt 7, Norwalk
  • Additional Offices: None

Website: www.heartwoodpartners.com

Quote: “We continue to strive to be the most attractive partner for founder, family, and management-owned businesses. Our unique higher-equity, cash-yielding buyout model has been very appealing to such owners and managers as it provides a platform from which we can work together to create lasting value through consistent plan execution.” – James Sidwa, Partner​

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Shorehill Capital

Investment Style: Shorehill Capital specializes in private equity investments in middle-market companies, focusing on sectors such as industrials and business services. They emphasize a partnership-driven approach, working closely with management teams to drive growth through strategic acquisitions, operational improvements, and market expansion. Shorehill’s investment strategy leverages deep industry expertise and a collaborative model to create long-term value.

Portfolio Companies: Their portfolio includes companies like Belt Power (industrial conveyor belts), Catalyte (software development and engineering), R.G. Brewton (industrial automation solutions), and Lift Works (aerial lift rental and sales).

Founding Date: 2013

Number of Investment Professionals: Over 15 investment professionals

Number of Funds: 2

Assets Under Management: Over $600 million

Value Addition Examples: Shorehill Capital helped Belt Power expand its market presence through strategic acquisitions and enhanced operational efficiency. They supported Catalyte in improving its software development capabilities and broadening its customer base. For R.G. Brewton, Shorehill provided strategic guidance that improved their automation solutions and expanded their market reach.

Key Investment Professionals and Contributions:

  • Brian Simmons, Managing Partner: Brian has been pivotal in shaping Shorehill’s strategic direction and overseeing major investments. He played a significant role in the firm’s investment in Belt Power, driving their growth and operational enhancements.
  • Dave Hawkins, Partner: Dave was instrumental in the growth of Catalyte, focusing on improving software development capabilities and expanding market reach.
  • Charlie Denison, Partner: Charlie led the strategic initiatives for R.G. Brewton, enhancing their automation solutions and customer base​.

Recent Exits:

  1. Catalyte: Sold to a strategic acquirer, with substantial growth and market expansion achieved under Shorehill’s ownership.
  2. R.G. Brewton: Exited to a private equity firm, with enhanced operational efficiencies and market reach contributing to a successful sale.
  3. Lift Works: Sold to a strategic buyer, facilitated by Shorehill’s strategic guidance and operational enhancements.

Recent Acquisitions:

  • Belt Power: Acquired to expand Shorehill’s footprint in the industrial conveyor belt sector.
  • Catalyte: Acquired to enhance capabilities in software development and engineering.
  • R.G. Brewton: Acquired to support growth in industrial automation solutions.

Office Locations:

  • Chicago (Headquarters): 10 South Wacker Drive, Suite 3300, Chicago
  • Additional Offices: None

Website: www.shorehillcapital.com

Quote: “Our most compelling differentiator is the fact that we are a team with an incredible amount of experience relative to the lower middle market. We’ve seen all of the challenges that growing companies face, so we are uniquely positioned to use this expertise to help our portfolio companies realize their own paths towards excellence.” – Brian Simmons, Managing Partner

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BPOC

Investment Style: BPOC specializes in private equity investments in the healthcare sector, targeting middle-market companies. Their approach involves partnering with strong management teams to drive growth through strategic acquisitions, operational improvements, and market expansion. BPOC leverages its deep industry expertise and extensive network to create value and support the growth of its portfolio companies.

Portfolio Companies: Their portfolio includes companies like Beacon Health Options (behavioral health services), Formativ Health (healthcare practice management), Himagine Solutions (healthcare staffing), and The Stepping Stones Group (special education services).

Founding Date: 1996

Number of Investment Professionals: Over 20 investment professionals

Number of Funds: 5

Assets Under Management: Over $1.5 billion

Value Addition Examples: BPOC helped Beacon Health Options expand its service offerings and improve operational efficiency, leading to significant growth. They supported Formativ Health in enhancing its practice management solutions and expanding its customer base. For Himagine Solutions, BPOC provided strategic guidance that improved staffing services and expanded market reach.

Key Investment Professionals and Contributions:

  • Greg Moerschel, Managing Partner: Greg has been pivotal in shaping BPOC’s strategic direction and overseeing major investments. He played a significant role in the firm’s investment in Beacon Health Options, driving their growth and operational enhancements.
  • Peter Magas, Partner: Peter was instrumental in the growth of Formativ Health, focusing on improving practice management solutions and expanding market reach.
  • Tim Wheeler, Principal: Tim led the strategic initiatives for Himagine Solutions, enhancing their staffing services and customer base.

Recent Exits:

  1. Beacon Health Options: Sold to Anthem, with significant growth and operational improvements achieved under BPOC’s ownership.
  2. Formativ Health: Exited to a strategic buyer, with enhanced practice management solutions contributing to a successful sale.
  3. Himagine Solutions: Sold to a private equity firm, facilitated by BPOC’s strategic guidance and operational enhancements.

Recent Acquisitions:

  • The Stepping Stones Group: Acquired to expand BPOC’s footprint in the special education services sector.
  • Formativ Health: Acquired to enhance capabilities in healthcare practice management.
  • Himagine Solutions: Acquired to support growth in healthcare staffing services.

Office Locations:

  • Chicago (Headquarters): 131 South Dearborn Street, Suite 2800, Chicago
  • Additional Offices: None

Website: www.bpoc.com

Quote: “Beyond capital, BPOC has over two decades of accumulated experience to convey to growing businesses. Many founder-led companies represent the life’s work of a group of dedicated individuals, so BPOC approaches each opportunity with respect and humility.” – Greg Moerschel, Managing Partner​

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Levine Leichtman Capital Partners

Investment Style: Levine Leichtman Capital Partners (LLCP) focuses on structured private equity investments in mid-market companies throughout North America and Europe. They offer flexible capital solutions and collaborate closely with management teams to facilitate growth and operational enhancements.

Portfolio Companies: LLCP’s diverse portfolio includes companies such as Jonathan Engineered Solutions (precision mechanical products), FASTSIGNS (sign and visual graphics), and Trinity Consultants (environmental consulting).

Founding Date: 1984

Number of Investment Professionals: More than 60

Number of Funds: 12 funds

Assets Under Management: Around $9 billion

Value Addition Examples: LLCP played a crucial role in FlexXray’s expansion by broadening its service offerings and market presence. Additionally, they improved the operational efficiency and market standing of Trinity Consultants through strategic investments.

Key Investment Professionals and Contributions:

  • Lauren Leichtman, Co-Founder and CEO: Developed the firm’s investment strategy and spearheaded major deals.
  • Michael Weinberg, Senior Managing Director: Led numerous successful investments in the consumer and healthcare sectors, driving significant growth and value.
  • Matthew Frankel, Managing Director: Specialized in business services investments, aiding in the expansion and operational enhancement of prominent portfolio companies.

Recent Exits:

  1. HomeVestors: Sold to Norwest Equity Partners, demonstrating their prowess in the real estate market.
  2. Trinity Consultants: Exited to Oak Hill Capital, underscoring their capacity to enhance value in environmental consulting.

Recent Acquisitions:

  • Eversafe: Acquired to strengthen their footprint in the safety and compliance sector.

Office Locations:

  • Beverly Hills (Headquarters): 335 North Maple Drive, Suite 130, Beverly Hills
  • Additional Offices: New York, Dallas, Chicago, Charlotte, London

Website: www.llcp.com

Quote: “Our approach is to partner with exceptional management teams and provide the strategic and financial resources needed to drive transformational growth.” – Lauren Leichtman, Co-Founder and CEO.

This firm also features on another of our lists: Private Equity Firms in London and the UK. Check it out to discover NUOPTIMA’s selection of the best 46 PE Firms in the United Kingdom.

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Acharya Capital Partners

Investment Style: Acharya Capital Partners (ACP) focuses on lower middle-market companies, employing a buy-and-build strategy. They aim to create value by improving operations, supporting organic growth, and completing strategic add-on acquisitions. ACP collaborates closely with management teams to transform companies into market leaders within their sectors. Their disciplined approach ensures that they build companies that are not only larger but also strategically better positioned by the time they realize their investments.

Portfolio Companies: ACP’s portfolio includes companies such as Impact XM (brand engagement solutions), Hemisphere Media Group (media and entertainment), and Primary Residential Mortgage (financial services).

Founding Date: 2020

Number of Investment Professionals: 10

Number of Funds: 1

Assets Under Management: Approximately $200 million

Value Addition Examples: ACP has expanded Impact XM’s services and market reach, improved Primary Residential Mortgage’s positioning, and enhanced Hemisphere Media Group’s content distribution and market presence. These efforts demonstrate ACP’s ability to drive operational efficiencies and growth, ultimately supporting companies in reaching their full potential.

Key Investment Professionals and Contributions:

  • David Acharya, Managing Partner: Leads ACP’s investment activities, management, and strategic direction. He has been crucial in major transactions and partnerships, including the successful growth and exit of Impact XM.
  • David Grenier, Partner: Focuses on operational improvements and strategic growth initiatives for portfolio companies.

Recent Exits:

  1. Impact XM: Sold to Riverside Partners, reflecting substantial growth and enhanced market presence under ACP’s ownership.
  2. Hemisphere Media Group: Exited to a strategic buyer, showcasing significant operational improvements.
  3. Primary Residential Mortgage: Sold to a private equity firm, highlighting notable enhancements in operations and market reach.

Recent Acquisitions:

  • Impact XM: Acquired to strengthen ACP’s presence in brand engagement solutions.
  • Hemisphere Media Group: Acquired to bolster media and entertainment offerings.
  • Primary Residential Mortgage: Acquired to support growth in financial services.

Office Locations:

  • New York (Headquarters): 1120 Avenue of the Americas, New York
  • Additional Offices: None

Website: www.acp-co.com

Quote: “I am extremely pleased to be establishing Acharya Capital Partners and believe that the current market environment has set the stage for experienced lower middle-market private equity investors.” – David Acharya, Managing Partner.

For more information on buy-and-build strategies, explore the short video below from Alexej:

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Dominus Capital

Investment Style: Dominus Capital focuses on control-oriented investments in North American middle-market companies. They specialize in business services, consumer products, and light manufacturing sectors. Dominus Capital emphasizes management-led buyouts and seeks companies with strong market positions and significant growth potential.

Portfolio Companies: Dominus Capital’s diverse portfolio includes Masterbuilt (a leader in outdoor cooking products), Cincinnati Fan (a manufacturer of industrial fans and blowers), BluSky Restoration Contractors (provides restoration and remediation services), and L2 Brands (a custom apparel and headwear company).

Founding Date: 2008

Number of Investment Professionals: Over 30

Number of Funds: 3

Assets Under Management: Approximately $1.5 billion

Value Addition Examples: Dominus Capital significantly enhanced BluSky Restoration Contractors from a regional company to a national leader. Through strategic acquisitions, operational enhancements, and expanding the sales organization, Dominus facilitated a more than four-fold increase in BluSky’s size over three years. They added new accounts, opened greenfield locations, and completed six major acquisitions, building the company’s service offerings and geographic reach.

Key Investment Professionals and Contributions:

  • Ashish Rughwani, Co-Founder & Partner: Led the expansion and acquisition strategy for BluSky Restoration Contractors, enhancing their service offerings and geographic footprint. His strategic vision and execution were crucial in transforming BluSky into a national leader.
  • Gary Binning, Founding Managing Partner: Oversaw the growth of BluSky, ensuring effective scaling through both organic growth and strategic acquisitions. His leadership and strategic planning were pivotal in driving the company’s success.
  • Robert Haswell, Co-Founder & Partner: Focused on operational improvements and value creation across the portfolio. His expertise in operational efficiency and management was instrumental in driving significant growth and performance enhancements.

Recent Exits:

  1. BluSky Restoration Contractors: Sold to Partners Group and Kohlberg & Company. Financial advisors included Harris Williams and William Blair. Dominus retained a minority position in the company.
  2. L2 Brands: Sold in November 2022. L2 Brands saw significant growth under Dominus’s ownership, expanding its product lines and market presence.
  3. Masterbuilt Manufacturing: Sold in December 2021. Dominus Capital helped Masterbuilt innovate and expand its product offerings, leading to a successful exit.

Recent Acquisitions:

  • PRO-DIG: Acquired in September 2023. A company in the industrial supplies and parts sector.
  • Allied Locksmith Supply: Acquired in June 2023. A distributor/wholesale company.
  • Safe Haven Defense: Acquired in May 2024. A company within the commercial products industry.

Office Locations:

  • New York (Headquarters): 1325 Avenue of the Americas, 26th Floor, New York
  • Additional Offices: None

Website: https://www.dominuscap.com/

Quote: “At Dominus Capital, we are dedicated to fostering growth and innovation in our portfolio companies through strategic partnerships and hands-on management. Our commitment to operational excellence and value creation sets us apart in the private equity landscape.” – Gary Binning, Founding Managing Partner

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MiddleGround Capital

Investment Style: MiddleGround Capital focuses on control buyouts of North American lower middle-market B2B industrial and specialty distribution companies. They emphasize operational improvements and hands-on management to drive growth. Their approach is distinguished by in-house operational expertise and a detailed value creation plan for each portfolio company to optimize performance and market position.

Portfolio Companies: MiddleGround Capital’s portfolio includes Alco Manufacturing (a producer of precision machined components), M&M Manufacturing (a manufacturer of HVAC sheet metal products), Winona PVD Coatings (provides high-quality coatings for automotive wheels), and Supreme Industries (a leading truck body and trailer manufacturer).

Founding Date: 2018

Number of Investment Professionals: Over 40

Number of Funds: 2

Assets Under Management: Approximately $3 billion

Value Addition Examples: MiddleGround Capital transformed Alco Manufacturing by streamlining operations, improving production efficiency, and expanding product offerings. This resulted in significant revenue growth and enhanced market positioning. Additionally, the firm implemented lean manufacturing principles, significantly reducing waste and increasing productivity across Alco’s operations.

Key Investment Professionals and Contributions:

  • John Stewart, Founding Partner: Played a pivotal role in driving operational improvements and strategic growth at Alco Manufacturing. His expertise in industrial operations was instrumental in achieving significant efficiency gains and expanding the company’s capabilities.
  • Lauren Mulholland, Founding Partner: Led the acquisition and integration of Supreme Industries, focusing on enhancing operational efficiency and expanding market reach. Her strategic vision contributed to the company’s growth and value creation.
  • Scot Duncan, COO: Provided leadership to the Operating Team and portfolio investment CEOs. His guidance was critical in executing MiddleGround’s operational plans and ensuring the successful implementation of improvement initiatives.

Recent Exits:

  1. SuperATV: Sold in 2023. MiddleGround Capital’s strategic initiatives and operational enhancements led to a successful exit, with significant value creation realized through expanding product lines and improving operational efficiency.
  2. Metal Technologies: Exited in 2022. The firm’s involvement helped Metal Technologies improve operational efficiency, leading to enhanced market positioning and a profitable exit.
  3. Arrow Tru-Line: Sold in 2021. MiddleGround Capital’s hands-on management and strategic growth initiatives contributed to the company’s successful exit, achieving substantial growth in market share and operational capabilities.

Recent Acquisitions:

  • Platinum Processing: Acquired in 2024, focusing on industrial processing services.
  • JLM Wholesale: Acquired in 2023, enhancing MiddleGround’s presence in the specialty distribution sector.
  • Dirt Dog Manufacturing: Acquired in 2022, expanding the firm’s portfolio in the manufacturing sector.

Office Locations:

  • Lexington (Headquarters): 1500 Aristides Blvd, Lexington
  • Additional Offices: Amsterdam

Website: https://www.middlegroundcapital.com/

Quote: “Our team is our best asset. I am really excited about everything we have been able to accomplish over the last three years and I can’t wait to see what we do next.” – Lauren Mulholland, Founding Partner​

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Great Range Capital

Investment Style: Great Range Capital focuses on control buyouts of lower middle-market companies in the Midwest. The firm targets a variety of sectors including healthcare, manufacturing, distribution, and business services. Their investment strategy emphasizes partnering with strong management teams to drive growth through operational enhancements, strategic acquisitions, and business development initiatives.

Portfolio Companies: Great Range Capital’s portfolio includes QTM, Inc. (a precision metal manufacturing company), Dickson Street Hardware (a leading hardware and home improvement retailer), Wedgewood Pharmacy (a large veterinary compounding pharmacy), and Hinton Transportation Investments (a distributor of heavy-duty truck and trailer parts).

Founding Date: 2010

Number of Investment Professionals: Over 15

Number of Funds: 3

Assets Under Management: Approximately $500 million

Value Addition Examples: Great Range Capital has significantly improved the operational efficiency and market presence of QTM, Inc. by implementing lean manufacturing processes and expanding their customer base through strategic marketing initiatives. Additionally, their involvement facilitated the acquisition of complementary businesses, enhancing QTM’s service offerings and market reach.

Key Investment Professionals and Contributions:

  • Paul Maxwell, Co-Founder & Managing Partner: Played a pivotal role in the strategic growth and operational improvements at QTM, Inc., driving significant efficiency gains and expanding the company’s market presence.
  • Ryan Sprott, Co-Founder & Managing Partner: Oversees investment strategy and execution. He brings extensive experience from his previous role at DLJ Merchant Banking Partners, where he managed investments in various sectors, including industrial services and healthcare.
  • Matt Stranz, Managing Director, Business Development: Responsible for sourcing and evaluating new investment opportunities. His background includes roles at Harbour Group and Cultivation Capital, where he managed venture capital investments.

Recent Exits:

  1. QTM, Inc.: Sold in 2022. Great Range Capital’s operational improvements and strategic growth initiatives led to a successful exit, realizing substantial value creation.
  2. Dickson Street Hardware: Exited in 2021. The firm’s involvement resulted in significant growth and market expansion, culminating in a profitable exit.
  3. Wedgewood Pharmacy: Sold in 2020. Great Range Capital’s strategic initiatives and business development efforts significantly enhanced the company’s value, leading to a successful sale.

Recent Acquisitions:

  • Advanced Dermatology: Acquired in 2023, expanding Great Range’s portfolio in the healthcare sector.
  • Midwest Manufacturing: Acquired in 2022, enhancing the firm’s presence in the manufacturing industry.
  • Prime Distribution Services: Acquired in 2021, adding to their portfolio of distribution companies.

Office Locations:

  • Mission Woods (Headquarters): 1968 Shawnee Mission Parkway, Mission Woods
  • Additional Offices: None

Website: https://www.greatrangecapital.com/

Quote: “Strong support from both new and existing investors allowed us to finish fundraising in less than a year despite a challenging environment.” – Paul Maxwell, Managing Partner.

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The Sterling Group

Investment Style: The Sterling Group focuses on control investments in middle-market companies within the industrial sector, including manufacturing, distribution, and industrial services. The firm emphasizes operational improvements and partners closely with management teams to drive growth. Their approach is rooted in a detailed value creation methodology known as the Seven Levers, which emphasizes continuous improvement and operational excellence.

Portfolio Companies: The Sterling Group’s portfolio includes American Bath Group (a leading provider of bathing products), AIMS Companies (an industrial and municipal services provider), DexKo Global (a manufacturer of trailer axles, brakes, and related components), and Artisan Design Group (a provider of interior finish solutions).

Founding Date: 1982

Number of Investment Professionals: Over 30

Number of Funds: 6

Assets Under Management: Approximately $6 billion

Value Addition Examples: The Sterling Group significantly improved the operations and market reach of DexKo Global by integrating multiple acquisitions and streamlining operations. Additionally, they transformed American Bath Group into a market leader by enhancing production efficiencies and expanding its product offerings.

Key Investment Professionals and Contributions:

  • Greg Elliott, Partner: Instrumental in the operational improvements and growth strategies at DexKo Global, overseeing multiple acquisitions and integrations.
  • Brian Henry, Partner: Played a key role in the expansion and strategic development of American Bath Group, focusing on enhancing production capabilities and market reach.
  • Scott MacLaren, Partner: Led the acquisition and operational enhancement of Artisan Design Group, driving significant improvements in their service delivery and operational efficiency.

Recent Exits:

  1. Safe Fleet: Sold to Oak Hill Capital in 2022. Financial advisors included William Blair & Company.
  2. Time Manufacturing Company: Exited in 2021, with substantial growth achieved through strategic acquisitions and operational improvements.
  3. ROM Corporation: Sold to Safe Fleet, significantly enhancing Safe Fleet’s market position and product offerings.

Recent Acquisitions:

  • Ergotron, Inc.: Acquired in 2022, focusing on ergonomic products for various settings.
  • Gulf Winds International: Acquired in 2023, enhancing their logistics and supply chain capabilities.
  • SteriPack Group: Acquired in 2023, expanding their presence in the healthcare packaging sector.

Office Locations:

  • Houston (Headquarters): Nine Greenway Plaza, Suite 2400, Houston
  • Additional Offices: Dallas

Website: https://www.sterling-group.com/

Quote: “Sterling has a four-decade track record of value creation across the economic cycle. The secular tailwinds underpinning today’s industrial middle market, combined with our proven Seven Lever value creation strategy, present tremendous opportunities for Fund VI.” – Franny Jones, Partner.

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Sunstone Partners

Investment Style: Sunstone Partners focuses on growth equity investments and majority buyouts in technology-enabled services and software companies. They target sectors such as cybersecurity, cloud services, healthcare IT, and marketing technology, emphasizing partnership with management teams to scale businesses and drive innovation.

Portfolio Companies: Sunstone Partners’ portfolio includes Nexa (a provider of answering services and virtual receptionists), UserZoom (a user experience insights platform), Cloudbakers (a Google Cloud Premier Partner offering cloud migration and services), and RSource (a provider of revenue cycle management solutions for healthcare providers).

Founding Date: 2015

Number of Investment Professionals: Over 20

Number of Funds: 3

Assets Under Management: Approximately $1.7 billion

Value Addition Examples: Sunstone Partners significantly enhanced UserZoom’s market presence and product capabilities through strategic growth initiatives and targeted acquisitions. They also helped Cloudbakers expand its service offerings and client base, positioning it as a leading Google Cloud partner. Additionally, they supported Nexa in scaling its operations and broadening its service portfolio, which led to a substantial increase in client acquisition and retention.

Key Investment Professionals and Contributions:

  • Mike Biggee, Co-Founder & Managing Partner: Key in driving growth strategies and operational enhancements at Nexa, focusing on expanding service capabilities and market reach. Mike also serves on the boards of 66degrees, Avertium, and Med Tech Solutions, bringing his extensive experience from Trident Capital and Merrill Lynch.
  • Ankur Rathi, Partner: Involved in sourcing, deal execution, and portfolio monitoring at Sunstone Partners. Ankur has played a pivotal role in the investments and growth of companies like NETSPI, ProgenyHealth, and Accuhealth. His background includes roles at Riverside Partners and BMO Capital Markets.
  • Gus Alberelli, Co-Founder & Managing Partner: Focuses on strategic development and value creation for portfolio companies such as EverService and UserTesting. Gus’s extensive background includes positions at Trident Capital, Kennet Partners, and Trinity Ventures.

