Culper Capital Partners

Overview

Culper Capital Partners is a private investment firm that invests both debt and equity in middle-market companies seeking true partnership solutions. The firm combines financial resources with extensive real-world experience to foster growth and create sustainable enterprise value alongside exceptional management teams. Their investment strategies include management-backed recapitalizations, corporate carve-outs, and various debt structures, targeting companies with promising growth opportunities. The firm's equity investments encompass control, minority, co-investment, or secondary transactions, focusing on founder-owned transitions, management-backed recapitalizations, and carve-outs. They target companies with revenues greater than $10 million and EBITDA between $3 million and $10 million, with a preference for high gross margins and significant operating leverage. Industry preferences include business and industrial services, general industrial, medical device contracting or distribution, niche manufacturing, machinery and aftermarket parts/service, and healthcare services. In debt investments, Culper Capital Partners takes positions in unitranche, second lien, mezzanine, or subordinated debt facilities provided by their lender partners. They focus on recapitalizations, growth, and special situations, targeting companies with revenues greater than $10 million and EBITDA above $5 million. The firm seeks investments in machinery and aftermarket-related businesses, general industrial companies, healthcare services, and contract manufacturing, as well as related industries with a high degree of recurring revenue and counter-cyclical characteristics. Culper Capital Partners emphasizes a revolutionary approach to private equity by working closely with trusted portfolio companies to drive value for customers, employees, the community, and shareholders alike. Their core principles include integrity, commitment, value enhancement, quality, collaboration, entrepreneurship, efficiency, insightfulness, and determination. The firm is well-capitalized and has transacted more than 100 acquisitions of various sizes and complexities since 2002, demonstrating a strong track record in the industry.

Investment Focus

• Companies with revenues greater than $10 million
• EBITDA between $3 million and $10 million
• High gross margins with significant operating leverage
• Companies with recurring revenues and attractive cash flow characteristics
• Businesses with strong competitive positions in fragmented industries
• Opportunities for market consolidation through add-on acquisitions
• Asset-light, niche businesses with high barriers to entry
• Mission-critical products with recession protection