Middle Market Private Equity Firms

Investment Style: Bregal Partners focuses on growth capital and buyouts for middle-market companies in North America. They emphasize strategic partnerships with management teams to drive growth through operational improvements, market expansion, and targeted acquisitions. The firm is committed to integrating sustainability and high environmental, social, and governance (ESG) standards into their investment approach.

Portfolio Companies: Bregal Partners’ portfolio includes companies such as American Seafoods Group (a leading harvester and processor of wild-caught seafood), Juice It Up! (a smoothie and juice bar chain), Blue Harvest Fisheries (harvests and processes sustainable seafood), and Kettle Cuisine (a manufacturer of refrigerated and frozen soups).

Founding Date: 2012

Number of Investment Professionals: Over 15

Number of Funds: 3

Assets Under Management: Approximately $1.25 billion

Value Addition Examples: Bregal Partners has significantly contributed to American Seafoods Group by implementing sustainability practices and improving operational efficiency, leading to increased market share. For Juice It Up!, the firm supported a brand refresh and market expansion, resulting in substantial revenue growth. They also helped Blue Harvest Fisheries implement sustainable fishing practices, bolstering its reputation and market position.

Key Investment Professionals and Contributions:

• Charles Yoon, Managing Partner: Charles played a pivotal role in Bregal Partners’ investments, including Juice It Up! and Blue Harvest Fisheries. His extensive experience in the private equity space has been instrumental in driving growth and operational improvements across the portfolio. He has overseen strategic initiatives that expanded market reach and enhanced product offerings.
• Kaitlin Sasson, Principal: Kaitlin is responsible for originating, executing, and managing investments. She currently serves on the board of American Seafoods and helps oversee investments in Arcus Hunting and Ruby Slipper Restaurant Group, contributing to strategic growth and operational excellence.
• Daniel Ayeroff, Vice President: Daniel supports Bregal’s investments in TDBBS, My Mochi Ice Cream, JuJuBe, and West Coast Salmon. His expertise in diligence and investment management has been crucial in expanding these companies’ market presence and operational capabilities.

Recent Exits:

1. American Seafoods Group: Sold to an undisclosed buyer with financing led by Wells Fargo. Bregal’s efforts in enhancing operational efficiency and sustainability significantly increased the company’s value.
2. Total Access Elevator: Exited to a strategic acquirer, facilitated by Credit Suisse. Bregal’s guidance in operational improvements made the company an attractive acquisition target.
3. Kettle Cuisine: Sold to a private equity firm, with transaction advisory by Goldman Sachs. Bregal’s support in expanding product lines and market presence contributed to a successful exit.

Recent Acquisitions:

• Juice It Up!: Acquired to support its growth in the health and wellness sector, enhancing its market reach and product offerings.
• Blue Harvest Fisheries: Acquired further sustainable seafood operations to expand its product offerings and market footprint.
• ReMed Recovery Care Centers: Acquired to enhance its behavioral health portfolio, aiming to expand its services and market presence.

Office Locations:

• New York (Headquarters): 200 Park Avenue, 45th Floor, New York
• Additional Offices: None

Website: www.bregalpartners.com 

Quote: “At Bregal, we believe that acting responsibly and being driven by a clear purpose will generate superior risk-adjusted returns for our investors.” – Alain Carrier, CEO, Bregal Investments

Investment Style: Vista Equity Partners specializes in enterprise software, data, and technology-enabled businesses. Their investment approach involves leveraging deep market expertise to drive operational improvements and strategic growth initiatives in their portfolio companies. Vista’s comprehensive playbook focuses on transforming companies into market leaders by optimizing their operations and driving sustainable growth. The firm integrates a disciplined investment approach with a focus on long-term value creation.

Portfolio Companies: Vista’s portfolio includes companies such as CentralSquare Technologies (provides public safety and administration software), Acquia (offers cloud-based digital experience solutions), Infoblox (delivers network control solutions), and Mindbody (provides cloud-based business management software for the wellness industry).

Founding Date: 2000

Number of Investment Professionals: Over 300

Number of Funds: 11

Assets Under Management: Over $100 billion

Value Addition Examples: Vista Equity Partners supported Acquia’s market expansion through strategic acquisitions and product innovation. For Infoblox, Vista’s guidance improved network control solutions, driving substantial growth and market expansion. Vista also assisted CentralSquare Technologies in enhancing their software offerings and market presence.

Key Investment Professionals and Contributions:

• David A. Breach, President and Chief Operating Officer: David oversees Vista’s strategic direction and management. He played a key role in the growth of portfolio companies like EagleView and Solera by implementing strategic initiatives that enhanced operational efficiency and market positioning.
• Lauren Dillard, Senior Managing Director, Chief Financial Officer: Lauren has been pivotal in managing Vista’s financial strategy and governance. Her experience in leading the strategic direction at Nasdaq has significantly contributed to Vista’s financial health and strategic investments.
• Martin Taylor, Senior Managing Director, Co-Head of Foundation Fund: Martin is responsible for overseeing the Foundation Fund and driving value creation across the portfolio. His background in managing corporate strategy at Microsoft has been instrumental in building and scaling Vista’s value creation infrastructure.

Recent Exits:

1. Apptio: Sold to IBM for $4.6 billion, with transaction advisory by Morgan Stanley. Vista’s efforts in enhancing Apptio’s software capabilities and market reach significantly increased its valuation.
2. Mindbody: Exited to a strategic acquirer for $1.9 billion, facilitated by JPMorgan Chase. Vista’s guidance in expanding Mindbody’s product offerings and customer base contributed to a successful exit.
3. Ping Identity: Sold to Thoma Bravo for $2.8 billion with advisory by Goldman Sachs. Vista’s investment in Ping Identity’s security solutions and market expansion made it an attractive acquisition target.

Recent Acquisitions:

• Acquia: Acquired Widen Enterprises to expand its digital asset management capabilities, enhancing its market position and driving digital transformation.
• Infoblox: Acquired Netcordia to enhance its network automation solutions, broadening its product offerings.
• Mindbody: Acquired Booker Software to strengthen its market position in wellness services, expanding its customer base and service capabilities.

Office Locations:

• Austin (Headquarters): 401 Congress Avenue, Suite 3100, Austin
• Additional Offices: Chicago, New York, San Francisco, Hong Kong

Website: www.vistaequitypartners.com

Quote: “At Vista, we strive to be the best in our field by hiring exceptional talent and building industry leaders. Our commitment to excellence and continuous learning sets us apart.” – David A. Breach, President and Chief Operating Officer​

Investment Style: Nautic Partners focuses on middle-market private equity investments across various sectors including healthcare, industrials, and services. They emphasize a collaborative approach with management teams to drive growth through strategic initiatives, operational improvements, and targeted acquisitions. Their strategy includes a focus on long-term value creation and sustainable business practices.

Portfolio Companies: Nautic Partners’ portfolio includes companies such as Endries International (a distributor of fasteners and related products), Spartech (a manufacturer of engineered thermoplastics), Vision Government Solutions (provider of property tax software and services), and Veritas Collaborative (a healthcare organization specializing in eating disorder treatment).

Founding Date: 1986

Number of Investment Professionals: Over 20

Number of Funds: 10

Assets Under Management: Approximately $9.5 billion

Value Addition Examples: Nautic Partners has significantly contributed to Endries International by expanding its distribution network and product offerings, leading to increased market share. For Spartech, the firm supported operational improvements and strategic acquisitions, resulting in substantial growth. They also helped Veritas Collaborative enhance its service offerings and expand into new markets, improving patient outcomes and overall company performance.

Key Investment Professionals and Contributions:

• Chris Crosby, Managing Director: Chris played a pivotal role in the growth of Endries International by leading strategic initiatives that expanded the company’s distribution network and product offerings. His efforts have been instrumental in driving operational improvements and market expansion.
• Scott Hilinski, Managing Director: Scott was instrumental in operational improvements and strategic acquisitions at Spartech, driving significant growth and market expansion. His deep sector expertise and leadership have been crucial to the firm’s success.
• Chris Corey, Managing Director: Chris contributed to the expansion and enhancement of Veritas Collaborative’s services, focusing on operational efficiency and market growth. His strategic vision has helped Veritas Collaborative improve patient outcomes and expand its market presence.

Recent Exits:

1. Accurate Group: Sold to a strategic acquirer, significantly increasing its valuation through operational enhancements and market expansion.
2. LenderLive Network: Exited to a financial services firm after enhancing its service offerings and expanding its client base.
3. Source4Teachers: Sold to a larger educational services provider, with substantial growth achieved through strategic initiatives and operational improvements.

Recent Acquisitions:

• Spartech: Acquired to enhance its capabilities in engineered thermoplastics and expand its market presence.
• Endries International: Acquired additional distribution companies to broaden its product offerings and market reach.
• Censis Technologies: Acquired to support its growth in healthcare technology solutions, enhancing its service offerings and market footprint.

