First New England Capital
Overview
First New England Capital (FNEC) is a private equity firm specializing in investments in middle-market companies across the United States. The firm focuses on sectors such as aerospace and defense, business and consumer services, manufacturing, value-added distribution, technology, and healthcare. FNEC seeks to invest in businesses with a history of cash flow stability, consistent top-line growth, and experienced management teams. FNEC's investment strategy involves deploying between $2 million and $5 million in mezzanine and equity securities, acting as a lead investor or participating in syndicates with other investors. The firm is currently investing its third fund, First New England Capital III, L.P., which has approximately $50 million in assets under management. Since its inception in 1988, FNEC has invested approximately $100 million in over 60 companies, managing a pool of capital in excess of $120 million. The firm's portfolio includes companies such as Awareness Technologies, Cecilware, Dayton Parts, Direct Mail Holding, Harvard Bioscience, Jewell Instruments, Ranger International Services Group, Simoniz, Stonewall Kitchens, and VaultLogix.
Investment Focus
- Middle-market companies with annual revenues between $10 million and $150 million and minimum EBITDA of $2 million.
Portfolio Companies
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Unlock full contacts →Frequently asked questions about First New England Capital
What sectors does First New England Capital invest in?
First New England Capital invests in Technology, Healthcare, Manufacturing, Aerospace and Defense, Value-Added Distribution and Business and Consumer Services, and is based in Connecticut, United States. First New England Capital is listed as a private equity in the ConnectSafely investor database.
What stage does First New England Capital invest at?
First New England Capital backs companies at Growth and Buyout, writing cheques of 2M - 5M.
Which regions does First New England Capital invest in?
First New England Capital invests across United States.
What companies has First New England Capital invested in?
First New England Capital's portfolio includes Awareness Technologies, Cecilware, Dayton Parts, Direct Mail Holding, Harvard Bioscience, Jewell Instruments, Ranger International Services Group and Simoniz.
Last updated · Source: ConnectSafely investor database
