FEBRUARY 3-5
HOTEL AT AVALON & CONFERENCE CENTER
PLATINUM
DEALMAKER’S LOUNGE
M&A SOUTH 2025 CHAIRMAN’S WELCOME
Welcome to M&A SOUTH! By participating in the 23rd year of the conference, you are a part of the premier sourcing, networking, and educational event for dealmakers across the Southeastern U.S. since August. The planning committee has been working hard to assemble another great conference for the M&A community. e are excited to provide participants and sponsors an opportunity to fill their pipelines and sharpen their expertise through speakers, panels, and bite-sized content sessions. Thank you for your attendance and support this year!
We are thrilled to return to the Hotel at Avalon and Convention Center. This “Sip & Stroll” community allows us to leave the convention center hall and provide meaningful conversations and connections throughout the property. We have invested in an outdoor tented space for additional meeting spaces to give the attendees a covered, outdoor gathering space adjacent to the main ballroom.
We hope you joined us on January 8th for our preview event with Ty Gilmore, President of Tilray Brands Beer Division. This was a great way to kickstart our event, and the momentum continues with our outstanding lineup of speakers and thought leaders for this event, including our Keynote Conversation with GeorgeMattson,ChiefExecutiveOfficer at Wheels Up. We will have panels and breakout sessions during the conference on key topics, including Navigating Exits, Healthcare Costs, and how Operating Partners can navigate their firms, and our ever-popular Debt Market Update and Deal Trends panel. We encourage you to block these times on your calendar for takeaways for your business and clients.
We will open the conference on the afternoon of February 3rd with networking and meetings. The Dealmaker’s Lounge and the Exhibit Hall will be open for all attendees. We will host our popular Sparkling Connections event at Anthropologie just up the street from Avalon. The evening will bring together all conference attendees and sponsors for a wonderful cocktail reception. Hors d’oeuvres and cocktails will provide a perfect opportunity for networking before heading out for plans the night may hold for you.
Tuesday, February 4th, will be a packed day! Listening to feedback from prior years, we have a balance of expanded meeting times while still producing relevant and timely content sessions. Our meeting spaces open at 7:00 AM to maximize
meeting times. The formal schedule begins at 7:30 AM with our Emerging Leaders Breakfast. Young Leaders and those new to the industry can gather in South City Kitchen for breakfast and make meaningful connections before the day of meetings. In lieu of a formal Capital Connection and Reverse Capital Connection event, we instead encourage you to schedule the meetings that are most impactful for you.
During this time, investment banks and mezzanine capital sources will be exhibitors, while the private equity groups, corporate development officers, and other attendees will have the opportunity to obtain insights on prospective deal flow in 2025 and beyond.
Our opening session on Tuesday begins at 9:30 AM with a welcome from ACG CEO Brent Baxter, ACG Atlanta, and Platinum sponsor Bank of America. Our main stage will highlight the growth story and trajectory of Wheels Up. They will discuss how the South is winning big in aviation and joint ventures.
Following the Keynote, our set of content highlights what is driving value in the many deals attendees are seeing, exits, as well as our annual update M&A Deal Trends and Debt Market Updates. Our panelists and speakers are sure to deliver great information for you to take back to your clients, customers, and portfolio companies. Following the content and meetings, RSM is hosting a twilight reception on the Pool Terrace. Wind down with cocktails and apps before heading out for the evening.
On the morning of Wednesday, February 9th, we will have breakfast from the Waffle House food truck for those of you who had a late night! ALL exhibitors will have their dedicated meeting tables for the morning to continue meetings until 11:30 AM.
We hope that you will spend some time in the evenings at our beautiful venue at Avalon. South City Kitchen, Rumi’s Kitchen, Oak Steakhouse, and Ford Fry’s Superica are some of the best restaurants in the city. Avalon is an open-container community, so feel free to hop around and explore the many wonderful nightlife options the community has to offer. None of this would be possible without our loyal sponsors, many of whom have supported this event for more than a decade.
On behalf of the M&A SOUTH Committee and ACG Atlanta, I hope you will find this event a great way to build your pipeline for 2025.
Welcome.
Max Oligario Chair, M&A SOUTH 2025
A WORD FROM THE ACG ATLANTA CHAIRMAN OF THE BOARD
Welcome, and thank you for attending the 23rd annual M&A South! Whether you’re a veteran of our past events or a first-time attendee, the ACG Atlanta Board of Directors and I are confident you’ll have a productive and fun time in Atlanta. We hope you return home more informed and connected than when you arrived.
ACG’s global mission is to drive middle-market growth. Our organization comprises over 14,000 global members, and Atlanta is one of the largest chapters. We consistently hear that the M&A South conference is an essential start to each new business year. It serves as a key connection point for the local and national deal-making community through all of the people who travel here to participate year after year. The relationships our attendees establish, build, and reinforce through ACG events positively impact their businesses and careers, and this year’s conference is certain to deliver that for you again.
ACG Atlanta continually strives to find new ways to drive middle-market growth and promote networking within the deal community This year, we are committed to creating initiatives focused on fostering information sharing, education, inclusion, and access among companies, intermediaries, and investors in the middle market. This exchange of ideas and contacts will help continue the growth of the middle market ecosystem in Atlanta and the South.
M&A South is one of many opportunities for our members to network with the “Who’s Who” of the Atlanta and national business communities. With a membership base comprised of corporate leaders, investors, and advisors that serve the middle market, the benefits of exchanging information, opportunities, and growth strategies with decision-makers abound.
We hope you enjoy M&A South so much that you also will join us for our other annual signature events, including the Spring Summit on May 8th, the ACG Atlanta Georgia Fast 40 Celebration on June 12th to honor Georgia’s 40 Fastest-Growing Companies and, on August 22nd, the ever-popular Taste of ACG Atlanta, which offers quality networking along with superior wine and food. If you are an Equity Fund or Investment Bank, make sure to mark your calendars for our 2nd Annual DealSource event at Truist Park on September 10th. We welcome you to join ACG as a member, attend our events, and become involved behind the scenes on our various committees.
Finally, I would like to take this opportunity to thank the Chair of M&A South 2025, Max Oligario, our stellar host committee of ACG member volunteers, and our tremendous ACG professionals for all their efforts in making M&A South another “Must-Attend Event” for the ACG and M&A community. Please do not hesitate to find us at the conference if you have questions or need assistance. We look forward to hearing about your experience this week.
Very truly yours,
Colby Schwartz Chair of the Board, ACG Atlanta
COMMITTEE CHAIR:
MAX OLIGARIO
Bank of America
COMMITTEE MEMBERS:
GEOFF COAR
New State Capital Partners
BLAKE GODDARD Synovus
REESE HENSON Citizens
STEVEN HUNTER TM Capital
JOHN KAHN
CFGI
VIRGINIA KISELJACK
PNC Bank
PATRICK LANE
USI Insurance
JOHN MCCARTY
Star Mountain Capital
SUE MILLER Bank of America
STERLING MORRIS III Acuxcel
GINY MULLINS Linx Partners/LXP
RETT PEADEN
Smith, Gambrell & Russell
COLBY SCHWARTZ
Fifth Third Securities
JESSE SPELTZ Cabretta Capital
ACG ATLANTA STAFF:
MEG WILLIAMS Executive Director
GLORIA KANTOR VP Operations (Atlanta & South Region)
COLIN BLOUIN Chapter Manager
OPPORTUNITIES FOR CONNECTING
We are excited to return to the Hotel at Avalon and Conference Center.
Attendees have the opportunity to meet with each other via one-on-one meeting and visiting with our Exhibitors and Sponsors during the event.
Stop by the Deamaker’s Lounge
SPONSORED BY by Registration or connect with attendees in the Outdoor Tent off the ballroom.
Network Name
Network Password
WIRELESS SPONSOR
Make sure to check out the welcome video from
2025 CONFERENCE AGENDA
**PLEASE NOTE ALL TIMES ARE EASTERN STANDARD TIME**
MONDAY, FEBRUARY 3:
11:00 AM – 12:00 PM
• Roundtable led by GF Data (by invitation only)
Location: Rainwater
11:00 AM-6:00 PM
• Registration Open Location: Pre-Function
2:15 PM – 3:15 PM
• Corporate Development Roundtable (by invitation only)
Location: Rainwater
1:30 PM – 5:30 PM
• Dealmaker’s Lounge Open (Sponsored by Smith, Gambrell, & Russell)
• Meeting & Exhibitor Spaces Open Location: Skelton/Teasley
3:00 PM – 4:30 PM
• Sparkling Connections: ACG Women’s Networking Event (Sponsored by Burr Forman)
Location: Anthropologie 4180 Avalon Blvd, Alpharetta, GA 30009
4:30 PM-6:30 PM
• Opening Reception Location: Hagood & Tent
9:00 PM-11:00 PM
• Nightcap (Sponsored by P/S Atlanta)
Location: South City Kitchen Bar Monday Evening
• Private Dinners and events
TUESDAY, FEBRUARY 3
7:00 AM-5:00 PM
• Registration Open
• Meeting & Exhibitor Spaces Open
• Breakfast Buffet 7:30 AM – 9:00 AM
• Dealmaker’s Lounge Open (Sponsored by Smith, Gambrell, & Russell)
7:30 AM-9:00 AM
• Emerging Leaders Breakfast
Location: South City Kitchen
9:30 AM-11:00 AM
• Opening Session featuring the Keynote Presentation with GeorgeMattson of Wheels
Up Location: Trammel Devore Dodd
11:15 AM-12:25 PM
• Micro-Learning Sessions
Location: Brady
• The Evolving Role of Operating Partners in Private Equity: Taking a Hands-on Approach to Value Creation (Sponsored by Withum)
• War Stories: Succession Planning - Wins & Losses (Sponsored by Carr, Riggs & Ingram)
• Deal Stories in the Franchising Space (Sponsored by Fifth Third)
12:00 PM-1:00 PM
• Lunch
1:00 PM-2:00 PM
• Panel Session - Opportunities & Optimism: M&A Deal Trends (Sponsored by Eversheds Sutherland)
Location: Trammel Devore Dodd
2:00 PM-3:00 PM
• Micro-Learning Sessions
Location: Brady
• How Partnering with a PEO can Protect your Assets (Sponsored by TriNet)
• Nailing the Exit: What you Need to Know (Sponsored by CFGI)
• Mitigating Risks in M&A: The Cost of Misrepresentation and Health Plan Valuations (Sponsored by Marsh McLennan Agency)
3:00 PM-4:00 PM
• Panel Session - Annual M&A South Debt Market Update (Sponsored by Troutman Pepper Locke)
Location: Trammel Devore Dodd
4:30 PM-6:30 PM
• Evening Reception: Twinkling on the Terrace (Sponsored by RSM US LLP)
Location: Pool Terrace (weather permitting)
Tuesday Evening
• Private Dinners and events
WEDNESDAY, FEBRUARY 5
7:30 AM-10:00 AM
• Registration Open
7:30 AM-11:30 AM
• Meeting spaces will be open
• Dealmaker’s Lounge Open (Sponsored by Smith, Gambrell, & Russell)
8:00 AM-10:00 AM
• Breakfast – Waffle House Food Truck
Location: Portico
PLATINUM SPONSOR
GOLD SPONSORS
BUY-SIDE
•
•
•
•
•
•
•
•
RECEPTION SPONSOR
DEALMAKER’S LOUNGE SPONSOR
SILVER SPONSORS
HYDRATION SPONSOR
LANYARD SPONSOR
CONTENT SPONSORS
BOOTH EXPERIENCE SPONSORS
GELATO SPONSOR
WOMEN’S CHAMPAGNE TOAST
COFFEE SPONSOR
Founded in 2006, Riveron professionals simplify and solve complex business problems. We partner with CFOs, private equity firms, and other stakeholders to maximize outcomes. Riveron teams bring industry perspective and a full suite of solutions focused on the office of the CFO, M&A, and distress.
Sasha Morozova Senior Managing Director, Atlanta Market Leader sasha.morozova@riveron.com
Brad Dupree Director, Business Development brad.dupree@riveron.com
WIRELESS SPONSOR
Transaction Advisory & Readiness Support
Customer and Operational Experience
Emissions Consulting and Reporting
Federal and State
Credits & Incentives
Outsourced Accounting Advisory
Risk Advisory Services
Audit and Tax Compliance
GIVEAWAY SPONSOR
CHARGING SPONSOR
BRONZE SPONSORS
Partner with Aprio for Deal Flow, Value Creation and Growth Acceleration
Aprio is the trusted partner for private equity firms seeking to unlock value, accelerate growth, and access exceptional deal flow opportunities. Across industries—manufacturing and distribution, technology, government contracting, and healthcare—we deliver financial and tax insights, and operational and technology enhancements that drive measurable results, helping PE firms identify opportunities and maximize portfolio company performance.
For more information, contact:
Michael Levy Partner-in-Charge, Private Equity Services michael.levy@aprio.com 770.353.7168
Cardell McKinstry Partner, Private Equity Services cardell.mckinstry@aprio.com 770.353.2760
ADVISORY | ASSURANCE | TAX
We are a nationwide, scalable staffing solution that connects firms with top, on-shore talent.
At Cherry Bekaert, we’re reimagining the future of middle-market businesses by activating innovation with digitally enabled, end-to-end transformation solutions. Our goal is to guide you forward no matter the direction you’re headed. cbh.com
Get Real Values from Actual Deals No Guessing. No Extrapolation.
When it comes to valuing M&A transactions in the middle market, no other source provides the level of quality and granularity as GF Data.
GF Data provides the most reliable data on private-equity sponsored M&A transactions with enterprise values of $10 million – $500 million.
Uncover proprietary transactional information provided by an established pool of private equity groups on a blind and confidential basis. Obtain accurate and up-to-date information to value and assess middle-market businesses. To learn more about subscribing or contributing, scan the code or contact bdunn@acg.org. GFData.com GF Data is proud to be part of the ACG family.
alvin.johnson@hklaw.com
Leveraging collateral can be a powerful way to secure financing. An asset-based loan from Huntington Business Credit® can help with acquisitions, growth, recapitalization, cyclical needs, and more. We’ve financed solutions for hundreds of companies across wholesale, distribution, manufacturing, and retail to name a few.
We are a proud sponsor of SFNet's Asset-Based Capital Conference 2025 Contact us today to learn more: , Vice President (216) 515-07 | @huntington.com
VRA
Principal-in-Charge,
DIRECTORY Apply before March 15 for the Georgia Fast 40 Honoree Celebration
acg.org/atlanta/events/2025-georgia-fast-40-awards-celebration
SUPPORTING SPONSORS
Adams and Reese, LLP
3424 Peachtree Road NE Suite 1600 Atlanta, GA 30326 USA adamsandreese.com
Aprio 2002 Summit Boulevard Suite 120 Atlanta, GA 30319 USA aprio.com
Argent Institutional Trust Company
5901 Peachtree Dunwoody Road Suite C495 Atlanta, GA 30328 aitc.argentfinancial.com
Bank of America
3455 Peachtree Rd NE 12th Floor Atlanta, GA 30326 USA bankofamerica.com
Bank OZK
3215 Peachtree Road Ne Atlanta, GA 30305 ozk.com
BankUnited
3500 Lenox Rd NE #720 Atlanta, GA 30326 bankunited.com
Beech Valley Solutions
834 Inman Vlg Pkwy NE STE 230 Atlanta, GA 30307 USA beechvalley.com
Bennett Thrasher
3300 Riverwood Pkwy #700 Atlanta, GA 30339 btcpa.net
Burr & Forman, LLP 1075 Peachtree St NE Suite 3000 Atlanta, GA 30309 burr.com
Cadence Bank
999 Peachtree St NE #2600 Atlanta, GA 30309 USA cadencebank.com
Carr Riggs & Ingram
4004 Summit Boulevard NE Suite 800 Atlanta, GA 30319 USA cricpa.com
Atlanta ACG M&A SOUTH 2025 SPONSOR DIRECTORY
Carter Baldwin 100 Kimball Place Suite 225 Alpharetta, Georgia 30009 carterbaldwin.com
Centri Consulting 1175 Peachtree St NE Suite 1000 Atlanta, GA 30361 centriconsulting.com
CFGI
1 Lincoln Street Suite 1301 Boston, MA 02111 cfgi.com
Chamberlain Hrdlicka 191 Peachtree St NE 46th Floor Atlanta, GA 30303 chamberlainlaw.com
Cherry Bekaert 1075 Peachtree St NE Atlanta, GA 30309 USA cbh.com
CIBC Bank US
The Forum at West Paces 3290 Northside Parkway NW 7th Floor Atlanta, GA 30327 USA us.cibc.com/en/home.html
Citizens M&A Advisory 3550 Lenox Road NE Three Alliance Center, Suite 1200 Atlanta, GA 30326 USA citizensbank.com/homepage.aspx
City National Bank 3280 Peachtree Rd Suite 150 Atlanta, GA 30305 cnb.com
Croft & Bender 4401 Northside Pkwy Suite 395 Atlanta, GA 30327 USA croft-bender.com
Cuestra Partners 159 North Sangamon St Ste 200 Chicago, IL 60607 cuestapartners.com
DLA Piper 1201 W Peachtree St NE # 2800 Atlanta, GA 30309 dlapiper.com
Eversheds Sutherland
999 Peachtree Street Northeast Atlanta, GA 30309 USA eversheds-sutherland.com/en/unitedstates
Fifth Third Bank 3344 Peachtree Road NE Suite 900 Atlanta, GA 30326 USA 53.com/content/fifth-third/en.html
FORVIS
191 Peachtree Street NE Suite 2700 Atlanta, GA 30303 USA forvis.com/about-us/locations/atlanta-ga
Frazier & Deeter 1230 Peachtree Street Suite 1500 Atlanta, GA 30309 USA frazierdeeter.com
Fulcrum Equity Partners 5555 Glenridge Connector Suite 930 Atlanta, GA 30342 USA fulcrumep.com
GeniusMesh
2972 Webb Bridge Rd Alpharetta, GA 30009 geniusmesh.com
GF Data
227 West Monroe Street Suite 2100 Chicago, IL 60606 gfdata.com
Grata 1410 Broadway FL 2 New York, NY 10018 grata.com
Great Rock Capital Partners
3348 Peachtree Road NE Suite 725 Atlanta, GA 30326 USA greatrockcapital.com
Growth Operators
800 Lasalle Avenue Suite 1620 Minneapolis, MN 55402 USA growthoperators.com
Holland & Knight
1180 W Peachtree St NW STE 1800 Atlanta, GA 30309 (as of 1/16/25)
Huntington Bank
600 TownPark Lane Suite 390 Kennesaw, GA 30144 huntington.com
KSM
800 East 96th Street Suite 500 Indianapolis, IN 46240 ksmcpa.com
Marsh McLennan Agency 5555 Glenridge Highlands One Sandy Springs, GA 30342 USA marshmma.com
Martec 1603 Orrington Avenue Suite 305 Evanston, Illinois 60201 https://martecgroup.com/
Maudlin & Jenkins
200 Galleria Dr SE # 1700 Atlanta, GA 30339 mjcpa.com
Miller & Martin
Regions Plaza Suite 2100
1180 West Peachtree Street, N.W. Atlanta, GA 30309-3407 millermartin.com
Moore Colson
600 Galleria Parkway SE Suite 600 Atlanta, GA 30339 USA moorecolson.com
Nperspective CFO & Strategic Services
941 W. Morse Blvd. Suite 100
Winter Park, FL 32789 USA nperspective.com
P/S Reserve
1210 Toffie Terrace Atlanta, GA 30354, United States reserveps.com
PitchMaps
400 Galleria Parkway Suite 1500
Atlanta, GA 30339 USA pitchmaps.com
Plante Moran
27400 Northwestern Hwy. Southfield, MI 48034 USA plantemoran.com
Atlanta ACG M&A SOUTH 2025 SPONSOR DIRECTORY
PNC Business Credit 1075 Peachtree Street NE
Suite 1900 Atlanta, GA 30309 USA pnc.com/en/corporate-and-institutional. html
Riveron Consulting 3414 Peachtree Rd NE #850 Atlanta, GA 30326 USA riveron.com
Rosenthal & Rosenthal , Inc. 3379 Peachtree Road Northeast Suite 330 Atlanta, GA 30326 USA rosenthalinc.com
RSM LLP
One Atlantic Center 1201 West Peachtree Street NW Suite 800 Atlanta, GA 30309 USA rsmus.com
S&P Capital Market Intelligence 55 Water Street New York, New York 10041 spglobal.com/en
Sapling Financial Consultants Inc
100 Sheppard Avenue East Suite 860 Toronto, ON M2N 6N5 Canada saplingfinancial.com/v3/
Silverview Credit Partners
100 South Ashley Drive Suite 600 Tampa, FL 33602 USA silverviewcredit.com
Smith, Gambrell & Russell, LLP 1105 W. Peachtree St. NE Suite 1000 Atlanta, GA 30309 USA sgrlaw.com
Star Mountain Capital 140 East 45th Street 37th Floor
New York, NY 10017 USA starmountaincapital.com
TD Bank 104 S. Main Street Greenville, SC 29601 USA td.com/us/en/personal-banking
TresVista tresvista.com
TriNet
One Park Place Suite 600 Dublin, CA 94568 USA trinet.com
Troutman Pepper Locke 600 Peachtree Street N.E. Suite 3000 Atlanta, GA 30308 USA troutman.com/offices/atlanta.html
Truist 303 Peachtree Street NE 31st Floor Atlanta, GA 30308 USA truist.com/commercial-corporateinstitutional/strategic-advice/trustescrow-services
Valuation Research
3525 Piedmont Rd NE Building 7 #300 Atlanta, GA 30305 USA valuationresearch.com
Valuation Research Corporation
3344 Peachtree Road NE Suite 800 Atlanta, Georgia 30326 USA valuationresearch.com
VRA Partners
3630 Peachtree Road NE Atlanta, GA 30326 USA vrapartners.com
Warren Averett 6 Concourse Parkway Suite 600 Atlanta, GA 30328 USA warrenaverett.com
Windham Brannen 3630 Peachtree St NE #600 Atlanta, GA 30326 https://windhambrannon.com/
Withum 29 Old Lake Rd Hawthorn Woods, IL 60047 USA withum.com
RECEIVED BEFORE 1/10/2025
Glossary
Business Description:
A description of the firm’s primary type, preferences and location. PitchBook is an impartial information provider and will remove promotional language.