Office Locations:

• Providence (Headquarters): 50 Kennedy Plaza, 17th Floor, Providence
• Additional Offices: None

Website: www.nautic.com

Quote: “Our partnerships form the core of Nautic, including our internal firm talent, limited partners, portfolio company executive teams, and industry relationships. We are excited about the opportunity ahead of us and believe that this relationship will be a valuable resource as we at Nautic continue to work on behalf of all of our constituents to drive investment performance.” – Scott Hilinski, Managing Director​

Investment Style: First Capital Partners focuses on providing mezzanine debt and equity co-investments to support the growth and acquisition needs of middle-market companies. Their investment strategy centers on partnering with management teams to facilitate growth, recapitalizations, and buyouts. They emphasize flexible capital solutions and value-added support to help companies achieve their strategic objectives.

Portfolio Companies: First Capital Partners’ portfolio includes companies such as AIM Aerospace (a manufacturer of advanced composite structures for the aerospace industry), AllOver Media (a provider of out-of-home advertising services), CR Brands (a manufacturer of household cleaning products), and GoodSource Solutions (a foodservice distributor).

Founding Date: 2006

Number of Investment Professionals: Over 10

Number of Funds: 3

Assets Under Management: Approximately $500 million

Value Addition Examples: First Capital Partners has significantly contributed to AIM Aerospace by supporting its expansion into new markets and enhancing its manufacturing capabilities. For AllOver Media, the firm provided strategic guidance to expand its advertising services and geographic footprint. They also assisted CR Brands in launching new product lines and improving operational efficiency.

Key Investment Professionals and Contributions:

• Andrew Kemp, Partner: Andrew has been crucial in leading mergers and acquisitions engagements, such as the successful sale of Natura Pet Products to Procter & Gamble. His strategic oversight has been vital in driving operational improvements and market expansion.
• David McLeese, Partner: David played a significant role in structuring and closing investments that align with the firm’s long-term growth strategies. His leadership has been instrumental in navigating complex financial landscapes and fostering strong client relationships.
• Young Park, Partner: Young has been pivotal in managing investments and working with portfolio companies to enhance operational performance and strategic growth. His extensive experience in leveraged financing and private equity-backed buyouts has been a key asset to the firm.

Recent Exits:

1. AIM Aerospace: Sold to a strategic acquirer, with First Capital Partners’ support in expanding manufacturing capabilities and market reach.
2. AllOver Media: Exited to a larger advertising services firm after successfully expanding its geographic footprint and service offerings.
3. CR Brands: Sold to a consumer products company, with significant growth achieved through new product launches and operational improvements.

Recent Acquisitions:

• GoodSource Solutions: Acquired to support its growth in the foodservice distribution sector, enhancing its market reach and service capabilities.
• Innovative Office Products: Acquired to expand its product offerings and market presence in the office products sector.
• Technimark: Acquired to enhance its capabilities in advanced manufacturing solutions and expand its market reach.

Office Locations:

• Omaha (Headquarters): 6910 Pacific Street, Suite 204, Omaha
• Additional Offices: None

Website: www.firstcapitalpartners.com

Quote: “With the challenges facing our economy, there are many successful companies that are experiencing difficulties obtaining long term capital for growth or ownership transition, and we see ourselves as helping to fill that void.” – David McLeese, Partner​

Investment Style: Wynnchurch Capital specializes in middle-market investments, focusing on companies undergoing change, whether through growth, operational improvements, or restructuring. They target sectors such as industrial products and services, manufacturing, and business services. Their approach is hands-on, working closely with management teams to drive strategic initiatives and enhance operational efficiencies.

Portfolio Companies: Wynnchurch Capital’s portfolio includes companies such as US Manufacturing Corporation (a leading manufacturer of axle components for the automotive industry), NSC Minerals (a supplier of salt products for road safety and industrial applications), and Carson Dellosa Education (a provider of educational materials and resources).

Founding Date: 1999

Number of Investment Professionals: Over 30

Number of Funds: 5

Assets Under Management: Approximately $4 billion

Value Addition Examples: Wynnchurch Capital has helped US Manufacturing Corporation expand its product lines and enhance its manufacturing capabilities. For NSC Minerals, the firm supported strategic acquisitions and operational improvements that increased market share. They also guided Carson Dellosa Education in expanding its digital product offerings and entering new markets.

Key Investment Professionals and Contributions:

• Frank Hayes, Managing Partner: Frank has led numerous successful turnarounds and growth initiatives within Wynnchurch’s portfolio, leveraging his extensive experience in operations and management.
• John Hatherly, Founder and Managing Partner: John focuses on strategic planning and execution, ensuring that portfolio companies achieve their long-term objectives. His leadership has been crucial in driving value creation across the firm’s investments.
• Chris O’Brien, Managing Partner: Chris has played a key role in identifying and executing growth opportunities, as well as leading operational improvement initiatives within the portfolio companies.

Recent Exits:

1. U.S. Manufacturing Corporation: Sold to an industry competitor, significantly increasing its valuation through product line expansion and operational enhancements.
2. NSC Minerals: Exited to a strategic buyer, with Wynnchurch’s support in market share growth and strategic acquisitions contributing to a successful sale.
3. Carson Dellosa Education: Sold to a private equity firm after achieving significant growth in digital product offerings and market expansion.

Recent Acquisitions:

• Wabash National Corporation’s Tank Trailer Business: Acquired to strengthen its position in the manufacturing sector and expand product offerings.
• Eastern Metal Supply: Acquired to support its growth in the distribution of aluminum extrusions and related products.
• Penn Machine Company: Acquired to enhance its capabilities in the manufacturing of railway components and expand its market reach.

Office Locations:

• Rosemont (Headquarters): 6250 N. River Road, Suite 10-100, Rosemont
• Additional Offices: None

Website: www.wynnchurch.com

Quote: “We are excited about Fund VI and are thankful for the support and partnership of our new and existing investors. This fundraise is a testament to what our team has accomplished as a firm, and we will continue to invest with the same value-oriented, operationally focused strategy we have developed and refined over the last 25 years.” – Chris O’Brien, Managing Partner

Investment Style: Abry Partners focuses on media, communications, and business and information services investments. They seek to invest in high-quality companies with strong management teams, aiming to create value through strategic growth, operational improvements, and sector expertise. Abry Partners emphasizes a disciplined investment approach and long-term partnerships.

Portfolio Companies: Abry Partners’ portfolio includes companies such as EdgeConneX (a global data center solutions provider), North American Bancard (a payment solutions provider), TripleLift (a programmatic advertising platform), and Confie (a national insurance distribution company).

Founding Date: 1989

Number of Investment Professionals: Over 50

Number of Funds: 13

Assets Under Management: Approximately $12 billion

Value Addition Examples: Abry Partners has supported EdgeConneX in expanding its global data center footprint, enhancing its service offerings and market reach. For North American Bancard, Abry provided strategic guidance to grow its payment solutions and enter new markets. They also helped TripleLift scale its technology and increase its market share in programmatic advertising.

Key Investment Professionals and Contributions:

• Jay Grossman, Managing Partner and Co-Chief Executive Officer: Jay has played a pivotal role in the strategic expansion and market penetration of North American Bancard. His leadership has been instrumental in achieving significant growth and value creation.
• C.J. Brucato, Managing Partner and Co-Chief Executive Officer: C.J. has driven numerous successful investments, leveraging his deep sector expertise in communications and media to foster growth and operational improvements.
• Brian St. Jean, Partner: Brian has led numerous successful investments in the information services sector, focusing on strategic growth and operational efficiency.

Recent Exits:

1. EdgeConneX: Sold to EQT Infrastructure, significantly increasing its valuation through global expansion and enhanced service offerings.
2. North American Bancard: Exited to a strategic acquirer after achieving substantial growth in payment solutions and market reach.
3. TripleLift: Sold to Vista Equity Partners, with significant growth achieved in technology scaling and market share.

Recent Acquisitions:

• Confie: Acquired to expand its insurance distribution capabilities and market presence.
• Millennium Trust Company: Acquired to support its growth in financial services and expand its product offerings.
• Screen Engine/ASI: Acquired to enhance its capabilities in market research and expand its client base.

Office Locations:

• Boston (Headquarters): 888 Boylston Street, Suite 1600, Boston
• Additional Offices: London

Website: www.abry.com

Quote: “Abry Partners has a long history of successfully partnering with talented management teams to drive growth and create value. Our disciplined investment approach and deep sector expertise enable us to identify and capitalize on compelling opportunities.” – Jay Grossman, Managing Partner and Co-Chief Executive Officer

Investment Style: Court Square Capital Partners specializes in middle-market investments across various sectors, including business services, healthcare, industrials, and technology. They emphasize partnering with management teams to drive long-term value through strategic initiatives, operational improvements, and targeted acquisitions. Their approach is rooted in building partnerships based on integrity, transparency, and trust.