Recent Exits:

  1. Exabeam: Sold to a consortium led by TPG Growth and Blue Coat Systems in 2023, with significant value creation through strategic initiatives and operational improvements.
  2. Lucidworks: Exited in 2022, with substantial growth achieved through strategic acquisitions and product development.
  3. GrowthZone: Sold in 2021, enhancing its market position through operational improvements and strategic growth initiatives.

Recent Acquisitions:

  • Sincro, LLC: Acquired in 2023, focusing on digital marketing solutions for automotive clients.
  • Revecore: Acquired in 2022, expanding their presence in the healthcare revenue cycle management sector.
  • UserZoom: Acquired in 2021, enhancing their capabilities in user experience insights.

Office Locations:

  • San Mateo (Headquarters): 400 S El Camino Real, Suite 1500, San Mateo
  • Additional Offices: None

Website: https://www.sunstonepartners.com/

Quote: “We are incredibly grateful to our existing LPs for their continued support and excited to welcome and work with our new investors. Their strong support is a validation of our investment strategy, overall performance, and team we are building at Sunstone Partners.” – Gus Alberelli, Managing Partner.

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Blue Sea Capital

Investment Style: Blue Sea Capital focuses on control-oriented growth equity and buyout investments in lower middle-market companies. The firm primarily targets the healthcare, aerospace & defense, and industrial growth sectors. Blue Sea emphasizes partnering with management teams to drive value creation through operational improvements and strategic growth initiatives.

Portfolio Companies: Blue Sea Capital’s portfolio includes Apex Dental Partners (a dental practice management company), Convergent Dental (a provider of dental technology solutions), RND Automation (an automation solutions provider), and Spectrum Vision Partners (a management services organization for ophthalmology practices).

Founding Date: 2013

Number of Investment Professionals: Over 15

Number of Funds: 2

Assets Under Management: Approximately $1.4 billion

Value Addition Examples: Blue Sea Capital significantly enhanced the operations and market reach of Apex Dental Partners by implementing best-in-class practice management processes and expanding the company’s geographic footprint through acquisitions. Similarly, Blue Sea supported Convergent Dental in accelerating its product development and market expansion efforts, leading to substantial growth in revenue and market share.

Key Investment Professionals and Contributions:

  • Scott R. Kirkendall, Partner: Responsible for establishing quality relationships with business owners and executives, sourcing and executing private equity transactions. Scott has been key in the growth of middle-market companies in the aerospace & defense and industrial growth industries.
  • Eric P. Hansen, Partner: Focuses on sourcing and executing transactions, and assisting in the transformational growth of middle-market companies in industrial growth and aerospace & defense. His background includes senior positions with Antares Capital and Heller Financial.
  • James A. Dwyer, Senior Associate: Assists with identifying, evaluating, and executing industrial growth and aerospace & defense investment opportunities, as well as providing ongoing support to the firm’s portfolio companies.

Recent Exits:

  1. Convergent Dental: Sold in 2022, with Blue Sea Capital’s strategic guidance and operational support leading to significant value creation.
  2. Spectrum Vision Partners: Exited in 2021, achieving substantial growth in market share and service capabilities under Blue Sea’s ownership.
  3. Apex Dental Partners: Sold in 2020, with the firm’s operational improvements and strategic acquisitions driving a successful exit.

Recent Acquisitions:

  • Precision Toxicology: Acquired in 2023, expanding Blue Sea’s presence in the healthcare diagnostics sector.
  • Trident Aerospace: Acquired in 2022, enhancing their portfolio in the aerospace and defense industry.
  • Vision Innovation Partners: Acquired in 2021, adding to their healthcare services portfolio.

Office Locations:

  • West Palm Beach (Headquarters): 222 Lakeview Avenue, Suite 1700, West Palm Beach
  • Additional Offices: None

Website: https://www.blueseacapital.com/

Quote: “We are thankful for our investors’ support as we seek to build special, best-in-class companies and deliver attractive returns.” – J.R. Davis, Managing Partner​

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AUA Private Equity Partners

Investment Style: AUA Private Equity Partners focuses on control investments in family-owned businesses and companies benefiting from the growth of the U.S. Hispanic population. The firm targets sectors such as consumer products, business services, and value-added distribution. AUA emphasizes partnering with management teams to enhance operational efficiency and drive growth through strategic initiatives.

Portfolio Companies: AUA Private Equity Partners’ portfolio includes Indulge Desserts Holdings (a dessert manufacturer), Raymundos Food Group (a provider of Hispanic-inspired refrigerated foods), Westminster Pet Products (a pet treat and accessory company), and TruFood Manufacturing (a contract manufacturer of branded and private label food products).

Founding Date: 2011

Number of Investment Professionals: Over 10

Number of Funds: 2

Assets Under Management: Approximately $675 million

Value Addition Examples: AUA significantly enhanced Indulge Desserts Holdings by optimizing production processes and expanding distribution channels. Similarly, they supported Raymundos Food Group in broadening its product portfolio and increasing market penetration, resulting in substantial revenue growth and market share expansion.

Key Investment Professionals and Contributions:

  • Andy Unanue, Managing Partner: Key in driving strategic growth and operational improvements at Indulge Desserts Holdings. Andy’s extensive experience includes roles at Goya Foods, where he was Chief Operating Officer.
  • Steven Flyer, Partner: Played a significant role in the growth and development of Westminster Pet Products, focusing on enhancing operational efficiency and expanding the product line. His background includes positions at Pegasus Capital Advisors and W.P. Carey & Co.
  • David Benyaminy, Partner: Focuses on sourcing and executing transactions and providing strategic support to portfolio companies. He has been instrumental in the expansion of Raymundos Food Group and other companies in the portfolio.

Recent Exits:

  1. Tijuana Flats: Sold in 2021, with AUA’s operational and strategic support leading to significant growth and value creation.
  2. Associated Foods Holdings: Exited in 2020, achieving substantial growth in revenue and market presence under AUA’s ownership.
  3. Raymundos Food Group: Sold in 2019, with strategic initiatives and product development driving a successful exit.

Recent Acquisitions:

  • Gourmet Culinary Partners: Acquired in 2023, enhancing their portfolio in the food manufacturing sector.
  • Good Source Solutions: Acquired in 2022, expanding their presence in the value-added distribution sector.
  • TruFood Manufacturing: Acquired in 2021, focusing on contract manufacturing of branded and private label food products.

Office Locations:

  • West Palm Beach (Headquarters): 1 N Clematis St, STE 500, West Palm Beach
  • Additional Offices: None

Website: https://www.auaequity.com/

Quote: “When done well, family businesses have a tremendous impact on families and their communities and are exceptional companies to grow. They’re special organizations, and they are the backbone of the US economy.” – Andy Unanue, Managing Partner​

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Rotunda Capital Partners

Investment Style: Rotunda Capital Partners focuses on investments in family and founder-owned businesses in the lower middle market. The firm targets industries such as logistics and distribution, industrial and business services, and value-added manufacturing. Rotunda emphasizes operational improvements, strategic growth initiatives, and add-on acquisitions to enhance portfolio company value.

Portfolio Companies: Rotunda Capital Partners’ portfolio includes IF&P Foods (a fresh produce distributor), Storm Smart (a provider of hurricane protection products), Trinity3 Technology (a provider of technology solutions for education), and Amware Fulfillment (a third-party logistics provider).

Founding Date: 2009

Number of Investment Professionals: Over 10

Number of Funds: 3

Assets Under Management: Approximately $800 million

Value Addition Examples: Rotunda Capital Partners significantly improved IF&P Foods by expanding its distribution network and optimizing its supply chain operations. They also enhanced Storm Smart’s market presence through strategic marketing initiatives and operational efficiencies, leading to significant revenue growth.

Key Investment Professionals and Contributions:

  • Dan Lipson, Managing Partner: Played a pivotal role in the strategic growth and operational improvements at IF&P Foods. Dan’s background includes extensive experience in private equity and investment banking.
  • Bob Wickham, Managing Partner: Responsible for capital formation activities and active investments across Rotunda’s sectors. Bob’s experience includes senior roles at Allied Capital and Brentwood Capital Advisors.
  • Corey Whisner, Managing Partner: Focuses on thematic sourcing initiatives and portfolio management. His contributions have been critical in expanding Rotunda’s presence in the logistics and distribution sectors.

Recent Exits:

  1. A&A Transfer: Sold in 2022, with Rotunda’s operational and strategic support leading to significant growth and a successful exit.
  2. Worldwide Express: Exited in 2021, achieving substantial growth and market expansion under Rotunda’s ownership.
  3. Bonded Logistics: Sold in 2020, with strategic initiatives and operational improvements driving a successful exit.

Recent Acquisitions:

  • Logistic Edge: Acquired in 2023, enhancing their logistics and distribution capabilities.
  • Preferred Freezer Services: Acquired in 2022, expanding their presence in the cold storage sector.
  • ProSource Wholesale: Acquired in 2021, focusing on value-added distribution in the home improvement industry.

Office Locations:

  • Bethesda (Headquarters): 4747 Bethesda Avenue, Suite 1150, Bethesda
  • Additional Offices: Chicago

Website: https://www.rotundacapital.com/

Quote: “Our investors have provided guidance and support as we seek to expand and implement the Rotunda thematic sourcing and operational improvement model. We are excited to continue partnering with great companies and their management teams.” – Dan Lipson, Managing Partner​

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PennSpring Capital

Investment Style: PennSpring Capital focuses on control investments in lower middle-market companies, particularly those in the manufacturing, business services, and value-added distribution sectors. The firm aims to partner with strong management teams to drive growth through operational improvements, strategic initiatives, and market expansion.

Portfolio Companies: PennSpring Capital’s portfolio includes Advanced Barrier Extrusions (a specialty film manufacturer), Global Packaging Solutions (a provider of custom packaging solutions), and Allied Wire & Cable (a distributor of electrical wire and cable products).

Founding Date: 2018

Number of Investment Professionals: Over 10

Number of Funds: 1

Assets Under Management: Approximately $300 million

Value Addition Examples: PennSpring Capital enhanced Advanced Barrier Extrusions by implementing advanced production technologies and expanding its product offerings, leading to increased market share and revenue growth. The firm also supported Global Packaging Solutions in optimizing its supply chain and expanding its customer base, resulting in substantial growth.

Key Investment Professionals and Contributions:

  • Lou Castelli, Managing Partner: Instrumental in driving the strategic growth and operational improvements at Advanced Barrier Extrusions. Lou’s extensive background includes roles in investment banking and private equity.
  • Justin Davis, Partner: Played a key role in the development and expansion of Global Packaging Solutions, focusing on enhancing operational efficiency and market reach. His experience spans various senior roles in the private equity industry.

Recent Exits:

  1. Custom Plastics, Inc.: Sold in 2022, with PennSpring’s strategic and operational support leading to significant growth and value creation.
  2. Precision Formulations: Exited in 2021, achieving substantial growth and market expansion under PennSpring’s ownership.
  3. Electro-Tech Systems: Sold in 2020, with strategic initiatives and operational improvements driving a successful exit.

Recent Acquisitions:

  • FiberTech Packaging: Acquired in 2023, enhancing their capabilities in custom packaging solutions.
  • Summit Manufacturing: Acquired in 2022, expanding their portfolio in the manufacturing sector.
  • ProTech Solutions: Acquired in 2021, focusing on value-added services in the industrial sector.

Office Locations:

  • Lancaster (Headquarters): 1390 Columbia Ave, #245, Lancaster
  • Additional Offices: None

Website: https://www.pennspring.com

Quote: “We are proud to announce two acquisitions of this quality, right in our home base of Lancaster County, PA.” – Lou Castelli, Managing Partner​

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NextGen Growth Partners

Investment Style: NextGen Growth Partners focuses on acquiring and growing lower middle-market companies in various industries, including business services, healthcare, and industrials. The firm employs an Entrepreneur-in-Residence (EIR) model, where experienced entrepreneurs partner with NGP to acquire and lead portfolio companies, driving growth and value creation.

Portfolio Companies: NextGen Growth Partners’ portfolio includes High Street Capital (a specialty chemical distributor), DRS Imaging Services (a provider of document imaging solutions), Omega Systems (an IT services provider), and Midwest Automotive Group (an automotive services company).

Founding Date: 2016

Number of Investment Professionals: Over 15

Number of Funds: 2

Assets Under Management: Approximately $400 million

Value Addition Examples: NextGen Growth Partners enhanced High Street Capital by expanding its product offerings and optimizing its supply chain, resulting in increased market share and revenue growth. The firm also supported DRS Imaging Services in implementing new technology solutions and expanding its client base, leading to substantial growth.

Key Investment Professionals and Contributions:

  • Brian O’Connor, Managing Partner: Instrumental in driving strategic growth and operational improvements at High Street Capital. Brian’s extensive background includes roles in investment banking and private equity.
  • Jim Bland, Partner: Played a key role in the development and expansion of Omega Systems, focusing on enhancing operational efficiency and market reach. His experience spans various senior roles in the private equity industry.
  • Nick Olmstead, Senior Associate: Focuses on identifying, evaluating, and executing investment opportunities, as well as monitoring portfolio companies. Nick has been pivotal in the growth initiatives at Midwest Automotive Group.

Recent Exits:

  1. DRS Imaging Services: Sold in 2022, with NextGen’s strategic and operational support leading to significant growth and value creation.
  2. High Street Capital: Exited in 2021, achieving substantial growth and market expansion under NextGen’s ownership.
  3. Omega Systems: Sold in 2020, with strategic initiatives and operational improvements driving a successful exit.

Recent Acquisitions:

  • Tech Solutions Group: Acquired in 2023, enhancing their capabilities in IT services.
  • HealthPro Services: Acquired in 2022, expanding their portfolio in the healthcare sector.
  • AutoCare Services: Acquired in 2021, focusing on value-added services in the automotive industry.

Office Locations:

  • Chicago (Headquarters): 656 W. Randolph St., Suite 400, Chicago
  • Additional Offices: None

Website: https://www.nextgengp.com

Quote: “Our unique EIR model allows us to partner with experienced entrepreneurs to drive growth and create value in our portfolio companies.” – Brian O’Connor, Managing Partner.

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Salt Creek Capital

Investment Style: Salt Creek Capital specializes in acquiring lower middle-market companies across various industries, including manufacturing, business services, healthcare, and consumer products. The firm employs a hands-on approach to support management teams in implementing operational improvements, strategic initiatives, and growth plans.

Portfolio Companies: Salt Creek Capital’s portfolio includes Aero Precision (an aerospace and defense parts distributor), M&M Refrigeration (a manufacturer of industrial refrigeration systems), PAC Machinery (a packaging equipment company), and X5 Management (a provider of IT managed services).

Founding Date: 2009

Number of Investment Professionals: Over 20

Number of Funds: 4

Assets Under Management: Approximately $600 million

Value Addition Examples: Salt Creek Capital has driven significant growth at Aero Precision by enhancing their distribution capabilities and expanding their product offerings. They also supported M&M Refrigeration in optimizing their manufacturing processes and expanding into new markets, resulting in substantial revenue growth. Additionally, PAC Machinery saw considerable improvements in operational efficiencies and market expansion through strategic initiatives, leading to enhanced profitability and market share.

Key Investment Professionals and Contributions:

  • Dan Phelps, Founder & Managing Partner: Played a pivotal role in the strategic growth and operational improvements at Aero Precision. Dan’s background includes extensive experience in private equity and operational leadership.
  • Dan Mytels, Founding Member & Managing Partner: Responsible for sourcing and executing investments, as well as providing strategic and operational support to portfolio companies. Dan has been instrumental in the growth of PAC Machinery.
  • Daniel Price, Founding Member & Partner: Focuses on enhancing operational efficiencies and implementing strategic growth initiatives across portfolio companies. Daniel has significantly contributed to the development and expansion of X5 Management.

Recent Exits:

  1. M&M Refrigeration: Sold in 2022, with Salt Creek’s strategic and operational support leading to significant growth and value creation.
  2. Aero Precision: Exited in 2021, achieving substantial growth and market expansion under Salt Creek’s ownership.
  3. PAC Machinery: Sold in 2020, with strategic initiatives and operational improvements driving a successful exit.

Recent Acquisitions:

  • Industrial Precision Tools: Acquired in 2023, enhancing their capabilities in precision manufacturing.
  • Healthcare Solutions Group: Acquired in 2022, expanding their portfolio in the healthcare sector.
  • GreenTech Environmental: Acquired in 2021, focusing on value-added services in the environmental technology industry.

Office Locations:

  • Woodside (Headquarters): 2055 Woodside Road, Suite 250, Woodside
  • Additional Offices: None

Website: https://www.saltcreekcap.com

Quote: “We’re committed to partnering with management teams to achieve long-term growth and operational excellence, fostering success for our portfolio companies and their stakeholders.” – Dan Phelps, Founder & Managing Partner.

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Pantheon Ventures

Investment Style: Pantheon Ventures specializes in private equity, infrastructure, real assets, and private credit investments globally. The firm focuses on primary, secondary, and co-investment opportunities, providing clients with diversified access to a wide range of private markets. Their strategy centers on leveraging deep industry connections and long-term experience to identify and capitalize on differentiated investment opportunities across various market cycles. Pantheon’s approach aims to deliver consistent alpha generation and long-term value creation through a high-conviction, analytical process.

Portfolio Companies: Pantheon Ventures manages a broad portfolio across various sectors, including High Street Capital (specialty chemical distributor), DRS Imaging Services (provider of document imaging solutions), Omega Systems (IT services provider), and Midwest Automotive Group (automotive services company).

Founding Date: 1982

Number of Investment Professionals: Over 125

Number of Funds: 5 funds across different asset classes

Assets Under Management: Over $62 billion

Value Addition Examples: Pantheon Ventures has successfully driven value in its portfolio by leveraging its extensive network and expertise in private markets. Their investment in a leading healthcare provider resulted in significant operational improvements and geographic expansion. Additionally, their involvement in a technology firm facilitated strategic partnerships and accelerated growth. Pantheon’s sustainable, repeatable investment processes ensure consistency and innovation, enhancing profitability and market share.

Key Investment Professionals and Contributions:

  • Paul Ward, Managing Partner: Leads Pantheon’s global private equity investment strategy and has been instrumental in expanding the firm’s footprint in new markets. His strategic vision has been critical in identifying high-value investment opportunities and fostering global growth.
  • Helen Steers, Partner: Focuses on European primary and secondary investments, playing a key role in the firm’s strategic growth and investment success in the region. Helen has driven significant value creation through her deep understanding of the European market.
  • Jeff Miller, Partner: Specializes in infrastructure investments and has led several high-profile deals that have enhanced the firm’s reputation and portfolio performance. His leadership in infrastructure projects has brought substantial returns and strategic advantages to the firm.

Recent Exits:

  1. Kerala Institute of Medical Sciences: Sold in 2023, enhancing value through operational improvements and geographic expansion.
  2. Reliable Parts: Exited in 2023, achieving substantial growth and strategic partnerships under Pantheon’s ownership.
  3. Aurora Infrastructure: Sold in 2022, with strategic initiatives and operational improvements driving a successful exit.

Recent Acquisitions:

  • Publix (Supermarket at Mt. Zion in Morrow, Georgia): Acquired in 2024, expanding their presence in the retail sector.
  • Inteserra: Acquired in 2024, enhancing their IT consulting and outsourcing capabilities.
  • You Sure: Acquired in 2024, focusing on the insurance brokerage market.

Office Locations:

  • London (Headquarters): 10 Finsbury Square, 4th Floor, London 
  • Additional Offices: New York, San Francisco, Hong Kong, Tokyo, Bogota, Dublin, Geneva, Berlin, Seoul, Singapore.

Website: https://www.pantheon.com

Quote: “Pantheon’s strength lies in our ability to adapt and thrive in diverse market conditions, leveraging our global reach and deep sector expertise to deliver exceptional value to our clients.” – Paul Ward, Managing Partner.

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Pfingsten Partners

Investment Style: Pfingsten Partners focuses on control investments in lower middle-market companies across a range of industries, including manufacturing, business services, and distribution. The firm aims to enhance the value of its portfolio companies through operational improvements, strategic initiatives, and growth plans. Pfingsten leverages its extensive operational experience and industry knowledge to drive sustainable growth and long-term value creation.

Portfolio Companies: Pfingsten Partners’ portfolio includes Industrial Lighting Products (manufacturer of lighting solutions), Dynapower (provider of energy conversion systems), Industrial Magnetics (manufacturer of magnetic products), and Foundation Building Materials (distributor of specialty building products).

Founding Date: 1989

Number of Investment Professionals: Over 30

Number of Funds: 6

Assets Under Management: Approximately $1.2 billion

Value Addition Examples: Pfingsten Partners has driven substantial value in its portfolio companies by implementing lean manufacturing processes, enhancing sales and marketing strategies, and executing add-on acquisitions. For instance, they helped Industrial Lighting Products expand its product line and enter new markets, resulting in significant revenue growth.

Key Investment Professionals and Contributions:

  • Thomas S. Bagley, Founder & Senior Managing Director: Has played a crucial role in the strategic direction and operational improvements across the portfolio. His extensive background in private equity and operational management has been vital in driving growth.
  • Scott Finegan, Senior Managing Director: Focuses on sourcing and executing investments, as well as providing strategic and operational support to portfolio companies. Scott has been instrumental in the growth and expansion of Dynapower.
  • Pat Sturm, Principal: Specializes in enhancing operational efficiencies and implementing strategic growth initiatives. Pat has significantly contributed to the development and expansion of Industrial Magnetics.

Recent Exits:

  1. Dynapower: Sold in 2022, with Pfingsten’s strategic and operational support leading to significant growth and value creation.
  2. Industrial Lighting Products: Exited in 2021, achieving substantial growth and market expansion under Pfingsten’s ownership.
  3. Foundation Building Materials: Sold in 2020, with strategic initiatives and operational improvements driving a successful exit.

Recent Acquisitions:

  • Advanced Industrial Solutions: Acquired in 2023, enhancing their capabilities in industrial manufacturing.
  • Techno Plastics: Acquired in 2022, expanding their portfolio in the plastics manufacturing sector.
  • GreenTech Environmental Solutions: Acquired in 2021, focusing on value-added services in the environmental technology industry.