A Assets under management (AUM):
The amount of money that the investor manages for clients based on number of currently-managed funds.
A Active private equity investments:
The number of active companies in the investor’s current portfolio identified by PitchBook in the last five years. This includes add-on transactions.
T Total private equity investments:
The total number of companies in the investor’s portfolio, identified by PitchBook in the last five years. This includes add-on transactions.
T Target EBITDA:
Preferred EDITDA range targeted for investment.
T Target revenue:
Preferred revenue range targeted for investment.
P Preferred investment amount:
Preferred investment amount range that the firm typically invests in a transaction.
R Recently closed investments:
The top five recent investments or transactions serviced identified by PitchBook.
M Most recent closed fund (Type, Size, Vintage):
The most recently closed fund (The fund is no longer in a fundraising state and is not accepting additional commitments) identified by PitchBook. Evergreen funds are not included.
A All investments by industry:
Graph of transactions by industry, represented in the PitchBook Platform. This breakdown is based on primary industries of the portfolio/serviced companies.
Specific to Lender Profiles
T Total debt financings:
The number of entities identified by PitchBook that received debt financing from the firm in the last five years.
Target debt financing amount:
Preferred amount of debt typically provided by the firm in a transaction.
Specific to Service Provider Profiles
Total transactions:
The number of transactions identified by PitchBook that the firm has provided service on in the last five years.
T Total companies serviced:
The number of unique companies the firm has provided service to in the last five years, identified by PitchBook
Total investors serviced:
The number of unique investors identified by PitchBook that the firm has provided service to in the last five years.
Target EBITDA:
The EBITDA range for buy-side and sell-side target companies.
Target transaction amount:
The transaction amount range for buy-side and sell-side companies.
Disclaimer: This information is currently published in the PitchBook Platform or was provided by the firm for this conference.
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Artemis Transaction Advisors | Investment Bank Profile
General Information
Description
Founded in 1997, Artemis Transaction Advisors is a boutique investment bank based in Chicago, Illinois, with additional offices in Atlanta, Georgia, and Dallas, Texas. The firm specializes in mergers and acquisitions, refinancing, private market financing, refinancing existing debt, raising equity capital, and valuations for middle-market companies. Artemis caters to consumer products, industrial products and services, food and beverage, business services, education services, healthcare and patient services, and technology sectors.
Website www.artemis-ib.com
Entity Type Investment Bank
Also Known As Artemis
Formerly Known As Billow Butler & Company, L.L.C.
Legal Name Artemis Transaction Advisors, LLC
Service Provider Type
Contact Information
Primary Contact Darrell Butler
Investment Bank (Primary Type) Valuation Firm
Founder & Managing Director
dmb@artemis-ib.com
Phone: +1 (312) 559-1904
Year Founded 1997 Employees 10
Service Breakdown
Primary Office
225 West Wacker Drive Suite 1575
Chicago, IL 60606
United States
Phone: +1 (312) 559-9055 Preferences
Serviced Companies: 220
Serviced Deals: 150
Serviced Investors: 14
Automotive, Beverages,, Consumer Durables, Distributors/Wholesale, Food Products, Healthcare Devices and Supplies, Healthcare Technology Systems, Industrial Supplies and Parts, IT Services, Logistics, Other Business Products and Services, Other Financial Services, Other Healthcare, Other Materials, Plastic Containers and Packaging, Private Equity, Publishing, Services (Non-Financial), Software
United States
Sell-side, Add-on, Buyout/LBO, Corporate Divestiture, Debt - General, IPO, Management Buyout, Merger/Acquisition, PE Growth/Expansion, PIPE
Industrial Products & Services, Consumer Products & Services, Education Services, Healthcare & Patient Services, Business Services, Technology
Avance is a private equity firm guided by partnership, experience, diversity and growth. The firm focuses on transformational growth opportunities in the Services, Technology and Consumer sectors across the US.
MIDDLE MARKET
• $10 - 75M EBITDA
• Strong Management
• Favorable FCF Conversion
BUSINESS & TECH
• IT Services
• Info & Data Services
• Government Services
• BPO
• Consulting & Legal Services
• Human Capital Management
• Health Equip. Maintenance
OUR FOCUS
GROWTH
• Organic & Inorganic Levers
• Seeks 2x EBITDA in 5 years*
• Demographic & Tech Catalysts
AREAS OF INTEREST
INFRASTRUCTURE
& COMMERCIAL
• Engineering Services
• Facility Services
• TICC
• Paving & Road Safety
• Utility Maintenance
• Transportation & Logistics
CONSUMER
FOUNDER-OWNED
• Equity Alignment
• Value-Added Partner
• Strong Culture
• Food & Beverage
• Food Distribution
• Food Services
• Home Services
• Auto A ermarket
• Collision Repair
• Carwashes
FINANCIAL & INSURANCE
• Insurance Brokerage
• RIAs & Wealth Mgt.
• Tax & FP&A Services
• O ce of the CFO
• Retirement & Health
Benefit Services
DRIVING TRANSFORMATIONAL GROWTH IN PARTNERSHIP WITH MANAGEMENT
Avance works in partnership with management teams, industry executives and functional experts with the goal of increasing the EBITDA and enterprise value of each underlying portfolio company.
VALUE CREATION PROCESS
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8K01&0!H0D%-01!!/!!LL!;&0--%&!)10,&!2+%-&!=L??!M'&%11&N!2H!OPQ?=!!/!!CCCR0K01&0,0D%-01R,*E
Business lending
Small business
$672 million
Loans to small business
Credit extended to businesses that generally have annual revenues of less than $5 million.
Personal banking and investing
$49 billion
million
Credit extended to businesses that generally have annual revenues of $5 million to $2 billion.
*Total deposits within this market as of June 30, 2023, which may be inclusive of Consumer, Global Wealth & Investment Management (GWIM), Global Banking and Global Markets deposits.
**Home loan dollars reflect a rolling 12-month total of first mortgage loan production figures including Consumer Banking and GWIM.
***Global Wealth and Investment Management (GWIM), the wealth and investment management division of Bank of America, includes Bank of America Private Bank and Merrill. GWIM Client Balances consists of assets under management of GWIM entities, brokerage assets, and assets in custody of GWIM entities.
Community support
Grants and matching gifts2 (since 2019)
$42 million
Advancing economic mobility in the communities we serve, including creating opportunities for people of color. The Bank of America Charitable Foundation provides grants and matching gifts on behalf of employees.2
Employee giving and volunteerism2 (since 2019)
$5.1 million
266K hours
Total contribution by employees donated to local nonprofits and community needs. A portion of this amount was matched by the Bank of America Charitable Foundation.
Employee volunteers give their time to support people and communities who need us most, contributing two million volunteer hours annually. #BofAVolunteers
1 Digital active users represents mobile and/or online 90-day active users.
2 Community support amounts represent a cumulative five-year period of contributions; 20 quarters from fact-sheet date.
Al L. McRae President, Atlanta (al.mcrae@bofa.com)
October 1, 2024, update
bankofamerica.com/atlanta
The power of local connections
At Bank of America, we have leading capabilities across all our businesses and a strategy that is focused on connecting our capabilities to deliver for our customers and clients. In every situation, we re committed to growing responsibly and sustainably - ensuring everything we do aligns to our purpose of helping people live better financial lives.
Families can have the tools and support they need to live more successful financial lives.
Neighborhoods can be built on a solid foundation of responsible home lending and economic development.
Businesses, small and large, can benefit from our financial and intellectual capital.
And the organizations, nonprofits and companies addressing society s toughest problems can have the resources and expertise of the company and the efforts of our employees locally and around the globe.
In each market, we strive to connect everything our company offers to our clients personal and financial goals so we can provide tailored solutions to fit their needs. It s how we make this large company personal and how we help our customers, clients and communities thrive.
Neighborhood Builders
Since launching Neighborhood Builders in 2004, Bank of America has invested more than $300 million in nearly 100 communities across the U.S., partnered with more than 1,600 nonprofits and helped more than 3,000 nonprofits strengthen their leadership skills.
The Literacy Lab YWCA of Greater Atlanta
Terri S. Block Market Executive (terri.block@bofa.com)
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Blue Sea Capital | PE/Buyout Profile
General Information
Description
Founded in 2013, Blue Sea Capital is a private equity firm based in West Palm Beach, Florida. The firm prefers to invest in growth-stage companies through buyouts. The firm seeks to invest in business products, business services, healthcare, manufacturing, and industrials sectors in North America.
Website www.blueseacapital.com
Entity Type PE/Buyout
Also Known As Blue Sea
Legal Name Blue Sea Capital LLC
Spun Out Of Brockway Moran & Partners
Investor Type PE/Buyout ( Primary Type) Growth/Expansion
Investor Status Actively Seeking New Investments
† Includes
Contact Information
Primary Contact
Pat Boroian
Partner
pboroian@blueseacapital.com
Phone: +1 (561) 655 -8400 x132
Primary Office 222 Lakeview Avenue Suite 1700
West Palm Beach, FL 33401
United States
Phone: +1 (561) 655 -8400
Fax: +1 (561) 922-8844 info@blueseacapital.com
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Bravaldo Capital Advisors | Investment Bank Profile
General Information
Description
Bravaldo Capital Advisors is an Atlanta, Georgia-based boutique mergers and acquisitions and corporate finance advisory firm. Established in 2006, the firm offers a full range of transaction and advisory services, guiding clients through sell-side transactions and exit strategy planning, growth through acquisition, debt restructuring, and corporate recapitalization. BCA serves lower-middle-market companies that are primarily located in the Southeastern United States.
Website www.bravaldocapitaladvisors.com
Entity Type Investment Bank
Also Known As BCA
Legal Name Bravaldo Capital Advisors, Inc.
Service Provider Type Investment Bank (Primary Type) Financing Advisory
Contact Information
Primary Contact
Don Bravaldo III
Founder, President & Managing Partner
dbravaldo@bc-advisors.com
Phone: +1 (770) 599-7366
Primary Office
2839 Paces Ferry Road, Southeast Suite 450
Atlanta, GA 30339
United States
Phone: +1 (404) 857-2221 info@bc-advisors.com
Preferences
Preferred Industries
BPO/Outsource Services, Building Products, Capital Markets/Institutions, Chemicals and Gases, Commercial Transportation, Consulting Services (B2B), Consumer Durables, Consumer Non-Durables, Distributors/Wholesale, Electrical Equipment, Healthcare Services, Human Capital Services, Industrial Supplies and Parts, IT Services, Machinery (B2B), Media and Information Services (B2B), Other Commercial Products, Other Commercial Services, Other Metals, Minerals and Mining, Textiles
Geographical Preference Southeast
Preferred Deal Types
Acquisition Financing, Asset Divestiture (Corporate), Buyout/LBO, Corporate, Corporate Divestiture, Debt - General, Debt
Refinancing, Management Buyout, Merger/Acquisition, PE Growth/Expansion, Recapitalization
Preferred Verticals
Advanced Manufacturing, E-Commerce, Industrials, Manufacturing, SaaS, TMT
Burr & Forman | Law Firm Profile
General Information
Description
Founded in 1905, Burr & Forman’s experienced legal team has served clients at the intersection of business and government with local, national, and international interests in numerous industry and practice areas, ranging from intellectual property, commercial litigation an d class actions to corporate transactions, including franchise and distribution and bankruptcy and restructurings. A regional firm with 350 attorneys and 19 offices in Alabama, Delaware, Florida, Georgia, Mississippi, North Carolina, South Carolina, and Tennessee, Burr & Forman attorneys draw from a diverse range of resources to help clients achieve their goals and address their complex legal needs.
Website www.burr.com
Year Founded 1905
Entity Types Law Firm Employees 800+ Private Company Acquirer
Also Known As Burr, Burr and Forman LLP, Burr and Forman Limited Liability Partnership
Legal Name Burr & Forman LLP
Service Law Firm
Provider Type
Contact Information
Primary Contact
Edward Christian
Chief Executive Officer & Managing Partner
echristian@burr.com
Phone: +1 (205) 458-5155
Primary Office
420 North 20th Street, Suite 3400
Birmingham, AL 35203
Phone: +1 (205) 251-3000
Fax: +1 (205) 458-5100
OVERVIEW
Headquartered in Nashville, TN, with an additional office in Newport Beach, CA, Capital Alignment Partners (“CAP Funds”) has provided debt and equity to lower-middle market businesses since 2009 Generalists by nature, CAP Funds focuses on aligning its interests with management and other stakeholders, but has had a concentration of investments in healthcare, industrial and business service companies C Currently investing out of our fourth SBIC fund, which is a $375M investment vehicle, CAP Funds is actively looking to deploy capital to established lowermiddle market companies Our fund structure and LP base allows us flexibility to invest subordinated debt, minority equity, control equity, or any combination
CAP FUNDS SUMMARY
Investment Experience
Diverse investment background with over 130 years of combined investment experience in a variety of industries
Focused Investment Strategy
We have a core strength and focus on consolidation strategies in the healthcare and business service industries
Value-Add Investors
Our investors consist of large family offices and institutional investors that act as resources for the funds
• Healthcare and Business Services
• Lower-Middle Market
• Recurring Revenue Model
• Diversified Customer Base
• Strong Management Team/Depth
• Growth Strategy
• Acquisition Experience
Flexible Capital
Provide tailored debt and equity capital for growth, recapitalizations and consolidation strategies
Reputation
We rely on our industry experience, domain expertise, network of relationships, and capital markets experience to source our transactions
Results Driven
The firm has a proven track-record of creating value for our portfolio companies and investors
• Investment Size : $5M - $40M
• Mezzanine Debt Investments
• Equity Investments
• Sponsored and Non-Sponsored
• Control and Non-Control
• Revenue: $10M - $150M
• EBITDA: $2M - $20M
• MBOs and LBOs
• Strategic Consolidations
• Balance Sheet Restructuring
• Recapitalizations
• Shareholder Liquidity
• ESOP
• Growth Capital
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Capitala Group is an asset management firm that has been providing private credit and private equity capital to lower- and middle-market businesses throughout North America for over twenty-five years. Since our inception in 1998, Capitala has invested over $2.2 billion into small businesses utilizing our flexible capital mandate which provides creative financing solutions to companies. We seek to partner with strong management teams to create value and support growth through strategic partnerships, operational expertise, and a shared vision for success.
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Capitala works with management teams, business owners, funded financial sponsors and independent sponsors to individually tailor private credit and private equity capital to support the needs of lower- and middle market businesses. We have seasoned professionals with real operational experience in a variety of industries that can assist with implementing key strategies for ongoing growth and success.