Portfolio Companies: Court Square Capital’s portfolio includes companies such as Medical Knowledge Group (a provider of medical communications and education services), Getaroom (an online hotel booking platform), DISA (a provider of employee screening and compliance services), and AHEAD (a provider of enterprise cloud solutions).

Founding Date: 1979

Number of Investment Professionals: Over 30

Number of Funds: 5

Assets Under Management: Approximately $6 billion

Value Addition Examples: Court Square Capital has significantly contributed to the growth of companies such as Medical Knowledge Group by enhancing their service offerings and expanding their market reach. For Getaroom, the firm supported technology enhancements and market expansion, resulting in substantial revenue growth. They also helped DISA broaden its compliance services and improve operational efficiency.

Key Investment Professionals and Contributions:

• Christopher Bloise, President & Managing Partner: Christopher has been instrumental in driving strategic growth initiatives across Court Square’s portfolio. His leadership has been crucial in developing long-term value and market leadership for portfolio companies.
• Michael Delaney, Co-Founder and Senior Partner: Michael focuses on business services and has led numerous successful investments, providing strategic direction and operational improvements that have driven significant growth.
• David Thomas, Co-Founder and Senior Partner: David specializes in healthcare investments, leveraging his extensive experience to guide portfolio companies in achieving operational excellence and market expansion.

Recent Exits:

1. Medical Knowledge Group: Sold to a strategic acquirer, with Court Square’s support in expanding service offerings and enhancing market position.
2. Getaroom: Exited to Booking Holdings, significantly increasing its valuation through technology advancements and market growth.
3. DISA: Sold to a private equity firm, with substantial growth achieved in compliance services and operational efficiency.

Recent Acquisitions:

• AHEAD: Acquired to strengthen its position in enterprise cloud solutions and expand its service capabilities.
• Conterra Ultra Broadband: Acquired to enhance its capabilities in broadband services and expand its market reach.
• GoEngineer: Acquired to support growth in technology solutions and broaden its product offerings.

Office Locations:

• New York (Headquarters): 299 Park Avenue, 35th Floor, New York
• Additional Offices: None

Website: www.courtsquare.com

Quote: “I look forward to assuming the role of President and continuing to work with a very talented and experienced group of Managing Partners as we drive the firm forward to continued success.” – Christopher Bloise, President & Managing Partner

Investment Style: American Securities focuses on acquiring North American companies in various industries, including healthcare, industrials, and consumer products. They emphasize partnering with management teams to drive growth through strategic initiatives, operational improvements, and targeted acquisitions. Their approach involves deep sector expertise and a commitment to sustainable value creation.

Portfolio Companies: American Securities’ portfolio includes companies such as Chromaflo Technologies (a provider of colorant technology solutions), Aspen Dental (a network of dental practices), Royal Adhesives & Sealants (a manufacturer of adhesives and sealants), and Henry Company (a manufacturer of roofing and building envelope products).

Founding Date: 1994

Number of Investment Professionals: Over 60

Number of Funds: 8

Assets Under Management: Approximately $23 billion

Value Addition Examples: American Securities has supported Chromaflo Technologies in expanding its product lines and entering new markets, resulting in significant growth. For Aspen Dental, the firm provided strategic guidance to enhance service offerings and geographic expansion. They also helped Royal Adhesives & Sealants improve operational efficiency and broaden its market presence.

Key Investment Professionals and Contributions:

• Michael Fisch, President and CEO: Michael has led numerous successful investments, focusing on strategic growth and operational improvements. His leadership has been instrumental in driving value creation across the portfolio.
• Kevin Penn, Managing Director: Kevin specializes in industrial investments, leveraging his extensive experience to guide companies in achieving operational excellence and market leadership.
• Loren Easton, Managing Director: Loren focuses on healthcare investments, providing strategic direction and operational expertise to portfolio companies, leading to significant growth and value creation.

Recent Exits:

1. Chromaflo Technologies: Sold to Arsenal Capital Partners, significantly increasing its valuation through product line expansion and market growth.
2. Aspen Dental: Exited to a strategic acquirer after achieving substantial growth in service offerings and geographic reach.
3. Royal Adhesives & Sealants: Sold to H.B. Fuller, with significant operational improvements and market expansion achieved during American Securities’ ownership.

Recent Acquisitions:

• Henry Company: Acquired to enhance its capabilities in building envelope products and expand its market presence.
• Air Methods Corporation: Acquired to support growth in air medical transportation services and broaden its service capabilities.
• Foundation Building Materials: Acquired to strengthen its position in the construction materials sector and expand its market reach.

Office Locations:

• New York (Headquarters): 590 Madison Avenue, 38th Floor, New York
• Additional Offices: Shanghai

Website: www.american-securities.com

Quote: “Our focus is to partner with management teams to help them achieve their goals and build great companies. We are dedicated to providing the resources and support needed to foster sustainable growth and success.” – Michael Fisch, President and CEO​

Investment Style: Cortec Group focuses on acquiring and managing middle-market companies primarily in the U.S. and Canada, particularly those in the healthcare, consumer, and business services sectors. They aim to drive growth through operational improvements, strategic acquisitions, and management partnerships. Their investment strategy emphasizes long-term value creation and sustainable business practices.

Portfolio Companies: Cortec Group’s portfolio includes companies such as Cranial Technologies (a provider of medical devices for treating positional head molding), Groome Transportation (a provider of airport shuttle and transportation services), and Chauvet (a manufacturer of professional lighting products).

Founding Date: 1984

Number of Investment Professionals: Over 20

Number of Funds: 8

Assets Under Management: Approximately $4.86 billion.

Value Addition Examples: Cortec Group has helped Cranial Technologies expand its service offerings and improve operational efficiencies, leading to increased market share. For Groome Transportation, the firm supported geographic expansion and service diversification, resulting in significant revenue growth. They also guided Chauvet in broadening its product lines and entering new markets.

Key Investment Professionals and Contributions:

• David Schnadig, Co-President & Managing Partner: David has led numerous successful investments, focusing on strategic growth and operational improvements. His leadership has been crucial in driving value creation across the portfolio.
• Michael Najjar, Co-President & Managing Partner: Michael specializes in healthcare and consumer investments, providing strategic direction and operational expertise to portfolio companies.
• Jonathan Stein, Managing Partner: Jonathan has played a key role in identifying and executing growth opportunities, as well as leading operational improvement initiatives within the portfolio companies.

Recent Exits:

1. YETI Holdings, Inc.: Sold to a strategic acquirer, significantly increasing its valuation through product line expansion and brand enhancement.
2. Community Veterinary Partners: Exited to a larger veterinary services provider after achieving substantial growth in service offerings and geographic reach.
3. Franklin Energy: Sold to a private equity firm, with significant operational improvements and market expansion achieved during Cortec’s ownership.

Recent Acquisitions:

• Ground/Water Treatment & Technology, LLC: Acquired to expand its environmental services and enhance its market presence.
• Window Nation: Acquired to support growth in home improvement services and broaden its product offerings.
• Nautilus Medical: Acquired to strengthen its position in the medical device sector and expand its service capabilities.

Office Locations:

• New York (Headquarters): 140 East 45th Street, 43rd Floor, New York
• Additional Offices: None

Website: www.cortecgroup.com

Quote: “We are business builders, not financial engineers. Our focus is on partnering with management teams to drive long-term value and operational excellence.” – David Schnadig, Co-President & Managing Partner.

Investment Style: Graham Partners focuses on investing in technology-driven companies that address global challenges in advanced manufacturing, industrial technology, and related sectors. They emphasize growth through innovation, strategic acquisitions, and operational improvements. Their approach combines deep industry expertise with a hands-on, collaborative management style.

Portfolio Companies: Graham Partners’ portfolio includes companies such as Tidel (a manufacturer of cash management systems), OptConnect (a provider of managed wireless services for M2M and IoT applications), and EasyPak (a manufacturer of plastic packaging solutions).

Founding Date: 1988

Number of Investment Professionals: Over 30

Number of Funds: 4

Assets Under Management: Approximately $5.5 billion

Value Addition Examples: Graham Partners has significantly supported Tidel in expanding its product offerings and entering new markets. For OptConnect, the firm provided strategic guidance to enhance service capabilities and customer reach. They also helped EasyPak improve operational efficiencies and broaden its market presence.

Key Investment Professionals and Contributions:

• Steven Graham, Managing Principal: Steven has led numerous successful investments, focusing on strategic growth and operational improvements. His leadership has been instrumental in driving value creation across the portfolio.
• Andrew Snyder, Managing Principal: Andrew specializes in technology investments, providing strategic direction and operational expertise to portfolio companies.
• Josh Wilson, Managing Principal: Josh has played a key role in identifying and executing growth opportunities and leading operational improvement initiatives within the portfolio companies.