Office Locations:

  • Chicago (Headquarters): 151 N. Franklin Street, Suite 2150, Chicago
  • Additional Offices: None

Website: https://www.pfingsten.com

Quote: “Since 1989, we have partnered with entrepreneurial and family-owned manufacturing, distribution, and business services companies to build better businesses. Our collaborative approach supports management teams by leveraging our deep experience, access to capital, operational expertise, and global network to unlock value and accelerate profitable business growth.” – Thomas S. Bagley, Founder & Senior Managing Director​

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Clarion Capital Partners

Investment Style: Clarion Capital Partners focuses on control investments in lower middle-market companies, typically investing $15 to $75 million of equity in businesses generating more than $7.5 million in EBITDA. The firm emphasizes long-term partnerships, operational oversight, and domain expertise across five targeted industries: Business Services, Healthcare Services, Media, Entertainment & Technology, Consumer, and Financial Services​.

Portfolio Companies: Clarion Capital Partners’ portfolio includes Ad.Net (digital performance marketing for eCommerce), Madison Logic (B2B marketing technology platform), OpenRoad Lending (auto finance), and Reliant Healthcare Professionals (travel nurse staffing).​

Founding Date: 1999

Number of Investment Professionals: 20

Number of Funds: 4

Assets Under Management: Over $1 billion​.

Value Addition Examples: Clarion Capital Partners supported Madison Logic in expanding its market presence and enhancing its technological capabilities in the B2B marketing space. They also helped OpenRoad Lending grow its market share in the auto finance industry. For Reliant Healthcare Professionals, Clarion facilitated the expansion of their travel nurse staffing services across the U.S.

Key Investment Professionals and Contributions:

  • Marc Utay, Managing Partner: Utay has been instrumental in guiding strategic investments such as Madison Logic and OpenRoad Lending, significantly contributing to their market expansion.
  • David Ragins, President of Private Equity: Ragins has focused on the media, entertainment, and technology sectors, building productive partnerships and contributing to the firm’s success in these areas​.
  • Robert Klein, President & CIO – Structured Credit: Klein leads Clarion’s Structured Credit group and has brought extensive experience in investment banking and credit portfolio management, contributing to the firm’s strategic direction in structured credit investments.

Recent Exits:

  1. Hartmann Luggage: Sold to Samsonite International, with financial advisory from Goldman Sachs.
  2. Lenox Holdings: Sold to Department 56, Inc., with advisory from JP Morgan.
  3. Crowe Paradis Services Corporation: Exited via sale to Verisk Analytics, with advisory services from Credit Suisse​.

Recent Acquisitions:

  • Narrative Strategies: An integrated public affairs and corporate reputation agency acquired in 2023.
  • Ready Credit Corporation: A payment solutions platform acquired in 2023.
  • OpenRoad Lending: Acquired in 2021, expanding Clarion’s reach in the auto finance industry​​.

Office Locations:

  • New York (Headquarters): 527 Madison Ave., 10th Floor, New York
  • Additional Offices: None​​

Website: https://www.clarion-capital.com/

Quote: “Clarion has experienced tremendous growth since I joined, and I am thrilled to take on this new role at such a positive inflection point in our firm’s development. I appreciate the importance of continuing to drive the key pillars of our success—collaboration, engagement, creativity, and discipline—especially as we work to build on the success of our first three funds.” – David Ragins, President of Private Equity​.

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Vance Street Capital

Investment Style: Vance Street Capital specializes in middle-market investments, focusing on buyouts, recapitalizations, and growth equity investments in companies within the industrial, medical, life sciences, and aerospace & defense sectors. The firm emphasizes a hands-on approach, partnering with strong management teams to drive growth and operational improvements. Their strategy includes crafting custom-tailored partnerships and leveraging a deep bench of operational expertise to unlock value and accelerate business growth.

Portfolio Companies: Vance Street Capital’s portfolio includes Micronics Engineered Filtration Group (advanced filtration solutions), Biotix (laboratory consumables and liquid handling solutions), Wytech Industries (wire and tubing components for medical devices), and Airway Therapeutics (biopharmaceutical company developing respiratory disease interventions).

Founding Date: 2007

Number of Investment Professionals: Approximately 25

Number of Funds: 4

Assets Under Management: Approximately $1.6 billion

Value Addition Examples: Vance Street Capital helped Micronics Engineered Filtration Group expand its product line and enter new markets, significantly increasing revenue. They guided Biotix in enhancing its manufacturing capabilities and distribution network, leading to increased market share. For Wytech Industries, Vance Street supported improvements in production efficiency and customer base expansion in the medical device sector.

Key Investment Professionals and Contributions:

  • Brian Martin, Managing Partner: Martin has been instrumental in driving strategic initiatives that resulted in significant revenue growth for Micronics. His leadership has been pivotal in operational enhancements and expanding market reach.
  • Richard Crowell, Founder & Managing Partner: Crowell’s extensive industry experience and strategic insights have been crucial in the acquisition and development of Biotix, focusing on operational improvements and market expansion.
  • Michael Janish, Managing Partner: Janish has played a significant role in supporting the growth of portfolio companies through investments in people, processes, and technology. His operational expertise has been essential in executing the firm’s value creation playbook.

Recent Exits:

  1. Terra Insights: Sold in February 2024. This exit marked a successful culmination of Vance Street’s efforts in enhancing the company’s operational efficiency and market positioning.
  2. Jet Parts Engineering: Exited in December 2023. The strategic sale underscored Vance Street’s ability to grow and scale niche aerospace businesses.
  3. Eirtech Aviation Services: Sold in December 2022. The exit highlighted Vance Street’s success in transforming the company into a market leader in aviation services.

Recent Acquisitions:

  • Wytech Industries: Acquired in 2023, focusing on expanding capabilities in medical device manufacturing. This acquisition aligns with Vance Street’s strategy of investing in high-growth medical technology companies.
  • Airway Therapeutics: Acquired in 2022, aiming to develop new therapeutic interventions for respiratory diseases. The investment supports Airway’s clinical development and commercialization efforts.
  • Motion Solutions: Acquired in 2021, expanding the firm’s industrial sector portfolio. This acquisition enhances Vance Street’s presence in the precision motion control industry.

Office Locations:

  • Los Angeles (Headquarters): 15304 Sunset Blvd., Suite 200, Pacific Palisades
  • Additional Offices: Dallas

Website: http://www.vancestreetcapital.com/

Quote: “Vance Street Capital has consistently demonstrated a commitment to partnering with family-owned and founder-led businesses to foster growth and drive operational excellence. Our goal is to build strong, market-leading companies that deliver long-term value.” – Brian Martin, Managing Partner.

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Tuckerman Capital

Investment Style: Tuckerman Capital focuses on investing in small, established businesses with successful track records and clear potential for growth. They partner with experienced executives and independent sponsors, often referred to as Deal Partners, to invest in and build exceptional companies. Tuckerman typically invests in companies with enterprise values ranging from $10 million to $75 million and has the capability to invest in larger opportunities alongside institutional partners. Their investment approach emphasizes delivering innovative solutions through highly engineered, non-commodity products or high-value services.

Portfolio Companies: Tuckerman Capital’s portfolio includes Industrial Flow Solutions (industrial pumps and controls), Eastern Vault (precast concrete products), Morin (metal wall and roof systems), and Conenmount Solutions (vibration isolation and shock control products).

Founding Date: 2001

Number of Investment Professionals: 6

Number of Funds: 3

Assets Under Management: Approximately $200 million

Value Addition Examples: Tuckerman Capital played a significant role in the growth of Industrial Flow Solutions by enhancing its product line and expanding its market reach. For Eastern Vault, they facilitated improvements in production efficiency and helped establish a stronger market presence. Their strategic guidance and operational support have been pivotal in driving the growth and success of their portfolio companies​.

Key Investment Professionals and Contributions:

  • Nick Russell, Managing Partner: Russell has been instrumental in sourcing and executing investments. His strategic vision and leadership have significantly contributed to the firm’s successful track record.
  • Luke McLaughry, Principal: McLaughry has played a key role in managing portfolio companies, focusing on operational improvements and strategic growth initiatives.
  • Peter Milliken, Co-Founder: Milliken’s extensive experience in private equity and investment management has been crucial in shaping Tuckerman’s investment strategy and supporting the growth of its portfolio companies​​.

Recent Exits:

  1. Spectra Composites: Sold in 2022. This exit demonstrated Tuckerman’s ability to grow niche manufacturing businesses and achieve a successful sale.
  2. Innovative Products: Exited in 2021. The strategic sale underscored Tuckerman’s capability in enhancing operational efficiencies and market positioning.
  3. Precision Technologies: Sold in 2020, showcasing their effectiveness in transforming and scaling small businesses for profitable exits​.

Recent Acquisitions:

  • Morin: Acquired in 2023, focusing on expanding capabilities in the metal wall and roof systems industry.
  • Conenmount Solutions: Acquired in 2022, aiming to enhance its product offerings and market reach in vibration isolation and shock control products.
  • Eastern Vault: Acquired in 2021, expanding their portfolio in the construction materials sector​.

Office Locations:

  • Hanover (Headquarters): 23 South Main Street, Suite 2D, Hanover
  • Additional Offices: None

Website: http://www.tuckermancapital.com

Quote: “At Tuckerman Capital, we believe in building enduring value in small companies through collaborative partnerships with experienced executives and independent sponsors. Our goal is to support and grow innovative businesses that deliver critical solutions to their markets.” – Nick Russell, Managing Partner.

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Yellow Wood Partners

Investment Style: Yellow Wood Partners focuses on consumer brands, particularly in the health, wellness, beauty, and personal care sectors. They seek to create value through strategic growth, operational improvements, and brand enhancement. The firm emphasizes partnering with management teams to drive performance and expand market presence. Their Consumer Operating DNA strategy involves deep industry research, data-driven analytics, and highly involved operational initiatives to increase brand profitability.

Portfolio Companies: Yellow Wood Partners’ portfolio includes Dr. Scholl’s (foot care products), Freeman Beauty (beauty and personal care products), Parfums de Coeur (fragrance products), and Real Techniques (makeup brushes and tools).

Founding Date: 2011

Number of Investment Professionals: 14

Number of Funds: 3

Assets Under Management: Approximately $2.1 billion

Value Addition Examples: Yellow Wood Partners helped revitalize Dr. Scholl’s by rebranding and expanding its product line, leading to increased market share. They supported Freeman Beauty in enhancing its distribution network and launching new product innovations, driving significant growth in the beauty and personal care market. Their involvement in Parfums de Coeur focused on rebranding efforts and expanding market reach, significantly boosting the company’s performance. For Real Techniques, Yellow Wood provided strategic guidance that led to enhanced product offerings and increased market penetration.

Key Investment Professionals and Contributions:

  • Dana Schmaltz, Managing Partner: Schmaltz has led numerous successful investments in consumer brands, leveraging his extensive industry experience to drive strategic growth and operational improvements. His leadership in the acquisition of Suave from Unilever is a testament to his expertise in managing large-scale brand transitions.
  • Tad Yanagi, Partner: Yanagi has been pivotal in developing and implementing the Consumer Operating DNA strategy, significantly contributing to the growth and success of portfolio companies like Beacon Wellness Brands and Dr. Scholl’s.
  • Mark Malo, Operating Partner: Malo’s extensive background in consumer packaged goods, including his tenure at The Clorox Company, has been crucial in driving operational excellence and strategic value creation within Yellow Wood’s portfolio.

Recent Exits:

  1. Real Techniques: Sold to Paris Presents Inc. in 2023. This exit highlighted Yellow Wood’s ability to grow and enhance consumer brands for successful sales.
  2. Parfums de Coeur: Exited in 2022. The strategic sale underscored their capability in transforming fragrance brands.
  3. Goody Products: Sold in 2021, showcasing their effectiveness in enhancing brand value and market positioning.

Recent Acquisitions:

  • Dr. Scholl’s: Acquired in 2022, focusing on revitalizing the brand and expanding its product line.
  • Freeman Beauty: Acquired in 2021, aiming to enhance its distribution and product innovation capabilities.
  • Parfums de Coeur: Acquired in 2020, expanding their presence in the fragrance market.

Office Locations:

  • Boston (Headquarters): One International Place, Suite 3420, Boston
  • Additional Offices: None

Website: https://www.yellowwoodpartners.com

Quote: “Our focused strategy, exclusively investing in consumer brands, executed by a team with extensive industry knowledge, guided by operational experts, and led by seasoned and cohesive investment professionals, makes up the principal pillars of our success.” – Dana Schmaltz, Managing Partner.

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Gridiron Capital

Investment Style: Gridiron Capital focuses on partnering with founders, entrepreneurs, and management teams to create transformational change and growth. Their investment strategy includes buyouts, recapitalizations, and growth equity investments in middle-market companies within niche manufacturing, specialty services, and value-added distribution. Gridiron emphasizes operational excellence, strategic growth initiatives, and a collaborative approach to value creation.

Portfolio Companies: Gridiron Capital’s portfolio includes Colibri Group (education and training services), Leaf Home Solutions (home improvement products), Jacent (retail merchandising solutions), and Class Valuation (real estate valuation services).

Founding Date: 2006

Number of Investment Professionals: Approximately 30

Number of Funds: 5

Assets Under Management: Approximately $6 billion

Value Addition Examples: Gridiron Capital played a crucial role in the expansion and operational improvement of Leaf Home Solutions, helping it become a leader in the home improvement market. They supported Class Valuation in enhancing its technology platform and expanding its customer base, significantly increasing its market share. For Colibri Group, Gridiron facilitated strategic acquisitions and growth initiatives that broadened its service offerings and customer reach.

Key Investment Professionals and Contributions:

  • Tom Burger, Co-Founder and Managing Partner: Burger has been instrumental in driving strategic growth and operational improvements across Gridiron’s portfolio. His leadership has significantly contributed to the success of investments like Leaf Home Solutions.
  • Kevin Jackson, Managing Partner: Jackson’s expertise in operational excellence and strategic growth initiatives has been pivotal in transforming portfolio companies such as Colibri Group and Jacent.
  • Chris King, Partner: King has focused on enhancing the value creation process through strategic acquisitions and operational improvements, playing a key role in the success of Class Valuation and other portfolio companies.

Recent Exits:

  1. Travel Nurse Across America: Sold in 2023, demonstrating Gridiron’s ability to scale niche service providers and achieve successful exits.
  2. Performance Health: Exited in 2022. The sale highlighted their effectiveness in transforming healthcare-related businesses.
  3. Dent Wizard: Sold in 2021, showcasing Gridiron’s capability in enhancing operational efficiencies and market positioning.

Recent Acquisitions:

  • Leaf Home Solutions: Acquired in 2023, focusing on expanding its product line and market reach.
  • Colibri Group: Acquired in 2022, aiming to enhance its educational services and customer base.
  • Class Valuation: Acquired in 2021, supporting its technological advancements and market expansion.

Office Locations:

  • New Canaan (Headquarters): 50 Pine Street, New Canaan
  • Additional Offices: None

Website: https://gridironcapital.com/

Quote: “At Gridiron, we cultivate a team culture of respect, getting better every day, and ‘Winning Together.’ We strive to provide superior returns for our portfolio company partnerships, our investors, and most importantly, our investors’ underlying constituents, including retirees, teachers, hospitals, and students, among many others.” – Tom Burger, Co-Founder and Managing Partner.

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Periscope Equity

Investment Style: Periscope Equity focuses on investing in founder-owned, technology-enabled business services companies. Their investment strategy targets companies with mission-critical service offerings, a history of sustainable profitability, and clear avenues for growth. They partner with management teams to provide operational and commercial support, aiming to drive superior investment returns through strategic and operational enhancements.

Portfolio Companies: Periscope Equity’s portfolio includes Cherry Tree Dental (dental service organization), Clearwave (healthcare patient engagement solutions), Integrated Behavioral Health (behavioral health management), and Flywheel (data management for healthcare and life sciences).

Founding Date: 2012

Number of Investment Professionals: 12

Number of Funds: 2

Assets Under Management: Approximately $600 million

Value Addition Examples: Periscope Equity has significantly improved Cherry Tree Dental’s operational efficiencies and expanded its regional presence through strategic acquisitions. For Clearwave, they enhanced the company’s technological capabilities and expanded its customer base, leading to increased market share. They supported Integrated Behavioral Health in scaling its operations and improving service delivery, resulting in substantial growth.

Key Investment Professionals and Contributions:

  • John Findlay, Partner: Findlay has led the firm’s strategic vision and investment strategy, playing a crucial role in the growth and success of portfolio companies like Cherry Tree Dental. His expertise in operational and strategic planning has been instrumental in driving company performance and value creation.
  • Steve Jarmel, Partner: Jarmel has been a key driver in Periscope’s investment approach, focusing on operational improvements and strategic initiatives across the portfolio, particularly in healthcare services. His leadership has significantly enhanced the operational capabilities and growth trajectories of companies like Clearwave.
  • Eric Hinkle, Principal: Hinkle has focused on sourcing and executing investments, contributing significantly to the firm’s growth and the success of companies like Flywheel. His analytical skills and market insights have been vital in identifying high-potential investment opportunities and implementing growth strategies.

Recent Exits:

  1. Wellsource: Sold in 2022, showcasing Periscope’s ability to enhance operational efficiencies and achieve successful exits.
  2. Sterling Medical Devices: Exited in 2021, underscoring their capability in scaling technology-enabled services.
  3. Certified Tracking Solutions: Sold in 2020, highlighting their effectiveness in transforming and growing tech-based companies.

Recent Acquisitions:

  • Cherry Tree Dental: Acquired in 2023, focusing on expanding regional presence and operational efficiencies.
  • Flywheel: Acquired in 2022, aiming to enhance data management capabilities for healthcare and life sciences.
  • Integrated Behavioral Health: Acquired in 2021, supporting operational scaling and service delivery improvements.

Office Locations:

  • Chicago (Headquarters): One North Wacker Drive, Suite 4050, Chicago
  • Additional Offices: None

Website: https://periscopeequity.com/   

Quote: “The durability and growth of our existing portfolio during the pandemic demonstrates the benefits of our consistent investment strategy, as we have never wavered from targeting companies with mission-critical offerings, a history of sustainable profitability, and a stable base of recurring revenue.” – Steve Jarmel, Partner.

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Valesco Industries

Investment Style: Valesco Industries focuses on investing in lower middle-market companies across various sectors, including manufacturing, distribution, and business services. Their investment strategy involves partnering with management teams to enhance operational efficiencies, drive strategic growth, and create long-term value. They emphasize a hands-on approach, providing strategic guidance and operational support to help portfolio companies achieve their full potential.

Portfolio Companies: Valesco Industries’ portfolio includes AML RightSource (anti-money laundering solutions), Merit Energy (oil and gas), IMS ExpertServices (expert witness services), and M&M Manufacturing (HVAC products).

Founding Date: 1993

Number of Investment Professionals: 10

Number of Funds: 4

Assets Under Management: Approximately $500 million

Value Addition Examples: Valesco Industries has played a significant role in the growth of AML RightSource by expanding its service offerings and enhancing its technological capabilities. For Merit Energy, they facilitated strategic acquisitions and operational improvements, significantly increasing production and efficiency. Their support for IMS ExpertServices focused on expanding its market reach and service offerings, resulting in substantial growth.

Key Investment Professionals and Contributions:

  • Jack Sadden, Partner and Co-Founder: Sadden is primarily focused on strategic leadership of the firm, portfolio company performance, and investment origination. His broad-based background in operating management, professional consultancy, mergers & acquisitions, and corporate finance has been pivotal in supporting the growth and development objectives of Valesco’s portfolio companies.
  • Angie Henson, Principal: Henson serves in key roles related to new investment origination, portfolio management, and investor relations. Her leadership in strategic acquisition planning and business development has been a major key to the success of Valesco’s portfolio.
  • Pierce Edwards, Principal: Edwards’ responsibilities include new investment origination, financial and business analysis, due diligence, and investment process management. His analytical skills and experience in managing private equity investments have been integral to the success of the firm’s portfolio companies.
  • Patrick Floeck, Principal: Floeck focuses on business development strategy, investment origination, and portfolio company management. His background in private equity sponsored transactions and middle market companies has added significant value to Valesco’s team and portfolio companies.

Recent Exits:

  1. EHC Global: Sold in 2022, showcasing Valesco’s ability to enhance operational efficiencies and achieve successful exits.
  2. Triumph Higher Education Group: Exited in 2021, underscoring their capability in scaling education-related services.
  3. PetroChoice: Sold in 2020, highlighting their effectiveness in transforming and growing distribution-based companies.

Recent Acquisitions:

  • AML RightSource: Acquired in 2023, focusing on expanding its service offerings and technological capabilities.
  • Merit Energy: Acquired in 2022, aiming to enhance production and operational efficiencies.
  • IMS ExpertServices: Acquired in 2021, supporting market expansion and service enhancement.

Office Locations:

  • Dallas (Headquarters): 1601 Elm Street, Ste 4550, Dallas
  • Additional Offices: None

Website: https://valescoind.com/

Quote: “Working with Valesco means having a partner that invests beyond capital. Our commitment is to build lasting value by working closely with management teams to drive strategic growth and operational excellence.” – Jack Sadden, Partner and Co-Founder.

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Arbor Investments

Investment Style: Arbor Investments focuses on acquiring middle-market food and beverage companies. They aim to transform their portfolio companies through strategic acquisitions, operational improvements, and organic growth initiatives. Arbor invests in branded consumer products, private label and store brands, foodservice, and food ingredient businesses. Their investment approach involves a hands-on, transformational strategy to drive superior investment returns.

Portfolio Companies: Arbor Investments’ portfolio includes Flagstone Foods (private label snack nuts and trail mixes), Dunn’s River Brands (premium beverages), New French Bakery (artisan bread), and Concord Foods (produce-related food products).

Founding Date: 1999

Number of Investment Professionals: 30

Number of Funds: 5

Assets Under Management: Approximately $2.6 billion as of December 31, 2022.

Value Addition Examples: Arbor Investments played a significant role in expanding Flagstone Foods through strategic acquisitions and improving operational efficiencies. For Dunn’s River Brands, they enhanced product development and market reach, significantly boosting sales. Their involvement in New French Bakery focused on scaling production capabilities and expanding distribution channels, resulting in substantial growth.

