Private Equity Investing
Partnering With Management
To Accelerate Growth
At Current Capital, private equity investing is about much more than financial engineering and investment capital. Whether as co-investors with our M&A clients or in smaller deals which are too small for our clients, it is about partnering with corporate management teams to drive profitable growth and create value.
Leveraging Close Relationships
To Create Value
Focused on Quality Portfolio Companies and Value Creation
We look for attractive companies with strong growth potential and high-quality management teams across the industrial and services landscape. Our target investments include family and founder-owned businesses and corporate carve-outs.
Traditional Control Buyouts and Recapitalizations
We make control investments and co-invest with our M&A clients. We typically seek scalable business models with a defensible market position in the relevant sector.
Applying Integrated Expertise
We make full use of our industrial and services industry knowledge, operating experience and financial expertise. We also take advantage of our significant networks and unique perspectives in these sectors to develop actionable investment themes.
Investment Portfolio
Innovative Refrigeration Systems specializes in designing, engineering, manufacturing, and maintaining large-scale, highly efficient ammonia, CO2, and cascade industrial refrigeration systems. The company is vertically integrated and provides a comprehensive suite of services and technology solutions across a system’s lifecycle from initial installation to retrofit and rebuild.
Current Capital made a co-investment alongside CCMP Growth, which partnered with Innovative’s highly successful founder to accelerate growth of aftermarket service and software offerings and continue to take advantage of strong system demand in core food production and distribution end-markets.
Active Status
Following the acquisition, Innovative is interested in pursuing bolt-on acquisitions to expand aftermarket service and software offerings and to expand into new end-markets.
Marcone is the leading distributor of OEM branded residential appliance repair parts. Marcone has distribution agreements with all the leading OEMs and a multi-channel sales strategy across service providers, extended warranty providers, internet/DIY users and property managers. Headquartered in St. Louis, Marcone operates 113 facilities, has approximately 2,000 employees, and serves approximately 43,000 technician customers.
Current Capital made a co-investment alongside Genstar Capital, as part of our advisory services provided regarding Marcone’s acquisition of Munch’s Supply, a leading distributor of HVAC equipment, parts and supplies. With the addition of Munch’s, Marcone now operates in three large, growing markets within the home (appliances, HVAC and plumbing).
Active Status
Marcone remains interested in pursuing bolt-on acquisitions.
L&S Mechanical is a leading tri-trade provider of turnkey plumbing, HVAC and electrical installation services in the Texas residential market. Founded in 1985, L&S is headquartered in Richardson, Texas, and serves large production homebuilders in Dallas / Fort Worth, Houston, San Antonio, and Austin through its five production warehouses.
Current Capital made a co-investment alongside The Sterling Group, which acquired L&S in September 2021. We initiated the idea and served as financial advisor to Sterling.
Active Status
Following the acquisition, L&S is interested in pursuing bolt-on acquisitions to expand both within and beyond the state of Texas.
SlipNOT is the leading U.S. provider of metal slip-resistant surfaces designed to increase safety and reduce risk for a variety of end markets.
Current Capital made a co-investment alongside Victor Capital Partners, which acquired SlipNOT from its founding family members in December 2020. We were financial advisor to Victor and assembled a team of industry leaders who brought expertise across a wide range of disciplines, allowing for an efficient diligence process and the development of a long-term strategic plan. Two of our industry leaders joined the company post-closing.
Active Status
Following the acquisition, SlipNOT is interested in pursuing bolt-on acquisitions and expanding beyond its single Detroit, Michigan, manufacturing facility. SlipNOT’s product line consists of floor plate, grating, stair treads, and ladder rungs, among others. Its products are designed and manufactured for superior performance and durability in preventing slip, trip, and fall accidents in industrial, commercial, military, and municipal settings.
Individual FoodService is a leading distributor of foodservice disposables, janitorial and sanitation supplies, and non-perishable food products.
Current Capital made a co-investment alongside Kelso & Company, which acquired IFS from Sole Source Capital in November 2019. We initiated the idea and served as financial advisor to Kelso.
Exited: 2023
Rimstock is the United Kingdom’s leading manufacturer of premium cast and forged aluminum automotive wheels for automotive manufacturers, race teams, the military and the aftermarket.
Current Capital, together with Safanad Limited, a privately owned investment firm, and David Roberts, an experienced automotive executive, acquired Rimstock from its Founder.
Exited: 2022
Stackpole is a global designer and manufacturer of highly-engineered oil pumps and powdered metal components principally for automotive original equipment manufacturers.
Current Capital, in conjunction with The Sterling Group, a middle-market private equity firm, acquired Stackpole from Tomkins plc.
Exited: 2013
To discuss new investment opportunities, please contact Justin Levine (jlevine@currentcap.com) or Connor Donovan (cdonovan@currentcap.com).