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Based in Charlotte, North Carolina, Carousel Capital is a private investment firm that invests in companies located in the Southeastern United States. Carousel’s investor base includes institutional investors and an elite group of more than 100 current and former CEOs with deep connections in the region. Since its inception in 1996, Carousel has invested in 51 companies primarily in three targeted growth sectors: business services; consumer services; and healthcare services.
CHARACTERISTICS
Strong management team
Track record of growth
Strategic market position
Recession resistant
BUSINESS SERVICES
Tech-enabled services
Data collection/management
Distribution/Logistics
General outsourced services
Industrial/Environmental services
Insurance services/Insurtech
Route-based services
Software as a service
GEOGRAPHY
Platforms headquartered in Southeastern United States
Add-on investments can be in any location
CONSUMER SERVICES
Automotive aftermarket
Franchised consumer services
Niche packaging solutions
Outsourced consumer services
LIQUIDITY & GROWTH CAPITAL
Rationalize shareholder base
Diversify risk and personal net worth
Facilitate generational or management transfer
Relieve personal guarantees on debt or real estate
Accelerate organic growth through investments in corporate infrastructure
Fund geographic expansion or new products/services
Pursue add-on acquisitions
To Discuss New Investment Opportunities, Contact: Adam Elmore, Principal (704) 350-3220 | aelmore@carouselcapital.com
SIZE & TYPE
Initial transaction size of up to $250 million
EBITDA of at least
$3 million
Management buyout or recapitalization
HEALTHCARE SERVICES
Medical data management
Outsourced hospital services
Pharmacy services
Revenue cycle management
Dental products and services
Medical distribution
INVESTMENT PROFESSIONALS
ManagingPartners
Charles Grigg
Jason Schmidly
Partners
Peter Clark
Al Welch
Principals
Adam Elmore
Tyler Moses
Chris Wells
Brandon Moores
Will Hersman
Emily Johnson
Senior Advisor
Nelson Schwab
Investment Team
Investment Team
Investment Team
Investment Team
Business Development
Investment Team
Investment Team
Investment Team
Investment Team
Vice Presidents 201 North Tryon Street | Suite 2450 | Charlotte, NC | 28202 | P: (704) 372 -2040 | F: (704) 372-1040 | carouselcapital.com
Business Development
Advisor
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FLEXIBLE JUNIOR CAPITAL
Centerfield works closely with equity sponsors, independent sponsors, business owners, and management teams who seek subordinated debt and equity financing to build companies and create value.
TRUSTED PARTNER AND EXPERIENCED INVESTOR
We are seasoned professionals with multiple years of investing experience. Centerfield has invested in over 100 companies through various economic cycles, remaining steadfast even during challenging times.
HOLISTIC FINANCING SOLUTIONS
We are currently investing from our fifth fund, totaling $400 million. Our check size ranges from $7 to $30 million. Along with our subordinated debt, we can provide sizable equity co-investments. We can also o er a one-stop solution by soliciting senior financing proposals from our Bank LPs.
RELATIONSHIP FOCUSED WITH INFLEXIBLE INTEGRITY
Our team is honest and maintains an uncompromising adherence to strong moral and ethical principles. We strive to engender trust and forge long-term relationships with our investors and investment partners.
Investment Criteria
$15 to $100 million of revenue
$3 to $15 million of EBITDA
EBITDA margins generally > 10%
Experienced management
Positive industry trends
Stable and profitable growth
Strong market position
Sustainable margins
US based
Industry Focus
Business Services
Consumer Products
Healthcare Services
Manufacturing
Value-Added Distribution
LET S PARTNER
centerfieldcapital.com
Troy Clark 317-268-8621 troy@centerfieldcapital.com
Tye Stebbins 317-536-8652 tye@centerfieldcapital.com
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MERGERS AND ACQUISITIONS
Overview
A principal focus at Chamberlain Hrdlicka is mergers and acquisitions. Members of our Corporate, Securities and Finance practice group devote a significant portion of their time to facilitating the structuring, financing and successful completion of the full range of acquisitions, divestitures, public offerings, private placements, joint ventures/strategic alliances, refinancings, international cross-border transactions and other transactions undertaken by clients. We have worked on transactions ranging in size from a few million to more than half a billion dollars.
Our mergers and acquisitions clients have included publicly traded companies, privately held and venture-backed companies, partnerships, investment funds, management groups and entrepreneurs. Our clients range in size from emerging companies to large public corporations in a variety of industries.
Chamberlain Hrdlicka represents both strategic and financial purchasers, sellers, financing sources, management, and advisors in a wide range of transactions involving both public and private companies, including equity and asset acquisitions of both entire companies and subsidiaries or divisions, mergers, leveraged buyouts, spin-offs, recapitalizations and joint ventures.
Representative Experience
Represented private equity firm in $85 million strategic asset/equity acquisition of residential and commercial solar panel and battery installation company
Represented private equity company in $50 million equity sale of IT consulting, application, development and support enterprise with operations in US, Asia and Europe to publicly traded entity
Represented seller in $224 million asset sale of chemical manufacturing and distribution company to private equity firm
Represented private equity company in $165 million asset sale of software developer to publicly traded buyer
Represented international gaming testing and certification company in $75 million equity acquisition of industry competitor with operations in US and South America
Represented seller in $224 million asset sale of chemical manufacturing and distribution company to private equity firm
CHATHAM
One-Stop Finance Firm with over $1 Billion Managed
Chatham Fund VI is seeking new opportunities to invest in lower-middle market sponsored and non-sponsored companies. Chatham’s financing willmeet a wide range of needs, including organic growth, acquisitions, management buy-outs, corporate divestitures, recapitalizations, turnaround situations,distressed debt, and bridge loans. Since 200 1, Chatham has provided flexible capital solutions to companies to aid growth and allow ownership to realize its goals. Principals’ 100+ years of experience provide portfolio companies and co-investors with necessary expertise for the lower-middle market. Chatham invests across most industries, with specific expertise in healthcare, specialty retail, restaurants, software and financial services.
Minimum annual revenue of $10 million
Proven, well-balanced management team with significant personal capital at risk or a substantial equity sponsor
Favorable industry outlook for sustainable revenue growth
Leading market position or defensible niche
Proposed capital structure that is appropriate for the company
Strong free cash flow
Investment size: $2-$60 million
Senior debt, unitranche, second lien loans, subordinated debt and equityco-investment
Cash flow and enterprise value based loans
Term: up to six years
8%–15% interest with or without PIK
With or without warrants
Typically lead or participate in transactions requiring less than $50 million of financing; however, Chatham has led financing transactions up to $ 150 million
Principals collectively have over 100 years of diversified experience, completing more than 360 transactions totaling over $30 billion
Experience and firm structure allow us to be fast, flexible and dependable
Experienced in creatively structuringdifficult transactions and identifyingappropriate coinvestors, even for unusual situations
Investors include business owners/CEOs in a wide range of industries, a rich resource for evaluating deals and assisting portfolio companies
US Middle Market Investment Banking
Our team advises private companies, private equity funds, and corporations on mergers & acquisitions, junior debt and equity ca pital raises, and other transactions up to $500 million in enterprise value. CIBC’s middle market investment bankers bring expertise and relationships that extend across industries and borders and have collectively executed nearly 200 transactions over the last five years
Key highlights
Provide advisory services to CIBC clients and other relationships
30 professionals in Milwaukee, Chicago, and Denver collaborating with other CIBC business units
Investment banking services
M&A Advisory
Junior Capital Placement
Strategic Advisory
Focus
• Execute transactions up to $500 million in enterprise value
• Specialize in sell-side transactions and targeted buy-side assignments
• Raise up to $250 million of mezzanine debt and/or minority equity
• Ownership and generational transition planning
• Special situations transactions
• Debt restructuring
Our approach
We aim to achieve great client outcomes through disciplined and transparent transaction processes that optimize alternatives, valuation, and deal terms
Supporting capabilities
Visit our website https://cibcusmmib.com
About CIBC
CIBC is a leading North American financial institution with 13 million personal banking, business, public sector and institutional clients. CIBC offers a full range of advice, solutions and services in the United States, across Canada, and around the world. In the US, CIBC Bank USA provides commercial banking, private and personal banking and small business banking solutions and CIBC Private Wealth offers investment management, wealth strategies and legacy planning.
Learn more about CIBC at us.cibc.com/commercial •Commercial
CIBC Bank USA | Commercial Bank Profile
Services (B2C), Regional Banks, Specialized Finance, Thrifts and Mortgage Finance
Great Lakes, Midwest New England Upper Midwest Buyout/LBO, Convertible Debt, Debt - General, Debt - PPP, Debt Refinancing, Debt Repayment, Loan, PE Growth/Expansion, Revolving Credit Line, Secured Debt, Senior Debt
Criteria
History of profitable growth
Strong, sustainable competitive position
Management wishes to remain with the acquired business
Favorable growth prospects
Ownership transition for closely-held or family-owned companies
Recapitalizations
Buy and build strategies
Management buyouts
Corporate divestitures
Portfolio
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Partnership for the Middle Market
Comvest Private Equity is the private equity strategy of Comvest Partners, a leading private equity and credit investment firm with $12.9 billion of assets under management and over $14.4 billion invested since its inception in 2000. Comvest Private Equity pursues control investments in leading middle-market companies that can benefit from the strategy’s financial sponsorship, strategic guidance, and operating resources to build businesses for lasting growth.
Deep Industry
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• Consumer Products
• Consumer Services
Expertise
• Fashion, Beauty & Apparel
• Food & Beverage
• Multi-Unit
• Retail & Restaurants
4*%-'4)%$*+&*$/!)*&
• Behavioral Health
• Dental
• Home Care
• Multi-Site Consumer-Driven Models
• Outsourced
• Payor
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• Architecture, Engineering & Consulting
• Environmental Services
• Field & Facility
• Residential and Commercial
• Utility
• Value-Added Distribution & Logistics
0$1#*&&!1"%-+,+2%"%3*.+&*$/!)*&
• Human Capital / Education
• IT / Digital Transformation
• Marketing Services
• Professional Services & Consulting
• Supply Chain Services
• Tech-Enabled Services
Team Contacts
2-3%%&4564-78Managing Partner m.chawla@comvest.com 561-727-1790
9%$,35:-;-''% Partner k.lahatte@comvest.com 561-727-2037
<+,!5=4,%8>& Principal e.shields@comvest.com 561-805-3771
?"@%+52-++%+" Senior Partner r.marrero@comvest.com 561-727-2020
2-''5903A Principal m.kunz@comvest.com 561-727-2054
!"/*&'2*"'+0$1#!-*+
• EBITDA $7M+
• No minimum for add-ons
• $40M – $150M+ equity check size
• Will pursue larger transactions with LP co-investment
'$%"&%)'!1"+'50*&+
• Founder & Family Transition
• Leveraged Recapitalizations
• Corporate Divestitures
• Buyouts
• Complex Situations
• Public-to-Private
B3>+%75=4%-+ Principal a.shear@comvest.com 561-207-7240
D%+%E59-'!4,& Vice President, Business Development d.katchis@comvest.com 561-227-2799
B8%C5?-1 Director, Business Development a.ray@comvest.com 561-467-5244 Marshall Griffin Partner m.griffin@comvest.com 561-727-2052
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Providing Capital & Operational Experience to Manufacturing, Industrial Technology, Industrial Services, and Consumer Product Businesses
COREIndustrialPartnersisaprivateequityfirminvestingexclusivelyinlowermiddlemarket manufacturing,industrialtechnology,industrialservices,andconsumerproduct businesses.Webelievewegobeyondthetraditionalprivateequityapproachanduseour capital,insight,anddifferentiatedoperationalexperiencetobuildgreatcompanies.
COREhasraised morethan$1.58billionofcapitalcommitments andhascompleted over50transactions. Learnmoreat coreipfund.com
Ability to move quickly and close using $1.58B+ of committed capital
• Aerospace & Defense
Operational experience, industry connectivity, and resources to advance your company’s leadership position
Manufacturing
• Automotive & Transportation
• Building & Infrastructure
• Electrical & Power
• Food Manufacturing
• Highly Engineered Components
• Machinery & Equipment
• Medical Products
• Paper & Packaging
• Personal Care Products
• Specialty Materials
Industrial Services
• Environmental Services
• Equipment Services
• Facility Services
• Field Services
• Industrial Technology Solutions
• Infrastructure Services
John May Managing Partner john@coreipfund.com
Matt Puglisi Partner matt@coreipfund.com
Jason Fulton Partner
jason@coreipfund.com
• Maintenance, Repair & Operations
• Specialty / Value-Added Distribution
• Testing, Inspection & Compliance
TJ Chung Senior Partner Frank Papa Senior Partner
Rock Lambert Operating Partner
Ronald Rascia Managing Director
Bob Nardelli Senior Operating Partner*
*Mr. Nardelli is not a CORE employee but serves as a dedicated advisor to CORE.
CORE Industrial Partners inquiries@coreipfund.com
$887M of capital commitments closed in February 2024 Flagship Fund III: $685M Services Fund I: $202M
Revenue up to $200M
EBITDA up to $25M
Equity up to $150M
Majority Control
FamilySuccession| Leveraged Buyout| Growth Capital | Management Buyout | Carveouts | Turnarounds
Industrial Technology
• Additive Manufacturing
• Automation & Robotics
• Motion & Process Control
• Power Production & Management
• Rapid Prototyping
• Optics, Lasers & Photonics
• Sensors & Instruments
• Testing & Measurement
• Water & Environmental Technology
Consumer Products
• Beauty & Cosmetics
• Branded Products
• Household Care
• Paper & Packaging
• Food Ingredients
• Food Packaging
Carissa Walker Principal Business Development carissa@coreipfund.com
Sofia Byrne Senior Associate Business Development sofia@coreipfund.com
Chicago Office: 110 N Wacker Dr, Suite 2200, Chicago, IL 60606
Austin Office: 300 Colorado St, Suite 1850, Austin, TX 78701
Cleveland Office: 100 Park Ave, Suite 208, Orange Village, OH 44122
• Food Automation & Processing Equipment
• Food Distribution
• Pet Products & Services
Adam Miller Senior Vice President Business Development adam@coreipfund.com
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De NES Partners | Investment Bank Profile
Description
De NES Partners is a boutique mergers and acquisitions advisory firm dedicated to serving owners of single and multi-generational families and other privately-held businesses across the United States and works across the full spectrum of manufacturing, distribution, and company-to-company business services. The firm was founded in 2013 and is based in Atlanta, Georgia.
Website www.denespartners.com
Entity Type Investment Bank
Formerly Known As CBIZ Mergers & Acquisitions Group
Legal Name De NES Partners, LLC
Service Provider Type Investment Bank
Douglas Hubert, Co-Founder & Managing Partner dhubert@denespartners.com
Phone: +1 (770) 858-4491
Donald Schaeffer, Co-Founder & Managing Partner dschaeffer@denespartners.com
Phone: +1 (770) 858-4493
Business Products and Services (B2B), Consumer Products and Services (B2C), Healthcare, Information Technology, Manufacturing, Healthcare
States
(770) 858-4491
Buyout/LBO, Leveraged Recapitalization, Management Buyout, Merger/Acquisition, PE Growth/Expansion, Recapitalization E-Commerce, HealthTech, HR Tech, Industrials, Infrastructure, InsurTech, Legal Tech, Manufacturing, Marketing Tech, Mortgage Tech, SaaS, TMT, Healthcare, Manufacturing
GROSS ORIGINATION VOLUME LTM 18 Years A TRUSTED LENDING PARTNER
$3.0B
82 UNIQUE BORROWERS FUNDED LTM
$12.0B+ INVESTED CAPITAL SINCE INCEPTION
~150 ACTIVE PORTFOLIO COMPANIES
149
UNIQUE SPONSOR RELATIONSHIPS SINCE INCEPTION
Investment products include:
First Lien Senior Secured Loans
Target investment hold size: $25 million to $125 million with the ability to partner with other investors for larger transactions
Deerpath Target Market: EBITDA of $5 million to $25 million
Since 2007, Deerpath Capital has deployed over $12.0 billion of invested capital in more than 1,000+ investments, across a broad range of industries and transaction types.
We have direct origination and execution capabilities throughout the United States with origination offices in 5 major markets. In addition, our London, Seoul, Tokyo, and Australia locations support international investors.
FOR BUSINESS INQUIRIES:
Orin Port –Managing Director, Head of Sponsor Coverage oport@deerpathcapital.com | 954-703-6041
For more information, please visit www.deerpathcapital.com
Aerospace & Defense
Allergy Services
Automotive Components
Automotive Collision & Repair
Building Products
Car Wash Operators
Chemicals
Commercial Services & Supplies
Construction & Engineering
Consulting Services
Consumer Products
Dental
Dermatology
Distribution
Education
Environmental Remediation
Facilities Services
Fitness Operators
Food & Beverage
Healthcare Physician Practices
Healthcare Staffing
Home Health
Household Products
HVAC Services
Insurance Brokerage Services
IT Managed Services
Janitorial Services
Life Science Services
Machinery
Manufacturing
Ophthalmology
Orthodontia
Orthopedics
Outsourced IT Services
Outsourced Pharmaceutical Services
Physical Therapy
Primary Care
Professional Services
Refrigeration Repair Services
Restaurants & Entertainment
Restoration Services
Revenue Cycle Management
Security & Alarm Services
Software Services
Transportation
Urgent Care
Urology
New York Boston Chicago Fort Lauderdale
Unless otherwise specified, all data is as of 9/30/24
Utilities Services
Veterinary
Warehousing & Logistics
Search Services
Decades of Experience Sourcing Proprietary Deals
The Dinan & Company name is practically synonymous with success in buy-side M&A. We have developed expertise in generating proprietary deal flow for private equity, strategic buyers, and family offices, in both new platform and strategic add-on scenarios.
The core of our success begins with a proprietary database of the largest 570,000+ companies in North America, which has been methodically developed over the last 35 years.
The operational, financial, and situational characteristics compiled about these companies is unparalleled in the industry. This, coupled with a highly structured four-phase buy-side acquisition search program, has positioned us as the nation’s leading buy-side M&A group.
Access proprietary deal flow today. Contact us to discuss your acquisition criteria.