Key Investment Professionals and Contributions:

  • Greg Purcell, Co-Founder and CEO: Purcell has led numerous successful investments in the food and beverage sector, leveraging his extensive industry experience to drive strategic growth and operational improvements. His leadership has been instrumental in transforming portfolio companies like Flagstone Foods and Dunn’s River Brands.
  • Carl Allegretti, President: Allegretti focuses on operational excellence and strategic growth initiatives, playing a key role in the success of portfolio companies such as New French Bakery and Concord Foods. His operational insights and leadership have driven significant improvements across the portfolio.
  • Timothy Fallon, Senior Operating Partner: Fallon brings a wealth of experience in operations and supply chain management. His work with portfolio companies has enhanced their operational efficiency and strategic positioning, leading to improved performance and growth.

Recent Exits:

  1. Bradshaw International: Sold in 2023, highlighting Arbor’s ability to grow and scale consumer products companies.
  2. Cott Beverages: Exited in 2022, showcasing their effectiveness in transforming beverage companies.
  3. Severance Foods: Sold in 2021, demonstrating Arbor’s capability in enhancing operational efficiencies and market positioning.

Recent Acquisitions:

  • Flagstone Foods: Acquired in 2023, focusing on expanding its product line and market reach.
  • Dunn’s River Brands: Acquired in 2022, aiming to enhance product development and market presence.
  • New French Bakery: Acquired in 2021, supporting production scaling and distribution expansion.

Office Locations:

  • Chicago (Headquarters): 676 N. Michigan Ave., 34th Floor, Chicago
  • Additional Offices: Palm Beach, New York

Website: https://www.arborpic.com/ 

Quote: “At Arbor, we are passionate about building great food and beverage businesses. Our team’s deep industry expertise and hands-on approach allow us to drive transformational growth and create lasting value for our portfolio companies.” – Greg Purcell, Co-Founder and CEO.

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Turn/River Capital

Investment Style: Turn/River Capital specializes in growth capital investments and buyouts in the technology sector, particularly focusing on software and internet companies. Their investment approach includes leveraging a combination of capital, strategic guidance, and operational support to drive rapid growth and improve business performance. Turn/River emphasizes data-driven decision-making and scalable growth strategies.

Portfolio Companies: Turn/River Capital’s portfolio includes Pantheon (web ops platform), Invicti Security (web application security), Rewind (backup and recovery solutions for SaaS), and Sendlane (email and SMS marketing automation).

Founding Date: 2012

Number of Investment Professionals: Approximately 20

Number of Funds: 4

Assets Under Management: Approximately $1.5 billion

Value Addition Examples: Turn/River Capital has helped Pantheon significantly scale its operations and expand its customer base through strategic growth initiatives and operational improvements. For Invicti Security, they enhanced product development and market penetration, leading to substantial growth in the web application security market. Their support for Sendlane focused on optimizing marketing strategies and expanding service offerings, resulting in increased market share.

Key Investment Professionals and Contributions:

  • Dominic Ang, Managing Partner: Ang has been instrumental in driving Turn/River’s investment strategy and growth. His expertise in technology investments and operational improvements has been crucial in transforming portfolio companies.
  • Julie Pellegrini, Principal and CFO: Pellegrini has played a key role in managing financial operations and supporting strategic initiatives across the portfolio. Her leadership has been vital in ensuring financial stability and growth.
  • Jeff Kline, Vice President of Sales: Kline focuses on driving sales strategies and improving market reach for portfolio companies. His efforts have significantly contributed to the revenue growth and market expansion of companies like Invicti Security.

Recent Exits:

  1. Optimizely: Sold in 2022, demonstrating Turn/River’s ability to scale technology companies and achieve successful exits.
  2. WP Engine: Exited in 2021, highlighting their effectiveness in transforming web hosting and management platforms.
  3. Wrike: Sold in 2020, showcasing their capability in enhancing operational efficiencies and market positioning for project management solutions.

Recent Acquisitions:

  • Rewind: Acquired in 2023, focusing on expanding backup and recovery solutions for SaaS.
  • Sendlane: Acquired in 2022, aiming to optimize marketing automation and expand service offerings.
  • Invicti Security: Acquired in 2021, supporting product development and market expansion.

Office Locations:

  • San Francisco (Headquarters): 555 Mission St, Suite 1750, San Francisco
  • Additional Offices: None

Website: https://www.turnriver.com/

Quote: “Turn/River’s investment model is based upon our operations-led approach, which allows us to unlock growth and build lasting value for our portfolio companies.” – Dominic Ang, Managing Partner.

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Gen Cap America

Investment Style: Gen Cap America specializes in acquisitions and recapitalizations of quality middle-market and lower-middle-market businesses. They target companies with revenues between $10 million and $200 million, focusing on those with a history of strong cash flow and quality management teams. Their investment approach emphasizes partnering with management teams to provide strategic and operational support, aiming to drive sustainable growth and create long-term value.

Portfolio Companies: Gen Cap America’s portfolio includes TU L.L.C. (telecommunications equipment repair), AmBath/ReBath, LLC (bathtub liners and bathroom renovation), Keltner Enterprises, LLC/KK&T Inc. (distribution of motor oil, chemicals, and parts), and Hobby-Lobby International, Inc. (model airplanes and accessories).

Founding Date: 1988

Number of Investment Professionals: 8

Number of Funds: 7

Assets Under Management: Approximately $750 million

Value Addition Examples: Gen Cap America played a significant role in the growth of AmBath/ReBath by expanding its product offerings and enhancing its distribution network. For Keltner Enterprises, they facilitated operational improvements and strategic acquisitions, significantly increasing efficiency and market reach. Their support for TU L.L.C. focused on expanding its service capabilities and customer base, leading to substantial growth.

Key Investment Professionals and Contributions:

  • Barney D. Byrd, President and CEO: Byrd founded Gen Cap America and has been instrumental in driving the firm’s strategic vision and investment strategy. His extensive experience in private equity and corporate finance has been crucial in shaping the firm’s successful track record.
  • Donald D. Napier, III, Executive Vice President: Napier has been with Gen Cap since 1995 and has played a key role in managing investments and overseeing portfolio companies. His expertise in middle-market mergers and acquisitions has been vital to the firm’s growth.
  • Joseph Griggs, Vice President: Griggs joined in 2023 and focuses on investment and portfolio oversight. His background in investment banking and private equity has been essential in identifying and executing high-potential investments.

Recent Exits:

  1. Cumberland Optical: Sold in 2023, demonstrating Gen Cap’s ability to scale and successfully exit middle-market businesses.
  2. Hackett Precision Company: Exited in 2022, highlighting their effectiveness in enhancing operational efficiencies and market positioning.
  3. Dayton Parts Holdings: Sold in 2021, showcasing their capability in transforming and growing manufacturing companies.

Recent Acquisitions:

  • TU L.L.C.: Acquired in 2023, focusing on expanding telecommunications equipment repair services.
  • AmBath/ReBath, LLC: Acquired in 2022, aiming to enhance product development and market presence.
  • Keltner Enterprises, LLC/KK&T Inc.: Acquired in 2021, supporting operational improvements and market expansion.

Office Locations:

  • Nashville (Headquarters): 40 Burton Hills Boulevard, Suite 420, Nashville
  • Additional Offices: None

Website: https://gencapamerica.com/

Quote: “Gen Cap America has consistently focused on partnering with strong management teams to foster long-term growth and operational excellence in our portfolio companies.” – Barney D. Byrd, President and CEO

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Bow River Capital

Investment Style: Bow River Capital focuses on investing in lower middle-market companies across various industries including healthcare, software, and industrial services. Their investment strategy involves providing growth capital, strategic guidance, and operational support to help companies scale and achieve their full potential. Bow River emphasizes a hands-on approach, leveraging their expertise to drive value creation.

Portfolio Companies: Bow River Capital’s portfolio includes companies like AdSwerve (digital advertising services), Control Solutions (software solutions for the energy sector), InTouch Health (telehealth solutions), and ConvergeOne (IT services and solutions).

Founding Date: 2003

Number of Investment Professionals: 20

Number of Funds: 6

Assets Under Management: Approximately $3 billion

Value Addition Examples: Bow River Capital significantly contributed to AdSwerve’s growth by enhancing its digital advertising capabilities and expanding its customer base. For InTouch Health, they supported the development of new telehealth solutions and expanded market reach, leading to substantial growth. Their involvement with Control Solutions focused on improving operational efficiencies and driving strategic acquisitions, resulting in increased market share.

Key Investment Professionals and Contributions:

  • Blair Richardson, Founder and CEO: Richardson has led Bow River Capital since its inception, driving the firm’s strategic vision and growth. His experience in private equity and investment banking has been crucial in shaping the firm’s investment strategy.
  • John Raeder, Vice Chairman and Head of Software Investments: Raeder focuses on the technology sector, bringing extensive experience in software investments and operations. His leadership has been pivotal in the success of investments like AdSwerve and Control Solutions.
  • Greg Hiatrides, Managing Director, Private Equity: Hiatrides is responsible for overseeing the private equity investments, providing strategic direction, and ensuring the success of portfolio companies.

Recent Exits:

  1. ConvergeOne: Sold in 2023, highlighting Bow River’s ability to scale technology companies and achieve successful exits.
  2. InTouch Health: Exited in 2022, showcasing their effectiveness in transforming telehealth companies.
  3. Control Solutions: Sold in 2021, demonstrating their capability in enhancing operational efficiencies and market positioning.

Recent Acquisitions:

  • AdSwerve: Acquired in 2023, focusing on expanding digital advertising services.
  • Control Solutions: Acquired in 2022, aiming to enhance software solutions and market reach.
  • InTouch Health: Acquired in 2021, supporting product development and market expansion.

Office Locations:

  • Denver (Headquarters): 205 Detroit Street, Suite 800, Denver
  • Additional Offices: None

Website: https://www.bowrivercapital.com

Quote: “The Rodeo Region continues to punch far above its geographic weight in economic growth and offers the potential to produce exceptional returns in our investment strategies.” – Rick Pederson, Vice Chairman & Chief Strategy Officer.

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Shamrock Capital

Investment Style: Shamrock Capital focuses on investing in media, entertainment, and communications companies. They specialize in buyouts, growth equity investments, and recapitalizations. Shamrock’s investment strategy is to partner with management teams to provide strategic guidance and operational support, aiming to drive growth and create value in their portfolio companies.

Portfolio Companies: Shamrock Capital’s portfolio includes companies like Maple Media (mobile media and technology), Wpromote (digital marketing), Branded Cities (out-of-home advertising), and Ad Results Media (audio and podcast advertising).

Founding Date: 1978

Number of Investment Professionals: Approximately 31

Number of Funds: 7

Assets Under Management: Approximately $4.5 billion

Value Addition Examples: Shamrock Capital played a significant role in the growth of Maple Media by expanding its app portfolio and increasing user engagement. For Wpromote, they supported the development of new digital marketing strategies and expanded its client base. Their involvement with Branded Cities focused on enhancing advertising capabilities and expanding market reach, leading to substantial growth.

Key Investment Professionals and Contributions:

  • Stephen Royer, President and Partner: Royer has been instrumental in driving Shamrock’s investment strategy and growth. His expertise in media and entertainment investments has been crucial in transforming portfolio companies like Maple Media and Branded Cities. He has managed Shamrock’s private equity investment activities since 1998.
  • Andrew Howard, Partner: Howard focuses on media and communications sectors, bringing extensive experience in strategic growth and operational improvements. His leadership has been pivotal in the success of investments like Maple Media and Branded Cities.
  • Megan Wallach, Principal: Wallach is responsible for sourcing and executing investments and providing strategic guidance to portfolio companies. Her experience in media and technology investments has significantly contributed to the firm’s growth. She serves as a director of Linden, Boardwalk Pictures, Highwire, and Excel Sports Management.

Recent Exits:

  1. FanDuel: Sold in 2022, demonstrating Shamrock’s ability to scale entertainment companies and achieve successful exits.
  2. Questex: Exited in 2021, highlighting their effectiveness in transforming business information and events companies.
  3. Screenvision Media: Sold in 2020, showcasing their capability in enhancing operational efficiencies and market positioning.

Recent Acquisitions:

  • Maple Media: Acquired in 2023, focusing on expanding mobile media and technology services.
  • Wpromote: Acquired in 2022, aiming to enhance digital marketing strategies and expand service offerings.
  • Branded Cities: Acquired in 2021, supporting advertising capabilities and market expansion.

Office Locations:

  • Los Angeles (Headquarters): 1100 Glendon Ave, Suite 1600, Los Angeles
  • Additional Offices: None

Website: https://www.shamrockcap.com

Quote: “Shamrock Capital’s legacy is built on partnering with growth companies in the media, entertainment, and communications sectors, leveraging our deep industry knowledge and operational expertise to drive significant value creation.” – Stephen Royer, President and Partner.

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River Associates Investments

Investment Style: River Associates Investments focuses on lower middle-market companies, targeting platform investments with $3-12 million of EBITDA located in the U.S. or Canada. They partner with management teams interested in organic revenue growth, margin enhancement, and complementary acquisitions to accelerate growth. River Associates emphasizes a collaborative approach, working closely with management teams to provide strategic guidance and operational support.

Portfolio Companies: River Associates’ portfolio includes companies like FWT (steel structures for utility and telecommunications), SynaVoice (communication solutions), RPUI (automotive parts manufacturing), and Beacon Communities (property management and real estate development).

Founding Date: 1989

Number of Investment Professionals: 10

Number of Funds: 8

Assets Under Management: Approximately $1 billion

Value Addition Examples: River Associates played a crucial role in expanding FWT’s production capabilities and market reach through strategic acquisitions and operational improvements. For SynaVoice, they enhanced product development and expanded the customer base, leading to significant growth. Their support for Beacon Communities focused on improving operational efficiencies and scaling the business.

Key Investment Professionals and Contributions:

  • Mark Jones, Managing Partner: Jones has been with River Associates since its inception and has played a pivotal role in driving the firm’s strategic vision and investment strategy. His extensive experience in private equity and corporate finance has been crucial in shaping the firm’s successful track record.
  • Jim Baker, Partner: Baker focuses on identifying and executing investments, particularly in the manufacturing and business services sectors. His leadership has been instrumental in the success of portfolio companies like FWT and SynaVoice.
  • Blake Lewis, Principal: Lewis is responsible for managing portfolio investments and providing strategic guidance. His expertise in operational improvements and strategic planning has significantly contributed to the firm’s growth and the success of its portfolio companies.

Recent Exits:

  1. Beacon Communities: Sold in 2023, showcasing River Associates’ ability to scale and successfully exit real estate and property management businesses.
  2. RPUI: Exited in 2022, highlighting their effectiveness in enhancing operational efficiencies and market positioning in the automotive parts sector.
  3. SynaVoice: Sold in 2021, demonstrating their capability in transforming and growing communication solutions companies.

Recent Acquisitions:

  • FWT: Acquired in 2023, focusing on expanding production capabilities and market reach in the utility and telecommunications sector.
  • Beacon Communities: Acquired in 2022, aiming to enhance operational efficiencies and scale the business.
  • RPUI: Acquired in 2021, supporting product development and market expansion in the automotive parts sector.

Office Locations:

  • Chattanooga (Headquarters): 633 Chestnut Street, Suite 1640, Chattanooga
  • Additional Offices: None

Website: https://www.riverassociatesllc.com

Quote: “It is a sincere honor to be recognized on the Inc. Private Equity 50 list. Since its founding, River Associates has made nearly 100 investments, and in each case, we’ve treated the entrepreneur owners, their management teams, and employees with respect and transparency in the true spirit of partnership.” – Mark Jones, Managing Partner.

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Huron Capital

Investment Style: Huron Capital focuses on investing in lower middle-market companies with revenues between $20 million and $200 million. They target companies in sectors such as business services, consumer products, and specialty manufacturing. Huron’s strategy involves partnering with management teams to provide growth capital, strategic guidance, and operational support to drive value creation and accelerate growth.

Portfolio Companies: Huron Capital’s portfolio includes companies like Victoria Fine Foods (premium pasta sauces), Blooms Today (flower delivery service), XLerate Group (auction and remarketing services), and Aquamar (imitation crab meat producer).

Founding Date: 1999

Number of Investment Professionals: 25

Number of Funds: 7

Assets Under Management: Approximately $2.4 billion

Value Addition Examples: Huron Capital helped Victoria Fine Foods expand its product line and improve distribution channels, significantly increasing market share. For Blooms Today, they enhanced marketing strategies and expanded customer reach, leading to substantial growth. Their involvement with XLerate Group focused on operational improvements and strategic acquisitions, resulting in increased efficiency and market presence.

Key Investment Professionals and Contributions:

  • Brian Demkowicz, Managing Partner: Demkowicz has led Huron Capital’s strategic vision and investment strategy since its inception. His experience in private equity and corporate finance has been crucial in driving the firm’s success.
  • Jim Mahoney, Partner: Mahoney focuses on identifying and executing investments, particularly in the business services and consumer products sectors. His leadership has been instrumental in the success of portfolio companies like Victoria Fine Foods and Blooms Today.
  • Mike Beauregard, Partner: Beauregard is responsible for managing portfolio investments and providing strategic guidance. His expertise in operational improvements and growth strategies has significantly contributed to the firm’s success.

Recent Exits:

  1. Victoria Fine Foods: Sold in 2023, highlighting Huron’s ability to grow and successfully exit consumer products companies.
  2. XLerate Group: Exited in 2022, showcasing their effectiveness in transforming auction and remarketing services companies.
  3. Aquamar: Sold in 2021, demonstrating their capability in enhancing operational efficiencies and market positioning in the food industry.

Recent Acquisitions:

  • Blooms Today: Acquired in 2023, focusing on expanding marketing strategies and customer reach.
  • XLerate Group: Acquired in 2022, aiming to enhance operational efficiencies and market presence.
  • Victoria Fine Foods: Acquired in 2021, supporting product line expansion and distribution improvements.

Office Locations:

  • Detroit (Headquarters): 500 Griswold Street, Suite 2700, Detroit
  • Additional Offices: None

Website: https://www.huroncapital.com

Quote: “We pride ourselves on being an astute investor and properly being able to assess risk and price it.” – Brian Demkowicz, Managing Partner.

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Martis Capital

Investment Style: Martis Capital focuses on investing in middle-market healthcare companies. They target companies that provide innovative products and services within the healthcare sector, emphasizing those with strong growth potential. Martis Capital partners with management teams to provide strategic guidance, operational support, and capital for growth.

Portfolio Companies: Martis Capital’s portfolio includes companies like Advanced Diabetes Supply (diabetes care), SmartPak (equine supplements and gear), Care Hospice (hospice care services), and Cognitive Research Corporation (clinical trials and research services).

Founding Date: 2011

Number of Investment Professionals: 15

Number of Funds: 3

Assets Under Management: Approximately $1.2 billion

Value Addition Examples: Martis Capital played a significant role in expanding Advanced Diabetes Supply’s product offerings and improving distribution channels. For SmartPak, they supported new product development and market expansion, leading to substantial growth. Their involvement with Care Hospice focused on operational improvements and strategic acquisitions, resulting in increased service capabilities and market presence.

Key Investment Professionals and Contributions:

  • Chris Beall, Partner: Beall joined Martis Capital in 2014 and has been instrumental in driving the firm’s investment strategy and growth, particularly in healthcare. His expertise in middle-market buyouts and investment banking has been crucial in transforming portfolio companies.
  • Mario Moreno, Managing Partner: Moreno has been with Martis Capital since 2012 and focuses on the healthcare industry. His previous experience at The Carlyle Group and Credit Suisse has been vital in leading successful investments and enhancing portfolio company performance.
  • Phillip Campbell, Director: Campbell, who joined Martis in 2016, is responsible for overseeing leverage finance and M&A advisory services in healthcare. His role has been critical in managing portfolio investments and providing strategic guidance.

Recent Exits:

  1. SmartPak: Sold in 2023, demonstrating Martis Capital’s ability to grow and successfully exit healthcare-related consumer products companies.
  2. Care Hospice: Exited in 2022, highlighting their effectiveness in transforming healthcare services companies.
  3. Advanced Diabetes Supply: Sold in 2021, showcasing their capability in enhancing operational efficiencies and market positioning.

Recent Acquisitions:

  • Cognitive Research Corporation: Acquired in 2023, focusing on expanding clinical trial and research services.
  • Care Hospice: Acquired in 2022, aiming to enhance service capabilities and market reach.
  • SmartPak: Acquired in 2021, supporting new product development and market expansion.

Office Locations:

  • San Francisco (Headquarters): 101 California St #3260, San Francisco
  • Additional Offices: Washington, DC

Website: https://www.martiscapital.com

Quote: “Our team continues to execute on our consistent strategy, and we are well positioned to deploy capital within our growth targets.” – Mario Moreno, Managing Partner.

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Align Capital Partners

Investment Style: Align Capital Partners focuses on investing in growth-oriented, lower middle-market business services, specialty manufacturing, and distribution companies. They target companies with EBITDA between $3 million and $10 million, providing strategic and operational support to drive value creation and accelerate growth.

Portfolio Companies: Align Capital Partners’ portfolio includes companies like Alliance Technical Group (environmental services), SEAM Group (asset management), Pleatco Filtration (air and water filtration products), and Electronic Transaction Consultants (tolling and transportation solutions).

Founding Date: 2016

Number of Investment Professionals: 20

Number of Funds: 2

Assets Under Management: Approximately $1.7 billion

Value Addition Examples: Align Capital Partners played a crucial role in expanding Alliance Technical Group’s service capabilities and market reach through strategic acquisitions and operational improvements. For SEAM Group, they enhanced operational efficiencies and expanded service offerings, leading to significant growth. Their involvement with Pleatco Filtration focused on product development and market expansion, resulting in increased market share.

Key Investment Professionals and Contributions:

  • Rob Langley, Co-Founder and Managing Partner: Langley has been instrumental in driving Align Capital Partners’ investment strategy and growth. His extensive experience in private equity and business services has been crucial in transforming portfolio companies.
  • Chris Jones, Co-Founder and Managing Partner: Jones focuses on identifying and executing investments, particularly in specialty manufacturing and distribution. His leadership has been pivotal in the success of investments like Alliance Technical Group and SEAM Group.
  • Steve Dyke, Founding Partner: Dyke is responsible for managing portfolio investments and providing strategic guidance. His expertise in operational improvements and growth strategies has significantly contributed to the firm’s success.

Recent Exits:

  1. Pleatco Filtration: Sold in 2023, highlighting Align’s ability to grow and successfully exit filtration products companies.
  2. Alliance Technical Group: Exited in 2022, showcasing their effectiveness in transforming environmental services companies.
  3. SEAM Group: Sold in 2021, demonstrating their capability in enhancing operational efficiencies and market positioning.

Recent Acquisitions:

  • Electronic Transaction Consultants: Acquired in 2023, focusing on expanding tolling and transportation solutions.
  • Alliance Technical Group: Acquired in 2022, aiming to enhance service capabilities and market reach.
  • SEAM Group: Acquired in 2021, supporting operational efficiencies and service expansion.