Recent Exits:

1. Tidel: Sold to a strategic acquirer, significantly increasing its valuation through product line expansion and market growth.
2. OptConnect: Exited to a larger technology services provider after achieving substantial growth in service offerings and customer reach.
3. EasyPak: Sold to a private equity firm, with significant operational improvements and market expansion achieved during Graham Partners’ ownership.

Recent Acquisitions:

• Quality Custom Molding: Acquired to enhance its capabilities in plastic manufacturing and expand its market presence.
• SensoTech: Acquired to support growth in industrial technology solutions and broaden its product offerings.
• Sterling Engineering: Acquired to strengthen its position in engineering services and expand its service capabilities.

Office Locations:

• Newtown Square (Headquarters): 3811 West Chester Pike, Building 2, Suite 200, Newtown Square
• Additional Offices: None

Website: www.grahampartners.net

Quote: “We strive to invest in market-leading private businesses spurring innovation in industrial technologies and advanced manufacturing, and partner with those companies to accelerate product development and top-line growth.” – Steven Graham, CEO

Investment Style: Sentinel Capital Partners focuses on investing in mid-market companies across various industries, including aerospace and defense, business services, consumer products, food and restaurants, franchising, healthcare, and industrials. They emphasize partnering with management teams to drive growth through strategic acquisitions, operational improvements, and long-term value creation.

Portfolio Companies: Sentinel Capital’s portfolio includes companies such as Pet Supplies Plus (a retail chain of pet stores), Holley Performance Products (a manufacturer of high-performance automotive parts), Huddle House (a full-service family restaurant chain), and Total Military Management (a provider of outsourced relocation services for U.S. military personnel).

Founding Date: 1994

Number of Investment Professionals: Over 20

Number of Funds: 8

Assets Under Management: Approximately $4 billion

Value Addition Examples: Sentinel Capital Partners has helped Pet Supplies Plus expand its store footprint and improve supply chain efficiencies. For Holley Performance Products, the firm provided strategic guidance to enhance product development and market penetration. They also supported Huddle House in operational improvements and franchise growth, resulting in increased brand presence and revenue.

Key Investment Professionals and Contributions:

• John McCormack, Co-Founder and Senior Partner: John has led numerous successful investments, focusing on strategic growth and operational improvements. His leadership has been crucial in driving value creation across the portfolio.
• David Lobel, Co-Founder and Senior Partner: David specializes in consumer and business services investments, providing strategic direction and operational expertise to portfolio companies.
• Scott Perry, Partner: Scott has played a key role in identifying and executing growth opportunities, as well as leading operational improvement initiatives within the portfolio companies.

Recent Exits:

1. Checkers & Rally’s Restaurants: Sold to a private equity firm, significantly increasing its valuation through brand enhancement and operational improvements.
2. Massage Envy: Exited to a strategic acquirer after achieving substantial growth in service offerings and franchise development.
3. TGI Fridays: Sold to a strategic buyer, with significant operational improvements and market expansion achieved during Sentinel’s ownership.

Recent Acquisitions:

• UBEO Business Services: Acquired to support growth in managed business services and broaden its market presence.
• Recreational Group: Acquired to expand its offerings in the recreational and leisure space.
• Midwest Eye: Acquired to strengthen its position in the healthcare sector and enhance its service capabilities.

Office Locations:

• New York (Headquarters): One Vanderbilt Avenue, 53rd Floor, New York
• Additional Offices: None

Website: www.sentinelpartners.com

Quote: “Over the course of 27 years, Sentinel has established a consistent record of growing and improving midmarket businesses by tackling financial and operational complexity while embracing partnerships with management teams.” – John F. McCormack, Co-Founder and Senior Partner

Investment Style: Industrial Opportunity Partners (IOP) focuses on investing in manufacturing and value-added distribution businesses in the middle market. They emphasize hands-on operational involvement and partnership with management teams to drive growth through strategic initiatives, operational improvements, and targeted acquisitions.

Portfolio Companies: IOP’s portfolio includes companies such as Union Corrugating Company (a manufacturer of metal roofing and siding products), Toledo Molding & Die (a provider of automotive plastic components), and Monroe Truck Equipment (a designer and manufacturer of truck and trailer equipment).

Founding Date: 2005

Number of Investment Professionals: Over 15

Number of Funds: 3

Assets Under Management: Approximately $1.5 billion

Value Addition Examples: IOP has helped Union Corrugating Company expand its manufacturing capabilities and improve operational efficiency. For Toledo Molding & Die, the firm supported strategic growth initiatives and market expansion. They also guided Monroe Truck Equipment in enhancing product development and entering new markets.

Key Investment Professionals and Contributions:

• David Dorfman, Managing Director: David has been instrumental in driving strategic growth and operational improvements across IOP’s portfolio. His leadership has been crucial in achieving long-term value creation.
• Kyle Hood, Managing Director: Kyle specializes in manufacturing investments, providing strategic direction and operational expertise to portfolio companies.
• Bob Vedra, Senior Managing Director: Bob focuses on operations and has played a significant role in guiding companies through operational improvements and strategic expansions.

Recent Exits:

1. Union Corrugating Company: Sold to a strategic acquirer, significantly increasing its valuation through manufacturing expansion and operational improvements.
2. Toledo Molding & Die: Exited to a larger automotive components manufacturer after achieving substantial growth in product offerings and market reach.
3. Monroe Truck Equipment: Sold to a private equity firm, with significant operational improvements and market expansion achieved during IOP’s ownership.

Recent Acquisitions:

• Center Manufacturing: Acquired to enhance its capabilities in precision manufacturing and expand its market presence.
• NetShape Technologies: Acquired to support growth in metal forming and related technologies.
• Centerline Manufacturing: Acquired to strengthen its position in the manufacturing sector and expand its service capabilities.

Office Locations:

• Evanston (Headquarters): 1603 Orrington Avenue, Suite 700, Evanston
• Additional Offices: None

Website: www.iopfund.com

Quote: “We have a unique focus on the middle market industrial sector and take a hands-on approach to driving operational improvements and growth in our portfolio companies.” – Bob Vedra, Senior Managing Director​

Investment Style: TA Associates focuses on growth private equity and targets companies in technology, healthcare, financial services, consumer, and business services. They emphasize investing in profitable, high-growth businesses and partnering with management teams to drive value through strategic growth initiatives, operational improvements, and targeted acquisitions. The firm leverages its deep industry expertise and strategic resources to build lasting value in high-quality growth companies.

Portfolio Companies: TA Associates’ portfolio includes companies such as Interswitch (a digital payments company in Africa), DNA Diagnostics Center (a provider of DNA testing services), AffiniPay (a provider of payment solutions for professionals), and Russell Investments (a global asset management firm).

Founding Date: 1968

Number of Investment Professionals: Over 100

Number of Funds: More than 25

Assets Under Management: Approximately $48.6 billion

Value Addition Examples: TA Associates has helped Interswitch expand its digital payment solutions across Africa, significantly increasing its market penetration and user base. For DNA Diagnostics Center, the firm supported new product development and market expansion. They also guided AffiniPay in enhancing its payment solutions and entering new professional markets.

Key Investment Professionals and Contributions:

• Brian J. Conway, Chairman: Brian has played a key role in shaping TA’s investment strategy and guiding its portfolio companies to achieve strategic growth and operational excellence.
• Michael Libert, Managing Director: Michael focuses on investments in software companies in North America, providing strategic direction and operational expertise to portfolio companies. He has led or co-sponsored 16 platform software investments and originated over 250 add-on acquisitions​.
• Ajit Nedungadi, CEO: Ajit has been instrumental in driving TA’s global growth strategy and leading significant investments in the healthcare and technology sectors.

Recent Exits:

1. Nintex: Sold to TPG Capital, significantly increasing its valuation through product innovation and market expansion.
2. List Partners: Exited to a strategic acquirer after achieving substantial growth in market intelligence solutions.
3. Dymatize Enterprises: Sold to Post Holdings, with significant brand enhancement and market penetration achieved during TA’s ownership.

Recent Acquisitions:

• OASIS Group: Acquired to expand its information management services and enhance its market presence.
• Stackline: Acquired to support growth in e-commerce tools and broaden its product offerings.
• Advantive: Acquired to strengthen its position in enterprise software and expand its service capabilities​.