Event Attendee: Jeff Reichard
Director of
jreichard@dinancompany.com
Industry Expertise
Understanding a client’s industry, growth opportunities, value drivers, and challenges is paramount to obtaining a successful engagement outcome. We provide our clients with senior-level industry expertise through our dedicated industry groups in the following sectors:
Building Products & Services
Sub-Contractors
Business Services
Financial Services
Professional Services
Consumer
B2C Services
Consumer Products
Food & Beverage
Healthcare
Physician Practice Mgmt
Post-Acute Care
Healthcare Products
Provider & Payor Services
Industrials
Aerospace & Defense
Distribution
Energy & Infrastructure
Industrial Services
Manufacturing
Technology
IT & Managed Services
Software
Tech-enabled Services
Transportation & Logistics
Advisory Services
financial decision of your life. Dinan Capital some of the highest closing success rates in M&A. Let us help you achieve your ideal outcome.
The Dinan Difference
Decades of Expertise
Experience matters. Our decades of expertise empower us to guide clients through complex transactions, regulatory changes, and evolving markets with confidence. With a singular focus on M&A, we’ve seen nearly every type of transaction, building comprehensive expertise across a wide range of deal structures.
Event Attendee: Tom Gerlacher
partnership with an advisor who can guide you in evaluating the best time to sell and optimal structure for the transaction. Dinan Capital’s senior M&A professionals ensure you explore all relevant sale considerations.
Is now the right time to sell? Contact us for a complimentary analysis.
Middle Market Focus
Dinan was founded to bring Wall Street-caliber expertise to business owners in the thriving middle market. With decades of experience exclusively in the middle market, we have deep insight into its dynamics. Our extensive network of relationships enables us to identify the right financial and strategic buyers to bring to the table.
Managing Director, Dinan Capital Advisors tgerlacher@dinancapital.com
Decades of Data
Drawing on over 35 years of cultivating direct relationships with business owners, Dinan has assembled an extensive database of the 570,000+ largest private companies in the U.S. By leveraging advanced AI technology, Dinan now has unmatched access to exclusive market insights drawn from this extensive data set.
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Fidus Capital manages over $1.0 billionof assets via multiple financing vehicles including its publicly traded business development company (NASDAQ: FDUS) We have completedover 210 new platform investments and over 500 acquisitionssinceourinceptionin 2007
Ourpartners havean average of 25+ years of experience investing across multiple industries and asset classes including senior, second lien and junior debtsecurities and various of equity structures
Fidus provides debt and equity financing solutions to lowermiddle market companieswith revenues typically ranging from $10 - $250 million
We partner with financial sponsors, managementteams and business owners to provide customized financing packages to meet the specific needs ofourclients and their companies
Company EBITDA: >$3 million (except for certain SaaS/software/recurring revenue businesses)
Facility Size Range: $10 million to $250 million
Investment Purpose: Change of control, business expansion, add-on acquisitions, transformational growth initiatives, refinancings and dividend recapitalizations
Investment Structures: Unitranche debt, second lien debt, mezzanine debt, preferred stock and common equity
Investment Profile: Cash Flow, ARR, and Asset Based credit facilities
Industry Focus: Fidus invests in businesses that operate in the following industries:
Partnering with Fidus
Demonstrated focus in the lowermiddle market (companies with $20-$300 millionin enterprise value) sinceourfoundingin 2007
Knowledge ofthe operational and managerial complexities and challenges that growing lowermiddle market companiesmight encounter during their evolution
Industry expertise, a network of resources, flexible capital solutions and a team thathas deployed more than $2.3 billionof capital together
Fidus is Capital Partnership
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Great Rock Capital Partners | Lender Profile
General Information
Description
Founded in 2015, Great Rock Capital is an asset-focused commercial lender that supports middle market companies across North America by providing increased liquidity and growth capital. The firm offers senior secured financing solutions that include flexible revolver, term-heavy, and term-only structures, which range in size from $10 million to $100 million. The firm has received significant capital commitments from its partners, a private equity business, and a large institutional investor.
Website www.greatrockcapital.com
Entity Types Senior Lender Private Company Lender/Debt Provider
Also
Contact Information
Primary Contact
Jennifer Cronin
Managing Director & Head of Marketing cronin@greatrockcapital.com
Phone: +1 (203) 557-6277
Preferred Industries
Primary Office
285 Riverside Avenue | Suite 350 Westport, CT 06880
United States
Phone: +1 (203) 557-6277
Aerospace and Defense, Agriculture, Automotive, Construction and Building Products, Consumer Durables, Consumer NonDurables, Containers and Packaging, Healthcare, Industrial Supplies and Parts, Machinery and Equipment, Metals, Minerals and Mining, Technology, and Transportation
Geographical Preferences North America – Canada and the United States
Preferred Deal Types
Acquisition Financing, Debt - General, Debt Refinancing, Dividend Recapitalization, Bank Replacement Financings, Merger/Acquisition, Refinancings and Recapitalization, Senior Debt, Secured
Preferred Verticals
Advanced Manufacturing, Consumer, Industrials, Infrastructure, Manufacturing , Transportation
Growth Operators | Management Consultants Profile
General Information
Description
Over a decade ago, Growth Operators® built a new kind of advisory firm. We believed too many middle market companies lacked the finance, accounting, and human resources capabilities to promote growth and scalability. Having spent our careers in industry as leaders who built these functions for great companies, we decided to leave our industry careers and create a firm that is 100% focused on helping middle market companies build great finance, accounting, and human resources functions. Why? Because we believe you can build a good company without strong finance and HR capabilities, but you can’t build a great one And why build something good when you can build something great?
Growth Operators is a private equity-focused finance, accounting and HR consulting and advisory firm based in Minneapolis, Minnesota. We cater to PE-sponsored companies in the middle market - where finance, accounting and HR are chronically under-resourced and not adding value Our professionals (“Growth Pros”) have deep hands-on leadership and management experience spanning over two dozen industries We serve our clients as interim or fractional finance, accounting, and HR executives and/or managers, or as consultants and advisors on specific projects and initiatives. We are industry agnostic, but we have deep experience in Health Care & Life Sciences , Manufacturing & Industrial, Value-Added Distribution, Business Services, Retail, Restaurant & Consumer, Food & Beverage , Technology /Media/Telecommunications, and Software
Our operational acumen, proprietary nextLevel® value creation planning process, and hands-on, roll-up-our-sleeves approach creates measurable and sustainable value for our clients. At Growth Operators, we turn good companies into great companies.
Website www.growthoperators.com
Entity Type Management Consultants
Formerly Known As GO Intellectual Capital
Legal Name Growth Operators, LLC
Service Provider Type Management Consultants Year Founded 2010 Employees 65 Service Breakdown Serviced Investors: 7
Contact Information
Primary Contact s
Rick Nordvold
Founder & CEO
rick.nordvold@growthoperators.com
Phone: +1 (952) 400.1442
Ron Hornbaker
Chief Revenue Officer
ron.hornbaker@growthoperators.com
Phone: +1 (612) 615.2908
LaSalle Avenue Suite 1620
Phone: +1 (952) 400 -1440
info@growthoperators.com
Since1984wehaverealizedthepromiseandpotentialofmodernindustrialandbusinessservices companies.Weformpartnershipswithmanagementteamsandarenotday-to-dayoperators.We createacultureofcollaborationandbroadenequityparticipation.Ourapproachisgrowth-oriented, straightforwardandeven-keeled.Webelievein perseverance,ingenuity,transparencyand r results.
Headquartered
Automation Solutions and Services
Regulatory and Compliance Driven Solutions
Technical, Testing and Measurement Equipment
Engineered Components and Instrumentation
Aftermarket Parts and Services
Process Equipment and Engineered Systems
Environmental and Infrastructure Services
Control Systems Integration
Tech-Enabled Services
Management Buyout / Majority Recap
Corporate Divestiture
ESOP Replacement
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We Connect Innovation To Growth
Operating at the intersection of investment banking and consulting, we partner with inspiring companies, entrepreneurs, and private equity firms to help them design and execute their strategies for growth or exit. With years of experience as investment bankers and management consultants, we help growing teams improve their opportunities for success.
WH AT WE DO
Whether it s improving existing operations, creating liquidity for owners or growing through acquisition, it helps to workwith someone who knows your industry and has done it all before and manytimes over.
SEL L-SIDE ADVISORY
M &A for Fou nder owned Businesses
Buy s ide for P rivate Equity
OUR PRACTICE LEADS
Sell side Advisory
Carolyn Mathis, Partner cmathis@hvadvisors.com
Buy side Advisory
B2B Tech & Services
Margaret McCormick, Director mmccormick@hvadvisors.com
Jonathan Hollis, Director jhollis@hvadvisors.com
John Mathis, Partner jmathis@hvadvisors.com Industrials
Nate Shepherd, Partner nshepherd@hvadvisors.com
Financial Services & Technology
Doug Moffitt, Managing Director dmoffitt@hvadvisors.com
Harris Williams | Investment Bank Profile
General Information
Description
Founded in 1991, Harris Williams is an investment banking firm headquartered in Richmond, Virginia. The firm advises in the areas of acquisition advisory, restructuring, board advisory, private placements, and capital markets among others. Harris Williams caters to an array of industries including aerospace, defense, government services, building products, materials, beauty, business services, consumer, energy, infrastructure, healthcare, life sciences, industrials, technology, media, telecommunications, transportation, and logistics.
Website www.harriswilliams.com
Entity Types Investment Bank Private Company Investor Service Provider Types Investment Bank (Primary Type) Business Intermediary Financing Advisory Other Service Provider Type
Contact Information
Primary Contact
Julia Moore
Senior Marketing Specialist
jmoore@harriswilliams.com
Phone: +1 (804) 648-0072
Aerospace and Defense, Building Products, Commercial Transportation, Distributors/Wholesale, Distributors/Wholesale (B2C), Energy, Government, Healthcare, Industrial Supplies and Parts, Logistics, Materials and Resources, Media, Specialty Retail, Telecommunications Service Providers, Transportation
Americas, Asia, Canada, Europe, United States
Primary Office
1001 Haxall Point 9th Floor
Richmond, VA 23219
United States
Phone: +1 (804) 648-0072
Acquisition Financing, Add-on, Buyout/LBO, Merger/Acquisition, PIPE, Recapitalization
Beauty, Big Data, CleanTech, Climate Tech, CloudTech & DevOps, Construction Technology, Cybersecurity, Digital Health, E-Commerce, EdTech, FinTech, FoodTech, HealthTech, HR Tech, Industrials, Infrastructure, InsurTech, Internet of Things, Legal Tech, Life Sciences, Manufacturing, Marketing Tech, Mobility Tech, Nanotechnology, Oil & Gas, Oncology, Real Estate Technology, Restaurant Technology, Robotics and Drones, SaaS, Space Technology, Supply Chain Tech, TMT, Virtual Reality
LEADING BUYSIDE ADVISORS SINCE
1990
Buy-side Focus – Since 1990, the principals at Harvey & Company have specialized solely in executing proactive acquisition search campaigns and generating strategic and non-auction/proprietary deal flow for private equity funds and acquisitive corporations. The firm assists its clients in acquiring founder-and family-owned businesses in privately-negotiated transactions.
Track Record
virtually all of which were non-auction transactions, including 161 proprietary deals in 2023.
Experienced Team
on acquisition searches within industrial, business, and financial services; manufacturing; healthcare; distribution; consumer; technology; education and energy. Harvey & Company has the experience to help clients think strategically and creatively to identify and qualify acquisitions with new products, services, and markets/channels of distribution to generate actionable, value-creating deals.
Client Centric Approach – Harvey & Company seeks long-term relationships with its clients, although
house and overseas research staff, enable us to start generating deal flow within weeks of engagement.
HARVEY & COMPANY AT A GLANCE:
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Heritage Capital Group is an investment banking and financial advisory firm serving middle market and emerging growth companies in the US and worldwide. For 48 years, Heritage Capital Group has provided objective advice to private companies in the areas of mergers, acquisitions and divestitures, business valuations, debt and equity capital raises, corporate restructurings, and financial and strategic advisory services focused on enhancing the value of business enterprises. Heritage Capital Group is a FINRA registered broker dealer. Heritage Capital Group is a member of Oaklins, the world s most experienced mid market M&A advisor, with 850+ professionals globally and dedicated industry teams in 45 countries worldwide.
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Elevating Businesses in Partnership with Management
Overview
Highland Rim Capital is a private equity firm focused on partnering with proven management teams within established O'</&$<<$<!ELG('DL('E!EL$!P&/E$;!>EAE$<8!!Q'G!/&%$<E.$&E!.(;$0R!KL/BL!EAGD$E<!EL$!0(K$G!./;;0$!.AGS$ER!<'HH(GE<!A&;! A<</<E<!.A&AD$.$&E!K/EL!DG(KEL!/&/E/AE/%$<!A&;!<EGAE$D/B!A&;!(H$GAE/(&A0!/.HG(%$.$&E<8!T$!O$0/$%$!('G!E$A.U<!$.HLA</<! (&!.A/&EA/&/&D!EL$!0$DAB=!A&;!B'0E'G$!()!EL$!O'</&$<<$<!/&!KL/BL!K$!/&%$<E!.AS$<!'<!A&!AEEGABE/%$!HAGE&$G!)(G!O(EL!O'</&$<<! (K&$G<!A&;!.A&AD$.$&E8!!V/DL0A&;!#/.!FAH/EA0U<!HG/&B/HA0<!LA%$!K(GS$;!A&;!/&%$<E$;!E(D$EL$G!</&B$!7,,W!A&;!B(00$BE/%$0=! $X$B'E$;!(G!.A&AD$;!YZ!H0AE)(G.!AB['/</E/(&<8
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IndustryPro at a Glance
Maximizing Private Equity Success
For over thirty years, we have built long-standing relationship with private equity firms and strategic buyers, providing them with high-quality investment and acquisition opportunities that meet their unique investment criteria. We take a highly targeted and deep industry knowledge enables us to uncover off-market deals that are not widely advertised, giving our clients a competitive edge in the market:
the specific investment mandate of our private equity partners. Our extensive network and unique deal-sourcing processes enable us to uncover off-market opportunities that are not widely advertised, giving our clients a competitive advantage in the market. approach to sourcing investment opportunities that align with
sgurney@industrypro.com
dstaffieri@industrypro.com
Healthcare Services panderson@industrypro.com
Payton Anderson zcapra@industrypro.com
Consumer & Manufacturing Services cdowless@industrypro.com Cory Dowless
Exterior Home Services bford@industrypro.com Brian Ford
Professional Services djorgensen@industrypro.com
Who We Are
Kensington Park Capital (KPC) is a boutique investment bank specializing in middle-market mergers, acquisitions, and sale-of-company engagements. Our senior bankers have over 90 years of combined experience in investment research and middle market M&A. We have closed over 300 recapitalizations and company sales across virtually all industry sectors.
Transaction Profile
• Sell side M&A, recapitalizations and buyouts
• Focus on founder and owner operated private companies
• Significant experience in all industry sectors
• Only represent institutional-quality companies
• Non-Tech acquisitions: EBITDA between $5M and $50M
• Tech acquisitions: annual recurring revenue > $5M
• Growth based equity capital raises greater than $10M
• Growth based debt capital raises greater than $20M
Selected Transactions
Why Partner with KPC?
Experience: Over 36 years of building solid relationships with hundreds of strategic and private equity buyers.
Breadth: Sold or recapitalized hundreds of companies. across all industries using a wide variety of deal structures.
Reputation: The hundreds of buyers and sellers in our history will testify to our transparency, honesty and integrity.
Results: One of the highest conversion rates ratio of closings to engagements in the investment banking industry.
Banker Recognition
• Global M&A Network Atlas Awards- 2023 Deal of the Year
• Americas Top 50 Investment Bankers 2023 by Global M&A Network
• Global Finance World’s Best Investment Bank
• Ernst & Young Finalist Entrepreneur of the Year
• Nashville’s Entrepreneur of the Year
• Tennessee Governor’s Award for Trade Excellence
Senior Leadership
• John McDonald , Co-Founder, Tampa jmcdonald@kensingtonpark.com
• Berry Cox , Co-Founder, New York bcox@kensingtonpark.com
• Mark Cleveland , Managing Director, Nashville mcleveland@kensingtonpark.com
• Brad Farris , Managing Director, Orlando bfarris@kensingtonpark.com
• Barry Shevlin , Managing Director, Miami barry@shevlinatkins.com
• Arnaud Viviers , Managing Director, Atlanta aviviers@kensingtonpark.com
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PORTFOLIOINVESTMENTCRITERIA
Kian Capital manages over $1bn in assets, is currently investing out of its oversubscribed $430M third fund and hasclosed on over 70 platform and add-on deals since our founding with t he help of our network of intermediaries. We recognize the importance of deal referral sources in providing us with promis ing opportunities and offer referral fees for those resulting in a transaction.
PleasecontactDavidDukeatdduke@kiancapital.comwithanyopportunitiesthatfitourareasoffocus.
INVESTMENT CRITERIA
OWNERSHIP DYNAMICS
Preference for founderowned / owner-operated businesses with a desire to reinvest a significant portion alongside Kian
TRANSACTIONTYPES
Focused on control buyouts but will consider minority investments
• Low CapEx —high variable costs; low fixed costs $10-100M in Revenue
SECTOR FOCUS AND TARGET VERTICALS
COMPANY CHARACTERISTICS
• Diversified customer base
• Has a true reason to exist; competitive advantage in their market; customer-focused value proposition Leader in a market of at least $500M
• Strong management team and leadership
• Attractive growth prospects —both organic and through acquisition
• Strong financial performance and controls
SECTOR BUSINESS MODELTARGETED VERTICALS
VALUE-ADDED DISTRIBUTION
SERVICES
• Wholesale Technical Sales
• Aftermarket Parts and Services
CONSUMER
SPECIALTY MANUFACTURING
• Industrial products -flow control, automation, motion control, fasteners, MRO/Safety, engineered components, infrastructure
• Home services end markets —HVAC equipment & supplies, plumbing, electrical
• Food, food ingredients, and food service equipment
• Packaging
• B2B IT Services -MSPs, MSSPs, Cloud, application consulting services Expert consulting serving needs related to governance, compliance, certification, testing and inspection
B2C
Healthcare
• Branded DTC
Multi-unit
Asset-light, assembled
• Proprietary design, formulas, etc.
• Specialty contract manufacturing
• Commercial insurance services -brokerage, claims management related services
• Auto services -repair & maintenance services, collision services, dealer services
• Commercial/Industrial field & facilities services -environmental services, repair/maintenance services (tree/vegetation management, infrastructure services, commercial roofing, etc.)
• Home services -pest, lawn care, landscaping, foundation repair, tree trimming, plumbing, electrical, etc.
• Wealth management services
• Insurance agencies
• Specialty practice —dental, dermatology, eye care, podiatry, PT, urgent care, etc.