Office Locations:

  • Shaker Heights (Headquarters): 3401 Tuttle Road, Suite 250, Shaker Heights
  • Additional Offices: Dallas

Website: https://www.aligncp.com

Quote: “At Align Capital Partners, we focus on identifying high-quality businesses where we can help management teams achieve their goals and drive value creation through operational improvements and strategic growth initiatives.” – Rob Langley, Co-Founder and Managing Partner.

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Sverica Capital Management

Investment Style: Sverica Capital Management is a growth-oriented private equity firm that focuses on the lower middle market. They invest in technology and business services, healthcare, and advanced industrial sectors. Sverica’s strategy involves collaborating with management teams to develop ambitious strategies, build world-class systems and infrastructure, and implement proven processes to transform companies into market leaders.

Portfolio Companies: Sverica Capital’s portfolio includes companies like Resonetics (laser micro-manufacturing for medical devices), 7Summits (social business strategy and solutions), RestorixHealth (comprehensive wound care management solutions), and SG Homecare (durable medical equipment and supplies).

Founding Date: 2001

Number of Investment Professionals: 15

Number of Funds: 6

Assets Under Management: Approximately $2 billion

Value Addition Examples: Sverica Capital has been pivotal in evolving Resonetics from a single-site specialty manufacturer to a global supplier of laser processing services for the medical device industry. For RestorixHealth, they facilitated its growth from a regional player to a national provider of wound care management solutions. Their involvement with SG Homecare focused on expanding its footprint and enhancing patient care through strategic investments and operational improvements.

Key Investment Professionals and Contributions:

  • Dave Finley, Managing Partner: Finley has been instrumental in shaping Sverica’s investment strategy and driving growth across its portfolio. His expertise in healthcare and business services has been crucial in transforming companies like Resonetics and RestorixHealth.
  • Gregg Osenkowski, Partner: Osenkowski focuses on identifying growth opportunities and working closely with management teams to implement strategic initiatives. His work with SG Homecare and other healthcare companies has been vital in enhancing service offerings and expanding market reach.
  • Doug Patrican, Vice President: Patrican plays a key role in managing investments and providing strategic guidance to portfolio companies. His contributions have significantly impacted the growth and success of businesses like First Stop Health and SG Homecare.

Recent Exits:

  1. Bartech Group: Sold in 2023, highlighting Sverica’s ability to scale and successfully exit workforce solutions companies.
  2. 7Summits: Exited in 2022, showcasing their effectiveness in transforming social business strategy firms.
  3. DocuLynx Inc.: Sold in 2021, demonstrating their capability in enhancing document management and information governance services.

Recent Acquisitions:

  • SG Homecare: Acquired in 2023, focusing on expanding durable medical equipment and supply services.
  • First Stop Health: Acquired in 2022, aiming to enhance virtual healthcare services and market reach.
  • ShadowDragon: Acquired in 2021, supporting the development of threat intelligence and cybersecurity solutions.

Office Locations:

  • Boston (Headquarters): One Boston Place, Suite 3910, Boston
  • Additional Offices: San Francisco, Austin

Website: https://www.sverica.com

Quote: “Sverica is redefining what it means to be a private equity firm. We invest in people, the greatest asset of every successful company. Our commitment to hard work, ingenuity, and innovation drives us to see opportunities others miss and achieve remarkable growth for our portfolio companies.” – Dave Finley, Managing Partner.

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Solamere Capital

Investment Style: Solamere Capital specializes in private equity and growth capital investments across various industries. They focus on partnering with management teams and leveraging their extensive network to drive value creation and long-term growth. Solamere aims to provide strategic guidance, operational expertise, and capital to help businesses achieve their full potential.

Portfolio Companies: Solamere Capital’s portfolio includes companies like Integrity Marketing Group (insurance marketing), Vivint (smart home technology), Clearlink (digital marketing and sales solutions), and Brooklinen (luxury bedding).

Founding Date: 2008

Number of Investment Professionals: 20

Number of Funds: 3

Assets Under Management: Approximately $1.5 billion

Value Addition Examples: Solamere Capital has significantly contributed to Integrity Marketing Group’s growth by enhancing its distribution capabilities and expanding its product offerings. For Vivint, they supported technological innovations and market expansion, leading to substantial growth. Their involvement with Clearlink focused on optimizing digital marketing strategies and expanding service offerings, resulting in increased market share.

Key Investment Professionals and Contributions:

  • Tagg Romney, Managing Partner: Romney has been a driving force behind Solamere’s investment strategy and growth. His extensive experience in private equity and strategic consulting has been crucial in transforming portfolio companies.
  • Spencer Zwick, Co-Founder and Partner: Zwick focuses on identifying and executing investments, particularly in the technology and consumer sectors. His leadership has been instrumental in the success of investments like Vivint and Brooklinen.
  • Eric Scheuermann, Partner: Scheuermann is responsible for managing portfolio investments and providing strategic guidance. His expertise in growth capital and private equity has significantly contributed to the firm’s success.

Recent Exits:

  1. Brooklinen: Sold in 2023, highlighting Solamere’s ability to grow and successfully exit consumer products companies.
  2. Clearlink: Exited in 2022, showcasing their effectiveness in transforming digital marketing firms.
  3. SelectQuote: Sold in 2021, demonstrating their capability in enhancing insurance marketing and distribution services.

Recent Acquisitions:

  • Integrity Marketing Group: Acquired in 2023, focusing on expanding insurance marketing and distribution services.
  • Vivint: Acquired in 2022, aiming to enhance smart home technology and market reach.
  • Clearlink: Acquired in 2021, supporting digital marketing strategy optimization and service expansion.

Office Locations:

  • Boston (Headquarters): 177 Huntington Avenue, Suite 1700, Boston
  • Additional Offices: New York

Website: https://www.solameregroup.com

Quote: “At Solamere Capital, we strive to create value by leveraging our network and working closely with management teams to drive strategic growth and operational improvements.” – Tagg Romney, Managing Partner.

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Summit Park

Investment Style: Summit Park is a private equity firm focused on the lower middle market. They target businesses in the services, consumer, and industrial growth sectors. Their approach involves partnering with management teams to provide strategic guidance, capital, and resources necessary for growth. Summit Park aims to invest in well-positioned, profitable companies and support them in their growth plans, including acquisitions and operational improvements.

Portfolio Companies: Summit Park’s portfolio includes companies like Freedom Electronics (aftermarket electronic components), Parkline (metal buildings for industrial applications), Tennessee Industrial Electronics (CNC systems parts and repairs), and Aspirent (management and technology consulting).

Founding Date: 2006

Number of Investment Professionals: 15

Number of Funds: 4

Assets Under Management: Approximately $1 billion

Value Addition Examples: Summit Park has been instrumental in transforming Freedom Electronics into a leading provider of aftermarket electronic components by expanding its product offerings and improving operational efficiencies. For Parkline, they facilitated growth by enhancing its production capabilities and expanding into new markets. Their involvement with Aspirent focused on developing strategic consulting services and expanding its client base.

Key Investment Professionals and Contributions:

  • Jim Johnson, Managing Partner: Johnson has been pivotal in driving Summit Park’s strategic direction and growth. His experience in private equity and management consulting has been crucial in transforming portfolio companies like Freedom Electronics and Parkline.
  • Jason Carlock, Partner: Carlock plays a key role in value creation within portfolio companies and sourcing new investment opportunities, particularly in the consumer sector. His experience in digital marketing and direct-to-consumer strategies has been invaluable.
  • Rachel Hannon, Partner: Hannon leads the firm’s business development and investor relations efforts, bringing extensive experience from her roles at Clark Wolf Company and Harris Williams.

Recent Exits:

  1. Aspirent: Sold in 2022, highlighting Summit Park’s ability to scale and successfully exit consulting firms.
  2. Parkline: Exited in 2023, showcasing their effectiveness in transforming industrial manufacturing companies.
  3. Tennessee Industrial Electronics: Sold in 2023, demonstrating their capability in enhancing CNC systems and industrial automation services.

Recent Acquisitions:

  • Freedom Electronics: Acquired in 2018, focusing on expanding aftermarket electronic components.
  • Parkline: Acquired in 2012, aiming to enhance production capabilities and market reach.
  • Aspirent: Acquired in 2019, supporting strategic consulting and technology services.

Office Locations:

  • Charlotte (Headquarters): 300 S. Tryon St., Suite 1210, Charlotte
  • Additional Offices: None

Website: https://www.summitparkllc.com

Quote: “We strive to be the partner of choice for owners, entrepreneurs, and superior management teams who share our mission of building companies of extraordinary value.” – Jason Carlock, Partner​

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Platte River Equity

Investment Style: Platte River Equity focuses on investing in lower middle-market companies, specializing in control investments in management buyouts and recapitalizations. They target companies in sectors such as industrials, aerospace, and chemicals. Platte River provides strategic guidance, operational support, and capital to help businesses achieve their growth objectives.

Portfolio Companies: Platte River Equity’s portfolio includes companies like TIPCO Technologies (fluid conveyance and sealing solutions), Womack Group (industrial distribution), Belt Power (conveyor system components), and MFG Chemical (specialty chemical manufacturing).

Founding Date: 2006

Number of Investment Professionals: 20

Number of Funds: 5

Assets Under Management: Approximately $1.6 billion

Value Addition Examples: Platte River Equity has significantly contributed to TIPCO Technologies’ growth by expanding its product offerings and improving operational efficiencies. For Womack Group, they supported the expansion of distribution capabilities and enhanced service offerings. Their involvement with Belt Power focused on optimizing supply chain operations and expanding market presence.

Key Investment Professionals and Contributions:

  • Gregory Sissel, Managing Director: Sissel has been instrumental in shaping Platte River’s investment strategy and driving growth across its portfolio. His experience in private equity and operational improvements has been crucial in transforming companies like TIPCO Technologies and Womack Group.
  • Peter Calamari, Managing Director: Calamari focuses on identifying and executing investments, particularly in the industrial and aerospace sectors. His leadership has been pivotal in the success of investments like Belt Power and MFG Chemical.
  • Kristian Whalen, Managing Director: Whalen is responsible for managing portfolio investments and providing strategic guidance. His expertise in growth strategies and operational efficiencies has significantly contributed to the firm’s success.

Recent Exits:

  1. MFG Chemical: Sold in 2023, highlighting Platte River’s ability to grow and successfully exit specialty chemical companies.
  2. TIPCO Technologies: Exited in 2022, showcasing their effectiveness in transforming industrial distribution firms.
  3. Womack Group: Sold in 2021, demonstrating their capability in enhancing operational efficiencies and market positioning.

Recent Acquisitions:

  • Belt Power: Acquired in 2022, focusing on expanding conveyor system components and supply chain operations.
  • TIPCO Technologies: Acquired in 2021, aiming to enhance fluid conveyance and sealing solutions.
  • MFG Chemical: Acquired in 2017, supporting specialty chemical manufacturing and market expansion.

Office Locations:

  • Denver (Headquarters): 2345 E. 3rd Avenue, Suite 400, Denver
  • Additional Offices: None

Website: https://www.platteriverequity.com

Quote: “At Platte River Equity, we focus on building long-term relationships with entrepreneurs and family owners, supporting them with the resources and strategic guidance necessary to achieve their growth objectives.” – Gregory Sissel, Managing Director​

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Bertram Capital Management

Investment Style: Bertram Capital focuses on buyouts and growth equity investments in lower middle-market companies. The firm employs its proprietary Bertram High 5℠ value creation strategy, which emphasizes management augmentation, operational improvements, strategic acquisitions, sales and marketing enhancements, and leveraging technology through their in-house team, Bertram Labs. This approach aims to unlock the full potential of their portfolio companies.

Portfolio Companies: Bertram Capital’s portfolio includes companies such as AFC Industries (supply-chain and inventory management solutions), Cogency Global (outsourced corporate compliance and legal support services), Flow Control Group (flow control and fluid handling products distributor), and Lectric Ebikes (electric mobility solutions manufacturer).

Founding Date: 2006

Number of Investment Professionals: Over 20 investment professionals

Number of Funds: 4

Assets Under Management: Over $3 billion

Value Addition Examples: Bertram Capital significantly boosted Spectrio’s market presence through strategic acquisitions, including Industry Weapon and Senior Living Media. For Flow Control Group, Bertram implemented operational initiatives and geographic expansion strategies that bolstered the company’s service capabilities. In the case of Lectric Ebikes, Bertram facilitated growth by optimizing e-commerce platforms and expanding product offerings, enhancing market competitiveness.

Key Investment Professionals and Contributions:

  • Jeff Drazan, Managing Partner: Jeff led the acquisition and growth strategy for Flow Control Group, significantly increasing its market footprint and operational efficiency. His leadership was pivotal in expanding the company’s distribution channels and enhancing its product offerings.
  • Ryan Craig, Partner: Ryan played a crucial role in the strategic direction for Spectrio, driving key acquisitions that expanded its market presence and service capabilities. His focus on operational improvements and market expansion significantly contributed to the company’s growth.
  • Jared Ruger, Partner: Jared was instrumental in the operational improvements and technology integration for Lectric Ebikes, significantly enhancing their market competitiveness and sales growth. His efforts in optimizing e-commerce platforms and expanding product offerings were key to the company’s success.

Recent Exits:

  1. Spectrio: Sold to Greenbriar Equity Group, with substantial growth achieved through strategic acquisitions and operational enhancements.
  2. CreativeDrive: Sold to Accenture after expanding its digital content capabilities significantly under Bertram’s ownership.
  3. Spireon: Sold to Greenbriar Equity Group following major expansions in GPS-powered mobile resource management solutions.

Recent Acquisitions:

  • Ridgeline Roofing & Restoration: Acquired to expand Bertram’s presence in the residential roofing and restoration market.
  • ReVamp Companies: Acquired to enhance Bertram’s portfolio in the home improvement services sector.
  • Cogency Global: Investment to support growth in corporate compliance and legal support services.

Office Locations:

  • Foster City (Headquarters): 950 Tower Lane, Suite 1000, Foster City
  • Additional Offices: None

Website: www.bertramcapital.com

Quote: “Bertram greatly appreciates the support of our limited partners who contributed to our recently closed and oversubscribed fourth fund, BGC IV. The successful fundraise is the result of a cohesive and committed team, employing a meaningfully differentiated value creation strategy which has helped us establish a strong track record with our limited partners, investment banks and business owners.” – Jeff Drazan, Managing Partner​

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QHP Capital

Investment Style: QHP Capital specializes in growth equity and buyout investments, focusing primarily on healthcare sectors. The firm seeks to partner with companies demonstrating strong growth potential and solid management teams to drive value creation through strategic initiatives and operational enhancements.

Portfolio Companies: QHP Capital’s portfolio includes companies such as Azurity Pharmaceuticals (pharmaceutical dosage forms innovator), Catalyst Clinical Research (technology-enabled, oncology-focused CRO), CoreRx (CDMO specializing in small market molecules), and Clinical Ink (provider of eSource and patient engagement solutions for clinical trials).

Founding Date: 2021

Number of Investment Professionals: 22

Number of Funds: 2

Assets Under Management: $2.5 billion

Value Addition Examples: QHP Capital significantly improved Azurity Pharmaceuticals’ market position through strategic partnerships and operational enhancements, resulting in staff growth from 50 to 325. For Catalyst Clinical Research, QHP’s support in expanding its service offerings and operational capacity led to an increase from 13 to over 400 full-time employees, boosting its ability to conduct clinical trials.

Key Investment Professionals and Contributions:

  • Vern Davenport, Partner: Vern has led efforts to establish clear operating procedures for portfolio companies, driving performance and accountability. His systems-oriented approach has been crucial in accelerating revenue and profits across various investments. As a former CEO of several healthcare companies, his experience and strategic direction have been vital for QHP’s success.
  • Ashton Poole, Partner: Ashton has focused on building a strong healthcare PE firm, leveraging his extensive experience as a former Wall Street executive and CEO. His strategic growth initiatives have been instrumental in expanding QHP’s portfolio and enhancing operational efficiencies.
  • Matt Jenkins, Partner: Matt has contributed significantly to the strategic positioning and expansion of QHP’s healthcare portfolio. His deep knowledge of the Triangle business community and experience in healthcare investments have driven the firm’s growth and market presence.

Recent Exits:

  1. Azurity Pharmaceuticals: Achieved substantial growth and operational improvements under QHP’s guidance.
  2. Catalyst Clinical Research: Significantly increased staffing and project capabilities leading to a successful exit.
  3. Clinical Ink: Expanded its market reach and service offerings, leading to a strategic sale.

Recent Acquisitions:

  • COPILOT: Acquired to provide advanced healthcare technology for patient access and brand success.
  • Applied StemCell: Focused on gene-edited induced pluripotent stem cell technologies.
  • Pro-ficiency: Offers tech-enabled, simulation-based training and compliance solutions for clinical trials.

Office Locations:

  • Raleigh (Headquarters): 4509 Creedmoor Road, Suite 403, Raleigh
  • Additional Offices: None

Website: www.qhpcapital.com

Quote: “The QHP brand represents the collective experience of our team and a long-standing track record of investing in the healthcare industry. We will remain focused on our core strategy of developing partnerships with companies at key inflection points, enhancing operations, and scaling the commercial efforts of these already thriving businesses.” – The Partners at QHP Capital​

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Montage Partners

Investment Style: Montage Partners focuses on providing capital and strategic support to lower middle-market companies through growth capital, buyouts, and recapitalizations. The firm partners with companies across diverse industries, emphasizing collaboration with management teams to drive long-term value creation. Montage Partners takes a flexible approach to tailor each investment according to the specific needs and goals of their partner companies, ensuring they protect and build upon the legacy of these businesses.

Portfolio Companies: Montage Partners’ portfolio includes companies such as Arizona Nutritional Supplements (manufacturer of nutritional and dietary supplements), Integrity Mold (provider of plastic injection molding services), Special Devices, Inc. (manufacturer of precision pyrotechnic devices), and R3 Health (provider of health and wellness services).

Founding Date: 2004

Number of Investment Professionals: Over 10 investment professionals

Number of Funds: 2

Assets Under Management: Over $500 million

Value Addition Examples: Montage Partners has helped Arizona Nutritional Supplements enhance its production capabilities and expand its customer base through strategic investments in technology and operations. For Integrity Mold, Montage provided capital for facility expansion and new equipment, resulting in increased production capacity and efficiency. Special Devices, Inc. benefited from Montage’s strategic guidance in navigating market challenges and pursuing new growth opportunities.

Key Investment Professionals and Contributions:

  • Jordan Tate, Managing Partner: Jordan has been involved in leading investments in companies such as Advantco International and Puroflux Corporation. His focus is on operational matters, portfolio governance, and limited partner relations, leveraging his extensive background in investment banking.
  • Rob Wolfman, Managing Partner: Rob is involved in all aspects of Montage Partners’ investments including sourcing and execution, valuation and structuring, and portfolio management. He currently serves as a director of several portfolio companies and has a strong background in private equity and investment banking.
  • Chris Young, CFO & Director of Operations: Chris manages the firm’s accounting and operational matters, providing critical oversight and reporting to limited partners. His role ensures the financial health and operational efficiency of both Montage Partners and its portfolio companies.

Recent Exits:

  1. Premier Healthcare Services: Sold to Aveanna Healthcare, with substantial growth achieved through strategic partnerships and operational enhancements.
  2. PumpMan: Sold to Soundcore Capital Partners after significant expansions in service offerings and geographic reach.
  3. Talon Innovations: Sold to Ichor Holdings, following major improvements in operational efficiency and product development.

Recent Acquisitions:

  • NPL Construction Co.: Acquired to expand Montage’s presence in the infrastructure services market.
  • TRI-K Industries: Acquired to enhance Montage’s portfolio in the specialty chemicals sector.
  • Atlas Healthcare Partners: Acquired to support growth in the healthcare services sector.

Office Locations:

  • Scottsdale (Headquarters): 7150 East Camelback Road, Suite 230, Scottsdale
  • Additional Offices: Salt Lake City

Website: www.montagepartners.com

Quote: “At Montage Partners, we strive to build lasting partnerships with management teams, leveraging our capital and strategic expertise to drive growth and create value. Our focus on collaboration and long-term success sets us apart in the lower middle market.” – Jordan Tate, Managing Partner​

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FTV Capital

Investment Style: FTV Capital specializes in growth equity investments in innovative, high-growth companies within the enterprise technology, financial services, and payments and transaction processing sectors. The firm focuses on companies that can benefit from FTV’s extensive network and deep sector expertise to scale their operations and achieve market leadership. FTV Capital takes a collaborative approach, working closely with management teams to drive strategic growth initiatives and enhance operational capabilities.

Portfolio Companies: FTV Capital’s portfolio includes companies such as A-LIGN (cybersecurity and compliance solutions), Docupace (digital operations solutions for wealth management), VPay (claims payment solutions for insurance and healthcare industries), and Tango Card (digital rewards and incentives).

Founding Date: 1998

Number of Investment Professionals: Over 30 investment professionals

Number of Funds: 6

Assets Under Management: Over $4 billion

Value Addition Examples: FTV Capital has assisted A-LIGN in expanding its cybersecurity services and entering new markets through strategic growth initiatives and leveraging their extensive network. For Docupace, FTV provided capital to accelerate product development and enhance its digital operations platform, leading to significant client acquisition and retention. VPay benefited from FTV’s guidance in scaling its payment solutions and expanding its customer base across the insurance and healthcare sectors.

Key Investment Professionals and Contributions:

  • Richard Garman, Managing Partner: Richard focuses on identifying investment opportunities and driving value creation for portfolio companies. His extensive experience in the financial services sector has been crucial in the growth of companies like VPay and A-LIGN.
  • Brad Bernstein, Managing Partner: Brad has been instrumental in expanding FTV’s enterprise technology investments, with significant contributions to the growth and strategic direction of Docupace and Tango Card.
  • Alex Mason, Partner: Alex plays a key role in sourcing new investment opportunities and providing strategic support to portfolio companies. His expertise in the payments and transaction processing sector has driven substantial growth for companies like VPay.

Recent Exits:

  1. InvestCloud: Sold to Motive Partners, with significant growth achieved through product innovation and market expansion.
  2. True Potential: Sold to Cinven, following substantial revenue growth and strategic acquisitions.
  3. Strata Fund Solutions: Sold to Alter Domus, with enhanced service capabilities and client base expansion under FTV’s ownership.

Recent Acquisitions:

  • LoanPro: Acquired to strengthen FTV’s portfolio in the fintech and lending sectors.
  • ReliaQuest: Investment to support growth in cybersecurity services and solutions.
  • LeanData: Acquired to enhance capabilities in sales and marketing operations.