Office Locations:

• Boston (Headquarters): 200 Clarendon Street, 56th Floor, Boston
• Additional Offices: Menlo Park, London, Mumbai, Hong Kong, Austin

Website: www.ta.com

Quote: “The strength and versatility of our team is key to creating value for portfolio companies, delivering for investors, and evolving as a firm. We are proud to foster a culture of entrepreneurship and collaboration that allows our people to develop and advance.” – Ajit Nedungadi, CEO

Investment Style: Marlin Equity Partners specializes in providing growth equity, management buyouts, and corporate divestitures, with a particular emphasis on special situations. The firm aims to create long-term value by partnering with management teams, driving operational improvements, and pursuing strategic add-on acquisitions across various sectors, including software, technology, healthcare, services, and industrial technology.

Portfolio Companies: Marlin Equity Partners’ portfolio includes companies such as Qualitest Group (software testing services), Aprimo (marketing operations software), Anatole (telecom and IT expense management solutions), and Bluegarden (payroll and HR administration software).

Founding Date: 2005

Number of Investment Professionals: Approximately 40

Number of Funds: 7

Assets Under Management: Approximately $9 billion

Value Addition Examples: Marlin Equity Partners significantly enhanced Qualitest Group’s global delivery capabilities and expanded its service offerings through targeted acquisitions. For Aprimo, Marlin supported the optimization of marketing workflows and the expansion of its customer base, leading to significant revenue growth. Anatole benefited from strategic operational improvements, resulting in cost reductions and customer base expansion under Marlin’s guidance.

Key Investment Professionals and Contributions:

• David McGovern, Founder, Chairman, and CEO: David has been instrumental in the strategic vision and execution of Marlin’s investments. He has played a crucial role in the growth strategies for Qualitest Group and Aprimo, ensuring the firm adheres to its core principles.
• Nick Kaiser, Senior Managing Director: Nick led the investment in Anatole, focusing on operational efficiencies and strategic market expansions. His expertise in operational improvements has been pivotal to the company’s success.
• Peter Spasov, Senior Managing Director: Peter was pivotal in the acquisition and integration strategies for Bluegarden, enhancing their market position and operational capabilities. He has also contributed significantly to Marlin’s successful fundraising efforts and strategic acquisitions.

Recent Exits:

1. ProcessUnity: Sold to a larger private equity firm, expanding its market reach and capabilities.
2. Fidelis Cybersecurity: Exited after enhancing the company’s threat detection and protection solutions.
3. Baxter Planning: Sold to a strategic acquirer following substantial growth and operational improvements.

Recent Acquisitions:

• Baxter Planning: Acquired to expand Marlin’s portfolio in predictive service supply chain solutions.
• ImagineSoftware: Acquired to enhance capabilities in medical billing automation and revenue cycle management.
• ICAP Global: Acquired to strengthen their position in the IT consulting and outsourcing industry.

Office Locations:

• Hermosa Beach (Headquarters): 1301 Manhattan Avenue, Hermosa Beach
• Additional Offices: London

Website: www.marlinequity.com

Quote: “We are proud to have built a successful global organization that is supported by a top-notch institutional investor base of long-standing existing and new limited partners, and a talented team of professionals with deep domain expertise across our core industries.” – David McGovern, Founder, Chairman, and CEO

Investment Style: Monomoy Capital Partners specializes in middle-market buyouts and investments in companies that require operational and financial restructuring. The firm focuses on industrial and consumer sectors, aiming to create value through strategic improvements and operational efficiencies. They target family-owned businesses, corporate carve-outs, and take-private transactions.

Portfolio Companies: Monomoy Capital Partners’ portfolio includes Astrodyne TDI (power conversion solutions), Brook & Whittle (label and packaging solutions), West Marine (boating and marine products retailer), and HPC Industrial (industrial cleaning services).

Founding Date: 2005

Number of Investment Professionals: Over 25

Number of Funds: 4

Assets Under Management: Over $2.7 billion

Value Addition Examples: Monomoy improved Astrodyne TDI’s operational efficiencies and expanded product offerings, leading to significant growth. For Brook & Whittle, Monomoy facilitated strategic acquisitions and operational improvements, expanding its market reach and increasing profitability. West Marine underwent financial restructuring under Monomoy’s guidance, which enhanced its retail operations and market presence.

Key Investment Professionals and Contributions:

• Daniel Collin, Co-CEO: Daniel has played a key role in the turnaround and growth strategies for Astrodyne TDI and Brook & Whittle. His focus on operational improvements and strategic market expansions has been vital to these companies’ successes.
• Justin Hillenbrand, Co-CEO: Justin was instrumental in the restructuring and growth of West Marine, improving their financial stability and operational efficiency. His expertise in financial restructuring has been crucial in several of Monomoy’s successful turnarounds.
• Jaime Forsyth, Partner and Head of Investment Team: Jaime has led several successful transactions, including the acquisition of Japs-Olson and Astro Shapes. She has significantly contributed to the firm’s investment strategy and company culture, emphasizing value creation and operational improvements​​.

Recent Exits:

1. Hampton Products International: Sold to a strategic acquirer after enhancing its product lines and operational efficiencies.
2. Riverside Company: Exited after significant operational improvements and market expansion.
3. Totes Isotoner: Sold to a private equity firm following substantial growth and profitability improvements.

Recent Acquisitions:

• Astrodyne TDI: Acquired to expand Monomoy’s portfolio in power conversion solutions.
• Kleinfelder: Acquired to enhance capabilities in engineering and design services.
• Katun Corporation: Acquired to strengthen their position in the imaging supplies market.

Office Locations:

• New York (Headquarters): 600 Third Avenue, 27th Floor, New York
• Additional Offices: Greenwich

Website: www.mcpfunds.com

Quote: “We believe that our strategy of value investing and value creation is built precisely to take advantage of all economic environments.” – Justin Hillenbrand, Co-CEO

Investment Style: Wellspring Capital Management focuses on control investments in middle-market companies across various sectors, including industrials, healthcare, and business services. The firm aims to partner with management teams to drive value through operational improvements, strategic growth initiatives, and add-on acquisitions.

Portfolio Companies: Wellspring’s portfolio includes Crosman Corporation (airguns and archery products), ProAmpac (flexible packaging), Help at Home (home care services), and Checkers Drive-In Restaurants (quick-service restaurants).

Founding Date: 1995

Number of Investment Professionals: Approximately 30

Number of Funds: 6

Assets Under Management: Over $4 billion

Value Addition Examples: Wellspring has a track record of enhancing portfolio companies through strategic acquisitions and operational improvements. For instance, ProAmpac experienced significant growth and market expansion through several add-on acquisitions under Wellspring’s ownership. Similarly, Help at Home expanded its service offerings and geographical footprint, driving substantial revenue growth.

Key Investment Professionals and Contributions:

• William F. Dawson Jr., Managing Partner: William has played a critical role in the strategic direction and growth of Wellspring’s portfolio companies. His leadership has been instrumental in driving value creation through operational improvements and strategic acquisitions.
• Alex Carles, Managing Partner: Alex has been involved in numerous successful investments, including the acquisition and growth of Checkers Drive-In Restaurants. His focus on operational excellence and strategic growth has significantly contributed to the firm’s success.
• John Morningstar, Managing Partner: John has led several major investments, such as the acquisition of API Heat Transfer, and has been pivotal in expanding Wellspring’s footprint in the industrial sector.

Recent Exits:

1. Cleaver-Brooks: Sold to a strategic acquirer after significant operational improvements and market expansion.
2. Resco Products: Exited to a larger private equity firm following substantial growth and profitability enhancements.
3. National Seating & Mobility: Sold to a strategic buyer after Wellspring helped expand its service offerings and improve operational efficiencies.

Recent Acquisitions:

• ProAmpac: Acquired to strengthen Wellspring’s presence in the flexible packaging industry.
• HealthPRO Heritage: Acquired to enhance service capabilities in the healthcare sector.
• API Heat Transfer: Acquired to expand product and service offerings in the heat exchanger market.

Office Locations:

• New York (Headquarters): 605 Third Avenue, 44th Floor, New York
• Additional Offices: Palm Beach

Website: www.wellspringcapital.com

Quote: “We are delighted by the investment community’s response to our fifth fund in a very challenging fundraising environment. This accomplishment is testament not only to our superior investment performance over the past 16 years, but to the exceptional relationships we have built with long-time limited partners, as well as institutions that are entrusting us with their capital for the first time.” – Greg S. Feldman, Managing Partner​

Investment Style: Thoma Bravo focuses on providing private equity, growth equity, and credit investments, primarily in the software and technology sectors. The firm employs a “buy-and-build” strategy, leveraging its deep sector knowledge to drive operational excellence, strategic growth initiatives, and add-on acquisitions, which results in long-term value creation for its portfolio companies.

Portfolio Companies: Thoma Bravo’s portfolio includes companies such as Applitools (digital experience testing), AppOmni (SaaS security management), Apryse (digital content processing technology), and Apttus (quote-to-cash software solutions).