• Tech enabled business services to healthcare facilities
Automotive aftermarket
• Enthusiast end markets—outdoor, hunting, fishing, active lifestyle
• Pet products and services
• Replacement parts
• Personal care contract manufacturing
• Technical industrial products
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Transaction Advisory
Managing Risk, Ensuring Success
Whether you re looking to buy a company or sell one, it s crucial to make calculated, thoughtful decisions, overcome any potential roadblocks, and bring your deal to a close. That s exactly what Katz, Sapper & Miller s dedicated transaction advisory team does. Using our middle market expertise and diverse range of transactional experience, we help you get the most out of your transaction throughout the entire process.
Pre Transaction Advisory
Financial modeling
Tax structure optimization
Letter of intent consultation
Sell side due diligence
Historical accounting record clean up
Organize and streamline chart of accounts
Cash to accrual basis conversion
Due Diligence
Financial due diligence
Quality of earnings evaluations
Net working capital analysis
Tax due diligence, including federal, state and local, and international
IT and cyber due diligence
Key deal issues and liability exposures
EBITDA and cash flow trends and projections
Business valuation services
Internal controls and financial reporting reviews
Post Transaction Advisory
Working capital adjustments
Purchase price adjustments and support for allocation
Opening balance sheet audits
Financial modeling
First year tax return preparation
Audit
Impairment testing of goodwill and intangible assets
Outsourced finance and accounting
ksmcpa.com/transactions
Deal Success Made Simple Here s a look at some of our recent deals.
$2M 20M
Average EBITDA Range
Up to $500M Deal Range
Founded: 1942 Partners: 70 Employees: 700+ Offices: 5 Indianapolis Cincinnati Evansville Fort Wayne New York
175 Annual Deal Volume
Matt Long Director of Business Development, Private Equity
P 317.452.1365
E mlong@ksmcpa.com
About KSM
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LCG ADVISORS Firm
Overview
ABOUT THE FIRM
LCG Advisors is a leading financial consulting and transaction advisory firm specializing in mergers & acquisitions and other select advisory services. We offer a wide breadth of services providing clients with one comprehensive source for high-level advisory expertise. Regardless of the situation, we believe in something bigger: the relationship with our clients.
Wide breadth of services and a single source for situations requiring high-quality financial guidance
Big-Four resources with a boutique feel and flexible approach
Exceptional responsiveness and communication
Tailored approach to each client and engagement
Cost-effective offerings in even the most complex situations
LCG was founded in 2003 as a response to the need for specialized financial services within several niche markets. Now, LCG has an extensive presence in the lower middle market across more than eight divisions with over 140 employees nationwide. Along with the external work we do, we are proud to be named a Best Places to Work honoree several years in a row.
ABOUT US:
PREMIER SMALL BUSINESSES
Based in Nashville, TN, Lead Capital Partners is a private investment firm focused exclusively on healthcare companies in the lower middle- market. Lead Capital acquires majority ownership positions in founder owned and operated businesses. Lead Capital provides liquidity to shareholders of privately owned businesses, facilitates transition of ownership to key managers, and provides an environment that allows employees and management teams to capitalize on growth opportunities. We are not operators; rather, we are a resource for management, leveraging our healthcare industry knowledge and experience operating in a highly regulated environment. We work closely with management to set the company’s strategic direction and support activities that will increase the company’s value at the eventual time of exit.
INVESTMENT PRINCIPLES
HEALTHCARE SERVICES
RECURRING REVENUE
GROWING INDUSTRY
INVESTMENT CRITERIA
FRAGMENTED LANDSCAPE
DIVERSE CUSTOMER BASE
SECTORS
GEOGAPHIC DENSITY
INVESTMENT TEAM
Pryor Smartt Managing Partner (615) 400 1528 psmartt@leadcp.com
Tate McNeilly Director (615) 969 9808 tate@leadcp.com
Carl Grote Director (615) 948.3512 cgrote@leadcp.com
Brenna Thomson VP Business Development (615) 545 3133 bthomson@leadcp.com
John Peake, CPA VP of Finance & Fund Administration (478) 972 2863 jpeake@leadcp.com
Chip Royal Associate (919) 810 9759 croyal@leadcp.com
HEALTHCARE SERVICES
Clinical Research
Compliance / Credentialing
Continuing Education
Correctional Healthcare
Employee Health & Wellness
Hospital Staffing
IT Support / Optimization
Laboratory Services
Revenue Cycle Management
Specialty / Veterinary Pharmacy
Third Party Administrators HEALTHCARE IT
Continuing Education / Training
Cyber Security
Practice Management
Revenue Cycle Management
Telemedicine
Utilization / Population Management
Anthony Swenson Associate (615) 881 6548 aswenson@leadcp.com
www.leadcp.com
bthomson@leadcp.com | (615) 545 3133 3817 Bedford Ave | Suite 220 | Nashville, TN 37215
LFM Capital
1312 Third Avenue North Nashville, Tennessee 37208
lfmcapital.com
About LFM Capital
Operators. Engineers. Partners.
We are a Nashville-based private equity firm founded by operators and engineers. We invest in manufacturing companies in the U.S. and Canada.
We are driven by a passion for invigorating the manufacturing sector in North America. Our vision is to grow successful manufacturing businesses that leave a lasting legacy.
Investment Focus
Financial Profile
Fund Size: $310 million
Type: Lead or control investments
Transaction: Management Buyout, Corporate Carve-out, Strategic Add-ons
Company Size: $3 to $15 million EBITDA
Sector: North American manufacturing and industrial services
Our Approach
We have a highly flexible model.
We are excited to partner with current owners and management teams. We also partner with owners looking to make a transition and work together to help identify the next leader.
We are on-call to support management teams with operational expertise but give them autonomy to run their businesses. We work hard to preserve legacy, focus on company culture, and empower employees to develop and grow.
We believe manufacturing transcends the shop floor.
Sales, marketing, product development, supply chain, distribution, and manufacturing are all critical to success. We work alongside companies to identify their growth levers and then work as a team to decide which to pull and how hard.
Steve Cook, Executive Managing Director
Principal, TVV Capital COO, MFG.com
Southeastern Regional Senior Director, Dell Lieutenant, U.S. Navy
B.S. Electrical Engineering, US Naval Academy
M.S. Electrical Engr. and Computer Science, MIT MBA, MIT Sloan School of Management
Dan Shockley, Managing Director General Manager, Ditch Witch
General Manager, Caterpillar Facility Manager, Caterpillar
B.S. Metallurgical Engineering, University of Missouri Rolla
M.S. Mechanical Engineering, MIT MBA, MIT Sloan School of Management
Chris Lin, Managing Director
Case Team Leader, Bain & Company
B.S. Biomedical Computation, Stanford
M.S. Electrical Engr. and Computer Science, MIT MBA, MIT Sloan School of Management
Jessica Ginsberg, Managing Director
Portfolio Management Officer, Bank of America
Vice President, Essex Investment Management
Associate, Pamlico Capital Analyst, Leveraged Finance, Bank of America BSBA, Georgetown University
Conner Harris, Managing Director
Vice President, The Riverside Company Vice President, BDCA
Analyst, BlackArch Partners
Mechanical Engineer, Westinghouse Nuclear
B.S. Mechanical Engineering, North Carolina State University
Ken Hoefling, Operating Partner** Vice President, Caterpillar
General Manager, Caterpillar Product Manager, Engineering Manager, various engineering positions, Caterpillar BS, Iowa State University
Caterpillar Executive MBA, Stanford University
**Operating Partners are employees of LFM, but the Firm is reimbursed by the portfolio companies where they dedicate time.
LFM Senior Team
How
we are different
Partnering with owner-managers
We focus exclusively on owner-managed businesses using a unique partnership model that enables owners to realize substantial liquidity at closing and retain board control.
What shareholders receive
AT CLOSING
• Realize up to 85% of business value in cash
POST INVESTMENT
• Continued ownership of 30% or more of their business
• Continued control of their company’s board of directors and their own destiny
• A value-added partner aligned to support the continued success of their business
What we look for
INVESTMENT CRITERIA
• Owner-managed businesses
• Headquartered in the US
• Enterprise values of $20MM - $150MM
• Management team has a desire to collaborate on creating additional value
• Strong management team with a plan for continued growth and desire for a meaningful ownership stake
TYPICAL SITUATIONS
• Asset diversification
• Diversification with a shift in responsibilities
• Cash out inactive shareholders
• Generational transition
The Lineage team has completed more than 60 investments over the last 20 years. The firm is currently investing out of a $275 million committed fund.
INDEPENDENT SPONSORSHIP
Loki is a dynamic investment firm that rigorously evaluates potential investment opportunities across a range of interest areas. While we maintain a diversified approach, we concentrate the majority of our efforts on lower middle market buyouts in “Old-World economy" industries. Our diversified approach allows us to identify and capitalize on opportunities with varied investment horizons and product markets. Our investment criteria reflect our commitment to identifying high-potential companies that can benefit from our expertise and resources.
INVESTMENT CRITERIA
EBITDA: $2+ MILLION
Target Industries
Old World Economy
Paving, Wood Processing, Roofing, Freight, Other Blue-Collar Industries
Other Industries
Cyber Security, Healthcare, Water
Characteristics
Growth Opportunities:
Companies seeking capital for expansion or potential buyout opportunities.
A passionate executive team dedicated to realizing their vision Market Resonance:
Unique, customer-centric products and services.
A commitment to delivering market value through ingenuity.
Financial Stability:
A robust financial foundation with transparency and effective management.
Demonstrated financial discipline and resource management.
Market Savvy:
A clear understanding of market dynamics and a knack for seizing growth opportunities.
Thriving in markets with high fragmentation and low-tech adoption.
Competitive Edge:
Possessing a distinctive advantage that sets the company or sponsor apart.
A clear strategy to maintain and leverage this competitive advantage.
Exit Strategy Excellence:
A well-defined vision for achieving large multiple exits, ensuring a profitable return on investment.
Coyote, a multifaceted player in the paving industry. Over 2-3 years, Loki advised Coyote on strategic growth levers to increase revenue and valuation.
Beginning with a deep dive discovery of Coyote's current business model and operations, Loki led the development of Coyote's strategic vision and paths of
understanding of the paving industry fueled guidance for Coyote to target more maintenance/repair revenue, pursue additional municipality work to broaden its to better utilize equipment and team resources to increase margins by a minimum of 25%. This streamlining of labor and equipment utilization helped Coyote to earn ~5x the average revenue per employee in comparison to similar companies.
Loki conducted a strategic
data, and operations; and developed materials to present Coyote in methods that resonated with sophisticated buyers.
Coyote ultimately sought a majority recapitalization. Loki advised Coyote as it navigated the complexities of the sales process, ensuring a seamless transition to new ownership while preserving Coyote's esteemed reputation and maximizing shareholder value, helping Coyote to achieve a value 3x that which the owner originally anticipated.
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Main Street provides debt and equity capital to lower middle market companies. Through a unique, one stop shop partnership model, Main Street o ers capital solutions to entrepreneurs, business owners, and management teams to meet their goals whether to diversify wealth, achieve liquidity, complete a management buyout or execute mergers and acquisitions.
INVESTMENT CRITERIAINVESTMENT STRUCTURES TRANSACTION TYPES
Revenue of $10 $150M
EBITDA of $3 $20M
Stable, positive cash flow
Proven market position
Strong management team
$10 $100M investment size
Ability to syndicate larger transactions
Industry generalists
ONE-STOP SHOP CAPITAL
Simpli ed Capital Structure
Senior
Unitranche
Subordinated term debt
Long term structures with minimal or no fixed amortization
We have the flexibility to customize investment structures to meet the needs of our portfolio companies. Main Street s primary objective is to create a capital structure that best aligns the interest of all stakeholders in both good economies and more challenging markets.
Regardless of equity ownership percentages, we aim to structure financial partnerships that align our interests with the business, allowing management to maintain significant operational and stra tegic control. More than just a financial partner, we can also provide strategic insight and make valuable introductions to industry experts and service providers.
Recapitalizations
Family estate planning
Management buyouts
Refinancings
Strategic acquisitions
Expansion and growth initiatives for later stage companies
Change of control
LONG TERM CAPITAL
Flexible and long-term
As a publicly traded investment firm, we have permanent capital and are not bound by the requirements of most institutional funds. This allows us the flexibility to be a longterm partner, without being pres sured with arbitrary investment horizons or a scheduled exit strategy imposed on institutional funds.
TRUST AND TRANSPARENCY E cient Execution
We strive to keep capital structures simple. From a letter of intent to close, there will be no surprises. Our ability to invest in both debt and equity securities and fully finance a transaction means that business owners and management teams work with only one financial part ner. This reduces cultural and execution risk, expediting the closing process to allow business owners and management teams to focus on what is important the business.
Mangrove Equity Partners is a Tampa, Florida-based, operationally-focused private equity firm that sponsors entrepreneurs and business owners across dozens of industries.
Currently investing from our third captive fund, Mangrove maintains a dedicated full-time team of operating partners who are actively engaged in supporting our portfolio partners. We pride ourselves in our character, experience, ability, and the desire to help our partners prosper
INVESTMENT CRITERIA
We look to partner with owner- and entrepreneur-operated businesses in the United States and Canada with the following criteria in mind:
Industry Focus
Industrial Manufacturing
Industrial and Business Services
Enthusiast-Driven Consumer Products
Specialty Rental
Target Company Size
EBITDA: $3 - $10M
Revenue: $8 - $100M
* will explore smaller businesses for add-on investments
HOW WE’RE DIFFERENT
Transaction Types Recapitalizations
Family Succession Recaps
Management Buy-Outs & Buy-Ins
Industry Consolidations
Select Underperformers
MEANINGFUL EXPERIENCE
OPERATIONAL EXPERTISE
HONESTY & TRANSPARENCY
Mangrove has extensive experience partnering with owners and management teams since 2006, which means we can tackle even the most complex challenges in almost any industry sector.
Our operating team understands and relates to the unique demands that come with running a lower middle market business. As operators ourselves, we speak the language and find commonality with the owners and management teams with whom we partner.
Responsiveness, integrity, respect, and partnership have always been the hallmarks of Mangrove. We value trusted relationships with intermediaries and provide quick, honest, and productive feedback.
CLOSING POWER
More than 130 transactions in 60+ industries allows us to easily navigate the transaction process and get deals across the finish line quickly.
Marsh McLennan Agency (MMA) is one of the nation’s leading insurance brokerages, providing comprehensive risk management and employee benefit solutions to organizations of all sizes.
Designed to meet the unique needs of growing companies, MMA combines capabilities with caring, global reach with local support, and advanced technology with human connection. Working with MMA, you’ll have access to the global resources of Marsh while working with passionate professionals in your community.
Let MMA take you there
Unlimited possibilities come with seemingly unending challenges, but MMA is committed to seeing you thrive. With our in-house resources and world-class service, we can help you overcome the unknown and build a future that is truly limitless.
In-house resources
• Actuarial
• Wellness
• Compliance
• Loss prevention
• Claims advocates Services we provide
• Business Insurance
• Employee Health & Benefits
•Executive Benefits
•Private Client Services
MMA by the numbers
Proprietary solutions
• Benefits administration platforms
• Employee benefits mobile app
• Planning & Analytics for Total Health
•Rx Solutions
• Retirement Services
• Risk Management
• Surety
9,000+ Colleagues
170+ Locations 9th Largest agency
1,565 Producers
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1330 Avenue of the Americas, 36 th Floor New York, NY 10019 (212) 651-4615 │ www.mfgpartners.com
MFG Partners (“MFG”) is a private equity firm that makes control investments in founder andfamily-owned industrial businesses in the lower-middle market.We invest in businesses with sustainable competitive advantages and untapped growth potential in their respective industries.
Our Firm
MFG teams with existing ownership and management by investing $10 million to $75 million of equity in their businesses and providing strategic and operational support to companies across North America.We work with company founders, owners,and management teams to identify growth opportunities and maximize return on invested capital.
Led by Jeff Mizrahi & Jonathan Schilowitz, the MFG team hasidentified unique investment opportunities, successfully executed principal investments, and managed highly profitable exits. As an independent sponsor, MFG completed 8 platform investments and 15 add on-investments to date. Due to MFG’s tremendous success, we raised our first institutional committed fund in May 2024 with $300 million in total commitments.
Targeted Sectors
■ Industrial Services
■ Infrastructure, Utility, Environmental, Field, Facility, MRO, and Commercial
■ Contracting & Construction
■ Value-Added Distribution
■ Industrial products
■ Manufacturing
■ Highly engineered products
Current Portfolio
Realized Investments
Jeff Mizrahi| Partner
Investment Focus
■ Fund Size
■ $300 million
■ Financial Criteria
■ Family and Founder-Owned Businesses
■ Revenue range: $10 - $300 million
■ EBITDA range: $5 - $30 million
■ Transaction Types
■ Control Buyouts
■ Recapitalizations
■ Add-ons
Headquartered in Des Moines, Iowa, MCG provides omnichannel business services, including outsourced mail presorting, printing, lettershop, and digital communications to companies throughout the United States
Headquartered in Closter, New Jersey, Elgen engineers, manufactures and markets HVAC ductwork components used primarily in commercial construction and renovation
Headquartered in Warfordsburg, Pennsylvania, Mellott provides a full spectrum of aggregates processing and equipment distribution, as well as systems engineering and equipment application services
Headquartered in Northbrook, Illinois, A-Z Wire and Cable is a leading distributor of wire and cable products for electrical distributors, original equipment manufacturers (“OEMs”), and other end -users across the United States
Headquartered in Columbus, Ohio, CST is an infrastructure service company providing a range of excavation, underground and maintenance services to public utilities (electric, natural gas, water), telecom providers, and other businesses
Storage Solutions is a leading warehouse integrator that provides solutions for material handling and industrial storage equipment, including design, equipment procurement, and installation. Completed two add-on acquisitions during ownership
LCR Contractors is one of the largest spray fireproofing and spray applied thermal insulation subcontractors in the United States. Completed two add-on acquisitions during ownership
Alliance Environmental is a leading provider of asbestos and lead abatement, mold remediation, and through its subsidiaries, AirTek and Coast, indoor air quality services such as duct cleaning and HVAC maintenance. Completed four add-on acquisitions during ownership.