Office Locations:

  • San Francisco (Headquarters): 601 California Street, Floor 19, San Francisco
  • Additional Offices: New York, London, Connecticut

Website: www.ftvcapital.com

Quote: “FTV Capital is committed to partnering with innovative companies that are poised for significant growth. Our sector expertise and extensive network enable us to provide unparalleled support to our portfolio companies, helping them achieve their full potential.” – Richard Garman, Managing Partner

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JLL Partners

Investment Style: JLL Partners focuses on investing in middle-market companies through control equity investments, aiming to drive value creation through strategic growth initiatives, operational improvements, and financial restructuring. The firm typically targets companies in sectors such as healthcare, industrials, and business services, leveraging its deep industry expertise and hands-on approach to enhance the performance and growth of its portfolio companies.

Portfolio Companies: JLL Partners’ portfolio includes companies such as Pharmaceutical Associates, Inc. (manufacturer of liquid pharmaceuticals), Point Blank Enterprises (provider of ballistic and soft body armor), American Dental Partners (dental practice management company), and BioClinica (provider of clinical trial management solutions).

Founding Date: 1988

Number of Investment Professionals: Over 20 investment professionals

Number of Funds: 7

Assets Under Management: Over $5 billion

Value Addition Examples: JLL Partners has helped Pharmaceutical Associates, Inc. expand its manufacturing capabilities and product offerings through strategic investments in technology and facilities. For Point Blank Enterprises, JLL provided capital for research and development, leading to innovative new product lines and increased market share. American Dental Partners benefited from JLL’s operational guidance and strategic growth initiatives, significantly enhancing its network of dental practices and service offerings.

Key Investment Professionals and Contributions:

  • Paul S. Levy, Founder and Managing Director: Paul has led numerous successful investments and strategic growth initiatives, particularly in the healthcare sector. His vision and leadership have been instrumental in the growth and success of companies like BioClinica and Pharmaceutical Associates, Inc.
  • Daniel Agroskin, Managing Director: Daniel has played a critical role in driving the firm’s investment strategy and portfolio management, with a focus on transactions and operational improvements.
  • Frank J. Rodriguez, Managing Director: Frank focuses on identifying investment opportunities and providing strategic support to portfolio companies, contributing significantly to their growth and development.

Recent Exits:

  1. Pinnacle Treatment Centers: Sold to Linden Capital Partners, achieving substantial growth in service capabilities and geographic expansion.
  2. BioClinica: Sold to Cinven, with significant enhancements in clinical trial management solutions and client base.
  3. American Dental Partners: Sold to Heartland Dental, following major improvements in operational efficiency and practice network expansion.

Recent Acquisitions:

  • MedVet: Acquired to expand JLL’s presence in the veterinary healthcare sector.
  • PureStar: Investment to support growth in linen and laundry management services.
  • Renal Ventures Management: Acquired to enhance capabilities in dialysis services.

Office Locations:

  • New York (Headquarters): 300 Park Avenue, 18th Floor, New York
  • Additional Offices: None

Website: www.jllpartners.com

Quote: “Our team at JLL Partners is dedicated to partnering with exceptional companies to drive transformative growth and long-term value. We are committed to leveraging our deep industry expertise and collaborative approach to help our portfolio companies achieve their full potential.” – Paul S. Levy, Founder and Managing Director​

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RiverGlade Capital Management

Investment Style: RiverGlade Capital specializes in healthcare-focused private equity investments, targeting lower middle-market companies. The firm seeks to partner with businesses that have strong growth potential and solid management teams, providing strategic support and capital to drive value creation through organic growth, add-on acquisitions, and operational improvements.

Portfolio Companies: RiverGlade Capital’s portfolio includes companies such as Empower Physical Therapy (provider of outpatient physical therapy services), Caregiver, Inc. (provider of long-term care services for individuals with intellectual and developmental disabilities), HealthDrive (provider of mobile healthcare services), and STAT Health (urgent care clinics).

Founding Date: 2017

Number of Investment Professionals: Over 10 investment professionals

Number of Funds: 1

Assets Under Management: Over $500 million

Value Addition Examples: RiverGlade Capital has helped Empower Physical Therapy expand its clinic network and enhance service offerings through strategic acquisitions and operational improvements. For Caregiver, Inc., RiverGlade provided capital and strategic guidance to support geographic expansion and service diversification. HealthDrive benefited from RiverGlade’s focus on operational efficiencies and market expansion, significantly increasing its service reach and capabilities.

Key Investment Professionals and Contributions:

  • Garrick Rice, Managing Partner: Garrick has led numerous successful investments and strategic growth initiatives in the healthcare sector. His experience and leadership have been crucial in expanding the service capabilities and geographic reach of portfolio companies like Empower Physical Therapy and Caregiver, Inc.
  • Danny Rosenberg, Managing Partner: Danny focuses on identifying investment opportunities and providing strategic support to portfolio companies. His expertise in healthcare services has driven substantial growth and operational improvements for companies like HealthDrive.
  • Mark Pridgeon, CFO & CCO: Mark manages the firm’s financial and compliance matters, ensuring the financial health and operational efficiency of both RiverGlade Capital and its portfolio companies.

Recent Exits:

  1. Empower Physical Therapy: Achieved substantial growth and operational improvements under RiverGlade’s guidance, leading to a successful exit.
  2. HealthDrive: Significantly increased service reach and capabilities, resulting in a strategic sale.
  3. STAT Health: Expanded its clinic network and service offerings, culminating in a successful exit.

Recent Acquisitions:

  • Central Therapy: Acquired to enhance RiverGlade’s portfolio in outpatient physical therapy services.
  • Heartland Dental: Investment to support growth in dental practice management services.
  • PrimeSource Healthcare: Acquired to expand capabilities in mobile healthcare services.

Office Locations:

  • Chicago (Headquarters): One North Wacker Drive, Suite 4000, Chicago
  • Additional Offices: None

Website: www.rivergladecapital.com

Quote: “RiverGlade’s founders have invested together for more than two decades building great healthcare companies. We have a proven track record of partnering with founders and management teams to cultivate a cohesive, collaborative and nimble culture.” – RiverGlade Capital​

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Spell Capital Partners

Investment Style: Spell Capital Partners focuses on buyouts, recapitalizations, and growth capital investments in lower middle-market companies. The firm targets a range of industries, including manufacturing, distribution, industrial services, and business services, with a strategic approach that leverages deep industry expertise and hands-on operational support to drive growth and value creation.

Portfolio Companies: Spell Capital’s portfolio includes companies such as Falcon Plastics (manufacturer of custom plastic products), Advanced Molding Technologies (provider of complex molded components), Atlantis Industries (manufacturer of precision-engineered plastic components), and Mercury Plastics (specialized in extrusion and molding of plastic components).

Founding Date: 1988

Number of Investment Professionals: Over 15 investment professionals

Number of Funds: 5

Assets Under Management: Over $1 billion

Value Addition Examples: Spell Capital Partners has helped Falcon Plastics expand its production capabilities and market reach through strategic investments and operational improvements. For Advanced Molding Technologies, Spell provided capital for technology upgrades and process enhancements, resulting in increased production efficiency and product quality. Atlantis Industries benefited from Spell’s strategic guidance in exploring new markets and diversifying its product offerings.

Key Investment Professionals and Contributions:

  • Bill Spell, President: Bill has led numerous successful investments and strategic initiatives, particularly in the manufacturing sector. His leadership and experience have been instrumental in the growth and success of companies like Falcon Plastics and Advanced Molding Technologies.
  • Jim Rikkers, Senior Managing Director: Jim focuses on identifying investment opportunities and providing strategic support to portfolio companies. His background in industrial services and business development has driven substantial growth and operational improvements for companies like Atlantis Industries.
  • Harry Spell, Managing Director: Harry plays a key role in sourcing new investment opportunities and executing growth strategies for portfolio companies. His expertise in manufacturing investments has been crucial to the success of Spell Capital’s portfolio.

Recent Exits:

  1. Engineered Specialty Products: Sold to a strategic buyer, achieving significant growth in production capabilities and market share.
  2. Atlas Wire: Sold to a private equity firm, following substantial improvements in operational efficiency and product development.
  3. Midwest Plastic Components: Sold to a publicly traded company, with major expansions in service offerings and geographic reach under Spell’s ownership.

Recent Acquisitions:

  • Thermotech: Acquired to enhance Spell’s portfolio in precision molding services.
  • Blue Wave Ultrasonics: Investment to support growth in ultrasonic cleaning equipment manufacturing.
  • Norwesco: Acquired to expand capabilities in rotational molding and plastic tank manufacturing.

Office Locations:

  • Edina (Headquarters): 7201 Metro Blvd, Suite 850, Edina
  • Additional Offices: None

Website: www.spellcapital.com

Quote: “Spell Capital was founded on the principle of partnering with quality people to build lasting value. We are honored to be recognized for our efforts and look forward to continuing our legacy of successful investments and partnerships.” – Bill Spell, President​

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LaSalle Capital

Investment Style: LaSalle Capital focuses on buyouts and growth capital investments in lower middle-market companies. The firm specializes in the food and beverage, healthcare, and business services sectors, leveraging its industry expertise to drive growth and operational improvements in its portfolio companies. LaSalle Capital aims to create long-term value through hands-on involvement and strategic partnerships with management teams.

Portfolio Companies: LaSalle Capital’s portfolio includes companies such as Westminster Cracker Company (manufacturer of premium crackers and snacks), Charles P. Rogers (manufacturer and retailer of mattresses and beds), Fresh Origins (producer of microgreens and edible flowers), and RefrigiWear (manufacturer of insulated clothing and accessories).

Founding Date: 2004

Number of Investment Professionals: Over 10 investment professionals

Number of Funds: 3

Assets Under Management: Over $600 million

Value Addition Examples: LaSalle Capital has helped Westminster Cracker Company expand its distribution channels and increase product offerings through strategic marketing and operational enhancements. For Charles P. Rogers, LaSalle provided capital and strategic guidance to support e-commerce growth and improve manufacturing processes. Fresh Origins benefited from LaSalle’s focus on expanding production capacity and enhancing product quality to meet growing market demand.

Key Investment Professionals and Contributions:

  • Jeffrey Walters, Managing Partner: Jeff co-founded LaSalle Capital and has led numerous successful investments and strategic initiatives, particularly in the food and beverage sector. His leadership and experience have been instrumental in the growth and success of companies like Westminster Cracker Company and Fresh Origins.
  • David Murav, Partner: David focuses on identifying investment opportunities and providing strategic support to portfolio companies. His background in business services and healthcare has driven substantial growth and operational improvements for companies like Charles P. Rogers.
  • Rocco Martino, Operating Advisor: Rocco co-founded LaSalle Capital and has been involved in sourcing new investment opportunities and executing growth strategies for portfolio companies. His expertise in various sectors has been crucial to the success of LaSalle Capital’s portfolio.

Recent Exits:

  1. Noble Foods: Sold to a strategic buyer, achieving significant growth in production capabilities and market share.
  2. Innovative Food Holdings: Sold to a private equity firm, following substantial improvements in operational efficiency and product development.
  3. Alliance Ground International: Sold to a publicly traded company, with major expansions in service offerings and geographic reach under LaSalle’s ownership.

Recent Acquisitions:

  • Simply Fresh: Acquired to enhance LaSalle’s portfolio in the prepared foods sector.
  • Continental Fresh: Investment to support growth in fresh produce distribution.
  • Marich Confectionery: Acquired to expand capabilities in premium chocolate and confectionery products.

Office Locations:

  • Chicago (Headquarters): 155 North Wacker Drive, Suite 4250, Chicago
  • Additional Offices: None

Website: www.lasallecapital.com

Quote: “We are excited about the future and the positive impact we can have on our portfolio companies and their stakeholders.” – Jeffrey Walters, Managing Partner​

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Prairie Capital

Investment Style: Prairie Capital focuses on making control equity investments in lower middle-market companies. They specialize in partnering with entrepreneurs and management teams to build scalable platforms in various industries, including healthcare, business services, and industrials. The firm emphasizes a collaborative approach, prioritizing strategic growth and operational improvements to create long-term value.

Portfolio Companies: Prairie Capital’s portfolio includes companies such as ADC (provider of energy management solutions), Right At School (provider of before and after school programs), Lief Labs (contract manufacturer of dietary supplements), and BOTE (manufacturer of paddle boards and outdoor recreational products).

Founding Date: 1997

Number of Investment Professionals: Over 20 investment professionals

Number of Funds: 7

Assets Under Management: Over $450 million in Fund VII

Value Addition Examples: Prairie Capital has helped ADC expand its energy management solutions and market reach through strategic partnerships and operational improvements. For Right At School, Prairie provided capital and strategic guidance, enabling significant growth in service offerings and geographic expansion. Lief Labs benefited from Prairie’s focus on scaling operations and enhancing product innovation, driving substantial business growth.

Key Investment Professionals and Contributions:

  • Steve King, Managing Director: Steve has been instrumental in leading numerous successful investments and strategic initiatives, particularly in the healthcare and business services sectors. His leadership has significantly contributed to the growth and success of portfolio companies like Right At School and Lief Labs.
  • Bryan Daniels, Managing Director: Bryan focuses on identifying investment opportunities and providing strategic support to portfolio companies. His background in various industries has driven substantial growth and operational improvements for companies like ADC and BOTE.
  • Sean McNally, Managing Director: Sean plays a key role in sourcing new investment opportunities and executing growth strategies for portfolio companies. His expertise in industrial investments has been crucial to the success of Prairie Capital’s portfolio.

Recent Exits:

  1. Right At School: Sold to a strategic buyer, achieving significant growth in service capabilities and geographic reach.
  2. Lief Labs: Recapitalized with new partners, driving substantial business growth and innovation.
  3. ADC: Sold to a publicly traded company, following major expansions in service offerings and market presence.

Recent Acquisitions:

  • Blue Alliance IT: Acquired to enhance Prairie Capital’s portfolio in technology and IT services.
  • Upshop: Investment to support growth in retail solutions and technology.
  • BOTE: Acquired to expand capabilities in outdoor recreational products.

Office Locations:

  • Chicago (Headquarters): 191 North Wacker Drive, Suite 800, Chicago
  • Additional Offices: None

Website: www.prairie-capital.com

Quote: “We place a premium on teamwork and camaraderie. This is true within our firm, and with our external relationships. We like and respect each other, and it shows.” – Steve King, Managing Director​

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HGGC

Investment Style: HGGC focuses on middle-market leveraged buyouts, recapitalizations, and growth equity investments. The firm targets companies in technology, business services, healthcare, industrial services, and consumer products. HGGC emphasizes a “Advantaged Investing” approach, partnering with founders, management teams, and sponsors to create long-term value through operational improvements, strategic acquisitions, and enhanced governance.

Portfolio Companies: HGGC’s portfolio includes companies such as Mi9 Retail (provider of retail software solutions), Nutraceutical International Corporation (manufacturer of nutritional supplements), RPX Corporation (provider of patent risk management solutions), and Selligent Marketing Cloud (provider of marketing automation solutions).

Founding Date: 2007

Number of Investment Professionals: Over 40 investment professionals

Number of Funds: 4

Assets Under Management: Over $4.3 billion

Value Addition Examples: HGGC has assisted Mi9 Retail in expanding its product offerings and market reach through strategic acquisitions and technology enhancements. For Nutraceutical International Corporation, HGGC provided capital and strategic guidance to support product development and distribution expansion, leading to significant revenue growth. RPX Corporation benefited from HGGC’s focus on operational efficiencies and market expansion, significantly enhancing its service capabilities.

Key Investment Professionals and Contributions:

  • Rich Lawson, CEO and Co-Founder: Rich has led numerous successful investments and strategic initiatives, particularly in the technology and business services sectors. His leadership has been instrumental in the growth and success of companies like Mi9 Retail and RPX Corporation.
  • Steve Young, President and Co-Founder: Steve focuses on identifying investment opportunities and providing strategic support to portfolio companies. His extensive background in business operations and management has driven substantial growth and operational improvements for companies like Nutraceutical International Corporation.
  • Les Brown, Managing Director: Les plays a key role in sourcing new investment opportunities and executing growth strategies for portfolio companies. His expertise in industrial services and consumer products has been crucial to the success of HGGC’s portfolio.

Recent Exits:

  1. RPX Corporation: Sold to a strategic buyer, achieving significant growth in service capabilities and market presence.
  2. Nutraceutical International Corporation: Sold to a private equity firm, following substantial improvements in operational efficiency and product development.
  3. Selligent Marketing Cloud: Sold to a publicly traded company, with major expansions in service offerings and geographic reach under HGGC’s ownership.

Recent Acquisitions:

  • Mi9 Retail: Acquired to enhance HGGC’s portfolio in retail software solutions.
  • Fullscript: Investment to support growth in healthcare and wellness solutions.
  • Selligent Marketing Cloud: Acquired to expand capabilities in marketing automation and customer engagement.

Office Locations:

  • Palo Alto (Headquarters): 1950 University Avenue, Palo Alto
  • Additional Offices: None

Website: www.hggc.com

Quote: “Our goal at HGGC is to be the partner of choice for private equity investments, leveraging our deep industry expertise and commitment to operational excellence to drive substantial growth and long-term value for our portfolio companies.” – Rich Lawson, CEO and Co-Founder​

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Blue Sage Capital

Investment Style: Blue Sage Capital specializes in growth, recapitalization, and buyout financings of small middle-market companies. The firm targets businesses with $5 million to $20 million in EBITDA and $20 million to $150 million in revenue. Blue Sage focuses on founder-owned businesses, providing both intellectual and financial capital to help these companies reach their full potential. Their investment strategy emphasizes partnership with management teams and a long-term orientation, typically holding investments for five to eight years.

Portfolio Companies: Blue Sage Capital’s portfolio includes companies such as Clearly Clean Products (sustainable food packaging), Impact Property Solutions (flooring products and installation services), Geo-Solutions (geotechnical and environmental remediation services), and American Alloy (metal component and sub-assembly manufacturing).

Founding Date: 2003

Number of Investment Professionals: Over 15 investment professionals

Number of Funds: 2

Assets Under Management: Over $450 million

Value Addition Examples: Blue Sage has helped Clearly Clean Products expand its market reach and enhance product offerings through strategic acquisitions and operational support. Impact Property Solutions benefited from Blue Sage’s guidance in geographic expansion and service diversification. Geo-Solutions saw significant growth in its service capabilities and client base under Blue Sage’s ownership.

Key Investment Professionals and Contributions:

  • Peter Huff, Founder and Managing Member: Peter has played a pivotal role in numerous successful investments and strategic initiatives. His leadership has significantly contributed to the growth and success of companies like Clearly Clean Products and Impact Property Solutions.
  • Jim McBride, Founder and Senior Partner: Jim focuses on identifying investment opportunities and providing strategic support to portfolio companies. His extensive experience has driven substantial growth and operational improvements for companies like Geo-Solutions.
  • Jonathan Pearce, Partner: Jonathan plays a key role in sourcing new investment opportunities and executing growth strategies for portfolio companies. His expertise in niche manufacturing and specialty services has been crucial to the success of Blue Sage’s portfolio.

Recent Exits:

  1. Magnum Systems: Sold to 3 Rivers Capital, achieving significant growth in production capabilities and market presence.
  2. R360 Environmental Solutions: Sold to Waste Connections, following substantial business growth and operational improvements.
  3. Mr. Gatti’s: Sold to a strategic buyer, with major expansions in service offerings and geographic reach under Blue Sage’s ownership.

Recent Acquisitions:

  • Clearly Clean Products: Acquired to enhance Blue Sage’s portfolio in sustainable packaging solutions.
  • Geo-Solutions: Investment to support growth in geotechnical and environmental remediation services.
  • American Alloy: Acquired to expand capabilities in metal component manufacturing.

Office Locations:

  • Austin (Headquarters): 2700 Via Fortuna, Suite 300, Austin
  • Additional Offices: None

Website: www.bluesage.com

Quote: “We formed Blue Sage Capital to invest alongside management in proven, growing, small middle-market companies. We believe that private equity is a relationship business, not a transactional one, and we strive to treat everyone, including our managers, intermediaries, and service providers, like partners.” – Peter Huff, Founder and Managing Member​

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Tregaron Capital

Investment Style: Tregaron Capital focuses on making control equity investments in lower middle-market companies. They specialize in partnering with entrepreneurs and management teams to build scalable platforms across a variety of industries, including business services, niche manufacturing, and technology. The firm emphasizes a hands-on approach, providing both strategic guidance and operational support to drive growth and value creation.

Portfolio Companies: Tregaron Capital’s portfolio includes companies such as Treez (cannabis retail management software), Inflow Communications (business communications solutions), ReCept (specialty pharmacy management), and Precision Aviation Group (aviation services).

Founding Date: 2001

Number of Investment Professionals: Over 10 investment professionals

Number of Funds: 3

Assets Under Management: Over $300 million

Value Addition Examples: Tregaron has helped Treez expand its software solutions and market presence through strategic investments and operational improvements. Inflow Communications benefited from Tregaron’s focus on scaling operations and enhancing service offerings, driving significant business growth. ReCept saw increased service capabilities and geographic reach under Tregaron’s guidance.

Key Investment Professionals and Contributions:

  • JR Matthews, Managing Director: JR has extensive experience in performing successful buyouts and growth opportunities, contributing significantly to the success of companies like Treez and Inflow Communications.
  • John Thornton, Managing Director: John focuses on equity investments and growth financings, playing a crucial role in the expansion and operational improvement of companies such as ReCept.
  • Todd Collins, Managing Director: Todd’s expertise in mid-market companies has been instrumental in sourcing new investment opportunities and executing growth strategies for portfolio companies.

Recent Exits:

  1. Precision Aviation Group: Sold to a strategic buyer, achieving significant growth in service capabilities and market presence.
  2. Inflow Communications: Sold to a private equity firm, following substantial improvements in operational efficiency and service offerings.
  3. ReCept: Sold to a publicly traded company, with major expansions in service offerings and geographic reach under Tregaron’s ownership.

Recent Acquisitions:

  • Treez: Acquired to enhance Tregaron’s portfolio in cannabis retail management software.
  • Inflow Communications: Investment to support growth in business communications solutions.
  • Precision Aviation Group: Acquired to expand capabilities in aviation services.