Founding Date: 1980

Number of Investment Professionals: Over 300

Number of Funds: 15

Assets Under Management: Approximately $142 billion as of March 2024

Value Addition Examples: Thoma Bravo has driven significant growth and value in its portfolio companies. For example, Applitools expanded its digital testing platform capabilities under Thoma Bravo’s strategic guidance. AppOmni leveraged Thoma Bravo’s expertise to enhance its SaaS security solutions and scale its market presence. Apttus saw improvements in operational efficiency and market expansion, leading to enhanced revenue growth.

Key Investment Professionals and Contributions:

• Orlando Bravo, Managing Partner: Orlando has been instrumental in leading major acquisitions and driving strategic initiatives across Thoma Bravo’s portfolio. His leadership in the acquisition of Apptio helped the company scale its operations and expand its market presence.
• Holden Spaht, Managing Partner: Holden has focused on investments in cybersecurity and enterprise software companies, playing a critical role in the success of firms like Imperva and Sophos.
• Seth Boro, Managing Partner: Seth has led several high-profile investments and exits, including the successful sale of LogRhythm and Exabeam, enhancing their value through strategic growth and operational improvements.

Recent Exits:

1. Imperva: Sold to Thales, enhancing its market position in cybersecurity.
2. BlueMatrix: Exited after substantial growth in investment research and publishing solutions.
3. Sophos: Sold following significant advancements in its cybersecurity offerings.

Recent Acquisitions:

• NextGen Healthcare: Acquired to expand Thoma Bravo’s portfolio in healthcare technology.
• ForgeRock: Acquired to combine with Ping Identity and enhance digital identity solutions.
• Hyland Software: Acquired to drive further innovation and operational excellence in content services.

Office Locations:

• Chicago (Headquarters): 110 N. Wacker Drive, 32nd Floor, Chicago
• Additional Offices: Miami, San Francisco, New York, London

Website: www.thomabravo.com

Quote: “In partnerships, you have to rely on executive teams to do what they do best. Play to their strengths.” – Orlando Bravo, Managing Partner

Investment Style: CID Capital focuses on control investments in lower middle-market companies, emphasizing partnerships with management teams to drive operational improvements and strategic growth. The firm invests in business services, industrials, and consumer sectors, aiming to create long-term value through both organic initiatives and add-on acquisitions.

Portfolio Companies: CID Capital’s portfolio includes companies such as LumiSource (home décor and furnishings), Wiseway Supply (distributor of electrical, plumbing, and lighting supplies), PDQ Industries (manufacturer of commercial-grade door hardware), and Fit + Fresh (designer of lunch bags and food storage containers).

Founding Date: 1981

Number of Investment Professionals: 10

Number of Funds: 4

Assets Under Management: $427 million

Value Addition Examples: CID Capital has significantly impacted its portfolio companies through strategic growth and operational efficiency. For example, LumiSource has leveraged CID’s resources to expand its product portfolio and accelerate growth in the home décor market. Similarly, Wiseway Supply has optimized its distribution channels and expanded its customer base with CID’s support.

Key Investment Professionals and Contributions:

• Steve Cobb, Managing Partner: Steve has led several successful investments and has played a pivotal role in guiding the strategic direction and growth of LumiSource, helping it expand its market presence and product offerings.
• Ryan Cutter, Vice President: Ryan focuses on identifying platform and add-on opportunities, contributing significantly to the success of investments like Wiseway Supply by enhancing their distribution networks.
• Eric Derheimer, Partner: Eric has been instrumental in evaluating new platform investments and add-on acquisitions for companies like PDQ Industries, ensuring they achieve operational excellence and market expansion.

Recent Exits:

1. ProSource: Exited after significant growth and market expansion in the wholesale distribution of plumbing supplies.
2. Classic Accessories: Sold following substantial improvements in product design and distribution channels.
3. Team Drive-Away: Exited after CID Capital helped optimize operations and expand its logistics services.

Recent Acquisitions:

• LumiSource: Acquired to enhance CID’s presence in the home décor and furnishings market.
• Wiseway Supply: Acquired to strengthen its distribution capabilities in electrical, plumbing, and lighting supplies.
• PDQ Industries: Acquired to expand CID’s portfolio in the commercial-grade door hardware sector.

Office Locations:

• Carmel (Headquarters): 10201 N. Illinois St. Suite 200, Carmel
• Additional Offices: None

Website: www.cidcap.com

Quote: “Investing is a people business – our teams and relationships are critical to driving long-term success.” – Steve Cobb, Managing Partner​

Investment Style: Comvest Partners specializes in providing equity and debt capital to middle-market companies. The firm focuses on control investments across various sectors, including healthcare, technology, industrials, and consumer services. Comvest aims to create value through operational improvements, strategic growth initiatives, and disciplined financial management, leveraging its extensive capital resources and industry expertise.

Portfolio Companies: Comvest’s portfolio includes companies such as Evriholder Products (household products), D&S Community Services (residential and community-based services), Imagine360 (healthcare plan management), and SunteckTTS (freight management services).

Founding Date: 2000

Number of Investment Professionals: Over 80

Number of Funds: 5

Assets Under Management: Approximately $9.5 billion

Value Addition Examples: Comvest has driven significant growth in its portfolio companies by focusing on strategic initiatives and operational efficiencies. For example, Evriholder Products has expanded its product lines and improved its market reach under Comvest’s guidance. D&S Community Services benefited from enhanced service offerings and operational improvements, leading to substantial revenue growth.

Key Investment Professionals and Contributions:

• Michael Falk, Founder and Chief Executive Officer: Michael has led the development and growth of Comvest since its inception, driving strategic initiatives and operational improvements across the firm’s portfolio. He has played a key role in the success of investments in the healthcare and technology sectors.
• Roger Marrero, Managing Partner: Roger is responsible for key aspects of the investment process, including sourcing, transaction execution, and portfolio company oversight. He has been instrumental in the strategic growth of companies like SunteckTTS.
• Lee Landrum, Partner: Lee focuses on operational improvements and strategic growth initiatives, contributing significantly to the success of portfolio companies in the industrials and consumer services sectors.

Recent Exits:

1. FastMed Urgent Care: Sold to a strategic acquirer after expanding its network and enhancing operational efficiencies.
2. Senior Helpers: Exited following significant growth in home care services and market expansion.
3. Community Intervention Services: Sold to a private equity firm after substantial improvements in service delivery and operational management.

Recent Acquisitions:

• Evriholder Products: Acquired to strengthen Comvest’s portfolio in household products.
• Imagine360: Acquired to expand capabilities in healthcare plan management.
• SunteckTTS: Acquired to enhance Comvest’s presence in the freight management services sector.

Office Locations:

• West Palm Beach (Headquarters): 360 S. Rosemary Avenue, Suite 1700, West Palm Beach
• Additional Offices: Chicago

Website: www.comvest.com

Quote: “We appreciate the strong reception CIP VI received from new and existing investors. We believe our successful fundraise reflects Comvest’s deep experience in the middle market, our nearly 25-year history of delivering results for our investors, and the strength of our private equity strategy. We are grateful for the continued confidence our investors have placed in us and remain committed to meeting that trust.” – Michael Falk, Founder and Chief Executive Officer​

Investment Style: Seidler Equity Partners focuses on making control investments in mid-market companies, particularly in the business services, industrials, and consumer sectors. The firm aims to partner with management teams to drive operational improvements, strategic growth, and value creation through both organic initiatives and add-on acquisitions. The firm is known for its patient, long-term investment approach and its commitment to preserving the culture of the companies it invests in.

Portfolio Companies: Seidler Equity Partners’ portfolio includes companies such as Pet Food Experts (pet food distribution), Trojan Battery Company (deep-cycle batteries), RASA Floors (flooring solutions), and Flying Colours Corp. (aircraft maintenance and repair).

Founding Date: 1992

Number of Investment Professionals: Approximately 40

Number of Funds: 5

Assets Under Management: Approximately $5 billion

Value Addition Examples: Seidler Equity Partners has enhanced the value of its portfolio companies by focusing on strategic growth and operational efficiency. For example, Pet Food Experts expanded its distribution network and product offerings with Seidler’s support. Trojan Battery Company benefited from Seidler’s expertise in operational improvements, leading to increased production efficiency and market expansion.

Key Investment Professionals and Contributions:

• Robert Seidler, Co-Founder & Managing Partner: Robert has led several successful investments and has played a pivotal role in guiding the strategic direction and growth of companies like Pet Food Experts and Trojan Battery Company.
• Eric Kutsenda, Co-Founder & Managing Partner: Eric focuses on identifying platform and add-on opportunities, contributing significantly to the success of investments like RASA Floors by enhancing their service offerings and market reach.
• Leonard Lee, Partner: Leonard has been instrumental in the strategic growth and operational improvements of Flying Colours Corp., ensuring they achieve operational excellence and market expansion.