Jonathan Schilowitz | Partner
Ryan Richardson | Vice President 212.651.4616 │ jeff@mfgpartners.com 212.651.4617 │ jonathan@mfgpartners.com
707.738.4255 | ryan@mfgpartners.com
TARGET MARKET
Geography: Global exposure with North American or European HQ
Sectors: B2B Industrials, Manufacturing, and Specialty Distribution
Special Thesis Areas: Mobility Infrastructure Industry 4.0
Exclusions:
>25% exposure to Big Box Retail Turnarounds
Munich, Germany
Revenue: ~€135M
Fund(s): Fund III Acquired: Nov 2024
Quebec City, QC
Revenue: ~$13M
Electric Drive Systems Manufacturer Milton Keynes, UK Fund(s): Fund II / MOF Acquired: July 2024
CHARACTERISTICS
Good business:
End market growth
EXPERIENCED OPERATORS INVESTING IN THE MIDDLE MARKET
Historical growth at/above market Market leading player
Strong FCF conversion
Operationally underperforming peers/ benchmarks
Definable Value Creation Plan prior to close
DEAL SIZE
Equity Investment: $20M to $350M
EBITDA: $15M to $100M Revenue: >$75M
Transaction Size: Up to $500M
Precision-Focused Tools Manufacturer Athol, MA
Revenue: ~$256M Fund(s): Fund III Acquired: May 2024
Worker Safety & Access Solutions
Andrews, SC
Revenue: ~$150M Fund(s): Fund II Acquired: Nov 2022
Bicycle Parts & Accessories Distribution
Quebec City, QC
Revenue: ~CAD $170M
Fund(s): Fund II Acquired Sep 2022
Fund(s): Fund II Acquired: Jan 2023 Steel Infrastructure Manufacturer Kosciusko, MS
ON
Revenue: ~$750M
Fund(s): Fund I / MOF
Acquired: Oct 2021
Metal Processing & Distribution
Carol Stream, IL
Revenue: ~$300M
Fund(s): Fund I
Acquired: Dec 2019 Realized: Nov 2023
Garage Door Components
Archbold, OH
Revenue: ~$250M
Fund(s): Fund I Acquired: Sept 2021
Metal Springs Manufacturer Southfield, MI
Revenue: ~$110M Fund(s): Fund I Acquired: April 2019 Realized: Sept 2023
FUNDS
Fund I: Flagship
Fund II: Flagship
MOF: Overage vehicle investing in EV, lightweighting, autonomous, and connected car technologies
Fund III: Flagship
Additional Co-Invest on every deal ($1B+ to date)
AUM: $3.7B
Engineering Services
Valencia, Spain
Fund(s): Fund II / MOF Acquired: Mar 2024
Metal Processing & Distribution
Carol Stream, IL
Revenue: $1B
Fund(s): MiddleGround Carbon CV Acquired: Nov 2023
Automotive Transmission
Thatcham, UK
Revenue: ~£82M
Fund(s): Fund II / MOF Acquired: July 2023
Flow Control Distributor
Baton Rouge, LA
Revenue: ~$500M Fund(s): Fund II Acquired: July 2022
Lightweight Auto Technologies & Auto Electrification
Revenue: ~$140M
Fund(s): Fund I Acquired: Dec 2020
Valley City, OH
Revenue: ~$1.2B
Fund(s): Fund I / MOF I Acquired: Nov 2020
Powersports Aftermarket
Mentor, OH
Revenue: ~$325M Fund(s): Fund II Acquired: Nov 2021
Thermoplastic, Thermoset Injection Molding Hopkins, MN Revenue: ~$80M Fund(s): Fund I / MOF Acquired: Feb 2023
Precast Concrete Manufacturer
Canal Fulton, OH
Revenue: ~$125M Fund(s): Fund II Acquired: Nov 2021
Steel Metal Fabricator
Hartford, WI
Revenue: ~$150M Fund(s): Fund I Acquired: May 2019
Precision Metal Components Elyria, OH
Revenue: ~$220M Fund(s): Fund I Acquired: July 2018
Mechanical Control Systems - Automotive Ann Arbor, MI Fund(s): Fund II / MOF Acquired: Nov 2021
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BUY & SELL SIDE
TRANSACTION
ADVISORY
As a result of over 40 years of experience consulting with stakeholders in transaction environments, we are uniquely positioned to successfully advise our clients undertaking acquisition or divestiture activities. Our experienced professionals routinely provide expert financial and tax diligence designed to identify and evaluate value propositions in business combinations while minimizing the risk and exposure to our clients. Our approach emphasizes proactive communication, responsiveness and high levels of Partner participation throughout the entire transaction life cycle. We work closely with financial and strategic buyers to provide customized services tailored to identify opportunities and issues within the proposed transaction.
TEAM LEADERS
Christopher D. Fagan Partner and Transaction Advisory Practice Area Leader
Jason Birmingham Partner
John Makuch Partner
Jonathan Levens Partner
Reena Booker Director
Patrick Hutchinson Senior Manager
Jon Powell Partner and Cybersecurity Leader
One of Atlanta s largest accounting firms, Moore Colson has over 40 years of experience working with closely held businesses, private equity groups (PEG and PEG owned businesses), and publicly traded businesses in Atlanta and throughout the country. We build long term relationships to fully understand our clients needs, which in turn provides unique solutions to maximize profits, lower taxes, and create financial security.
OUR PERSPECTIVE
We consider ourselves an extension of our clients team and provide them with expertise necessary to fully understand the risks and opportunities in the proposed transaction. Accordingly, we strive to be as transparent as possible as we develop our tailored agreed upon services and perform those services to meet our clients needs with frequent communications regarding findings, issues and observations throughout the engagement.
OUR TRANSACTION LIFE CYCLE SERVICES
Our client centered, tailored approach to transaction advisory is based on experience, expertise and the knowledge that every transaction and every client has unique needs. Our experienced team is available to assist you throughout the entire transaction life cycle.
PRE-DEAL STRATEGY AND ASSESSMENT
Financial modeling and projections
Transaction and tax structuring
Letter of intent advising
ACQUISITION TARGET EVALUATION
Historical financial statement analysis
Quality of earnings and net assets assessment
O balance sheet risk assessment
Accounting systems and controls assessment
Management and financial personnel assessment
Tax compliance and exposure assessment
Information technology assessment
Transitional risk assessment
Asset based borrowing capacity assessment
DEAL STRUCTURE AND EXECUTION
Deal structure and negotiation assistance
Purchase agreement review
Purchase price adjustment/settlement analysis
Transitional service agreement review
Transition/Integration planning
POST-TRANSACTION INTEGRATION
Purchase price settlement assistance
Purchase price allocation assistance
Purchase accounting assistance
Opening balance sheet validation
Transition assistance
Founded in 2013, we’ve grown into a diverse team of 30+ driven professionals, fueled by an entrepreneurial spirit and a commitment to transparent execution
With 40+ successful acquisitions to date, we’re experienced in seizing opportunities and delivering results. Geoff Coar
Our flexible investment approach allows us to invest in any structure whether it’s full control, minority stakes, or unique special situations, we adapt to what works best.
Adam McDowell amcdowell@newstatecp.com
Shaun Vasavada svasavada@newstatecp.com
Daniel Han dhan@newstatecp.com
Kurt Lentz klentz@newstatecp.com IT SERVICES Parashar Ranade pranade@newstatecp.com
Will Swayne wswayne@newstatecp.com
John Beauclair jbeauclair@newstatecp.com
Northcreek Mezzanine is a Cincinnati, OH based SBIC formed primarily to originate mezzanine debt and equity investments for dynamic lower middle -market companies across a wide variety of industries.
Investment Strategy and Philosophy
Northcreek is currently investing out of Fund IV, a 2024 vintage -year fund Our investment strategy focuses on originating and making mezzanine debt and equity investments in both sponsored and non -sponsored lower middle-market companies across the U S Northcreek is a proven and reliable financial partner having invested in 80+ companies since its founding in 2010. Northcreek is fully committed to partnering with financial sponsors, independent sponsors, search fund sponsors and directly with private companies to provide highly customized financial solutions
Northcreek professionals have deep expertise in the credit markets having invested in hundreds of lower middle market companies throughout their careers providing senior, mezzanine debt and equity Our strength lies in the experience of our investment team and our flexibility to provide highly customized financial solutions Our competitive edge is our track record of working closely with our partners to execute and close transactions quickly and efficiently and our reputation for being quick to action, fair, thoughtful, interested, and patient throughout the underwriting and investment period
Investment Criteria
Generally, non-control mezzanine debt and equity co-investments in the United States that fit the following parameters:
• Revenue: At least $5.0 Million
• EBITDA: At least $1.0 Million
• Industries: No industry focus or bias
• Investment Size: $1.0 - $12.0 Million (Avg. $7.0MM)
• Time to Maturity: 3 – 5 Years
Investment Professionals
Rodger Davis Managing Director
C: 513-520-4930 rdavis@northcreekmezzanine.com
Ken Mai, CPA Vice President Finance C: 513-518-1186 kmai@northcreekmezzanine.com
Barry Peterson Managing Director C: 513-703-1551 bpeterson@northcreekmezzanine.com
Brian Baird Vice President C: 513-218-6880 bbaird@northcreekmezzanine.com
• Purpose: Acquisitions, Growth, Recapitalizations, Refinancings, Market/Product Expansion
• Company Characteristics: Strong management, diversified revenues, history of profitability, acquisition or organic growth opportunities
Adam Gates Partner C: 513-225-1430 agates@northcreekmezzanine.com
Nic Ruscello Vice President C: 937-902-5732 nruscello@northcreekmezzanine.com
Tom Baker Senior Vice President C: 513-403-9995 tbaker@northcreekmezzanine.com
Brendan O’Brien, CPA Associate C: 513-520-0407 bobrien@northcreekmezzanine.com
NORTHMARQ SALE LEASEBACK ADVISORY
Northmarq is an industry-leading capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in investment sales, debt, equity, loan servicing and fund management on all asset classes. We are the largest privately owned commercial real estate capital markets firm in the U.S. with more than 40 offices and more than1,000 employees.
$75B+ INVESTMENT SALES TRANSACTION VOLUME
SALELEASEBACK CONSIDERATIONS
60+ YEARS OF EXPERIENCE
The sale-leaseback (SLB) strategy has become a highly sought-after tool for business owners, private equity firms, and M&A advisors as a means to maximize value and take advantage of arbitrage by monetizing corporate real estate assets within existing operating companies and potential acquisition targets.
The M&A process can often include the business and company owned real estate. Financial sponsors, business owners, and M&A advisors turn to Northmarq to provide optionality and maximize real estate proceeds.
Northmarq is also engaged in capital raise and restructuring assignments when there is an opportunity to leverage a sale-leaseback as an alternative source of capital.
Why Should a Financial Sponsor Execute a Saleleaseback?
Higher and better use of capital
Multiple arbitrage for value creation
Balance sheet optimization
Attractive financing alternative
SERVICE OFFERINGS
Use
of
Sale-leaseback Proceeds
Fueling growth & funding acquisitions
Expanding footprint
Buying equipment
Dividend recap to sponsor
Benefits for M&A Transactions
Accretive acquisition financing
Reduce equity check for acquisition
Bridge a valuation gap
Provide holistic liquidity solution for seller
Lower effective acquisition multiple
Our team provides the full suite of corporate real estate advisory solutions for investment banking partners, private equity firms and financial sponsors. We operate across the United States in all major real estate asset classes including industrial, retail, healthcare, medical, office, land, and specialized assets. We generate and deliver value for our clients as it relates to the real estate assets of operating businesses and acquisition targets in live M&A transactions.
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LEVERAGE FINANCE
BUSINESS PROFILE
• Middle-market focus with minimum EBITDA of $8 million
• Generalist sector approach, including business services, consumer products and services, specialty finance, distribution and logistics, food and beverage, packaging, manufacturing & industrials, and energy
• Businesses in North America, Europe, Australia, & Latin America
TRANSACTION TYPES
• MBO & LBO
• Recapitalizations & shareholder buyouts
• Growth & acquisition financing
• Refinancing
• Dividend & equity distribution
• Heavy Equipment or Vessel Financing (Senior Debt)
SENIOR DEBT
• First lien or second lien
• Revolvers and term loans
• Cash flow and asset-based lending
• Committed delayed-draw term loans
• Target hold size $10-100 million; Ability to arrange larger transactions in-house (up to $250 million)
• 4-7 yearmaturity and flexible amortization structure
CAPITAL OPTIONS
We can provide capital across the balance sheet, including appetite in one or more of the following tranches for a seamless, flexible, “one-stop” financing solution:
• First Lien Senior Debt
• Second Lien Senior Debt
• Subordinated Debt
• Preferred / Structured Equity
• Common Equity Co-invest
$12.3 billion direct lending senior originations since 2000 and $7.5 billion subordinated debt and equity originations since 1995 as of 9/30/24.
JUNIOR CAPITAL
PGIM Private Capital is a global private capital provider, investing in private debt and equity for nearly 100 years. We manage a portfolio of $108.5 billion across more than 1,300 portfolio company relationships (as of 9/30/24) and have a significant appetite to provide capital to leading middle-market companies worldwide.
• Subordinated debt
• Preferred / Structured equity
• Common equity co-invest
• Accordion and follow-on capital
• Target hold size $10-150 million (up to $250 million w/ LP co-investors)
• 6-7 yearmaturity; no amortization
DIFFERENTIATED APPROACH
• Sponsored or non-sponsored transactions
• Patient capital with a relationship-based approach
• Multi-currency capabilities; cross-border financing experience with local market knowledge
• Committed capital through market cycles
financing.pgimprivatecapital.com
+1 (404) 870-3741
Year Founded: 1895
NYSE: PIPR
Headquarters: Minneapolis, MN
CEO: Chad Abraham
President: Deb Schoneman
Employees: 1,800
Offices: 60+
INVESTMENT BANKING
Our investment banking group partners with corporate clients and financial sponsors to provide advisory and financing services related to mergers and acquisitions, equity and debt capital markets, private placements, private capital advisory, GP advisory, restructuring and corporate & venture services.
We offer in depth knowledge and industry relationships in our core sectors:
! Chemicals
! Consumer
! Energy & power
! Financial services
! Healthcare
! Services & industrials
! Technology
EQUITY SALES & TRADING
In equities, our sales & trading teams facilitate public offerings in our core sectors and deliver decades of experience and product expertise to identify unique liquidity and provide best execution. We are a market maker and transact in 2,500 securities, offering traditional, algorithmic and program trading approaches.
EQUITY & MACRO RESEARCH
Equity Research
Piper Sandler research analysts are regularly recognized by Greenwich Associates, Institutional Investor and Thomson Reuters Starmine Awards.
Our 60+senior analysts produce industry leading, deep sector research on more than 1,000 stocks under coverage, including the largest small/mid cap coverage on Wall Street. Our investor conferences and roadshows provide access to management teams from leading companies.
Macro Research
Our research teams, annually recognized by Institutional Investor, develop and connect macro insights from around the world, delivering an impartial comprehensive overview of important global trends and help identify macro inflection points.
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As a leading investment bank, we enable growth and success for our clients through deep sector expertise, candid advice and a differentiated, highly productive culture. We transcend transactions to define possibilities enabling clients to achieve their short term goals while realizing their long term vision. Founded in 1895, the firm is headquartered in Minneapolis with offices across the United States and in London, Aberdeen, Munich and Hong Kong.
Learn more at pipersandler.com
PUBLIC FINANCE
In the negotiated and private placement market, we have a longstanding reputation as a leader in the municipal bond issuance industry1 Supported by a broad national platform, our expert teams leverage localized knowledge to facilitate the issuance of tax exempt and taxable debt across a range of sectors and services:
Our Sectors
! State & local government
! K 12 education
! Special districts
! Housing
! Healthcare
! Project finance
Our Services
! Municipal bond underwriting
! Private placements
! Financial advisory
! Hospitality
! Senior living
! Charter schools
! Higher education
! Transportation
! Non profits
! Variable rate remarketing & underwriting
! Municipal derivatives and reinvestment products
1Ranked in the top 3 based on number of negotiated and private placement senior/sole long term transactions, and ranked in the top 10 based on par value for each of the last 7 years; Source: Refinitiv
FIXED INCOME SALES & TRADING
Our fixed income sales and trading team provides the full array of taxable and tax exempt investment solutions with multi product trading desks across a 50 state distribution network. Clients gain access to a diverse range of expertise and product knowledge from the Piper Sandler national team of 230+ sales, trading and analytics professionals. Additionally, the fixed income platform is closely integrated with investment banking and public finance groups providing insight on significant new issue product.
Financial Strategies
Our team of more than 30 dedicated strategists draw upon their expertise in balance sheet management, macroeconomics, and fixed income, along with comprehensive modeling capabilities of assets, liabilities, fixed income analytics, and interest rate derivatives to provide in depth portfolio analysis and advisory services, ideas, market research and customized cash flow analysis. Clients receive market leading insights through the group s holistic approach to balance sheet management and proprietary publications.
PIPER SANDLER FINANCE, LLC
Our wholly owned lending subsidiary that provides committed debt facilities for middle market clients based in North America. Piper Sandler Finance has been backed with $1.0 billion of equity commitments and can underwrite loans of up to $300 million.
ALTERNATIVE ASSET MANAGEMENT
Our alternative asset management teams offer an array of investment products.
Merchant Banking Growth Equity Funds
Piper Sandler Merchant Banking seeks investments in private, commercial stage businesses with strong growth prospects within the industry sectors covered by Piper Sandler equity research and investment banking resources. Our portfolio companies have a defined path to liquidity within a time horizon of five years.
Healthcare Funds
Piper Heartland Healthcare Capital, LLC aligns the knowledge, expertise and capital of Piper Sandler with the interests of our limited partnership investors and with innovative healthcare companies at key moments in their growth path.
Energy Funds
The Simmons Parallel Energy Fund and Simmons Private Equity Fund II are private equity co investment funds invested predominately in European based energy businesses, including oilfield services and technology.