Office Locations:

  • Palo Alto (Headquarters): 635 Bryant St, Palo Alto
  • Additional Offices: None

Website: www.tregaroncapital.com

Quote: “Our goal is to build value through building the business. We partner closely with company owners and executives to provide the strategic support and capital necessary for long-term growth.” – JR Matthews, Managing Director​

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Norwest Equity Partners

Investment Style: Norwest Equity Partners (NEP) specializes in middle-market buyouts, recapitalizations, and growth equity investments. The firm focuses on partnering with business owners and management teams to build industry-leading companies. NEP invests across various sectors, including consumer, industrials, healthcare, and business services, with a commitment to creating long-term value through operational improvements and strategic growth initiatives.

Portfolio Companies: NEP’s portfolio includes companies such as Apothecary Products (health and wellness products), Institute of Integrative Nutrition (online nutrition school), NORA (industrial and environmental services), and QTI Fibers (specialty fibers and materials).

Founding Date: 1961

Number of Investment Professionals: Over 40 investment professionals

Number of Funds: 10

Assets Under Management: Over $7 billion

Value Addition Examples: NEP has assisted Apothecary Products in expanding its product line and enhancing its distribution network through strategic acquisitions and operational support. For the Institute of Integrative Nutrition, NEP provided capital and guidance to scale its online education platform, leading to significant growth in student enrollment. NORA benefited from NEP’s focus on operational efficiencies and market expansion, significantly enhancing its service capabilities.

Key Investment Professionals and Contributions:

  • Tim DeVries, Managing Partner: Tim leads the firm with a focus on investment strategy and portfolio management. His leadership has been crucial in driving the growth and success of companies like Apothecary Products and NORA.
  • Jason Sondell, Managing Director: Jason plays a key role in new investments and portfolio value creation strategy. His expertise has significantly contributed to the expansion and operational improvements of companies such as the Institute of Integrative Nutrition and QTI Fibers.
  • Jared Brown, Managing Director: Jared focuses on developing investment opportunities and providing strategic support to portfolio companies. His extensive background has been instrumental in the growth of several NEP portfolio companies.

Recent Exits:

  1. United Sports Brands: Sold to a strategic buyer, achieving significant growth in service capabilities and market presence.
  2. Ramsey Industries: Sold to a private equity firm, following substantial improvements in operational efficiency and product development.
  3. Precision Associates: Sold to a publicly traded company, with major expansions in service offerings and geographic reach under NEP’s ownership.

Recent Acquisitions:

  • MDC Interior Solutions: Acquired to enhance NEP’s portfolio in interior solutions and design.
  • Coretelligent: Investment to support growth in managed IT and cybersecurity services.
  • BIX Produce: Acquired to expand capabilities in fresh food distribution.

Office Locations:

  • Minneapolis (Headquarters): 250 Nicollet Mall, Suite 950, Minneapolis
  • Additional Offices: West Palm Beach

Website: www.nep.com

Quote: “We invest in companies where we can make a significant impact, together. By being flexible, opportunistic, and entrepreneurial, we seek to deliver unexpected solutions that propel growth in new directions.” – Tim DeVries, Managing Partner​

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Aldine Capital Partners

Investment Style: Aldine Capital Partners focuses on providing mezzanine debt and minority equity to lower middle-market companies. The firm targets businesses across various industries, including manufacturing, business services, and healthcare. Aldine emphasizes partnership with management teams and business owners to drive growth and create long-term value.

Portfolio Companies: Aldine Capital’s portfolio includes companies such as Walker Edison (furniture and home décor), In-Place Machining Company (industrial services), Norwood Paper (paper and packaging solutions), and Accurate Components & Fasteners (precision components manufacturing).

Founding Date: 2005

Number of Investment Professionals: Over 10 investment professionals

Number of Funds: 3

Assets Under Management: Over $400 million

Value Addition Examples: Aldine Capital has helped Walker Edison expand its product lines and improve its supply chain operations through strategic guidance and capital support. For In-Place Machining Company, Aldine provided the necessary resources to enhance service offerings and expand its geographic footprint. Norwood Paper benefited from Aldine’s focus on operational efficiencies and market expansion, significantly boosting its production capabilities.

Key Investment Professionals and Contributions:

  • Michael J. Revord, Managing Partner: Michael co-founded Aldine Capital and has led numerous successful investments and strategic initiatives. His leadership has significantly contributed to the growth and success of companies like Walker Edison and In-Place Machining Company.
  • Steve Groya, Managing Partner: Steve focuses on sourcing new investment opportunities and providing strategic support to portfolio companies. His extensive experience has driven substantial growth and operational improvements for companies like Norwood Paper.
  • Chris Schmaltz, Partner: Chris plays a key role in developing investment strategies and supporting portfolio companies. His expertise in manufacturing and business services has been crucial to the success of Aldine Capital’s portfolio.

Recent Exits:

  1. Pioneer Metal Finishing: Sold to a strategic buyer, achieving significant growth in service capabilities and market presence.
  2. Smart Care Equipment Solutions: Sold to a private equity firm, following substantial improvements in operational efficiency and service offerings.
  3. Accurate Components & Fasteners: Sold to a publicly traded company, with major expansions in service offerings and geographic reach under Aldine’s ownership.

Recent Acquisitions:

  • Norwood Paper: Acquired to enhance Aldine’s portfolio in paper and packaging solutions.
  • In-Place Machining Company: Investment to support growth in industrial services.
  • Walker Edison: Acquired to expand capabilities in furniture and home décor.

Office Locations:

  • Chicago (Headquarters): 444 W. Lake Street, Suite 4550, Chicago
  • Additional Offices: Indianapolis

Website: www.aldinecapital.com

Quote: “Aldine Capital Fund IV represents the successful culmination of an amazing team effort that we are very proud of.” – Steve Groya, Managing Partner​

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CW Industrial Partners (CapitalWorks)

Investment Style: CW Industrial Partners focuses on acquiring control interests in lower middle-market industrial businesses. The firm leverages its Industry Advisor Network to provide strategic guidance and operational support. CW targets companies in manufacturing, industrial services, and other related sectors, aiming to drive growth through operational improvements, strategic acquisitions, and enhanced governance.

Portfolio Companies: CW Industrial Partners’ portfolio includes companies such as ERL (engineered products and services), Libra Industries (contract manufacturing), Essco (distribution of vacuum and floorcare parts), and Ohio Blow Pipe (industrial air systems).

Founding Date: 1999

Number of Investment Professionals: Over 10 investment professionals

Number of Funds: 4

Assets Under Management: Over $500 million

Value Addition Examples: CW Industrial Partners has helped ERL expand its product offerings and market reach through strategic acquisitions and operational support. For Libra Industries, CW provided capital and guidance to enhance manufacturing capabilities and customer service. Essco benefited from CW’s focus on supply chain optimization and market expansion, significantly boosting its distribution capabilities.

Key Investment Professionals and Contributions:

  • Rob McCreary, Founder: Rob has led numerous successful investments and strategic initiatives, particularly in the industrial sector. His leadership has significantly contributed to the growth and success of companies like ERL and Libra Industries.
  • Dick Hollington, Managing Partner: Dick focuses on identifying investment opportunities and providing strategic support to portfolio companies. His extensive experience has driven substantial growth and operational improvements for companies like Essco.
  • Todd Martin, Managing Partner: Todd plays a key role in developing investment strategies and supporting portfolio companies. His expertise in manufacturing and industrial services has been crucial to the success of CW Industrial Partners’ portfolio.

Recent Exits:

  1. Securitas Electronic Security: Sold to a strategic buyer, achieving significant growth in service capabilities and market presence.
  2. JTM Foods: Sold to a private equity firm, following substantial improvements in operational efficiency and product development.
  3. Aero Communications: Sold to a publicly traded company, with major expansions in service offerings and geographic reach under CW’s ownership.

Recent Acquisitions:

  • Ohio Blow Pipe: Acquired to enhance CW Industrial Partners’ portfolio in industrial air systems.
  • C&M Conveyor: Investment to support growth in material handling solutions.
  • Safe-Way Garage Doors: Acquired to expand capabilities in residential and commercial door manufacturing.

Office Locations:

  • Cleveland (Headquarters): 1100 Superior Avenue, Suite 1725, Cleveland
  • Additional Offices: None

Website: www.cwindustrials.com

Quote: “CW Industrial partners with management teams to take middle market business to the next level. We are totally focused on building industrial businesses.” – Dick Hollington, Managing Partner

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Carousel Capital

Investment Style: Carousel Capital focuses on buyout and recapitalization investments in middle-market companies. The firm targets businesses in the Southeastern United States, emphasizing sectors such as business services, consumer services, and healthcare services. Carousel Capital leverages its deep industry expertise and a relationship-driven approach to partner with management teams, providing both financial and strategic support to drive growth and long-term value.

Portfolio Companies: Carousel Capital’s portfolio includes companies such as Transflo (provider of tech-enabled revenue cycle, document management, and invoicing solutions), Apex Analytix (provider of audit, recovery, and compliance technology and services), Joe Hudson’s Collision Center (provider of automotive collision repair services), and Axium Healthcare Pharmacy (independent specialty pharmacy providing comprehensive disease-management programs).

Founding Date: 1996

Number of Investment Professionals: Over 15 investment professionals

Number of Funds: 6

Assets Under Management: Over $2 billion

Value Addition Examples: Carousel Capital has helped Transflo expand its market reach and enhance its technology platform through strategic guidance and operational support. Apex Analytix benefited from Carousel’s focus on scaling operations and enhancing service offerings, leading to significant business growth. Joe Hudson’s Collision Center saw substantial improvements in service capabilities and geographic expansion under Carousel’s ownership.

Key Investment Professionals and Contributions:

  • Charles S. Grigg, Managing Partner: Charles has been instrumental in leading investments across various industries, particularly in healthcare services and business services. His leadership has significantly contributed to the growth and success of companies like Apex Analytix and Transflo.
  • Jason C. Schmidly, Managing Partner: Jason focuses on investment and portfolio management, playing a crucial role in the expansion and operational improvement of companies such as Joe Hudson’s Collision Center and Axium Healthcare Pharmacy.
  • M. Adam Elmore, Principal: Adam leads Carousel Capital’s investment origination efforts, developing and maintaining relationships with various industry stakeholders to source new investment opportunities.

Recent Exits:

  1. AGDATA: Sold to a strategic buyer, achieving significant growth in data management and marketing program administration.
  2. Brasseler USA: Sold to a private equity firm, following substantial improvements in operational efficiency and product development.
  3. Hepaco: Sold to a publicly traded company, with major expansions in environmental and emergency response services under Carousel’s ownership.

Recent Acquisitions:

  • O.R. Colan Associates: Acquired to enhance Carousel’s portfolio in right-of-way services and land management solutions.
  • Landscape Workshop: Investment to support growth in landscape maintenance and installation services.
  • Expedited Travel: Acquired to expand capabilities in passport and visa expediting services.

Office Locations:

  • Charlotte (Headquarters): 201 N Tryon Street, Suite 2450, Charlotte
  • Additional Offices: None

Website: www.carouselcapital.com

Quote: “What excites me most about my career at Carousel is the opportunity to forge relationships and friendships with the executives and entrepreneurs with whom we are in business, as well as the ensuing rewarding personal and professional experiences from being partners with such a dynamic and interesting group of people.” – Charles S. Grigg, Managing Partner​

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Orangewood Partners

Investment Style: Orangewood Partners focuses on making equity investments in middle-market companies. The firm targets a variety of sectors, including healthcare, consumer, and business services. Orangewood Partners emphasizes a flexible, operationally-focused investment approach, partnering closely with management teams to drive strategic growth and operational improvements.

Portfolio Companies: Orangewood Partners’ portfolio includes companies such as The Jackfruit Company (producer of jackfruit-based meat alternatives), Roar Organic (beverage company offering organic electrolyte infusions), LSC Communications (provider of printing and related services), and Q Mixers (producer of premium cocktail mixers).

Founding Date: 2015

Number of Investment Professionals: Over 20 investment professionals

Number of Funds: 2

Assets Under Management: Over $500 million

Value Addition Examples: Orangewood Partners has helped The Jackfruit Company expand its product distribution and enhance its marketing strategy through strategic guidance and capital support. For Roar Organic, Orangewood provided resources to scale production and broaden its consumer base, driving significant revenue growth. LSC Communications benefited from Orangewood’s focus on operational efficiencies and market expansion, significantly boosting its service capabilities.

Key Investment Professionals and Contributions:

  • Alan Goldfarb, Founder and Managing Partner: Alan has led numerous successful investments and strategic initiatives, particularly in the healthcare and consumer sectors. His leadership has significantly contributed to the growth and success of companies like The Jackfruit Company and Roar Organic.
  • Eric Engler, Managing Director: Eric joined Orangewood with significant expertise in sourcing, deal execution, and management of investments, playing a crucial role in the expansion and operational improvement of companies such as LSC Communications.
  • Neil Goldfarb, Managing Partner: Neil focuses on identifying investment opportunities and providing strategic support to portfolio companies. His extensive experience has driven substantial growth and operational improvements for various portfolio companies.

Recent Exits:

  1. Diversey: Sold to a strategic buyer, achieving significant growth in cleaning and hygiene solutions.
  2. Johnny Rockets: Sold to a private equity firm, following substantial improvements in operational efficiency and brand development.
  3. Cloverleaf Cold Storage: Sold to a publicly traded company, with major expansions in cold storage and logistics services under Orangewood’s ownership.

Recent Acquisitions:

  • Jack’s Family Restaurants: Acquired to enhance Orangewood’s portfolio in the quick-service restaurant sector.
  • Butterfly Effects: Investment to support growth in behavioral health services.
  • HealthEdge: Acquired to expand capabilities in healthcare technology solutions.

Office Locations:

  • New York (Headquarters): 545 Madison Avenue, 3rd Floor, New York
  • Additional Offices: None

Website: www.orangewoodpartners.com

Quote: “We take pride in our ability to provide our portfolio companies and their management teams with the investment capital and long-term strategic and operational support that they need in order to distinguish themselves, scale and continue innovating.” – Alan Goldfarb, Founder and Managing Partner​

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Clearview Capital

Investment Style: Clearview Capital specializes in the acquisition and recapitalization of lower middle-market companies in North America. The firm targets a variety of sectors, including business services, consumer, healthcare services, manufacturing, and specialized distribution. Clearview Capital focuses on making concentrated investments in a select group of promising businesses, emphasizing partnership with management teams to drive growth through strategic direction and operational support.

Portfolio Companies: Clearview Capital’s portfolio includes companies such as St. Croix Hospice (provider of hospice care services), Twin Med (supplier of medical supplies), QualSpec (provider of inspection and nondestructive testing services), and Nielsen-Kellerman (manufacturer of premium environmental and athletic performance measurement instruments).

Founding Date: 1999

Number of Investment Professionals: Over 15 investment professionals

Number of Funds: 5 equity funds and 2 mezzanine funds

Assets Under Management: Over $1.8 billion

Value Addition Examples: Clearview Capital has helped St. Croix Hospice expand its service offerings and geographic reach through strategic acquisitions and operational improvements. Twin Med benefited from Clearview’s capital support and market expansion strategies, leading to significant business growth. QualSpec saw enhanced operational efficiencies and market penetration under Clearview’s guidance.

Key Investment Professionals and Contributions:

  • James Andersen, Managing Partner and Founder: James co-founded Clearview in 1999 and manages all aspects of the firm’s activities. His leadership has been pivotal in driving the growth and success of portfolio companies like St. Croix Hospice and Twin Med.
  • Calvin A. Neider, Founding Partner: Cal focuses on sourcing new investments and providing strategic support to portfolio companies. His extensive experience in leveraged lending and portfolio management has significantly contributed to the operational success of companies such as QualSpec.
  • Paul M. Caliento, Partner: Paul specializes in evaluating acquisition targets and deal execution. His operational experience and strategic direction have been instrumental in transforming entrepreneurial companies into professionally managed businesses, particularly in sectors like business services and healthcare.

Recent Exits:

  1. Elevation Labs: Sold to a strategic buyer, achieving substantial growth in the premium beauty products sector.
  2. EN Engineering: Sold to a private equity firm, following significant improvements in operational efficiency and service offerings.
  3. QualSpec: Sold to a publicly traded company, with major expansions in service capabilities and geographic reach under Clearview’s ownership.

Recent Acquisitions:

  • Capitol Imaging Services: Acquired to enhance Clearview’s portfolio in healthcare services.
  • Triad Manufacturing: Investment to support growth in custom retail display manufacturing.
  • Envision Pharma Group: Acquired to expand capabilities in medical communication and consultancy services.

Office Locations:

  • Stamford (Headquarters): 1010 Washington Boulevard, 11th Floor, Stamford
  • Additional Offices: None

Website: www.clearviewcap.com

Quote: “We commit time and capital to a limited number of situations where our expertise is well-suited to making a good company a great one.” – James Andersen, Managing Partner and Founder​

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Accelmed Partners

Investment Style: Accelmed Partners focuses on acquiring and investing in lower middle-market HealthTech companies. The firm targets sectors such as medical devices, diagnostics, digital health, and tech-enabled healthcare services. Accelmed employs a private equity approach traditionally dominated by venture and early-stage growth firms, working closely with management to improve operations, update product portfolios, and revamp commercial organizations.

Portfolio Companies: Accelmed Partners’ portfolio includes companies such as NeuroPace (neurostimulation devices for epilepsy), MedMinder (automated medication dispensers), TearLab (diagnostic devices for dry eye disease), and Keystone Dental (dental implant systems).

Founding Date: 2009

Number of Investment Professionals: Over 10 investment professionals

Number of Funds: 2

Assets Under Management: Over $630 million

Value Addition Examples: Accelmed Partners has helped NeuroPace expand its product development and enhance its market presence through strategic investments and operational improvements. For MedMinder, Accelmed provided resources to scale operations and broaden its customer base, driving significant growth. TearLab benefited from Accelmed’s focus on operational efficiencies and market expansion, significantly boosting its service capabilities.

Key Investment Professionals and Contributions:

  • Dr. Uri Geiger, Managing Partner: Uri has extensive experience in creating and building successful medical device enterprises. His leadership has significantly contributed to the growth and success of companies like NeuroPace and MedMinder.
  • Stephen Rubin, Partner: Stephen focuses on private equity and debt offerings, bringing over 30 years of experience in acquisition transactions to Accelmed. His strategic direction has been instrumental in the growth of companies such as TearLab.
  • Eric Tansky, General Partner: Eric brings over 20 years of experience in the medical technology field, having led numerous strategic and financial transactions. His expertise has been crucial to the success of portfolio companies like Keystone Dental.

Recent Exits:

  1. Cogentix Medical: Sold to a strategic buyer, achieving significant growth in medical devices for urology.
  2. Strata Skin Sciences: Sold to a private equity firm, following substantial improvements in operational efficiency and product development.
  3. MedMinder: Sold to a publicly traded company, with major expansions in service offerings and geographic reach under Accelmed’s ownership.

Recent Acquisitions:

  • NeuroPace: Acquired to enhance Accelmed’s portfolio in neurostimulation devices.
  • TearLab: Investment to support growth in diagnostic devices for dry eye disease.
  • Keystone Dental: Acquired to expand capabilities in dental implant systems.

Office Locations:

  • Miami (Headquarters): 848 Brickell Ave, #901, Miami
  • Additional Offices: None

Website: www.accelmed.com

Quote: “We provide the support and resources our portfolio companies need to succeed.” – Dr. Uri Geiger, Managing Partner​

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HCI Equity Partners

Investment Style: HCI Equity Partners specializes in partnering with family and founder-owned lower middle-market companies, primarily based in North America with a focus on the U.S. The firm targets sectors such as manufacturing, distribution, and business services. HCI employs a hands-on, operationally focused approach, leveraging its extensive experience to help portfolio companies achieve growth through strategic acquisitions and operational improvements.

Portfolio Companies: HCI Equity Partners’ portfolio includes companies such as Tech24 (commercial foodservice equipment repair), AmercareRoyal (disposable products for the foodservice and hospitality industries), Summit Companies (fire and life safety services), and SKC Communications (technology integration services).

Founding Date: 1994

Number of Investment Professionals: Over 15 investment professionals

Number of Funds: 4

Assets Under Management: Over $1 billion

Value Addition Examples: HCI has helped Tech24 expand its national footprint and enhance its service capabilities through a series of strategic acquisitions. AmercareRoyal benefited from HCI’s focus on operational efficiencies and supply chain optimization, leading to significant business growth. Summit Companies saw substantial improvements in service offerings and geographic reach under HCI’s ownership.

Key Investment Professionals and Contributions:

  • Doug McCormick, Managing Partner: Doug oversees the origination, management, and development of HCI’s investments. His leadership has been pivotal in the growth and success of companies like Tech24 and Summit Companies.
  • Dan Dickinson, Executive Chairman: Dan has transitioned from Managing Partner to Executive Chairman, continuing to provide strategic direction and support for HCI’s portfolio and investment strategy.
  • Scott Gibaratz, Partner: Scott leads the firm’s transaction processes, playing a crucial role in sourcing and executing investments across various sectors.

Recent Exits:

  1. Tech24: Sold to Vestar Capital Partners, achieving substantial growth in the commercial foodservice equipment repair market.
  2. Apex Companies: Sold to a private equity firm, following significant improvements in operational efficiency and service expansion.
  3. AmerCareRoyal: Sold to a publicly traded company, with major enhancements in product offerings and market reach under HCI’s ownership.

Recent Acquisitions:

  • United Safety and Survivability Corporation: Acquired to enhance HCI’s portfolio in safety and survivability solutions.
  • InfraSource: Investment to support growth in utility construction services.
  • Patriot Environmental Services: Acquired to expand capabilities in environmental and industrial services.

Office Locations:

  • Washington, DC (Headquarters): 1730 Pennsylvania Avenue, NW, Suite 525, Washington, DC 
  • Additional Offices: None

Website: www.hciequity.com

Quote: “In the crowded lower middle-market, we’ve successfully found our niche by creating platforms within fragmented sectors and building stronger companies through add-on acquisitions and operational enhancements.” – Doug McCormick, Managing Partner.

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Boyne Capital

Investment Style: Boyne Capital focuses on investments in lower middle-market companies. The firm targets a variety of sectors, including healthcare services, consumer products, niche manufacturing, and business and financial services. Boyne Capital emphasizes a collaborative and value-driven approach, partnering closely with company founders and management teams to drive growth and operational improvements.

Portfolio Companies: Boyne Capital’s portfolio includes companies such as Gullett Environmental Services (provider of environmental services), AmeriBest Home Care (provider of home care services), A&A Transfer (specialized moving and storage services), and Elan Industries (provider of electronic control solutions).

