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.
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).
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.
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.
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.
Individual FoodService, located in Bell, California, has been in business for over 90 years and is Southern California’s premier distributor of food, paper, plastic, packaging, janitorial and small-ware products. Following the initial acquisition, IFS merged with Brady Industries in December 2020, which provided a more complete and complementary product portfolio, further end market and geographic diversification, and additional scale with an expanded distribution footprint. IFS remains interested in pursuing bolt-on acquisitions.
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.
Under our Ownership…
We helped to transition Rimstock from a family-owned business that was constrained by under-management and under-investment to a professionalized, tier-1 automotive supplier. The Company added a significant original equipment manufacturer business to Rimstock’s existing aftermarket business, including winning new customers such as Jaguar Land Rover, BMW, Aston Martin, McLaren, and Ferrari.
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.
Under Our Ownership…
We helped to transition Stackpole from a division of a large company to an independent global automotive supplier. Stackpole continued to win and execute well on oil pump and powdered metal platforms, as it established a strategic presence in Europe and Asia. It also accelerated its position in non-automotive products, while capitalizing on an increasingly strong global automotive production environment.
To discuss new investment opportunities, please contact Justin Levine (firstname.lastname@example.org) or Connor Donovan (email@example.com).