Plante Moran is among the nation’s largest accounting, tax, and business consulting firms with over "#$%%!&'()*++,(-./+!,-!0"!()),1*+!23'(453(42!23*!6-,2*7!82.2*+!.-7!.9'(.7:!8*';,-5!-*.'/<!0#0%%!&',;.2*! *=4,2<!),'>+!.-7!&('2)(/,(!1/,*-2+!-.2,(-?,7*#!?*!&'(;,7*!2'.-+.12,(-#!2.@#!.47,2#!),-.-1*!.-7!.11(4-2,-5! (42+(4'1,-5#!+2'.2*5<#!(&*'.2,(-+#!.-7!2*13-(/(5<!+*';,1*+!.1'(++!23*!,-74+2',*+!.-7!23'(453(42!23*! investment life cycle. We deliver flexible solutions based on your firm’s distinct needs, which includ *+! 3*/&,-5!+2'.2*5,1.//<!*;./4.2*!.-7!*)),1,*-2/<!1/(+*!2'.-+.12,(-+:!A('!>('*!,-)('>.2,(-!;,+,2! &/.-2*>('.-:1(>B&',;.2**=4,2<
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5/=%>2u#20+2?@AB2C)+D/3E%(028+62$*64%62*,+'30(� F<#%(>2'3/06*3);%G2(':+61/3*0%121%:0G2+3%D(0+# �nan��n����e�u������a������������n����������efe��ed� %H'/0<2*312)+,,+32%H'/0< I(%2+82J6+)%%1(>2*)H'/(/0/+3(G2$%E%6*4%12:'<+'0(G2 ,*3*4%,%302:'<+'0(G246+!0;G26%)*#/0*$/=*0/+3(G2 ,/3+6/0<26%)*#/0*$/=*0/+3( ; ; The information contained herein is not complete and does not contain certain material information about any fund
Customized
PNC Business Credit is a member of The PNC Financial Services Group, Inc., one of the largest diversified financial institutions in the United States, with a coast to coast franchise and more than $565 billion in assets as of September 30, 2024.
As a leader in senior secured financing to middle market companies, larger corporations, publicly traded companies, and private equity, PNC Business Credit offers a broad range of creative, customized financing solutions in support of acquisitions, refinancings, expansion, and business transformation both domestically and internationally. Our extensive capabilities range from asset based lending to leveraged and cash flow financing, channel finance, vendor finance, and specialty financing for technology companies and retailers.
Clients of PNC Business Credit have access to the full range of strategic advisory and transaction services; sponsor solutions and fund finance; access to the capital markets; and treasury management, institutional asset management, and private banking services through The PNC Financial Services Group, Inc.
With 900+ deals closed in the past six years and $70+ billion in commitments under management, PNC Business Credit has the intellectual capital, financial resources, and the experience to get the Deal Done.
Virginia Kiseljack (404) 877 5835 (O) (404) 202 6556 (M)
virginia.kiseljack@pnc.com
Ben Colley (412) 762 3791 (O) (770) 365 9493 (M)
benjamin.colley@pnc.com
Joe Shylock
(704) 551 8516 (O) (814) 577 3302 (M)
joseph.shylock@pnc.com
Porter, White & Company | Investment Bank Profile
General Information
Description
Founded in 1975, Porter, White & Company is a boutique investment banking and investment management firm based in Birmingham, Alabama. The firm provides generalist investment banking services and supports and advises clients with specific expertise in the areas of mergers and acquisitions, valuation, capital advisory, capital raising, investment consulting, project finance, and municipal advisory. PW&Co's focused industries include manufacturing, business services, agri-business, and public finance
Website www.pwco.com
Entity Type Investment Bank
Also Known As PW&Co
Formerly Known As Porter, White & Yardley, Porter, White & Yardley, Inc., White & Company
Legal Name Porter White & Company, Inc.
Service Provider Types Investment Bank (Primary Type) Financing Advisory Valuation Firm
Contact Information
Primary Contact
Michael Stone
Managing Director michael@pwco.com
Phone: +1 (205) 458-9137
Founded
Primary Office 1927 First Avenue North 10th Floor, Woodward Building Birmingham, AL 35203
United States
Phone: +1 (205) 252-3681 info@pwco.com
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We are a partnership-oriented private equity investor dedicated to providing patient capital to support and supplement the vision of the owners and management teams of strong performing businesses. Our overarching objective is to help our portfolio companies successfully navigate the road ahead with strategic, operational and financial guidance that will accelerate growth.
SUPPORT the next phase of growth
GUIDING PRINCIPLES
ENJOY the journey Leave a lasting POSITIVE impact
$712 MILLION COMMITTED CAPITAL
YEAR FOUNDED
HELPING BUSINESSES SUCCESSFULLY NAVIGATE THE ROAD AHEAD
TRANSACTION CRITERIA
• EBITDA of $2–8 million
• Enterprise values of $20–100 million
• Minimum gross / EBITDA margin targets of ~30% / ~15%
• First institutional capital
• Meaningful owner/management rollover
INVESTMENT CHARACTERISTICS
• Proven, experienced leadership
• History of profitable growth and identified future opportunities
• Sticky, repeat customer relationships
• Recurring revenue and sustainable cash flow
• Potential for accretive add-ons
WE INVEST CONTROL EQUITY IN:
• Owner-driven recapitalizations
MILLION FUND IV 45+ PLATFORM INVESTMENTS
• Management buyouts
• Corporate carve-outs
Benefits
Training and Education
Government & Municipal Services
Route Based Services
Technical
WHO WE ARE INVESTMENT CRITERIA
Ridgemont Equity Partners is a Charlotte-based middle market private equity firm that has provided buyout and growth capital to industry-leading companies in the business and techenabled services, industrial growth, and healthcare sectors for three decades. The principals of Ridgemont have refined a proven, industry-focused model designed to build distinctive middle market companies.
$100MM to $1B+ Enterprise Value
Up To $500MM Equity Commitments
SECTOR FOCUSED INVESTING
Human Capital Solutions
Ed-tech Training & Certification
Third-Party Logistics
Software in Select End Markets
B2B Food Supply Chain Services
Tech & IT Services
ACTIVE INVESTMENTS
Physician Services
River Associates is a time tested private equity partner for management teams of niche lower middle market companies in the United States and Canada.
OUR PHILOSOPHY
Founded in 1989, River Associates has built a reputation for integrity and acumen with all our constituencies, including limited partners, investment referral sources, senior & mezzanine debt partners, and portfolio company management teams. Our Investments with Management philosophy e ectively captures the spirit of partnership, respect, and trust which guides our actions in all aspects of business.
WHO WE ARE
INVESTMENT HISTORY
120+ investments and 95 realizations over the past 35 years
EXCLUSIVE FOCUS
A limited number of niche LMM opportunities are undertaken annually
VALUE CREATION
Transform entrepreneurial businesses into larger sophisticated platforms
STRONG REPUTATION
Over three decades building relationships and references
SENIOR-LEVEL ATTENTION
Five partners with 135+ years of combined tenure at River
CAPITAL ACCESS
River VIII, LP has $345 million in committed capital
$3 $12 MILLION EBITDA for platform companies; smaller add on acquisitions
GEOGRAPHIC
United States and Canada
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Rosenthal & Rosenthal (www.rosenthalinc.com) is the leading factoring, asset-based lending, purchase order financing, and equipment financing firm in the United States.
With over 85+ years of generational family leadership and experience, Rosenthal is now led by the third generation of the Rosenthal family and continues to provide its clients with non-dilutive working capital lines of credit to support investments at any stage as they scale.
Loan size ranges from $500,000 to $30MM+, serving small to middle -market clients. With offices in New York, California, Georgia, North Carolina, Colorado and Illinois, Rosenthal’s team of nearly 220 commercial finance professionals covers the U.S. from coast to coast and nearly everywhere in between.
Rosenthal is a friendly participant with banks, investment banks, hedge funds, private equity firms, law firms, accounting firms, BDC’s, turnaround firms and other alternative lenders.
Contact Information:
Leigh Lones, Director Recourse Factoring llones@rosenthalinc.com
Gene Walsh, Business Development Ewalsh@rosenthalinc.com
David Zimmerman, VP Business Development dzimmerman@rosenthalinc.com
Visit The Difference @ https://www.rosenthalinc.com
Route 2 Capital Partners | Investor Profile
General Information
Description
Founded in 2017, Route 2 Capital Partners is a mezzanine investment firm headquartered in Greenville, South Carolina. The firm provides debt and equity to companies operating in the lower middle market across the Southern United States
Website route2capital.com
Entity Types Investor Mezzanine
Also Known As R2CP
Legal Name Route 2 Capital Partners SBIC, L.P.
Investor Types Mezzanine (Primary Type) Growth/Expansion PE/Buyout SBIC
Investor Status Actively Seeking New Investments
Year Founded 2017
Contact Information
Primary Contact
Patrick Weston
Co-Founder & Managing Partner
pweston@route2capital.com
Phone: +1 (864) 484-9371
Association of Small Business Investment Companies (NASBIC)
Commercial Services, Business Services, Distributors/Wholesale, Consumer Products and Services, Government Services, Logistics, Healthcare, Tech Enabled Services
Primary Office 110 East Court Street Suite 501
Greenville, SC 29601
United States
Phone: +1 (864) 484-9370 info@route2capital.com
South Acquisition Financing, Buyout/LBO, Mezzanine, PE Growth/Expansion, Recapitalization
Niche Manufacturing, Business Services Prefers majority stake, Will lead on a deal
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SCG Partners invests in businesses that capitalize on the operational excellence, strategic relationships, commercial synergies, technology, and national contractor networks of Safeguard Properties, a leading business process outsourcing company headquartered near Cleveland, Ohio With dedicated capital in excess of $200 million, SCG Partners is focused on eight industry verticals that are ideal for accelerated growth
Headquarters: Maitland, FL www.dtelandscape.com www.dtegolf.com
Headquarters: Bedford, NH www.profileinspection.com
Headquarters: Toronto, ON www.edenapp.com
Headquarters: Solon, OH www.mfssupply.com
Commercial Landscaping and Golf Course
Grounds Maintenance - Successfully acquired and integrated more than 20 best-in-class commercial landscaping companies. Actively seeking to grow our portfolio company Down to Earth Landscape & Irrigation into a leading landscaping, lawn maintenance in the Southeastern U.S. and golf course grounds maintenance company nationwide
Plumbing & HVAC - Safeguard and SCG Partners have developed systems to assist plumbing/HVAC businesses to improve profitability and execute acquisitions
Actively seeking to acquire a plumbing and/or HVAC platform. Ideal geography for new platform is Northeast Ohio.
Roofing - SCG Partners is seeking to capitalize on its expertise in roof repair and maintenance for commercial or residential roofing. Actively seeking to acquire a roofing platform Ideal geography for new platform is Northeast Ohio.
Multi-site Facilities Maintenance - Actively seeking to acquire a multi-site facilities maintenance provider, including handyman services, HVAC, plumbing, lighting, fire protection, and signage maintenance services. deal geography for new platform is Northeast Ohio.
Down To Earth Landscape & Irrigation is a leading full -service landscape, irrigation and landscape construction company serving multiple regions across Florida. Areas of expertise include large -scale commercial, residential and resort services.
In addition, the company’s dedicated golf division manages and maintains more than 600 holes of golf.
Profile Inspection Services is a premier insurance underwriting inspections and loss control service company that works with insurance companies.
For more than 30 years Profile has been a leader in time -based inspection management, providing clients with the boots on the ground they need to mitigate risk and help them achieve their underwriting goals.
Eden is a web/mobile app -based landscaping, lawn care and snow removal service provider operating in Canada as well as multiple areas across the U.S.
Offering both on-demand and subscription service options, the company provides customers with expedited order placement and opportunities to stay connected with contractors.
MFS Supply is a leading national distributor of renovation materials, including cabinetry, countertops, appliances, lighting, plumbing fixtures and HVAC.
In addition to property preservation (single -family, residential, commercial), the company also carries a wide selection of items utilized in the real estate industry.
new acquisition
contact
Insurance Inspection Services - Safeguard Properties has developed a national network of property inspectors largely serving the mortgage banking industry
Actively seeking to acquire insurance inspection businesses anywhere in the United States that can leverage Safeguard Properties’ inspection capabilities and expertise
Public Insurance Adjusting, Claims Services, and Insurance RestorationSafeguard Properties provides restoration and repair services nationally in the property preservation industry. Actively seeking companies in licensed public adjusting, claims services, or insurance driven disaster recovery services
Vehicle Inspection Services - SCG Partners is seeking a platform company in the vehicle inspections space, focusing on on-site inspections and reporting. Actively seeking companies that provide vehicle inspections for auto dealerships and auto insurance providers, auto finance and leasing companies and similar providers, covering asset condition and location, customer experience, and pricing.
Retail Inspections and Mystery ShoppingSCG Partners is seeking a platform company in the retail inspections/mystery shopping space, specializing in on -site inspections. Actively seeking companies that provide reporting on product placement, asset condition, customer experience, and retail conditions for consumer goods companies, retailers, restaurants, banks, and more.
STRATEGIC PARTNER
Safeguard Properties Management, LLC
Safeguard Properties Management, LLC is the mortgage field services industry leader, inspecting and preserving vacant and foreclosed properties. Safeguard prides itself on its dedication to working with community leaders and officials to eliminate blight and stabilize neighborhoods across the country.
SCG Partners’ relationship with Safeguard Properties enables us to deliver world -class resources to our partnerships.
These resources include:
• Sophisticated IT infrastructure
• Experienced senior management team
• Substantial operational experience
• Disciplined financial practices
• Strong business relationship network
• For Platforms: $1 million to $15 million of earnings before interest, taxes, depreciation and amortization (“EBITDA”)
• For Add-on Acquisitions: No minimum size
• Control-oriented
• Leveraged buyouts
• Recapitalizations
Business Models
• Service-based companies
• Recurring or repeat business models
• 10%+ EBITDA margins
About Our Firm
Smith Gambrell Russell is a full-service, international law firm that advises regional, national, and global businesses on a wide array of legal matters. The Firm’s nearly 350 attorneys provide legal counsel in more than 50 specialized practice areas:
Corporate M&A
International M&A
Real Estate
Aviation Financing
Global Reach
Banking and Finance
Intellectual Property
Employee Benefits &
Executive Compensation
SGR has 14 domestic and international offices including Atlanta; Austin; Charlotte; Chicago; Jacksonville, FL; London; Los Angeles; Miami; Milan; Munich; New York; Southampton; Tampa, FL; and Washington, DC.
Connect With Us
Contacts
Audria Crain acrain@sgrlaw.com +1 (404) 815-3646
Insurance/Reinsuranc e
Constructio n La w
Employmen t La w
Everett “Rett” Peaden rpeaden@sgrlaw.com
+1 (404) 815-3712
Primary Office
1105 West Peachtree Street Northeast
Suite 1000
Atlanta, GA 30309
United States
Phone: +1 (404) 815-3500
Fax: +1 (404) 815-3509 www.sgrlaw.com
Rankings & Reach
Am Law 200 Law Firm
Best Lawyers® Best Law Firm
Atlanta Mergers & Acquisitions Law (Atlanta)
Chambers
19 Practice Area Recognitions
42 Attorney Recognitions
2 Recognized in the Corporate/ M&A sector
Corporate/M&A (Georgia)
International Professionals
Offices in UK, Germany, and Italy
Professionals who practice in Japan, Korea, Israel, Latin America, China, and more
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Stonehenge Partners is an Ohio based junior capital firm that focuses exclusively on themiddle market. Founded in 1999, we have a long history of partnering with leading entrepreneurs and managers who are focused on building winning teams, accelerating growth, and creating shareholder value. We provide flexible capital that meets the needs of all stakeholders, including majority equity, minority equity, debt, and combinations thereof. We have raised more than $1.4 billion of committed capital and are currently investing out of our sixth institutional fund.
Overview
Investment Structures
• Target investment range of $10 million to $50 million
• Flexibility to invest subordinated debt, minority equity, control equity, or any combination
Industry Preferences
• Manufacturing
• Distribution
• Healthcare Services
• Business Services
• Avoid real estate and retail
Situations
• Management buyouts
• Leveraged acquisitions
• Recapitalizations
• Growth equity
Characteristics of Investment Candidates
• Proven management teams with properly aligned incentives
• Stable operating history with cash flow in excess of $2 million
• Strong & defensible position in a defined market or niche
• Compelling industry fundamentals
Current Fund
• Stonehenge Opportunity Fund V LP $375 million private equity fund
Senior Investment Team
Andrew Bohutinsky, Managing Partner (614)246 2434 afbohutinsky@stonehengepartners.com
Peter Davies, Managing Partner (614)246 2406 pgdavies@stonehengepartners.com
Robert Eversole, Managing Partner (614)246 2654 rmeversole@stonehengepartners.com
Thomas Utgard, Managing Partner (614)246 2436 trutgard@stonehengepartners.com
Michael Arguelles, Partner (614)246 2490 marguelles@stonehengepartners.com
Sean Dunn, Director (614)246 2416 spdunn@stonehengepartners.com
Marc Elberson, Vice President (614)246 2418 mcelberson@stonehengepartners.com
Patrick Shevelson, Vice President (614)246 2465 pbshevelson@stonehengepartners.com
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Focused on Founder-Led Businesses. Creating Value by Supporting Growth.
Thompson Street Capital Partners is a St. Louis-based private equity firm focused on investing in middle-market businesses.
Industry Verticals Partnership Approach
… with Thompson Street Capital Partners, I know that when I’m in the trench with them … our interests are aligned, I’m confident in their abilities and their wisdom and their vision.
SPENCER KUPFERMAN. PKWARE
Thompson Street says what they mean and they stand by it. From day one, what they said they would do, they did.
SCOTT THOMAS. REVENUE MANAGEMENT SOLUTIONS
Deal Origination Contacts
Jack Senneff
E: jsenneff@tscp.com O: (314) 446-3313
M: (314) 363-7385
Ray Wagner
E: rwagner@tscp.com O: (314) 446-3315 M: (618) 444-4032
Kelly Wittenbrink
kwittenbrink@tscp.com
• Outsourced Services
• Healthcare IT
• Lab Supplies & Services
• Pharma Services
• Research & Diagnostic Tools
• Data Analytics
• Decision Support
• Data Protection & Management
• Information Services
• Vertical Software
• Digital Transformation
• Managed Services
• TIC & Maintenance (Facility Services)
• Engineered Products
• Consumer Enthusiast
• Non-discretionary Consumer Services
(314) 446-3319 M: (314) 477-5412 Katie Smith
E: ksmith@tscp.com
O: (314) 881-1007
M: (314) 359-5480
Steven Emde Associate
E: semde@tscp.com
O: (314) 881-1003
M: (636) 399-9038
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▪ Meaningful rollover of equity from sellers/management into the same security as Tower Arch Partnership Approach
▪ Prioritize growth through alignment of strategic initiatives and add-on acquisitions; conservative capital
▪ Current management team continues to lead the business; significant option plan for key employees
About Tower Arch
Tower Arch Capital is a Salt Lake City, Utah-based middle market private equity firm focused on alignment with management teams and sellers with a partnership first mentality. Tower Arch was founded in 2013 and is currently investing from a $750M fund. Tower Arch G.P. is the largest investor across the three funds, followed by former management teams.