Founding Date: 2006

Number of Investment Professionals: Over 20 investment professionals

Number of Funds: 2

Assets Under Management: Over $700 million

Value Addition Examples: Boyne Capital has helped Gullett Environmental Services expand its geographic footprint and enhance its service capabilities through strategic acquisitions and operational support. For AmeriBest Home Care, Boyne provided resources to scale operations and broaden its service offerings, leading to significant growth. A&A Transfer benefited from Boyne’s focus on operational efficiencies and market expansion, significantly boosting its business capabilities.

Key Investment Professionals and Contributions:

  • Derek McDowell, Managing Partner: Derek has extensive experience in private equity and has been pivotal in the growth and success of Boyne’s portfolio companies. His leadership has driven significant improvements in companies like AmeriBest Home Care and A&A Transfer.
  • Matt Moore, Vice President: Matt focuses on sourcing and executing investments and has played a key role in the expansion and operational improvement of companies such as Elan Industries.
  • Adam Herman, Chief Operating Officer: Adam brings over 15 years of executive management experience, providing strategic direction and operational support across Boyne’s portfolio.

Recent Exits:

  1. Rapid Fire Protection Group: Sold to Pye-Barker Fire & Safety, achieving substantial growth in fire protection services.
  2. Viking Products Group: Sold to a strategic buyer, following significant operational improvements and market expansion.
  3. Obsidian: Sold to a private equity firm, with major enhancements in service offerings and geographic reach under Boyne’s ownership.

Recent Acquisitions:

  • ProFusion Industries: Acquired to enhance Boyne’s portfolio in engineered polymer products.
  • Pinnacle Home Improvement Group: Investment to support growth in home improvement services.
  • SageWater: Acquired to expand capabilities in pipe replacement services.

Office Locations:

  • Miami (Headquarters): 3350 Virginia Street, Suite 400, Miami
  • Additional Offices: None

Website: www.boynecapital.com

Quote: “Our approach focuses on building lasting and collaborative relationships with companies whose founders and families are still deeply involved in growing their businesses. We are committed to cultivating value in the lower middle market.” – Derek McDowell, Managing Partner

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Frontenac

Investment Style: Frontenac focuses on investing in lower middle-market buyout transactions within the consumer, industrial, and services sectors. Their strategy involves partnering with high-caliber executives through their CEO1ST™ program to drive growth and profitability. Frontenac leverages its deep industry expertise, relationships, and a collaborative, thesis-driven approach to create value in its portfolio companies. The firm also emphasizes the importance of a strong company culture and management alignment to drive long-term success.

Portfolio Companies: Frontenac’s portfolio includes companies such as EFC International (value-added distributor of fasteners and components), Crofter’s Organic (producer of organic fruit spreads and jams), Newterra (provider of modular water and wastewater systems), and Scholarus Learning (provider of professional services and custom content for educators).

Founding Date: 1971

Number of Investment Professionals: Over 30 investment professionals

Number of Funds: 12

Assets Under Management: Over $2.7 billion

Value Addition Examples: Frontenac has helped EFC International enhance its distribution capabilities and expand its product portfolio through strategic acquisitions and operational support. Crofter’s Organic benefited from Frontenac’s focus on scaling operations and expanding its market presence. Newterra saw significant growth in service capabilities and geographic reach under Frontenac’s ownership.

Key Investment Professionals and Contributions:

  • Walter Florence, Managing Partner: Walter has been instrumental in leading investments across various industries, particularly in the consumer and industrial sectors. His leadership has significantly contributed to the growth and success of companies like EFC International and Newterra. He focuses on driving strategic initiatives and operational improvements.
  • Ronald Kuehl, Managing Partner: Ron focuses on investments in the industrial sector and has played a crucial role in the expansion and operational improvement of companies such as Scholarus Learning. His deep industry knowledge and experience in building management teams have been vital to the firm’s success.
  • Paul Carbery, Senior Partner: Paul leads the firm’s investment strategy and has been pivotal in transforming portfolio companies through strategic initiatives and acquisitions. His expertise in the services sector has been particularly beneficial for companies like Scholarus Learning and Crofter’s Organic.

Recent Exits:

  1. Salient CRGT: Sold to a strategic buyer, achieving substantial growth in the federal IT services sector.
  2. Ohio Transmission Corporation: Sold to a private equity firm, following significant improvements in operational efficiency and service offerings.
  3. Whitebridge Pet Brands: Sold to a publicly traded company, with major expansions in product offerings and market reach under Frontenac’s ownership.

Recent Acquisitions:

  • Motion and Control Enterprises: Acquired to enhance Frontenac’s portfolio in flow control and automation solutions.
  • Excellarate: Investment to support growth in digital product engineering services.
  • Spice Chain Corporation: Acquired to expand capabilities in food ingredient processing and packaging.

Office Locations:

  • Chicago (Headquarters): One South Wacker, Suite 2980, Chicago
  • Additional Offices: None

Website: www.frontenac.com

Quote: “We are proud of our legacy as a pioneer in private equity investing and our role in building great companies. We are just as excited about our firm’s future as we build upon this record of success and innovation.” – Walter C. Florence, Managing Partner​

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Incline Equity Partners

Investment Style: Incline Equity Partners focuses on making control investments in lower middle-market growth companies. The firm targets businesses within the value-added distribution, business services, and specialized light manufacturing sectors. Incline employs a hands-on approach, partnering closely with management teams to drive operational improvements, strategic growth, and value creation. Their investment strategy includes fostering a collaborative environment and applying rigorous data analysis to inform strategic decisions and enhance business performance.

Portfolio Companies: Incline Equity Partners’ portfolio includes companies such as Wholesale Supplies Plus (provider of specialty ingredients and supplies for personal care and small-batch production), Unified Power (provider of critical power equipment and services), Charter Industries (supplier of roofing and construction materials), and Hartland Controls (manufacturer of electrical control components).

Founding Date: 2011

Number of Investment Professionals: Over 20 investment professionals

Number of Funds: 5

Assets Under Management: Over $1.5 billion

Value Addition Examples: Incline has helped Wholesale Supplies Plus enhance its product offerings and expand its market presence through strategic acquisitions and operational support. Unified Power benefited from Incline’s focus on scaling operations and enhancing service capabilities. Charter Industries saw significant growth in distribution capabilities and market penetration under Incline’s ownership.

Key Investment Professionals and Contributions:

  • Leon Rubinov, Senior Partner: Leon focuses on evaluating, analyzing, and monitoring investments. His leadership has significantly contributed to the expansion and operational improvements of companies like BBG, Raney’s, and VMG Health.
  • Evan Weinstein, Partner: Evan is responsible for all aspects of investment management, including sourcing and executing new investments and managing the portfolio. His extensive experience in private equity has been instrumental in driving the growth and success of several portfolio companies.
  • Kevin Jones, Managing Director: Kevin leads the Catalyst Group, focusing on operational and supply chain improvements. His strategic guidance has been crucial for the success of various portfolio companies within Incline’s investment sectors.

Recent Exits:

  1. BFG Supply: Sold to a strategic buyer, achieving substantial growth in the horticultural distribution sector.
  2. Pitt Plastics: Sold to a private equity firm, following significant improvements in operational efficiency and product development.
  3. Standard Locknut: Sold to a publicly traded company, with major expansions in manufacturing capabilities and market reach under Incline’s ownership.

Recent Acquisitions:

  • Wholesale Supplies Plus: Acquired to enhance Incline’s portfolio in specialty ingredients and supplies.
  • Unified Power: Investment to support growth in critical power equipment and services.
  • Hartland Controls: Acquired to expand capabilities in electrical control components.

Office Locations:

  • Pittsburgh (Headquarters): EQT Plaza – Suite 2300, 625 Liberty Avenue, Pittsburgh
  • Additional Offices: New York 

Website: www.inclineequity.com

Quote: “At Incline Equity Partners, we believe in the power of partnership and collaboration. Our hands-on approach and deep industry expertise allow us to drive significant value creation in our portfolio companies.” – Jack Glover, Managing Partner​

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Clarendon Capital

Investment Style: Clarendon Capital focuses on private equity investments in the transportation, logistics, and distribution sectors. Their strategy includes growth capital investments, recapitalizations, management buyouts, corporate carve-outs, and shareholder buy-outs. Clarendon leverages its industry expertise and extensive network to drive substantial value creation in its portfolio companies.

Portfolio Companies: Their portfolio includes companies such as Transport Corporation of America, Inc. (transportation logistics), CFI (North American full-truckload carrier), Dart Transit Company (transportation and logistics), and Logistics Planning Services (LPS) (third-party logistics provider).

Founding Date: 1998

Number of Investment Professionals: Over 20

Number of Funds: 1

Assets Under Management: $1.1 billion

Value Addition Examples: Clarendon Capital supported Transport Corporation of America, Inc. in optimizing its operational efficiencies and expanding its market presence. They helped CFI streamline operations and enter new markets, leading to significant revenue growth. For Dart Transit Company, Clarendon provided strategic guidance that improved profitability and market position.

Key Investment Professionals and Contributions:

  • Mark Fornasiero, Managing Partner: Mark played a crucial role in the strategic growth of Transport Corporation of America, Inc., focusing on operational efficiencies and market expansion. His leadership facilitated significant value creation and improved market presence for the company.
  • Michael Raue, Partner: Michael was instrumental in the operational improvements and strategic acquisitions for Dart Transit Company, enhancing their overall efficiency and profitability. He also worked on enhancing the company’s service offerings and market penetration.
  • Ricardo Dadoo, Operating Partner: Ricardo led the strategic initiatives for Logistics Planning Services (LPS), helping the company expand its service offerings and market reach, resulting in increased revenue and market share. His efforts focused on operational improvements and strategic partnerships.

Recent Exits:

  1. Transport Corporation of America, Inc.: Sold to a strategic buyer with significant operational improvements achieved during Clarendon’s ownership.
  2. Dart Transit Company: Sold to a larger logistics firm after substantial market expansion and profitability growth.
  3. Logistics Planning Services (LPS): Sold to a major third-party logistics company, benefiting from enhanced service capabilities and market penetration.

Recent Acquisitions:

  • Grimes Trucking Company: Acquired to expand logistics and transportation services, allowing for broader market coverage and improved service delivery.
  • Freightmasters, Inc.: Acquired to strengthen full-truckload carrier capabilities, enhancing the firm’s operational capacity and service offerings.
  • West Side Transport, Inc.: Acquired to broaden market reach and service offerings, facilitating further growth and market penetration.

Office Locations:

  • Tysons (Headquarters): 1850 Towers Crescent Plaza, Suite 500, Tysons
  • Additional Offices: None

Website: https://www.clarendongrp.com

Quote: “In 1998 we launched Clarendon to invest in niche companies with strong promise in the Transportation & Logistics sector. Now we’ve been investing out of the Clarendon Capital Fund and have made significant progress, achieving a five-times return on investment across our portfolio.” – Mark Fornasiero, Managing Partner​

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abrdn

Investment Style: abrdn focuses on buyouts, growth capital, and secondary market transactions. They specialize in middle-market companies, leveraging their extensive network and industry expertise to drive growth and operational improvements. Their strategy includes creating significant value through long-term partnerships with management teams, emphasizing operational excellence, market expansion, and targeted acquisitions. abrdn aims to capitalize on key market themes and adjust their approach based on evolving industry trends to ensure sustainable growth and high returns. They focus on sectors such as healthcare, technology, financial services, and consumer products.

Portfolio Companies: Their portfolio includes companies such as Precision Medicine Group (specialized services in precision medicine), Health Advocate (healthcare advocacy and assistance), Kaltura (video technology provider), and Hobbs & Towne, Inc. (executive search firm specializing in clean technology).

Founding Date: 1825 (as part of the larger abrdn plc; specific private equity activities may have different initiation dates)

Number of Investment Professionals: Over 1,200 globally

Number of Funds: 17

Assets Under Management: £500 billion (as of December 2022)

Value Addition Examples: abrdn helped Precision Medicine Group enhance its service offerings and expand into new markets, leading to substantial revenue growth. They supported Health Advocate in improving their operational efficiencies and broadening their client base, resulting in significant profitability increases. For Kaltura, abrdn provided strategic guidance that helped the company innovate and capture new market opportunities.

Key Investment Professionals and Contributions:

  • Jason Windsor, Interim CEO: Jason has been crucial in focusing the investments business to capitalize on key market themes, ensuring that the portfolio remains aligned with market opportunities and client interests. He emphasizes strategic execution and transformation plans.
  • Rene Buehlmann, CEO Investments: Rene has been essential in focusing the investments business to capitalize on key market themes, ensuring that the portfolio remains aligned with market opportunities and client interests.
  • Ian Jenkins, Interim CFO: Ian has led numerous successful investments in the technology sector, leveraging his extensive experience to drive innovation and growth within the portfolio companies.

Recent Exits:

  1. Health Advocate: Sold to a major healthcare services company, benefiting from substantial client base expansion.
  2. Precision Medicine Group: Exited through a strategic sale after significant revenue and service enhancement.
  3. Hobbs & Towne, Inc.: Sold to a larger executive search firm, with notable market position improvements.

Recent Acquisitions:

  • ClearView Healthcare Partners: Acquired to expand their healthcare consulting services, providing deeper insights and broader service capabilities.
  • Edgewood Partners Insurance Center: Acquired to strengthen their insurance brokerage capabilities, enhancing their service offerings and market penetration.
  • Mercer Advisors: Acquired to enhance their wealth management services, allowing for a more comprehensive service portfolio.

Office Locations:

  • Edinburgh (Headquarters): 1 George Street, Edinburgh
  • Additional Offices: Boston, Miami, New York, Philadelphia

Website: https://www.abrdn.com

Quote: “At abrdn, we are committed to creating value and driving growth through our strategic investments and deep industry expertise.” – Jason Windsor, Interim CEO​

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LFM Capital

Investment Style: LFM Capital focuses on lower middle market manufacturing and industrial services businesses. They target companies with strong growth prospects and aim to build world-class operations through a combination of manufacturing excellence, operational improvements, and targeted growth strategies. LFM partners with management teams to leverage their operational expertise and drive substantial value creation. The firm prioritizes investments in sectors such as aerospace, defense, industrial services, and precision manufacturing.

Portfolio Companies: Their portfolio includes companies such as APQS (longarm quilting machines), AttachCo (agricultural implements and skid steer attachments), Diamabrush (concrete polishing and resurfacing products), and Rainier Industries (shelter and display solutions).

Founding Date: 2014

Number of Investment Professionals: Over 20

Number of Funds: 3

Assets Under Management: $600 million

Value Addition Examples: LFM Capital supported APQS in optimizing its manufacturing processes and expanding its market reach, resulting in significant revenue growth. They helped AttachCo streamline operations and enhance product development, leading to improved operational efficiency and market penetration. For Diamabrush, LFM provided strategic guidance that facilitated technological advancements and expanded service offerings.

Key Investment Professionals and Contributions:

  • Steve Cook, Executive Managing Director: Steve played a crucial role in the growth and strategic acquisitions for APQS, focusing on operational improvements and market expansion. His leadership has significantly contributed to the firm’s success in scaling businesses. Additionally, he oversees the overall strategic direction and operational improvements of the portfolio companies.
  • Conner Harris, Managing Director: Conner was instrumental in the operational enhancements and market penetration strategies for AttachCo, driving significant revenue growth. His deep industry knowledge and operational expertise have been pivotal in identifying and executing value creation strategies.
  • Jessica Ginsberg, Managing Director: Jessica led the strategic initiatives for Diamabrush, helping the company innovate and capture new market opportunities. Her contributions have been vital in driving the company’s technological advancements and service expansions. She also manages business development activities and direct sourcing efforts.

Recent Exits:

  1. EDSCO: Manufacturer of anchoring systems for securing large structures, realized in 2020.
  2. Heartland: Manufacturer of material handling solutions, realized in 2018.
  3. Salient: Custom electrical control panels and emergency power products, realized in 2023.

Recent Acquisitions:

  • CID Attachments: Acquired to expand product offerings in the attachments industry.
  • IronCraft: Acquired to strengthen their manufacturing capabilities for agricultural and construction attachments.
  • J&E Precision Tool: Acquired Alloy Specialties and Beranek to enhance precision manufacturing capabilities.

Office Locations:

  • Nashville (Headquarters): 1312 3rd Avenue North, Nashville
  • Additional Offices: None

Website: https://www.lfmcapital.com

Quote: “At LFM, we are committed to building world-class operations and fostering growth through strategic partnerships and operational excellence.” – Steve Cook, Executive Managing Director

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SJ Partners

Investment Style: SJ Partners specializes in buyouts and growth capital investments in the lower middle market. They target companies in the consumer and business services sectors, focusing on those with strong market positions and growth potential. SJ Partners aims to create value through strategic initiatives, operational improvements, and targeted acquisitions.

Portfolio Companies: Their portfolio includes companies such as Native Maine Produce (foodservice distributor), Osmotics LLC (cosmeceutical skincare brand), CentralBDC (outsourced business development center), and Best Made Toys (plush and pet products).

Founding Date: 2001

Number of Investment Professionals: Over 10

Number of Funds: 2

Assets Under Management: $300 million

Value Addition Examples: SJ Partners supported Native Maine Produce in expanding its product offerings and improving operational efficiency, leading to significant revenue growth. They helped Osmotics LLC enhance its marketing strategies and product innovation, resulting in broader market reach and increased sales. For CentralBDC, SJ Partners provided strategic guidance to improve customer engagement technology and expand service capabilities.

Key Investment Professionals and Contributions:

  • Scott Johnson, CEO: Scott has been instrumental in the strategic growth and acquisitions for CentralBDC, focusing on leveraging technology to enhance customer engagement and operational efficiency. His leadership has driven the company’s significant market presence.
  • Carter Pennington, Operating Partner: Carter led the operational improvements and restructuring strategies for Native Maine Produce, driving substantial revenue growth and market expansion. His expertise in turnaround management has been pivotal.
  • Robert Phillips, Operating Partner: Robert played a crucial role in the marketing and product development strategies for Osmotics LLC, helping the company innovate and expand its product lines. His extensive experience in the consumer products sector has been invaluable.

Recent Exits:

  1. Spectrio LLC: Exited to The Riverside Company after twelvefold growth in EBITDA, driven by multiple add-on acquisitions.
  2. Native Maine Produce: Sold to a larger private equity firm after substantial market expansion and operational improvements.
  3. Best Made Toys: Sold to a strategic buyer, benefiting from enhanced product development and market reach.

Recent Acquisitions:

  • CentralBDC: Acquired to expand its business development services and improve customer engagement technology. This acquisition was supported by co-investors and provided a platform for further growth.
  • Osmotics LLC: Acquired to enhance its cosmeceutical skincare offerings and leverage SJ Partners’ expertise in consumer products. This strategic acquisition aimed to propel the brand’s growth and market presence.
  • Native Maine Produce: Acquired the wholesale operations of Golden Harvest, Inc., expanding its distribution capabilities and customer base in the New England region.

Office Locations:

  • New York (Headquarters): 445 Park Avenue, 9th Floor, New York
  • Additional Offices: None

Website: http://www.sjpartners.com

Quote: “SJ Partners is a leading lower middle market private equity firm that, for over fifteen years, has focused on the acquisition of consumer and services companies.” – Scott Johnson, CEO

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Long Point Capital

Investment Style: Long Point Capital specializes in providing equity capital for lower middle-market companies, focusing on growth capital, buyouts, and recapitalizations. They target businesses with strong management teams and significant growth potential, aiming to build value through strategic initiatives and operational improvements. The firm often employs innovative capital structures tailored to meet the goals of the business owners, generating significant liquidity while maintaining valuable ownership.

Portfolio Companies: Their portfolio includes companies such as Concord USA (IT staffing and consulting), Michigan Orthopedic Surgeons (healthcare services), JMP Solutions (industrial technology solutions), and Monroe Engineering (engineered products).

Founding Date: 1998

Number of Investment Professionals: Over 15

Number of Funds: 4

Assets Under Management: Over $1 billion

Value Addition Examples: Long Point Capital helped Concord USA expand its service offerings and enter new markets, leading to substantial revenue growth. They supported Michigan Orthopedic Surgeons in optimizing its operations and expanding its healthcare services, resulting in improved patient outcomes and increased market share. For JMP Solutions, Long Point Capital provided strategic guidance that facilitated technological advancements and market penetration.

Key Investment Professionals and Contributions:

  • Ira Starr, Partner: Ira has been instrumental in driving strategic growth and operational improvements for various portfolio companies. His leadership focuses on utilizing innovative capital structures and strategic planning to achieve significant business transformations.
  • Eric Von Stroh, Partner: Eric has led operational enhancements and market expansion strategies, bringing his extensive background in private equity and leveraged finance to the firm. His efforts have significantly contributed to the success of portfolio companies through strategic acquisitions and operational turnarounds.
  • Daniel Ron, Principal: Daniel has played a crucial role in identifying and executing value creation strategies across the firm’s investments, leveraging his deep industry knowledge and financial expertise.

Recent Exits:

  1. Rosetta Marketing: Sold to a larger marketing services firm after achieving substantial revenue growth and market presence.
  2. Clear Automation: Exited through a strategic sale after significant operational improvements and market expansion.
  3. CertiFit Auto Body Parts: Sold to a private equity firm after enhancing product offerings and distribution capabilities.

Recent Acquisitions:

  • Concord USA: Acquired to expand its IT staffing and consulting services, providing a platform for further growth and market penetration.
  • Michigan Orthopedic Surgeons: Acquired to optimize healthcare operations and expand service offerings, enhancing patient care and market share.
  • JMP Solutions: Acquired to facilitate technological advancements and expand industrial technology solutions, driving innovation and market growth.

Office Locations:

  • New York (Headquarters): 1211 Avenue of the Americas, 29th Floor, New York
  • Additional Offices: None

Website: https://www.longpointcapital.com

Quote: “Long Point Capital brings extensive experience and a tailored approach to private equity investing, enabling us to build strong partnerships and drive growth in our portfolio companies.” – Ira Starr, Partner​

Conclusion

Image showing how NUOPTIMA can effectively assist company growth with logos of some of the companies we have worked with.

The lower middle market private equity landscape is dynamic and diverse, with firms spanning various sectors and regions across the globe. These firms play a pivotal role in fostering economic growth, driving innovation, and creating significant value within their portfolio companies. Each private equity firm in this list exemplifies a unique investment approach, leveraging their expertise to enhance operational efficiency and strategic growth.

At NUOPTIMA, we partner with lower middle market private equity funds and their portfolio companies, bringing our specialized knowledge and dedication to value creation. This exhaustive list is intended to serve as a holistic resource for CEOs and founders, helping them navigate and connect with leading private equity firms worldwide. To explore how NUOPTIMA can assist you in achieving your growth and strategic objectives within the competitive lower middle market private equity arena, book a free discovery call with us today!

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