Recent Exits:

1. Pet Food Experts: Sold after significant growth in distribution capabilities and market expansion.
2. Trojan Battery Company: Exited following substantial improvements in production efficiency and product development.
3. RASA Floors: Sold to a strategic buyer after Seidler Equity Partners helped optimize its operations and expand its service offerings.

Recent Acquisitions:

• Pet Food Experts: Acquired to enhance Seidler’s presence in the pet food distribution market.
• Trojan Battery Company: Acquired to strengthen its portfolio in the battery manufacturing sector.
• Flying Colours Corp.: Acquired to expand Seidler’s capabilities in aircraft maintenance and repair.

Office Locations:

• Marina del Rey (Headquarters): 4640 Admiralty Way, Suite 1200, Marina del Rey
• Additional Offices: Sydney

Website: www.sepfunds.com

Quote: “Our goal is to provide capital and resources to achieve your goals, enable your organization’s growth, and preserve the culture you’ve built.” – Robert Seidler, Co-Founder & Managing Partner

Investment Style: HQ Capital specializes in private equity investments, focusing on identifying, analyzing, and investing alongside leading private equity managers across North America, Europe, and Asia. The firm aims to provide global access to private equity through primary, secondary, and co-investment programs. They emphasize a highly diversified portfolio approach and seek to create value through active management, strategic growth initiatives, and long-term partnerships.

Portfolio Companies: HQ Capital’s portfolio spans various sectors, including healthcare, technology, industrials, and consumer services. Notable portfolio companies include MediFox (healthcare software), CSC (compliance and governance solutions), and E2open (supply chain management software).

Founding Date: 1989

Number of Investment Professionals: Over 90

Number of Funds: 29 private equity programs

Assets Under Management: Approximately $11.9 billion

Value Addition Examples: HQ Capital has driven significant growth in its portfolio companies by focusing on strategic initiatives and operational efficiencies. MediFox, for example, expanded its market presence and product offerings under HQ Capital’s guidance. E2open saw improvements in operational efficiency and market expansion, leading to enhanced revenue growth. HQ Capital’s co-investment strategy has also allowed it to leverage its extensive network to identify and invest in high-quality opportunities.

Key Investment Professionals and Contributions:

• Dr. Ernest Boles, Chairman U.S. & Europe: Dr. Boles has been instrumental in overseeing HQ Capital’s strategic vision and investment initiatives across its U.S. and European operations. His leadership has been crucial in the firm’s expansion and success in these regions.
• David Pierce, Chairman Asia: David leads HQ Capital’s efforts in Asia, focusing on expanding the firm’s footprint and managing key investments across the region. His expertise has significantly contributed to HQ Capital’s growth in the Asian market.
• Britta Lindhorst, Managing Director: Britta is responsible for overseeing HQ Capital’s investment strategies and operations in Germany. Her experience and leadership have been pivotal in driving the firm’s success in Europe.

Recent Exits:

1. MediFox: Sold to a strategic acquirer after expanding its healthcare software solutions.
2. CSC: Exited following significant advancements in compliance and governance solutions.
3. E2open: Sold after substantial growth in supply chain management software offerings.

Recent Acquisitions:

• MediFox: Acquired to expand HQ Capital’s portfolio in healthcare software.
• CSC: Acquired to enhance capabilities in compliance and governance solutions.
• E2open: Acquired to strengthen their position in supply chain management software.

Office Locations:

• Bad Homburg (Headquarters): Am Pilgerrain 17, Bad Homburg
• Additional Offices: New York, Singapore, Hong Kong, Miami

Website: www.hqcapital.com

Quote: “With our co-investment program, we offer investors the opportunity to participate directly in select transactions with attractive terms. The high demand for this specialized strategy confirms our approach and is a testament to the confidence our investors have placed in us.” – Dr. Bernd Türk, CEO of HQ Capital.

Investment Style: RFE Investment Partners specializes in making control investments in lower middle-market companies, particularly in the business services, industrial, and healthcare sectors. The firm seeks to create value through operational improvements, strategic growth initiatives, and add-on acquisitions. RFE emphasizes partnering with strong management teams and leveraging its extensive industry expertise to drive long-term growth and profitability.

Portfolio Companies: RFE Investment Partners’ portfolio includes companies such as Pediatrix Medical Group (neonatal and maternal-fetal physician services), DMT Development Systems Group (automotive dealer and OEM software solutions), Dynatronics Corporation (medical device manufacturer), and FireKing Security Group (security and loss prevention products).

Founding Date: 1979

Number of Investment Professionals: Approximately 15

Number of Funds: 9

Assets Under Management: Over $1 billion

Value Addition Examples: RFE Investment Partners has significantly impacted its portfolio companies by focusing on operational efficiency and strategic growth. For instance, Pediatrix Medical Group expanded its service offerings and improved its operational processes under RFE’s guidance. Similarly, FireKing Security Group saw increased market share and product innovation through strategic initiatives led by RFE.

Key Investment Professionals and Contributions:

• Jim Parsons, Co-Chairman: Jim has played a pivotal role in the strategic growth and operational improvements of several portfolio companies, including Pediatrix Medical Group. His leadership and expertise have been crucial in driving the success of RFE’s investments.
• Michael Foster, Managing Director: Michael focuses on identifying new investment opportunities and has been instrumental in the success of investments like DMT Development Systems Group. His efforts in market analysis and strategic planning have significantly contributed to the firm’s growth.
• Peter Reiter, Managing Director: Peter has led several successful investments and exits, including the strategic growth of Dynatronics Corporation. His focus on operational improvements and market expansion has been key to the firm’s achievements.

Recent Exits:

1. Pediatrix Medical Group: Sold to a strategic acquirer after significant growth and market expansion.
2. DMT Development Systems Group: Exited following substantial improvements in software solutions and client base growth.
3. FireKing Security Group: Sold to a private equity firm after enhancing its product offerings and market position.

Recent Acquisitions:

• Pediatrix Medical Group: Acquired to expand RFE’s presence in healthcare services.
• DMT Development Systems Group: Acquired to enhance capabilities in automotive software solutions.
• Dynatronics Corporation: Acquired to strengthen RFE’s portfolio in medical device manufacturing.

Office Locations:

• Westport (Headquarters): 10 Wright Street, Westport
• Additional Offices: None

Website: www.rfeip.com

Quote: “RFE is a seasoned team of business owners who partner with entrepreneurial management teams seeking to grow their businesses in the lower middle market.” – Jim Parsons, Co-Chairman​

Investment Style: Tailwind Capital focuses on investing in growth-oriented middle-market companies, particularly in the healthcare, business services, and industrial services sectors. The firm aims to drive value through strategic initiatives, operational improvements, and synergistic add-on acquisitions. Tailwind Capital emphasizes collaboration with management teams to achieve long-term growth and industry leadership. Their investment strategy leverages their expertise in talent expansion, technology, and transformative M&A to accelerate growth.

Portfolio Companies: Tailwind Capital’s portfolio includes companies such as Aerospace Engineering Corp (aerospace components and systems), Diversified Maintenance (facility maintenance services), HCFS, Inc. (healthcare financial services), and Premier Plastic Surgery Group (cosmetic and reconstructive surgery services).

Founding Date: 2003

Number of Investment Professionals: Approximately 37

Number of Funds: 3

Assets Under Management: Over $3 billion

Value Addition Examples: Tailwind Capital has a proven track record of enhancing portfolio companies through strategic growth initiatives and operational efficiencies. For instance, Diversified Maintenance expanded its service offerings and client base significantly under Tailwind’s ownership. Aerospace Engineering Corp improved its production capabilities and market reach, leading to substantial revenue growth.

Key Investment Professionals and Contributions:

• Jeffrey A. Calhoun, Managing Partner: Jeffrey has led multiple successful investments and strategic initiatives, playing a critical role in the growth of companies like HCFS, Inc. His expertise in operational improvements and market expansion has been instrumental in Tailwind’s success.
• David Gorton, Partner: David has been pivotal in identifying and executing investment opportunities, significantly contributing to the firm’s portfolio growth and operational excellence.
• Andrew Mayer, Partner: Andrew focuses on business services and healthcare investments, contributing to the strategic development and growth of several portfolio companies, including Premier Plastic Surgery Group.

Recent Exits:

1. Diversey Care: Sold to a strategic acquirer after achieving substantial growth in its global market presence.
2. TDX Group: Exited following significant improvements in technology solutions and client base expansion.
3. Summit Behavioral Healthcare: Sold to a private equity firm after enhancing its service capabilities and expanding its network.

Recent Acquisitions:

• Aerospace Engineering Corp: Acquired to enhance Tailwind’s portfolio in aerospace components and systems.
• Premier Plastic Surgery Group: Acquired to expand capabilities in cosmetic and reconstructive surgery services.
• HCFS, Inc.: Acquired to strengthen Tailwind’s presence in healthcare financial services.