Tower Arch has been recognized on Inc’s List of Founder-Friendly Investors for all six years since the list’s inception. (2019, 2020, 2021, 2022, 2023, 2024)*
David Calder Partner dcalder@towerarch.com (801) 285-6999
Jim Allred Principal jallred@towerarch.com (801) 316-0228
Rhett Neuenschwander Partner rhett@towerarch.com (801) 997-5945
David Parkin Partner dparkin@towerarch.com (801) 997-5946
Phil Morgan Vice President pmorgan@towerarch.com (801) 340-1964
David Topham Partner dtopham@towerarch.com (801) 997-5948
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ABOUT US
Trive Capital is a Dallas, Texas based private equity firm with over $ 7 billion in regulatory assets under management. Trive focuses on investing equity and debt in what it sees as strategically viable middle-market comp anies with the potential for transformational upside through operational i mpro vement. We seek to maximize returns through a hands-on partnership that calls for identifying and implementing value creation ideas in a coll aborative partnership with management teams.
The Trive team is comprised of seasoned investment professionals who have been involved in over 100 middle-market transactions representing in excess of $10 billio n in revenue across Trive’s targeted industry sectors and situations.
WHY TRIVE?
Excel in Complex Situations
Trive seeks opportunities in complex situations, including family-owned businesses, corporate carve-outs, and distressed transactions, in which speed and certainty to close may be a priority. The firm’s professionals have considerable experience structuring, financing, and closing middle-market transactions in unique circumstances.
Value-Added Partner
The Trive professionals invest with an o perational mindset. The team has extensive operational backgrounds and aims to serve as a collaborative partner and value-added resource to management teams. While every situation is different, the Trive team often takes an active role in developing and implementing the operational strategy. In addition, the firm has a large network of operators in a number of industries that can serve as a further source of guidance.
Avoid Excessive Risk Taking
Trive strives to create value in investments through develop ing and implementing a shared strategic vision on how to maximize business potential. In doing so, the firm builds value through time-test ed operational best practices and prudent capital deployment without relying on excessive amounts of leverage or unnecessary business risk.
SENIOR INVESTMENT TEAM
Conner Searcy
Andrew Frank
Chris
Tiller
John Hamilton
INVESTMENT CRITERIA
• Global Mandate
- $40 million - $1.5 billion of revenues
- Invest $10 - $300 million of equity and/or debt per platform
• Differentiated and diversified products or services
• Defensible market position with sustainable competitiveness
• Actionable near-term operational improvement opportunities
SITUATIONAL FO CUS
• �omple� special situations in out-of-favor� but protected niches
• �nder-resourced or in need of additional capital
• �orporate carve-outs or orphaned divisions
• �ake privates of undersi�ed public companies
INDUSTRY FO CUS
• Aerospace� Defense � Gov�t �ervices Automotive � Aftermarket
• �uildin� �roducts
• �usiness �ervices
• �hemicals
• �onsumer �roducts
• �ducation
• �n�ineerin�� �onstruction � Infrastructure
• �ner�y
• �inancial �ervices
• �estaurant� �ood � �evera�e
• Gamin�
• General Industrial �ealthcare
• �eisure � �ntertainment
• �lastics � �acka�in�
• �eal �state
• �etail
• �echnolo�y� Media � �elecom
• �ransportation � �o�istics
Blake Bonner
Hsu
Shra�an Thadani
TrueNorth providesadvisory services to companiesseeking advice for middle-market M&A and financing transactions. Our focus on the middle-market enables usto provide independent, value-added advisory services to privately heldcompanies and corporate clients, bothdomestic and international, across a broadrange of industries. Middle-Market Focus International Reach
BroadRange of Experience, Capabilities, & Networks
Expertise in Restructuring & Complex Transactions
Banker Delivery Model
The TrueNorthteam of senior dealmakers possess adiverse range of transactional, industry, and professional experience. These attributes,combined with our national coverage, internationalreach, and senior bankers’ commitment to detail in leading each assignment, provide for the best possible service and outcome for each client
Connecticut
9 WestBroad Street |Suite 510 Stamford CT 06902
Main 203.604.2007 | Fax 203.595.5891
Rob Africk Managing Director rdafrick@truenorthcp.com | 203.817.0280
MarkCampbell Managing Director / Scout Valuations mcampbell@truenorthcp.com | 203.817.0287
Caleb Chu Managing Director cchu@truenorthcp.com | 203.547.8096
Mark Crouch Managing Director mcrouch@truenorthcp.com | 913.320.2674
Jeff Gaynor Managing Director - Founder jgaynor@truenorthcp.com | 203.817.0277
Michael Hunter Managing Director mhunter@truenorthcp.com | 203.817.0281
Dean Miltimore Managing Director dmiltimore@truenorthcp.com | 203.817.0278
Yuka Kimoto Director ykimoto@truenorthcp.com | 646.249.4009
David Reilly Managing Director dreilly@truenorthcp.com | 203.817.0282
ClayRisher Director - Business Development crisher@truenorthcp.com | 203.817.0286
FredRossetti Managing Director - Founder frossetti@truenorthcp.com | 203.817.0276
Yoshi Togo Managing Director ttogo@truenorthcp.com | 203.817.0284
Minnesota
Bill Jarrett Managing Director bjarrett@truenorthcp.com | 612.808.8630
!ew Jersey
Andrew Bess Managing Director abess@@truenorthcp.com | 203.604.2007
SouthCarolina
!ick Chapman Managing Director nchapman@truenorthcp.com | 843.534.5988
Europe
Michael Wellman Managing Director -UK mwellman@truenorthcp.com | 203.817.0288
Singapore
Jonathan Chee Managing Director jchee@truenorthcp.com | +65.9722.2226
Japan
Matt Kodama Managing Director mkodama@truenorthcp.com | 81.806.742.2293
Services
Overview
Comprehensive middle-market advisory services:
- Mergers & Acquisitions – including both sell-side andbuy-side M&A representation
- Capital-Raising
- Restructuring
- Valuations and Fairness Opinions(Scout Valuations)
- Strategic Planning and Alternatives
Our services are differentiated in several respects, includingour international reach and cross-border transaction expertise. Our bankershave substantial experience in international markets and executing cross-border transactions, and we continually seek to leverage this competitive advantage for thebenefit ofour clients. This international reach creates additionaltransactionoptions, enabling our clients to maximize shareholder value. Our success in maximizing shareholder value is evidenced in the substantialproportionofourtransactions that have included a cross-border component.
Clients Frequently Include:
- Owners of privatelyheldmiddle-market companies
- Middle-market companies seeking to raise growth-capital or recapitalize their balance sheet
- Corporations seeking to divest of a subsidiary or division, or acquire a middle-market company
- Large multinational corporations seeking strategic acquisitions in North America
- Private equity/family office groups seeking to sell or acquire a portfolio company,or make an add-on acquisition
Transactions
As a client-focused firm, TrueNorth brings to each assignment thebenefit ofour diverse transactional perspectives, experiences, and networks. Our senior bankers supplement TrueNorth’s substantial industry and transaction experiences by doing the work to understand in detail the business, niche, and target markets ofour client or, for a buy-side engagement, our client’s acquisition targets. Thus, we enter into each transaction process highly experienced, fully prepared, and solely focused on maximizing shareholder value for our clients.
Client-First
Highest Standards & Integrity
Independent Boutique
Senior
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COMPANY OVERVIEW VALUATION RESEARCH CORPORATION
ABOUT VRC
Valuation Research Corporation is a full-service, third-party, global valuation firm with significant experience and qualifications. Since 1975, our team has provided objective, supportable conclusions of value to domestic and international clients ranging from Fortune 500 companies to privately-held organizations of all sizes and across all industries. VRC also works closely with private equity firms, attorneys, not-for-profit institutions, fiduciaries, and individuals.
CORE SERVICES
VRC’s valuation professionals provide a full-range of quality, supportable valuation services. Areas in which we deliver superior expertise, focus and technical competence include portfolio valuations, corporate transaction opinions, and purchase price allocations. Major services include but are not limited to:
• Financial Reporting: Allocations of Purchase Price, Impairment Testing, Valuations of Derivatives
• Tax Planning, Restructuring and Reporting
• Corporate Transaction Opinions: Fairness, Solvency & Capital Adequacy
• Portfolio Valuations: Illiquid Securities, Hard-to-Value, Level 3 Assets
• Tangible Asset Valuations: Machinery & Equipment, Real Property
• Intangible Asset Valuations: Intellectual Property, Trademarks, Brands, Customer Relationships
• Complex Security Valuations
• Hedge Fund Valuations
Doug Peterson,
CFA Managing Director
dpeterson@valuationresearch.com (678) 365-2487
Andrew
Willis, CFA Senior Vice President
INDEPENDENCE AND OBJECTIVITY
Our goal is to provide clients with the practical guidance needed to achieve their business objectives. Professionals in our firm combine valuation and corporate finance experience and skills with accounting expertise to provide clients with impartial assistance.
TRANSACTION EXCELLENCE
Our professionals provide clients with the responsiveness and flexibility they need in the consideration of mergers and acquisitions, divestitures and significant corporate changes. Our valuation experts provide fairness and solvency opinions to assist company directors, special committees, ESOP trustees, lenders, and other corporate advisors to ensure that their transactions are fair and financially adequate.
SENIOR LEVEL PROFESSIONALS
Our highly-skilled senior professionals participate in all phases of assignments from initial client discussions through final recommendations. Most have backgrounds in accounting, economics, finance and statistics, and hold advanced degrees and certifications, including CFA, ASA, CPA, and MAI.
swillis@valuationresearch.com (678) 636-2488
Jack
Lyness Vice President
jlyness@valuationresearch.com (678) 235-7196
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FIRM OVERVIEW
CREATING EXCEPTIONAL OUTCOMES
We are a recognized leader in providing advisory, assurance and tax services to clients both nationally and globally. Our mission is to create exceptional outcomes for our clients and our people, offering more than just the technical insight you would expect we offer more proactivity, more attention and more investment into goals and priorities. Our best in class professionals are responsive and diligent as your trusted advisors, getting ahead of your needs so you can be well positioned within the marketplace.
NATIONAL & GLOBAL PRESENCE
We are nationally ranked in the U.S. as one of Inside Public Accounting s Top 200 firms and Accounting Today s Top Southeast Firms. Our professionals remain actively involved in local and industry organizations and associations to increase our depth of resources and expertise, providing industry research and best practices for our clients. Serving clients in 75+ countries all over the world, our international experts assist in navigating the complexities of inbound and outbound business. We are also a member of AGN International and Abacus Worldwide, actively engaging collaborative global resources to best serve our clients at home and abroad.
WHO WE SERVE
About Us
• Middle market‐focused private equity firm investing in North American‐based platform companies
• Over $3 billion of committed capital in its control equity strategy
Why Us?
• Long term investment focus
• Record of successfully generating 15%+ EBITDA CAGR on exited investments
• Unique combination of investing and operating experience – not a financial engineer
ons
• Actively pursue domestic and cross‐border transactions for strategic platform add
• Founded in 1990 – commitment to control equity since 2006
• Closed on over 220 platform and add‐on acquisitions
• Long standing group of investment professionals with over 300 years of investing experience
Size
• Successful record of improving capabilities and growth trajectories of platform companies
• Strategy of backing high quality businesses and being an engaged, transformative partner
• Invest in recruitment/retention of top talent across all our companies
Investment Criteria
‐ $50 million of EBITDA. Enterprise values ranging from $100 million to $600 million. No minimum size for add‐on acquisitions to existing platforms.
Size $50 ‐ $200+ million of equity. Demonstrated capability working with LPs to execute larger transactions.
Diverse niche manufacturers, specialty distributors and B2B service providers, with particular focus on Industrial Technology, Testing/Analytics, Business and Consumer Services, Healthcare, Engineered Products, and Food/Beverage.
Both control and significant minority equity investments to support buyouts, recapitalizations, growth financings, corporate divestitures, and public‐to‐private transactions. Deep experience investing in family‐owned businesses.
• Significant and defensible share position
• Mission critical products and/or services
• Products and/or services offer high value to cost proposition
• Unique capabilities built on superior functionality, organization or service support
• Strong margin profile and financial performance
• Scalable business models with multiple growth opportunities
Transformational Growth
$2 - $25M of EBITDA Platforms Buy and build strategy in highly fragmented industries Founder, family, corporate, institutional sellers US and Canada based companies
Business-toBusiness Services Non-Discretionary Consumer Services Supply Chain, T&L, and Infrastructure Services VERTICALS
Services
Services Home Services Automotive Aftermarket Transportation and Logistics Infrastructure Services Specialty Distribution
Services
THESIS
Mission-critical services and technology for corporate and government customers benefiting from outsourcing and regulation
Fire and Life Safety
B2C home and auto services, which benefit from noncyclical demand of aging stock and growing need for DIFM
Growing supply chain complexity from e-commerce; investments in infrastructure required from deferred investment and macro tailwinds EXAMPLE MARKETS
IT Managed Services
Plumbing and HVAC
Roofing
Environmental Services
Inspection / Maintenance
Consulting, BPO, and Staffing
Tech Enabled Services Lawn Care Pest Control Collision Repair & Lube HVAC / Plumbing / Electrical Auto Services
Door & Window Foundation & Crawlspace Gutter / Power Washing Managed Logistics / 3PL Time Critical / Time Definite
Warehousing Fulfillment Hazardous Materials Transportation
Asphalt Paving, Road Striping
Wastewater / Sewer Services
Agricultural Services
Value-added Distribution
Mailing Address: 10335 Starkey Lane, Suite 100, Knoxville, TN 37932
PATIENT CAPITAL LED BY LOGIC, NOT TIMELINES.
IDI’s BLUEPRINT
IDI is built differently. With a tight focus on technologyaided industrial product companies, we speak the language of operations, not only finance. We partner with business owners and leaders to build strong companies, elevate communities, and solidify legacies.
Industrial Product Companies
Operationally Oriented
WHO WE AREN’T
VENTURE CAPITAL
ANGEL INVESTORS
GENERIC INVESTORS
PRIVATE EQUITY
TURNAROUND SPECIALISTS
MICRO MANAGERS
We don’t do start-ups, although we like technology and growth
We aren’t friends and family, and appreciate seasoned professionals
Our focus is tight, around the kinds of stuff we know.
We aren’t against leverage, just out-sized risk and debt payments
We don’t prefer red ink, and enjoy stable situations to build upon
We like to help, but not every minute or every day
Download eBook Run To Own=Run To Sell, a guide for industrial product company owners to think through the future, written from IDI Managing Partner John Dalton’s view as an investor and operator.
INVESTMENT CRITERIA
IDI invests exclusively in manufacturing and industrial technology companies in North America that meet:
COMPANY SIZE
• Revenues $5-40 million
• EBITDA $0.75-3 million (up to $6M with Partners)
STRATEGY
• Only invest in markets that we understand
• Patient capital making control investments in buyouts and complex situations
• Sellers include entrepreneurs, families and corporations
CORE ATTRIBUTES
• Products with larger sales values
• Customers include large entities
• Product and combined technology are significant to the customers’ operations
• Segments where technology and product innovation can drive sustainable advantage
INDUSTRY FOCUS
• We invest with manufacturing and industrial technology companies
• Verticals including various products like machinery, sensors, measuring equipment, flow and process control, electrical and electronics
Company Name: Transworld Business Advisors of Atlanta North
Tagline: Your Trusted Partner in Business Sales and Acquisitions
About Us: Transworld Business Advisors of Atlanta North is a premier business brokerage agency dedicated to helping business owners and entrepreneurs achieve their goals. With over 25 years of experience, a team of 13 skilled agents, and dedicated support staff, we specialize in facilitating successful business sales, mergers, and acquisitions. Our proven process ensures smooth transactions and exceptional outcomes for all parties involved.
Our Expertise:
• Business Sales: Assisting business owners in selling their businesses efficiently and confidentially.
• Valuation Services: Offering accurate Broker Opinions of Value to help determine a fair market price.
• Buyer Representation: Helping buyers find and acquire businesses that align with their goals.
• Franchise Sales: Connecting buyers with franchise opportunities that suit their interests and investment levels.
Why Partner with Us? At Transworld Business Advisors of Atlanta North, we understand that your firm may encounter deals that fall outside your primary focus or capacity. We are well-equipped to handle these opportunities, ensuring they receive the attention and expertise they deserve. By partnering with us, you can confidently refer deals, knowing they will be managed professionally and efficiently.
Jon Roman CCIM, CM&AP, CEPA
Phone: (404) 431-4787
Email: jroman@tworld.com
Website: www.tworld.com/atlantanorth
Address: One Glenlake Pkwy, Suite 700, Atlanta GA 30328
Let's connect to discuss how we can collaborate on opportunities that align with our mutual interests.
ACG Atlanta 2024-25 Board of Directors and Staff
BOARD OF DIRECTORS
Ann Cox –Citi Private Bank
Beth Turner – RSM US LLP
Brooks Morris – CRESA
Cardell McKinstry – Aprio
Chevy Arnold – Ernst & Young
Colby Schwartz (Chair) – Fifth Third Bank
David Calhoun – Morris, Manning & Martin
Giny Mullins – LINX Partners/LXP
Gregory Worthy – Bryan Cave Leighton Paisner, LLP
Hazen Dempster – Troutman Pepper Locke
Jeffrey Hawkins – Carr, Riggs & Ingram, LLC
Jeremy Ellis – Genesis Capital, LLC
Jermain Pettis – City National Bank
ACG ATLANTA STAFF
Meg Williams, Executive Director (Atlanta & Birmingham)
Jesse Speltz – Cabretta Capital
Justin King – King & Spalding
Karan Ishwar – Argenbright Holdings
Karen Robinson Cope – Mara6
Luis Reyes – Cherry Bekaert
Philip Lewis – Fulcrum Equity Partners
Reese Henson – Citizens
Russ Herakovich – Korn Ferry
Steve Tye – Croft & Bender
Steven Hunter – TM Capital
Sue L. Miller – Bank of America
Virginia Kiseljack – PNC Business Credit
Gloria Kantor, VP of Operations (Atlanta & Southeast Region)
Colin Blouin, Chapter Manager
Continue networking at these scheduled events
APRIL 10
2025 ACG Atlanta Putting Social
MAY 8
2025 ACG Atlanta Spring Summit
JUNE 12
2025 Georgia Fast 40 Awards & Celebration
JUNE 24 - 25
2025 Southeast Region DealSchool
AUGUST 19
2025 Taste of ACG Atlanta
SEPTEMBER 10
ACG Atlanta DealSource 2025
acg.org/atlanta