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HEMINGWAY CAPITAL IS AN
Operationally oriented private equity group investing in lower middle market industrial companies with up to $10 million of EBITDA. We are very focused on operational excellence, rather than financial engineering, making us an ideal strategic partner for businesses looking to maintain their legacy while also investing in, optimizing, and growing their company.
We take a differentiated approach in collaborating with our management teams. We work “for” our executive teams, not the other way around. From strategic guidance, recruiting, reporting tool implementation, tactical operational initiative execution, and commercial pipeline development, we serve as an extended resource for our management teams. The goal is always driving profitable growth – we want our management teams working “on” the business versus “in” the business to successfully grow the enterprise.
ABOUT US
Hemingway Capital is an operationally oriented investment firm that specializes in growing lower middle-market manufacturing, business & industrial services, industrial technology, and industrial automation companies. We offer creative, flexible capital and deep operating experience to optimize and grow our partner companies. We invest in fundamentally sound businesses possessing a competitive advantage, recurring demand for products or services, and favorable macro trends. We stand beside management teams, family businesses, and business owners as a preferred investor in lower middle market industrial and business services companies that adds value beyond capital. Like author Ernest Hemingway, we value being practical and purposeful and acting confidently under pressure.
Hemingway Capital’s affiliate, Beckway, provides our portfolio companies with access to over 130 seasoned operations executives. From targeted improvement initiatives to board-level guidance, Beckway offers functional and industry expertise to accelerate results and create long-term value. Hemingway, Beckway, and our portfolio company management teams work hand-in-hand to develop and execute custom value-creation plans focused on substantially improving business performance.
APPROACH
Our hands-on operational approach, combined with strategic third-party resources, jointly help to benefit businesses and position them as market-leading companies in their fields. We are active but flexible partners. You can rely on us to be fair, provide guidance when things are going well and to get involved when times are less certain.
Durable Companies: We invest in manufacturing, business & industrial services, industrial technology, and industrial automation companies where our investment will be significantly additive.
Company Attributes: EBITDA of $3 to $10 million and headquartered in the United States.
Transaction Situations: Companies at a crossroads and looking for a true partner for the next stage of growth including family successions, ownership transitions, recapitalizations, employee ownership (ESOP) or management buyouts, and corporate divestitures & carve-outs.
Flexible Structures and Horizons: We embrace founder-focused objectives, design flexible capital structures with open time horizons and offer unrivaled access and economics to the broadest and deepest operating capabilities in the lower middle market.
Active Collaborative Partnership: Most importantly, we partner with executives where our characters and chemistries are a perfect match. Our partner or portfolio company can look forward to unrivaled, preferred access to industry and functional experts.
Hemingway’s Culture: The Hemingway team is purposeful, practical and principled, embracing transparency, authenticity and compassion in everything we do.
REVENUE <$100M
EBITDA $3M-$10M
TRANSACTION SIZE
UP TO $100M
EQUITY INVESTMENT
$10M-$50M
UNITED STATES HQ
INDUSTRIAL & BUSINESS SERVICES SECTORS
ACTIVE PORTFOLIO
Deep experience in manufacturing, business & industrial services, industrial technology, and industrial automation.
As specialists in manufacturing, business & industrial services, industrial technology, and industrial automation, we seek businesses where our experience can lead to effective partnerships with management and achieve strong results.
October 2019
Maid O’ Mist has been a leading manufacturer of air elimination valves since 1932. Maid O’ Mist manufactures air elimination valves, steam valves, and vertical / horizontal float-operated water level controls. Maid O' Mist is headquartered in Chicago, Illinois (Learn More).
February 2022
Founded in 1988, GTA Containers, Inc. is the leading producer of flexible containers, covers and doors, and fluid transfer systems for military and commercial customers. GTA is headquartered in South Bend, Indiana (Learn More).
August 2023
Founded over 25 years ago as a manufacturer of wood pallets, Chibuzo has a combined history of over 90 years of pallet manufacturing and sales. Consisting of two operating entities, General Pallets & Crates and Southland Manufacturing, Chibuzo specializes in new wood pallets and crating, providing high quality products and value-added services. Chibuzo is headquartered in Fort Smith, Arkansas. (Learn More)
February 2021
Founded in 1958, Vege Labs is a private label contract manufacturer and formulator of high quality natural and organic certified efficacious cosmetic, cosmeceutical, health & beauty and household products. The company provides a wide variety of products such as shampoos, conditioners, hairsprays, serums, lotions, permanent waves and relaxers. Vege Labs is headquartered in Glendale, CA (Learn More)
April 2022
The new Raydia Food Group platform enables existing customers of Stanz and Troyer's to continue to benefit from industry-leading service with deep expertise across Indiana and nearby regions. The company currently enjoys U.S. sales of $500 million across all of its key markets – foodservice, restaurants, butcher shops, convenience stores, school nutrition, government and supermarkets (Learn More).