Office Locations:

• New York (Headquarters): 485 Lexington Avenue, New York
• Additional Offices: None

Website: www.tailwind.com

Quote: “We are extremely proud of Tailwind’s culture, which fosters the development of our next generation of leaders and a strong team of investment professionals. We believe Tailwind is well-positioned to continue to execute its strategy of partnering with strong management teams and entrepreneurs to drive value for our investors.” – Jeffrey A. Calhoun, Managing Partner​

Investment Style: Charlesbank Capital Partners focuses on management-led buyouts and growth capital investments in middle-market companies. The firm targets businesses in a range of industries, including consumer, industrial, healthcare, technology, and business services. Charlesbank aims to drive value through operational improvements, strategic growth initiatives, and disciplined financial management, leveraging its extensive industry experience and a collaborative approach to investment.

Portfolio Companies: Charlesbank Capital Partners’ portfolio includes companies such as Trojan Battery Company (deep-cycle batteries), Ensono (hybrid IT services provider), American Residential Services (residential and commercial HVAC services), and Focus Brands (restaurant franchisor and operator).

Founding Date: 1998

Number of Investment Professionals: Approximately 70

Number of Funds: 9

Assets Under Management: Over $7 billion

Value Addition Examples: Charlesbank has a strong track record of enhancing portfolio companies through operational improvements and strategic growth. For instance, Ensono expanded its service offerings and improved its operational efficiencies under Charlesbank’s ownership. Focus Brands experienced significant growth through strategic acquisitions and brand development initiatives led by Charlesbank.

Key Investment Professionals and Contributions:

• Michael Choe, Managing Director and CEO: Michael has played a pivotal role in the strategic direction and growth of several portfolio companies, including Ensono. His leadership has been crucial in driving value creation through operational improvements and strategic initiatives.
• Brandon White, Managing Director: Brandon focuses on investments in the technology and business services sectors, contributing to the success of companies like Focus Brands through market analysis and strategic planning.
• Ryan Carroll, Managing Director: Ryan has led several successful investments and exits, including the strategic growth of Trojan Battery Company. His focus on operational improvements and market expansion has been key to the firm’s achievements.

Recent Exits:

1. Trojan Battery Company: Sold to a strategic acquirer after significant operational improvements and market expansion.
2. Ensono: Exited following substantial growth in IT services and client base expansion.
3. American Residential Services: Sold to a private equity firm after enhancing its service capabilities and expanding its market reach.

Recent Acquisitions:

• Trojan Battery Company: Acquired to strengthen Charlesbank’s presence in the battery manufacturing sector.
• Ensono: Acquired to expand capabilities in hybrid IT services.
• Focus Brands: Acquired to enhance the firm’s portfolio in the restaurant franchising sector.

Office Locations:

• Boston (Headquarters): 200 Clarendon Street, 54th Floor, Boston
• Additional Offices: New York, NY

Website: www.charlesbank.com

Quote: “While the market landscape is dynamic and ever-changing, we believe the ingredients for generating strong returns remain largely the same: rigorous discipline rooted in fundamentals, a consistent team united by a deeply ingrained culture of collaboration, and an agile and forward-thinking model driven by deep pattern recognition in our target sectors.” – Michael Choe, Managing Director and CEO​

Investment Style: American Industrial Partners (AIP) focuses on acquiring and improving middle-market industrial businesses. The firm seeks to drive value creation through operational improvements, strategic growth initiatives, and disciplined capital management. AIP emphasizes a hands-on approach to management, leveraging its deep industry expertise to enhance the performance and competitiveness of its portfolio companies.

Portfolio Companies: American Industrial Partners’ portfolio includes companies such as Gerber Technology (software and automation solutions for the apparel and industrial markets), Carlisle Brake & Friction (brake and friction solutions), F+W Media (content and e-commerce company), and Motor Coach Industries (motor coach manufacturer).

Founding Date: 1988

Number of Investment Professionals: Approximately 35

Number of Funds: 7

Assets Under Management: Over $16 billion

Value Addition Examples: American Industrial Partners has driven significant value in its portfolio companies through strategic initiatives and operational improvements. For instance, Gerber Technology expanded its market presence and enhanced its product offerings under AIP’s guidance. Carlisle Brake & Friction saw improvements in operational efficiency and market expansion, leading to enhanced revenue growth.

Key Investment Professionals and Contributions:

• Kim Marvin, Managing Partner: Kim has led numerous successful investments and strategic initiatives, playing a critical role in the growth and operational improvements of companies like Motor Coach Industries.
• John Becker, Managing Partner: John focuses on identifying and executing investment opportunities, significantly contributing to the firm’s portfolio growth and operational excellence.
• Dan Evans, Partner: Dan has been pivotal in the strategic development and growth of several portfolio companies, including Carlisle Brake & Friction.

Recent Exits:

1. Gerber Technology: Sold to a strategic acquirer after significant growth and product innovation.
2. F+W Media: Exited following substantial improvements in content delivery and e-commerce capabilities.
3. Motor Coach Industries: Sold to a private equity firm after enhancing its manufacturing processes and expanding its market reach.

Recent Acquisitions:

• Gerber Technology: Acquired to enhance AIP’s portfolio in software and automation solutions.
• Carlisle Brake & Friction: Acquired to strengthen its position in the brake and friction solutions market.
• F+W Media: Acquired to expand AIP’s presence in the content and e-commerce sector.

Office Locations:

• New York (Headquarters): 450 Lexington Avenue, 40th Floor, New York
• Additional Offices: None

Website: www.americanindustrial.com

Quote: “AIP has decades of experience in the industrial economy and we have consistently seen the value of proactively driving operating enhancements within our companies. As society continues its push to decarbonize, and as stewards of industrial assets, we intend to address those challenges and unlock value for our companies by leveraging our background knowledge of the industrial economy, our proximity to opportunity, our commitment to technological innovation and our core operating capabilities.” – Kim Marvin, General Partner​

Investment Style: Veritas Capital Fund Management focuses on investing in companies that provide critical products and services to government and commercial customers in sectors such as aerospace, defense, healthcare, national security, and energy. The firm aims to drive value through strategic initiatives, operational improvements, and leveraging its deep industry expertise and extensive network. Veritas emphasizes the importance of technology to make a positive impact across vital areas like healthcare, education, and national security.

Portfolio Companies: Veritas Capital’s portfolio includes companies such as Peraton (national security solutions), Guidehouse (management consulting), Athenahealth (healthcare technology), and Alion Science and Technology (engineering solutions).

Founding Date: 1992

Number of Investment Professionals: Approximately 50

Number of Funds: 6

Assets Under Management: Over $20 billion

Value Addition Examples: Veritas Capital has driven significant growth in its portfolio companies by focusing on strategic initiatives and operational efficiencies. For instance, Peraton expanded its national security solutions under Veritas’s guidance. Athenahealth saw improvements in healthcare technology offerings, leading to enhanced market presence and revenue growth. The firm’s focus on innovation and customer satisfaction has been instrumental in transforming its portfolio companies.

Key Investment Professionals and Contributions:

• Ramzi Musallam, CEO and Managing Partner: Ramzi has played a pivotal role in leading the firm’s strategic vision and investment initiatives. His leadership has been crucial in the firm’s growth and success in key sectors.
• Hugh Evans, Partner: Hugh focuses on identifying new investment opportunities and has been instrumental in the success of investments like Guidehouse.
• Benjamin Polk, Partner: Benjamin has led several high-profile investments and exits, enhancing their value through strategic growth and operational improvements.

Recent Exits:

1. Peraton: Sold to a strategic acquirer after expanding its national security solutions.
2. Guidehouse: Exited following significant growth in management consulting services.
3. Athenahealth: Sold to a private equity firm after substantial improvements in healthcare technology offerings.

Recent Acquisitions:

• Epiq Solutions: Acquired to drive innovation in space-focused computing solutions.
• Orion Space Solutions: Acquired to enhance capabilities in space mission operations and data analysis.
• Coronis Health and MiraMed Global Services: Combined to create a leading multi-specialty revenue cycle management platform, enhancing service offerings and operational footprint in healthcare technology.

Office Locations:

• New York (Headquarters): 9 West 57th Street, 32nd Floor, New York
• Additional Offices: None

Website: www.veritascapital.com

Quote: “We are grateful for the tremendous confidence and support of both our existing limited partners and new investors, which enabled us to raise this fund so quickly. Veritas’ legacy is founded on investments in the middle-market, and this inaugural dedicated fund will harness our deep track record, highly synergistic, integrated investment platform, and time-tested approach to value creation.” – Ramzi Musallam, CEO and Managing Partner